Bee Colony Optimization for Maximum Diversity Problem with Capacity and Budget Constraints

Ana Mijovic, Luka Radanovic, Dragan Urosevic, Tatjana Davidovic, Raka Jovanovic

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The paper explores the problem of selecting a diverse set of points from a given set, with applications in various fields, including facility positioning and renewable energy infrastructure. Specifically, the Maximum Diversity Problem with Capacity and Budget Constraints (MDP-CBC) is addressed, which balances diversity, budget, and capacity limitations in resource allocation. The paper presents an in-depth analysis of the problem, introduces Bee Colony optimization (BCO) as a novel approach, and conducts computational experiments to assess its performance. Results are compared with local search-based methods, demonstrating the potential of BCO in solving MDP-CBC. The paper provides insights into solution representations, neighborhoods, and the implementation of the BCO algorithm. Experimental results on small and medium-sized instances highlight the advantages and disadvantages of the BCO in terms of objective function values. This research contributes to optimizing resource allocation in areas such as renewable energy and facility management.

Original languageEnglish
Title of host publication4th International Conference on Smart Grid and Renewable Energy, SGRE 2024 - Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9798350306262
DOIs
Publication statusPublished - 2024
Event4th International Conference on Smart Grid and Renewable Energy, SGRE 2024 - Doha, Qatar
Duration: 8 Jan 202410 Jan 2024

Publication series

Name4th International Conference on Smart Grid and Renewable Energy, SGRE 2024 - Proceedings

Conference

Conference4th International Conference on Smart Grid and Renewable Energy, SGRE 2024
Country/TerritoryQatar
CityDoha
Period8/01/2410/01/24

Keywords

  • Bee Colony optimization
  • Metaheuristic Approach
  • Multiple Neighborhoods
  • Resource Allocation

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