TY - GEN
T1 - Bee Colony Optimization for Maximum Diversity Problem with Capacity and Budget Constraints
AU - Mijovic, Ana
AU - Radanovic, Luka
AU - Urosevic, Dragan
AU - Davidovic, Tatjana
AU - Jovanovic, Raka
N1 - Publisher Copyright:
© 2024 IEEE.
PY - 2024
Y1 - 2024
N2 - 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.
AB - 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.
KW - Bee Colony optimization
KW - Metaheuristic Approach
KW - Multiple Neighborhoods
KW - Resource Allocation
UR - http://www.scopus.com/inward/record.url?scp=85186646695&partnerID=8YFLogxK
U2 - 10.1109/SGRE59715.2024.10428871
DO - 10.1109/SGRE59715.2024.10428871
M3 - Conference contribution
AN - SCOPUS:85186646695
T3 - 4th International Conference on Smart Grid and Renewable Energy, SGRE 2024 - Proceedings
BT - 4th International Conference on Smart Grid and Renewable Energy, SGRE 2024 - Proceedings
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 4th International Conference on Smart Grid and Renewable Energy, SGRE 2024
Y2 - 8 January 2024 through 10 January 2024
ER -