Heuristics for a Brokering Set Packing Problem

In this paper we formulate the combinatorial auction brokering problem as a Set Packing Problem (SPP) and apply a simulated annealing heuristic to solve SPP. Experimental results are compared with a recent heuristic algorithm and also with the CPLEX Integer Programming solver where we found that the...

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Bibliographic Details
Main Authors: GUO, Yunso, LIM, Andrew, Rodrigues, Brian, ZHU, Yi
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2004
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/2385
https://ink.library.smu.edu.sg/context/lkcsb_research/article/3384/viewcontent/GuoRodriguesAimath04.pdf
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Institution: Singapore Management University
Language: English
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Summary:In this paper we formulate the combinatorial auction brokering problem as a Set Packing Problem (SPP) and apply a simulated annealing heuristic to solve SPP. Experimental results are compared with a recent heuristic algorithm and also with the CPLEX Integer Programming solver where we found that the simulated annealing approach outperforms the previous heuristic method and CPLEX obtaining results within smaller timescales.