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Faced with the challenge of solving hard optimization problems that abound in the real world, classical methods often encounter great difficulty - even when equipped with a theoretical guarantee of finding an optimal solution. Vitally important applications in business, engineering, economics and science cannot be tackled with any reasonable hope of success, within practical time horizons, by solution methods that have been the predominant focus of academic research throughout the past three decades (and which are still the focus of many textbooks). The impact of technology and the advent of...

Faced with the challenge of solving hard optimization problems that abound in the real world, classical methods often encounter great difficulty - even when equipped with a theoretical guarantee of finding an optimal solution. Vitally important applications in business, engineering, economics and science cannot be tackled with any reasonable hope of success, within practical time horizons, by solution methods that have been the predominant focus of academic research throughout the past three decades (and which are still the focus of many textbooks). The impact of technology and the advent of...