The knapsack problem with setup (KPS) is a challenging problem in combinatorial optimization. This paper deals with the generalized problem of KPS called multiple-choice knapsack problem with setup (MCKS). The MCKS has several applications in industry such as the assignment of production to plants. A combination of Iterated local search with integer linear programming is provided and enhanced by LP-relaxation to solve the MCKS. The provided matheuristic is called LP-ILS&IP. A sensitivity analysis is provided the justify the components of the LP-ILS&IP and numerical experiments are conducted on a set of 120 benchmark instances to show the competitiveness of the LP-ILS&IP compared to the best state-of-the-art solving techniques.
Track: Operations Research
Published in: 3rd Asia Pacific International Conference on Industrial Engineering and Operations Management, Johor Bahru, Malaysia
Publisher: IEOM Society International
Date of Conference: September 13
-15
, 2022
ISBN: 978-1-7923-9162-0
ISSN/E-ISSN: 2169-8767