Hyper-heuristics comprise a set of approaches that are motivated (at least in part) by the goal of automating the design of heuristic methods to solve hard computational search problems. An underlying strategic research challenge is to develop more generally applicable search methodologies. The term hyper-heuristic is relatively new; it was first used in 2000 to describe heuristics to choose heuristics in the context of combinatorial optimisation. However, the idea of automating the design of heuristics is not new; it can be traced back to the 1960s. The definition of hyper-heuristics has been recently extended to refer to a search method or learning mechanism for selecting or generating heuristics to solve computational search problems. Two main hyper-heuristic categories can be considered: heuristic selection and heuristic generation. The distinguishing feature of hyper-heuristics is that they operate on a search space of heuristics (or heuristic components) rather than directly on the search space of solutions to the underlying problem that is being addressed. This paper presents a critical discussion of the scientific literature on hyper-heuristics including their origin and intellectual roots, a detailed account of the main types of approaches, and an overview of some related areas. Current research trends and directions for future research are also discussed

Portfolio optimization involves the optimal assignment of limited capital to different available financial assets to achieve a reasonable trade-off between profit and risk objectives. In this paper, we studied the extended Markowitz's mean-variance portfolio optimization model. We considered the cardinality, quantity, pre-assignment and round lot constraints in the extended model. These four real-world constraints limit the number of assets in a portfolio, restrict the minimum and maximum proportions of assets held in the portfolio, require some specific assets to be included in the portfolio and require to invest the assets in units of a certain size respectively. An efficient learning-guided hybrid multi-objective evolutionary algorithm is proposed to solve the constrained portfolio optimization problem in the extended mean-variance framework. A learning-guided solution generation strategy is incorporated into the multi-objective optimization process to promote the efficient convergence by guiding the evolutionary search towards the promising regions of the search space. The proposed algorithm is compared against four existing state-of-the-art multi-objective evolutionary algorithms, namely Non-dominated Sorting Genetic Algorithm (NSGA-II), Strength Pareto Evolutionary Algorithm (SPEA-2), Pareto Envelope-based Selection Algorithm (PESA-II) and Pareto Archived Evolution Strategy (PAES). Computational results are reported for publicly available OR-library datasets from seven market indices involving up to 1318 assets. Experimental results on the constrained portfolio optimization problem demonstrate that the proposed algorithm significantly outperforms the four well-known multi-objective evolutionary algorithms with respect to the quality of obtained efficient frontier in the conducted experiments

The Second International Timetabling Competition (TTC2007) opened in August 2007. Building on the success of the first competition in 2002, this sequel aimed to further develop research activity in the area of educational timetabling. The broad aim of the competition was to create better understanding between researchers and practitioners by allowing emerging techniques to be developed and tested on real-world models of timetabling problems. To support this, a primary goal was to provide researchers with models of problems faced by practitioners through incorporating a significant number of real-world constraints. Another objective of the competition was to stimulate debate within the widening timetabling research community. The competition was divided into three tracks to reflect the important variations that exist in educational timetabling within higher education. Because these formulations incorporate an increased number of “real-world” issues, it is anticipated that the competition will now set the research agenda within the field. After finishing in January 2008, final results were made available in May 2008. Along with background to the competition, the competition tracks are described here along with a brief overview of the techniques used by the competition winners.

This paper presents a case-based heuristic selection approach for automated university course and exam timetabling. The method described in this paper is motivated by the goal of developing timetabling systems that are fundamentally more general than the current state of the art. Heuristics that worked well in previous similar situations are memorized in a case base and are retrieved for solving the problem in hand. Knowledge discovery techniques are employed in two distinct scenarios. Firstly, we model the problem and the problem solving situations along with specific heuristics for those problems. Secondly, we refine the case base and discard cases which prove to be non-useful in solving new problems. Experimental results are presented and analyzed. It is shown that case based reasoning can act effectively as an intelligent approach to learn which heuristics work well for particular timetabling situations. We conclude by outlining and discussing potential research issues in this critical area of knowledge discovery for different difficult timetabling problems.