Skip to main content

Heuristic Methods

  • Chapter
  • First Online:
Operations Research and Management

Part of the book series: Springer Texts in Business and Economics ((STBE))

  • 257 Accesses

Abstract

The term "heuristics" is derived from the ancient Greek word "heuriskein," which means to discover and explore. In the context of problem solving, heuristics are rules of thought that speed up the solution of complex problems, even though they often lead to satisfactory rather than optimal results. They are particularly valuable in solving optimization problems in the context of operations research. Heuristics are guided by principles such as factorization, modeling, well-defined goals, generation and testing, and bounded rationality. Although they cannot guarantee optimality, they serve as practical tools in various fields, including economics, sports, environment, medicine, and engineering.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Schwarzbach, L., Schmitt, R. (2024). Heuristic Methods. In: Peren, F.W., Neifer, T. (eds) Operations Research and Management. Springer Texts in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-031-47206-0_7

Download citation

Publish with us

Policies and ethics