A novel version of Ant Colony Optimization (ACO) algorithms for solving continuous space problems is presented in this paper. The basic structure and concepts of the originally reported ACO are preserved and adaptation of the algorithm to the case of continuous space is implemented within the general framework. The stigmergic communication is simulated through considering certain direction vect...

Investment decision making is one of the key issues in financial management. Selecting the appropriate tools and techniques that can make optimal portfolio is one of the main objectives of the investment world. This study tries to optimize the decision making in stock selection or the optimization of the portfolio by means of the artificial colony of honey bee algorithm. To determine the effect...

In this paper, we propose a variant of an ACO algorithm called the cunning Ant System (cAS). In cAS, each ant generates a solution by borrowing a part of a solution which was generated in previous iterations, instead of generating the solution entirely from pheromone density. Thus we named it, cunning ant. This cunning action reduces premature stagnation and exhibits good performance in the sea...

A novel version of Ant Colony Optimization (ACO) algorithms for solving continuous space problems is presented in this paper. The basic structure and concepts of the originally reported ACO are preserved and adaptation of the algorithm to the case of continuous space is implemented within the general framework. The stigmergic communication is simulated through considering certain direction vect...