An Evolutionary Algorithm
An evolutionary algorithm (EA) is a type of artificial intelligence-based computational method that solves problems by mimicking biological evolution processes such as reproduction, mutation, recombination, and selection. EAs are a subset of evolutionary computation and are considered a generic population-based metaheuristic optimization algorithm.
Areas of application
- computer science
- engineering
- biology
- economics
- finance
- logistics
- manufacturing
- healthcare
- environmental science
Example
A company uses an evolutionary algorithm to optimize their supply chain management system by simulating different scenarios and selecting the best solution based on factors such as cost, delivery time, and product demand.