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Supply chain efficiency is a major challenge in today's business environment, where efficient resource allocation and coordination of activities are essential for competitive advantage. Traditional efficiency strategies often struggle for resources for the complex and dynamic network. In response, bio-inspired metaheuristic algorithms have emerged as powerful tools to solve these optimization problems. Referring to the random search nature of metaheuristic algorithms and emphasizing that no metaheuristic algorithm is the best optimizer for all optimization applications, the No Free Lunch (NFL) theorem encourages researchers to design newer algorithms to be able to provide more effective solutions to optimization problems. Motivated by the NFL theorem, the innovation and novelty of this paper is in designing a new meta-heuristic algorithm called Bobcat Optimization Algorithm (BOA) that imitates the natural behavior of bobcats in the wild. The basic inspiration of BOA is derived from the hunting strategy of bobcats during the attack towards the prey and the chase process between them. The theory of BOA is stated and then mathematically modeled in two phases (i) exploration based on the simulation of the bobcat's position change while moving towards the prey and (ii) exploitation based on simulating the bobcat's position change during the chase process to catch the prey. The performance of BOA is evaluated in optimization to handle the CEC 2017 test suite for problem dimensions equal to 10, 30, 50, and 100, as well as to address CEC 2020. The optimization results show that BOA has a high ability in exploration, exploitation, and balance them during the search process in order to achieve a suitable solution for optimization problems. The results obtained from BOA are compared with the performance of twelve well-known metaheuristic algorithms. The findings show that BOA has been successful in handling the CEC 2017 test suite in 89.65, 79.31, 93.10, and 89.65% of the functions for the problem dimension equal to 10, 30, 50, and 100, respectively. Also, the findings show that in order to handle the CEC 2020 test suite, BOA has been successful in 100% of the functions of this test suite. The statistical analysis confirms that BOA has a significant statistical superiority in the competition with the compared algorithms. Also, in order to analyze the efficiency of BOA in dealing with real world applications, twenty-two constrained optimization problems from CEC 2011 test suite and four engineering design problems have been selected. The findings show that BOA has been successful in 90.90% of CEC2011 test suite optimization problems and in 100% of engineering design problems. In addition, the efficiency of BOA to handle SCM applications has been challenged to solve ten case studies in the field of sustainable lot size optimization. The findings show that BOA has successfully provided superior performance in 100% of the case studies compared to competitor algorithms. [ABSTRACT FROM AUTHOR]

In this paper, a new bio-inspired metaheuristic algorithm named the Kookaburra Optimization Algorithm (KOA) is introduced, which imitates the natural behavior of kookaburras in nature. The fundamental inspiration of KOA is the strategy of kookaburras when hunting and killing prey. The KOA theory is stated, and its mathematical modeling is presented in the following two phases: (i) exploration based on the simulation of prey hunting and (ii) exploitation based on the simulation of kookaburras' behavior in ensuring that their prey is killed. The performance of KOA has been evaluated on 29 standard benchmark functions from the CEC 2017 test suite for the different problem dimensions of 10, 30, 50, and 100. The optimization results show that the proposed KOA approach, by establishing a balance between exploration and exploitation, has good efficiency in managing the effective search process and providing suitable solutions for optimization problems. The results obtained using KOA have been compared with the performance of 12 well-known metaheuristic algorithms. The analysis of the simulation results shows that KOA, by providing better results in most of the benchmark functions, has provided superior performance in competition with the compared algorithms. In addition, the implementation of KOA on 22 constrained optimization problems from the CEC 2011 test suite, as well as 4 engineering design problems, shows that the proposed approach has acceptable and superior performance compared to competitor algorithms in handling real-world applications. [ABSTRACT FROM AUTHOR]