Am I mistaken or does algorithmic in this case simply translate to actually formulating a model that accurately represents your problem? I agree that the heuristic approach might be quicker and is great for filling gaps in your formal models, but actually getting a good description of the problem does seem like the smart thing to do.
I guess I should have been clearer. I think having the right formulation of the problem helps both approaches. The algorithmic approach is one that tends to rely more on quantitative/statistical properties and less on a rule of thumb.
[+] [-] rk17|12 years ago|reply
[+] [-] dangoldin|12 years ago|reply
Thanks for the note - I'll update the post.