“…Well-known exact methods for MaxCut, such as the Branch and Price procedure [17], are capable of solving to optimality medium size instances (i.e., |V | = 500). For larger instances, different heuristic methods have been proposed including global equilibrium search [21], projected gradient approach [6], rank-2 relaxation heuristic [7], and greedy heuristics [11]. Other well-known algorithms are based on popular metaheuristics such as variable neighbourhood search [8], tabu search [1,16], scatter search [19], grasp [22], and different hybrid approaches [8,22].…”