The numerical simulation of wave propagation phenomena is of paramount importance in many scientific and engineering disciplines. Many time-harmonic problems can be solved with finite elements in theory, but the computational cost is a strong constraint that limits the size of the problems and the accuracy of the solutions in practice. Ideally, solution techniques should provide the best accuracy at minimal computational cost for real-world problems. They should take advantage of the power of modern parallel computers, and they should be as easy as possible to use for the end user. In this HDR thesis, contributions are presented on three topics: the improvement of domain truncation techniques (i.e. high-order absorbing boundary conditions and perfectly matched layers), the acceleration of substructuring and preconditioning techniques based on domain decomposition methods (i.e. non-overlapping domain decomposition methods with interface conditions based on domain truncation techniques), and the design of a new hybridization approach for efficient discontinuous finite element solvers.