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In this paper, we consider the effect of preservation technology cost investing on preservation equipment for reducing deterioration rate under two-level trade credit. The preservation technology cost is allowed for periodical upward or downward adjustments due to the time varying demand and the...
Persistent link: https://www.econbiz.de/10010845811
In this paper we present a multi-start particle swarm optimization algorithm for the global optimization of a function subject to bound constraints. The procedure consists of three main steps. In the initialization phase, an opposition learning strategy is performed to improve the search...
Persistent link: https://www.econbiz.de/10010845812
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For a continuous multi-objective optimization problem, it is usually not a practical approach to compute all its nondominated points because there are infinitely many of them. For this reason, a typical approach is to compute an approximation of the nondominated set. A common technique for this...
Persistent link: https://www.econbiz.de/10014501617
Meta-heuristic methods such as genetic algorithms (GA) and particle swarm optimization (PSO) have been extended to multi-objective optimization problems, and have been observed to be useful for finding good approximate Pareto optimal solutions. In order to improve the convergence and the...
Persistent link: https://www.econbiz.de/10010896374
This paper presents the conic scalarization method for scalarization of nonlinear multi-objective optimization problems. We introduce a special class of monotonically increasing sublinear scalarizing functions and show that the zero sublevel set of every function from this class is a convex...
Persistent link: https://www.econbiz.de/10010896378
Innovization (innovation through optimization) is a relatively new concept in the field of multi-objective engineering design optimization. It involves the use of Pareto-optimal solutions of a problem to unveil hidden mathematical relationships between variables, objectives and constraint...
Persistent link: https://www.econbiz.de/10010845792
This paper presents a novel method of multi-objective optimization by learning automata (MOLA) to solve complex multi-objective optimization problems. MOLA consists of multiple automata which perform sequential search in the solution domain. Each automaton undertakes dimensional search in the...
Persistent link: https://www.econbiz.de/10010845829
Pareto-based multi-objective optimization algorithms prefer non-dominated solutions over dominated solutions and maintain as much as possible diversity in the Pareto optimal set to represent the whole Pareto-front. This paper proposes three multi-objective Artificial Bee Colony (ABC) algorithms...
Persistent link: https://www.econbiz.de/10010845868