Several problems in the area of financial optimization can be naturally dealt with optimization techniques under multiobjective approaches, followed by a decision-making procedure on the resulting efficient solutions. The problem of portfolio optimization is one of them. This chapter studies the use of evolutionary multiobjective techniques to solve such problems, focusing on Venezuelan market ...

This paper analyzes a system subject to repairable and non-repairable failures. Non-repairable failures lead to replacement of the system. Repairable failures, first lead to repair but they lead to replacement after a fixed number of repairs. Operating and repair times follow phase type distributions (PH-distributions) and the pattern of the operating times is modelled by a geometric process. I...

In this paper, we have studied a multiobjective hybrid flowshop scheduling problem where n independent jobs should be executed in a hybrid assembly line. The aim of our work is to optimize the makespan and the total tardiness of the whole production. A simulation based optimization algorithm is proposed here to solve this problem. It is a combination of the simulation software ARENA and the FLC...

A multi-objective optimization problem (MOP) is often found in real-world optimization problem. Among various multiobjective optimization techniques, multi-objective evolutionary algorithm (MOEA) is highlighted as a good candidate due to its flexibility, feasibility, and its ability to handle multiple solutions. Among various MOEAs, we analyze 2MOEA which can achieve good convergence and divers...

We propose a new multi-objective genetic programming (MOGP) for automatic construction of image feature extraction programs (FEPs). The proposed method was originated from a well known multiobjective evolutionary algorithm (MOEA), i.e., NSGA-II. The key differences are that redundancy-regulation mechanisms are applied in three main processes of the MOGP, i.e., population truncation, sampling, a...

This paper deals with asymptotic expressions of the Mean Time To Failure (MTTF) and higher moments for large, recursive, and non-repairable systems in the context of two-terminal reliability. Our aim is to extend the well-known results of the series and parallel cases. We first consider several exactly solvable configurations of identical components with exponential failure-time distribution fu...

This paper visually demonstrates the effect of crossover operations on the performance of EMO algorithms through computational experiments on multi-objective 0/1 knapsack problems. In our computational experiments, we use the NSGA-II algorithm as a representative EMO algorithm. First we compare the performance of the NSGA-II algorithm between two cases: NSGA-II with/without crossover. Experimen...

The increasing complexity of the modern control systems has emphasized the idea of applying new approaches in order to solve design problems for different control engineering problems. This paper reports a performance comparison between traditional (linear PID controller) and evolvable methods (evolvable hardware controllers) applied to the problem of three-degrees-of-freedom manipulator contro...

As one of the most challenging combinatorial optimization problems in scheduling, the resource-constrained project scheduling problem (RCPSP) has attracted numerous scholars’ interest resulting in considerable research in the past few decades. However, most of these papers focused on the single objective RCPSP; only a few papers concentrated on the multi-objective resource-constrained project s...

Classical evolutionary multi-objective optimization algorithms aim at finding an approximation of the entire set of Pareto optimal solutions. By considering the preferences of a decision maker within evolutionary multi-objective optimization algorithms, it is possible to focus the search only on those parts of the Pareto front that satisfy his/her preferences. In this paper, an extended prefere...