We have developed a novel technique to incorporate uncertainty modeling within an evolutionary algorithm approach to multi-objective scheduling, with the goal of identifying a Pareto frontier (tradeoff curve) that recognizes the likelihood of events that can impact the schedule outcome. Our approach is particularly applicable to the generation of multiobjective optimized robust schedules, where...

Recognition and classification of Power Quality Distorted Signals (PQDSs) in power systems is an essential duty. One of the noteworthy issues in Power Quality Analysis (PQA) is identification of distorted signals using an efficient scheme. This paper recommends a Time–Frequency Analysis (TFA), for extracting features, so-called "hybrid approach", using incorporation of Multi Resolution Analysis...

Many real-world control applications, from economics to robotics, are characterized by the presence of multiple conflicting objectives. In these problems, the standard concept of optimality is replaced by Pareto–optimality and the goal is to find the Pareto frontier, a set of solutions representing different compromises among the objectives. Despite recent advances in multi–objective optimizati...

Traditional estimators for nonparametric frontier models (DEA, FDH) are very sensitive to extreme values/outliers. Recently, Aragon, Daouia, and Thomas-Agnan (2005) proposed a nonparametric α-frontier model and estimator based on a suitably defined conditional quantile which is more robust to extreme values/outliers. Their estimator is based on a nonsmooth empirical conditional distribution. In...

According to Markowitz (1952) portfolio theory assumed that the investor has a concave utility function that expresses an attitude of risk aversion and managed to put portfolio selection based on two criteria, mean and variance. Other studies have improved this approach and following Basel II recommendations by using Value-at-Risk (VaR) as a standard risk measure in finance, Alexander & Baptist...

In the use of peer group data to assess individual, typical or best practice performance, the effective detection of outliers is critical for achieving useful results, particularly for two-stage analyses. In the DEA-related literature, prior work on this issue has focused on the efficient frontier as a basis for detecting outliers. An iterative approach for dealing with the potential for one ou...