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 ...

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...

This paper presents an application of elitist non-dominated sorting genetic algorithm (NSGA-II) for solving a multi-objective reactive power market clearing (MO-RPMC) model. In this MO-RPMC model, two objective functions such as total payment function (TPF) for reactive power support from generators/synchronous condensers and voltage stability enhancement index (VSEI) are optimized simultaneous...

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...

To meet the increasing computational demands, geographically distributed resources need to be logically coupled to make them work as a unified resource. In analyzing the performance of such distributed heterogeneous computing systems scheduling a set of tasks to the available set of resources for execution is highly important. Task scheduling being an NP-complete problem, use of metaheuristics ...

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...

This paper considers two-level assembly systems whose lead times of components are stochastic with known discrete random distributions. In such a system, supply planning requires determination of release dates of components at level 2 in order to minimize expected holding cost and to maximize customer service. Hnaien et al. [Hnaien F, Delorme X, Dolgui A. Multi-objective optimization for invent...

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...

Casting production scheduling problem has attracted increasing research attention in recent years to facilitate the profits, efficiency, and environment issues of casting industry. is often characterized by properties intensive energy consumption complex process routes, which motivate in-depth investigation on construction practical multi-objective models development effective algorithms. In th...