China’s Energy Portfolio Optimization Study Based on Multi-Attribute Utility Theory and Genetic Algorithm Method

2012 ◽  
Vol 524-527 ◽  
pp. 3027-3035
Author(s):  
Zai Bin Liu
Keyword(s):  
Genetic Algorithm ◽  
Portfolio Optimization ◽  
Utility Theory ◽  
Nuclear Power ◽  
Planning Problem ◽  
Optimization Study ◽  
Multi Attribute Utility Theory ◽  
Genetic Algorithm Method ◽  
Energy Portfolio Optimization ◽  
Portfolio Optimization Problem

China’s energy planning problem was concluded to the energy portfolio optimization problem which was solved by multi-attribute utility theory and genetic algorithm methods. A fundamental objectives hierarchy was established to structure the energy technology alternatives. Based on this hierarchy model, weights and utilities of energy resources were calculated by the multi-attribute utility theory. The Evolver decision tool was used to find an optimal energy portfolio by the genetic algorithm. The results indicated China should reduce coal and nuclear power in the future energy portfolio.

The Genetic Algorithm

2019 ◽  
pp. 154-178
Author(s):  
Burcu Adıguzel Mercangöz ◽  
Ergun Eroglu
Keyword(s):  
Genetic Algorithm ◽  
Mathematical Models ◽  
Portfolio Optimization ◽  
Optimization Problem ◽  
Optimization Problems ◽  
Biological Evolution ◽  
Research Field ◽  
Risk Level ◽  
Important Research ◽  
Portfolio Optimization Problem

The portfolio optimization is an important research field of the financial sciences. In portfolio optimization problems, it is aimed to create portfolios by giving the best return at a certain risk level from the asset pool or by selecting assets that give the lowest risk at a certain level of return. The diversity of the portfolio gives opportunity to increase the return by minimizing the risk. As a powerful alternative to the mathematical models, heuristics is used widely to solve the portfolio optimization problems. The genetic algorithm (GA) is a technique that is inspired by the biological evolution. While this book considers the heuristics methods for the portfolio optimization problems, this chapter will give the implementing steps of the GA clearly and apply this method to a portfolio optimization problem in a basic example.

The Genetic Algorithm

2021 ◽  
pp. 790-810
Author(s):  
Burcu Adıguzel Mercangöz ◽  
Ergun Eroglu
Keyword(s):  
Genetic Algorithm ◽  
Mathematical Models ◽  
Portfolio Optimization ◽  
Optimization Problem ◽  
Optimization Problems ◽  
Biological Evolution ◽  
Research Field ◽  
Risk Level ◽  
Important Research ◽  
Portfolio Optimization Problem

The portfolio optimization is an important research field of the financial sciences. In portfolio optimization problems, it is aimed to create portfolios by giving the best return at a certain risk level from the asset pool or by selecting assets that give the lowest risk at a certain level of return. The diversity of the portfolio gives opportunity to increase the return by minimizing the risk. As a powerful alternative to the mathematical models, heuristics is used widely to solve the portfolio optimization problems. The genetic algorithm (GA) is a technique that is inspired by the biological evolution. While this book considers the heuristics methods for the portfolio optimization problems, this chapter will give the implementing steps of the GA clearly and apply this method to a portfolio optimization problem in a basic example.

scholarly journals Hybrid Seven-bar Press Mechanism

2018 ◽  
Vol 12 (3) ◽  
pp. 181-187
Author(s):  
M. Erkan Kütük ◽  
L. Canan Dülger
Keyword(s):  
Genetic Algorithm ◽  
Objective Function ◽  
Design Optimization ◽  
Hybrid System ◽  
Degrees Of Freedom ◽  
Dimensional Synthesis ◽  
Design Variables ◽  
Optimization Study ◽  
Metal Stamping

An optimization study with kinetostatic analysis is performed on hybrid seven-bar press mechanism. This study is based on previous studies performed on planar hybrid seven-bar linkage. Dimensional synthesis is performed, and optimum link lengths for the mechanism are found. Optimization study is performed by using genetic algorithm (GA). Genetic Algorithm Toolbox is used with Optimization Toolbox in MATLAB®. The design variables and the constraints are used during design optimization. The objective function is determined and eight precision points are used. A seven-bar linkage system with two degrees of freedom is chosen as an example. Metal stamping operation with a dwell is taken as the case study. Having completed optimization, the kinetostatic analysis is performed. All forces on the links and the crank torques are calculated on the hybrid system with the optimized link lengths

scholarly journals A Multiobjective Decision-Making Model for Risk-Based Maintenance Scheduling of Railway Earthworks

2021 ◽  
Vol 11 (3) ◽  
pp. 965
Author(s):  
Irina Stipanovic ◽  
Zaharah Allah Bukhsh ◽  
Cormac Reale ◽  
Kenneth Gavin
Keyword(s):  
Utility Theory ◽  
Structural Reliability ◽  
Structural Performance ◽  
Maintenance Planning ◽  
Relative Importance ◽  
User Cost ◽  
Multi Attribute Utility Theory ◽  
Network Maintenance ◽  
Decision Making Model ◽  
Do So

Aged earthworks constitute a major proportion of European rail infrastructures, the replacement and remediation of which poses a serious problem. Considering the scale of the networks involved, it is infeasible both in terms of track downtime and money to replace all of these assets. It is, therefore, imperative to develop a rational means of managing slope infrastructure to determine the best use of available resources and plan maintenance in order of criticality. To do so, it is necessary to not just consider the structural performance of the asset but also to consider the safety and security of its users, the socioeconomic impact of remediation/failure and the relative importance of the asset to the network. This paper addresses this by looking at maintenance planning on a network level using multi-attribute utility theory (MAUT). MAUT is a methodology that allows one to balance the priorities of different objectives in a harmonious fashion allowing for a holistic means of ranking assets and, subsequently, a rational means of investing in maintenance. In this situation, three different attributes are considered when examining the utility of different maintenance options, namely availability (the user cost), economy (the financial implications) and structural reliability (the structural performance and subsequent safety of the structure). The main impact of this paper is to showcase that network maintenance planning can be carried out proactively in a manner that is balanced against the needs of the organization.

scholarly journals Modeling and Optimizing the Multi-Objective Portfolio Optimization Problem with Trapezoidal Fuzzy Parameters

2021 ◽  
Vol 26 (2) ◽  
pp. 36
Author(s):  
Alejandro Estrada-Padilla ◽  
Daniela Lopez-Garcia ◽  
Claudia Gómez-Santillán ◽  
Héctor Joaquín Fraire-Huacuja ◽  
Laura Cruz-Reyes ◽  
...  
Keyword(s):  
Steady State ◽  
Portfolio Optimization ◽  
Optimization Problem ◽  
Solution Process ◽  
Density Estimator ◽  
Nsga Ii ◽  
Spatial Spread ◽  
Multi Objective ◽  
Significant Difference ◽  
Portfolio Optimization Problem

A common issue in the Multi-Objective Portfolio Optimization Problem (MOPOP) is the presence of uncertainty that affects individual decisions, e.g., variations on resources or benefits of projects. Fuzzy numbers are successful in dealing with imprecise numerical quantities, and they found numerous applications in optimization. However, so far, they have not been used to tackle uncertainty in MOPOP. Hence, this work proposes to tackle MOPOP’s uncertainty with a new optimization model based on fuzzy trapezoidal parameters. Additionally, it proposes three novel steady-state algorithms as the model’s solution process. One approach integrates the Fuzzy Adaptive Multi-objective Evolutionary (FAME) methodology; the other two apply the Non-Dominated Genetic Algorithm (NSGA-II) methodology. One steady-state algorithm uses the Spatial Spread Deviation as a density estimator to improve the Pareto fronts’ distribution. This research work’s final contribution is developing a new defuzzification mapping that allows measuring algorithms’ performance using widely known metrics. The results show a significant difference in performance favoring the proposed steady-state algorithm based on the FAME methodology.

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