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Coello, C.A.C.: An updated survey of GA-based multi-objective optimization techniques. ACM Computing Surveys 32(2), 109-143

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Abstract

After using evolutionary techniques for single-objective optimization during more than two decades, the incorporation of more than one objective in the fitness function has finally become a popular area of research. As a consequence, many new evolutionary-based approaches and variations of existing techniques have recently been published in the technical literature. The purpose of this paper is to summarize and organize the information on these current approaches, emphasizing the importance of analyzing the operations research techniques in which most of them are based, in an attempt to motivate researchers to look into these mathematical programming approaches for new ways of exploiting the search capabilities of evolutionary algorithms. Furthermore, a summary of the main algorithms behind these approaches is provided, together with a brief criticism that includes their advantages and disadvantages, degree of applicability, and some known applications. Finally, further trends in this area and some possible paths for further research are also addressed.

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... For the test case examined, which will be further analyzed in the second part of the study, the objective functions considered are the Fire Safety Index (FSI) and the Authenticity Preservation Index (API), while cost constitutes in all test cases the constraint of the problem, depending on the available budget. Many algorithms have been presented for solving the multi-objective optimization problem [64,65]. In this study, the Nondominated Sorting Evolution Strategies II (NSES-II) algorithm [66] is employed for solving the two-objective problem at hand. ...
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The common application areas of Genetic Algorithms (GAs) have been to single criterion difficult optimization problems. The GA selection mechanism is often dependent upon a single valued scalar objective funtion. In this paper, we present results of a modified distance method. The distance method was proposed earlier by us, for solving multiple criteria problems with GAs. The Pareto set estimation method, which is fundamental to multicriteria analysis, is used to perform the multicriteria optimization using GAs. First, the Pareto set is found out from the population of the initial generation of the GA. The fitness of a new solution, is calculated by a distance measure with reference to the Pareto set of the previous runs. We calculate the distances of a solution from all the Pareto solutions found since the previous run, but the minimum of these distances is taken under consideration while evaluating the fitness of the solution. Thus the GA tries to maximize the distance of future Pareto solutions from present Pareto solutions in the positive Pareto space of the given problem. Here we modify distance method, by using an improved algorithm to assign and make use of the latent potential of the Pareto solutions which are found during the runs. Two detailed numerical examples and computer generated results are also presented.
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The target vector criterion as the vector distance between a set of desired responses and a set of really obtained responses of a multivariate function was combined with the genetic algorithm to improve simultaneously six properties of a biochemical test strip for human blood glucose determination as a function of twelve chemical and technological parameters. The advantage of the genetic algorithm in comparison with other search techniques became obvious for the search in this twelve-dimensional variables space with up to seven bit resolution, i.e., up to 1.9325 search positions. The results obtained by target vector optimization on the basis of the genetic search technique were critically compared with the results obtained by a prediction with classical and non-linear partial least-squares regression and realized in laboratory and industrial verification experiments. In this way advantages and disadvantages of deductive and inductive polyoptimization strategies could be discussed theoretically and with respect to experimental results.
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Genetic algorithms are playing an increasingly important role in studies of complex adaptive systems, ranging from adaptive agents in economic theory to the use of machine learning techniques in the design of complex devices such as aircraft turbines and integrated circuits. Adaptation in Natural and Artificial Systems is the book that initiated this field of study, presenting the theoretical foundations and exploring applications. In its most familiar form, adaptation is a biological process, whereby organisms evolve by rearranging genetic material to survive in environments confronting them. In this now classic work, Holland presents a mathematical model that allows for the nonlinearity of such complex interactions. He demonstrates the model's universality by applying it to economics, physiological psychology, game theory, and artificial intelligence and then outlines the way in which this approach modifies the traditional views of mathematical genetics. Initially applying his concepts to simply defined artificial systems with limited numbers of parameters, Holland goes on to explore their use in the study of a wide range of complex, naturally occuring processes, concentrating on systems having multiple factors that interact in nonlinear ways. Along the way he accounts for major effects of coadaptation and coevolution: the emergence of building blocks, or schemata, that are recombined and passed on to succeeding generations to provide, innovations and improvements. Bradford Books imprint
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DISSERTATION (PH.D.)--THE UNIVERSITY OF MICHIGAN Dissertation Abstracts International,
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David Goldberg's Genetic Algorithms in Search, Optimization and Machine Learning is by far the bestselling introduction to genetic algorithms. Goldberg is one of the preeminent researchers in the field--he has published over 100 research articles on genetic algorithms and is a student of John Holland, the father of genetic algorithms--and his deep understanding of the material shines through. The book contains a complete listing of a simple genetic algorithm in Pascal, which C programmers can easily understand. The book covers all of the important topics in the field, including crossover, mutation, classifier systems, and fitness scaling, giving a novice with a computer science background enough information to implement a genetic algorithm and describe genetic algorithms to a friend.
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In investment, it is highly desirable to maximize return or profit within a given risk level. Constructing a portfolio of investments to optimize the outcome is among the most significant financial decisions facing individuals and institutions. Essentially the standard portfolio optimization problem is to identify the optimal allocation of limited resources among a limited set of investments. Optimality is measured using a tradeoff between perceived risk and expected return. Expected future returns are based on historical data. Risk is measured by the variance of those historical returns. In this project, Genetic Algorithm is explored to tackle the multi-objective portfolio problem. GA is inspired from evolution process in which species evolve to improve themselves. This technique has received much attention in the past few years due to its powerful optimization and structure determining capabilities. ELECTRICAL and ELECTRONIC ENGINEERING
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