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A multi-objective particle swarm optimization for project selection problem

delete2010-01-01
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Masoud Rabbani *
DOI:10.1016/j.eswa.2009.05.056delete
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Abstract

Abstract

En 中文
Selecting the most appropriate projects out of a given set of investment proposals is recognized as a critical issue for which the decision maker takes several aspects into consideration. Since many of these aspects may be conflicting, the problem is rendered as a multi-objective one. Consequently, we consider a multi-objective project selection problem in this Study where total benefits are to be maximized while total risk and total coat must be minimized, simultaneously. Since solving an NP-hard problem becomes demanding as the number of projects grows, a multi-objective particle swarm with new selection regimes for global best and personal best for swarm members is designed to find the locally Pareto-optimal frontier and is compared with a salient multi-objective genetic algorithm, i.e. SPEAII, based on some comparison metrics with random instances. (C) 2009 Elsevier Ltd. All rights reserved.
Keywords:
Multi-objective particle swarm
Project selection problem
Multi-objective genetic algorithm
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Journal

Expert Systems with Applications cover
Expert Systems with Applications
IF:
7.5
Papers:
3.0W
Citations:
10.2W

Organization

U
University of Tehran
Scholars:
2.4W
Papers: 2.3W
Citations: 2.7W
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