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Author Rietveld, C.J.C. ♦ Hendrix, G.P. ♦ Berkers, F.T.H.M. ♦ Croes, N.N. ♦ Smit, S.K.
Source IEEE Xplore Digital Library
Content type Text
Publisher Institute of Electrical and Electronics Engineers, Inc. (IEEE)
File Format PDF
Copyright Year ©2010
Language English
Subject Domain (in DDC) Computer science, information & general works ♦ Data processing & computer science
Subject Keyword Shape ♦ constraint satisfaction ♦ Production ♦ Power grids ♦ simplification ♦ multi-objective evolutionary algorithm ♦ optimizing ♦ Approximation methods ♦ Intelligent systems ♦ Optimization ♦ real world problems ♦ Business
Abstract In business analysis, models are sometimes oversimplified. We pragmatically approach many problems with a single financial objective and include monetary values for non-monetary variables. We enforce constraints which may not be as strict in reality. Based on a case in distributed energy production, we illustrate how we can avoid simplification by modeling multiple objectives, solving it with an NSGA-II algorithm with a novel comparison operator. Advantages include a strengthened focus on the trade-off relation between financial and non-monetary objectives. We conclude that this approach is very applicable in a business analysis setting.
Description Author affiliation: Vrije Universiteit, Amsterdam, The Netherlands (Smit, S.K.) || TNO Delft, The Netherlands (Rietveld, C.J.C.; Hendrix, G.P.; Berkers, F.T.H.M.; Croes, N.N.)
ISBN 9781424481347
Educational Role Student ♦ Teacher
Age Range above 22 year
Educational Use Research ♦ Reading
Education Level UG and PG
Learning Resource Type Article
Publisher Date 2010-11-29
Publisher Place Egypt
Rights Holder Institute of Electrical and Electronics Engineers, Inc. (IEEE)
e-ISBN 9781424481361
Size (in Bytes) 188.92 kB
Page Count 6
Starting Page 1424
Ending Page 1429

Source: IEEE Xplore Digital Library