Title :
Extending the PROMETHEE II method to continuous and combinatorial multi-objective optimization problems: a first model
Author :
De Smet, Y. ; Mareschal, B. ; Verly, C.
Author_Institution :
Eng. Fac., Univ. Libre de Bruxelles, Brussels, Belgium
Abstract :
PROMETHE II is a multicriteria decision aid method based on pairwise comparisons. As a consequence, it cannot reasonably be applied to problems involving a large number of alternatives (such as for instance in combinatorial or continuous multi-objective optimization). The aim of this paper is to present an approach inspired by genetic algorithms that allows to overcome these difficulties. An illustrative example based on financial portfolio management is presented.
Keywords :
combinatorial mathematics; financial management; genetic algorithms; PROMETHEE II method; combinatorial multiobjective optimization problems; financial portfolio management; genetic algorithms; multicriteria decision aid method; pairwise comparisons; Decision making; Engineering management; Financial management; Genetic algorithms; Logistics; Manufacturing; Optimization methods; Portfolios; Production management; Road transportation; Multicriteria decision aid; PROMETHEE II; multi-objective optimization;
Conference_Titel :
Industrial Engineering and Engineering Management, 2009. IEEM 2009. IEEE International Conference on
Conference_Location :
Hong Kong
Print_ISBN :
978-1-4244-4869-2
Electronic_ISBN :
978-1-4244-4870-8
DOI :
10.1109/IEEM.2009.5373111
