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

fYear

2009

fDate

8-11 Dec. 2009

Firstpage

1608

Lastpage

1611

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;

fLanguage

English

Publisher

ieee

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

Type

conf

DOI

10.1109/IEEM.2009.5373111

Filename

5373111