EconPapers    
Economics at your fingertips  
 

An extension of the non-inferior set estimation algorithm for many objectives

Marcos M. Raimundo, Paulo A.V. Ferreira and Fernando J. Von Zuben

European Journal of Operational Research, 2020, vol. 284, issue 1, 53-66

Abstract: This work proposes a novel multi-objective optimization approach that globally finds a representative non-inferior set of solutions, also known as Pareto-optimal solutions, by automatically formulating and solving a sequence of weighted sum method scalarization problems. The approach is called MONISE (Many-Objective NISE) because it represents an extension of the well-known non-inferior set estimation (NISE) algorithm, which was originally conceived to deal with two-dimensional objective spaces. The proposal is endowed with the following characteristics: (1) uses a mixed-integer linear programming formulation to operate in two or more dimensions, thus properly supporting many (i.e., three or more) objectives; (2) relies on an external algorithm to solve the weighted sum method scalarization problem to optimality; and (3) creates a faithful representation of the Pareto frontier in the case of convex problems, and a useful approximation of it in the non-convex case. Moreover, when dealing specifically with two objectives, some additional properties are portrayed for the estimated non-inferior set. Experimental results validate the proposal and indicate that MONISE is competitive, in convex and non-convex (combinatorial) problems, both in terms of computational cost and the overall quality of the non-inferior set, measured by the acquired hypervolume.

Keywords: Multi-objective optimization; Automatic estimation of a non-inferior set; Weighted sum method (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0377221719309282
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:284:y:2020:i:1:p:53-66

DOI: 10.1016/j.ejor.2019.11.017

Access Statistics for this article

European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati

More articles in European Journal of Operational Research from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-06-13
Handle: RePEc:eee:ejores:v:284:y:2020:i:1:p:53-66