A class of multi-objective equilibrium chance maximization model with twofold random phenomenon and its application to hydropower station operation

Jiuping Xu and Zhimiao Tao

Mathematics and Computers in Simulation (MATCOM), 2012, vol. 85, issue C, 11-33

Abstract: In this paper, a multi-objective decision-making model with birandom parameters is proposed. A birandom simulation technique is developed to tackle general birandom objective functions and birandom constraints. Combined with a birandom simulation technique, a genetic algorithm is designed for solving a birandom multi-objective decision-making problem. The proposed model and algorithm are applied to a hydropower station operation problem. The stochastic model and fuzzy programming approach are used for comparison to illustrate the usefulness of the proposed model and algorithm.

Keywords: Multi-objective decision making; Birandom variable; Equilibrium chance measure; Genetic algorithm; Birandom simulation; Hydropower station operation (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:matcom:v:85:y:2012:i:c:p:11-33

DOI: 10.1016/j.matcom.2012.09.010

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