Multiobjective particle swarm optimization for a novel fuzzy portfolio selection problem

2012 ◽  
Vol 8 (2) ◽  
pp. 146-154 ◽  
Author(s):  
Bo Wang ◽  
Junzo Watada
Keyword(s):  
Particle Swarm Optimization ◽  
Portfolio Selection ◽  
Particle Swarm ◽  
Selection Problem ◽  
Swarm Optimization ◽  
Portfolio Selection Problem ◽  
Fuzzy Portfolio Selection ◽  
Multiobjective Particle Swarm Optimization

scholarly journals A novel hybrid PSO-based metaheuristic for costly portfolio selection problems

2021 ◽  
Author(s):  
Marco Corazza ◽  
Giacomo di Tollo ◽  
Giovanni Fasano ◽  
Raffaele Pesenti
Keyword(s):  
Particle Swarm Optimization ◽  
Portfolio Selection ◽  
Particle Swarm ◽  
Selection Problem ◽  
Computational Time ◽  
Swarm Optimization ◽  
Portfolio Selection Problem ◽  
Hybrid Metaheuristic ◽  
Unconstrained Model ◽  
Unconstrained Problem

AbstractIn this paper we propose a hybrid metaheuristic based on Particle Swarm Optimization, which we tailor on a portfolio selection problem. To motivate and apply our hybrid metaheuristic, we reformulate the portfolio selection problem as an unconstrained problem, by means of penalty functions in the framework of the exact penalty methods. Our metaheuristic is hybrid as it adaptively updates the penalty parameters of the unconstrained model during the optimization process. In addition, it iteratively refines its solutions to reduce possible infeasibilities. We report also a numerical case study. Our hybrid metaheuristic appears to perform better than the corresponding Particle Swarm Optimization solver with constant penalty parameters. It performs similarly to two corresponding Particle Swarm Optimization solvers with penalty parameters respectively determined by a REVAC-based tuning procedure and an irace-based one, but on average it just needs less than 4% of the computational time requested by the latter procedures.

scholarly journals Knowledge-guided multiobjective particle swarm optimization with fusion learning strategies

2021 ◽  
Author(s):  
Wei Li ◽  
Xiang Meng ◽  
Ying Huang ◽  
Soroosh Mahmoodi
Keyword(s):  
Particle Swarm Optimization ◽  
Learning Strategies ◽  
Learning Strategy ◽  
Particle Swarm ◽  
Population Diversity ◽  
Selection Strategy ◽  
Rapid Loss ◽  
Solution Quality ◽  
Swarm Optimization ◽  
Multiobjective Particle Swarm Optimization

AbstractMultiobjective particle swarm optimization (MOPSO) algorithm faces the difficulty of prematurity and insufficient diversity due to the selection of inappropriate leaders and inefficient evolution strategies. Therefore, to circumvent the rapid loss of population diversity and premature convergence in MOPSO, this paper proposes a knowledge-guided multiobjective particle swarm optimization using fusion learning strategies (KGMOPSO), in which an improved leadership selection strategy based on knowledge utilization is presented to select the appropriate global leader for improving the convergence ability of the algorithm. Furthermore, the similarity between different individuals is dynamically measured to detect the diversity of the current population, and a diversity-enhanced learning strategy is proposed to prevent the rapid loss of population diversity. Additionally, a maximum and minimum crowding distance strategy is employed to obtain excellent nondominated solutions. The proposed KGMOPSO algorithm is evaluated by comparisons with the existing state-of-the-art multiobjective optimization algorithms on the ZDT and DTLZ test instances. Experimental results illustrate that KGMOPSO is superior to other multiobjective algorithms with regard to solution quality and diversity maintenance.

scholarly journals Asteroid Rendezvous Mission Design Using Multiobjective Particle Swarm Optimization

2014 ◽  
Vol 2014 ◽  
pp. 1-13 ◽  
Author(s):  
Ya-zhong Luo ◽  
Li-ni Zhou
Keyword(s):  
Particle Swarm Optimization ◽  
Particle Swarm ◽  
Optimization Techniques ◽  
Mission Design ◽  
Trajectory Design ◽  
Time Transfer ◽  
Pareto Solution ◽  
Swarm Optimization ◽  
Multiobjective Particle Swarm Optimization ◽  
Asteroid Mission

A new preliminary trajectory design method for asteroid rendezvous mission using multiobjective optimization techniques is proposed. This method can overcome the disadvantages of the widely employed Pork-Chop method. The multiobjective integrated launch window and multi-impulse transfer trajectory design model is formulated, which employes minimum-fuel cost and minimum-time transfer as two objective functions. The multiobjective particle swarm optimization (MOPSO) is employed to locate the Pareto solution. The optimization results of two different asteroid mission designs show that the proposed approach can effectively and efficiently demonstrate the relations among the mission characteristic parameters such as launch time, transfer time, propellant cost, and number of maneuvers, which will provide very useful reference for practical asteroid mission design. Compared with the PCP method, the proposed approach is demonstrated to be able to provide much more easily used results, obtain better propellant-optimal solutions, and have much better efficiency. The MOPSO shows a very competitive performance with respect to the NSGA-II and the SPEA-II; besides a proposed boundary constraint optimization strategy is testified to be able to improve its performance.

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