A multiobjective metaheuristic for a mean-risk multistage capacity investment problem

• Type: Article in International Scientific Journal
• Date: 2010

Authors

João Claro (Author) FEUP; Jorge Pinho de Sousa (Author) FEUP

Journal

Title: Journal of Heuristics

Vol. 16 No. 1

Pages: 85-115

ISSN: 1381-1231

Publisher: Springer Nature

Indexing

ISI Web of Knowledge - 10 Citations

ISI Web of Science

Scopus - 12 Citations

COMPENDEX

INSPEC

Scientific classification

FOS: Engineering and technology > Other engineering and technologies

CORDIS: Physical sciences > Mathematics > Applied mathematics > Operations research

Other information

Authenticus ID: P-003-9FB

DOI: 10.1007/s10732-008-9090-2

Abstract (EN): We propose a multiobjective local search metaheuristic for a mean-risk multistage capacity investment problem with irreversibility, lumpiness and economies of scale in capacity costs. Conditional value-at-risk is considered as a risk measure. Results of a computational study are presented and indicate that the approach is capable of producing high-quality approximations to the efficient sets with a modest computational effort. The best results are achieved with a new hybrid approach, combining Tabu Search and Variable Neighbourhood Search.

Language: English

Type (Professor's evaluation): Scientific