IDEAS home Printed from https://ideas.repec.org/a/eee/matcom/v85y2012icp11-33.html
   My bibliography  Save this article

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

Author

Listed:
  • Xu, Jiuping
  • Tao, Zhimiao

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.

Suggested Citation

  • Xu, Jiuping & Tao, Zhimiao, 2012. "A class of multi-objective equilibrium chance maximization model with twofold random phenomenon and its application to hydropower station operation," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 85(C), pages 11-33.
    • Handle: RePEc:eee:matcom:v:85:y:2012:i:c:p:11-33
    DOI: 10.1016/j.matcom.2012.09.010
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0378475412002194
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.matcom.2012.09.010?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Amid, A. & Ghodsypour, S.H. & O'Brien, C., 2006. "Fuzzy multiobjective linear model for supplier selection in a supply chain," International Journal of Production Economics, Elsevier, vol. 104(2), pages 394-407, December.
    2. Balibek, Emre & Köksalan, Murat, 2010. "A multi-objective multi-period stochastic programming model for public debt management," European Journal of Operational Research, Elsevier, vol. 205(1), pages 205-217, August.
    3. Tan, K.C. & Cheong, C.Y. & Goh, C.K., 2007. "Solving multiobjective vehicle routing problem with stochastic demand via evolutionary computation," European Journal of Operational Research, Elsevier, vol. 177(2), pages 813-839, March.
    4. Golenko-Ginzburg, Dimitri & Gonik, Aharon, 1997. "Job-shop resource scheduling via simulating random operations," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 44(5), pages 427-440.
    5. Shing, Chue & Nagasawa, Hiroyuki, 1999. "Interactive decision system in stochastic multiobjective portfolio selection," International Journal of Production Economics, Elsevier, vol. 60(1), pages 187-193, April.
    6. Xu, Jiuping & Ding, Can, 2011. "A class of chance constrained multiobjective linear programming with birandom coefficients and its application to vendors selection," International Journal of Production Economics, Elsevier, vol. 131(2), pages 709-720, June.
    7. Chaves, Paulo & Tsukatani, Tsuneo & Kojiri, Toshiharu, 2004. "Operation of storage reservoir for water quality by using optimization and artificial intelligence techniques," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 67(4), pages 419-432.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Min Zhou & Shasha Lu & Shukui Tan & Danping Yan & Guoliang Ou & Dianfeng Liu & Xiang Luo & Yanan Li & Lu Zhang & Zuo Zhang & Xiangbo Zhu, 2017. "A stochastic equilibrium chance-constrained programming model for municipal solid waste management of the City of Dalian, China," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(1), pages 199-218, January.
    2. Xu, Jiuping & Yang, Xin & Tao, Zhimiao, 2015. "A tripartite equilibrium for carbon emission allowance allocation in the power-supply industry," Energy Policy, Elsevier, vol. 82(C), pages 62-80.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chen, Lisa Y. & Wang, Tien-Chin, 2009. "Optimizing partners' choice in IS/IT outsourcing projects: The strategic decision of fuzzy VIKOR," International Journal of Production Economics, Elsevier, vol. 120(1), pages 233-242, July.
    2. Murat Köksalan & Ceren Tuncer Şakar, 2016. "An interactive approach to stochastic programming-based portfolio optimization," Annals of Operations Research, Springer, vol. 245(1), pages 47-66, October.
    3. Tseng, Lin-Yu & Lin, Ya-Tai, 2009. "A hybrid genetic local search algorithm for the permutation flowshop scheduling problem," European Journal of Operational Research, Elsevier, vol. 198(1), pages 84-92, October.
    4. Stavros A. Zenios & Andrea Consiglio & Marialena Athanasopoulou & Edmund Moshammer & Angel Gavilan & Aitor Erce, 2021. "Risk Management for Sustainable Sovereign Debt Financing," Operations Research, INFORMS, vol. 69(3), pages 755-773, May.
    5. Lin, Rong-Ho, 2012. "An integrated model for supplier selection under a fuzzy situation," International Journal of Production Economics, Elsevier, vol. 138(1), pages 55-61.
    6. Aleksandras Vytautas Rutkauskas & Viktorija Stasytytė & Nijolė Maknickienė, 2014. "Government debt as the integral portfolio of assets and liabilities generated by debt," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 15(1), pages 22-40, February.
    7. Tsai, Wen-Ping & Cheng, Chung-Lien & Uen, Tinn-Shuan & Zhou, Yanlai & Chang, Fi-John, 2019. "Drought mitigation under urbanization through an intelligent water allocation system," Agricultural Water Management, Elsevier, vol. 213(C), pages 87-96.
    8. Salah Alden Ghasimi & Rizauddin Ramli & Nizaroyani Saibani & Khashayar Danesh Narooei, 2018. "An uncertain mathematical model to maximize profit of the defective goods supply chain by selecting appropriate suppliers," Journal of Intelligent Manufacturing, Springer, vol. 29(6), pages 1219-1234, August.
    9. Yu, Min-Chun & Goh, Mark, 2014. "A multi-objective approach to supply chain visibility and risk," European Journal of Operational Research, Elsevier, vol. 233(1), pages 125-130.
    10. Marasovic, Branka & Babic, Zoran, 2011. "Two-step multi-criteria model for selecting optimal portfolio," International Journal of Production Economics, Elsevier, vol. 134(1), pages 58-66, November.
    11. Peidro, David & Mula, Josefa & Jiménez, Mariano & del Mar Botella, Ma, 2010. "A fuzzy linear programming based approach for tactical supply chain planning in an uncertainty environment," European Journal of Operational Research, Elsevier, vol. 205(1), pages 65-80, August.
    12. Bilbao, A. & Arenas, M. & Rodriguez, M.V. & Antomil, J., 2007. "On constructing expert Betas for single-index model," European Journal of Operational Research, Elsevier, vol. 183(2), pages 827-847, December.
    13. Bottani, Eleonora & Rizzi, Antonio, 2008. "An adapted multi-criteria approach to suppliers and products selection--An application oriented to lead-time reduction," International Journal of Production Economics, Elsevier, vol. 111(2), pages 763-781, February.
    14. Consiglio Andrea & Zenios Stavros A., 2015. "Risk Management Optimization for Sovereign Debt Restructuring," Journal of Globalization and Development, De Gruyter, vol. 6(2), pages 181-213, December.
    15. Joaquín Pacheco & Rafael Caballero & Manuel Laguna & Julián Molina, 2013. "Bi-Objective Bus Routing: An Application to School Buses in Rural Areas," Transportation Science, INFORMS, vol. 47(3), pages 397-411, August.
    16. T Sloan, 2010. "First, do no harm? A framework for evaluating new versus reprocessed medical devices," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 61(2), pages 191-201, February.
    17. Woo, Hong Seng & Saghiri, Soroosh, 2011. "Order assignment considering buyer, third-party logistics provider, and suppliers," International Journal of Production Economics, Elsevier, vol. 130(2), pages 144-152, April.
    18. Kannan Govindan & R. Sivakumar, 2016. "Green supplier selection and order allocation in a low-carbon paper industry: integrated multi-criteria heterogeneous decision-making and multi-objective linear programming approaches," Annals of Operations Research, Springer, vol. 238(1), pages 243-276, March.
    19. Mohammed, Ahmed & Harris, Irina & Govindan, Kannan, 2019. "A hybrid MCDM-FMOO approach for sustainable supplier selection and order allocation," International Journal of Production Economics, Elsevier, vol. 217(C), pages 171-184.
    20. Qing Gu & Ke Wang & Jiadan Li & Ligang Ma & Jinsong Deng & Kefeng Zheng & Xiaobin Zhang & Li Sheng, 2015. "Spatio-Temporal Trends and Identification of Correlated Variables with Water Quality for Drinking-Water Reservoirs," IJERPH, MDPI, vol. 12(10), pages 1-16, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:matcom:v:85:y:2012:i:c:p:11-33. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/mathematics-and-computers-in-simulation/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.