A Multiswarm Optimizer for Distributed Decision Making in Virtual Enterprise Risk Management
We develop an optimization model for risk management in a virtual enterprise environment based on a novel multiswarm particle swarm optimizer called PS2O. The main idea of PS2O is to extend the single population PSO to the interacting multiswarms model by constructing hierarchical interaction topolo...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2012-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2012/904815 |
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| _version_ | 1849308635883110400 |
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| author | Yichuan Shao Xingjia Yao Liwei Tian Hanning Chen |
| author_facet | Yichuan Shao Xingjia Yao Liwei Tian Hanning Chen |
| author_sort | Yichuan Shao |
| collection | DOAJ |
| description | We develop an optimization model for risk management in a virtual enterprise environment based on a novel multiswarm particle swarm optimizer called PS2O. The main idea of PS2O is to extend the single population PSO to the interacting multiswarms model by constructing hierarchical interaction topology and enhanced dynamical update equations. With the hierarchical interaction topology, a suitable diversity in the whole population can be maintained. At the same time, the enhanced dynamical update rule significantly speeds up the multiswarm to converge to the global optimum. With five mathematical benchmark functions, PS2O is proved to have considerable potential for solving complex optimization problems. PS2O is then applied to risk management in a virtual enterprise environment. Simulation results demonstrate that the PS2O algorithm is more feasible and efficient than the PSO algorithm in solving this real-world problem. |
| format | Article |
| id | doaj-art-0e4b685a5e63464daaedd66ea88fa539 |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2012-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-0e4b685a5e63464daaedd66ea88fa5392025-08-20T03:54:24ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2012-01-01201210.1155/2012/904815904815A Multiswarm Optimizer for Distributed Decision Making in Virtual Enterprise Risk ManagementYichuan Shao0Xingjia Yao1Liwei Tian2Hanning Chen3College of Information Science and Engineering, Shenyang University, Shenyang 110044, ChinaSchool of New Energy Engineering, Shenyang University of Technology, Shenyang 110036, ChinaScience and Technology Agency, Shenyang University, Shenyang 110036, ChinaShenyang Institute of Automation, Chinese Academy of Sciences, Shenyang 110016, ChinaWe develop an optimization model for risk management in a virtual enterprise environment based on a novel multiswarm particle swarm optimizer called PS2O. The main idea of PS2O is to extend the single population PSO to the interacting multiswarms model by constructing hierarchical interaction topology and enhanced dynamical update equations. With the hierarchical interaction topology, a suitable diversity in the whole population can be maintained. At the same time, the enhanced dynamical update rule significantly speeds up the multiswarm to converge to the global optimum. With five mathematical benchmark functions, PS2O is proved to have considerable potential for solving complex optimization problems. PS2O is then applied to risk management in a virtual enterprise environment. Simulation results demonstrate that the PS2O algorithm is more feasible and efficient than the PSO algorithm in solving this real-world problem.http://dx.doi.org/10.1155/2012/904815 |
| spellingShingle | Yichuan Shao Xingjia Yao Liwei Tian Hanning Chen A Multiswarm Optimizer for Distributed Decision Making in Virtual Enterprise Risk Management Discrete Dynamics in Nature and Society |
| title | A Multiswarm Optimizer for Distributed Decision Making in Virtual Enterprise Risk Management |
| title_full | A Multiswarm Optimizer for Distributed Decision Making in Virtual Enterprise Risk Management |
| title_fullStr | A Multiswarm Optimizer for Distributed Decision Making in Virtual Enterprise Risk Management |
| title_full_unstemmed | A Multiswarm Optimizer for Distributed Decision Making in Virtual Enterprise Risk Management |
| title_short | A Multiswarm Optimizer for Distributed Decision Making in Virtual Enterprise Risk Management |
| title_sort | multiswarm optimizer for distributed decision making in virtual enterprise risk management |
| url | http://dx.doi.org/10.1155/2012/904815 |
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