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The Linear Sum-of-Ratios Optimization Problem: A PSO-Based Algorithm

In: Operations Research Proceedings 2012

Author

Listed:
  • João Paulo Costa

    (Faculty of Economics University of Coimbra—INESC Coimbra)

  • Maria João Alves

    (Faculty of Economics University of Coimbra—INESC Coimbra)

Abstract

Problems modeled as a sum-of-ratios arise naturally when several rates (objectives) have to be optimized simultaneously. The linear sum-of-ratios problem is also used for computing nondominated solutions in multiobjective linear fractional programming problems when the weighted-sum is applied to the objective functions. We previously developed a Branch & Cut algorithm for computing solutions, considering a pre-defined error, for this kind of problems. The algorithm has a good performance for problems of medium dimensions (less than roughly ten ratios), even considering a very small pre-defined error. In this text we propose a combination of particle swarm optimization (PSO) techniques with the Branch & Cut algorithm in order to improve the performance of the computations for problems of higher dimensions. We present computational results for problems with up to twenty five ratios.

Suggested Citation

  • João Paulo Costa & Maria João Alves, 2014. "The Linear Sum-of-Ratios Optimization Problem: A PSO-Based Algorithm," Operations Research Proceedings, in: Stefan Helber & Michael Breitner & Daniel Rösch & Cornelia Schön & Johann-Matthias Graf von der Schu (ed.), Operations Research Proceedings 2012, edition 127, pages 43-48, Springer.
  • Handle: RePEc:spr:oprchp:978-3-319-00795-3_7
    DOI: 10.1007/978-3-319-00795-3_7
    as

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