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Please use this identifier to cite or link to this item: http://dspace.unimap.edu.my:80/xmlui/handle/123456789/8505

Title: A variable-capacity-based fuzzy random facility location problem with VaR objective
Authors: Wang, Shuming
Watada, Junzo
Shamsul Bahar, Yaakob, Prof. Madya
Keywords: Value-at-Risk (VaR);VaR-FRFLM;Fuzzy random facility location model
Issue Date: 2010
Publisher: Springer-Verlag Berlin Heidelberg
Citation: Integrated Uncertainty Management and Applications, vol. 68, p. 209-220
Series/Report no.: Advances in Soft Computing
Abstract: In this paper, a Value-at-Risk (VaR) based fuzzy random facility location model (VaR-FRFLM) is built in which both the costs and demands are assumed to be fuzzy random variables, and the capacity of each facility is unfixed but a decision variable. A hybrid approach based on modified particle swarm optimization (MPSO) is proposed to solve the VaR-FRFLM. In this hybrid mechanism, an approximation algorithm is utilized to compute the fuzzy random VaR, a continuous Nbest-Gbest-based PSO and a genotype-phenotype-based binary PSO vehicles are designed to deal with the continuous capacity decisions and the binary location decisions, respectively, and two mutation operators are incorporated into the PSO to further enlarge the search space. A numerical experiment illustrates the application of the proposed hybrid MPSO algorithm and lays out its robustness to the parameter settings when dealing with the VaR-FRFLM.
Description: Link to publisher's homepage at http://www.springerlink.com/
URI: http://www.springerlink.com/content/59128247115x645t/
ISBN: 978-3-642-11959-0
ISSN: 1615-3871 (Print)
1860-0794 (Online)
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