Search results for " Strategy"

Memetic Algorithms in Engineering and Design

2012

When dealing with real-world applications, one often faces non-linear and nondifferentiable optimization problems which do not allow the employment of exact methods. In addition, as highlighted in [104], popular local search methods (e.g. Hooke-Jeeves, Nelder Mead and Rosenbrock) can be ill-suited when the real-world problem is characterized by a complex and highly multi-modal fitness landscape since they tend to converge to local optima. In these situations, population based meta-heuristics can be a reasonable choice, since they have a good potential in detecting high quality solutions. For these reasons, meta-heuristics, such as Genetic Algorithms (GAs), Evolution Strategy (ES), Particle …

Adaptive and Dynamic Ant Colony Search Algorithm for Optimal Distribution Systems Reinforcement Strategy

2006

The metaheuristic technique of Ant Colony Search has been revised here in order to deal with dynamic search optimization problems having a large search space and mixed integer variables. The problem to which it has been applied is an electrical distribution systems management problem. This kind of issues is indeed getting increasingly complicated due to the introduction of new energy trading strategies, new environmental constraints and new technologies. In particular, in this paper, the problem of finding the optimal reinforcement strategy to provide reliable and economic service to customers in a given time frame is investigated. Utilities indeed need efficient software tools to take deci…

On the checking of g-coherence of conditional probability bounds

2003

We illustrate an approach to uncertain knowledge based on lower conditional probability bounds. We exploit the coherence principle of de Finetti and a related notion of generalized coherence (g-coherence), which is equivalent to the "avoiding uniform loss" property introduced by Walley for lower and upper probabilities. Based on the additive structure of random gains, we define suitable notions of non relevant gains and of basic sets of variables. Exploiting them, the linear systems in our algorithms can work with reduced sets of variables and/or constraints. In this paper, we illustrate the notions of non relevant gain and of basic set by examining several cases of imprecise assessments d…

Evolving non-dominated solutions in multiobjective service restoration for automated distribution networks

2001

Abstract The problem here dealt with is that of Service Restoration (SR) in automated distribution networks. In such networks, configuration and compensation level as well as loads insertion status can be remotely controlled. The considered SR problem should be handled using Multiobjective Optimization, MO, techniques since its solution requires a compromise between different criteria. In the adopted formulation, these criteria are the supply of the highest number of loads and the minimum power losses. The Authors propose a new MO approach, the Non-dominated Sorting Fuzzy Evolution Strategy, NS_FES, which uses part of the Non-dominated Sorting Genetic Algorithm, NSGA, proposed by K. Deb. Th…

Non-stationarity tests and nonlinear trends

1992

This paper stresses the importance of the hypothesis of linearity of the deterministic component imposed by unit root testing procedures most frequently used in empirical literature. We suggest an empirical testing strategy which reduces the risk of reaching false conclusions due to the misspecification of that component and we apply it to the analysis of the nonstationarity exhibited by real GNP in France. We show that it is possible to find someflexible specifications which enable us to reject the unit root null hypothesis otherwise strongly supported in empirical literature. These specifications might be considered as approximations of the true process generating real GNP and might be us…

Performance Measurement and Outperformance Tests

2017

This chapter explains how to evaluate the performance of a trading strategy and how to carry out a statistical test of the hypothesis that a moving average trading strategy outperforms the corresponding buy-and-hold strategy. In particular, it argues that there is no unique performance measure, reviews the most popular performance measures, and points to the limitations of these measures. The chapter then surveys the parametric methods of testing the outperformance hypothesis and the current “state of the art” non-parametric methods.

Social Media Marketing and Value Co-Creation

2017

Nowadays social media and brand communities provide virtual places where the consumers can publicize their opinions about products and services and play an active role as marketers, advertisers, value creators through electronic word-of-mouth. Since most of the times these dynamics flow out of business control, in order to pursue firms' objectives, managers and marketers operating in many sectors look at the web social community with growing interest. The present chapter presents a system-wide analysis of the links and feedback mechanisms between the different aspects of value co-creation through social media marketing and brand communities. For the purpose, it is proposed a qualitative mod…

Identifying paths to audience success of media products: the media decision-makers’ perspective

2017

Research on media success factors is a fragmented field. Definitions, measures, and methods vary, and findings are often inconsistent. In an attempt to fill this perceived research gap, we distilled generic success factors of media products from the literature. Guided by theory and empirical findings, these factors were aggregated to complex concepts, building blocks of success that we further investigated in an exploratory qualitative study. We found that the building blocks are applicable to all types of media, independent of seriality and content types of media products. Subsequently the research question of this article is: Which building blocks of success are most important for media p…

Social Media Marketing and Value Co-creation: A Dynamic Performance Management Perspective

2017

The diffusion of web-based technologies has transformed the today consumers, shifting them from mere users to content generators, able to influence each other’s opinions and choices. Such trend discloses important consequences for firms, products and brands. In order to support strategic and operational decision-making, this study frames the phenomenon of social media marketing into the value co-creation paradigm and shows how to design an analytical framework combining performance management and System Dynamics.

2018

In recent decades, the massification and diversification of higher education have generated new challenges for the guidance of university students. The present study focuses on students’ experience...