Performance Assessment of Pareto and Non-Pareto Approaches for the Optimal Allocation of DG and DSTATCOM in the Distribution System

This paper proposes a Differential Evolution (DE) optimization algorithm and a Pareto-frontier Multi-Objective Differential Evolution (MODE) optimization algorithm for the optimal allocation of Distributed Generation (DG) and Distribution Static Compensator (DSTATCOM) in a radial distribution system. It considers the minimization of active power dissipation, voltage drop and the annual cost as the objectives of this optimization problem. The proposed techniques are tested on an IEEE 33 bus radial distribution system. To compare the performance of the MODE and DE, the weighted sum approach is carried out. This helps to select one solution from the Pareto front of the MODE. Case studies show that the allocation of both DG and DSTATCOM results in a noticeable reduction of system losses, voltage drop and annual cost. Comparative studies also show that the global convergence characteristics of MODE are better than several other optimization algorithms

The Combinational Mutation Strategy of Differential Evolution Algorithm for Pricing Vanilla Options and Its Implementation on Data during Covid-19 Pandemic

Investors always want to know about the profit and the risk that they will be get before buying some assets. Our main focus is getting the profit and the probability of getting that profit using the differential evolution algorithm for vanilla option pricing on data before and during COVID-19 pandemic. Therefore, we model the pricing of an option using a bi-objective optimization problem using data before and during COVID-19 pandemic for one year expiration date. We change this problem into an optimization problem using adaptive weighted sum method. We use metaheuristics algorithm like Differential Evolution (DE) algorithm to solve this bi-objective optimization problems. In this paper, we also use modification of Differential Evolution for getting Pareto optimal solutions on vanilla option pricing for all contract. The algorithm is called Combinational Mutation Strategy of Differential Evolution (CmDE) algorithm. The results of our algorithm are satisfactory close to the real option price in the market data. Besides that, we also compare our result with the Black-Scholes results for validation. The results show that our results can approximate the real market options more accurate than Black-Scholes results. Hence, our bi-objective optimization using Combinational Mutation Strategy of Differential Evolution algorithm can be used to approximate the market real vanilla option pricing before and during COVID-19 pandemic

Multi-objective routing optimization using evolutionary algorithms

Wireless ad hoc networks suffer from several limitations, such as routing failures, potentially excessive bandwidth requirements, computational constraints and limited storage capability. Their routing strategy plays a significant role in determining the overall performance of the multi-hop network. However, in conventional network design only one of the desired routing-related objectives is optimized, while other objectives are typically assumed to be the constraints imposed on the problem. In this paper, we invoke the Non-dominated Sorting based Genetic Algorithm-II (NSGA-II) and the MultiObjective Differential Evolution (MODE) algorithm for finding optimal routes from a given source to a given destination in the face of conflicting design objectives, such as the dissipated energy and the end-to-end delay in a fully-connected arbitrary multi-hop network. Our simulation results show that both the NSGA-II and MODE algorithms are efficient in solving these routing problems and are capable of finding the Pareto-optimal solutions at lower complexity than the ’brute-force’ exhaustive search, when the number of nodes is higher than or equal to 10. Additionally, we demonstrate that at the same complexity, the MODE algorithm is capable of finding solutions closer to the Pareto front and typically, converges faster than the NSGA-II algorithm

Multi-Objective Optimization of Planetary Gearbox with Adaptive Hybrid Particle Swarm Differential Evolution Algorithm

This paper considers the problem of constrained multi-objective non-linear optimization of planetary gearbox based on hybrid metaheuristic algorithm. Optimal design of planetary gear trains requires simultaneous minimization of multiple conflicting objectives, such as gearbox volume, center distance, contact ratio, power loss, etc. In this regard, the theoretical formulation and numerical procedure for the calculation of the planetary gearbox power efficiency has been developed. To successfully solve the stated constrained multi-objective optimization problem, in this paper a hybrid algorithm between particle swarm optimization and differential evolution algorithms has been proposed and applied to considered problem. Here, the mutation operators from the differential evolution algorithm have been incorporated into the velocity update equation of the particle swarm optimization algorithm, with the adaptive population spacing parameter employed to select the appropriate mutation operator for the current optimization condition. It has been shown that the proposed algorithm successfully obtains the solutions of the non-convex Pareto set, and reveals key insights in reducing the weight, improving efficiency and preventing premature failure of gears. Compared to other well-known algorithms, the numerical simulation results indicate that the proposed algorithm shows improved optimization performance in terms of the quality of the obtained Pareto solutions

Multi-Objective Optimization of Planetary Gearbox with Adaptive Hybrid Particle Swarm Differential Evolution Algorithm

This paper considers the problem of constrained multi-objective non-linear optimization of planetary gearbox based on hybrid metaheuristic algorithm. Optimal design of planetary gear trains requires simultaneous minimization of multiple conflicting objectives, such as gearbox volume, center distance, contact ratio, power loss, etc. In this regard, the theoretical formulation and numerical procedure for the calculation of the planetary gearbox power efficiency has been developed. To successfully solve the stated constrained multi-objective optimization problem, in this paper a hybrid algorithm between particle swarm optimization and differential evolution algorithms has been proposed and applied to considered problem. Here, the mutation operators from the differential evolution algorithm have been incorporated into the velocity update equation of the particle swarm optimization algorithm, with the adaptive population spacing parameter employed to select the appropriate mutation operator for the current optimization condition. It has been shown that the proposed algorithm successfully obtains the solutions of the non-convex Pareto set, and reveals key insights in reducing the weight, improving efficiency and preventing premature failure of gears. Compared to other well-known algorithms, the numerical simulation results indicate that the proposed algorithm shows improved optimization performance in terms of the quality of the obtained Pareto solutions

Stochastic Fractal Based Multiobjective Fruit Fly Optimization

The fruit fly optimization algorithm (FOA) is a global optimization algorithm inspired by the foraging behavior of a fruit fly swarm. In this study, a novel stochastic fractal model based fruit fly optimization algorithm is proposed for multiobjective optimization. A food source generating method based on a stochastic fractal with an adaptive parameter updating strategy is introduced to improve the convergence performance of the fruit fly optimization algorithm. To deal with multiobjective optimization problems, the Pareto domination concept is integrated into the selection process of fruit fly optimization and a novel multiobjective fruit fly optimization algorithm is then developed. Similarly to most of other multiobjective evolutionary algorithms (MOEAs), an external elitist archive is utilized to preserve the nondominated solutions found so far during the evolution, and a normalized nearest neighbor distance based density estimation strategy is adopted to keep the diversity of the external elitist archive. Eighteen benchmarks are used to test the performance of the stochastic fractal based multiobjective fruit fly optimization algorithm (SFMOFOA). Numerical results show that the SFMOFOA is able to well converge to the Pareto fronts of the test benchmarks with good distributions. Compared with four state-of-the-art methods, namely, the non-dominated sorting generic algorithm (NSGA-II), the strength Pareto evolutionary algorithm (SPEA2), multi-objective particle swarm optimization (MOPSO), and multiobjective self-adaptive differential evolution (MOSADE), the proposed SFMOFOA has better or competitive multiobjective optimization performance

Stochastic Fractal Based Multiobjective Fruit Fly Optimization

The fruit fly optimization algorithm (FOA) is a global optimization algorithm inspired by the foraging behavior of a fruit fly swarm. In this study, a novel stochastic fractal model based fruit fly optimization algorithm is proposed for multiobjective optimization. A food source generating method based on a stochastic fractal with an adaptive parameter updating strategy is introduced to improve the convergence performance of the fruit fly optimization algorithm. To deal with multiobjective optimization problems, the Pareto domination concept is integrated into the selection process of fruit fly optimization and a novel multiobjective fruit fly optimization algorithm is then developed. Similarly to most of other multiobjective evolutionary algorithms (MOEAs), an external elitist archive is utilized to preserve the nondominated solutions found so far during the evolution, and a normalized nearest neighbor distance based density estimation strategy is adopted to keep the diversity of the external elitist archive. Eighteen benchmarks are used to test the performance of the stochastic fractal based multiobjective fruit fly optimization algorithm (SFMOFOA). Numerical results show that the SFMOFOA is able to well converge to the Pareto fronts of the test benchmarks with good distributions. Compared with four state-of-the-art methods, namely, the non-dominated sorting generic algorithm (NSGA-II), the strength Pareto evolutionary algorithm (SPEA2), multi-objective particle swarm optimization (MOPSO), and multiobjective self-adaptive differential evolution (MOSADE), the proposed SFMOFOA has better or competitive multiobjective optimization performance

Advances in global optimization of high brightness beams

High brightness electron beams play an important role in accelerator-based applications such as driving X-ray free electron laser (FEL) radiation. In this paper, we report on advances in global beam dynamics optimization of an accelerator design using start-to-end simulations and a new parallel multi-objective differential evolution optimization method. The global optimization results in significant improvement of the final electron beam brightness