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Open Access
Article
Publication date: 29 December 2017

Prasenjit Dey, Aniruddha Bhattacharya and Priyanath Das

This paper reports a new technique for achieving optimized design for power system stabilizers. In any large scale interconnected systems, disturbances of small magnitudes are…

1738

Abstract

This paper reports a new technique for achieving optimized design for power system stabilizers. In any large scale interconnected systems, disturbances of small magnitudes are very common and low frequency oscillations pose a major problem. Hence small signal stability analysis is very important for analyzing system stability and performance. Power System Stabilizers (PSS) are used in these large interconnected systems for damping out low-frequency oscillations by providing auxiliary control signals to the generator excitation input. In this paper, collective decision optimization (CDO) algorithm, a meta-heuristic approach based on the decision making approach of human beings, has been applied for the optimal design of PSS. PSS parameters are tuned for the objective function, involving eigenvalues and damping ratios of the lightly damped electromechanical modes over a wide range of operating conditions. Also, optimal locations for PSS placement have been derived. Comparative study of the results obtained using CDO with those of grey wolf optimizer (GWO), differential Evolution (DE), Whale Optimization Algorithm (WOA) and crow search algorithm (CSA) methods, established the robustness of the algorithm in designing PSS under different operating conditions.

Details

Applied Computing and Informatics, vol. 16 no. 1/2
Type: Research Article
ISSN: 2634-1964

Keywords

Article
Publication date: 1 March 2006

Allan D. Barton

The purpose of this paper is to examine the concept, need and requirements for accountability in the public sector, and how the use of outsourcing activities on a…

5209

Abstract

Purpose

The purpose of this paper is to examine the concept, need and requirements for accountability in the public sector, and how the use of outsourcing activities on a commercial‐in‐confidence basis negates the accountability requirement and can lead to inefficiency. This thereby negates the major benefit claimed for outsourcing.

Design/methodology/approach

The paper adopts a normative approach based on political science and economic theory to analyse the concept of accountability and its ramifications. It uses the redevelopment of a public football stadium as a case study to illustrate the consequences of commercial‐in‐confidence outsourcing.

Findings

The postulated consequences are confirmed by the case study.

Research limitations/implications

Information about potential problems generally becomes available only after the event when it is too late to correct the problems. However the analysis and empirical evidence have important implications for policy making to curtail the practice.

Originality/value

The paper highlights the importance of freely available information concerning public sector operations to help ensure efficiency in resource use. It is the public sector counterpart to Adam Smith's “invisible hand” which brings about efficiency in private sector markets.

Details

Accounting, Auditing & Accountability Journal, vol. 19 no. 2
Type: Research Article
ISSN: 0951-3574

Keywords

Article
Publication date: 11 January 2016

Zaiwu Gong, Xiaoxia Xu, Jeffrey Forrest and Yingjie Yang

The purpose of this paper is to construct an optimal resource reallocation model of the limited resource by a moderator for reaching the greatest consensus, and show how to…

Abstract

Purpose

The purpose of this paper is to construct an optimal resource reallocation model of the limited resource by a moderator for reaching the greatest consensus, and show how to reallocate the limited resources by using optimization methodology once the consensus opinion is reached. Moreover, this paper also devotes to theoretically exploring when or what is the condition that the group decision-making (GDM) system is stable; and when new opinions enter into the GDM, how the level of consensus changes.

Design/methodology/approach

By minimizing the differences between the individuals’ opinions and the collective consensus opinion, this paper constructs a consensus optimization model and shows that the objective weights of the individuals are actually the optimal solution to this model.

Findings

If all individual deviations of the decision makers (DMs) from the consensus balance each other out, the information entropy theorem shows this GDM is most stable, and economically each individual DM gets the same optimal unit of compensation. Once the consensus opinion is determined and each individual opinion of the DMs is under an acceptable consensus level, the consensus is still acceptable even if additional DMs are added, and the moderator’s cost is still no more than a fixed upper limitation.

Originality/value

The optimization model based on acceptable consensus is constructed in this paper, and its economic significance, including the theoretical and practical significance, is emphatically analyzed: it is shown that the weight information of the optimization model carries important economic significance. Besides, some properties of the proposed model are discussed by analyzing its particular solutions: the stability of the consensus system is explored by introducing information entropy theory and variance distribution; in addition, the effect of adding new DMs on the stability of the acceptable consensus system is discussed by analyzing the convergence of consensus level: it is also built up the condition that once the consensus opinion is determined, the consensus degree will not decrease even when additional DMs are added to the GDM.

Details

Kybernetes, vol. 45 no. 1
Type: Research Article
ISSN: 0368-492X

Keywords

Open Access
Article
Publication date: 24 June 2021

Paolo Canonico, Ernesto De Nito, Vincenza Esposito, Gerarda Fattoruso, Mario Pezzillo Iacono and Gianluigi Mangia

The paper focuses on how knowledge visualization supports the development of a particular multiobjective decision-making problem as a portfolio optimization problem in the context…

2246

Abstract

Purpose

The paper focuses on how knowledge visualization supports the development of a particular multiobjective decision-making problem as a portfolio optimization problem in the context of interorganizational collaboration between universities and a large automotive company. This paper fits with the emergent knowledge visualization literature because it helps to explain decision-making related to the development of a multiobjective optimization model in Lean Product Development settings. We investigate how using ad hoc visual tools supports knowledge translation and knowledge sharing, enhancing managerial judgment and decision-making.

Design/methodology/approach

The empirical case in this study concerns the setting up of a multiobjective decision-making model as a portfolio optimization problem to analyze and select alternatives for upgrading the lean production process quality at an FCA plant.

Findings

The study shows how knowledge visualization and the associated tools work to enable knowledge translation and knowledge sharing, supporting decision-making. The empirical findings show why and how knowledge visualization can be used to foster knowledge translation and sharing among individuals and from individuals to groups. Knowledge visualization is understood as both a collective and interactional process and a systematic approach where different players translate their expertise, share a framework and develop common ground to support decision-making.

Originality/value

From a theoretical perspective, the paper expands the understanding of knowledge visualization as a system of practices that support the development of a multiobjective decision-making method. From an empirical point of view, our results may be useful to other firms in the automotive industry and for academics wishing to develop applied research on portfolio optimization.

Details

Management Decision, vol. 60 no. 4
Type: Research Article
ISSN: 0025-1747

Keywords

Open Access
Article
Publication date: 11 April 2018

Chao Yu, Yueting Chai and Yi Liu

Collective intelligence has drawn many scientists’ attention in many centuries. This paper shows the collective intelligence study process in a perspective of crowd science.

6399

Abstract

Purpose

Collective intelligence has drawn many scientists’ attention in many centuries. This paper shows the collective intelligence study process in a perspective of crowd science.

Design/methodology/approach

After summarizing the time-order process of related researches, different points of views on collective intelligence’s measurement and their modeling methods were outlined.

Findings

The authors show the recent research focusing on collective intelligence optimization. The studies on application of collective intelligence and its future potential are also discussed.

Originality/value

This paper will help researchers in crowd science have a better picture of this highly related frontier interdiscipline.

Details

International Journal of Crowd Science, vol. 2 no. 1
Type: Research Article
ISSN: 2398-7294

Keywords

Book part
Publication date: 1 November 2007

Irina Farquhar and Alan Sorkin

This study proposes targeted modernization of the Department of Defense (DoD's) Joint Forces Ammunition Logistics information system by implementing the optimized innovative…

Abstract

This study proposes targeted modernization of the Department of Defense (DoD's) Joint Forces Ammunition Logistics information system by implementing the optimized innovative information technology open architecture design and integrating Radio Frequency Identification Device data technologies and real-time optimization and control mechanisms as the critical technology components of the solution. The innovative information technology, which pursues the focused logistics, will be deployed in 36 months at the estimated cost of $568 million in constant dollars. We estimate that the Systems, Applications, Products (SAP)-based enterprise integration solution that the Army currently pursues will cost another $1.5 billion through the year 2014; however, it is unlikely to deliver the intended technical capabilities.

Details

The Value of Innovation: Impact on Health, Life Quality, Safety, and Regulatory Research
Type: Book
ISBN: 978-1-84950-551-2

Article
Publication date: 10 January 2020

Waqar Ahmed Khan, S.H. Chung, Muhammad Usman Awan and Xin Wen

The purpose of this paper is three-fold: to review the categories explaining mainly optimization algorithms (techniques) in that needed to improve the generalization performance…

Abstract

Purpose

The purpose of this paper is three-fold: to review the categories explaining mainly optimization algorithms (techniques) in that needed to improve the generalization performance and learning speed of the Feedforward Neural Network (FNN); to discover the change in research trends by analyzing all six categories (i.e. gradient learning algorithms for network training, gradient free learning algorithms, optimization algorithms for learning rate, bias and variance (underfitting and overfitting) minimization algorithms, constructive topology neural networks, metaheuristic search algorithms) collectively; and recommend new research directions for researchers and facilitate users to understand algorithms real-world applications in solving complex management, engineering and health sciences problems.

Design/methodology/approach

The FNN has gained much attention from researchers to make a more informed decision in the last few decades. The literature survey is focused on the learning algorithms and the optimization techniques proposed in the last three decades. This paper (Part II) is an extension of Part I. For the sake of simplicity, the paper entitled “Machine learning facilitated business intelligence (Part I): Neural networks learning algorithms and applications” is referred to as Part I. To make the study consistent with Part I, the approach and survey methodology in this paper are kept similar to those in Part I.

Findings

Combining the work performed in Part I, the authors studied a total of 80 articles through popular keywords searching. The FNN learning algorithms and optimization techniques identified in the selected literature are classified into six categories based on their problem identification, mathematical model, technical reasoning and proposed solution. Previously, in Part I, the two categories focusing on the learning algorithms (i.e. gradient learning algorithms for network training, gradient free learning algorithms) are reviewed with their real-world applications in management, engineering, and health sciences. Therefore, in the current paper, Part II, the remaining four categories, exploring optimization techniques (i.e. optimization algorithms for learning rate, bias and variance (underfitting and overfitting) minimization algorithms, constructive topology neural networks, metaheuristic search algorithms) are studied in detail. The algorithm explanation is made enriched by discussing their technical merits, limitations, and applications in their respective categories. Finally, the authors recommend future new research directions which can contribute to strengthening the literature.

Research limitations/implications

The FNN contributions are rapidly increasing because of its ability to make reliably informed decisions. Like learning algorithms, reviewed in Part I, the focus is to enrich the comprehensive study by reviewing remaining categories focusing on the optimization techniques. However, future efforts may be needed to incorporate other algorithms into identified six categories or suggest new category to continuously monitor the shift in the research trends.

Practical implications

The authors studied the shift in research trend for three decades by collectively analyzing the learning algorithms and optimization techniques with their applications. This may help researchers to identify future research gaps to improve the generalization performance and learning speed, and user to understand the applications areas of the FNN. For instance, research contribution in FNN in the last three decades has changed from complex gradient-based algorithms to gradient free algorithms, trial and error hidden units fixed topology approach to cascade topology, hyperparameters initial guess to analytically calculation and converging algorithms at a global minimum rather than the local minimum.

Originality/value

The existing literature surveys include comparative study of the algorithms, identifying algorithms application areas and focusing on specific techniques in that it may not be able to identify algorithms categories, a shift in research trends over time, application area frequently analyzed, common research gaps and collective future directions. Part I and II attempts to overcome the existing literature surveys limitations by classifying articles into six categories covering a wide range of algorithm proposed to improve the FNN generalization performance and convergence rate. The classification of algorithms into six categories helps to analyze the shift in research trend which makes the classification scheme significant and innovative.

Details

Industrial Management & Data Systems, vol. 120 no. 1
Type: Research Article
ISSN: 0263-5577

Keywords

Book part
Publication date: 5 October 2018

Nasir Bedewi Siraj, Aminah Robinson Fayek and Mohamed M. G. Elbarkouky

Most decision-making problems in construction are complex and difficult to solve, as they involve multiple criteria and multiple decision makers in addition to subjective…

Abstract

Most decision-making problems in construction are complex and difficult to solve, as they involve multiple criteria and multiple decision makers in addition to subjective uncertainties, imprecisions and vagueness surrounding the decision-making process. In many instances, the decision-making process is based on linguistic terms rather than numerical values. Hence, structured fuzzy consensus-reaching processes and fuzzy aggregation methods are instrumental in multi-criteria group decision-making (MCGDM) problems for capturing the point of view of a group of experts. This chapter outlines different fuzzy consensus-reaching processes and fuzzy aggregation methods. It presents the background of the basic theory and formulation of these processes and methods, as well as numerical examples that illustrate their theory and formulation. Application areas of fuzzy consensus reaching and fuzzy aggregation in the construction domain are identified, and an overview of previously developed frameworks for fuzzy consensus reaching and fuzzy aggregation is provided. Finally, areas for future work are presented that highlight emerging trends and the imminent needs of fuzzy consensus reaching and fuzzy aggregation in the construction domain.

Details

Fuzzy Hybrid Computing in Construction Engineering and Management
Type: Book
ISBN: 978-1-78743-868-2

Keywords

Article
Publication date: 14 March 2016

Zhengxuan JIA

With increasing demand of localization service in challenging environments where Global Navigation Satellite Systems (GNSS) signals are considerably weak, a powerful approach, the…

Abstract

Purpose

With increasing demand of localization service in challenging environments where Global Navigation Satellite Systems (GNSS) signals are considerably weak, a powerful approach, the collective detection (CD), has been developed. However, traditional CD techniques are computationally intense due to the large clock bias search space. Therefore, the purpose of this paper is to develop a new scheme of CD with less computational burden, in order to accelerate the detection and location process.

Design/methodology/approach

This paper proposes a new scheme of CD. It reformulates the problem of GNSS signal detection as an optimization problem, and solves it with the aid of an improved Pigeon-Inspired Optimization (PIO). With the improved PIO algorithm adopted, the positioning algorithm arrives to evaluate only a part of the points in the search space, avoiding the problems of grid-search method which is universally adopted.

Findings

Faced with the complex optimization problem, the improved PIO algorithm proves to have good performance. In the acquisition of simulated and real signals, the proposed scheme of CD with the improved PIO algorithm also have better efficiency, precision and stability than traditional CD algorithm. Besides, the improved PIO algorithm also proves to be a better candidate to be integrated into the proposed scheme than particle swarm optimization, differential evolution and PIO.

Originality/value

The novelty associated with this paper is the proposition of the new scheme of CD and the improvement of PIO algorithm. Thus, this paper introduces another possibility to ameliorate the traditional CD.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 9 no. 1
Type: Research Article
ISSN: 1756-378X

Keywords

Article
Publication date: 6 March 2017

Xiaodong Wang and Jianfeng Cai

For some specific multi-criteria decision-making (MCDM) problems, especially in emergency situations, because of the feature of criteria and other fuzzy factors, it is more…

Abstract

Purpose

For some specific multi-criteria decision-making (MCDM) problems, especially in emergency situations, because of the feature of criteria and other fuzzy factors, it is more appropriate that values of different criteria are expressed in their correspondingly appropriate value types. The purpose of this paper is to build a multi-criteria group decision-making (MCGDM) model dealing with heterogeneous information based on distance-based VIKOR to solve emergency supplier selection in practice appropriately and flexibly, where a compromise solution is more acceptable and suitable.

Design/methodology/approach

This paper extends the classical VIKOR to a generalized distance-based VIKOR to handle heterogeneous information containing crisp number, interval number, intuitionistic fuzzy number and hesitant fuzzy linguistic value, and develops an MCGDM model based on the distance-based VIKOR to handle the multi-criteria heterogeneous information in practice. This paper also introduces a parameter called non-fuzzy degree for each type of heterogeneous value to moderate the computation on aggregating heterogeneous hybrid distances.

Findings

The proposed distance-based model can handle the heterogeneous information appropriately and flexibly because the computational process is directly operated on the heterogeneous information based on generalized distance without a transformation process, which can improve the decision-making efficiency and reduce information loss. An example of emergency supplier selection is given to illustrate the proposed method.

Originality/value

This paper develops an MCGDM model based on the distance-based VIKOR to handle heterogeneous information appropriately and flexibly. In emergency supplier selection situations, the proposed decision-making model allows the decision-makers to express their judgments on criteria in their appropriate value types.

1 – 10 of over 4000