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What is Efficient Frontier

Chapter 42
Handbook of Research on Nature-Inspired Computing for Economics and Management
Let X E be the set of efficient solutions. The Efficient Frontier (or Pareto Optimal Front) is the set of images (in the criteria space) of the solutions in X E . Let PF E be the efficient frontier defined by .
Published in Chapter:
Solving Facility Location Problems with a Tol for Rapid Development of Multi-Objective Evolutionary Algorithms (MOEAs)
A. L. Medaglia (Universidad de los Andes, Colombia)
Copyright: © 2007 |Pages: 19
DOI: 10.4018/978-1-59140-984-7.ch042
Abstract
The low price of coffee in the international markets has forced the Federación Nacional de Cafeteros de Colombia (FNCC) to look for cost-cutting opportunities. An alternative that has been considered is the reduction of the operating infrastructure by closing some of the FNCC-owned depots. This new proposal of the coffee supplier network is supported by (uncapacitated and capacitated) facility location models that minimize operating costs while maximizing service level (coverage). These bi-objective optimization models are solved by means of NSGA II, a multi-objective evolutionary algorithm (MOEA). From a computational perspective, this chapter presents the multi-objective Java Genetic Algorithm (MO-JGA) framework, a new tool for the rapid development of MOEAs built on top of the Java Genetic Algorithm (JGA). We illustrate MO-JGA by implementing NSGA II-based solutions for the bi-objective location models.
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Chapter 21
An Optimal Asset Allocation in Electricity Generation Market for the Policy Makers and Stakeholders
A line that includes optimal portfolios’ set which offers highest return at the same level of risk and/or lowest risk at the same level of return.
Published in Chapter: An Optimal Asset Allocation in Electricity Generation Market for the Policy Makers and Stakeholders; From: Handbook of Research on Managerial Solutions in Non-Profit Organizations
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Chapter 57
Designing a New Service Overlay on a Carrier Network Using the Efficient Frontier
The frontier represents the lower boundary of a suite of optimal designs. The efficiency of any design is the relationship of the final cost of a design to the frontier. Evaluating the distance any other design outcome is from the efficient frontier gives a measure of how efficient the design is as related to the parameters used in the optimization. The process was first defined for investment portfolio management and later expanded to production management operations.
Published in Chapter: Designing a New Service Overlay on a Carrier Network Using the Efficient Frontier; From: Handbook of Research on Telecommunications Planning and Management for Business
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Chapter 2
Data Envelopment Analysis Advantages and Problems Demonstrated in a University Comparison Study
In DEA, this is a set of decision-making units that are deemed most efficient, serving as a benchmark against which the efficiency of other units is measured.
Published in Chapter: Data Envelopment Analysis Advantages and Problems Demonstrated in a University Comparison Study; From: Data Envelopment Analysis (DEA) Methods for Maximizing Efficiency
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Chapter 1
Determining Expected Utility and Entropy Ratio in the Expected Utility-Entropy Decision Model for Stock Selection Depending on Capital Market Development
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