What is Multi Objective Optimization

The field of evolutionary computation forms one of the tenets of the soft computing paradigm, which aims at deriving at some possible global optimal solutions to search problems. The field of industrial informatics, being an emergent field, faces tremendous data explosion and associated challenges of data redundancies and inconsistencies. Different evolutionary algorithms have been put to use to evolve intelligence out of redundancies immanent in industrial databases. Industrial portfolio management has been a much-talked affair nowadays, thanks to the evolving fields of data intelligent management and archival techniques. An overview of the different facets of evolutionary algorithms and their role in imbibing human intelligence in data management and retrieval is presented with regards to its application in the optimization of a collection of financial portfolio instruments.