The Quasi-Normal Direction (QND) Method: An Efficient Method for Finding the Pareto Frontier in Multi-Objective Optimization Problems
Message:
Abstract:
In managerial and economic applications, there appear problems in which the goal is to simultaneously optimize several criteria functions (CFs). However, since the CFs are in conflict with each other in such cases, there is not a feasible point available at which all CFs could be optimized simultaneously. Thus, in such cases, a set of points, referred to as 'non-dominate' points (NDPs), will be encountered that are ineffective in relation to each other. In order to find such NDPs, many methods including the scalarization techniques have been proposed, each with their advantages and disadvantages. A comprehensive approach with scalarization perspective is the PS method of Pascoletti and Serafini. The PS method uses the two parameters of  as the starting point and  as the direction of motion to find the NDPs on the 'non-dominate' frontier (NDF). In bi-objective cases, the point  is selected on a special line, and changing point on this line leads to finding all the NDPs. Generalization of this approach is very difficult to three- or more-criteria optimization problems because any closed pointed cone in a three- or more-dimensional space is not like a two-dimensional space of a polygonal cone. Moreover, even for multifaceted cones, the method cannot be generalized, and inevitably weaker constraints must be used in the assumptions of the method. In order to overcome such problems of the PS method, instead of a hyperplane (two-dimensional line), a hypersphere is applied in the current paper, and the parameter  is changed over its boundary. The generalization of the new method for more than two criteria problems is simply carried out, and the examples, provided along with their comparisons with methods such as mNBI and NC, ensure the efficiency of the method. A case study in the realm of health care management (HCM) including two conflicting CFs with special constraints is also presented as an exemplar application of the proposed method.
Article Type:
Research/Original Article
Language:
English
Published:
Iranian Journal of Management Studies, Volume:12 Issue: 3, 2019
Pages:
379 - 404
magiran.com/p2003768  
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