A λ-cut approximate algorithm for goal-based bilevel risk management systems

Bilevel programming techniques a re developed for decentralised decision problems with decision makers located in two levels. Both upper and lower decision makers, termed as leader and follower, try to optimize their own objectives in solution procedure but are affected by those of the other levels....

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Main Authors: Gao, Y., Zhang, G., Lu, J., Dillon, Tharam S., Zeng, X.
Format: Journal Article
Published: World Scientific Publishing 2008
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/12766
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author Gao, Y.
Zhang, G.
Lu, J.
Dillon, Tharam S.
Zeng, X.
author_facet Gao, Y.
Zhang, G.
Lu, J.
Dillon, Tharam S.
Zeng, X.
author_sort Gao, Y.
building Curtin Institutional Repository
collection Online Access
description Bilevel programming techniques a re developed for decentralised decision problems with decision makers located in two levels. Both upper and lower decision makers, termed as leader and follower, try to optimize their own objectives in solution procedure but are affected by those of the other levels. When a bilevel decision model is built with fuzzy codlicients and the leader and/or follower have goals for their objectives, we call it fuzzy goal bilevel (FGBL) decision problem. This paper first proposes a A-cut set based FGBL model. A programmable A-CUt approximate algorithm is then presented in detail. Based on this algorithm, a FCBL software system is developed to reach solutions for FGBL decision problems. Finally, two examples are given to illustrate the application of the proposed algorithm.
first_indexed 2025-11-14T07:00:45Z
format Journal Article
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institution Curtin University Malaysia
institution_category Local University
last_indexed 2025-11-14T07:00:45Z
publishDate 2008
publisher World Scientific Publishing
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spelling curtin-20.500.11937-127662019-02-19T05:34:47Z A λ-cut approximate algorithm for goal-based bilevel risk management systems Gao, Y. Zhang, G. Lu, J. Dillon, Tharam S. Zeng, X. risk management goal programming: fuzzy sets Bilevel decision making optilllization Bilevel programming techniques a re developed for decentralised decision problems with decision makers located in two levels. Both upper and lower decision makers, termed as leader and follower, try to optimize their own objectives in solution procedure but are affected by those of the other levels. When a bilevel decision model is built with fuzzy codlicients and the leader and/or follower have goals for their objectives, we call it fuzzy goal bilevel (FGBL) decision problem. This paper first proposes a A-cut set based FGBL model. A programmable A-CUt approximate algorithm is then presented in detail. Based on this algorithm, a FCBL software system is developed to reach solutions for FGBL decision problems. Finally, two examples are given to illustrate the application of the proposed algorithm. 2008 Journal Article http://hdl.handle.net/20.500.11937/12766 10.1142/S0219622008003113 World Scientific Publishing fulltext
spellingShingle risk management
goal programming: fuzzy sets
Bilevel decision making
optilllization
Gao, Y.
Zhang, G.
Lu, J.
Dillon, Tharam S.
Zeng, X.
A λ-cut approximate algorithm for goal-based bilevel risk management systems
title A λ-cut approximate algorithm for goal-based bilevel risk management systems
title_full A λ-cut approximate algorithm for goal-based bilevel risk management systems
title_fullStr A λ-cut approximate algorithm for goal-based bilevel risk management systems
title_full_unstemmed A λ-cut approximate algorithm for goal-based bilevel risk management systems
title_short A λ-cut approximate algorithm for goal-based bilevel risk management systems
title_sort λ-cut approximate algorithm for goal-based bilevel risk management systems
topic risk management
goal programming: fuzzy sets
Bilevel decision making
optilllization
url http://hdl.handle.net/20.500.11937/12766