Optimizing Chance Constraint Multiple-Objective Fractional Mathematical Programming Problem Involving Dependent Random Variable

This manuscript suggests a methodology to solve chance constraint multiple-objective linear fractional mathematical programming problem in which the parameters are dependent random variables to each other. The proposed problem is formulated by taking few of the parameters as continuous dependent ran...

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Vydáno v:Kragujevac Journal of Mathematics Ročník 49; číslo 2; s. 239 - 252
Hlavní autoři: BELAY, BERHANU, ACHARYA, SRIKUMAR
Médium: Journal Article
Jazyk:angličtina
Vydáno: 2025
ISSN:1450-9628, 2406-3045
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Shrnutí:This manuscript suggests a methodology to solve chance constraint multiple-objective linear fractional mathematical programming problem in which the parameters are dependent random variables to each other. The proposed problem is formulated by taking few of the parameters as continuous dependent random variables. The proposed model cannot be solved directly by using existing methodology. Thus in order to solve the proposed model, an equivalent deterministic model is derived. The procedure to solve the proposed model is accomplished in two main steps. Initially, the proposed multiple-objective chance constraint linear fractional mathematical problem is transformed to deterministic equivalent multiple-objective linear fractional mathematical programming by the help of chance constrained method. In the second step, multiple-objective functions, which consist of fractional functions is solved by using lexicographic programming approach. Finally, an example is mentioned to illustrate the methodology.
ISSN:1450-9628
2406-3045
DOI:10.46793/KgJMat2502.239B