A radial method for optimal mechanism design

Chiang Kao, J. M.Shih Albert

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

The existing solution methods for unconstrained optimization concentrate on single extremal problems. Most of the methods usually converge to the nearest local optimal point from the initial point when applied to a multiple extremal problem. In this paper a radial method is developed which emits a bundle of search directions instead of one direction each time to gain a better chance of reaching the global minimum. Some empirical results show that the radial method usually converges to a better local optimum with a larger amount of computations than other methods. A typical multimodal problem in mechanism design is presented to illustrate how the radial method is able to find a better solution than several other methods.

Original languageEnglish
Pages (from-to)179-186
Number of pages8
JournalEngineering Optimization
Volume20
Issue number3
DOIs
Publication statusPublished - 1992 Dec 1

All Science Journal Classification (ASJC) codes

  • Computer Science Applications
  • Control and Optimization
  • Management Science and Operations Research
  • Industrial and Manufacturing Engineering
  • Applied Mathematics

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