Multi-Objective Optimization

Abstract

In previous chapters, only single objective tasks were addressed. However, multiple goals are common in real-world domains. For instance, a company typically desires to increase sales while reducing production costs. Within its marketing department, the goal might include maximizing target audiences while minimizing the marketing budget. Also, within the production department, the same company might want to maximize the manufactured items, in terms of both quality and production numbers, while minimizing production time, costs, and waste of material. Often, the various objectives can conflict, where gaining in one goal involves losing in another one.