Examples of the Application of Loops

Part of the International Series in Operations Research & Management Science book series (ISOR, volume 33)


In this chapter, six sample applications of MC-LOOPS, the multicriteria extension of LOOPS, will be discussed. Three of them deal with financial investments, i.e. stock investments, and help to sketch possible applications of LOOPS in practice and related questions. The other three sample applications are motivated mainly by methodological issues and serve the discussion of the learning process specific to a method and the meta learning. Besides these examples, the system has been applied to various other sample problems for test reasons. A quite extensive application1 where parts of an earlier version of LOOPS have been used concerns the analysis of a problem in game theory, the iterated prisoners’ dilemma, under evolutionary terms. Using an evolutionary algorithm, the applied game strategies (= methods) are optimized. In this application, the games are represented by a problem class.


Utility Function Evolutionary Algorithm Learning Data MCDM Method Simple Additive Weighting 
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© Springer Science+Business Media New York 2001

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