News and events
18 February 2015
Evolutionary Computation for Risk Management
Presented By Dr Lili Yang, Reader, School of Business and Economics, Loughborough University
- N.1.12, Haslegrave Building
About this event
Abstract: Evolutionary computation is a subfield of artificial intelligence, particularly computational intelligence, which involves continuous optimization and search problems. Risk management is the identification, assessment, and response planning of risks followed by coordinated application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events. Risks can come from software failures for IT systems, natural or man-made disasters such as flooding, fire accidents, as well as deliberate attack from terrorists. Based on her first hand experiences, Lili will use her three research projects as case studies to demonstrate how evolutionary computation, particularly genetic algorithms (GA) could be best utilized to achieve the optimal risk management. These three case studies are (a) software integration with minimum software risk, (b) evacuation planning with flood Inundation as Inputs, (c) optimization of fire station locations with multiple objectives. The talk aims to inpsire the multi-disciplinary research between Computer Science and Operational Research.