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Re‐evaluation of the Optimal Operating Conditions for the Primary End of an Integrated Steel Plant using Multi‐objective Genetic Algorithms and Nash Equilibrium
Author(s) -
Hodge BriMathias,
Pettersson Frank,
Chakraborti Nirupam
Publication year - 2006
Publication title -
steel research international
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.603
H-Index - 49
eISSN - 1869-344X
pISSN - 1611-3683
DOI - 10.1002/srin.200606415
Subject(s) - pellets , genetic algorithm , mathematical optimization , work (physics) , nash equilibrium , computer science , algorithm , process engineering , engineering , mathematics , mechanical engineering , materials science , composite material
Some existing work on optimizing the operational cost of the primary end of an integrated steel plant containing two blast furnaces utilizing both pellets and sinters, an electric furnace and a basic oxygen furnace was further advanced using a multi‐objective genetic algorithm, along with a Nash equilibrium analysis. The new formulation was able to improve the earlier results very significantly, suggesting the efficacy of the multi‐objective approach over the more conventional single objective genetic algorithms.