this paper proposes a novel hybrid algorithm namely apso-bfo which combines merits of bacterial foraging optimization (bfo) algorithm and adaptive particle swarm optimization (apso) algorithm to determine the optimal pid parameters for control of nonlinear systems. to balance between exploration and exploitation, the proposed hybrid algorithm accomplishes global search over the whole search spa...

nowadays, due to inherent complexity of real optimization problems, it has always been a challenging issue to develop a solution algorithm to these problems. single row facility layout problem (srflp) is a np-hard problem of arranging a number of rectangular facilities with varying length on one side of a straight line with aim of minimizing the weighted sum of the distance between all facility...

Lenders’ herding behavior in the peer-to-peer (P2P) lending platform in China is examined. Based on the data from PPdai.com, the largest online P2P lending market in China, we found that herding behavior is salient in P2P lending market in China, and such herding is associated with higher default rate. Keyword: Rational herding, information cascade, peer-to-peer online lending

Microloan markets allow individual borrowers to raise funding from multiple individual lenders. We use a unique panel dataset which tracks the funding dynamics of borrower listings on Prosper.com, the largest microloan market in the United States. We find evidence of rational herding among lenders. Well-funded borrower listings tend to attract more funding after we control for unobserved listin...

This study aims to explore the relationship between the disposition effect and herding behavior of investors trading Taiwanese information technology stocks. This study differs from previous literature in two aspects. First, in contrast with the earlier studies that focused on investigating investors’ herding behavior, this study explores the possibility that the disposition effect drives inves...

the imperialist competitive algorithm (ica) that was recently introduced has shown its good performance in optimization problems. this algorithm is inspired by competition mechanism among imperialists and colonies, in contrast to evolutionary algorithms. this paper presents optimization of bead geometry in welding process using of ica. therefore, two case studies from literature are presented t...

the cuckoo search algorithm is a recently developedmeta-heuristic optimization algorithm, which is suitable forsolving optimization problems. to enhance the accuracy andconvergence rate of this algorithm, an improved cuckoo searchalgorithm is proposed in this paper. normally, the parametersof the cuckoo search are kept constant. this may lead todecreasing the efficiency of the algorithm. to cop...

Based on introducing two optimization algorithms, group search optimization (GSO) algorithm and particle swarm optimization (PSO) algorithm, a new hybrid optimization algorithm which named particle swarm-group search optimization (PS-GSO) algorithm is presented and its application to optimal structural design is analyzed. The PS-GSO is used to investigate the spatial truss structures with discr...

Herding and kernel herding are deterministic methods of choosing samples which summarise a probability distribution. A related task is choosing samples for estimating integrals using Bayesian quadrature. We show that the criterion minimised when selecting samples in kernel herding is equivalent to the posterior variance in Bayesian quadrature. We then show that sequential Bayesian quadrature ca...

Rational herd behavior and informationally efficient security prices have long been considered to be mutually exclusive but for exceptional cases. In this paper we describe conditions on the underlying information structure that are necessary and sufficient for informational herding. Employing a standard sequential security trading model, we argue that people may be subject to herding if and on...