Journal of Applied Data Sciences
Vol 4, No 2: MAY 2023

Optimization of Decision Support System in Investment Risk Management with Firefly Algorithm

Sopandi, Ajang (Unknown)



Article Info

Publish Date
02 Mar 2023

Abstract

This research focuses on optimizing the decision support system in investment risk management using Firefly Algorithm. The data used in this research is obtained from the Kaggle repository. The research aims to compare the performance of Firefly Algorithm with other optimization algorithms such as Genetic Algorithm, Particle Swarm Optimization, and Simulated Annealing. This research applies Firefly Algorithm and other optimization algorithms individually to the investment risk management system to analyze and compare their performance. The results show that Firefly Algorithm outperforms other optimization algorithms in terms of finding optimal solutions and minimizing investment risk. Firefly Algorithm can effectively identify the best investment options to avoid risks, which can bring significant benefits to investors and companies. The findings of this study show that Firefly Algorithm can be a useful tool in the investment risk management system. The application of Firefly Algorithm in the investment risk management decision-making process can improve decision-making and help investors avoid risks and maximize their profits. The novelty of this research is the application of the Firefly algorithm to optimize the decision support system in investment risk management. It aims to identify the best option in avoiding investment risk and maximizing profit. In addition, this research also compares the performance of the Firefly algorithm with other algorithms such as Genetic Algorithm, Particle Swarm Optimization, and Simulated Annealing in solving optimization problems in the investment field.

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Journal Info

Abbrev

JADS

Publisher

Subject

Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management

Description

One of the current hot topics in science is data: how can datasets be used in scientific and scholarly research in a more reliable, citable and accountable way? Data is of paramount importance to scientific progress, yet most research data remains private. Enhancing the transparency of the processes ...