{"id":"https://openalex.org/W2037321792","doi":"https://doi.org/10.1109/cec.2012.6252920","title":"An artificial bee colony algorithm for the cardinality-constrained portfolio optimization problems","display_name":"An artificial bee colony algorithm for the cardinality-constrained portfolio optimization problems","publication_year":2012,"publication_date":"2012-06-01","ids":{"openalex":"https://openalex.org/W2037321792","doi":"https://doi.org/10.1109/cec.2012.6252920","mag":"2037321792"},"language":"en","primary_location":{"id":"doi:10.1109/cec.2012.6252920","is_oa":false,"landing_page_url":"https://doi.org/10.1109/cec.2012.6252920","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2012 IEEE Congress on Evolutionary Computation","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5058219253","display_name":"Angela H. L. Chen","orcid":null},"institutions":[{"id":"https://openalex.org/I4210128366","display_name":"Zhen Ding Technology (Taiwan)","ror":"https://ror.org/02jqc2b23","country_code":"TW","type":"company","lineage":["https://openalex.org/I4210128366"]}],"countries":["TW"],"is_corresponding":true,"raw_author_name":"Angela H. L. Chen","raw_affiliation_strings":["Department of Finance, Taoyuan Innovation Institute of Technology, Taoyuan, Taiwan","[Department of Finance, Taoyuan Innovation Institute of Technology, Taiwan]"],"affiliations":[{"raw_affiliation_string":"Department of Finance, Taoyuan Innovation Institute of Technology, Taoyuan, Taiwan","institution_ids":["https://openalex.org/I4210128366"]},{"raw_affiliation_string":"[Department of Finance, Taoyuan Innovation Institute of Technology, Taiwan]","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5082345507","display_name":"Yun-Chia Liang","orcid":"https://orcid.org/0000-0002-0375-0830"},"institutions":[{"id":"https://openalex.org/I99908691","display_name":"Yuan Ze University","ror":"https://ror.org/01fv1ds98","country_code":"TW","type":"education","lineage":["https://openalex.org/I99908691"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Yun-Chia Liang","raw_affiliation_strings":["Department of Industrial Engineering and Management, Yuan Ze University, Taoyuan, Taiwan"],"affiliations":[{"raw_affiliation_string":"Department of Industrial Engineering and Management, Yuan Ze University, Taoyuan, Taiwan","institution_ids":["https://openalex.org/I99908691"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5083346044","display_name":"Chia-Chien Liu","orcid":null},"institutions":[{"id":"https://openalex.org/I99908691","display_name":"Yuan Ze University","ror":"https://ror.org/01fv1ds98","country_code":"TW","type":"education","lineage":["https://openalex.org/I99908691"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Chia-Chien Liu","raw_affiliation_strings":["Department of Industrial Engineering and Management, Yuan Ze University, Taoyuan, Taiwan"],"affiliations":[{"raw_affiliation_string":"Department of Industrial Engineering and Management, Yuan Ze University, Taoyuan, Taiwan","institution_ids":["https://openalex.org/I99908691"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5058219253"],"corresponding_institution_ids":["https://openalex.org/I4210128366"],"apc_list":null,"apc_paid":null,"fwci":2.9969,"has_fulltext":false,"cited_by_count":33,"citation_normalized_percentile":{"value":0.91430918,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":98},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10100","display_name":"Metaheuristic Optimization Algorithms Research","score":0.9995999932289124,"subfield":{"id":"https://openalex.org/subfields/1702","display_name":"Artificial Intelligence"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10100","display_name":"Metaheuristic Optimization Algorithms Research","score":0.9995999932289124,"subfield":{"id":"https://openalex.org/subfields/1702","display_name":"Artificial Intelligence"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.998199999332428,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12101","display_name":"Advanced Bandit Algorithms Research","score":0.9943000078201294,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.665138304233551},{"id":"https://openalex.org/keywords/tabu-search","display_name":"Tabu search","score":0.6409245133399963},{"id":"https://openalex.org/keywords/artificial-bee-colony-algorithm","display_name":"Artificial bee colony algorithm","score":0.6257675886154175},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.6220618486404419},{"id":"https://openalex.org/keywords/simulated-annealing","display_name":"Simulated annealing","score":0.6069178581237793},{"id":"https://openalex.org/keywords/metaheuristic","display_name":"Metaheuristic","score":0.5962042808532715},{"id":"https://openalex.org/keywords/cardinality","display_name":"Cardinality (data modeling)","score":0.571023166179657},{"id":"https://openalex.org/keywords/portfolio","display_name":"Portfolio","score":0.5084935426712036},{"id":"https://openalex.org/keywords/portfolio-optimization","display_name":"Portfolio optimization","score":0.48267701268196106},{"id":"https://openalex.org/keywords/bees-algorithm","display_name":"Bees algorithm","score":0.45816001296043396},{"id":"https://openalex.org/keywords/optimization-problem","display_name":"Optimization problem","score":0.4533410370349884},{"id":"https://openalex.org/keywords/algorithm","display_name":"Algorithm","score":0.34853535890579224},{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"Artificial intelligence","score":0.34019017219543457},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.24242237210273743},{"id":"https://openalex.org/keywords/data-mining","display_name":"Data mining","score":0.17943507432937622}],"concepts":[{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.665138304233551},{"id":"https://openalex.org/C123370116","wikidata":"https://www.wikidata.org/wiki/Q1424540","display_name":"Tabu search","level":2,"score":0.6409245133399963},{"id":"https://openalex.org/C97133563","wikidata":"https://www.wikidata.org/wiki/Q4801057","display_name":"Artificial bee colony algorithm","level":2,"score":0.6257675886154175},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.6220618486404419},{"id":"https://openalex.org/C126980161","wikidata":"https://www.wikidata.org/wiki/Q863783","display_name":"Simulated annealing","level":2,"score":0.6069178581237793},{"id":"https://openalex.org/C109718341","wikidata":"https://www.wikidata.org/wiki/Q1385229","display_name":"Metaheuristic","level":2,"score":0.5962042808532715},{"id":"https://openalex.org/C87117476","wikidata":"https://www.wikidata.org/wiki/Q362383","display_name":"Cardinality (data modeling)","level":2,"score":0.571023166179657},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5084935426712036},{"id":"https://openalex.org/C202655437","wikidata":"https://www.wikidata.org/wiki/Q7231728","display_name":"Portfolio optimization","level":3,"score":0.48267701268196106},{"id":"https://openalex.org/C143574069","wikidata":"https://www.wikidata.org/wiki/Q3497720","display_name":"Bees algorithm","level":3,"score":0.45816001296043396},{"id":"https://openalex.org/C137836250","wikidata":"https://www.wikidata.org/wiki/Q984063","display_name":"Optimization problem","level":2,"score":0.4533410370349884},{"id":"https://openalex.org/C11413529","wikidata":"https://www.wikidata.org/wiki/Q8366","display_name":"Algorithm","level":1,"score":0.34853535890579224},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.34019017219543457},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.24242237210273743},{"id":"https://openalex.org/C124101348","wikidata":"https://www.wikidata.org/wiki/Q172491","display_name":"Data mining","level":1,"score":0.17943507432937622},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.0},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/cec.2012.6252920","is_oa":false,"landing_page_url":"https://doi.org/10.1109/cec.2012.6252920","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2012 IEEE Congress on Evolutionary Computation","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":34,"referenced_works":["https://openalex.org/W1486678819","https://openalex.org/W1516760870","https://openalex.org/W1966132900","https://openalex.org/W2000435640","https://openalex.org/W2001887873","https://openalex.org/W2003584395","https://openalex.org/W2003819217","https://openalex.org/W2014426727","https://openalex.org/W2070156190","https://openalex.org/W2075879859","https://openalex.org/W2089559114","https://openalex.org/W2090812374","https://openalex.org/W2111951371","https://openalex.org/W2113188547","https://openalex.org/W2122510010","https://openalex.org/W2126105956","https://openalex.org/W2129143056","https://openalex.org/W2139755682","https://openalex.org/W2140898153","https://openalex.org/W2143560894","https://openalex.org/W2144317842","https://openalex.org/W2151237529","https://openalex.org/W2159318931","https://openalex.org/W2162397932","https://openalex.org/W2165171393","https://openalex.org/W2165627952","https://openalex.org/W2166907582","https://openalex.org/W2169064301","https://openalex.org/W2170481066","https://openalex.org/W2287814884","https://openalex.org/W2950156543","https://openalex.org/W3026988627","https://openalex.org/W4236670843","https://openalex.org/W6628891989"],"related_works":["https://openalex.org/W2053666994","https://openalex.org/W2944955692","https://openalex.org/W2578377283","https://openalex.org/W2362117675","https://openalex.org/W3210744354","https://openalex.org/W2910498577","https://openalex.org/W2930891413","https://openalex.org/W1634182863","https://openalex.org/W1560921077","https://openalex.org/W2093505798"],"abstract_inverted_index":{"When":[0],"conventional":[1],"methods":[2,13,145],"have":[3],"become":[4],"insufficient":[5],"to":[6,76],"handle":[7],"computationally":[8],"complicated":[9],"problems,":[10],"nature-inspired":[11],"optimization":[12,37,83],"were":[14],"proposed":[15,63,114],"and":[16,31,39,73,97,105,140,160],"widely":[17],"accepted":[18],"in":[19,33,146,155],"recent":[20],"years.":[21],"In":[22],"this":[23,60],"work,":[24],"we":[25],"investigate":[26],"the":[27,48,54,78,81,101,110,113,125,147],"trade-off":[28],"between":[29],"risk":[30],"return":[32],"a":[34,67],"cardinality-constrained":[35],"portfolio":[36,82,174],"problem":[38],"applied":[40],"an":[41],"artificial":[42],"bee":[43],"colony":[44],"(ABC)":[45],"method":[46],"as":[47],"solution":[49],"approach.":[50],"It":[51],"would":[52],"be":[53],"first":[55],"attempt":[56],"of":[57,80,87,92,103,112,129,157],"ABC":[58,64,115,130,152,169],"on":[59,117,173],"application.":[61],"The":[62,85,107],"algorithm":[65,116],"employs":[66],"hybrid":[68],"encoding":[69],"that":[70,99,151],"mixes":[71],"integer":[72],"real":[74],"variables":[75],"fulfill":[77],"characteristic":[79],"problem.":[84],"generation":[86],"solutions":[88],"involves":[89],"three":[90,164],"groups":[91],"bees:":[93],"employed":[94],"bees,":[95],"onlooker":[96],"scouts":[98],"balance":[100],"effects":[102],"exploration":[104],"exploitation.":[106],"study":[108],"tests":[109],"performance":[111],"four":[118],"global":[119],"stock":[120],"market":[121],"indexes":[122],"provided":[123],"by":[124],"OR-Library.":[126],"Computational":[127],"results":[128],"are":[131],"compared":[132],"with":[133],"simulated":[134],"annealing":[135],"(SA),":[136],"tabu":[137],"search":[138,143],"(TS),":[139],"variable":[141],"neighborhood":[142],"(VNS)":[144],"literature.":[148],"Evidences":[149],"indicate":[150],"performs":[153],"better":[154],"terms":[156],"diversity,":[158],"convergence,":[159],"effectiveness":[161],"among":[162],"all":[163],"test":[165],"data":[166],"sets;":[167],"therefore,":[168],"demonstrates":[170],"its":[171],"potential":[172],"optimization.":[175]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":2},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":5},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":2}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}