Pai, G. A. Vijayalakshmi; Michel, Thierry - In: International Journal of Applied Metaheuristic … 8 (2017) 1, pp. 1-23
Classical Particle Swarm Optimization (PSO) that has been attempted for the solution of complex constrained portfolio optimization problem in finance, despite its noteworthy track record, suffers from the perils of getting trapped in local optima yielding inferior solutions and unrealistic time...