Modeling and Solving Alternative Financial Solutions Seeking

TL;DR

This paper introduces a genetic algorithm-based method for optimizing multi-year budgets in local community finance, enabling decision-makers to select from a range of feasible financial plans with satisfactory results.

Contribution

It presents a novel systemic model of local finances combined with a genetic algorithm to generate acceptable multi-year budgets for decision-making.

Findings

Method performs well on simplified and operational cases

Provides a collection of admissible budgets for decision-makers

Achieves satisfactory optimization results

Abstract

In this paper we build a method to optimize Multi-Year Prospective Budgets. First we present a systemic model of Local Community Finances. Then, from two acceptable Multi-Year Prospective Budgets the method implements a Genetic Algorithm to generate a collection of admissible Multi-Year Prospective Budgets among which Decision-Makers can choose. The method is tested on simplified cases and on in operational situation and gives satisfactory results.