A Comparative Study on Optimization Algorithms and its efficiency

Abstract: Background: In computer science, optimization can be defined as finding the most cost-effective or notable achievable performance under certain circumstances, maximizing desired factors, and minimizing undesirable results. Many problems in the real world are continuous, and it isn't easy to find global solutions. However, computer technological development increases the speed of computations [1]. The optimization method, an efficient numerical simulator, and a realistic depiction of physical operations that we intend to describe and optimize for any optimization issue are all interconnected components of the optimization process [2]. Objectives: A literature review on existing optimization algorithms is performed. Ten different benchmark functions are considered and are implemented on the existing chosen algorithms like GA (Genetic Algorithm), ACO (Ant ColonyOptimization) Method, and Plant Intelligence Behaviour optimization algorithm to measure the efficiency of these approaches based on the factors or metrics like CPU Time, Optimality, Accuracy, and Mean Best Standard Deviation. Methods: In this research work, a mixed-method approach is used. A literature review is performed based on the existing optimization algorithms. On the other hand, an experiment is conducted by using ten different benchmark functions with the current optimization algorithms like PSO algorithm, ACO algorithm, GA, and PIBO to measure their efficiency based on the four different factors like CPU Time, Optimality, Accuracy, Mean Best Standard Deviation. This tells us which optimization algorithms perform better. Results: The experiment findings are represented within this section. Using the standard functions on the suggested method and other methods, the various metrics like CPU Time, Optimality, Accuracy, and Mean Best Standard Deviation are considered, and the results are tabulated. Graphs are made using the data obtained. Analysis and Discussion: The research questions are addressed based on the experiment's results that have been conducted. Conclusion: We finally conclude the research by analyzing the existing optimization methods and the algorithms' performance. The PIBO performs much better and can be depicted from the results of the optimal metrics, best mean, standard deviation, and accuracy, and has a significant drawback of CPU Time where its time taken is much higher when compared to the PSO algorithm and almost close to GA and performs much better than ACO algorithm.