Nash-lambda algorithm with applications in safety and reliability

In this paper, a new algorithm, named as Nash-lambda algorithm by merging Nash equilibrium solution and the lambda algorithm, is proposed. The lambda algorithm, a new global optimization algorithm, is created by imitating ancient Chinese human body system model, which has already demonstrated its simplicity in searching scheme, codes and efficiency in computation comparing to the genetic algorithm. The noncorporative game environments determine the optimization problems which are different from those of the traditional safety and reliability optimizations because of the engagement of the Nash equilibrium for seeking the best strategy. The lambda algorithm serves the searching the Nash equilibrium solution efficiently. In other worlds, the Nash-lambda algorithm is just developed to address the optimization problems of the multiple objective functions representing non-corporative players’ interests.