Optimal process design with simulation-based optimization

Sammanfattning: Nowadays, it has become crucial to transform company production processes in order to reduce carbon emissions. Therefore, the company LKAB is working to make the production process of iron ore pellets fossil-free. In particular, this thesis project focuses on the pellet induration stage and addresses the mathematical optimization of the process. In particular, the idea is to combine state-of-the-art optimization algorithms with simulation software. This thesis aims to address the problem of multi-objective optimization within the context of simulation-based scenarios, i.e., the aim is to study Simulation-Based Multi-Objective Optimization Problems. The primary focus of this thesis is to thoroughly investigate and compare three different algorithms applied to two distinct problem formulations. By doing so, we aim to gain valuable insights into the suitability of different approaches and evaluate the algorithms' performance in achieving the desired objectives.