Pekka Malo

Assistant Professor of Statistics at Aalto University School of Business

Schools

  • Aalto University School of Business

Expertise

Links

Biography

Aalto University School of Business

Research interests

  • Machine learning and artificial intelligence
  • Evolutionary computation
  • Semantic information retrieval
  • Statistical natural language processing
  • Multiobjective optimization
  • News
  • 31st European Meeting of Statisticians (EMS) 2017 is organized at Helsinki, July 24-28
  • Professional activity
  • Member of the Institute of Electrical and Electronics Engineers (IEEE)
  • Member of the Institute for Operations Research and the Management Sciences (INFORMS)
  • Member of the IEEE Computational Intelligence Society
  • Reviewer in journals: IEEE Transactions on Evolutionary Computation; IEEE Transactions on Knowledge and Data Engineering, Journal of the American Society for Information Science and Technology; ACM Transactions on the Web; Physica A; Expert Systems with Applications; Simulation & Gaming; Electronic Commerce Research Journal; International Journal of Information Technology & Decision Making; Annals of Operations Research

Publications

Journal publications

  • Korhonen, P., Malo, P., Pajala, T., Ravaja, N., Somervuori, O., Wallenius, J. (2017): "Context Matters: The Impact of Product Type, Emotional Attachment and Information Overload on Choice Quality". European Journal of Operational Research. (forthcoming)
  • Sinha, A., Malo, P. and Deb, K. (2017): "A Review on Bilevel Optimization: From Classical to Evolutionary Approaches and Applications". IEEE Transactions on Evolutionary Computation. (forthcoming)
  • Sinha, A., Malo, P. and Deb, K. (2017): "Evolutionary Algorithm for Bilevel Optimization using Approximations of the Lower Level Optimal Solution Mapping". European Journal of Operational Research, 257(2), pp. 395-411.
  • Sinha, A., Malo, P. and Deb, K. (2017): "Approximated Set-valued Mapping Approach for Handling Multiobjective Bilevel Problems". Computers & Operations Research, 77, pp. 194-209.
  • Sinha, A., Rämö, J., Malo, P., Kallio, M. and Tahvonen, O. (2017): "Optimal Management of Naturally Regenerating Uneven-aged Forests". European Journal of Operational Research, 256(3), pp. 886-900.
  • Sinha, A., Malo, P., Deb, K., Korhonen, P. and Wallenius, J. (2016): “Solving Bilevel Multi-criterion Optimization Problems with Lower Level Decision Uncertainty”. IEEE Transactions on Evolutionary Computation, 20(2), pp. 199-217.
  • Sinha, A., Malo, P. and Kuosmanen, T. (2015): “A Multi-objective Exploratory Procedure for Regression Model Selection”. Journal of Computational and Graphical Statistics, vol. 24(1), pp. 154-182.
  • Sinha, A., Malo, P. and Deb, K. (2014): “Test Problem Construction for Single-Objective Bilevel Optimization“. Evolutionary Computation Journal, vol. 22(3), pp. 439-477.
  • Malo, P., Sinha, A., Takala, P., Korhonen, P. and Wallenius, J. (2014): "Good debt or bad debt: Detecting semantic orientations in economic texts." Journal of the Association for Information Science and Technology, vol. 65(4), pp. 782-796.
  • Sinha, A., Malo, P., Frantsev, A. and Deb, K. (2014): “Finding Optimal Strategies in Multi-Period Multi-Leader-Follower Stackelberg Games Using an Evolutionary Framework.” Computers & Operations Research, vol. 41, pp. 374-385.
  • Malo, P., Siitari, P. and Sinha, A. (2013): “Automated Query Learning with Wikipedia and Genetic Programming”. Artificial Intelligence, vol. 194, pp. 86--110.
  • Malo, P. and Pennanen, T. (2012): “Reduced form modeling of limit order markets”. Quantitative Finance, vol. 12(7), pp. 1025–1036.
  • Malo, P., Sinha, A., Wallenius, J. and Korhonen, P. (2011): “Concept-based Document Classification Using Wikipedia and Value Function”. Journal of the American Society for Information Science and Technology, vol. 62(12), pp. 2496-2511.
  • Malo, P. (2009): “Modeling electricity spot and futures price dependence: A multifrequency approach”. Physica A, vol. 388(22), pp. 4763–4779.
  • Andreev, A., Kanto, A., and Malo, P. (2007): “Computational Examples of a new method for distribution selection in the Pearson System”. Journal of Applied Statistics, vol. 34(4), pp. 487–506.
  • Malo, P. and Kanto, A. (2006): “Evaluating Multivariate GARCH models in the Nordic Electricity Markets”. Communications in Statistics: Simulation and Computation, vol. 35(1), pp. 117--148.
  • Conference proceedings

  • Suryan, V., Sinha, A., Malo, P., and Deb, K. (2016): “Handling Inverse Optimal Control Problems using Evolutionary Bilevel Optimization.” In: Proceedings of IEEE World Congress on Computational Intelligence (WCCI-2016), pp.1893-1900.

  • Sinha, A., Malo, P., and Deb, K. (2016): “Solving Optimistic Bilevel Programs by Iteratively Approximating Lower Level Optimal Value Function.” In: Proceedings of IEEE World Congress on Computational Intelligence (WCCI-2016), pp. 1877-1884.

  • Upreti, B., Asatiani, A., and Malo, P. (2016): “To Reach The Clouds: Application of Topic Models to the Meta-review on Cloud Computing Literature.” In: Proceedings of Annual Hawaii International Conference on Systems Sciences (HICSS-2016), pp. 3979-3988.

  • Sinha, A., Malo, P., and Deb, K. (2015): “Towards Understanding Bilevel Multi-objective Optimization with Deterministic Lower Level Decisions.” In: Proceedings of Evolutionary Multicriterion Optimization (EMO-2015), Lecture Notes in Computer Science Volume 9018, 2015, pp. 426–443.

  • Porokka, A., Sinha, A., Malo, P., and Deb, K. (2015): “Unconstrained Robust Optimization using a Descent-based Crossover Operator.” In: Proceedings of IEEE Congress on Evolutionary Computation (CEC-2015).

  • Sinha, A., Malo, P., and Deb, K. (2015): “Transportation Policy Formulation as a Multi-objective Bilevel Optimization Problem.” To appear in: IEEE Congress on Evolutionary Computation (CEC-2015).

  • Sinha, A., Malo, P., Xu, P., and Deb, K. (2014): “A Bilevel Optimization Approach to Automated Parameter Tuning.” In: Proceedings of the 16th Annual Genetic and Evolutionary Computation Conference (GECCO-2014), pp. 847–854. ACM New York, NY, USA.

  • Sinha, A., Malo, P. and Deb, K. (2014): “An Improved Bilevel Evolutionary Algorithm based on Quadratic Approximations.” In: IEEE Congress on Evolutionary Computation (CEC-2014), pp. 1870–1877. IEEE Press.

  • Takala, P., Malo, P., Sinha, A., and Ahlgren, O. (2014): “Gold-standard for topic-specific sentiments in economic texts.” In: Proceedings of the 9th edition of the Language Resources and Evaluation Conference (LREC-2014), 26-31 May, Reykjavik, Iceland.

  • Malo, P., Sinha, A., Takala, P., Ahlgren, O. and Lappalainen, I. (2013): "Learning the Roles of Directional Expressions and Domain Concepts in Financial News Analysis." In: Proceedings of IEEE International Conference on Data Mining Workshops (SENTIRE-2013). IEEE Press.

  • Sinha, A., Malo, P., Frantsev, A. and Deb, K. (2013) : “Multi-objective Stackelberg Game Between a Regulating Authority and a Mining Company: A Case Study in Environmental Economics“. In: Proceedings of IEEE Congress on Evolutionary Computation (CEC-2013). IEEE Press.

  • Frantsev, A., Sinha, A. and Malo, P. (2012): “Finding Optimal Strategies in Multi-period Stackelberg Games Using an Evolutionary Framework”. In: Proceedings of IFAC Workshop on Control Applications of Optimization (IFAC-2012).

  • Sinha, A., Malo, P. and Deb, K. (2012): “Unconstrained Scalable Test Problems for Single-Objective Bilevel Optimization”. In: Proceedings of IEEE Congress on Evolutionary Computation (CEC-2012), IEEE Press.

  • Ahlgren, O., Malo, P., Sinha, A., Wallenius, J. and Korhonen, P. (2011): “A Dimensionality Reduction Approach to Semantic Document Classification”. In: Proceedings of 2nd Workshop on Semantic Personalized Information Management: Retrieval and Recommendation (SPIM 2011) in conjunction with the 10th International Semantic Web Conference ISWC2011.

  • Sinha, A., Kuosmanen, T. and Malo, P. (2011): “Estimation of Efficient Regression Model using a Multi-Objective Procedure”, In: Proceedings of Annual International Conference on Operations Research and Statistics (ORS 2011).

  • Malo, P., Siitari, P., Ahlgren, O., Wallenius, J. and Korhonen, P. (2010): “Semantic Content Filtering with Wikipedia and Ontologies”. In: Proceedings of IEEE International Conference on Data Mining Workshops, 2010, pp. 518--526. (Best paper award in Semantic Aspects in Data Mining)

  • Talks and tutorials

  • Sinha, A., Malo, P. and Deb, K. (2014): Tutorial on "Evolutionary Bilevel Optimization" by at PPSN 2014, September 13-17, Ljubljana, Slovenia.

  • Sinha, A., Malo, P., and Deb, K. (2013): Tutorial on Bilevel Optimization at GECCO 2013, July 6-10, Amsterdam, Netherlands.

  • Sinha, A., Malo, P., and Deb, K. (2013): “Evolutionary approaches to handling bilevel optimization problems” at BEACON Center, Michigan State University, February 2013, East Lansing, MI, USA.

  • Malo, P., Sinha, A., Korhonen, P. and Wallenius, J. (2012): “Document Classification: A Many Criteria Optimization Problem”. Abstract published in: Proceedings of INFORMS 2012 Annual Meeting, Session on Decision-making and Optimization Problems with Many Criteria, Phoenix, AZ, October 14-17, 2012.

  • Sinha, A., Malo, P. and Deb, K. (2012): “Preference-based Evolutionary Algorithm for Multi-objective Bilevel Optimization”. Abstract published in: 25th European Conference on Operational Research (EURO 2012), Session on Hybrid Evolutionary Multiobjective Optimization Algorithms, Vilnius, July 8-11, 2012.

  • Malo, P., Sinha, A., Ahlgren, O., Wallenius, J. and Korhonen, P. (2011): “A Dimensionality Reduction Approach for Semantic Information Retrieval”. Abstract published in: Proceedings of The 21st International Conference on Multiple Criteria Decision Making (MCDM 2011), Session on Behavioral Issues in Multiple Criteria Decision Making, June 13-17, 2011.

  • Sinha, A. and Malo, P. (2011): “Solving Bilevel Problems using an Evolutionary Approach”. Abstract published in: Proceedings of INFORMS 2011 Annual Meeting, Session on Multiobjective Programming, North Carolina, November 13-16, 2011.

Peer-reviewed scientific articles

Journal article-refereed, Original research

Decision-Making in a Real-Time Business Simulation Game Cultural and Demographic Aspects in Small Group Dynamics

Bragge, Johanna; Kallio, Henrik; Seppälä, Tomi; Lainema, Timo; Malo, Pekka
2017 in INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY AND DECISION MAKING (World Scientific Publishing Co. Pte Ltd)
ISSN: 0219-6220

Context matters The impact of product type, emotional attachment and information overload on choice quality

Korhonen, Pekka J.; Malo, Pekka; Pajala, Tommi; Ravaja, Niklas; Somervuori, Outi; Wallenius, Jyrki
2017 in EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (Elsevier Science B.V.)
ISSN: 0377-2217

Accounting for political opinions, power, and influence A Voting Advice Application

Pajala, Tommi; Korhonen, Pekka; Malo, Pekka; Sinha, Ankur; Wallenius, Jyrki; Dehnokhalaji, Akram
2017 in EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (Elsevier Science B.V.)
ISSN: 0377-2217

Evolutionary algorithm for bilevel optimization using approximations of the lower level optimal solution mapping

Sinha, Ankur; Malo, Pekka; Deb, Kalyanmoy
2017 in EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (Elsevier Science B.V.)
ISSN: 0377-2217

Optimal management of naturally regenerating uneven-aged forests

Sinha, Ankur; Rämö, Janne; Malo, Pekka; Kallio, Markku; Tahvonen, Olli
2017 in EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (Elsevier Science B.V.)
ISSN: 0377-2217

A Review on Bilevel Optimization: From Classical to Evolutionary Approaches and Applications

Sinha, Ankur; Malo, Pekka; Deb, Kalyanmoy
2017 in IEEE TRANSACTIONS ON EVOLUTIONARY COMPUTATION (IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC)
ISSN: 1089-778X

Approximated set-valued mapping approach for handling multiobjective bilevel problems

Sinha, Ankur; Malo, Pekka; Deb, Kalyanmoy
2017 in COMPUTERS AND OPERATIONS RESEARCH (Elsevier Limited)
ISSN: 0305-0548

Solving Bilevel Multicriterion Optimization Problems with Lower Level Decision Uncertainty

Sinha, Ankur; Malo, Pekka; Deb, Kalyanmoy; Korhonen, Pekka; Wallenius, Jyrki
2016 in IEEE TRANSACTIONS ON EVOLUTIONARY COMPUTATION (IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC)
ISSN: 1089-778X

A multiobjective exploratory procedure for regression model selection

Sinha, Ankur; Malo, Pekka; Kuosmanen, Timo
2015 in JOURNAL OF COMPUTATIONAL AND GRAPHICAL STATISTICS (American Statistical Association)
ISSN: 1061-8600

Towards understanding bilevel multi-objective optimization with deterministic lower level decisions

Sinha, Ankur; Malo, Pekka; Deb, Kalyanmoy
2015 in LECTURE NOTES IN COMPUTER SCIENCE (Springer Verlag)
ISSN: 0302-9743

Good debt or bad debt: Detecting semantic orientations in economic texts

Malo, Pekka; Sinha, Ankur; Korhonen, Pekka; Wallenius, Jyrki; Takala, Pyry
2014 in Journal of the American Society for Information Science and Technology (John Wiley and Sons Inc.)
ISSN: 1532-2882

Finding optimal strategies in a multi-period multi-leader-follower Stackelberg game using an evolutionary algorithm

Sinha, Ankur; Malo, Pekka; Frantsev, Anton; Deb, Kalyanmoy
2014 in COMPUTERS AND OPERATIONS RESEARCH (Elsevier Limited)
ISSN: 0305-0548

Test problem construction for single-objective bilevel optimization

Sinha, Ankur; Malo, Pekka; Deb, Kalyanmoy
2014 in EVOLUTIONARY COMPUTATION (MIT Press Journals)
ISSN: 1063-6560

Automated query learning with Wikipedia and genetic programming

Malo, Pekka; Siitari, Pyry; Sinha, Ankur
2013 in ARTIFICIAL INTELLIGENCE (ELSEVIER SCIENCE BV)
ISSN: 0004-3702

Reduced form modeling of limit order markets

Malo, Pekka; Pennanen, Teemu
2012 in QUANTITATIVE FINANCE (IOP PUBLISHING LTD)
ISSN: 1469-7688

Concept-based document classification using wikipedia and value function

Malo, Pekka; Sinha, Ankur; Wallenius, Jyrki; Korhonen, Pekka
2011 in Journal of the American Society for Information Science and Technology (John Wiley and Sons Inc.)
ISSN: 1532-2882

Modeling electricity spot and futures price dependence: A multifrequency approach

Malo, P.
2009 in PHYSICA A: STATISTICAL MECHANICS AND ITS APPLICATIONS (Elsevier Science B.V.)
ISSN: 0378-4371

Computational examples of a new method for distribution selection in the Pearson system

Andreev, A.; Kanto, A.; Malo, P.
2007 in JOURNAL OF APPLIED STATISTICS (Routledge)
ISSN: 0266-4763

Evaluating Multivariate GARCH Models in the Nordic Electricity Markets

Malo, P.; Kanto, A.
2006 in COMMUNICATIONS IN STATISTICS: SIMULATION AND COMPUTATION (Taylor and Francis Ltd.)
ISSN: 0361-0918

Book section, Chapters in research books

Evolutionary bilevel optimization An introduction and recent advances

Sinha, Ankur; Malo, Pekka; Deb, Kalyanmoy
2017 in Adaptation, Learning, and Optimization (Springer Verlag)
ISBN: 978-3-319-42977-9
ISSN: 1867-4534

Conference proceedings

Nonparametric Splitting Algorithm for Detecting Structural Changes in Predictive Relationships

Gorskikh, Olga; Malo, Pekka; Ilmonen, Pauliina
2017
ISBN: 978-1-4503-5241-3

Solving optimistic bilevel programs by iteratively approximating lower level optimal value function

Sinha, Ankur; Malo, Pekka; Deb, Kalyanmoy
2016
ISBN: 9781509006229

Handling inverse optimal control problems using evolutionary bilevel optimization

Suryan, Varun; Sinha, Ankur; Malo, Pekka; Deb, Kalyanmoy
2016
ISBN: 9781509006229

To reach the clouds Application of topic models to the meta-review on cloud computing literature

Upreti, Bikesh Raj; Asatiani, Aleksandre; Malo, Pekka
2016
ISBN: 9780769556703

Unconstrained robust optimization using a descent-based crossover operator

Sinha, Ankur; Porokka, Aleksi; Malo, Pekka; Deb, Kalyanmoy
2015
ISBN: 978-1-4799-7492-4

Transportation policy formulation as a multi-objective bilevel optimization problem

Sinha, Ankur; Malo, Pekka; Deb, Kalyanmoy
2015
ISBN: 978-1-4799-7492-4

A bilevel optimization approach to automated parameter tuning

Sinha, Ankur; Malo, Pekka; Xu, Peng; Deb, Kalyanmoy
2014
ISBN: 978-1-4503-2662-9

An improved bilevel evolutionary algorithm based on quadratic approximations

Sinha, Ankur; Malo, Pekka; Deb, Kalyanmoy
2014
ISBN: 978-1-4799-6626-4

Gold-standard for topic-specific sentiment analysis of economic texts

Takala, Pyry; Malo, Pekka; Sinha, Ankur; Ahlgren, Oskar
2014
ISBN: 978-2-9517408-8-4

Evolutionary approach to bilevel optimization: an efficient algorithm and test-problems

Malo, Pekka; Sinha, Ankur
2013

Learning the roles of directional expressions and domain concepts in financial news analysis

Malo, P.; Sinha, A.; Takala, P.; Ahlgren, O.; Lappalainen, I.
2013

Evolutionary bilevel optimization

Sinha, Ankur; Malo, Pekka; Deb, Kalyanmoy
2013
ISBN: 978-1-4503-1964-5

Multi-objective Stackelberg game between a regulating authority and a mining company: A case study in environmental economics

Sinha, Ankur; Malo, Pekka; Frantsev, Anton; Deb, Kalyanmoy
2013
ISBN: 978-1-4799-0453-2

Multi-objective Stackelberg problem: a case study in environmental economics

Sinha, Ankur; Malo, Pekka
2013

Finding optimal strategies in multi-period Stackelberg games using an evolutionary framework

Frantsev, Anton; Sinha, Ankur; Malo, Pekka
2012
ISBN: 978-3-902823-14-4

Preference-based evolutionary algorithm for multi-objective bilevel optimization

Malo, Pekka
2012

Unconstrained scalable test problems for single-objective bilevel optimization

Sinha, Ankur; Malo, Pekka; Deb, Kalyanmoy
2012
ISBN: 978-1-4673-1510-4

A dimensionality reduction approach for semantic document classification

Ahlgren, Oskar; Malo, Pekka; Sinha, Ankur; Korhonen, Pekka; Wallenius, Jyrki
2011
ISSN: 1613-0073

Estimation of efficient regression model using a multi-objective procedure

Sinha, A.; Kuosmanen, T.; Malo, P.
2011

Semantic content filtering with Wikipedia and ontologies

Malo, Pekka; Siitari, Pyry; Ahlgren, Oskar; Wallenius, Jyrki; Korhonen, Pekka
2010

Publications intended for professional communities

Published development or research report

Multifractality in Nordic electricity markets

Malo, Pekka
2006

Simple approach for distribution selection in the Pearson system

Andreev, A.; Kanto, A.; Malo, P.
2005

On closed-form calculation of CVaR

Andreev, A.; Kanto, A.; Malo, P.
2005

Evaluating multivariate GARCH models in the Nordic electricity markets

Malo, P.; Kanto, A.
2005

Audiovisual material, ICT software

ICT programs or applications

mogavs Multiobjective Genetic Algorithm for Variable Selection in Regression

Pajala, Tommi; Malo, Pekka; Sinha, Ankur; Kuosmanen, Timo
2015

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