6,548 research outputs found
Solving multiple-criteria R&D project selection problems with a data-driven evidential reasoning rule
In this paper, a likelihood based evidence acquisition approach is proposed
to acquire evidence from experts'assessments as recorded in historical
datasets. Then a data-driven evidential reasoning rule based model is
introduced to R&D project selection process by combining multiple pieces of
evidence with different weights and reliabilities. As a result, the total
belief degrees and the overall performance can be generated for ranking and
selecting projects. Finally, a case study on the R&D project selection for the
National Science Foundation of China is conducted to show the effectiveness of
the proposed model. The data-driven evidential reasoning rule based model for
project evaluation and selection (1) utilizes experimental data to represent
experts' assessments by using belief distributions over the set of final
funding outcomes, and through this historic statistics it helps experts and
applicants to understand the funding probability to a given assessment grade,
(2) implies the mapping relationships between the evaluation grades and the
final funding outcomes by using historical data, and (3) provides a way to make
fair decisions by taking experts' reliabilities into account. In the
data-driven evidential reasoning rule based model, experts play different roles
in accordance with their reliabilities which are determined by their previous
review track records, and the selection process is made interpretable and
fairer. The newly proposed model reduces the time-consuming panel review work
for both managers and experts, and significantly improves the efficiency and
quality of project selection process. Although the model is demonstrated for
project selection in the NSFC, it can be generalized to other funding agencies
or industries.Comment: 20 pages, forthcoming in International Journal of Project Management
(2019
The belief noisy-or model applied to network reliability analysis
One difficulty faced in knowledge engineering for Bayesian Network (BN) is
the quan-tification step where the Conditional Probability Tables (CPTs) are
determined. The number of parameters included in CPTs increases exponentially
with the number of parent variables. The most common solution is the
application of the so-called canonical gates. The Noisy-OR (NOR) gate, which
takes advantage of the independence of causal interactions, provides a
logarithmic reduction of the number of parameters required to specify a CPT. In
this paper, an extension of NOR model based on the theory of belief functions,
named Belief Noisy-OR (BNOR), is proposed. BNOR is capable of dealing with both
aleatory and epistemic uncertainty of the network. Compared with NOR, more rich
information which is of great value for making decisions can be got when the
available knowledge is uncertain. Specially, when there is no epistemic
uncertainty, BNOR degrades into NOR. Additionally, different structures of BNOR
are presented in this paper in order to meet various needs of engineers. The
application of BNOR model on the reliability evaluation problem of networked
systems demonstrates its effectiveness
Generalized Evidence Theory
Conflict management is still an open issue in the application of Dempster
Shafer evidence theory. A lot of works have been presented to address this
issue. In this paper, a new theory, called as generalized evidence theory
(GET), is proposed. Compared with existing methods, GET assumes that the
general situation is in open world due to the uncertainty and incomplete
knowledge. The conflicting evidence is handled under the framework of GET. It
is shown that the new theory can explain and deal with the conflicting evidence
in a more reasonable way.Comment: 39 pages, 5 figure
A two-step fusion process for multi-criteria decision applied to natural hazards in mountains
Mountain river torrents and snow avalanches generate human and material
damages with dramatic consequences. Knowledge about natural phenomenona is
often lacking and expertise is required for decision and risk management
purposes using multi-disciplinary quantitative or qualitative approaches.
Expertise is considered as a decision process based on imperfect information
coming from more or less reliable and conflicting sources. A methodology mixing
the Analytic Hierarchy Process (AHP), a multi-criteria aid-decision method, and
information fusion using Belief Function Theory is described. Fuzzy Sets and
Possibilities theories allow to transform quantitative and qualitative criteria
into a common frame of discernment for decision in Dempster-Shafer Theory (DST
) and Dezert-Smarandache Theory (DSmT) contexts. Main issues consist in basic
belief assignments elicitation, conflict identification and management, fusion
rule choices, results validation but also in specific needs to make a
difference between importance and reliability and uncertainty in the fusion
process
Evaluation of Corporate Sustainability
As a consequence of an increasing demand in sustainable development for business organizations, the evaluation of corporate sustainability has become a topic intensively focused by academic researchers and business practitioners. Several techniques in the context of multiple criteria decision analysis (MCDA) have been suggested to facilitate the evaluation and the analysis of sustainability performance. However, due to the complexity of evaluation, such as a compilation of quantitative and qualitative measures, interrelationships among various sustainability criteria, the assessor’s hesitation in scoring, or incomplete information, simple techniques may not be able to generate reliable results which can reflect the overall sustainability performance of a company. This paper proposes a series of mathematical formulations based upon the evidential reasoning (ER) approach which can be used to aggregate results from qualitative judgments with quantitative measurements under various types of complex and uncertain situations. The evaluation of corporate sustainability through the ER model is demonstrated using actual data generated from three sugar manufacturing companies in Thailand. The proposed model facilitates managers in analysing the performance and identifying improvement plans and goals. It also simplifies decision making related to sustainable development initiatives. The model can be generalized to a wider area of performance assessment, as well as to any cases of multiple criteria analysis
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