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Fuzzy Multicriteria Assignment For Nominal Classification: Methodology And Application In Evaluation Of Greek Bank'S Electronic Payment Retailers

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  • GEORGE RIGOPOULOS

    (School of Electrical & Computer Engineering, National Technical University of Athens, 9 Iroon Polytechneiou Street, 15773 Athens, Greece)

  • KOSTAS ANAGNOSTOPOULOS

    (School of Electrical & Computer Engineering, National Technical University of Athens, 9 Iroon Polytechneiou Street, 15773 Athens, Greece)

Abstract

This paper presents a novel multicriteria procedure for nominal classification problems. Assignment of an action to a category is based on the comparison between action and category's least typical representative, which is considered as the category inclusion threshold. Evaluation is executed considering performance on evaluation criteria and calculation of a fuzzy inclusion relation for every action, generalizing preference relations model with concordance and nondiscordance concepts as used in ELECTRE methods. An application to a classification problem in banking is also presented in order to demonstrate its applicability to similar problems.

Suggested Citation

  • George Rigopoulos & Kostas Anagnostopoulos, 2010. "Fuzzy Multicriteria Assignment For Nominal Classification: Methodology And Application In Evaluation Of Greek Bank'S Electronic Payment Retailers," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 437-454.
    • Handle: RePEc:wsi:ijitdm:v:09:y:2010:i:03:n:s0219622010003890
    DOI: 10.1142/S0219622010003890
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    References listed on IDEAS

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    1. Keeney,Ralph L. & Raiffa,Howard, 1993. "Decisions with Multiple Objectives," Cambridge Books, Cambridge University Press, number 9780521438834.
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    Cited by:

    1. Govindan, Kannan & Jepsen, Martin Brandt, 2016. "ELECTRE: A comprehensive literature review on methodologies and applications," European Journal of Operational Research, Elsevier, vol. 250(1), pages 1-29.
    2. Paulo Cesar Schotten & Leydiana Sousa Pereira & Danielle Costa Morais, 2022. "Credit granting sorting model for financial organizations," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-24, December.
    3. Peng, Yi & Kou, Gang & Wang, Guoxun & Shi, Yong, 2011. "FAMCDM: A fusion approach of MCDM methods to rank multiclass classification algorithms," Omega, Elsevier, vol. 39(6), pages 677-689, December.

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