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- Title
Index System Reduction Method Based on the Index Similarity.
- Authors
Ai WANG; Xuedong GAO
- Abstract
Multi-attribute decision making (MADM) always suffers from the result inconsistency and computational complexity problem, due to numbers of redundant and relational attributes (indexes) of the initial evaluation index system. Therefore, this paper studies the index system (IS) reduction problem through selecting the most representative indicator from each index subsystem after the IS structure partition. First, we propose and demonstrate the Index Subsystem Judgement theorem to improve the efficiency of the classic system structure partition algorithm. Second, an algorithm of index system reduction based on the index similarity (ISRS) is put forward. The ISRS is able to reduce the index quantity while still keeping the index meaning. Third, we define the direction loss rate to measure the evaluation ability loss of the IS during reduction. The algorithm is tested for a synthetic dataset to compare the proposed ISRS with different index reduction algorithms, followed by an extensive experimentation with a real-world financial dataset. Experiment results illustrate that our proposed method is able to obtain more accessible and available reduction results in practice.
- Subjects
PARALLEL algorithms; DECISION making; RESEMBLANCE (Philosophy)
- Publication
Technical Gazette / Tehnički Vjesnik, 2019, Vol 26, Issue 4, p1112
- ISSN
1330-3651
- Publication type
Article
- DOI
10.17559/TV-20190615044223