Journal
INFORMATION SCIENCES
Volume 181, Issue 22, Pages 4959-4968Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/j.ins.2011.06.021
Keywords
Multiple criteria analysis; PROMETHEE; Preference relation; Ordinal sorting; Bankruptcy prediction
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Funding
- National Science Council of Taiwan [NSC 99-2410-H-033-026-MY3]
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Outranking relation theory has been widely used to study pattern classification. Here we propose a classification method with concepts from the flows used in PROMETHEE methods, which are extensively applied in multi-criteria decision aids. PROMETHEE uses a flow, generated on the basis of a preference index and measured by various preference functions for each criterion, to represent the preference intensity for one pattern over another pattern. However, only criteria that are concordant with the preference contribute to a preference index. In the present study, the opinions from discordant criteria are also taken into account. The proposed method newly defines an overall preference index using both concordance and discordance relations for ordinal sorting problems. The final classification decision for a new pattern depends on its net flow. The criteria weights are determined using a genetic-algorithm-based approach. Empirical results obtained for a real-world problem regarding bankruptcy prediction demonstrate that the proposed method performs well compared to other well-known classification methods. (C) 2011 Elsevier Inc. All rights reserved.
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