11 results on '"Sun, Bingzhen"'
Search Results
2. A new portfolio approach integrating three-way decision and Encoder–Decoder network.
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Guo, Yuqi, Sun, Bingzhen, Bai, Juncheng, Ye, Jin, and Chu, Xiaoli
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In the stock market, it can be challenging to predict stock trends and identify stocks with investment potential due to uncertainty and risk. Accurate predictive models and reliable asset preselection methods are essential for portfolio management. This paper proposes an integration of the deep learning model, the three-way decision (3WD) theory, and the Mean-Variance (MV) method for asset preselection and optimal asset allocation. In the initial stage, an attention-based Encoder–Decoder model is used to predict asset returns and calculate volatility. It outperforms other benchmark models regarding relative error, absolute error, and directional accuracy. The subsequent stage involves selecting stocks based on expected returns and volatility characteristics. The 3WD theory is then used to identify the delayed decision set for implementing additional investment strategies to hedge portfolio risk and enhance returns. Finally, the MV model is employed for investment portfolio optimization. The proposed model is validated using a substantial dataset from the A-share market's SSE 50 Index from January 2010 to December 2022. Results indicate that the proposed model outperforms benchmark models in terms of daily average returns, annualized Information ratio, Sortino ratio, and other aspects under certain trading costs. However, further exploration is required to establish a mechanism that limits the quantity of preselected assets to ensure its broad applicability. [ABSTRACT FROM AUTHOR]
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- 2024
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3. Weighted probability kernel multi-granularity three-way decision integrating GRA and its application in medical diagnosis.
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Qin, Xiaoyan, Sun, Bingzhen, Wu, Simin, Bai, Juncheng, and Chu, Xiaoli
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DIAGNOSIS , *PROBABILITY theory , *ROUGH sets , *JUDGMENT (Psychology) , *DECISION making , *GREY relational analysis - Abstract
Three-way decision, an outstanding method to handle decision-making uncertainties, relies on essentially the loss functions derived from the Bayesian risk decision process. Actually, there are plentiful loss functions that depend on the subjective judgment of decision-makers under different decision scenarios, lacking uniform and objective measurement frameworks. This study pays attention to the real clinical diagnosis, and constructs a weighted probability kernel multi-granularity three-way decision method (WKMG-TWD) integrating gray relation analysis (GRA) over a multi-source heterogeneous decision information system (MHDIS). The method establishes a standardized data-driven calculation framework of loss functions. Foremost, the multi-kernel probabilistic similarity is defined and granularity's weights with knowledge consistency are explored. Subsequently, a weighted probability kernel multi-granularity rough set (WKMGRS) is constructed in this paper. Secondly, to introduce the three-way decision, this study proposes the cost-sensitive individual loss functions considering the correlation determined by GRA between decision objects and different decision classes. Ultimately, this study establishes and applies a three-way iterative classification model to hypertension diagnosis. The experimental results confirm the effectiveness and superiority of the model. The main contribution of this paper is twofold. One is to offer a uniform calculation framework for loss functions and granularity's weights. The other is to furnish invaluable guidance for solving complex medical decision-making problems. [ABSTRACT FROM AUTHOR]
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- 2024
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4. A preference-approval structure-based non-additive three-way group consensus decision-making approach for medical diagnosis.
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Ye, Jin, Sun, Bingzhen, Bai, Juncheng, Bao, Qiang, Chu, Xiaoli, and Bao, Kun
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CONSENSUS (Social sciences) , *GROUP decision making , *DIAGNOSIS , *CHINESE medicine , *FUZZY measure theory , *DISTRIBUTED algorithms , *FUZZY numbers - Abstract
The clinical diagnosis decision-making process of integrated traditional Chinese medicine and Western medicine is essentially a type of group decision-making (GDM) problem, which is transparently characterized by the multiformity of data types and the diversity of knowledge structures among experts. However, most existing GDM methods are designed based on single data types and cannot address GDM problems involving multiple data types and diversified attributes. Moreover, the preference-approval structure provides a simple framework to simulate the preference information regarding an individual's ranking and approval. But it only considers two categories: approval and disapproval, without accounting for the indecision of individuals. In reality, three-way decision (TWD) is common. Given the deficiencies above, this paper puts forward a novel preference-approval structure-based three-way group consensus decision-making approach for a class of GDM problems with the characteristics of incompleteness, multi-granularity, diversity, and compound. To represent the information in these complex GDM problems, we firstly present the concept of incomplete multi-granularity diversified compound decision systems (IMGDCDSs). Secondly, according to the data characteristics, we construct a non-additive TWD model over the framework of granular computing. On the one hand, using the reference point of each attribute, an acquisition method of relative loss functions is given by considering three kinds of states. On the other hand, we present a new fuzzy measure to calculate non-additive conditional probabilities. The above work enriches the existing TWD theory. Based on the three-way classification and ranking results obtained, this paper subsequently defines a preference-approval structure and establishes a new group consensus decision-making approach. Thereby, the TWD model is integrated into preference-approval structures, which further enriches the GDM theory. More importantly, some existing group consensus methods are special cases of our study. Whereafter, we demonstrate the feasibility of the approach using an illustrative example. Finally, the stability and effectiveness of the approach are verified through an empirical study in the context of medical diagnosis. • Incomplete multi-granularity diversified compound decision systems are presented. • A non-additive three-way decision (TWD) model is constructed. • The TWD model and preference-approval structures are integrated. • A new group consensus approach is applied to medical diagnosis. • The effectiveness of the approach is verified by an empirical analysis. [ABSTRACT FROM AUTHOR]
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- 2024
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5. Kernel similarity-based multigranulation three-way decision approach to hypertension risk assessment with multi-source and multi-level structure data.
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Wang, Ting, Sun, Bingzhen, and Jiang, Chao
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RISK assessment ,ROUGH sets ,KNOWLEDGE representation (Information theory) ,KERNEL functions ,HYPERTENSION ,GRANULATION - Abstract
Early intervention and prevention of chronic diseases is a fundamental way to reduce disease incidence. Due to the complex pathogenic factors of disease, the assessment of disease risk requires consideration of the influence of multiple factors. In clinical practice, disease risk assessment may face data with multi-source, multi-type and multiple indicators of examination items. Mining useful information and rules in this complex information is the foundation for further decisions. However, the existing knowledge representation methods cannot comprehensively and accurately describe these characteristic of data. Therefore, we introduce the concept of multiple hybrid attribute information systems (MHAISs). Then, we defined the binary relations over MHAIS by fusing different types of kernel functions. On this basis, we construct a variable precision multigranulation kernel rough set (VPMGKRS), and propose a multigranulation three-way decision method over MHAIS. In addition, considering the individual difference between decision objects and the diversity of data characteristic among sources, we calculate the loss functions under different granular with the help of conditional probabilities, and then obtain the thresholds for the three-way decisions. Finally, we use 712 clinical random samples to conduct a simulation analysis applying the proposed method to assess the risk of hypertension. The experiment result confirmed the applicability and validity of the model. • The notion of multiple hybrid attribute information systems (MHAISs) is presented. • A variable precision multigranulation kernel rough set is constructed. • A risk assessment method based on three-way decision is proposed. • The proposed method is applied in the hypertension risk assessment problem. [ABSTRACT FROM AUTHOR]
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- 2023
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6. A three-way decision method with pre-order relations.
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Huang, Xianfeng, Zhan, Jianming, and Sun, Bingzhen
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CONDITIONAL probability , *TOPSIS method , *LYMPHANGIOGRAPHY , *DECISION making , *FACE perception , *GROUP decision making - Abstract
Three-way decision (3WD) theory has been widely used in solving multi-attribute decision-making (MADM) problems, however the calculation method for semantic interpretations of loss functions and conditional probabilities has not been reasonably addressed. Thus, by virtue of existing studies on 3WD and MADM, a novel 3WD method to MADM is explored in the current paper, which is titled the 3W-MADM method. First, a pair of novel pre-order relations are designed by virtue of the classic TOPSIS (Technique for Order Preference by Similarity to an Ideal Solution) method, and a new scheme for calculating conditional probabilities is further established. Then, the calculation scheme of loss functions and thresholds is put forward via attribute evaluation values and ideal solutions. In particular, several primary steps and the algorithm of the 3W-MADM method are summed up. Finally, the practicality and validity of the proposed method are demonstrated by a realistic case of lymphography from the UCI database. Moreover, the stability and superiority of the presented method are shown by several experimental analyses. [ABSTRACT FROM AUTHOR]
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- 2022
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7. A three-way decision method based on fuzzy rough set models under incomplete environments.
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Ye, Jin, Zhan, Jianming, and Sun, Bingzhen
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FUZZY sets , *ROUGH sets , *STATISTICAL decision making , *ALGORITHMS , *CONDITIONAL probability , *GROUP decision making - Abstract
The paper primarily explores the applicability of three-way decision (TWD) to multi-attribute decision-making (MADM), and establishes a new three-way multi-attribute decision-making (TW-MADM) method under an incomplete environment. For the sake of making rational decisions for MADM problems with fuzzy values, fuzzy rough set models are first utilized to investigate a new TWD model. By taking into account the hesitation degree of each evaluation value, a data-driven method to determine the relative loss functions is presented. Moreover, a new conditional probability calculation method is put forth via the information granularity of each object. In light of the above statement, a novel TWD model with three strategies is proposed. Afterwards, the arithmetic mean method is adopted for patching the lost data to effectively address incomplete MADM problems. Given the uncertainty of the patched data and real data, a new TW-MADM method as well as a corresponding MADM algorithm is designed. By several comparative analysis and experimental analysis, the feasibility, effectiveness, superiority and stability of the method are demonstrated. In addition, the results show that the presented method with optimistic strategies is more viable and stable than the method with compromise and pessimistic strategies. [ABSTRACT FROM AUTHOR]
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- 2021
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8. Three-way decision on information tables.
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Li, Xiaonan, Wang, Xuan, Sun, Bingzhen, She, Yanhong, and Zhao, Lu
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ROUGH sets , *ENTROPY (Information theory) - Abstract
The model of three-way decision on two universes generalizes various two-universe models of rough sets, and it is in fact defined on 0–1 tables, i.e. binary information tables. This paper generalizes the model of three-way decision from 0–1 tables to general information tables. The framework of three-way decision on general information tables is presented and the connection of existing related models is investigated. In our models, every element in the set of objects is assigned to a value and we can construct a tri-partition of the object set according to a pair of thresholds. We present a fundamental result of the models, which induces two concepts: the fundamental sequence and pair. On the one hand, the fundamental result shows that there exist finitely many pairs of thresholds. That is, we need only to consider the case of finitely many tri-partitions. On the other hand, it describes how the positive region varies based on thresholds and induces a concept of positive region tower. Finally, we evaluate these finite tri-partitions by the weighted entropy, which is a new measure defined as a variant of information entropy. An optimal tri-partition can be obtained according to weighted entropies of the finite tri-partitions. [ABSTRACT FROM AUTHOR]
- Published
- 2021
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9. Three-way group consensus method based on probabilistic linguistic preference relations with acceptable inconsistency.
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Han, Xinru, Zhan, Jianming, Bao, Yukun, and Sun, Bingzhen
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GROUP decision making , *HESITATION , *INFANT formulas - Abstract
In the realm of addressing consensus challenges within group decision-making (GDM) that encompass individual preferences, this article presents an innovative approach. This article introduces a three-way group consensus methodology grounded in probabilistic linguistic preference relations (PLPRs) that ensures an acceptable level of inconsistency by applying the three-way decision (TWD) principle. This methodology is referred to as the TWD-GC-AIC approach. The TWD-GC-AIC approach consists of two core components, each dedicated to distinct aspects: ensuring the internal consistency of individual expert preference relations and achieving consensus within the expert group. The first component is dedicated to enhancing the consistency of individual expert preferences. This process commences with the determination of expert weights and the development of a novel aggregation formula. Subsequently, the consistency metric is refined through the incorporation of a newly devised distance formula. Once the predefined consistency threshold is reached, this study seamlessly integrates a planning model with an iterative algorithm. This integration serves a dual purpose: minimizing adjustment costs while retaining as much of the original information provided by the experts as possible. In the consensus-reaching phase, known as the consensus reaching process (CRP) of the expert group, this study employs iterative algorithms that incorporate TWD within the feedback mechanism. This strategic approach aims to comprehensively consider the emotional attitudes of the experts when adjusting the evaluation information, ultimately leading to a more informed and rational final decision outcome. Finally, this paper empirically validates the effectiveness and efficiency of the TWD-GC-AIC method, particularly in scenarios involving probabilistic linguistic term sets (PLTSs). The method is applied to a practical example and rigorously benchmarked against various other consensus methodologies to assess its performance. • A method of deriving the weights of experts using their own hesitancy on evaluate information is proposed. • A new aggregation formula of PLTSs based on the experts' weights is constructed. • A consistency improvement model that integrates the planning model and iterative formulation is developed. • During the CRP, experts' modified attitudes are analyzed through TWD theory, weakening the compulsion of the iterative algorithm. [ABSTRACT FROM AUTHOR]
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- 2024
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10. Three-way group consensus with experts' attitudes based on probabilistic linguistic preference relations.
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Han, Xinru, Zhan, Jianming, Bao, Yukun, and Sun, Bingzhen
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ATTITUDE (Psychology) , *HIGH technology industries , *LINGUISTIC context , *BIG data - Abstract
Intelligent decision-making collaborates with big data analytics to navigate the intricate landscape of the digital economy, orchestrating data-driven strategies to achieve the most favorable results. Through the integration of specific objectives and relevant data, intelligent decision-making involves the modeling, analysis, and realization of decisions. This comprehensive process seamlessly incorporates elements such as constraints, strategies, preferences, and uncertainty, ultimately leading to the autonomous achievement of optimal outcomes. In this context, the probabilistic linguistic preference relation (PLPR) serves as a recently introduced form of linguistic evaluations, offering adaptable expression of expert preference assessments. Within the domain of preferences, consistency emerges as a pivotal consideration. Extremes occur when calculating the additive consistency of PLPR using expectation values. To comprehensively address the trouble, this paper introduces an innovative planning model that employs deviation degrees. The establishment of a consistency threshold is approached objectively using the principle of minimum individual regret and maximum group delight. Once consistency is established, the process advances to consensus reaching process (CRP). During the consensus feedback phase, the infusion of the three-way decision (TWD) theory accounts for distinct expert modification attitudes, while ensuring consistency remains upheld throughout the modification procedure. For clarity, the proposed technique is referred to as the TWD-GC-EA method. Notably, the effectiveness of the designed approach is demonstrated through its application to a real-world scenario. Furthermore, a comparative assessment is conducted against several other consensus methods to validate its efficacy and superiority. • In the consistency stage, the additive consistency in PLPR is more comprehensively measured. • The consistency threshold is determined objectively by minimal individual regret and maximizing group delight. • The majority-half rule is adopted in the consensus measurement stage. • A new consensus adjustment model is designed. [ABSTRACT FROM AUTHOR]
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- 2024
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11. Generalized three-way decision models based on subset evaluation.
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Li, Xiaonan, Yi, Huangjian, She, Yanhong, and Sun, Bingzhen
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DECISION theory , *MATHEMATICAL logic , *ROUGH sets , *SUBSET selection , *MATROIDS - Abstract
The notion of three-way decisions was originally introduced based on the need to explain the three regions of probabilistic rough sets. In a three-way decision model, every object can be evaluated by a function and according to the evaluation value, the object can be arranged in one of the three regions (i.e., positive, negative, and boundary regions). In this study, we generalize Yao's three-way decision models to a case where every subset in the universe can be evaluated by the evaluation function, and we then propose generalized three-way models. The properties and examples of these new models are presented, as well as extensions of these models. We also give some remarks regarding Hu's three-way decision spaces. Three-way matroids are introduced based on Hu's axiomatic approach and our generalized three-way models. Furthermore, three-way matroids are generalized to three fuzzy matroids as an application of our new model. Finally, we suggest future research related to our new models and three-way fuzzy matroids. [ABSTRACT FROM AUTHOR]
- Published
- 2017
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