DocumentCode :
3501352
Title :
Fuzzy evaluation on mining investment decision based on membership degree transformation new algorithm — M(1,2,3)
Author :
Cao, Qing-Kui ; Ruan, Jun-Hu ; Liu, Kai-Di
Author_Institution :
Sch. of Econ. & Manage., Hebei Univ. of Eng., Handan, China
Volume :
4
fYear :
2009
fDate :
8-9 Aug. 2009
Firstpage :
24
Lastpage :
28
Abstract :
Mining investment is a kind of venture capital, the risk level of which is impacted by various factors. There are still a lot of uncertainty and ambiguity in the process of evaluating on mining investment decision, so it is more suitable to use fuzzy evaluation methods for it. The core of fuzzy evaluation is membership degree transformation. But the existing transformation methods should be questioned, because redundant data in index membership degree is also used to compute object membership degree, which is not useful for object classification. The new algorithm is: using data mining technology based on entropy to mine knowledge information about object classification hidden in every index, affirm the relationship of object classification and index membership, eliminate the redundant data in index membership for object classification by defining distinguishable weight and extract valid values to compute object membership. The new algorithm of membership degree transformation includes three calculation steps which can be summarized as ldquoeffective, comparison and compositionrdquo, which is denoted as M(1,2,3). The paper applied the new algorithm in fuzzy evaluation on mining investment decision.
Keywords :
data mining; decision making; fuzzy systems; investment; mining; pattern classification; M(1,2,3); data mining; entropy; fuzzy evaluation methods; index membership; membership degree transformation; mining investment decision; object classification; venture capital; Classification algorithms; Communication system control; Data mining; Engineering management; Entropy; Fuzzy systems; Investments; Risk management; Uncertainty; Venture capital; 2; 3) model; M(1; fuzzy evaluation; membership degree transformation; mining investment decision;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Computing, Communication, Control, and Management, 2009. CCCM 2009. ISECS International Colloquium on
Conference_Location :
Sanya
Print_ISBN :
978-1-4244-4247-8
Type :
conf
DOI :
10.1109/CCCM.2009.5267814
Filename :
5267814
Link To Document :
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