Institutional Repository
Technical University of Crete
Technical University of Crete
EN
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EL
| URI | http://purl.tuc.gr/dl/dias/D21208AC-2BAE-45FB-99B6-91D395029CD9 | - |
| Identifier | http://www.sciencedirect.com/science/article/pii/S0377221701003605 | - |
| Identifier | https://doi.org/10.1016/S0377-2217(01)00360-5 | - |
| Language | en | - |
| Extent | 19 pages | en |
| Title | Multi-group discrimination using multi-criteria analysis: Illustrations from the field of finance | en |
| Creator | Zopounidis Konstantinos | en |
| Creator | Ζοπουνιδης Κωνσταντινος | el |
| Creator | Michael Doumpos | en |
| Creator | Δουμπος Μιχαλης | el |
| Publisher | Elsevier | en |
| Content Summary | The primary objective in the discrimination problem is to assign a set of alternatives into predefined classes. During the last two decades several new approaches, such as mathematical programming, neural networks, machine learning, rough sets, multi-criteria decision aid (MCDA), etc., have been proposed to overcome the shortcomings of traditional, statistical and econometric techniques that have dominated this field since the 1930s. This paper focuses on the MCDA approach. A new method to achieve multi-group discrimination based on an iterative binary segmentation procedure is proposed. Five real world applications from the field of finance (credit cards assessment, country risk evaluation, credit risk assessment, corporate acquisitions, business failure prediction) are used to illustrate the efficiency of the proposed method as opposed to discriminant analysis. | en |
| Type of Item | Peer-Reviewed Journal Publication | en |
| Type of Item | Δημοσίευση σε Περιοδικό με Κριτές | el |
| License | http://creativecommons.org/licenses/by/4.0/ | en |
| Date of Item | 2015-11-08 | - |
| Date of Publication | 2002 | - |
| Subject | Discrimination | en |
| Subject | Multicriteria decision aid | en |
| Subject | Preference disaggregation | en |
| Subject | Financial decision making | en |
| Bibliographic Citation | C. Zopounidis and M. Doumpos, "Multi-group discrimination using multi-criteria analysis: illustrations from the field of finance," Europ. J. Operat. Res., vol. 139, no. 2, pp. 371-389, Jun. 2002. doi:10.1016/S0377-2217(01)00360-5 | en |
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