Sequential Decision-making and Asymmetric Equilibria: An Application to Takeovers

Matrix Sequential Hybrid Credit Scorecard Based on Logistic Regression and Clustering

The Basel II Accord pointed out benefits of credit risk management through internal models to estimate Probability of Default (PD). Banks use default predictions to estimate the loan applicants’ PD. However, in practice, PD is not useful and banks applied credit scorecards for their decision making process. Also the competitive pressures in lending industry forced banks to use profit scorecards...

Convergence in a sequential two stages decision making process

We analyze a sequential decision making process, in which at each stepthe decision is made in two stages. In the rst stage a partially optimalaction is chosen, which allows the decision maker to learn how to improveit under the new environment. We show how inertia (cost of changing)may lead the process to converge to a routine where no further changesare made. We illustrate our scheme with some...

An AHP-Delphi Multi-Criteria Decision Making Model with Application to Environmental Decision-Making

Application of an integrated decision-making approach based on FDAHP and PROMETHEE for selection of optimal coal seam for mechanization; A case study of the Tazareh coal mine complex, Iran

Increasing the production rate and minimizing the related costs, while optimizing the safety measures, are nowadays’ most important tasks in the mining industry. To these ends, mechanization of mines could be applied, which can result in significant cost reductions and higher levels of profitability for underground mines. The potential of a coal mine mechanization depends on some important fact...

Horizontal representation of a hesitant fuzzy set and its application to multiple attribute decision making

The main aim of this paper is to present a novel method for ranking hesitant fuzzy sets (HFSs) based on transforming HFSs into fuzzy sets (FSs). The idea behind the method is an interesting HFS decomposition which is referred here to as the horizontal representation in the current study. To show the validity of the proposed ranking method, we apply it to solve a multi-attribute decision-making ...