Search results

1 – 10 of over 117000
Article
Publication date: 22 February 2021

Jinshan Ma, Di Tian and Jinmeng Yue

This paper is to propose a novel generalized grey target decision method (GGTDM) with index and weight both containing mixed types of data.

Abstract

Purpose

This paper is to propose a novel generalized grey target decision method (GGTDM) with index and weight both containing mixed types of data.

Design/methodology/approach

The decision-making steps of the proposed approach are as follows. First, all mixed attribute values of alternatives and weights are transformed into binary connection numbers and also comprised two-tuple (determinacy, uncertainty) numbers. Then, the two-tuple (determinacy, uncertainty) numbers of target center indices are calculated. Next, the certain weights are determined by the Gini–Simpson (G–S) index-based method. Following this, the comprehensive-weighted Kullback–Leibler distances (CWKLDs) of all alternatives and the target center are obtained. Finally, the alternative ranking relies on the CWKLD considering the smaller value as the better option.

Findings

The certain weights determined by the improved Gini–Simpson index (IGSI) based method are more accurate in compared with that by the proximity-based method and the weight function method. The discrimination ability of alternatives ranking of the proposed approach is stronger than that of the compared comprehensive-weighted proximity (CWP) based method and comprehensive-weighted Gini–Simpson index (CWGSI) based method.

Research limitations/implications

The proposed method fulfills the decision-making task relying on CWKLD, which solves the uncertain measurement from the viewpoint of entropy.

Originality/value

The proposed approach adopts the IGSI to transform uncertain weights into certain ones and takes the CWKLD as the basis for the decision-making.

Details

Grey Systems: Theory and Application, vol. 12 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 1 October 2005

A. MacFarlane, J.A. McCann and S.E. Robertson

The generation of inverted indexes is one of the most computationally intensive activities for information retrieval systems: indexing large multi‐gigabyte text databases can take…

Abstract

Purpose

The generation of inverted indexes is one of the most computationally intensive activities for information retrieval systems: indexing large multi‐gigabyte text databases can take many hours or even days to complete. We examine the generation of partitioned inverted files in order to speed up the process of indexing. Two types of index partitions are investigated: TermId and DocId.

Design/methodology/approach

We use standard measures used in parallel computing such as speedup and efficiency to examine the computing results and also the space costs of our trial indexing experiments.

Findings

The results from runs on both partitioning methods are compared and contrasted, concluding that DocId is the more efficient method.

Practical implications

The practical implications are that the DocId partitioning method would in most circumstances be used for distributing inverted file data in a parallel computer, particularly if indexing speed is the primary consideration.

Originality/value

The paper is of value to database administrators who manage large‐scale text collections, and who need to use parallel computing to implement their text retrieval services.

Details

Aslib Proceedings, vol. 57 no. 5
Type: Research Article
ISSN: 0001-253X

Keywords

Article
Publication date: 1 February 2002

Chris Leishman and Craig Watkins

This paper argues that the methods of constructing house price indices for UK markets lag behind those employed in Europe, Australasia and North America. This is particularly…

1374

Abstract

This paper argues that the methods of constructing house price indices for UK markets lag behind those employed in Europe, Australasia and North America. This is particularly evident in terms of the range and level of technical sophistication of the index construction methodologies. Importantly, the paper argues that the absence of reliable house price indicators undermines the decision‐making ability of policy makers and investors operating in urban housing markets. The paper suggests that this can, in part, be remedied by the construction of a system of local house price indices for British cities. The empirical research presents the first UK application of the repeat sales method to UK data. Indices are constructed for four cities and a range of diagnostic tests are used to establish the reliability and accuracy of the indices as a means of monitoring house price change. The research concludes by suggesting that the methods used here should be tested further on data from major metropolitan regions in England and Wales.

Details

Journal of Property Investment & Finance, vol. 20 no. 1
Type: Research Article
ISSN: 1463-578X

Keywords

Open Access
Article
Publication date: 17 December 2019

Yin Kedong, Shiwei Zhou and Tongtong Xu

To construct a scientific and reasonable indicator system, it is necessary to design a set of standardized indicator primary selection and optimization inspection process. The…

1322

Abstract

Purpose

To construct a scientific and reasonable indicator system, it is necessary to design a set of standardized indicator primary selection and optimization inspection process. The purpose of this paper is to provide theoretical guidance and reference standards for the indicator system design process, laying a solid foundation for the application of the indicator system, by systematically exploring the expert evaluation method to optimize the index system to enhance its credibility and reliability, to improve its resolution and accuracy and reduce its objectivity and randomness.

Design/methodology/approach

The paper is based on system theory and statistics, and it designs the main line of “relevant theoretical analysis – identification of indicators – expert assignment and quality inspection” to achieve the design and optimization of the indicator system. First, the theoretical basis analysis, relevant factor analysis and physical process description are used to clarify the comprehensive evaluation problem and the correlation mechanism. Second, the system structure analysis, hierarchical decomposition and indicator set identification are used to complete the initial establishment of the indicator system. Third, based on expert assignment method, such as Delphi assignments, statistical analysis, t-test and non-parametric test are used to complete the expert assignment quality diagnosis of a single index, the reliability and validity test is used to perform single-index assignment correction and consistency test is used for KENDALL coordination coefficient and F-test multi-indicator expert assignment quality diagnosis.

Findings

Compared with the traditional index system construction method, the optimization process used in the study standardizes the process of index establishment, reduces subjectivity and randomness, and enhances objectivity and scientificity.

Originality/value

The innovation point and value of the paper are embodied in three aspects. First, the system design process of the combined indicator system, the multi-dimensional index screening and system optimization are carried out to ensure that the index system is scientific, reasonable and comprehensive. Second, the experts’ background is comprehensively evaluated. The objectivity and reliability of experts’ assignment are analyzed and improved on the basis of traditional methods. Third, aim at the quality of expert assignment, conduct t-test, non-parametric test of single index, and multi-optimal test of coordination and importance of multiple indicators, enhance experts the practicality of assignment and ensures the quality of expert assignment.

Details

Marine Economics and Management, vol. 2 no. 1
Type: Research Article
ISSN: 2516-158X

Keywords

Abstract

Details

Advances in Librarianship
Type: Book
ISBN: 978-0-12024-615-1

Open Access
Article
Publication date: 22 November 2022

Kedong Yin, Yun Cao, Shiwei Zhou and Xinman Lv

The purposes of this research are to study the theory and method of multi-attribute index system design and establish a set of systematic, standardized, scientific index systems…

Abstract

Purpose

The purposes of this research are to study the theory and method of multi-attribute index system design and establish a set of systematic, standardized, scientific index systems for the design optimization and inspection process. The research may form the basis for a rational, comprehensive evaluation and provide the most effective way of improving the quality of management decision-making. It is of practical significance to improve the rationality and reliability of the index system and provide standardized, scientific reference standards and theoretical guidance for the design and construction of the index system.

Design/methodology/approach

Using modern methods such as complex networks and machine learning, a system for the quality diagnosis of index data and the classification and stratification of index systems is designed. This guarantees the quality of the index data, realizes the scientific classification and stratification of the index system, reduces the subjectivity and randomness of the design of the index system, enhances its objectivity and rationality and lays a solid foundation for the optimal design of the index system.

Findings

Based on the ideas of statistics, system theory, machine learning and data mining, the focus in the present research is on “data quality diagnosis” and “index classification and stratification” and clarifying the classification standards and data quality characteristics of index data; a data-quality diagnosis system of “data review – data cleaning – data conversion – data inspection” is established. Using a decision tree, explanatory structural model, cluster analysis, K-means clustering and other methods, classification and hierarchical method system of indicators is designed to reduce the redundancy of indicator data and improve the quality of the data used. Finally, the scientific and standardized classification and hierarchical design of the index system can be realized.

Originality/value

The innovative contributions and research value of the paper are reflected in three aspects. First, a method system for index data quality diagnosis is designed, and multi-source data fusion technology is adopted to ensure the quality of multi-source, heterogeneous and mixed-frequency data of the index system. The second is to design a systematic quality-inspection process for missing data based on the systematic thinking of the whole and the individual. Aiming at the accuracy, reliability, and feasibility of the patched data, a quality-inspection method of patched data based on inversion thought and a unified representation method of data fusion based on a tensor model are proposed. The third is to use the modern method of unsupervised learning to classify and stratify the index system, which reduces the subjectivity and randomness of the design of the index system and enhances its objectivity and rationality.

Details

Marine Economics and Management, vol. 5 no. 2
Type: Research Article
ISSN: 2516-158X

Keywords

Article
Publication date: 22 October 2019

Jinshan Ma

The purpose of this paper is to investigate a novel generalised grey target decision method (GGTDM) with index and weight involving mixed attribute values.

Abstract

Purpose

The purpose of this paper is to investigate a novel generalised grey target decision method (GGTDM) with index and weight involving mixed attribute values.

Design/methodology/approach

The mixed attribute values are transformed into binary connection numbers and also comprised of two-tuple (determinacy, uncertainty) numbers to fulfil the decision-making task. The proposed method constructs the weight function to convert the mixed attribute-based weights into the certain number-based weights and determines the alternatives ranking by the comprehensive weighted Gini–Simpson indices (CWGSIs).

Findings

The result of decision making regarding the numerical example by the proposed approach is somewhat different from that obtained by the reported vector-based method. The reasons for this are threefold: the decision-making bases are different, the target centre indices are determined by different mechanisms and certain number-based weights are calculated in different ways.

Research limitations/implications

The proposed method ranks an alternative based on the Gini–Simpson index, as derived from the viewpoint of measuring the uncertainty (heterogeneity): however, the vector-based GGTDM makes a decision based on proximity, as is the case when measuring the similarities between index vectors.

Practical implications

The proposed approach is admissible to solving mixed attribute-based decision making especially for alternative indices and attribute weights containing both uncertain numbers.

Originality/value

The proposed method provides a new perspective on measuring the difference of alternatives to the target centre via the CWGSI: the CWGSI is obtained by relying on the pseudo-probabilities achieved by the ratios of the alternative indices to the target centre indices. It also builds a weight function converting the mixed attribute-based weights into certain number-based weights. This method provides a framework that should be tested in terms of its effective decision making using real data and an actual problem.

Details

Data Technologies and Applications, vol. 53 no. 4
Type: Research Article
ISSN: 2514-9288

Keywords

Article
Publication date: 1 July 2014

N. Banagaaya, W.H.A. Schilders, G. Alì and C. Tischendorf

Model order reduction (MOR) has been widely used in the electric networks but little has been done to reduce higher index differential algebraic equations (DAEs). The paper aims…

Abstract

Purpose

Model order reduction (MOR) has been widely used in the electric networks but little has been done to reduce higher index differential algebraic equations (DAEs). The paper aims to discuss these issues.

Design/methodology/approach

Most methods first do an index reduction before reducing a higher DAE but this can lead to a loss of physical properties of the system.

Findings

The paper presents a MOR method for DAEs called the index-aware MOR (IMOR) which can reduce a DAE while preserving its physical properties such as the index. The feasibility of this method is tested on real-life electric networks.

Originality/value

MOR has been widely used to reduce large systems from electric networks but little has been done to reduce higher index DAEs. Most methods first do an index reduction before reducing a large system of DAEs but this can lead to a loss of physical properties of the system. The paper presents a MOR method for DAEs called the IMOR which can reduce a DAE while preserving its physical properties such as the index. The feasibility of this method is tested on real-life electric networks.

Details

COMPEL: The International Journal for Computation and Mathematics in Electrical and Electronic Engineering, vol. 33 no. 4
Type: Research Article
ISSN: 0332-1649

Keywords

Article
Publication date: 26 October 2010

Marta Widłak and Emilia Tomczyk

The aim of this paper is to present estimation results of hedonic price models as well as housing price indices for the Warsaw secondary market.

Abstract

Purpose

The aim of this paper is to present estimation results of hedonic price models as well as housing price indices for the Warsaw secondary market.

Design/methodology/approach

Three direct methods of constructing a hedonic price index and four indices that allow for quality adjustment are presented. The paper also discusses theoretical issues related to the estimation and interpretation of hedonic models.

Findings

It is shown that the imputation and the time dummy variable indices are subject to less variation than the characteristic price index. It is also shown that in comparison to the mean and the median, hedonic indices are less variable, which can be interpreted as partial control for quality changes in dwellings sold.

Practical implications

As this research project represents one of the first attempts of hedonic modelling applied to the Polish housing market, its results may be employed by appraisers to gain insight into behaviour of the Warsaw housing market. Practical implications focus on reliable measurement of house price dynamics in Poland. This paper supplies an appropriate methodology for addressing this question and offers empirical solutions.

Originality/value

Employment of hedonic models for construction of quality‐adjusted housing price indices has not yet been explored in Poland. The theoretical and practical aspects of hedonic indices presented in the paper open promising directions for the development of Polish statistics of real estate prices.

Details

Journal of European Real Estate Research, vol. 3 no. 3
Type: Research Article
ISSN: 1753-9269

Keywords

Article
Publication date: 3 September 2020

Qinqin Zeng, Wouter Beelaerts van Blokland, Sicco Santema and Gabriel Lodewijks

Current literature presents limited measurement methods of quantifying manufacturers' performance with environmental concerns. The purpose of this paper is to construct a company…

Abstract

Purpose

Current literature presents limited measurement methods of quantifying manufacturers' performance with environmental concerns. The purpose of this paper is to construct a company performance index for benchmarking motor vehicle manufacturers (MVMs) with environmental concerns.

Design/methodology/approach

Methods of constructing the index include regression analysis, a modified linear method for normalizing variables and a geometric mean for aggregating variables into a single index IMVM (index for MVMs). A case study is conducted in 12 MVMs from 2008 to 2017. A sensitivity analysis with the simple additive weighting method is performed to analyze how different aggregation methods affect the final value. The index IMVM is assessed through a benchmark with three existing indices.

Findings

Three realistic considerations are identified from MVMs, based on which proper and transparent methods are chosen to construct the IMVM. The construction of the index IMVM has been assessed through a benchmark against the methodologies of three other indices. The results indicate that the new measurement is feasible and effective for MVMs to measure their company performance from an environmental perspective.

Practical implications

The construction of the index IMVM can support policymakers with accurate statistics for decision-making. As a response to current imperative climate policies, this paper raises awareness of CO2 emissions in vehicles' production. For statistical organizations and stakeholders in the investment world, this paper provides available and reliable statistics for trend analysis of different MVMs.

Originality/value

A new method is designed for constructing a company performance index for MVMs. Three environmental variables are identified based on literature, their environmental impact as well as their data availability from public documents. A ranking by manufacturer with environmental concerns is generated. This index can contribute with available statistics and useful insights toward decision-making.

Details

International Journal of Productivity and Performance Management, vol. 70 no. 7
Type: Research Article
ISSN: 1741-0401

Keywords

1 – 10 of over 117000