Related papers: A Comparative Analysis of Multi-Criteria Decision-…
Each decision-making tool should be tested and validated in real case studies to be practical and fit to global problems. The application of multi-criteria decision-making methods (MCDM) is currently a trend to rank alternatives. In the…
As the education fees are becoming more expensive, more students apply for scholarships. Consequently, hundreds and even thousands of applications need to be handled by the sponsor. To solve the problems, some alternatives based on several…
Multimodal Large Language Models (MLLMs) have rapidly evolved with the growth of Large Language Models (LLMs) and are now applied in various fields. In finance, the integration of diverse modalities such as text, charts, and tables is…
Process mining is increasingly adopted in modern organizations, producing numerous process models that, while valuable, can lead to model overload and decision-making complexity. This paper explores a multi-criteria decision-making (MCDM)…
The superiority and inferiority ranking (SIR) method is a generation of the well-known PROMETHEE method, which can be more efficient to deal with multi-criterion decision making (MCDM) problem. Intuitionistic fuzzy sets (IFSs), as an…
With increases in population, there is a noticeable change across the world in pollution levels. Recently there has been growing demand for renewable energy operated devices boomed. Numerous reasons have led to such growth including lower…
Credit risk is a crucial topic in the field of financial stability, especially at this time given the profound impact of the ongoing pandemic on the world economy. This study provides insight into the impact of credit risk on the financial…
Multicriteria decision-making methods exhibit critical dependence on the choice of normalization techniques, where different selections can alter 20-40% of the final rankings. Current practice is characterized by the ad-hoc selection of…
The rise of algorithmic decision-making has spawned much research on fair machine learning (ML). Financial institutions use ML for building risk scorecards that support a range of credit-related decisions. Yet, the literature on fair ML in…
Employing Bayesian inference to calibrate constitutive model parameters has grown substantially in recent years. Among the available techniques, Markov Chain Monte Carlo (MCMC) sampling remains one of the most widely used approaches for…
Real-world decision-making often requires integrating and reasoning over information from multiple modalities. While recent multimodal large language models (MLLMs) have shown promise in such tasks, their ability to perform multi-hop…
Banks utilize credit scoring as an important indicator of financial strength and eligibility for credit. Scoring models aim to assign statistical odds or probabilities for predicting if there is a risk of nonpayment in relation to many…
Increased flexibility in job shops leads to more complexity in decision-making for shop floor engineers. Partial Flexible Job Shop Scheduling (PFJSS) is a subset of Job shop problems and has substantial application in the real world.…
We introduce causal Markov Decision Processes (C-MDPs), a new formalism for sequential decision making which combines the standard MDP formulation with causal structures over state transition and reward functions. Many contemporary and…
Process Reward Models (PRMs) emerge as a promising approach for process supervision in mathematical reasoning of Large Language Models (LLMs), which aim to identify and mitigate intermediate errors in the reasoning processes. However, the…
Based on the closed operational laws in picture fuzzy numbers and strict triangular norms, we extend the Bonferroni mean (BM) operator under the picture fuzzy environment to propose the picture fuzzy interactional Bonferroni mean (PFIBM),…
Credit ratings are one of the primary keys that reflect the level of riskiness and reliability of corporations to meet their financial obligations. Rating agencies tend to take extended periods of time to provide new ratings and update…
We introduce FinMMDocR, a novel bilingual multimodal benchmark for evaluating multimodal large language models (MLLMs) on real-world financial numerical reasoning. Compared to existing benchmarks, our work delivers three major advancements.…
In Multi-Criteria Decision Analysis, Rank Reversals are a serious problem that can greatly affect the results of a Multi-Criteria Decision Method against a particular set of alternatives. It is therefore useful to have a mechanism that…
The Best-Worst Method (BWM) is a well-known Multi-Criteria Decision-Making (MCDM) method used to calculate criteria-weights in many real-life applications. It was observed that the decision judgments used to calculate weights in BWM may be…