TITLE:
Dominance-Based Rough Set Approach in Selection of Portfolio of Sustainable Development Projects
AUTHORS:
Kazimierz Zaras, Jean-Charles Marin, Bryan Boudreau-Trude
KEYWORDS:
Rough Set Theory; Dominance-Based Rough Set Approach; Selection of Portfolio Projects; Multi-Criteria Analysis; Sustainable Development
JOURNAL NAME:
American Journal of Operations Research,
Vol.2 No.4,
November
30,
2012
ABSTRACT: In our study, the Dominance-based Rough Set Approach (DRSA) has been proposed to assist the Board of Directors of the Community Futures Development Corporations (CFDC), the sub-region of Abitibi-West (Quebec). The CFDC needs a tool for decision support to select the projects that are proposed by the contractors and partners of its territory. In decision making, a balanced set of 22 indicators is considered. These indicators derive from five perspectives: economic, social, demographic, health and wellness. The DRSA proposal is suitable for the data processing with multiple indicators providing on many examples to infer decision rules related to the preference model. In this paper we show that decision rules developed with the use of rough set theory allow us to simplify the process of selecting a portfolio for sustainable development by reducing a number of redundant indicators and identifying the critical values of selected indicators.