Special Issue on Computational Intelligence for Policy Making and Risk Governance: A Tribute to Professor Dr Da RuanNo Access

THREE-WAY GOVERNMENT DECISION ANALYSIS WITH DECISION-THEORETIC ROUGH SETS

DUN LIU

School of Economics and Management, Southwest Jiaotong University, Chengdu, 610031, P. R. China

Corresponding author.

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TIANRUI LI

School of Information Science and Technology, Southwest Jiaotong University, Chengdu, 610031, P. R. China

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, and

DECUI LIANG

School of Economics and Management, Southwest Jiaotong University, Chengdu, 610031, P. R. China

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https://doi.org/10.1142/S0218488512400090Cited by:103 (Source: Crossref)

Abstract

By considering the risks in policy making procedure, a three-way decision approach based on the decision-theoretic rough set model is adopted to risk government decision-making. A three-way decision is made based on a pair of thresholds on conditional probabilities. A positive rule makes a decision of executing, a negative rule makes a decision of non-executing, and a boundary rule makes a decision of deferment. The loss functions are used to calculate the required two thresholds to describe the decision risk with the Bayesian decision procedure. A case study of government petroleum risk investment demonstrates the proposed method.

This work is partially supported by the Major Program of National Natural Science Foundation of China (No. 71090402/G1), the National Science Foundation of China (Nos. 60873108, 61175047, 61100117), the Youth Social Science Foundation of the Chinese Education Commission (11YJC630127).

Keywords:

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