TY - JOUR
T1 - Calculating the relative importance of condition attributes based on the characteristics of decision rules and attribute reducts
T2 - Application to crowdfunding
AU - Chakhar, Salem
AU - Ishizaka, Alessio
AU - Thorpe, Andy
AU - Cox, Joe
AU - Nguyen, Thang
AU - Ford, Liz
N1 - Publisher Copyright:
© 2020 Elsevier B.V.
PY - 2020/10/16
Y1 - 2020/10/16
N2 - Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, typically via the Internet. Lendwithcare is amongst the first crowdfunding platforms specifically dedicated to support individual and group entrepreneurs in developing countries through partner microfinance institutions. A key objective of Lendwithcare is to identify the attributes (i.e., the characteristics of crowdfunding projects in their online descriptions) that affect investors/potential investors when taking their investment decision. This paper proposes a decision rule-based approach to address this issue. This approach relies on the Dominance-Based Rough Approach (DRSA), which is a well-known multicriteria sorting method. The outputs of DRSA are a collection of if-then decision rules and a collection of attribute reducts. In this paper, new measures are proposed for calculating the relative importance of condition attributes based on the characteristics of decision rules and of attribute reducts. Decision rule-based measures are parameterised in order to consider the characteristics of decision rules using both learning and testing datasets. The proposed measures can be aggregated into a comprehensive measure indicating the overall importance of each condition attribute. Furthermore, the proposed measures are extended in order to compute the relative importance of a collection of condition attributes taken together. In addition, decision rule-based measures are extended to evaluate the relative importance of specific values of condition attributes. The proposed approach has been applied and validated using real-world data from Lendwithcare.
AB - Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, typically via the Internet. Lendwithcare is amongst the first crowdfunding platforms specifically dedicated to support individual and group entrepreneurs in developing countries through partner microfinance institutions. A key objective of Lendwithcare is to identify the attributes (i.e., the characteristics of crowdfunding projects in their online descriptions) that affect investors/potential investors when taking their investment decision. This paper proposes a decision rule-based approach to address this issue. This approach relies on the Dominance-Based Rough Approach (DRSA), which is a well-known multicriteria sorting method. The outputs of DRSA are a collection of if-then decision rules and a collection of attribute reducts. In this paper, new measures are proposed for calculating the relative importance of condition attributes based on the characteristics of decision rules and of attribute reducts. Decision rule-based measures are parameterised in order to consider the characteristics of decision rules using both learning and testing datasets. The proposed measures can be aggregated into a comprehensive measure indicating the overall importance of each condition attribute. Furthermore, the proposed measures are extended in order to compute the relative importance of a collection of condition attributes taken together. In addition, decision rule-based measures are extended to evaluate the relative importance of specific values of condition attributes. The proposed approach has been applied and validated using real-world data from Lendwithcare.
KW - Attribute reducts
KW - Crowdfunding
KW - Decision rules
KW - Dominance-based rough set approach
KW - Lendwithcare
KW - Relative importance
KW - Rough sets
UR - http://www.scopus.com/inward/record.url?scp=85085128061&partnerID=8YFLogxK
U2 - 10.1016/j.ejor.2020.03.039
DO - 10.1016/j.ejor.2020.03.039
M3 - Journal Article
AN - SCOPUS:85085128061
SN - 0377-2217
VL - 286
SP - 689
EP - 712
JO - European Journal of Operational Research
JF - European Journal of Operational Research
IS - 2
ER -