Decision analysis via granulation based on general binary relation (Q925327)

Summary: Decision theory considers how best to make decisions in the light of uncertainty about data. There are several methodologies that may be used to determine the best decision. In rough set theory, the classification of objects according to approximation operators can be fitted into the Bayesian decision-theoretic model, with respect to three regions (positive, negative, and boundary region). Granulation, using equivalence classes, is a restriction that limits the decision makers. We introduce a generalization and modification of decision-theoretic rough set models by using granular computing on general binary relations. We obtain two new types of approximation that enable us to classify the objects into five regions instead of three regions. The classification of decision region into five areas will enlarge the range of choice for decision makers.