A Fuzzy Cognitive Map system to explore certain scenarios on the Cyprus banking system
Neocleous, Costas K.
Schizas, Christos N.
SourceFCTA 2014 - Proceedings of the International Conference on Fuzzy Computation Theory and Applications
6th International Conference on Fuzzy Computation Theory and Applications, FCTA 2014, Part of the 6th International Joint Conference on Computational Intelligence, IJCCI 2014
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The model of Fuzzy Cognitive Maps (FCMs) allows a user to investigate how the influencing parameters of a cause-effect system behave under the implementation of desired scenario. Human knowledge and experience is used to define the structure and the parameters of a FCM model. This paper proposes a methodology which smoothly directs the steps that the experts should take in building an FCM system in order to reduce the subjectivity which characterizes such expert systems. Furthermore, an update rule for the parameters during the simulation phase is presented. Finally, the novel FCM construction methodology and the proposed FCM update rule are tested on a real-life system to investigate the repercussions of the combination of the Greek private sector involvement (PSI) with the decrease of people's confidence towards the Cyprus banking system. The results resemble what actually happened to the Cyprus economy a short period after the implementation of the Greek PSI.
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Papaioannou, Maria; Neocleous, Costas K.; Sofokleous, Anastasis A.; Mateou, Nicos H.; Andreou, Andreas S.; Schizas, Christos N. (2010)A generic system for simulating complex dynamical systems along the paradigm of fuzzy cognitive maps (FCM) has been created and tested. The proposed system enables a user to design appropriate FCM structures, by specifying ...
Papaioannou, Maria; Neocleous, Costas K.; Schizas, Christos N. (Springer Verlag, 2016)A fuzzy Diagnostic Decision Support System (DDSS) has been developed, exploiting the possibilities of a specific algorithm which transforms a crisp dataset into fuzzy. The purpose of the developed fuzzy DDSS is the diagnosis ...
A fuzzy cognitive map system to explore the repercussions of Greek PSI and Bank recapitalization on the Cyprus economy Papaioannou, Maria; Neocleous, Costas K.; Papageorgiou, Charalambos; Schizas, Christos N. (2014)Recently, Greece experienced a serious financial crisis that forced the country to sign a bailout memorandum with Troika (European Commission, International Monetary Fund and European Central Bank who formed a group of ...