|
Title
|
|
|
|
A new perspective on classification : optimally allocating limited resources to uncertain tasks
|
|
|
Author
|
|
|
|
|
|
|
Abstract
|
|
|
|
| A central problem in business concerns the optimal allocation of limited resources to a set of available tasks, where the payoff of these tasks is inherently uncertain. Typically, such problems are solved using a classification framework, where task outcomes are predicted given a set of characteristics. Then, resources are allocated to the tasks predicted to be the most likely to succeed. We argue, however, that using classification to address task uncertainty is inherently suboptimal as it does not take into account the available capacity. We present a novel solution that directly optimizes the assignment's expected profit given limited, stochastic capacity. This is achieved by optimizing a specific instance of the net discounted cumulative gain, a commonly used class of metrics in learning to rank. We demonstrate that our new method achieves higher expected profit and expected precision compared to a classification approach for a wide variety of application areas. |
|
|
|
Language
|
|
|
|
English
|
|
|
Source (journal)
|
|
|
|
Decision support systems. - Amsterdam
|
|
|
Publication
|
|
|
|
Amsterdam
:
2024
|
|
|
ISSN
|
|
|
|
0167-9236
|
|
|
DOI
|
|
|
|
10.1016/J.DSS.2023.114151
|
|
|
Volume/pages
|
|
|
|
179
(2024)
, p. 1-9
|
|
|
Article Reference
|
|
|
|
114151
|
|
|
ISI
|
|
|
|
001166382700001
|
|
|
Full text (Publisher's DOI)
|
|
|
|
|
|
|
Full text (open access)
|
|
|
|
|
|
|
Full text (publisher's version - intranet only)
|
|
|
|
|
|