Statistical model checking offers an alternative to traditional model checking for large stochastic systems, addressing state space explosion and approximating quantitative properties. This paper proposes machine learning approaches using decision trees to approximate zero-reachability states, offering both computational efficiency and interpretability. Statistical analysis is used as an alternative approach to establish simulation run length bounds to control computation errors. Experimental results across standard Markov models demonstrate that our decision structures maintain high correctness (99% in most cases), reduce runtime, and have minimal memory overhead. Even when some methods show limitations, alternative approaches within our framework yield effective results.
This research presents a novel hybrid portfolio optimization framework that combines the Hierarchical Risk Parity (HRP) algorithm with two Multi-Criteria Decision-Making (MCDM) methods, MEREC and WEDBA, specifically to overcome fundamental shortcomings in the standard HRP model. The central goal is to alleviate the chaining problem and resolve HRP’s difficulty in identifying the optimal number of clusters, issues known to negatively affect portfolio diversification and risk allocation. To achieve this structural improvement, the Elbow method is integrated directly into the HRP process, ensuring a robust cluster structure is defined before any weight allocation occurs. The MEREC method is then utilized to calculate objective criterion weights, while the WEDBA approach is employed to assess the financial performance of individual assets within each cluster generated by HRP. This HRP–MCDM algorithm is tested using daily closing price data for stocks on the BIST 100 Index covering the 2018–2022 period. The performance of portfolios generated across seven distinct linkage methods (Ward, single, complete, average, weighted, centroid, and median) is rigorously benchmarked against the outcomes from the traditional HRP approach. Findings demonstrate that the HRP–MCDM framework significantly boosts both return levels and risk-adjusted metrics, especially when using the single and Ward linkage method, thereby surpassing the standard HRP algorithm in the majority of test cases. By strategically blending machine-learning-based risk clustering with objective, multi-criteria evaluation, this study makes a vital methodological contribution to the portfolio optimization domain, equipping investors with a more stable, transparent, and performance-focused asset allocation instrument.
Pub. online:17 Jun 2022Type:Research ArticleOpen Access
Journal:Informatica
Volume 33, Issue 2 (2022), pp. 365–397
Abstract
Blockchain is gaining traction for improving the security of healthcare applications, however, it does not become a silver bullet as various security threats are observed in blockchain-based applications. Moreover, when performing the security risk management (SRM) of blockchain-based applications, there are conceptual ambiguities and semantic gaps that hinder from treating the security threats effectively. To address these issues, we present a blockchain-based healthcare security ontology (HealthOnt) that offers coherent and formal information models to treat security threats of traditional and blockchain-based applications. We evaluate the ontology by performing the SRM of a back-pain patient’s healthcare application case. The results show that HealthOnt can support the iterative process of SRM and can be continually updated when new security threats, vulnerabilities, or countermeasures emerge. In addition, the HealthOnt may assist in the modelling and analysis of real-world situations while addressing important security concerns from the perspective of stakeholders. This work can help blockchain developers, practitioners, and other associated stakeholders to develop secure blockchain-based healthcare applications in the early stages.
Pub. online:20 Nov 2020Type:Research ArticleOpen Access
Journal:Informatica
Volume 32, Issue 2 (2021), pp. 397–424
Abstract
Blockchain is a decentralized database, which can protect the safety of trade and avoid double payment. Due to the widespread attention of researchers, the studies of this field have increased sharply in recent years. It is meaningful to reveal the development level and trends based on this literature. This paper adopts bibliometric methods to study the collaboration characteristics from the levels of author, institution and country. Furthermore, several kinds of collaboration networks and their centrality analysis are also presented, which not only display the development level and collaboration degree but also the evolution of author collaboration modes in different phases.
Journal:Informatica
Volume 12, Issue 3 (2001), pp. 455–468
Abstract
This paper describes a preliminary algorithm performing epilepsy prediction by means of visual perception tests and digital electroencephalograph data analysis. Special machine learning algorithm and signal processing method are used. The algorithm is tested on real data of epileptic and healthy persons that are treated in Kaunas Medical University Clinics, Lithuania. The detailed examination of results shows that computerized visual perception testing and automated data analysis could be used for brain damages diagnosing.