The cost-effectiveness evaluation of marketing and maintenance projects by the RankNet-assisted algorithm

The cost-effectiveness evaluation for power enterprises is concentrated in the field of power grid construction projects with large investment scales, while such analysis aiming at marketing and maintenance projects (MMPs) remains to be studied. Meanwhile, issues such as the low universality of evaluation indices and the over-complexity of the evaluation model culminate in the gap between the theory and practical application. This paper proposes a novel RankNet-based algorithm to prioritize MMPs, which provides a scientific reflection of both professional and economic impacts, thereby addressing the shortcomings in current cost-effectiveness evaluation. Firstly, an unsupervised learning technique is adopted to select representative projects of different types. Secondly, a comprehensive evaluation system with reasonable weights for each index is established by the Analytic Hierarchy Process and Entropy Weight Method (AHP-EWM). On this basis, a fuzzy comprehensive evaluation is presented to generate the scores thus the cost-effectiveness of each project is quantified. Finally, the advantages of the proposed method are verified compared with traditional methods by a practical case.

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Publication Details

Journal
IET conference proceedings.
Published
2025-03-01
DOI
https://doi.org/10.1049/icp.2025.0738
Primary Topic
Advanced Research in Systems and Signal Processing
Type
article
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article

The cost-effectiveness evaluation of marketing and maintenance projects by the RankNet-assisted algorithm

Shenghua Wang, Junmin Zhang, Yu Tian, Xuan Yang et al.
IET conference proceedings.
Advanced Research in Systems and Signal Processing
article

The cost-effectiveness evaluation of marketing and maintenance projects by the RankNet-assisted algorithm

Shenghua Wang, Junmin Zhang, Yu Tian, Xuan Yang, Quanhui Sun
article en

Abstract

The cost-effectiveness evaluation for power enterprises is concentrated in the field of power grid construction projects with large investment scales, while such analysis aiming at marketing and maintenance projects (MMPs) remains to be studied. Meanwhile, issues such as the low universality of evaluation indices and the over-complexity of the evaluation model culminate in the gap between the theory and practical application. This paper proposes a novel RankNet-based algorithm to prioritize MMPs, which provides a scientific reflection of both professional and economic impacts, thereby addressing the shortcomings in current cost-effectiveness evaluation. Firstly, an unsupervised learning technique is adopted to select representative projects of different types. Secondly, a comprehensive evaluation system with reasonable weights for each index is established by the Analytic Hierarchy Process and Entropy Weight Method (AHP-EWM). On this basis, a fuzzy comprehensive evaluation is presented to generate the scores thus the cost-effectiveness of each project is quantified. Finally, the advantages of the proposed method are verified compared with traditional methods by a practical case.

IET conference proceedings.Vol. 2024(33)
State Grid Corporation of China (China) (CN), Huzhou Normal University (CN), Shanghai Electric (China) (CN)
Openalex Percentile: Top 95%
Advanced Research in Systems and Signal Processing
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The cost-effectiveness evaluation of marketing and maintenance projects by the RankNet-assisted algorithm — Shenghua Wang, Junmin Zhang, et al. · IET conference proceedings. (2025) | TGRS Research Map | TGRS