A new approach called the Multiplex Classification Framework has been introduced to address the complexities of classification problems through problem transformation, ontology engineering, and model ensembling.
The framework offers adaptability to any number of classes and logical constraints, a method for managing class imbalance, elimination of confidence threshold selection, and a modular structure.
Experiments comparing the Multiplex approach with conventional classification models showed significant improvement in classification performance, especially in problems with a large number of classes and class imbalances.
However, the Multiplex approach requires understanding of the problem domain and experience with ontology engineering, and involves training multiple models.