Is there a Simple ranking/rating algorithm that calculates a score between 0 and 1 given a number of alerts along with its priority.
For example: each system can produce "Low", "Medium" and "High" alerts. I have 100 systems to monitor. How can I create a score based on the number of alerts?
Example: System-1 has 10 Medium and 10 High issues. System-2 has 15 High issues. I need System-2 to rank higher.
Why algorithm? - Alert priority is just one parameter. I have 3 other parameters. So I need an algorithm to compute a score based on an alerts parameters.
Please advice...
Based on what you told us so far, there are infinitely many scores you can assign.
For example, you could say that a low alert gives $1$ point, a medium alert gives $2$ and a high alert gives $3$.
Then, sum all the points you get from alerts, and divide by $300$ (the maximum possible number of points you can get).
But the $1,2,3$ in my example are completely arbitrary. You could equally have $1,10,100$, but I don't know which one fits best for you...