Case-based reasoning supported by genetic algorithms for corporate bond rating

Kyung Shik Shin, Ingoo Han

Research output: Contribution to journalArticlepeer-review

149 Scopus citations

Abstract

A critical issue in case-based reasoning (CBR) is to retrieve not just a similar past case but a usefully similar case to the problem. For this reason, the integration of domain knowledge into the case indexing and retrieving process is highly recommended in building a CBR system. However, this task is difficult to carry out as such knowledge often cannot be successfully and exhaustively captured and represented. This article utilizes a hybrid approach using genetic algorithms (GAs) to case-based retrieval process in an attempt to increase the overall classification accuracy. We propose a machine learning approach using GAs to find an optimal or near optimal weight vector for the attributes of cases in case indexing and retrieving. We apply this weight vector to the matching and ranking procedure of CBR. This GA-CBR integration reaps the benefits of both systems. The CBR technique provides analogical reasoning structures for experience-rich domains while GAs provide CBR with knowledge through machine learning. The proposed approach is demonstrated by applications to corporate bond rating.

Original languageEnglish
Pages (from-to)85-95
Number of pages11
JournalExpert Systems with Applications
Volume16
Issue number2
DOIs
StatePublished - 1999

Keywords

  • Case-based reasoning
  • Corporate bond rating
  • Genetic algorithms
  • Hybrid system

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