Applying migrating birds optimization to credit card fraud detection
Type :
Conference paper
Publication Status :
published
Access :
restrictedAccess
Abstract
We discuss how the Migrating Birds Optimization algorithm (MBO) is applied to statistical credit card fraud detection problem. MBO is a recently proposed metaheuristic algorithm which is inspired by the V flight formation of the migrating birds and it was shown to perform very well in solving a combinatorial optimization problem, namely the quadratic assignment problem. As analyzed in this study, it has a very good performance in the fraud detection problem also when compared to classical data mining and genetic algorithms. Its performance is further increased by the help of some modified neighborhood definitions and benefit mechanisms.
Source :
Trends and Applications in Knowledge Discovery and Data Mining
Date :
2013
Volume :
7867
Publisher :
Springer Science+Business Media
URI
http://hdl.handle.net/10679/2623http://link.springer.com/chapter/10.1007%2F978-3-642-40319-4_36
Collections
Share this page