Elikucuk, I.Duman, Ekrem2016-02-162016-02-162013978-3-642-40319-4http://hdl.handle.net/10679/2623https://doi.org/10.1007/978-3-642-40319-4_36We 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.enginfo:eu-repo/semantics/restrictedAccessConference paper786741642710.1007/978-3-642-40319-4_36Migrating birds optimization algorithmFraudCredit cardsGenetic algorithms2-s2.0-84892838750