Title :
Application of particle swarm optimization to credit risk assessment
Author :
Li, Cheng-An ; Xu, Jing ; Wang, He-Yong
Author_Institution :
Dept. of E-Bus., South China Univ. of Technol., Guangzhou, China
Abstract :
In this paper, we apply particle swarm optimization (PSO) to solve feature subset selection problems. The proposed PSO algorithm is combined with nearest neighbor classifiers. The algorithm is applied to classify credit risk using benchmark data sets from UCI databases. The experimental results presented in the paper demonstrate that the application of our proposed method lets to achieve better results than the existing methods in terms of solution quality and computational efficiency.
Keywords :
financial management; particle swarm optimisation; risk management; UCI databases; credit risk assessment; feature subset selection; nearest neighbor classifiers; particle swarm optimization; Automation; Birds; Computational efficiency; Data mining; Humans; Information analysis; Nearest neighbor searches; Particle swarm optimization; Risk management; Spatial databases;
Conference_Titel :
Information and Automation, 2009. ICIA '09. International Conference on
Conference_Location :
Zhuhai, Macau
Print_ISBN :
978-1-4244-3607-1
Electronic_ISBN :
978-1-4244-3608-8
DOI :
10.1109/ICINFA.2009.5205140