Case-based reasoning
A case-based approach using inductive indexing for corporate bond rating
Decision Support Systems - Decision-making and E-commerce systems
Dynamic Memory: A Theory of Reminding and Learning in Computers and People
Dynamic Memory: A Theory of Reminding and Learning in Computers and People
Form design of product image using grey relational analysis and neural network models
Computers and Operations Research
A novel fuzzy logic system based on N-version programming
IEEE Transactions on Fuzzy Systems
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This paper aims to develop an integrated model of predicting business failure, using business financial and non-financial factors to diagnose the status of business, thereby providing useful references for business operation. This study applied Rough Set Theory to extract key financial and non-financial factors and Grey Relational Analysis (GRA) as the approach of assigning weights. In addition, Case-Based Reasoning (CBR) are adopted to propose a new hybrid models entitled RG-CBR (combining RST and CBR with GRA) to compare the accuracy rates in predicting failure. After exploring the TEJ (Taiwan Economic Journal) database and conducting various experiments with CBR, RST-CBR and RG-CBR the study finds CBR, RST-CBR and RG-CBR reporting an accuracy rate in predicting business failure of 49.2%, 59.8% and 83.3%respectively. The RG-CBR boasts the highest accuracy rate while also effectively reducing Type I and Type II error rates.