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Redesigning Case Retrieval to Reduce Information Acquisition Costs

Author

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  • Vijay S. Mookerjee

    (Department of Management Science, DJ-10, University of Washington, Seattle, Washington 98195)

  • Michael V. Mannino

    (Department of Management Science, DJ-10, University of Washington, Seattle, Washington 98195)

Abstract

Retrieval of a set of cases similar to a new case is a problem common to a number of machine learning approaches such as nearest neighbor algorithms, conceptual clustering, and case based reasoning. A limitation of most case retrieval algorithms is their lack of attention to information acquisition costs. When information acquisition costs are considered, cost reduction is hampered by the practice of separating concept formation and retrieval strategy formation.To demonstrate the above claim, we examine two approaches. The first approach separates concept formation and retrieval strategy formation. To form a retrieval strategy in this approach, we develop the CR lc (case retrieval loss criterion) algorithm that selects attributes in ascending order of expected loss. The second approach jointly optimizes concept formation and retrieval strategy formation using a cost based variant of the ID 3 algorithm ( ID 3 c ). ID 3 c builds a decision tree wherein attributes are selected using entropy reduction per unit information acquisition cost.Experiments with four data sets are described in which algorithm, attribute cost coefficient of variation, and matching threshold are factors. The experimental results demonstrate that (i) jointly optimizing concept formation and retrieval strategy formation has substantial benefits, and (ii) using cost considerations can significantly reduce information acquisition costs, even if concept formation and retrieval strategy formation are separated.

Suggested Citation

  • Vijay S. Mookerjee & Michael V. Mannino, 1997. "Redesigning Case Retrieval to Reduce Information Acquisition Costs," Information Systems Research, INFORMS, vol. 8(1), pages 51-68, March.
  • Handle: RePEc:inm:orisre:v:8:y:1997:i:1:p:51-68
    DOI: 10.1287/isre.8.1.51
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    Citations

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    Cited by:

    1. Zhiqiang Zheng & Balaji Padmanabhan, 2006. "Selectively Acquiring Customer Information: A New Data Acquisition Problem and an Active Learning-Based Solution," Management Science, INFORMS, vol. 52(5), pages 697-712, May.
    2. Parag Pendharkar & Sudhir Nanda, 2006. "A misclassification cost‐minimizing evolutionary–neural classification approach," Naval Research Logistics (NRL), John Wiley & Sons, vol. 53(5), pages 432-447, August.
    3. Michael V. Mannino & Vijay S. Mookerjee, 1999. "Optimizing Expert Systems: Heuristics for Efficiently Generating Low-Cost Information Acquisition Strategies," INFORMS Journal on Computing, INFORMS, vol. 11(3), pages 278-291, August.
    4. Voorberg, S. & van Jaarsveld, W. & Eshuis, R. & van Houtum, G.J., 2023. "Information acquisition for service contract quotations made by repair shops," European Journal of Operational Research, Elsevier, vol. 305(3), pages 1166-1177.
    5. P Pendharkar, 2009. "Misclassification cost minimizing fitness functions for genetic algorithm-based artificial neural network classifiers," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(8), pages 1123-1134, August.
    6. Vijay S. Mookerjee & Michael V. Mannino, 2000. "Mean-Risk Trade-Offs in Inductive Expert Systems," Information Systems Research, INFORMS, vol. 11(2), pages 137-158, June.

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