IDEAS home Printed from https://ideas.repec.org/a/inm/orisre/v8y1997i1p51-68.html
   My bibliography  Save this article

Redesigning Case Retrieval to Reduce Information Acquisition Costs

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/isre.8.1.51
    Download Restriction: no

    File URL: https://libkey.io/10.1287/isre.8.1.51?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    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.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:orisre:v:8:y:1997:i:1:p:51-68. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.