Table 3

Approaches proposing solution methods

References
Authors
Solution methods
Credit scoring models
Sinha and Zhao (2008) LR, DT, NB, k-NN, ANN, SVM and Decision Table
Antonakis and Sfakianakis (2009) CT, NB, LD, LR, k-NN and ANN
Finlay (2009) GA
Ince and Aktan (2009) DA, LR, CART and ANN
Šušteršič et al. (2009) GA, LR, EBP and ANN
Finlay (2010) GA
Liu and Bo (2011) SA, GA and NB
Vukovic et al. (2012) GA, k-NN and CBR
Bravo et al. (2013) LR and KDD
Kruppa et al. (2013) RF, LR and k-NN
Verbraken et al. (2014) LR, EMP and ANN
Kozeny (2015) GA
Řez áč (2015) MCS and ESIS2 Algorithm
Serrano-Cinca and Gutié rrez-Nieto (2016) DT, MR and IRR
Krichene (2017) NB and ANN
Maldonado et al. (2017) SVM
Bastani et al. (2019) LR, IHT, IRR and SMOTE
Çi ǧş ar and Ü nal (2019) LR, RF, NB, MP, J48 Algorithm and Bayesian Networks
Kozodoi et al. (2019) EMP and NSGA-II Algorithm
Sariannidis et al. (2020) LR, NB, DT, RF, SVC, k-NN and LSVC
Li and Chen (2020) DT, LR, RF, NB, ANN, SVM, XGBoost, AdaBoost and LightGBM
Nalić and Martinovic (2020) GLC and SVM
Trivedi (2020) RF, DT, NB and SVM
Ashofteh and Bravo (2021) LR, RF, ANN and SVM
Carta et al. (2021) GB, AB, RF, DT and MP
Dastile and Celik (2021) CNNs
Djeundje et al. (2021) LR, RR, PCA, XGBoost and LASSO Regression
Kang et al. (2021) RF, DT, XGBoost, LightGBM and Borderline-SMOTE
Laborda and Ryoo (2021) LR, RA, SVM and k-NN
Li et al. (2021) DT, LR, RF, GB and ML-LightGBM
Roa et al. (2021) EMP and SGB
Roy and Shaw (2021a) AHP and TOPSIS
Roy and Shaw (2021b) BWM and TOPSIS
Xia et al. (2021) LR, RF, CatBoost and XGBoost
Kozodoi et al. (2022) LR, ANN, RF, XGBoost and EMP
Roy and Shaw (2022) BWM and TOPSIS

Note(s): Referenced abbreviations: NB – Naive Bayes; DT – Decision Trees; RF – Random Forests; VS – Variable Selection; RR – Ridge Regression; GB – Gradient Boosting; GA – Genetic Algorithm; AB – Adaptive Boosting; CT – Classification Trees; LR – Logistic Regression; LD – Linear Discriminant; SA – Simulated Annealing; DA – Discriminant Analysis; MP – Multilayer Perceptron; k-NN – k-Nearest; Neighbors; IRR – Internal Rate of Return; BWM – Best-Worst Method; CBR – Case-Based Reasoning; MP – Multilayered Perceptron; MR – Multivariate Regression; SVM – Support Vector Machine; MCS – Monte Carlo Simulations; EMP – Expected Maximum Profit; SVC – Support Vector Clustering; ANN – Artificial Neural Networks; SGB – Stochastic Gradient Boosting; AHP – Analytic Hierarchy Process; IHT – Instance Hardness Threshold; PCA – Principal Component Analysis; XGBoost – Extreme Gradient Boosting; GLC – Generalised Linear Classification; CNNs – Convolutional Neural Networks; CatBoost – Categorical Gradient Boosting; KDD – Knowledge Discovery in Databases; ML-LightGBM – Light Gradient Boosting Machines; CART – Classification and Regression Trees; SMOTE – Synthetic Minority Oversampling Technique; LASSO – Least Absolute Shrinkage and Selection Operator; TOPSIS – Technique for Order of Preference by Similarity to Ideal Solution; Borderline-SMOTE – Modified Synthetic Minority Oversampling Technique

Source(s): Own elaboration

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