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Process mining with real world financial loan applications: Improving inference on incomplete event logs

In this work, we analyse and model a real life financial loan application belonging to a sample bank in the Netherlands. The event log is robust in terms of data, containing a total of 262 200 event logs, belonging to 13 087 different credit applications. The goal is to work out a decision model, wh...

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Detalles Bibliográficos
Autores principales: Moreira, Catarina, Haven, Emmanuel, Sozzo, Sandro, Wichert, Andreas
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2018
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6312323/
https://www.ncbi.nlm.nih.gov/pubmed/30596655
http://dx.doi.org/10.1371/journal.pone.0207806
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author Moreira, Catarina
Haven, Emmanuel
Sozzo, Sandro
Wichert, Andreas
author_facet Moreira, Catarina
Haven, Emmanuel
Sozzo, Sandro
Wichert, Andreas
author_sort Moreira, Catarina
collection PubMed
description In this work, we analyse and model a real life financial loan application belonging to a sample bank in the Netherlands. The event log is robust in terms of data, containing a total of 262 200 event logs, belonging to 13 087 different credit applications. The goal is to work out a decision model, which represents the underlying tasks that make up the loan application service. To this end we study the impact of incomplete event logs (for instance workers forget to register their tasks). The absence of data is translated into a drastic decrease of precision and compromises the decision models, leading to biased and unrepresentative results. We use non-classical probability to show we can better reduce the error percentage of inferences as opposed to classical probability.
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spelling pubmed-63123232019-01-08 Process mining with real world financial loan applications: Improving inference on incomplete event logs Moreira, Catarina Haven, Emmanuel Sozzo, Sandro Wichert, Andreas PLoS One Research Article In this work, we analyse and model a real life financial loan application belonging to a sample bank in the Netherlands. The event log is robust in terms of data, containing a total of 262 200 event logs, belonging to 13 087 different credit applications. The goal is to work out a decision model, which represents the underlying tasks that make up the loan application service. To this end we study the impact of incomplete event logs (for instance workers forget to register their tasks). The absence of data is translated into a drastic decrease of precision and compromises the decision models, leading to biased and unrepresentative results. We use non-classical probability to show we can better reduce the error percentage of inferences as opposed to classical probability. Public Library of Science 2018-12-31 /pmc/articles/PMC6312323/ /pubmed/30596655 http://dx.doi.org/10.1371/journal.pone.0207806 Text en © 2018 Moreira et al http://creativecommons.org/licenses/by/4.0/ This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Moreira, Catarina
Haven, Emmanuel
Sozzo, Sandro
Wichert, Andreas
Process mining with real world financial loan applications: Improving inference on incomplete event logs
title Process mining with real world financial loan applications: Improving inference on incomplete event logs
title_full Process mining with real world financial loan applications: Improving inference on incomplete event logs
title_fullStr Process mining with real world financial loan applications: Improving inference on incomplete event logs
title_full_unstemmed Process mining with real world financial loan applications: Improving inference on incomplete event logs
title_short Process mining with real world financial loan applications: Improving inference on incomplete event logs
title_sort process mining with real world financial loan applications: improving inference on incomplete event logs
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6312323/
https://www.ncbi.nlm.nih.gov/pubmed/30596655
http://dx.doi.org/10.1371/journal.pone.0207806
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