| Author: | Rosenberg, E. Gleit, A. |
| Title: | Quantitative methods in credit management: a survey |
| Journal: | Operations Research
1994 : JUL-AUG, VOL. 42:4, p. 589-613 |
| Index terms: | CORPORATE FINANCE BANKRUPTCY MARKOV CHAINS |
| Language: | eng |
| Abstract: | Many static and dynamic models have been used to assist decision making in the area of consumer and commercial credit. The decisions of interest include whether to extend credit, how much credit to extend, when collections on delinquent accoynts should be initiated, and what action should be taken. The authors survey the use of discriminant analysis, decision trees, and expert systems for static decisions, and dynamic programming, linear programming, and Markov chains for dynamic decision models. |
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