Publisher's Synopsis
Credit scoring - the scientific approach to determining which applicants are granted credit - is one of the by-products of the phenominal axpansion in consumer credit in the last two decades. Financial institutions have to develop efficient and sophisticated tools for controlling the granting and monitoring of such credit. These tools are based on statistical and operational research techniques and are some of the most successful applications of statistical theory of the last 20 years, yet the area is almost completely ignored in modern statistical textbooks.;This book is based on the proceedings of a conference on credit scoring and credit control which brought together academics and practioners to consider developments in the subject. The papers discuss how new statistical techniques can be applied in credit scoring, as well as expanding the area were such scoring techniques are proving useful. The problems in implementing scoring systems and how they were overcome are discussed, as well as the changes in the objectives of such systems. The book should be of interest both to statisticians and operation research workers who wish to understand the subject, as well as giving practitioners a reference to the current thinking in this subject.
