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WSC
2004

Modeling and Simulation of Consumer Credit Originations Processes

13 years 5 months ago
Modeling and Simulation of Consumer Credit Originations Processes
Staffing decisions in a consumer credit origination environment have a significant impact on the financial institution's costs as well as customer service levels. Staff resources account for a substantial portion of the expenses in processing and servicing home equity or consumer loans. This paper describes a staffing model, known as the Capacity Planning Simulation Model (CPSM), used in the Originations Division of Wells Fargo Bank's Consumer Credit Group. The CPSM utilizes process mapping, spreadsheet modeling, and Monte Carlo simulation to model demand uncertainty and process variation, observed during the course of processing a consumer credit loan. We review the model formulation, verification, validation, and application.
Hung-Nan Chen, Jihong Jin, Geetha Rajavelu, Charle
Added 31 Oct 2010
Updated 31 Oct 2010
Type Conference
Year 2004
Where WSC
Authors Hung-Nan Chen, Jihong Jin, Geetha Rajavelu, Charles Reichenbach
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