We propose a structural credit risk model for consumer lending using option theory and the concept of the value of the consumer’s reputation. Using Brazilian empirical data and ...
Applicants for credit have to provide information for the risk assessment process. In the current conditions of a saturated consumer lending market, and hence falling take rates, ...
The paper presents the first empirical investigation of the relationship between present value of net revenue from a revolving credit account and times to default and to second pu...
This report describes an implementation of the Lin-Kernighan heuristic, one of the most successful methods for generating optimal or nearoptimal solutions for the symmetric travel...
We consider the single itemcapacitated lot{sizingproblem, a well-known productionplanningmodelthat often arises in practical applications, and derive new classes of valid inequali...
Andrew J. Miller, George L. Nemhauser, Martin W. P...