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Credit Scoring and Its Applications

Second Edition

Lyn Thomas (author) Jonathan Crook (author)
David Edelman (author)

ISBN: 9781611974553

Publication Date: Nov 2017

Format: Paperback

Contains a comprehensive review of the objectives, methods, and practical implementation of credit and behavioural scoring. The authors review principles of the statistical and operations research methods used in building scorecards, as well as the advantages and disadvantages of each approach. The book also covers practical problems encountered in building, using, and monitoring scorecards.
£95.50

In stock: ships within 24hrs

  • Full Description
  • More Information
  • Table of Contents
  • Author Biography
  • Customer Reviews
Credit Scoring and Its Applications is recognized as the bible of credit scoring. It contains a comprehensive review of the objectives, methods, and practical implementation of credit and behavioral scoring. The authors review principles of the statistical and operations research methods used in building scorecards, as well as the advantages and disadvantages of each approach. The book contains a description of practical problems encountered in building, using, and monitoring scorecards and examines some of the country-specific issues in bankruptcy, equal opportunities, and privacy legislation. It contains a discussion of economic theories of consumers' use of credit, and readers will gain an understanding of what lending institutions seek to achieve by using credit scoring and the changes in their objectives.

New to the second edition are:
  • lessons that can be learned for operations research model building from the global financial crisis
  • current applications of scoring
  • discussions on the Basel Accords and their requirements for scoring
  • new methods for scorecard building and new expanded sections on ways of measuring scorecard performance, and
  • survival analysis for credit scoring.

    • Other unique features include methods of monitoring scorecards and deciding when to update them, as well as different applications of scoring, including direct marketing, profit scoring, tax inspection, prisoner release, and payment of fines.
Pages 368
Dimensions 229 x 152
Date Published 30 Nov 2017
Publisher SIAM - Society for Industrial and Applied Mathematics
Series Mathematics In Industry
Series Part 2
Subject/s Credit & credit institutions   Mathematical modelling  
  • Preface
  • Chapter 1: The History and Philosophy of Credit Scoring
  • Chapter 2: The Practice of Credit Scoring
  • Chapter 3: Common Methods for Building Scorecards
  • Chapter 4: Alternative Methods of Building Scorecards
  • Chapter 5: Survival Methods
  • Chapter 6: Managing the Data in Scorecard Development
  • Chapter 7: Behavioral Scoring
  • Chapter 8: Measuring Scorecard Performance
  • Chapter 9: Implementation and Areas of Application
  • Chapter 10: Economic Issues
  • Chapter 11: Capital Requirements and the Basel Accords
  • Chapter 12: Securitization and the Subprime Mortgage Crisis
  • Chapter 13: Variable Pricing and Risk-Based Pricing
  • Bibliography
  • Index
Lin Thomas was Professor of Management Science at the University of Southampton.

Jonathan Crook is Professor of Business Economics, Deputy Dean, and Director of Research at the University of Edinburgh Business School.

David Edelman is owner of ThreeCs Limited (Caledonia Credit Consultancy), a consulting and training business operating within the retail credit risk arena.

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