Harold Bierman, Jr.; Hausman, Warren H. - In: Management Science 16 (1970) 8, pp. 519-519
A series of probabilistic models are formulated for the credit granting policy of a firm. First, a single-period analysis is presented for the two-action problem, "give credit or do not give credit." Then a multi-period analysis for the same problem is presented, showing that the single-period...