| EPSRC Reference: |
GR/M83704/01 |
| Title: |
MARKOV CHAIN MODELS FOR CREDIT CARD POPULATIONS |
| Principal Investigator: |
Thomas, Professor L |
| Other Investigators: |
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| Department: |
Southampton Management School |
| Organisation: |
University of Southampton |
| Scheme: |
Standard Research (Pre-FEC) |
| Starts: |
01 July 2000 |
Ends: |
30 September 2000 |
Value (£): |
5,805
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| EPSRC Research Topic Classifications: |
| Statistics & Appl. Probability |
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| EPSRC Industrial Sector Classifications: |
| No relevance to Underpinning Sectors |
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Summary on Grant Application Form |
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We propose to develop new Markov chain and Markov decision process models of the credit and purchase behaviour of credit card customers (similar to Professor Scherer's models of bridge maintenance). These processes will have a tractable number of states even if the dynamics is not quite Markov. Using bounds on the variation from Markovitv we will then develop approximation schemes for fully and partially observable Markov decision processes.
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Key Findings |
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This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk
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Potential use in non-academic contexts |
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This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk
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Impacts |
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| Description |
This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk |
| Summary |
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| Date Materialised |
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Sectors submitted by the Researcher |
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This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk
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| Project URL: |
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| Further Information: |
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| Organisation Website: |
http://www.soton.ac.uk |