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Credit Management and Markov Chains: Partial Balance Aging Method

  • Kenneth P. Gee
Chapter

Abstract

Langdale Ltd uses partial balance aging to classify the amounts of money owed to it. Over the last 3 months of 1989, the total of debts owed to Langdale Ltd increased in the following manner:

End of

Total owed (£)

October

764927

November

871464

December

912960

Copyright information

© Kenneth P. Gee 1986

Authors and Affiliations

  • Kenneth P. Gee
    • 1
  1. 1.Department of Business and AdministrationUniversity of SalfordUK

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