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Credit Management and Markov Chains: Modified Total Balance Aging Method

  • Kenneth P. Gee
Chapter

Abstract

Michelsky Ltd is a wholesale jewellers which permits retail jewellers to purchase from it on credit. At the end of March 1989 it had twelve credit customers, whose accounts stood as follows, with all figures in thousands of pounds:

Customer account no.

Owed from March invoices

Owed from February invoices

Owed from invoices in or before January

1

9

14

2

8

3

26

12

4

22

5

18

6

31

7

11

8

9

22

9

16

10

14

4

11

5

21

12

9

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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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