A comprehensive model for managing credit risk on home mortgage portfolios

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L. Douglas Smith is a professor of management science and information systems and director of the Center for Business and Industrial Studies at the University of Missouri-St. Louis. He holds a Ph.D. in management sciences from the University of Minnesota and an M.B.A. and B.Sc. (physics) from McMaster University. Dr. Smith is a former associate editor of Decision Sciences and has published in numerous other journals, including Transportation Research, European Journal of Operational Research, International Journal of Production Research, OMEGA and INFOR. His research has emphasized the development of models and computer-based systems for the solution of managerial problems.

Susan M. Sanchez is an associate professor of management science and information systems at the University of Missouri-St. Louis. She received her Ph.D. in operations research from Cornell University. Her research interests include experimental design, response-surface modeling, and selection procedures, with applications in quality engineering, simulation, health care, and business. Her prior research has been published in a variety of journals, including Management Science, JASA, Health Services Research, Academy of Management Review and American Journal of Sociology. She currently serves as an associate editor for Naval Research Logistics and for Operations Research.

Edward C. Lawrence is a professor of finance in the School of Business Administration at the University of Missouri-St. Louis. He received his Ph.D. in finance from The Pennsylvania State University. He has written extensively in the areas of banking and corporate finance. His published articles have appeared in Journal of Finance, Decision Sciences, Journal of Banking and Finance, among others.

Copyright American Institute for Decision Sciences Spring 1996
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