The presenter will describe the opportunities for ORMS in the emerging on-line, networked economy. In many ways the major structural changes now underway in industry and commerce play to the strengths of ORMS. Decision makers are now applying more ORMS, not less - to deal with the complexities, dynamics and uncertainties of Australia's changing economy. The presenter will draw on case studies in delivering the benefits of ORMS for strategic and tactical business planning. In particular he will demonstrate new "web-based" decision support application services, and describe the advantages they offer over traditional methods.

Profile of Jay Horton

Jay Horton is a Partner within PricewaterhouseCoopers and leads PwC's Applied Decision Analysis practice in the Asia-Pacific. Jay has over 25 years experience in strategic OR/MS consulting, most recently with his own firm Operations Research Group which was acquired by PricewaterhouseCoopers in 1999. Previously Jay was with McKinsey & Company. He advises business leaders in Australia, New Zealand and Asia in a wide range of corporations in energy and mining, telecommunications, and the consumer and industrial products sectors.

Credit scoring is a statistical means of providing a quantifiable risk factor for a given customer or applicant. It is a process whereby each piece of information provided in a customers credit application is awarded points which are added together to arrive at a score. The model that determines these points is colloquially called a "Scorecard". Credit scoring was invented in the United States in the late 50s. Although immediately successful, it did not meet with widespread acceptance within the consumer credit industry in the USA until the late 70s and in the UK in the late 80s.

Credit scoring now accounts for the majority of consumer credit decisions in the USA, UK & Australia and has benefits to both the borrower and lender.

This presentation will discuss statistical methods used in credit scoring as well as its use around the world.