Information quality and customer acquisition: A risk management approach for record matching

Pantea Alirezazadeh, Fidan Boylu, Paulo B Goes

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Consumer credit markets constitute a critical underpinning for the U.S. economy, and outstanding consumer credit accounts for over two-thirds of the U.S. gross domestic product. A viable approach to improve the customer acquisition process and lower the acquisition risks is to implement matching logic software to find entries in a database that belong to the same entity as in the application. In this paper we first employ the use of record matching software and design optimal configuration to minimize financial costs. This analysis shows that while record matching is indeed a useful approach, it fails to capture and correct all errors. Next we explore the option of procuring additional information to help improve accuracy of record matches. We develop models to decide conditions under which it is optimal to exercise the option of information procurement. Our extensive computational analysis explores statistical properties when practical criteria restrict the usage of models only to a sample of data, and explores the calibration of record matching, and when additional information procurement is financially beneficial to credit granting businesses.

Original languageEnglish (US)
Title of host publication2008 Workshop on Information Technologies and Systems, WITS 2008
PublisherSocial Science Research Network
Pages91-96
Number of pages6
StatePublished - 2008
Event2008 Workshop on Information Technologies and Systems, WITS 2008 - Paris, France
Duration: Dec 13 2008Dec 14 2008

Other

Other2008 Workshop on Information Technologies and Systems, WITS 2008
CountryFrance
CityParis
Period12/13/0812/14/08

Fingerprint

Risk management
Statistical methods
Calibration
Costs
Industry
Optimal design

ASJC Scopus subject areas

  • Information Systems
  • Control and Systems Engineering

Cite this

Alirezazadeh, P., Boylu, F., & Goes, P. B. (2008). Information quality and customer acquisition: A risk management approach for record matching. In 2008 Workshop on Information Technologies and Systems, WITS 2008 (pp. 91-96). Social Science Research Network.

Information quality and customer acquisition : A risk management approach for record matching. / Alirezazadeh, Pantea; Boylu, Fidan; Goes, Paulo B.

2008 Workshop on Information Technologies and Systems, WITS 2008. Social Science Research Network, 2008. p. 91-96.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Alirezazadeh, P, Boylu, F & Goes, PB 2008, Information quality and customer acquisition: A risk management approach for record matching. in 2008 Workshop on Information Technologies and Systems, WITS 2008. Social Science Research Network, pp. 91-96, 2008 Workshop on Information Technologies and Systems, WITS 2008, Paris, France, 12/13/08.
Alirezazadeh P, Boylu F, Goes PB. Information quality and customer acquisition: A risk management approach for record matching. In 2008 Workshop on Information Technologies and Systems, WITS 2008. Social Science Research Network. 2008. p. 91-96
Alirezazadeh, Pantea ; Boylu, Fidan ; Goes, Paulo B. / Information quality and customer acquisition : A risk management approach for record matching. 2008 Workshop on Information Technologies and Systems, WITS 2008. Social Science Research Network, 2008. pp. 91-96
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