Graduation Year

2018

Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts

Department

Economics

Reader 1

Sean Flynn

Reader 2

Ananda Ganguly

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Terms of Use for work posted in Scholarship@Claremont.

Rights Information

© 2017 Savannah R. Mellberg

Abstract

The surety bond industry plays a vital role in construction and development and as it grows, the need for efficiency increases in order to maximize profits. Many surety firms have developed streamlined formulas for measuring numerical data however, despite the highly interpersonal nature of surety, the qualitative evaluation aspects of prospective clients remains inefficient. This study utilizes System Dynamics models to demonstrate a format that can easily be applied to the surety underwriting process to better and more effectively evaluate client character, ultimately leading to an increase in profits and productivity.

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