Publication detail

Incomplete Decision Trees as Tool for Decision Making Using Interval Arithmetic Related to Reorganization Problems

POLÁČEK, T.

Original Title

Incomplete Decision Trees as Tool for Decision Making Using Interval Arithmetic Related to Reorganization Problems

Type

conference paper

Language

English

Original Abstract

The article deals with the problem of insolvency and bankruptcy from indebted Czech company InterLinka a.s. point of view and its debts on the Czech Republic financial market. The company, which fell into a bankruptcy hearing, has several legislatively supported options how to deal with this situation and repay creditors money. Each of the options has been specified as a branch of a decision-making tree. Two methods of the tree evaluations are used, namely conventional method using already known probabilities acquired statistically from previous cases and by a heuristic - Sensitivity analysis using interval arithmetic. The result is then focused on the comparison and evaluation of the best ways to repay the debt, and how big is change in repayment if the probabilities in chance node are slightly changed because of external conditions. Also including solution for the future continuation of the company currently in liquidation and quantification of percentage refund of creditors claim. A realistic case study is presented in full details

Keywords

Insolvency, restructuring, decision – making tree, probabilities, creditors claim, Interval arithmetic

Authors

POLÁČEK, T.

RIV year

2015

Released

11. 11. 2015

Publisher

International Business Information Management Association (IBIMA)

Location

Madrid

ISBN

978-0-9860419-5-2

Book

Innovation Management and Sustainable Economic Competitive Advantage: From Regional Development to Global Growth

Pages from

3178

Pages to

3188

Pages count

11

BibTex

@inproceedings{BUT118917,
  author="Tomáš {Poláček}",
  title="Incomplete Decision Trees as Tool for Decision Making Using Interval Arithmetic Related to Reorganization Problems",
  booktitle="Innovation Management and Sustainable Economic Competitive Advantage:
From Regional Development to Global Growth",
  year="2015",
  pages="3178--3188",
  publisher="International Business Information Management Association (IBIMA)",
  address="Madrid",
  isbn="978-0-9860419-5-2"
}