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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
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" }