Detail publikace

Qualitative Models of Bankruptcy Proceedings Integrating Psychological and Economic Aspects

POLÁČEK, T. DOHNAL, M.

Originální název

Qualitative Models of Bankruptcy Proceedings Integrating Psychological and Economic Aspects

Typ

článek v časopise - ostatní, Jost

Jazyk

angličtina

Originální abstrakt

There is a broad spectrum of BP (Bankruptcy Proceedings) models. They are unique, partially subjective, inconsistent, vague and multidimensional. BPs development suffers from IS (Information Shortage). IS often eliminates straightforward application of traditional statistical methods. It is therefore often prohibitively difficult to analyse them using numerical quantifiers. Oversimplified or highly specific BPs are sometimes obtained. Their practical applicability is therefore (very) limited. Artificial Intelligence has developed a number of tools to solve such problems. Qualitative reasoning is one of them. It is based on the least information intensive quantifiers i.e. trends. There are just three trend / qualitative values used to quantify variables and their derivatives: plus/increasing; zero/constant; negative/decreasing. There are qualitative BP knowledge items in equationless forms such as heuristics. For example – if standard of ensured justice is increasing then level of creditors bullying is decreasing. Such verbal knowledge item cannot be incorporated into a traditional numerical model. Qualitative models must be used. A qualitative model can be developed under conditions when the relevant quantitative model must be heavily simplified. The key information input into BPs is expert knowledge. The case study presents a model based on integration of equationless relations using 8 variables e.g. selling of assets, bullying of creditors or ensured justice. The result is represented by 11 scenarios. The paper is self-contained, no a prior knowledge of qualitative models is required. The result is represented by 11 scenarios. The paper is self-contained, no a prior knowledge of qualitative models is required.

Klíčová slova

Insolvency; qualitative variables; bankruptcy related knowledge; bankruptcy proceedings; decision making;

Autoři

POLÁČEK, T.; DOHNAL, M.

Vydáno

23. 8. 2017

ISSN

2367-8925

Periodikum

International Journal of Economics and Management Systems

Ročník

2

Číslo

1

Stát

Kyperská republika

Strany od

198

Strany do

205

Strany počet

8

URL

http://www.iaras.org/iaras/home/caijems/qualitative-models-of-bankruptcy-proceedings-integrating-psychological-and-economic-aspects

BibTex

@article{BUT122401,
  author="Tomáš {Poláček} and Mirko {Dohnal}",
  title="Qualitative Models of Bankruptcy Proceedings Integrating Psychological and Economic Aspects",
  journal="International Journal of Economics and Management Systems",
  year="2017",
  volume="2",
  number="1",
  pages="198--205",
  issn="2367-8925",
  url="http://www.iaras.org/iaras/home/caijems/qualitative-models-of-bankruptcy-proceedings-integrating-psychological-and-economic-aspects"
}