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Application of Discrete Sets in the Risk Theory

Author

Listed:
  • Ionita, Ion

    (Professor, Academy of Economic Studies, Bucharest)

  • Stoica, Marcel

    (Professor, Academy of Economic Studies, Bucharest)

Abstract

The paper presents an application of the fuzzy sets theory and of the subtle sets in order to evaluate the bankruptcy risk of an organization. The main influence factors of the two antithetical concepts: the gain and the risk of an organization are set. Then, the membership degree of firm activity to gain, respectively to risk is evaluated and the comparison is made. Thus, it results either a favorable condition or a risk of bankruptcy. A numerical application is presented, with a view to understand the described method.

Suggested Citation

  • Ionita, Ion & Stoica, Marcel, 2006. "Application of Discrete Sets in the Risk Theory," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 3(3), pages 14-25, September.
    • Handle: RePEc:rjr:romjef:v:3:y:2006:i:3:p:14-25
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    More about this item

    Keywords

    systematic risk; fuzzy theory; dynamic index; average index; discrete sets theory;
    All these keywords.

    JEL classification:

    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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