Application of Discrete Sets in the Risk Theory

Ion Ionita and Marcel Stoica
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Ion Ionita: Professor, Academy of Economic Studies, Bucharest
Marcel Stoica: Professor, Academy of Economic Studies, Bucharest

Journal for Economic Forecasting, 2006, vol. 3, issue 3, 14-25

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.

Keywords: systematic risk; fuzzy theory; dynamic index; average index; discrete sets theory (search for similar items in EconPapers)
JEL-codes: C35 C73 (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v:3:y:2006:i:3:p:14-25

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