Modeling of security and risk of bankruptcy of enterprise

• Autorzy: Munjishvili T. , Kharabadze E.
• Języki publikacji: EN

Abstrakty

EN

The management problem is especially important due to the risk of enterprise bankruptcy under a market economy. Management by a business risk and to economic stability and safety of enterprise. Now, different methods are used in order that to prevent enterprises’ bankruptcy on the basis of prognoses and safety of risk methods, among from that, maybe, would be marked the following to those: method of DuPont, model of Altman, model of Olson, statistical methods well-known as the “Winnings” methods. The practical use of these models gave us a high result in case of small and middle enterprise. In every model the used discoveries are undertaken from the documents of the official financial reporting. The article analyzes mathematical methods and algorithms used to evaluate financial stability of an enterprise, such as the Altman Z-Score model. The models are designed to evaluate enterprise bankruptcy risks. The central concept is evaluation of the enterprise bankruptcy risk and presentation of an automated risk calculation system.

Słowa kluczowe

EN

risk of bankruptcy; Altman Z-Score model; mathematical methods; automated risk; computers product; security; modeling

• Wydawca: Wydawnictwo Naukowe Akademii Morskiej w Szczecinie
• Czasopismo: Zeszyty Naukowe / Akademia Morska w Szczecinie
• Rocznik: 2013
• Tom: nr 35 (107)
• Strony: 103--108
• Opis fizyczny: Bibliogr. 11 poz., rys., tab.

Twórcy

autor

Munjishvili T.

• Tbilisi State University, Faculty of Economics and Business 0128 Tbilisi, 1 Chavchavadze Ave, Georgia

autor

Kharabadze E.

• Tbilisi State University, Faculty of Economics and Business 0128 Tbilisi, 1 Chavchavadze Ave, Georgia

Bibliografia

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• 2. RÂBININ I.A., Nadežnost’ i bezopasnost’ strukturnosložnyh sistem. Politehnika, Peterburg 2000.
• 3. Enciklopediâ finansogo risk-menedžmenta. Pod red. А.А. Lobanova i А.В. Čugunova, Al’pina, Pablišer, 2003.
• 4. ACCA “Financial Management”, FTC Kaplan limited, 2009.
• 5. ARNOLD G.: The Handbook of Corporate Finance. Financial Times Prentice Hall, 2005.
• 6. www.Altman.com
• 7. KARASSEV V.V., KUZNETSOV A.S., SOLOJENTSEV E.D.: Logical-and-probabilistic approach for problems of risk in economics. Proc. of the Third International Scientific School MA SR – 2003, St-Petersburg, August 20–23, 2003, 111–124.
• 8. SYDSAETER K., HAMMOND P.: Essential Mathematics for Economic Analysis. London 2002.
• 9. MUNJISHVILI Z.: VBA. TSU, Tbilisi 2005.
• 10. MUNJISHVILI Z., MUNJISHVILI T.: Design of processes economic decision in Еxcel. TSU, Tbilisi 2009.
• 11. MUNJISHVILI T.: Mathematical methods management and an estimition of risk of the borrower in commercial banks. Problemy i perespiktivy razvitiâ sotrudničestva meždu stranami Ûro-Vostočnoj Evropy v ramkah Organizacii Černomorskovo ekonomičeskovo sotrudničestva i GUAM 2010.