The optimization method for estimating the probability of bankruptcy

Authors

B. Bamadio
Kuban State University, Russian Federation
K. A. Lebedev
Kuban State University, Russian Federation
I. V. Shevchenko
Kuban State University, Russian Federation

Abstract

This work presents the main aspects of modeling the probability of bankruptcy of the enterprise by the example of the five-factor Altman model, using the modern optimization methods. Altman’s model has been improved through the use of standard integral approximation (RMS) for polynomial approximations and simulation.

Keywords

small trading business, financial instruments, leasing, credit, tax breaks, import substitution, innovative products

Authors Info

B. Bamadio

PhD student, Department of Computational Mathematics and Informatics at Kuban State University

K. A. Lebedev

Dr. Sc. (Phys.-Math.), Professor, Professor of the Ddepartment of computational mathematics and Informatics, Kuban state university

I. V. Shevchenko

Dr. in Economics, Professor, Dean of the Faculty of Economics, Head of the Department World Economics and Management, Kuban state university

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Article Details

Issue

2015 · No. 3 (39)

Section

Financial Management

Publication History

Published 2015-10-15

How to Cite

[1]
Bamadio B., Lebedev K.A., Shevchenko I.V. The optimization method for estimating the probability of bankruptcy // Economics: Theory and Practice. 2015. No 3 (39). С. 56–61. URL: https://etip.kubsu.ru/article/view/229

License

Copyright (c) 2025 B. Bamadio, K. A. Lebedev, I. V. Shevchenko

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.