Authors: Constantin Zopounidis, Augustinos I. Dimitras, C. Zopounidis
ISBN-13: 9780792349006, ISBN-10: 0792349008
Format: Hardcover
Publisher: Springer-Verlag New York, LLC
Date Published: January 1998
Edition: (Non-applicable)
This book provides a new point of view on the subject of business failure prediction, through the application of multicriteria analysis methods. The aim of the book is to provide a review of the research in the area and to explore the adequacy of these methods to one of the most complex problems in the area of financial management. In addition, the book explores the applications of the methods so that it can become a very useful tool for researchers and practitioners. The analysis of the modeling and the results in these applications provides the background for further employment of the methods.
Provides a new point of view on business failure prediction through the application of multicriteria decision aid methods. Reviews research in the area, explores the adequacy of these methods to business failure prediction, and details applications of methods. After a description of the business failure problem and a review of other methods of prediction, chapters cover multicriteria analysis, the ELECTRE TRI method, the Rough Sets method, and the UTA method. A conclusion looks a new paths in research. No index. Annotation c. by Book News, Inc., Portland, Or.
Aknowledgments | ||
Table of Contents | ||
List of Tables | ||
List of Figures | ||
Prologue | ||
Ch. I | Business Failure Research: Some Statistics, Methods, Models and Variables | 1 |
1.2 | Methods and models | 6 |
1.3 | Financial ratios and other characteristics | 24 |
Ch. II | Multicriteria Decision Aid Methodology | 31 |
2.2 | Multiobjective Mathematical Programming | 33 |
2.3 | Multiattribute Utility Theory | 38 |
2.4 | Outranking Relations Approach | 39 |
2.5 | Preference Disaggregation Approach | 41 |
2.6 | Multicriteria Analysis and Business Failure | 42 |
Ch. III | ELECTRE TRI Method and Business Failure Prediction | 45 |
3.2 | ELECTRE TRI | 46 |
3.3 | The study of Dimitras, Zopounidis and Hurson (1995) | 53 |
3.4 | The study of Dimitras (1995) | 60 |
Ch. IV | Rough Sets and Business Failure Prediction | 69 |
4.2 | The study of Slowinski and Zopounidis (1995) | 77 |
4.3 | The study of Dimitras, Slowinski, Susmaga, and Zopounidis (1997) | 89 |
4.4 | The study of Greco, Matarazzo and Slowinski (1997) | 106 |
Ch. V | Preference Disaggregation Method and Business Failure Prediction | 117 |
5.2 | The UTA Method | 117 |
5.3 | The study of Zopounidis (1987) - The MINORA System | 119 |
5.4 | The study of Zopounidis and Doumpos (1997) - The UTADIS method | 135 |
Conclusions | 147 | |
References | 151 |