D 2021

Bankruptcy Problem Under Uncertainty

RAMÍK, Jaroslav

Basic information

Original name

Bankruptcy Problem Under Uncertainty

Name in Czech

Problém bankrotu za neurčitosti

Authors

RAMÍK, Jaroslav

Edition

Karviná, 3rd International conference on Decision making for Small and Medium-Sized Enterprises. Conference Proceedings. p. 525-541, 7 pp. 2021

Publisher

Karviná: Silesian University in Opava, School of Business Administration in Karviná

Other information

Language

English

Type of outcome

Stať ve sborníku

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

printed version "print"

Organization unit

School of Business Administration in Karvina

ISBN

978-80-7510-457-1

Keywords in English

bankruptcy problem, division scheme, interval claims, fuzzy interval claims, uncertain estate

Links

GA21-03085S, research and development project.
Změněno: 2/1/2024 20:45, prof. RNDr. Jaroslav Ramík, CSc.

Abstract

V originále

In this paper we concentrate on situations where certain perfectly divisible estate has to be divided among claimants who can merely indicate the range of their claims, and the available amount is smaller than the aggregated claim. Funds’ allocation of a firm among its divisions, taxation problems, priority problems, distribution of costs of a joint project among the agents involved, various disputes including those generated by inheritance, or by cooperation in joint projects based on restricted willingness to pay, fit into this framework. The corresponding claim of each claimant can vary within a closed interval or fuzzy interval. For claims, fuzzy intervals are applied whenever the claimants can distinguish a possibility of attaining the amount of estate, and/or its membership degree of a possibility of attainment. When claims of claimants have fuzzy interval uncertainty, we settle such type of division problems by transforming it into division problems under interval uncertainty. A similar approach is applied to deal with uncertainty of estate to be divided. Here, a probability interpretation can also be considered e.g. in taxation problems. We classify the division problems under uncertainty of claims and/or estate and present basic division scheme, which is consistent with the classical bankruptcy proportional rule. Two examples are presented to illustrating particular problems and solution concepts.