J 2022

Bankruptcy problem under uncertainty of claims and estate

RAMÍK, Jaroslav and Milan VLACH

Basic information

Original name

Bankruptcy problem under uncertainty of claims and estate

Name in Czech

Problem bankrotu v podmínkách neurčitostí nároků a podstaty

Name (in English)

Bankruptcy problem under uncertainty of claims and estate

Authors

RAMÍK, Jaroslav and Milan VLACH

Edition

Fuzzy Sets and Systems, 2022

Other information

Language

Czech

Type of outcome

Článek v odborném periodiku

Field of Study

10102 Applied mathematics

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

Organization unit

School of Business Administration in Karvina

Keywords (in Czech)

Bankruptcy problem; Division scheme; Intervalové funkce; Intervalové požadavky; Neurčitá jistinaestate

Keywords in English

Bankruptcy problem; Division scheme; Interval valued functions; Interval claims; Fuzzy interval claims; Uncertain estate

Tags

International impact, Reviewed

Links

GA21-03085S, research and development project.
Změněno: 20/12/2022 16:51, prof. RNDr. Jaroslav Ramík, CSc.

Abstract

V originále

In this paper we focus on real 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 bankruptcy problems under interval uncertainty by interval valued mappings. 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 consider the division problems under uncertainty of claims and/or estate and present bankruptcy rule, which are consistent with the classical bankruptcy proportional rule. Several examples are presented to illustrate particular problems and solution concepts.

In English

In this paper we focus on real 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 bankruptcy problems under interval uncertainty by interval valued mappings. 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 consider the division problems under uncertainty of claims and/or estate and present bankruptcy rule, which are consistent with the classical bankruptcy proportional rule. Several examples are presented to illustrate particular problems and solution concepts.