RAMÍK, Jaroslav and Milan VLACH. Bankruptcy problem under uncertainty of claims and estate. Fuzzy Sets and Systems. 2022, p. 1-17. Available from: https://dx.doi.org/10.1016/j.fss.2022.06.023.
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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
Original language Czech
Type of outcome Article in a journal
Field of Study 10102 Applied mathematics
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
WWW URL
Organization unit School of Business Administration in Karvina
Doi http://dx.doi.org/10.1016/j.fss.2022.06.023
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.
Changed by Changed by: prof. RNDr. Jaroslav Ramík, CSc., učo 48844. Changed: 20/12/2022 16:51.
Abstract
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.
Abstract (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.
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