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This research paper presents a secondary study aimed at outline the role of artificial intelligence in the management of financial crisis in a business or organization. The research explored empirical evidence and mathematical modelling to provide reliable data that was used to achieve the objectives of the study. The cases of financial crisis in the UK, US, and Boston Chicken Inc. were used in the...
With the current financial scandals and European debt crisis, corporate financial crisis prediction has become an essential task in the fields of financial and risk management. Numerous pre-warning mechanisms based on statistical or artificial intelligence theories have been introduced in the literature, yet no current pre-warning model presents the best performance under all measurements. With significant...
The exact prediction of financial crises is an essential research task for decision makers. In recent years, data mining techniques have been used to tackle the related problems and perform a satisfactory job in various domains. However, in the information age, utilizing straightforward data mining techniques to predict financial crises has many shortcomings and limitations. Thus, this investigation...
The paper makes analysis of the optimal currency composition of international reserves based on Markowitz mean-variance model using Monte Carlo simulation for solution. We calculate US dollar and Euro as the two major reserve currencies for 2007 through 2009, which is also the financial crisis stage. The model suggests to decrease US dollar in late 2007 and to increase US dollar in mid 2008. Our findings...
According to this article, macroscopic changes in the increasing speed of Chinese consumption indicates that, with the comprehensive influences of the financial crisis and macroscopic control lance, an unexpected change must have taken place in individual consumption behaviour, too. Authors of this article planned to collect microcosmic statistics in respect of individual consumption behavior by means...
A large number of non performing assets in financial institutions is an important reason for causation and deterioration of financial crisis. Asset securitization is considered the effective way to deal with NPA. The key issue of restricting securitization is the selection of NPA. Firstly this paper introduced definition and market players of asset securitization. Secondly, it put forward the principles...
With the effect of financial crisis and economic globalization in recent years, entrepreneurs and scholars begin to focus on keeping competitive advantages through strategic change. As on of the most important driving force of strategic change, strategic momentum guides and identifies the direction of strategic change of enterprises. And strategic change in stable environment also helps enterprises...
In order to avoid the risks associated with blind investment, especially in the current financial crisis, the demand forecast for the market has become very necessary. Data mining is the use of a variety of analysis tools found in the mass data of certain models and the relationship between the process data, it has become in all walks of life to solve the problem by means of an integral, the general...
Taking the advertising laboratory trial findings made by Hill and Mackerel as the theoretical support, the relationship between advertising expenditure and product sales before and after the financial crisis in Chinese enterprises is analyzed empirically by utilizing Grey System on the basis of the specific data got from questionnaire survey. The hypothesis is verified after constructing the model...
The losses on sovereign debt of Iceland and Greece led to concern about current sovereign credit rating systems by Moody's and Standard and Poor's, which can only afterwards adjust the credit score of the corresponding country. In this research, we proposed a Dynamic Multiple Criteria Decision Making Model, which evaluates and ranks the country risk based on historical data and predicts the credit...
Information technology (IT) represents a significant portion of capital expenditures for a firm. With the current financial crisis, it has become increasingly important to ensure that IT investment decisions are aligned with corporate strategy. Strategy maps use a balanced-scorecard approach to help companies formulate their strategy. This paper presents a new technique that uses the analytic hierarchy...
The researches on financial crisis early warning methods are important applied research items. Forecasting the business financial crisis needs to take the existing financial or non-financial information to establish the mathematical model. After analyzing related achievements accomplished on financial crisis management, the relations between corporate governance and financial crisis are discussed...
Model and truth: By thinking in terms of and with the help of models, we consciously give up a language, which implies that we might be the only ones, who are able to know the only truth. We do not say that ldquothese are the facts, and only the facts matterrdquo. A more appropriate language says: ldquoBy assuming this and that, and adopting the set of these rules, we may imply this and thatrdquo...
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