Study on the Computerizing Options of the Bankruptcy Prediction Models
Author:
Associate Professor Vasile-Daniel PĂVĂLOAIA, Ph. D.
JEL:
M15, M42, G33
DOI:
Keywords:
bankruptcy, bankruptcy prediction models, web applications
Abstract:
Bankruptcy in general, and especially bankruptcy prediction models, has always been of great interest for both practitioners and theoreticians. Though several computerized systems that allow automated bankruptcy prediction models exist, very few of them are available online. Therefore, in the current paper it is proposed an online computer-based system that allows a comparative analysis using Romanian and international bankruptcy prediction models which analyze and give further direction to a small or medium-sized enterprise that is interested in being studied. In the authors’ opinion, the innovative feature of this system is developed by combining three technologies: web, spreadsheet and expert systems. Thus, the computer based model is accessed throughout a webpage (hosted on an Apache virtual server), is developed using Exsys Corvid and reads variables from two spreadsheet files. For those who prefer a stand alone application, the author proposes an example of computerizing the bankruptcy prediction models within a very popular platform, namely the Spreadsheet programs. Under the light of the above information, the paper brings a new approach towards computerizing the bankruptcy prediction models.\r\n