ON ASSESSMENT OF BANKRUPTCY PROBABILITY

Abstract

The article proves the necessity and possibility to predict the probability of bankruptcy, and suggests technique of applying for these purposes the stochastic imitation modeling - Monte Carlo technique, as well as other techniques of bankruptcy diagnosing, which leads to sufficient increase of reliability of bankruptcy risk assessment.

Keywords

• financial-economical crisis
• bankruptcy
• bankruptcy probability
• economic-mathematical modeling
• monte carlo technique
• bankruptcy probability assessment models
• production modernization and innovative technologies application as a factor of bankruptcy risk reduction