Home  Journals  Economic Analysis: Theory and Practice  30(195) - 2010 September

Formation of multifactor criteria for evaluating viability of the organization using the analytic hierarchy process and econometrics tools

Available online: 30 September 2010

Subject Heading: Economic-mathematical modelling

JEL Classification: 

Despite huge amount of researches, dedicated to analysis of factors and methods of viability of organizations, their results are not exhaustive. Disadvantages of all existing methods and criteria of estimation of bankruptcy, controversial results of testing make us to look for new approaches. The attempt of integration of two methods: the analytic hierarchy process and econometric analysis is presented in this article. The developing method was tested on 33 organizations. The presented approach is recommended as a solution for mentioned financial and economical problems, for the reason of providing more reliable, flexible and detailed estimation of bankruptcy probability.

Keywords: bankruptcy, multifactor criteria, the analytic hierarchy process, model of binary choice

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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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