{"id":971,"date":"2021-03-03T19:33:28","date_gmt":"2021-03-03T19:33:28","guid":{"rendered":"http:\/\/jsr.isrt.ac.bd\/?post_type=article&#038;p=971"},"modified":"2021-03-03T19:53:33","modified_gmt":"2021-03-03T19:53:33","slug":"54n2_2","status":"publish","type":"article","link":"http:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/","title":{"rendered":"Two-dimensional stochastic modeling for predicting bankruptcy for manufacturing companies"},"content":{"rendered":"<p>Increasing accuracy of the model prediction on business bankruptcy helps reduce substantial losses for owners, creditors, investors and workers, and, further, minimize an economic and social problem frequently. In this study, we propose a stochastic model of \ufb01nancial working capital and cash\ufb02ow as a two-dimensional Brownian motion <img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/jsr.isrt.ac.bd\/wp-content\/ql-cache\/quicklatex.com-0bdd951b9e9e6712c99076aa9a542940_l3.png\" class=\"ql-img-inline-formula quicklatex-auto-format\" alt=\"&#88;&#40;&#116;&#41;&#32;&#61;&#32;&#40;&#88;&#95;&#49;&#32;&#40;&#116;&#41;&#44;&#32;&#88;&#95;&#50;&#32;&#40;&#116;&#41;&#41;\" title=\"Rendered by QuickLaTeX.com\" height=\"19\" width=\"166\" style=\"vertical-align: -5px;\"\/> on the business bankruptcy prediction. The probability of bankruptcy occurring in a time interval <img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/jsr.isrt.ac.bd\/wp-content\/ql-cache\/quicklatex.com-431eb37c08ea26a71a6e5536a46c57fe_l3.png\" class=\"ql-img-inline-formula quicklatex-auto-format\" alt=\"&#91;&#48;&#44;&#32;&#84;&#93;\" title=\"Rendered by QuickLaTeX.com\" height=\"18\" width=\"35\" style=\"vertical-align: -5px;\"\/> is de\ufb01ned by the boundary crossing probability of the two-dimensional Brownian motion entering a predetermined threshold domain. Mathematically, we extend the result in Fu and Wu (2016) on the boundary crossing probability of a high dimensional Brownian motion to an unbounded convex hull. The proposed model is applied to a real data set of companies in US and the numerical results show the proposed method performs well.<\/p>\n<p><a href=\"http:\/\/jsr.isrt.ac.bd\/wp-content\/uploads\/54n2_2.pdf\">Fulltext<\/a>:<a href=\"https:\/\/doi.org\/10.47302\/jsr.2020540202\">https:\/\/doi.org\/10.47302\/jsr.2020540202<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Increasing accuracy of the model prediction on business bankruptcy helps reduce substantial losses for owners, creditors, investors and workers, and, further, minimize an economic and social problem frequently. In this study, we propose a stochastic model of \ufb01nancial working capital and cash\ufb02ow as a two-dimensional Brownian motion on the business bankruptcy prediction. The probability of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"issuem_issue":[28],"issuem_issue_categories":[],"issuem_issue_tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Two-dimensional stochastic modeling for predicting bankruptcy for manufacturing companies - JSR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Two-dimensional stochastic modeling for predicting bankruptcy for manufacturing companies - JSR\" \/>\n<meta property=\"og:description\" content=\"Increasing accuracy of the model prediction on business bankruptcy helps reduce substantial losses for owners, creditors, investors and workers, and, further, minimize an economic and social problem frequently. In this study, we propose a stochastic model of \ufb01nancial working capital and cash\ufb02ow as a two-dimensional Brownian motion on the business bankruptcy prediction. The probability of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/\" \/>\n<meta property=\"og:site_name\" content=\"JSR\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-03T19:53:33+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/\",\"url\":\"https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/\",\"name\":\"Two-dimensional stochastic modeling for predicting bankruptcy for manufacturing companies - JSR\",\"isPartOf\":{\"@id\":\"https:\/\/jsr.isrt.ac.bd\/#website\"},\"datePublished\":\"2021-03-03T19:33:28+00:00\",\"dateModified\":\"2021-03-03T19:53:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/jsr.isrt.ac.bd\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\/\/jsr.isrt.ac.bd\/article\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Two-dimensional stochastic modeling for predicting bankruptcy for manufacturing companies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/jsr.isrt.ac.bd\/#website\",\"url\":\"https:\/\/jsr.isrt.ac.bd\/\",\"name\":\"JSR\",\"description\":\"Journal of Statistical Research\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/jsr.isrt.ac.bd\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Two-dimensional stochastic modeling for predicting bankruptcy for manufacturing companies - JSR","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/","og_locale":"en_US","og_type":"article","og_title":"Two-dimensional stochastic modeling for predicting bankruptcy for manufacturing companies - JSR","og_description":"Increasing accuracy of the model prediction on business bankruptcy helps reduce substantial losses for owners, creditors, investors and workers, and, further, minimize an economic and social problem frequently. In this study, we propose a stochastic model of \ufb01nancial working capital and cash\ufb02ow as a two-dimensional Brownian motion on the business bankruptcy prediction. The probability of [&hellip;]","og_url":"https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/","og_site_name":"JSR","article_modified_time":"2021-03-03T19:53:33+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/","url":"https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/","name":"Two-dimensional stochastic modeling for predicting bankruptcy for manufacturing companies - JSR","isPartOf":{"@id":"https:\/\/jsr.isrt.ac.bd\/#website"},"datePublished":"2021-03-03T19:33:28+00:00","dateModified":"2021-03-03T19:53:33+00:00","breadcrumb":{"@id":"https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/jsr.isrt.ac.bd\/article\/54n2_2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/jsr.isrt.ac.bd\/"},{"@type":"ListItem","position":2,"name":"Articles","item":"https:\/\/jsr.isrt.ac.bd\/article\/"},{"@type":"ListItem","position":3,"name":"Two-dimensional stochastic modeling for predicting bankruptcy for manufacturing companies"}]},{"@type":"WebSite","@id":"https:\/\/jsr.isrt.ac.bd\/#website","url":"https:\/\/jsr.isrt.ac.bd\/","name":"JSR","description":"Journal of Statistical Research","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/jsr.isrt.ac.bd\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/jsr.isrt.ac.bd\/wp-json\/wp\/v2\/article\/971"}],"collection":[{"href":"http:\/\/jsr.isrt.ac.bd\/wp-json\/wp\/v2\/article"}],"about":[{"href":"http:\/\/jsr.isrt.ac.bd\/wp-json\/wp\/v2\/types\/article"}],"author":[{"embeddable":true,"href":"http:\/\/jsr.isrt.ac.bd\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/jsr.isrt.ac.bd\/wp-json\/wp\/v2\/comments?post=971"}],"version-history":[{"count":0,"href":"http:\/\/jsr.isrt.ac.bd\/wp-json\/wp\/v2\/article\/971\/revisions"}],"wp:attachment":[{"href":"http:\/\/jsr.isrt.ac.bd\/wp-json\/wp\/v2\/media?parent=971"}],"wp:term":[{"taxonomy":"issuem_issue","embeddable":true,"href":"http:\/\/jsr.isrt.ac.bd\/wp-json\/wp\/v2\/issuem_issue?post=971"},{"taxonomy":"issuem_issue_categories","embeddable":true,"href":"http:\/\/jsr.isrt.ac.bd\/wp-json\/wp\/v2\/issuem_issue_categories?post=971"},{"taxonomy":"issuem_issue_tags","embeddable":true,"href":"http:\/\/jsr.isrt.ac.bd\/wp-json\/wp\/v2\/issuem_issue_tags?post=971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}