The assessment of financial risks is a problem of major interest for corporate entities (organizations, financial institutions, firms, etc.). The vulnerable economic and financial environments necessitate the development of operational approaches to measure and control financial risks. Most of...

The classification of a set of alternatives into predefined homogenous groups is a problem with major practical interest in many fields. Over the past two decades several non-parametric approaches have been developed to address the classification problem, originating from several scientific...

The classification of a set of objects into predefined homogenous groups is a problem with major practical interest in many fields. Over the past two decades several non-parametric approaches have been developed to address the classification problem, originating from several scientific fields....

Credit rating models are widely used by banking institutions to assess the creditworthiness of credit applicants and to estimate the probability of default. Several pattern classification algorithms are used for the development of such models. In contrast to other pattern classification tasks,...

The goal of this paper is to build an operational model for evaluating the financial viability of local municipalities in Greece. For this purpose, a multicriteria methodology is implemented combining a simulation analysis approach (stochastic multicriteria acceptability analysis) with a...

Financial decision making is involved with a plethora of important issues for individual and institutional investors, managers of firms and organizations, as well as policy makers. The finance theory has adopted the wealth maximization principle, focusing on normative and descriptive approaches...