SME default prediction: A systematic methodology-focused review

This study reviews the methodologies used in the literature to predict failure in small and medium-sized enterprises (SMEs). We identified 145 SMEs’ default prediction studies from 1972 to early 2023. We summarized the methods used in each study. The focus points are estimation methods, sample re-balancing methods, variable selection techniques, validation methods, and variables included in the literature. More than 1,200 factors used in failure prediction models have been identified, along with 54 unique feature selection techniques and 80 unique estimation methods. Over one-third of the studies do not use any feature selection method, and more than one-quarter use only in-sample validation. Our main recommendation for researchers is to use feature selection and validate results using hold-out samples or cross-validation. As an avenue for further research, we suggest in-depth empirical comparisons of estimation methods, feature selection techniques, and sample re-balancing methods based on some large and commonly used datasets.publishedVersio

A Comprehensive Survey on Enterprise Financial Risk Analysis: Problems, Methods, Spotlights and Applications

Enterprise financial risk analysis aims at predicting the enterprises' future financial risk.Due to the wide application, enterprise financial risk analysis has always been a core research issue in finance. Although there are already some valuable and impressive surveys on risk management, these surveys introduce approaches in a relatively isolated way and lack the recent advances in enterprise financial risk analysis. Due to the rapid expansion of the enterprise financial risk analysis, especially from the computer science and big data perspective, it is both necessary and challenging to comprehensively review the relevant studies. This survey attempts to connect and systematize the existing enterprise financial risk researches, as well as to summarize and interpret the mechanisms and the strategies of enterprise financial risk analysis in a comprehensive way, which may help readers have a better understanding of the current research status and ideas. This paper provides a systematic literature review of over 300 articles published on enterprise risk analysis modelling over a 50-year period, 1968 to 2022. We first introduce the formal definition of enterprise risk as well as the related concepts. Then, we categorized the representative works in terms of risk type and summarized the three aspects of risk analysis. Finally, we compared the analysis methods used to model the enterprise financial risk. Our goal is to clarify current cutting-edge research and its possible future directions to model enterprise risk, aiming to fully understand the mechanisms of enterprise risk communication and influence and its application on corporate governance, financial institution and government regulation

Sustainable Supply Chain Management

The book is a collection of studies dedicated to different perspectives of three dimensions or pillars of the sustainability of supply chain and supply chain management - economic, environmental, and social - and other aspects related to performance evaluation, optimization, and modelling of and for sustainable supply chain management, and thus presents another valuable contribution to sustainable development and sustainable way of life

Simulating the implementation of technological innovations in construction

Introducing new technologies or innovative processes can enhance construction efficiency and enable organisations to achieve objectives of lowering costs, continuous improvement and competitive advantage. New ideas have to show significant benefits before they are accepted. Despite of the differences between the construction and manufacturing industries, opportunities are still available to leam from manufacturing approaches to innovation. A fundamental challenge facing construction innovation is the way that construction organisations plan and control the implementation of innovation where many projects do not fulfil their time and cost objectives. Management should not only improve techniques for planning and scheduling but also allow managers to assess and simulate the anticipated performance resulting from innovation .. According to this assessment, managers would be more able and perhaps more ready to accept new processes/products or iterate the implementation process until a satisfactory level of performance has been achieved. Intangible benefits offered by advanced construction technologies are hard to quantify using traditional economic analysis techniques. This could result in the rejection of a potentially profitable idea. Benefits to be gained from improvements in operational efficiency are measured by cost and time-savings and increasing productivity. These benefits, in addition to intangible benefits, need to be measured and quantified. Simulating the implementation process of innovation has not been addressed, although many models have been developed to describe the innovation process in construction which considered implementation as a sequential process incorporating iterations. [Continues.

Un enfoque de toma de decisiones multicriterio aplicado a la estrategia de transformación digital de las organizaciones por medio de la inteligencia artificial responsable en la nube de las organizaciones. Estudio de caso en el sector de salud

Tesis inédita de la Universidad Complutense de Madrid, Facultad de Estudios Estadísticos, leída el 08-02-2023Organisations are committed to understanding both the needs of their customers and the capabilities and plans of their competitors and partners, through the processes of acquiring and evaluating market information in a systematic and anticipatory manner. On the other hand, most organisations in the last few years have defined that one of their main strategic objectives for the next few years is to become a truly data-driven organisation in the current Big Data and Artificial Intelligence (AI) context (Moreno et al., 2019). They are willing to invest heavily in Data and AI Strategy and build enterprise data and AI platforms that will enable this Market-Oriented vision (Moreno et al., 2019). In this thesis, it is presented a Multicriteria Decision Making (MCDM) model (Saaty, 1988), an AI Digital Cloud Transformation Strategy and a cloud conceptual architecture to help AI leaders and organisations with their Responsible AI journey, capable of helping global organisations to move from the use of data from descriptive to prescriptive and leveraging existing cloud services to deliver true Market-Oriented in a much shorter time (compared with traditional approaches)...Las organizaciones se comprometen a comprender tanto las necesidades de sus clientes como las capacidades y planes de sus competidores y socios, a través de procesos de adquisición y evaluación de información de mercado de manera sistemática y anticipatoria. Por otro lado, la mayoría de las organizaciones en los últimos años han definido que uno de sus principales objetivos estratégicos para los próximos años es convertirse en una organización verdaderamente orientada a los datos (data-driven) en el contexto actual de Big Data e Inteligencia Artificial (IA) (Moreno et al. al., 2019). Están dispuestos a invertir fuertemente en datos y estrategia de inteligencia artificial y construir plataformas de datos empresariales e inteligencia artificial que permitan esta visión orientada al mercado (Moreno et al., 2019). En esta tesis, se presenta un modelo de toma de decisiones multicriterio (MCDM) (Saaty, 1988), una estrategia de transformación digital de IA de la nube y una arquitectura conceptual de nube para ayudar a los líderes y organizaciones de IA en su viaje de IA responsable, capaz de ayudar a las organizaciones globales a pasar del uso de datos descriptivos a prescriptivos y aprovechar los servicios en la nube existentes para ofrecer una verdadera orientación al mercado en un tiempo mucho más corto (en comparación con los enfoques tradicionales)...Fac. de Estudios EstadísticosTRUEunpu

Evolution of artificial intelligence research in Technological Forecasting and Social Change: Research topics, trends, and future directions

Artificial intelligence (AI) is a set of rapidly expanding disruptive technologies that are radically transforming various aspects related to people, business, society, and the environment. With the proliferation of digital computing devices and the emergence of big data, AI is increasingly offering significant opportunities for society and business organizations. The growing interest of scholars and practitioners in AI has resulted in the diversity of research topics explored in bulks of scholarly literature published in leading research outlets. This study aims to map the intellectual structure and evolution of the conceptual structure of overall AI research published in Technological Forecasting and Social Change (TF&SC). This study uses machine learning-based structural topic modeling (STM) to extract, report, and visualize the latent topics from the AI research literature. Further, the disciplinary patterns in the intellectual structure of AI research are examined with the additional objective of assessing the disciplinary impact of AI. The results of the topic modeling reveal eight key topics, out of which the topics concerning healthcare, circular economy and sustainable supply chain, adoption of AI by consumers, and AI for decision-making are showing a rising trend over the years. AI research has a significant influence on disciplines such as business, management, and accounting, social science, engineering, computer science, and mathematics. The study provides an insightful agenda for the future based on evidence-based research directions that would benefit future AI scholars to identify contemporary research issues and develop impactful research to solve complex societal problems

Supplier Selection and Relationship Management: An Application of Machine Learning Techniques

Managing supply chains is an extremely challenging task due to globalization, short product life cycle, and recent advancements in information technology. These changes result in the increasing importance of managing the relationship with suppliers. However, the supplier selection literature mainly focuses on selecting suppliers based on previous performance, environmental and social criteria and ignores supplier relationship management. Moreover, although the explosion of data and the capabilities of machine learning techniques in handling dynamic and fast changing environment show promising results in customer relationship management, especially in customer lifetime value, this area has been untouched in the upstream side of supply chains. This research is an attempt to address this gap by proposing a framework to predict supplier future value, by incorporating the contract history data, relationship value, and supply network properties. The proposed model is empirically tested for suppliers of public works and government services Canada. Methodology wise, this thesis demonstrates the application of machine learning techniques for supplier selection and developing effective strategies for managing relationships. Practically, the proposed framework equips supply chain managers with a proactive and forward-looking approach for managing supplier relationship

Products and Services

Today’s global economy offers more opportunities, but is also more complex and competitive than ever before. This fact leads to a wide range of research activity in different fields of interest, especially in the so-called high-tech sectors. This book is a result of widespread research and development activity from many researchers worldwide, covering the aspects of development activities in general, as well as various aspects of the practical application of knowledge

VIKOR Technique:A Systematic Review of the State of the Art Literature on Methodologies and Applications

The main objective of this paper is to present a systematic review of the VlseKriterijuska Optimizacija I Komoromisno Resenje (VIKOR) method in several application areas such as sustainability and renewable energy. This study reviewed a total of 176 papers, published in 2004 to 2015, from 83 high-ranking journals; most of which were related to Operational Research, Management Sciences, decision making, sustainability and renewable energy and were extracted from the “Web of Science and Scopus” databases. Papers were classified into 15 main application areas. Furthermore, papers were categorized based on the nationalities of authors, dates of publications, techniques and methods, type of studies, the names of the journals and studies purposes. The results of this study indicated that more papers on VIKOR technique were published in 2013 than in any other year. In addition, 13 papers were published about sustainability and renewable energy fields. Furthermore, VIKOR and fuzzy VIKOR methods, had the first rank in use. Additionally, the Journal of Expert Systems with Applications was the most significant journal in this study, with 27 publications on the topic. Finally, Taiwan had the first rank from 22 nationalities which used VIKOR technique