Fuzzy Numbers in the Credit Rating of Enterprise Financial Condition

Most of the parameters used to describe the credit rating are in linguistic terms, which are vague and difficult to put into precise numerical values. Fuzzy set theory, which was developed to handle this kind of vagueness, is used to represent and to aggregate the various linguistic data usually used in commercial banks. To illustrate the approach, numerical examples are solved and compared with existing approaches.     

An examination of the moderating effect of channel member firm size on perceptions of preferred channel linkages

The purpose of this study was to empirically test a model of channel member preferability status. The channel linkage examined was the food manufacturer—food broker interface. The results of the study suggest that the preferability status of a food manufacturer as perceived by a food broker is a function of manufacturer coercive and noncoercive power, food broker organizational role stress, and food broker performance. The findings also suggest that some of the relationships are moderated by the size of the respondent's firm. Both authors contributed equally in this study.     

An examination of the relative economic efficiency of commercial vs. cooperative telephone companies

In this study, the authors examine the relative economic efficiency of the commercial and cooperative telephone companies in the United States. A national sample of over 900 firms using annual data for the years 1973 through 1980 is analyzed. A Cobb-Douglas profit function is employed in the study. The results indicate that commercial firms are more profitable than cooperatives (and, therefore, are more economically efficient), that both types of firms are price takers in the output market, that there is evidence of regulatory effectiveness, that market density affects profits, and that commercial firms experience increasing returns to scale while cooperatives do not.     

Supply Dynamics in the U.S. Hog Industry

A variety of methods and empirical techniques are now available for estimating dynamic economic relationships. Unfortunately, most dynamic modeling procedures rely heavily on the sample data for specification. This is due to a lack of a priori information useful for determining the appropriate lag structure. However, there is frequently a rich source of information that can be used to define lag structures in agricultural supply models. This information is related to the biological and physiological processes characterizing agricultural production. In this paper, a quarterly econometric model of supply response in the U.S. hog industry is specified and estimated. This model incorporates relevant biological features of hog production directly into the specification. The structural integrity of the model is evaluated by examining post-sample predictive ability and mean-path elasticities. The results indicate performance that is consistent with observed behavior in the U.S. hog industry. Nous disposons aujourd'hui de toute une gamme de méthodes et de techniques empiriques pour ?estimation des rapports économiques dynamiques. Malheureusement, la plupart des méthodes de modélisation dynamique dépendent étroitement, pour leurs spécifications, sur des données échantillonnées. Ceci découle ?un manque ?informations a priori utiles pour la détermination de la structure de retard appropriée. Toutefois, on dispose fréquemment ?une riche source ?informations qui peuvent servir à définir les structures de retard dans les modèles de ?offre en agriculture. Cette information est liée aux processus biologiques et physiologiques caractérisant la production agricole. Dans le présent document, nous procédons à la spécification et à ?estimation ?un modèle économétrique trimestriel du comportement de ?offre dans le secteur américain du pore. Ce modèle incorpore directement dans la spécification les caractéristiques biologiques pertinentes de la production porcine. Nous évaluons ?intégrité structurale du modèle en examinant ?aptitude prédictive post-échantillonnage et les valeurs moyennes ?élasticité. Nos résultats laissent conclure à une performance qui vient corroborer le comportement observé dans le secteur américain du porc.