Open AccessMODELLING THE RISK OF DEFAULT ON FOREIGN ECONOMIC CONTRACTS
Author(s) -
S.M. Kontseba,
S.D. Skurtol,
H.Iu. Rodashchuk
Publication year - 2019
Publication title -
vìsnik
Language(s) - English
Resource type - Journals
eISSN - 2707-1839
pISSN - 2707-1820
DOI - 10.37203/kibit.2019.40.05
Subject(s) - payment , business , work (physics) , business risks , actuarial science , balance of payments , finance , economics , risk analysis (engineering) , international economics , mechanical engineering , engineering
In this article, you can read about the usage of a model for evaluation of the risk of non-payments for foreign economic contracts based on the law of exponential distribution. Approbation of this model revealed that timely evaluation of risks of non-payments to counterparties for foreign economic contracts provides successful work and development of the business. It also helps to decrease the negative impact of risks on the business' economy.