{"id":"https://openalex.org/W2133005941","doi":"https://doi.org/10.1109/ipdps.2008.4536456","title":"Parallel numerical simulation of strategic bankruptcy","display_name":"Parallel numerical simulation of strategic bankruptcy","publication_year":2008,"publication_date":"2008-04-01","ids":{"openalex":"https://openalex.org/W2133005941","doi":"https://doi.org/10.1109/ipdps.2008.4536456","mag":"2133005941"},"language":"en","primary_location":{"id":"doi:10.1109/ipdps.2008.4536456","is_oa":false,"landing_page_url":"https://doi.org/10.1109/ipdps.2008.4536456","pdf_url":null,"source":{"id":"https://openalex.org/S4210174069","display_name":"Proceedings - IEEE International Parallel and Distributed Processing Symposium","issn_l":"1530-2075","issn":["1530-2075"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2008 IEEE International Symposium on Parallel and Distributed Processing","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101862662","display_name":"Yu Cai","orcid":"https://orcid.org/0000-0003-0621-9946"},"institutions":[{"id":"https://openalex.org/I11957088","display_name":"Michigan Technological University","ror":"https://ror.org/0036rpn28","country_code":"US","type":"education","lineage":["https://openalex.org/I11957088"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Yu Cai","raw_affiliation_strings":["Michigan Technological University, USA","Michigan Tech University, Houghton, MI"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Michigan Technological University, USA","institution_ids":["https://openalex.org/I11957088"]},{"raw_affiliation_string":"Michigan Tech University, Houghton, MI","institution_ids":["https://openalex.org/I11957088"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5035918255","display_name":"Howard Qi","orcid":"https://orcid.org/0000-0002-4030-5883"},"institutions":[{"id":"https://openalex.org/I11957088","display_name":"Michigan Technological University","ror":"https://ror.org/0036rpn28","country_code":"US","type":"education","lineage":["https://openalex.org/I11957088"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Howard Qi","raw_affiliation_strings":["Michigan Technological University, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Michigan Technological University, USA","institution_ids":["https://openalex.org/I11957088"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.3936,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":{"value":0.74449971,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"1","last_page":"6"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.996399998664856,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9585999846458435,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bankruptcy","display_name":"Bankruptcy","score":0.8091808557510376},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.6964853405952454},{"id":"https://openalex.org/keywords/monte-carlo-method","display_name":"Monte Carlo method","score":0.6259417533874512},{"id":"https://openalex.org/keywords/computation","display_name":"Computation","score":0.6169509291648865},{"id":"https://openalex.org/keywords/convergence","display_name":"Convergence (economics)","score":0.5934659242630005},{"id":"https://openalex.org/keywords/process","display_name":"Process (computing)","score":0.5584989190101624},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.5075365304946899},{"id":"https://openalex.org/keywords/block","display_name":"Block (permutation group theory)","score":0.4989473819732666},{"id":"https://openalex.org/keywords/stochastic-process","display_name":"Stochastic process","score":0.424439013004303},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.21204841136932373},{"id":"https://openalex.org/keywords/algorithm","display_name":"Algorithm","score":0.19462895393371582},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.15506881475448608},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.11764666438102722}],"concepts":[{"id":"https://openalex.org/C504631918","wikidata":"https://www.wikidata.org/wiki/Q152074","display_name":"Bankruptcy","level":2,"score":0.8091808557510376},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.6964853405952454},{"id":"https://openalex.org/C19499675","wikidata":"https://www.wikidata.org/wiki/Q232207","display_name":"Monte Carlo method","level":2,"score":0.6259417533874512},{"id":"https://openalex.org/C45374587","wikidata":"https://www.wikidata.org/wiki/Q12525525","display_name":"Computation","level":2,"score":0.6169509291648865},{"id":"https://openalex.org/C2777303404","wikidata":"https://www.wikidata.org/wiki/Q759757","display_name":"Convergence (economics)","level":2,"score":0.5934659242630005},{"id":"https://openalex.org/C98045186","wikidata":"https://www.wikidata.org/wiki/Q205663","display_name":"Process (computing)","level":2,"score":0.5584989190101624},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.5075365304946899},{"id":"https://openalex.org/C2777210771","wikidata":"https://www.wikidata.org/wiki/Q4927124","display_name":"Block (permutation group theory)","level":2,"score":0.4989473819732666},{"id":"https://openalex.org/C8272713","wikidata":"https://www.wikidata.org/wiki/Q176737","display_name":"Stochastic process","level":2,"score":0.424439013004303},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.21204841136932373},{"id":"https://openalex.org/C11413529","wikidata":"https://www.wikidata.org/wiki/Q8366","display_name":"Algorithm","level":1,"score":0.19462895393371582},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.15506881475448608},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.11764666438102722},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1109/ipdps.2008.4536456","is_oa":false,"landing_page_url":"https://doi.org/10.1109/ipdps.2008.4536456","pdf_url":null,"source":{"id":"https://openalex.org/S4210174069","display_name":"Proceedings - IEEE International Parallel and Distributed Processing Symposium","issn_l":"1530-2075","issn":["1530-2075"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2008 IEEE International Symposium on Parallel and Distributed Processing","raw_type":"proceedings-article"},{"id":"pmh:oai:digitalcommons.mtu.edu:business-fp-1024","is_oa":false,"landing_page_url":"https://digitalcommons.mtu.edu/business-fp/16","pdf_url":null,"source":{"id":"https://openalex.org/S4377196391","display_name":"Digital Commons - Michigan Tech (Michigan Technological University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I11957088","host_organization_name":"Michigan Technological University","host_organization_lineage":["https://openalex.org/I11957088"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"College of Business Publications","raw_type":"text"},{"id":"pmh:oai:digitalcommons.mtu.edu:business-fp-1128","is_oa":false,"landing_page_url":"https://digitalcommons.mtu.edu/business-fp/106","pdf_url":null,"source":{"id":"https://openalex.org/S4377196391","display_name":"Digital Commons - Michigan Tech (Michigan Technological University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I11957088","host_organization_name":"Michigan Technological University","host_organization_lineage":["https://openalex.org/I11957088"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"College of Business Publications","raw_type":"text"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":17,"referenced_works":["https://openalex.org/W1503873920","https://openalex.org/W1557102941","https://openalex.org/W1971622339","https://openalex.org/W1978934926","https://openalex.org/W2032053874","https://openalex.org/W2070291774","https://openalex.org/W2096360854","https://openalex.org/W2097931238","https://openalex.org/W2104723218","https://openalex.org/W2121799706","https://openalex.org/W2132072990","https://openalex.org/W2134321573","https://openalex.org/W2142996378","https://openalex.org/W4237328531","https://openalex.org/W4255287478","https://openalex.org/W4285719527","https://openalex.org/W6630272209"],"related_works":["https://openalex.org/W2179014274","https://openalex.org/W2734525518","https://openalex.org/W3122549952","https://openalex.org/W4247025800","https://openalex.org/W577805051","https://openalex.org/W326514058","https://openalex.org/W2381785583","https://openalex.org/W2356340798","https://openalex.org/W1594002696","https://openalex.org/W991441479"],"abstract_inverted_index":{"In":[0],"this":[1],"paper,":[2],"we":[3],"extend":[4],"the":[5,29,34,44,50,56,71,94],"strategic":[6],"default":[7],"bankruptcy":[8],"model":[9,35,95,104],"to":[10,63,108],"predict":[11],"risky":[12],"premium":[13,113],"on":[14,43],"defaultable":[15],"bonds":[16],"in":[17,54,114],"a":[18,65,80],"more":[19],"realistic":[20],"economic":[21],"environment.":[22],"By":[23],"considering":[24],"interest":[25],"rates,":[26],"taxes":[27],"and":[28,111],"voltality":[30],"of":[31,93],"business":[32],"operations,":[33],"becomes":[36],"considerably":[37],"complicated,":[38],"which":[39],"imposes":[40],"significant":[41],"challenges":[42],"mathematical":[45],"framework":[46],"as":[47,49],"well":[48],"computation":[51],"power":[52],"required":[53],"simulating":[55],"stochastic":[57],"process.":[58],"Since":[59],"it":[60],"is":[61,75,96],"hard":[62],"obtain":[64],"closed":[66],"form":[67],"analytical":[68],"solution":[69],"for":[70,85],"framework,":[72],"numerical":[73],"simulation":[74],"an":[76],"alternative.":[77],"We":[78],"present":[79],"dynamic":[81],"block":[82],"allocation":[83],"algorithm":[84],"parallel":[86],"Quasi-Monte":[87],"Carlo(QMC)":[88],"simulation.":[89],"The":[90],"convergence":[91],"speed":[92],"also":[97],"studied.":[98],"Simulation":[99],"results":[100],"show":[101],"that":[102],"our":[103],"can":[105],"be":[106],"used":[107],"estimate":[109],"risk":[110,112],"financial":[115],"economics.":[116]},"counts_by_year":[],"updated_date":"2026-06-11T09:08:48.828518","created_date":"2025-10-10T00:00:00"}