A New Perspective Over the Risk Assessment in Credit Scoring Analysis Using the Adaptive Reference System

2016 ◽  
pp. 130-143 ◽  
Author(s):  
Gelu I. Vac ◽  
Lucian V. Găban
Keyword(s):  
Risk Assessment ◽  
Reference System ◽  
Credit Scoring ◽  
New Perspective

scholarly journals “Social Credit System”: historical prerequisites and doctrinal grounds of the phenomenon

2020 ◽  
pp. 72-88
Author(s):  
Roman Z. Rouvinsky ◽  
Alexey A. Tarasov
Keyword(s):  
Social Control ◽  
Credit Scoring ◽  
Social Institutions ◽  
Scoring Systems ◽  
Credit System ◽  
Russian Science ◽  
Republic Of China ◽  
Social Credit ◽  
History Of ◽  
New Perspective

This article is dedicated to identification and examination of doctrinal grounds and historical prerequisites of the" Social Credit System (trustworthiness)” – a project introduced in the People’s Republic of China in the early 2000s, and currently being “exported” from People’s Republic of China to other countries. In the course of this research, the author analyzed the specific Chinese sources and prerequisites for the creation of modern social rating and control system, as well as non-national sources mostly attributed to the history of Western European political legal thought and Western social institutions. Viewing "Social Credit System" as a technique for exercising social control and oversight, the authors discover its origins in J. Bentham’s project" Panopticon ", Taylor’s philosophy of management, Confucian and legalistic traditions of Imperial China, ideas and institutions of the era of Chinese cultural revolution, as well as U.S. credit scoring systems. This article is the first within Russian science to study the historical and doctrinal prerequisites of China’s "Social Credit System”, taking into account the works of foreign scholars dedicated to the history of its establishment.  A new perspective is given on the Confucian ideas the ideas of Fajia (Legalism) School, which are interpreted as complementary sources of the modern system of social control developed in PRC. The authors believe that China’s “Social Credit System” and the related techniques of control represent a so-called “bridge” that connects “Western” history of the development of social institutions with typically “Eastern” political and sociocultural tradition. In conclusion, attention is turned to the positive aspects, as well as “shadow” side of implementation of the mechanism of “Social Credit System”, “reverse” of this process and all accompanying problems thereof.

scholarly journals Мінімізація кредитних ризиків у діяльності сільських кредитних спілок із використанням систем скорингу

2015 ◽  
pp. 99-102
Author(s):  
О. В. Орлов
Keyword(s):  
Risk Assessment ◽  
Credit Risk ◽  
Scoring System ◽  
Scientific Method ◽  
Credit Scoring ◽  
Credit Unions ◽  
Single Model ◽  
Rural Credit ◽  
Effective System

У статті розглянуто проблему кредитних ризиківу роботі сільських кредитних спілок та запропонова-но ефективну систему оцінки таких ризиків з викорис-танням системи скорингу. Наведені теоретичніджерела скорингу, як наукового методу. Надані кон-кретні пропозиції щодо розвитку та застосуванняскорингу в роботі сільських кредитних спілок. Акцен-товано увагу на важливості та необхідності засто-сування зазначеного методу в практичній діяльностіданих організацій, доцільності розробки єдиної моде-лі автоматизованої системи кредитного скорингудля мінімізації кредитних ризиків в роботі сільсько-господарських кредитних спілок. The article deals with the problem of credit risk in the rural credit unions and we offer an effective system of risk assessment using the scoring system. Theoretical sources of scoring as the scientific method are adduced. Specific offers for the development and application of scoring in the rural credit unions are given. We emphasize the importance and the need to use this method in practical activities of these organizations, the feasibility of developing of a single model of an automated credit scoring system in order to minimization of credit risk in the rural credit unions.

scholarly journals The Vicious Circle of Non-performing Assets: An introspection for Indian banks to ensure their profitability amidst COVID – 19 pandemic

2020 ◽  
pp. 179-185
Keyword(s):  
Risk Assessment ◽  
Credit Risk ◽  
Financial Institutions ◽  
Service Providers ◽  
Credit Scoring ◽  
Developed Countries ◽  
Basic Function ◽  
Credit Risk Assessment ◽  
Indian Banks ◽  
Risk Assessment Mechanism

The non performing assets (NPAs) or bad loans, as we understand generally, have always been one of the key challenges for Indian banks and financial institutions and they have been adversely affecting the sustainability of these financial service providers. While performing the basic function of extending credit in order to earn interest income, however, it is also important for these institutions to have an efficient and effective credit risk assessment mechanism in place, so that, a proper balance between profitability and sustainability is maintained. Credit scoring models are one of the most important components of credit risk assessment mechanism and banks and financial institutions of many developed countries have developed credit scoring models based on advanced technologies. On the contrary, most of the Indian banks are still dependent on the traditional way of developing credit scoring models, which might be a deterrent against ensuring safe credit policy amidst the COVID – 19 pandemic.

scholarly journals Switching Internal Times and a New Perspective on the ‘Wave Function of the Universe’

Universe ◽  
2019 ◽  
Vol 5 (5) ◽  
pp. 116 ◽  
Author(s):  
Philipp Höhn
Keyword(s):  
Wave Function ◽  
Quantum Cosmology ◽  
Reference System ◽  
A Priori ◽  
General Covariance ◽  
Quantum Theories ◽  
Dirac Quantization ◽  
New Perspective ◽  
Coordinate Changes ◽  
The Universe

Despite its importance in general relativity, a quantum notion of general covariance has not yet been established in quantum gravity and cosmology, where, given the a priori absence of coordinates, it is necessary to replace classical frames with dynamical quantum reference systems. As such, quantum general covariance bears on the ability to consistently switch between the descriptions of the same physics relative to arbitrary choices of quantum reference system. Recently, a systematic approach for such switches has been developed. It links the descriptions relative to different choices of quantum reference system, identified as the correspondingly reduced quantum theories, via the reference-system-neutral Dirac quantization, in analogy to coordinate changes on a manifold. In this work, we apply this method to a simple cosmological model to demonstrate how to consistently switch between different internal time choices in quantum cosmology. We substantiate the argument that the conjunction of Dirac and reduced quantized versions of the theory defines a complete relational quantum theory that not only admits a quantum general covariance, but, we argue, also suggests a new perspective on the ‘wave function of the universe’. It assumes the role of a perspective-neutral global state, without immediate physical interpretation that, however, encodes all the descriptions of the universe relative to all possible choices of reference system at once and constitutes the crucial link between these internal perspectives. While, for simplicity, we use the Wheeler-DeWitt formulation, the method and arguments might be also adaptable to loop quantum cosmology.

On possible improvment of fundamental star coordinate system using radiointerferometric and photographic Quasar observations

1978 ◽  
Vol 48 ◽  
pp. 135-142 ◽  
Author(s):  
V. S. Gubanov ◽  
I.I. Kumkova
Keyword(s):  
Coordinate System ◽  
Radio Source ◽  
Reference System ◽  
Very Long Baseline Interferometry ◽  
Measuring Method ◽  
Long Baseline ◽  
Wide Range ◽  
New Perspective

At present the astrometry possesses the new perspective measuring method namely very long baseline interferometry (VLBl).Possibility of establishing inertial (unrotating) radio source coordinate system (IRCS) is one of VLBI technique advantages. This system may be useful as a reference system for studying of a wide range of geodynamic, ce -lestial mechanic, geophysic, navigational and other applied astrometry problems.

A new perspective of credit scoring for small and medium-sized enterprises based on invoice data

2021 ◽  
Author(s):  
Yuan Sun ◽  
Weifeng Jian ◽  
Yufeng Fu ◽  
Huiping Sun ◽  
Yuesheng Zhu ◽  
...  
Keyword(s):  
Credit Scoring ◽  
New Perspective

Take a Fresh Look at Existing Hazard Analysis Data to Assess Safety Instrumented System Needs

2000 ◽  
Author(s):  
G. Bradley Chadwell
Keyword(s):  
Risk Assessment ◽  
Hazard Analysis ◽  
Analysis Data ◽  
Global Perspective ◽  
Capital Expenditures ◽  
Traditional Methods ◽  
Accident Scenario ◽  
Major Benefit ◽  
Reduce Risk ◽  
New Perspective

Abstract Many traditional methods for assessing Safety Instrumented Systems (SISs) focus on controlling individual hazards on a scenario-by-scenario basis. In these existing approaches, engineers use a hazard analysis, or other form of risk assessment, to evaluate each potential accident scenario to determine the need for a SIS. While comprehensive, such methods can result in more SISs being defined than are necessary. This paper describes an approach for SISs using existing hazard analysis data from a new perspective. The approach goes beyond traditional scenario-by-scenario methods by explicitly considering the process as a whole. A major benefit is the potential to optimize resources by identifying the minimum set of SISs required to address all the hazards present in the process. Hence, this method can reduce capital expenditures, as well as testing and inspection requirements. This paper discusses the practicalities of taking a global perspective of a process in defining SIS requirements. Additionally, the concept of Importance Measures, used for prioritizing efforts to control and reduce risk, is extended to prioritizing and optimizing SIS selection from a risk-based perspective.

scholarly journals A New Perspective on Low-Cost MEMS-Based AHRS Determination

Sensors ◽  
2021 ◽  
Vol 21 (4) ◽  
pp. 1383
Author(s):  
Neda Navidi ◽  
Rene Landry
Keyword(s):  
Reference System ◽  
Dimensional Space ◽  
Low Cost ◽  
Three Dimensional ◽  
Navigation Systems ◽  
Adaptive Kalman Filter ◽  
Initial Attitude ◽  
New Perspective ◽  
And Control ◽  
Three Dimensional Space

Attitude and heading reference system (AHRS) is the term used to describe a rigid body’s angular orientation in three-dimensional space. This paper describes an AHRS determination and control system developed for navigation systems by integrating gyroscopes, accelerometers, and magnetometers signals from low-cost MEMS-based sensors in a complementary adaptive Kalman filter. AHRS estimation based on the iterative Kalman filtering process is required to be initialized first. A new method for AHRS initialization is proposed to improve the accuracy of the initial attitude estimates. Attitude estimates derived from the initialization and iterative adaptive filtering processes are compared with the orientation obtained from a high-end reference system. The improvement in the accuracy of the initial orientation as significant as 45% is obtained from the proposed method as compared with other selected techniques. Additionally, the computational process is reduced by 96%.

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