This research focuses on how to build a segmentation model for credit customers identify the potential defaulting based their transaction history. Currently, there is no available this possibility of payment failure. Credit scoring helps in minimizing risk when applying credit. However, using RFM (Recency, Frequency, Monetary) models score each variable customer's financial activity. K-means th...

We examine the incentive effects of funding contracts on entrepreneurial effort and on allocative efficiency. We experiment with funding contracts that differ in the structure of investor repayment and, thus, in their incentives for the provision of entrepreneurial effort. Theoretically the replacement of a standard debt contract by a repayment-equivalent non-monotonic contract reduces effort d...

This paper explores the consequences of using supplier trade credit within a vertical relational contract. The downstream firm operates in an environment where shocks may make it unable to repay. The shocks are unobservable to the supplier, which creates an asymmetric information problem. Trade credit limits the supplier’s possibilities to punish the downstream firm and termination is used in e...

In this study a modified entropy-based measure is presented for evaluating the serviceability level of water distribution networks in which the hydraulic uncertainties (flow rates in pipes) as well as the uncertainties due to mechanical parameters (failure probabilities of links) are considered simultaneously. In the proposed entropy calculation method, the connectivity order of the network dem...

The computation of structural failure probability is vital importance in the reliability analysis and may be carried out on the basis of the first-order reliability method using various mathematical iterative approaches such as Hasofer-Lind and Rackwitz-Fiessler (HL-RF). This method may not converge in complicated problems and nonlinear limit state functions, which usually shows itself in the f...

In this paper, we introduce a new five-parameter distribution with increasing, decreasing, bathtub-shaped failure rate called the Beta-Weibull-Logarithmic (BWL) distribution. Using the Sterling Polynomials, various properties of the new distribution such as its probability density function, its reliability and failure rate functions, quantiles and moments, R$acute{e}$nyi and Shannon entropie...