Fuzzy Model for Complex Assessment of the Risk of Enterprise Bankruptcy

Among the well-known and most common integral indicators that are used to assess the company’s financial risks is the assessment of the company’s insolvency risk: E. Altman’s model; Credit-Men model; Lis’s model; Toffler’s model; model of D. Chessar; J. Fulmer’s model; French model; universal discriminant model; model O. Tereshchenko. Since these models, as a result of the interpretation of the obtained complex indicators, can give different results for Ukrainian enterprises, therefore it is proposed to use a fuzzy-multiple model of risk assessment, which provides an opportunity to combine the results of the used models into one comprehensive assessment. The use of the proposed approach will allow to increase the accuracy of establishing the current level of financial stability and bankruptcy risk of Ukrainian enterprises, which as a result will make it possible to make an effective, reasoned management decision in order to minimize the risk of bankruptcy.