The distance to default (DD) and the probability of default (PD) are the essential credit risks in the finance world. It provides an estimate of the likelihood that a borrower will be unable to meet its debt obligations. It is crucial to know which parameter effects more on DD and PD so that...

Orthogonal arrays are of great importance in mathematical sciences. This paper analyses a certain practical advantage of quasi-difference matrices over difference matrices to obtain orthogonal arrays with given parameters. We also study the existence of quasi-difference matrices over cyclic...