9Chapter Step 5: Identify Risk Management Alternatives

2009 ◽  
pp. 185-206
Keyword(s):  
Risk Management ◽  
Management Alternatives

scholarly journals Környezeti kockázatok felmérése. Paraméterek bizonytalanságának hatása a kockázatkezelési döntéshozatalra = Assessment of environmental risks – effects of parameter uncertainty to the risk management decisions

2009 ◽  
pp. 10-18
Author(s):  
Dániel Homolya
Keyword(s):  
Risk Management ◽  
Parameter Uncertainty ◽  
Financial System ◽  
Environmental Risks ◽  
Management Decisions ◽  
Short Overview ◽  
Effect Measure ◽  
Similarities And Differences ◽  
Definition Of ◽  
Management Alternatives

A környezeti kockázatok megfelelő felmérése és kezelése napjaink egyik legfontosabb kérdése, nemcsak a szakmai, hanem a széles értelemben vett közvélemény számára. A szerző cikkében azt vizsgálja, hogy a környezeti kockázatok felmérésének milyen megközelítései vannak. Kulcskérdésként pedig arra koncentrál, hogy a kockázatkezelési döntéseket hogyan befolyásolja a becslések bizonytalansága. Először a környezeti kockázat definícióját adja meg, majd azt mutatja be, hogy a környezeti kockázatok kezelésére vonatkozó megközelítések milyen párhuzamban állnak a pénzügyi rendszerrel, mint komplex rendszerre vonatkozó megközelítésekkel. Végül a jelenleg legnagyobb kockázatoknak tartott környezeti kockázatokat ismerteti röviden. A cikk második részében kockázatkezelési alternatívákat mutat be, és azt, hogy a kockázatkezelési lépések kiválasztását befolyásolja a bizonytalanság. Ezt illusztrálandó Brouwer-Blois (2008) modelljét használva a soklépéses szimulációt és alternatív döntési kritériumot – a kritikus (extrém) költség-hatás mutatót – alkalmazza. _____________ Adequate assessment and management of environmental risks is a key question nowadays also for professional experts and also for the overall public. In this article the author examines the different approaches concerning environmental risks. He concentrates as a key question the influence on risk management decisions of uncertainties raised by our estimations. First he analyses the definition of environmental risks, and he shows the similarities and differences between approaches concerning environmental risks and risks threatening financial system, and finally he gives short overview on the most current environmental risks. In the second part of the paper he presents risk management alternatives and analyses the influential power of uncertainty on risk management decisions. In order to illustrate this phenomenon the author applies the model of Brouwer-Blois (2008) with multistep simulation and an alternative decisive criterion, the ranking based on critical (extreme) cost to effect measure.

scholarly journals RISKS AND RISK MANAGEMENT ALTERNATIVES FOR BUILDING CONSTRUCTION INDUSTRY ENTERPRISES IN LATVIA: THE RESULTS OF AN EXPERT SURVEY

2018 ◽  
Vol 1 (10) ◽  
pp. 121
Author(s):  
Sintija Sārtaputna ◽  
Anda Zvaigzne
Keyword(s):  
Risk Management ◽  
Construction Industry ◽  
Risk Mitigation ◽  
Descriptive Analysis ◽  
Building Construction ◽  
Average Risk ◽  
Expert Opinions ◽  
Management Measures ◽  
Management Alternatives ◽  
Prevention Plan

In the era of progressive globalisation, risk has become an integral component of entrepreneurship, which makes it necessary for every enterprise to design a risk prevention plan. The research aim is to assess the expert opinions on risks and risk management alternatives for building construction industry enterprises in Latvia.  To achieve the aim, the following specific research tasks are set: 1) to assess the most essential and widespread risks for building construction industry enterprises in Latvia; 2) to identify the most effective risk management alternatives for building construction industry enterprises.Research methods used: monographic, descriptive, analysis, synthesis, data grouping and a sociological method – a structured expert survey.The research results showed that almost half of the identified risks for building construction industry enterprises could be prevented by applying the risk mitigation strategy and taking various daily control and internal management measures, thereby investing no additional funds and reducing the consequences caused by the existing risks. A calculation of the average risk severity level by risk group revealed that the most essential risks affecting the building construction industry were those related to human capital.To reduce the effect of seasonality and the risk of unforeseeable orders, building construction industry enterprises have to diversify their business, developing some auxiliary kind of economic activity. This would ensure earning revenues throughout the year.  

Evaluation of risk management alternatives for indiana grain producers

2007 ◽  
Vol 67 (1) ◽  
pp. 157-173 ◽  
Author(s):  
Ana R. Rios ◽  
George F. Patrick
Keyword(s):  
Risk Management ◽  
Management Alternatives

scholarly journals In search of robust flood risk management alternatives for the Netherlands

2012 ◽  
Vol 12 (5) ◽  
pp. 1469-1479 ◽  
Author(s):  
F. Klijn ◽  
J. M. Knoop ◽  
W. Ligtvoet ◽  
M. J. P. Mens
Keyword(s):  
Risk Management ◽  
The Netherlands ◽  
Policy Analysis ◽  
Flood Risk ◽  
National Level ◽  
Cost Effective ◽  
Flood Risk Management ◽  
Fatality Risk ◽  
Management Alternatives ◽  
Autonomous Development

Abstract. The Netherlands' policy for flood risk management is being revised in view of a sustainable development against a background of climate change, sea level rise and increasing socio-economic vulnerability to floods. This calls for a thorough policy analysis, which can only be adequate when there is agreement about the "framing" of the problem and about the strategic alternatives that should be taken into account. In support of this framing, we performed an exploratory policy analysis, applying future climate and socio-economic scenarios to account for the autonomous development of flood risks, and defined a number of different strategic alternatives for flood risk management at the national level. These alternatives, ranging from flood protection by brute force to reduction of the vulnerability by spatial planning only, were compared with continuation of the current policy on a number of criteria, comprising costs, the reduction of fatality risk and economic risk, and their robustness in relation to uncertainties. We found that a change of policy away from conventional embankments towards gaining control over the flooding process by making the embankments unbreachable is attractive. By thus influencing exposure to flooding, the fatality risk can be effectively reduced at even lower net societal costs than by continuation of the present policy or by raising the protection standards where cost-effective.

Informed Consent: Myths And Risk Management Alternatives

1986 ◽  
Vol 12 (12) ◽  
pp. 420-425 ◽  
Author(s):  
Lawrence H. Brenner ◽  
Elizabeth A. Gerken
Keyword(s):  
Risk Management ◽  
Informed Consent ◽  
Management Alternatives

scholarly journals Risk assessment in renewable energy production from agriculture biomass in Latvia

2012 ◽  
Vol 66 (1-2) ◽  
pp. 54-58
Author(s):  
Baiba Rivza ◽  
Sandija Rivza ◽  
Peteris Rivza
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Renewable Energy ◽  
Energy Production ◽  
Analytic Network Process ◽  
Renewable Energy Production ◽  
Network Process ◽  
Strategic Goals ◽  
Production Form ◽  
Management Alternatives

Risk assessment in renewable energy production from agriculture biomass in Latvia The concepts "risk", "crisis", "danger" have become commonly used and recognised in various fields of entrepreneurship, governance, agriculture and environment protection. Risk management and risk evaluation nowadays has not only theoretical, but also practical application. Risk assessment is an important factor for successful and sustainable entrepreneurship of bioenergy production, which has become one of the priorities in the energy sector of Latvia — promotion of the use of renewable energy is included as one of the strategic goals for both European Union (EU) and Latvia. The present research focuses on risk assessment and choice of risk management alternatives in renewable energy production form agriculture biomass, since this type of energy is viewed as a perspective source for renewable energy production in Latvia. This field of energy production in Latvia is rather new and scantily explored, and therefore there are many risk factors that arise in different stages of energy production, starting with planning and building of a bioreactor and ending with production and further use and distribution of energy. A risk assessment module for renewable energy production made using Analytic Network Process (ANP) software is described in the paper.

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