Approving the ISDWIR Method of Risk Measurement in Making Risk Management Decision

Authors

  • Mikhail Strelnik Department of Enterprise Economy and Industrial Management St. Petersburg State University of Economy (FINEC, Russia)

DOI:

https://doi.org/10.46661/revmetodoscuanteconempresa.2193

Keywords:

Uncertainty, risk, risk management, risk measurement, matrix, incertidumbre, riesgo, gestión de riesgos, medición del riesgo, matriz

Abstract

This paper is devoted to risk management and risk measurement methods. The author considers methods of risk measurement and proposes the Integral Sum of Differential Weighted Indexes of Risks (or ISDWIR) method of risk measurement. The method is based on dynamic enterprise risk matrices. The matrix describes the changes of corporate risk values over the time. The method assists to choose risk management decision having good effects on corporate risk values. The ISDWIR method is also compared with other risk measurement methods.

 

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Published

2016-11-04

How to Cite

Strelnik, M. (2016). Approving the ISDWIR Method of Risk Measurement in Making Risk Management Decision . Journal of Quantitative Methods for Economics and Business Administration, 17, Páginas 42 a 59. https://doi.org/10.46661/revmetodoscuanteconempresa.2193

Issue

Vol. 17 (2014)

Section

Articles

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