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The economical decision and the management of risk

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Author Info
Mihai Alexandru Costescu (University of Craiova, Romania)
Abstract

The decision process as we know it today is influenced by many factors, especially by the important changes that appear in the economical environment. A good decision can be taken only after analyzing all available data and information, but, at the same time, after identifying and, if possible, reducing the influence of any possible risks that may appear. In this article, we refer to some aspects of the decision and the decision process and, in the second part, to elements regarding risk management.

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Publisher Info
Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Revista Tinerior Economisti(The Young Economists Journal).

Volume (Year): 1 (2008)
Issue (Month): 10 (April)
Pages: 91-94
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Handle: RePEc:aio:rteyej:v:1:y:2008:i:10:p:91-94

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Related research
Keywords: decision; risk management;

Find related papers by JEL classification:
D00 - Microeconomics - - General - - - General
D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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This page was last updated on 2009-11-22.


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