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Traditional And Alternative Approaches To Quantify The Risk For Business

Author

Listed:
  • Anca Jarmila Guţă

    (University of Petroşani, Romania)

  • Gabriela Corina Slusariuc

    (University of Petroşani, Romania)

Abstract

The paper proposes to present the approaches modalities of the risk to which an investor is subjected in various situations during the development of its business. The risk description is based on the idea of quantifying the probability of occurrence and severity of the event the reason for which in the approach of business risk is necessary to treat the probability distributions in the occurence of risk and their construction methods. Paper also highlights how the work of measuring risk can be realized during the development of a business.

Suggested Citation

  • Anca Jarmila Guţă & Gabriela Corina Slusariuc, 2010. "Traditional And Alternative Approaches To Quantify The Risk For Business," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 10(2), pages 149-156.
  • Handle: RePEc:pet:annals:v:10:y:2010:i:2:p:149-156
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    More about this item

    Keywords

    risk for business; probability distributions; occurrence of risk; development of a business; types of risk; main types of loss; types of probability distributions; methods of measuring risk;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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