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Procese decizionale în cadrul managementului riscurilor
[Decision – making Processes in the Risk Management]

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  • Stefanescu, Razvan
  • Dumitriu, Ramona

Abstract

This paper approaches the risk management as a decision making process in which the best solution to an exposure is found and implemented. Such a process includes five stages: identifying the risk, assessment of exposure, analysis of the alternatives to deal with the exposure, adopting the optimum alternative and the implementation of the adopted solution.

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File URL: http://mpra.ub.uni-muenchen.de/50754/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 50754.

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Date of creation: 17 Oct 2013
Date of revision: 17 Oct 2013
Handle: RePEc:pra:mprapa:50754

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Related research

Keywords: Risk Management; Uncertainty; Business Environment; Decision Making Process;

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  1. Shojai, Shahin & Feiger, George, 2010. "Economists’ hubris – the case of risk management," Journal of Financial Transformation, Capco Institute, Capco Institute, vol. 28, pages 27-35.
  2. Kent D Miller, 1992. "A Framework for Integrated Risk Management in International Business," Journal of International Business Studies, Palgrave Macmillan, Palgrave Macmillan, vol. 23(2), pages 311-331, June.
  3. Arrow, Kenneth J, 1974. "The Use of Unbounded Utility Functions in Expected-Utility Maximization: Response," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 88(1), pages 136-38, February.
  4. James G. March & Zur Shapira, 1987. "Managerial Perspectives on Risk and Risk Taking," Management Science, INFORMS, INFORMS, vol. 33(11), pages 1404-1418, November.
  5. James G. March, 1978. "Bounded Rationality, Ambiguity, and the Engineering of Choice," Bell Journal of Economics, The RAND Corporation, The RAND Corporation, vol. 9(2), pages 587-608, Autumn.
  6. David E. Bell, 1983. "Risk Premiums for Decision Regret," Management Science, INFORMS, INFORMS, vol. 29(10), pages 1156-1166, October.
  7. Milton Friedman & L. J. Savage, 1948. "The Utility Analysis of Choices Involving Risk," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 56, pages 279.
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