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Risk management and analysis: risk assessment (qualitative and quantitative)

Author

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  • Valentin Mazareanu

    () (The Department of Economics, Quantitative Analysis and Business Information Systems, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University)

Abstract

We use to define risk as the possibility of suffering a loss. Starting this, risk management is defined as a business process whose purpose is to ensure that the organization is protected against risks and their effects. In order to prioritize, to develop a response plan and after that to monitor the identified risks we need to asses them. But at this point a question is born: should I choose a qualitative approach or a quantitative one? This paper will make a short overview over the risk evaluation process also proposing a new approach in this direction.

Suggested Citation

  • Valentin Mazareanu, 2007. "Risk management and analysis: risk assessment (qualitative and quantitative)," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 54, pages 42-46, November.
  • Handle: RePEc:aic:journl:y:2007:v:14:p:42-46
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    Citations

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    Cited by:

    1. Szabo Alina, 2012. "Risk Management: An Integrated Approach To Risk Management And Assessment," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 776-781, December.

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    Keywords

    risk management; risk assessment;

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