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Economic Decision-Making and the Impact of Risk Management: How They Relate to Each Other

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  • Brian J. Galli

    (Assistant Professor and Graduate Program Director, Master of Science in Engineering Management Industrial Engineering, Hofstra University, USA)

  • Gabrielle Battiloro

    (Long Island University - Post, Brookville, USA)

Abstract

The purpose of this article is to adequately identify and assess economic risk in decision-making within project environments. A systematic literature review approach is used to recognize the key relationships between risk and economic decision-making. The study shows that the most critical element associated with economic decision-making is the risk. The article highlights the implications of this relationship and how it impacts a project-based environment. Review of the literature has shown limited research in this area. This study seeks to fill a gap within the existing research. The results of this research study contribute to economic decision-making and risk management.

Suggested Citation

  • Brian J. Galli & Gabrielle Battiloro, 2019. "Economic Decision-Making and the Impact of Risk Management: How They Relate to Each Other," International Journal of Service Science, Management, Engineering, and Technology (IJSSMET), IGI Global, vol. 10(3), pages 1-13, July.
    • Handle: RePEc:igg:jssmet:v:10:y:2019:i:3:p:1-13
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    Cited by:

    1. Syed Alamdar Ali Shah, 2019. "Integration Of Financial Risks With Non Financial Risks: An Exploratory Study From Pakistani Context," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 8(2), pages 49-65.

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