Approach for Economic Risks Modeling and Anti-risk Decision Making in a Transport Company

DOI

10.2991/cmdm-18.2019.8How to use a DOI?

Keywords

economic risk, risk modeling, risk management, prediction of economic efficiency of anti-risk decisions, decision making

Abstract

The article discusses economic risks as a form of uncertainty actualization that characterizes the management decisions quality. An approach to modeling and managing the company's risks which is based on a step-by-step process of identifying the most significant risks and their factors on the basis of simulation modeling and developing management decisions to minimize the economic loss and to minimize the frequency of risk events when it is impossible to completely prevent risks is proposed. This approach was applied in the transport company and demonstrated an economic effect of its implementation.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ekaterina Orlova
PY  - 2019/02
DA  - 2019/02
TI  - Approach for Economic Risks Modeling and Anti-risk Decision Making in a Transport Company
BT  - Proceedings of the Third Workshop on Computer Modelling in Decision Making (CMDM 2018)
PB  - Atlantis Press
SP  - 45
EP  - 50
SN  - 2352-538X
UR  - https://doi.org/10.2991/cmdm-18.2019.8
DO  - 10.2991/cmdm-18.2019.8
ID  - Orlova2019/02
ER  -