Risk Evaluation of Strategic Indicators

István  Fekete; Éva Ligetvári; Vivien Ahmed

doi:10.18096/TMP.2015.01.03

Authors

István Fekete Corvinus University of Budapest
Éva Ligetvári University of Miskolc
Vivien Ahmed University of Miskolc

DOI:

https://doi.org/10.18096/TMP.2015.01.03

Keywords:

risk analysis, risk evaluation, integrated risk management, strategic risk management

Abstract

Most risk assessment methods can only be used if historical data are available, as they rely on statistical analysis to assess risks. However, such datais usually missing or imperfect. Of course, the probability of occurrence and impact of these risks should always be assessed (estimated) in a reliable manner. The method presented in the paper has been used in more than 50 different applications up to now. The aim of this paper is to demonstrate how the risks affecting the target values of different strategic indicators can be assessed using the developed method.

Author Biographies

István Fekete, Corvinus University of Budapest

Research Fellow

Éva Ligetvári, University of Miskolc

Ph.D student

Vivien Ahmed, University of Miskolc

Ph.D student

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