Simulation and management of risks in the transport company
https://doi.org/10.32686/1812-5220-2018-15-5-46-55
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 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 en economic effect of its implementation.
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Orlova E.V. Simulation and management of risks in the transport company. Issues of Risk Analysis. 2018;15(5):46-55. (In Russ.) https://doi.org/10.32686/1812-5220-2018-15-5-46-55
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