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Vol 159 No 1
Pages:
197-199
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RUS

Distribution of risk management costs according to the impact method criterion

Authors:
A. V. Smetankin
About authors
  • Postgraduate student G.V. Plekhanov Saint Petersburg State Mining Institute
Date submitted:
2003-06-27
Date accepted:
2003-07-12
Date published:
2004-12-21

Abstract

The technique of distribution of the planned expenses on management of investment risks of the industrial enterprise on expenses on reduction and insurance of risks is considered. The methodology is based on the principle of dependence of the assumed method of management on the affiliation of a separate identified risk to an aggregated group of risks affecting the dissimilar cash flows of the investment project, allows to determine the economically acceptable risk by conditional dependence of the risk function dynamics on the objectively irreducible residual risk. It can be used at production enterprises in order to ensure the economic acceptability of risk management costs and residual risk losses.

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References

  1. Управление риском: Риск, устойчивое развитие, синергетика. М.: Наука, 2000.
  2. Jurion Ph. Value at risk. N.Y.: McGraw-Hill Professional, 2000.
  3. Kates G. Risk management systems: Risk professional. L.: Informa Group, 2000.
  4. Kennett R. Towards a grand unified theory of risk. L.: Informa Business Publishing, 2000.

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