Choosing Suitable Risk-Pooling Methods

Gerald Oeser ()
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Gerald Oeser: European University of Applied Sciences

Chapter Chapter 3 in Risk-Pooling Essentials, 2015, pp 25-36 from Springer

Abstract: Abstract Contingency theory suggests that the best way to organize a company or processes depends (is contingent) on internal and external conditions (contingency factors). Thus, we also find that different economic conditions, advantages and disadvantages, and basic trade-offs favor the implementation of one risk-pooling method or a combination of risk-pooling methods. Based on these considerations and the most distinguishing contingency factors in assessing the suitability of risk-pooling methods we develop a Risk Pooling Decision Support Tool (RPDST). This RPDST is devised in the form of a flow chart and implemented in a free downloadable software. The usage of this software is described and illustrated with screenshots. The RPDST supports choosing appropriate risk-pooling methods for a specific situation. At the end of this chapter we critically appraise this decision support tool.

Keywords: Contingency theory; Situational approach; Economic conditions; Advantages; Disadvantages; Performance; Trade-off; Selection of risk-pooling methods; Decision support system; User’s manual (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbrcp:978-3-319-14157-2_3

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DOI: 10.1007/978-3-319-14157-2_3

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