Managing Enterprise Risk

Richard M. Adler
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Richard M. Adler: DecisionPath

Chapter Chapter 12 in Bending the Law of Unintended Consequences, 2020, pp 191-213 from Springer

Abstract: Abstract This chapter explores the challenges of critical decisions regarding the management of enterprise-scale risks. Section 12.1 offers a tutorial on risk analysis and risk management. Section 12.2 presents a conceptual model for managing risk adapted from the theory of financial portfolio management. Section 12.3 describes how this portfolio-based approach grounds our test drive model for critical decisions to allocate resources to reduce enterprise risk. Section 12.4 discusses the results from test drives for two decisions about reducing risks from terrorist threats to our national transportation networks. Section 12.5 explains why the portfolio-based decision test drive solution is superior to competing analytic approaches.

Keywords: Simulation; Risk management; Risk analysis; Counter-terrorism; Portfolio management; Decision test drive (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-32714-9_12

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DOI: 10.1007/978-3-030-32714-9_12

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