Combinations of risk control and risk financing operations

Panagiotis T. Artikis and Constantinos T. Artikis

International Journal of Decision Sciences, Risk and Management, 2009, vol. 1, issue 3/4, 234-245

Abstract: Risk treatment operations combining risk control and risk financing operations constitute very strong tools of modern risk management. The cost of such a risk treatment operation is a fundamental factor for developing and implementing proactive and reactive risk management processes. The present paper mainly concentrates on the formulation and applicability of a stochastic model in the description, analysis and manipulation of the cost of a risk treatment operation incorporating a risk frequency reduction operation and a risk retention operation.

Keywords: risk treatment; risk control; risk financing; stochastic modelling; risk management. (search for similar items in EconPapers)
Date: 2009
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