Theoretical considerations regarding risk analysis models

Madalina Anghel, Aurel Diaconu and Marius Popovici
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Madalina Anghel: “ARTIFEX” University of Bucharest
Aurel Diaconu: “ARTIFEX” University of Bucharest
Marius Popovici: Bucharest University of Economic Studies

Romanian Statistical Review Supplement, 2016, vol. 64, issue 9, 64-72

Abstract: The considerations regarding risk analysis and risk management have important use in any economic activity. Due to the actual evolution of the global economy, the number and complexity of the factors influencing economic development grow. Risk becomes a basic aspect associated to the activity of any economic agent. Depending on the abilities and specific capacities, any economic entity will take a certain risk relative to its own activity also known as failure risk. Based on the assumed risk level, the management policies may be adopted and the future strategies set up on short, medium and long term. Generally, economic agents’ risk is considered to be the way the output of an activity varies under the pressure of the outer environment.

Keywords: risk; analysis; decision; model; economy (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)

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