Risk management in road transport

Nicolae Cernaianu

MPRA Paper from University Library of Munich, Germany

Abstract: In road transport, as in other fields of national economy, basing management decisions requires deep knowledge of internal and external environments related economic systems, while the effectiveness of transport activity is transmitted directly to the consumer. Knowledge of diversity and specificity of their risk and individualization of possible areas requires developing a system of adequate and well-grounded predictions. Only in this way creates an overview of the size of uncertainties and risks and contribute to making the decision to mitigate them, and if Road transport in mind, it creates security system business, volume and structure of supply, degree of diversification and its level of quality and consumer appeal.

Keywords: Risk; Uncertainty; Specific risks of road; Investment risk; Limiting risk; Risk heritage; The risk of failing to fulfill obligations; Term risk; Risk integration (search for similar items in EconPapers)
JEL-codes: F41 H54 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:27047

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