New approach to the definition of risk
by Vyacheslav Zelentsov; Anatoly Ptushkin; Vladimir Zvyagin
International Journal of Risk Assessment and Management (IJRAM), Vol. 24, No. 1, 2021

Abstract: A new interpretation of risk is suggested in the paper. Risk is considered as one of the properties of a decision made under conditions of uncertainty. The proposed risk definition may be considered preferable to all other existing options that do not meet the requirements of the Russian standardisation system. This approach significantly improves the precision of identification of the inventory and nature of the risk factors and therefore expands choices of risk management means and methods.

Online publication date: Tue, 04-Jan-2022

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