Combinations of risk control and risk financing operations
by Panagiotis T. Artikis, Constantinos T. Artikis
International Journal of Decision Sciences, Risk and Management (IJDSRM), Vol. 1, No. 3/4, 2009

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.

Online publication date: Thu, 21-Jan-2010

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