Title: New approach to the definition of risk

Authors: Vyacheslav Zelentsov; Anatoly Ptushkin; Vladimir Zvyagin

Addresses: St. Petersburg Federal Research Center of the Russian Academy of Sciences (SPC RAS), St. Petersburg Institute for Informatics and Automation of the Russian Academy of Sciences (SPIIRAS)39, 14 line V.O., 199178, St. Petersburg, Russia ' A.F.Mozhaisky Military Space Academy 13, Zhdanovskay St., 191198, St. Petersburg, Russia ' A.F.Mozhaisky Military Space Academy 13, Zhdanovskay St., 191198, St. Petersburg, Russia

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.

Keywords: risk; term; standardisation system; decision-making situation; property; quality; uncertainty.

DOI: 10.1504/IJRAM.2021.119969

International Journal of Risk Assessment and Management, 2021 Vol.24 No.1, pp.73 - 83

Received: 20 Aug 2020
Accepted: 08 Jan 2021
Published online: 04 Jan 2022 *

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