17
views
0
recommends
+1 Recommend
0 collections
    0
    shares
      • Record: found
      • Abstract: found
      • Article: found
      Is Open Access

      Forming a Risk Management System Based on the Process Approach in the Conditions of Economic Transformation

      , , , , , ,
      Risks
      MDPI AG

      Read this article at

      Bookmark
          There is no author summary for this article yet. Authors can add summaries to their articles on ScienceOpen to make them more accessible to a non-specialist audience.

          Abstract

          The economy is in a state of transformation into a new system, and it is quite realistic that economic entities will be under the influence of certain risky moments. The process of risk analysis and management should be considered by an enterprise as an integral part of enterprise management in extreme conditions of the economic development trajectory and be a guarantor of financial insurance. The goal of this study is the formation of a process approach in enterprise management—the creation of a universal risk management system based on the proposed risk management model to minimize the financial risks of an enterprise. We propose a risk management system that influences the forecasting of financial stability of an enterprise. To form the risk management system, we propose a model of an organisational system, the structural elements of which correspond to the principles of completeness, information capacity and consistency. We identified the diversity of direct and inverse relationships between factorial and productive characteristics, which indicates the complexity of the organisational system management process. The presence of “bottlenecks” in the implementation of expert systems tools was also noted. This was expressed in the difficulty of acquiring the knowledge necessary for the development of meaningful systems and structuring the knowledge gained in a form that is convenient for use. We used the method of qualitative modelling using the apparatus of weighted directed graphs. The study allowed us to formulate a list of factors that characterize the main activities of an enterprise in order to form a mathematical model of enterprise risk management. The developed predictive model is used to simulate extreme events and risks in the process of enterprise development, as one of the foundations of the enterprise management system in the conditions of economic transformation.

          Related collections

          Most cited references22

          • Record: found
          • Abstract: not found
          • Article: not found

          Basic directions for forming perspective forms of agricultural integration

            Bookmark
            • Record: found
            • Abstract: not found
            • Article: not found

            The impact of internal, external and enterprise risk management on the performance of micro, small and medium enterprises

              Bookmark
              • Record: found
              • Abstract: not found
              • Article: not found

              Assessment of the socio-economic impact of the implementation of regional environmental programs for waste management

              (2019)
                Bookmark

                Author and article information

                Contributors
                (View ORCID Profile)
                (View ORCID Profile)
                Journal
                Risks
                Risks
                MDPI AG
                2227-9091
                May 2022
                May 04 2022
                : 10
                : 5
                : 95
                Article
                10.3390/risks10050095
                adef0381-ff3c-4b29-9a42-21f5110e8318
                © 2022

                https://creativecommons.org/licenses/by/4.0/

                History

                Comments

                Comment on this article