BUS606: Operations and Supply Chain Management

As noted, the purpose of the risk assessment phase measurement of risks is based on different criteria. Therefore in most common methods Research evaluation based only limited measures, such as probability and risk impact has been used and this while many researchers unreliable and lack sufficient credibility of these results have been acknowledged. However, in the other studies, such as the organization's ability to respond to risk factors, the degree of uncertainty estimation and quickly deal with the risk, the probability, and the effect of the time, cost, and quality of the project in the ranking risks has been proposed. As well as supplemental indicators of the prpximity and manageability of risk and socio-economic effects and environmental effects is used. In a comprehensive set of evaluation criteria risk aggregation so far simultaneously introduced and used. Defined criteria for risk assessment in this study as either primary or secondary (complementary) with the corresponding symbol in Table 1 are shown. In the criteria of the positive effects of these measures (criteria) to have a higher risk of being critical, the risks are higher. In the measures that have negative side effects increase the risk indicator for the degree of criticality of the risk decreases. It should be noted that these criteria are independent of each other and logical connection between any of the indexes does not exist.