Formation of a Comprehensive Model of the Risk Management System of a Coal Mining Enterprise
Andrey Vladimirovich Velikoselsky, Yu. A. Kluchnikova
Abstract
Open-access reader
Andrey Vladimirovich Velikoselsky, Yu. A. Kluchnikova
Abstract
Open-access reader
In the conditions of market competition, the ability of companies to timely identify risks in the conduct of business activities and find adequate ways to eliminate them is one of the advantages and allows you to maintain a high position in any industry. This option is maintained under the condition that the risk management system is built based on the real needs of the business in maintaining a competitive position in the conditions of high uncertainty of the external and internal environment. The article reveals an approach based on the integrated model of the risk management system, provides a scheme and description of the integrated model, as well as methodologies used for assessing and ranking risks. The presented approach allows for comprehensive risk management at all levels, monitoring and timely implementation of risk management measures. The relevance of the presented approach is also due to the need to combine the requirements of different international standards for management systems in terms of risk management into a single consistent system.
OpenAlex reports 2 citations for this work. Citation counts describe recorded attention and do not establish research quality.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
In the conditions of market competition, the ability of companies to timely identify risks in the conduct of business activities and find adequate ways to eliminate them is one of the advantages and allows you to maintain a high position in any industry. This option is maintained under the condition that the risk management system is built based on the real needs of the business in maintaining a competitive position in the conditions of high uncertainty of the external and internal environment. The article reveals an approach based on the integrated model of the risk management system, provides a scheme and description of the integrated model, as well as methodologies used for assessing and ranking risks. The presented approach allows for comprehensive risk management at all levels, monitoring and timely implementation of risk management measures. The relevance of the presented approach is also due to the need to combine the requirements of different international standards for management systems in terms of risk management into a single consistent system.
Key concepts: Risk management, Risk analysis (engineering), Ranking (information retrieval), Relevance (law), Position (finance), Enterprise risk management, Business, Risk management information systems