Integrating Risk Management Into Decision Making

Abstract

The main forms of risk are can be grouped in eight categories: economical risks, financial risks, commercial risks, manufacturing risks, political risks, social risks, juridical risks, natural risks. Through its nature the decision is referring to the future, mainly being provisional. In any decisional process developed at the company level, there are involved in the same time some economical, techniques, juridical, human and managerial variables. As a consequence of the decision (generally) and of managerial decision (particularly), because of its complexity and its contextual deter in its growth there are associated many risks.

Using Artificial Neural Networks to Determine the Extent to Which the Private Sector in the KSA Benefit from Quantitative Methods in Decision-Making

“…Q3: What quantitative methodologies are employed?Table(5) demonstrates that statistical analysis is the most commonly utilized quantitative method (17%), followed by Q5: What are the causes for the lack of use of quantitative methods?…”