Risk level assessment while organizational-managerial decision making in the condition of dynamic external environment

Abstract

RiSK level ASSeSSmeNT while oRgANiZATioNAl-mANAgeRiAl DeCiSioN mAKiNg iN The CoNDiTioN of DyNAmiC exTeRNAl eNviRoNmeNT Purpose. Forming a complex factor of the project risk level assessment while organizational and economic decision making in a dynamic external environment based on measurement theory. methodology. The results are obtained through the application of the following methods: scientific generalization-for the formulation of scientific problems and general conclusions; measurement-to assess the project risk level; decision-making-to identify the problems of modeling the tasks of organizational and managerial decision making; modeling-during the elaboration of a risk level complex factor. findings. The risk uniformity factor is substantiated. It can be used to characterize an investment project in terms of the neighboring risk. This coefficient can be used as a correction one in the formation of a complete evaluation of risk package. originality. Provisions of quantitative risk assessment in the organization activity in the condition of the dynamic external environment are further developed. The difference from other approaches is the refusal of a priori assumptions about the stochasticity of studied processes and quantities. A distinctive feature of the proposed approach is also the sphere of the risk implementation: it is advantageous to use "risk" not in all situations with random outcomes, but only when this outcome does constitute a significant danger for the decision-making subject. The concept of a "substantial" or "fractional" amount has a convincing objective component, although it is generally subjective. We proceed from the risk concept as a subjective characteristic of the situation in conditions of uncertainty, reflecting possible damage to the subject making a decision. Practical value. The developed methodological regulations considering risk factor influence, based on the offered approach to its quantitative estimation, will increase reliability level of accepted organizational-administrative decisions during the substantiation of project cost and time indicators in the conditions of the dynamic external environment.

Choosing the rational management of high­rise building construction projects

“…It is proposed to determine the environmental friendliness of a high-rise building as follows: The value of the component of the factor of the environmental friendliness of the high-rise building interior is calculated from the formula that is similar to formula (10).…”

“…Article [10] deals with the substantiation of organizational and managerial decisions under conditions of the changeable external environment, taking into consideration the risk of a project. The difference of the proposed approach is refusal from a priori assumptions about the stochasticity of the studied processes and magnitudes, as well as in the application of the measurement theory.…”

Production risk management in the foundry

“…Step 4. We solve the problem for combined measures (1, 2) and (3,4). The solution is given in Table 15.…”

“…The results of the problem for combined measures (1,2,3,4) and (5 Conclusions. Industrial risk management is associated with material costs of the enterprise for occupational safety measures.…”

“…Most authors point to need to model the problems of occupational injuries and their impact on the na ture of the relationship between the employee and employer. In [4], methodological developments based on impact of risk fac tors on the basis of proposed approach to its quantitative evalu ation will help to increase the level of reliability of organiza tional and managerial decisions made in substantiating cost and time indicators of projects in a changing external environ ment. The work [5] emphasized the need to develop a risk management culture at enterprises as a necessary condition for early identification, assessment and reduction of risks, as well as open communication about risks.…”