Methods of selecting antirisk controlling actions

Economic & mathematical methods and models

The article shows that use of the new theory of economic systems, proposed by G. B. Kleiner, and operational theory of risk management to the structuring of the space of the economic risk factors and the risk management practices can play an important role in choosing a method of risk management and program development anti-risk control actions. Taking into account the time-space index, one can single out subsystems of the same four types: object type subsystem, environmental type subsystem, project type subsystem and process type subsystem, within the economic system concerned. The process of identification and classification of risk factors and selection anti-risk control actions in the framework of the object, process, project and environmental type subsystems of the production company, considered in this paper as a socio-economic system of the object type, is described. All anti-risk control actions will be referred to as the ones aimed at preventing or minimizing the negative consequences of the emergence of economic risk factors. The preferences of different methods to manage the risk level are proposed to be associated with the Uncertainty Avoidance Index of G. Hofstede. These updated operational characteristics of anti-risk control action, as object, subject, assessment of performance and cost, regularity of use.