Open AccessAssessment and Management of Technical and Production Risks in Industry
Author(s) -
Е. Е. Теленков
Publication year - 2020
Publication title -
problemy analiza riska
Language(s) - English
Resource type - Journals
eISSN - 2658-7882
pISSN - 1812-5220
DOI - 10.32686/1812-5220-2020-17-6-38-49
Subject(s) - production (economics) , prioritization , business , risk management , risk analysis (engineering) , natural disaster , industrial production , natural resource economics , finance , economics , physics , process management , meteorology , macroeconomics , keynesian economics
Industrial companies have always paid close attention to the continuity of production and technological processes. Technical and production risks, such as equipment damage, accidents, natural disasters can have a significant impact on production processes, lead to injury to people, environmental pollution. Managing these risks means investing substantial funds in upgrading, repairing and reconstructing assets. However, these investments have different economic effects. Proper prioritization of risks and measures for their management, based on the concept of risk-income, proposed in this article, can significantly improve the efficiency of risk management, reduce the degree of uncertainty, protect the organization from catastrophic damage.