Risk as a Factor in Decision-Making
Publication Type:Journal Article
Source:Information & Security: An International Journal, Volume 23, Issue 2, p.224-233 (2009)
Keywords:AHP, multi-criteria decision-making, Risk, risk management
Abstract:Incorporating the problems of risk in the management of an organization is an important issue for any manager, especially for those in the security sector. This article examines different approaches that enable taking into account the associated risks in decision-making. Considering a comprehensive understanding of risk, the transformation problems resolved in an organization and the types of factors in decision-making, three different approaches are described. Based on the Analytic Hierarchy Process (AHP) methodology, an integral criterion for selection of an alternative could be developed.