<abstract xmlns="http://www.w3.org/1999/xhtml"><p>One of the most important steps in managerial process is the risk analysis. While various methods for conducting the risk analysis exist, in certain conditions only subjective qualitative approach can be used. The typical reason is the lack of input quantitative data. Methods of fuzzy logic can provide a convenient way to conduct risk analyses. The article describes an application of fuzzy logic and fuzzy approach into risk analyses and into risk management process. All needed requirements for using this approach are described. The main advantage of using fuzzy approach is limitation of subjectivity in risk assessment. That can provide basis for regular repeating of risk analyses thus, efficient control system can be created instead of formal occasional risk analyses. Article also describes recommended modification of threat identification process to maximize mutual effect when applied together with this kind of risk analyses.</p></abstract>

One of the most important steps in managerial process is the risk analysis. While various methods for conducting the risk analysis exist, in certain conditions only subjective qualitative approach can be used. The typical reason is the lack of input quantitative data. Methods of fuzzy logic can provide a convenient way to conduct risk analyses. The article describes an application of fuzzy logic and fuzzy approach into risk analyses and into risk management process. All needed requirements for using this approach are described. The main advantage of using fuzzy approach is limitation of subjectivity in risk assessment. That can provide basis for regular repeating of risk analyses thus, efficient control system can be created instead of formal occasional risk analyses. Article also describes recommended modification of threat identification process to maximize mutual effect when applied together with this kind of risk analyses.

Risk Analysis in Managerial Process and Fuzzy Approach

Department of Security Management, Faculty of Special Engineering, University of Zilina Ul. 1. Maja 32, Zilina, Slovakia Ph.: +421415136660

Department of Security Management, Faculty of Special Engineering, University of Zilina Ul. 1. Maja 32, Zilina, Slovakia Ph.: +421415136669

Department of Technical Sciences and Informatics, Faculty of Special Engineering, University of Zilina Ul. 1. Maja 32, Zilina, Slovakia Ph.: +421415136860

Transport and Telecommunication Journal

{"article-title":"Risk Analysis in Managerial Process and Fuzzy Approach"}

One of the most important steps in managerial process is the risk analysis. While various methods for conducting the risk analysis exist, in certain conditions...

Risk Analysis in Managerial Process and Fuzzy Approach

Published Online: Jun 21, 2013

Page range: 214 - 222

DOI: https://doi.org/10.2478/ttj-2013-0018

This content is open access.