Possibilities of qualitative risk analysis

Every project or program has to deal with risks which jeopardize the success of it. The nature and the source of a risk could be clear and easily defined but often they are complex or covert. To value a risk among the factors that intensifies the uncertainty of the achievements of an activity is one...

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Bibliographic Details
Main Author: Vida Adrienn
Corporate Author: Traditions, innovation, sustainability (2011) (Hódmezővásárhely)
Format: Article
Published: Szegedi Tudományegyetem Mezőgazdasági Kar Szeged 2011
Series:Agrár- és vidékfejlesztési szemle 6 No. 1
Kulcsszavak:Megújuló energiaforrás, Kockázatelemzés
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Online Access:http://acta.bibl.u-szeged.hu/76121
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Summary:Every project or program has to deal with risks which jeopardize the success of it. The nature and the source of a risk could be clear and easily defined but often they are complex or covert. To value a risk among the factors that intensifies the uncertainty of the achievements of an activity is one of the hardest steps to make, but there are the quantitative and qualitative risk assessments. The most popular and precise method during economic calculation is the Monte Carlo analysis as quantitative approach but in many cases its adaptation is not easy because of the absence of a required database. An other way to calculate with uncertainty during investment appraisal studies is the sensitivity analysis that shows how the (discounted) net can change present value if one element would increase or decrease a hypothetical percent. The most important deficiency of it is that there are not objective explications behind the value of percents or other numerical valuation but sometimes it is not possible. It can be valued by a lot factors (as stakeholders attitude) and represented during feasibility studies by qualitative risk analysis.
Physical Description:292-296
ISSN:1788-5345