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Risk Management in Decision Making

  • Jie Lu
  • Lakhmi C. Jain
  • Guangquan Zhang
Chapter
Part of the Intelligent Systems Reference Library book series (ISRL, volume 33)

Abstract

Organizational decision making often occurs in the face of uncertainty about whether a decision maker’s choices will lead to benefit or disaster. Risk is the potential that a decision will lead to a loss or an undesirable outcome. In fact, almost any human decision carries some risk, but some decisions are much more risky than others. Risk and decision making are two inter-related factors in organizational management, and they are both related to various uncertainties.

Keywords

Supply Chain Risk Management Risk Management Process Group Decision Support System Grassland Fire 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  • Jie Lu
    • 1
  • Lakhmi C. Jain
    • 2
  • Guangquan Zhang
    • 1
  1. 1.Decision Systems & e-Service Intelligence Laboratory, Centre for Quantum Computation & Intelligent Systems, School of Software, Faculty of Engineering and Information TechnologyUniversity of Technology Sydney (UTS)Australia
  2. 2.School of Electrical and Information EngineeringUniversity of South AustraliaAdelaideAustralia

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