2013/12/16 by Dejan Ristić · 1 citation
Decision Sciences · Business, Management and Accounting · #Risk and Safety Analysis #Supply Chain Resilience and Risk Management #Risk Management in Financial Firms
paper · pdf · doi:10.7562/se2013.3.03.03
openalex publication_date 2013/12/16 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/04
A lot of companies need to carry out a risk assessment, but most of them do not have the experience to determine the risk in a qualitative way. Therefore, these organizations use the tools for qualitative or qualitative - quantitative risk assessment. A useful tool for risk assessment is risk matrices (risk assessment scoring matrices/ risk ranking matrices). The aim of this paper is to present various risk matrices. Typical risk assessment matrices with different levels recommended by the American standards and other standards have also been presented in this paper. Key words: reliability, severity, risk, matrix, probability