Managing strategic risks through costbenefit evaluation

Research output: Chapter in Book/Report/Conference proceedingChapter or book articleProfessional

Abstract

In capital-intensive industries and the infrastructure sector, strategic decision-making often involves optimizing investment portfolios and maintenance processes across strategic, financial and risk objectives. Economic analyses are needed to ensure scarce resources, like time and money, are allocated rationally with respect to available investment and asset development options. In addition to this, decision makers also have to weigh up other aspects, such as safety and environmental impacts and business dynamics. Companies therefore need systematic methods for balancing prospective profits and benefits against risk.
Original languageEnglish
Title of host publicationResearch highlights in safety and security
Place of PublicationEspoo
PublisherVTT Technical Research Centre of Finland
Pages116-117
ISBN (Electronic)978-951-38-8130-6
ISBN (Print)978-951-38-8129-0
Publication statusPublished - 2013
MoE publication typeNot Eligible

Publication series

NameVTT Research Highlights
PublisherVTT
Number10
ISSN (Print)2242-1173
ISSN (Electronic)2242-1181

Fingerprint

Cost-benefit
Strategic risk
Evaluation
Assets
Resources
Industry
Environmental impact
Strategic decision making
Economics
Investment portfolio
Safety
Decision maker
Profit
Strategic process

Cite this

Kortelainen, H., Räikkönen, M., & Kunttu, S. (2013). Managing strategic risks through costbenefit evaluation. In Research highlights in safety and security (pp. 116-117). Espoo: VTT Technical Research Centre of Finland. VTT Research Highlights, No. 10
Kortelainen, Helena ; Räikkönen, Minna ; Kunttu, Susanna. / Managing strategic risks through costbenefit evaluation. Research highlights in safety and security. Espoo : VTT Technical Research Centre of Finland, 2013. pp. 116-117 (VTT Research Highlights; No. 10).
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Kortelainen, H, Räikkönen, M & Kunttu, S 2013, Managing strategic risks through costbenefit evaluation. in Research highlights in safety and security. VTT Technical Research Centre of Finland, Espoo, VTT Research Highlights, no. 10, pp. 116-117.

Managing strategic risks through costbenefit evaluation. / Kortelainen, Helena; Räikkönen, Minna; Kunttu, Susanna.

Research highlights in safety and security. Espoo : VTT Technical Research Centre of Finland, 2013. p. 116-117 (VTT Research Highlights; No. 10).

Research output: Chapter in Book/Report/Conference proceedingChapter or book articleProfessional

TY - CHAP

T1 - Managing strategic risks through costbenefit evaluation

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AU - Räikkönen, Minna

AU - Kunttu, Susanna

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AB - In capital-intensive industries and the infrastructure sector, strategic decision-making often involves optimizing investment portfolios and maintenance processes across strategic, financial and risk objectives. Economic analyses are needed to ensure scarce resources, like time and money, are allocated rationally with respect to available investment and asset development options. In addition to this, decision makers also have to weigh up other aspects, such as safety and environmental impacts and business dynamics. Companies therefore need systematic methods for balancing prospective profits and benefits against risk.

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SN - 978-951-38-8129-0

T3 - VTT Research Highlights

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BT - Research highlights in safety and security

PB - VTT Technical Research Centre of Finland

CY - Espoo

ER -

Kortelainen H, Räikkönen M, Kunttu S. Managing strategic risks through costbenefit evaluation. In Research highlights in safety and security. Espoo: VTT Technical Research Centre of Finland. 2013. p. 116-117. (VTT Research Highlights; No. 10).