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

    SeriesVTT Research Highlights
    Number10
    ISSN2242-1173

    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).
    @inbook{d1e3a7533320462b9a47cf105d5e6fe5,
    title = "Managing strategic risks through costbenefit evaluation",
    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.",
    author = "Helena Kortelainen and Minna R{\"a}ikk{\"o}nen and Susanna Kunttu",
    year = "2013",
    language = "English",
    isbn = "978-951-38-8129-0",
    series = "VTT Research Highlights",
    publisher = "VTT Technical Research Centre of Finland",
    number = "10",
    pages = "116--117",
    booktitle = "Research highlights in safety and security",
    address = "Finland",

    }

    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

    AU - Kortelainen, Helena

    AU - Räikkönen, Minna

    AU - Kunttu, Susanna

    PY - 2013

    Y1 - 2013

    N2 - 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.

    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.

    M3 - Chapter or book article

    SN - 978-951-38-8129-0

    T3 - VTT Research Highlights

    SP - 116

    EP - 117

    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).