Managing strategic risks through costbenefit evaluation

Helena Kortelainen; Minna Räikkönen; Susanna Kunttu

Managing strategic risks through costbenefit evaluation

Helena Kortelainen, Minna Räikkönen, Susanna Kunttu

Research output: Chapter in Book/Report/Conference proceeding › Chapter or book article › Professional

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 language	English
Title of host publication	Research highlights in safety and security
Place of Publication	Espoo
Publisher	VTT Technical Research Centre of Finland
Pages	116-117
ISBN (Electronic)	978-951-38-8130-6
ISBN (Print)	978-951-38-8129-0
Publication status	Published - 2013
MoE publication type	D2 Article in professional manuals or guides or professional information systems or text book material

Publication series

Series	VTT Research Highlights
Number	10
ISSN	2242-1173

Access to Document

https://publications.vtt.fi/pdf/researchhighlights/2013/R10.pdf#page=118

1 Book (editor)

Research highlights in safety and security
Rouhiainen, V. (Editor), 2013, Espoo: VTT Technical Research Centre of Finland. 134 p. (VTT Research Highlights; No. 10).
Research output: Book/Report › Book (editor) › Professional

Open Access

Cite this

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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.",

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TY - CHAP

T1 - Managing strategic risks through costbenefit evaluation

AU - Kortelainen, Helena

AU - Räikkönen, Minna

AU - Kunttu, Susanna

PY - 2013

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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 -

Managing strategic risks through costbenefit evaluation

Abstract

Publication series

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Research output

Research highlights in safety and security

Cite this