Assoc. prof. Madalina Anghel PhD.
Assoc. prof. Aurel Diaconu PhD.
“ARTIFEX” University of Bucharest
Marius Popovici PhD. Student
Bucharest University of Economic Studies
Abstract
The considerations regarding risk analysis and risk management have important use in any economic activity. Due to the actual evolution of the global economy, the number and complexity of the factors influencing economic development grow. Risk becomes a basic aspect associated to the activity of any economic agent. Depending on the abilities and specific capacities, any economic entity will take a certain risk relative to its own activity also known as failure risk. Based on the assumed risk level, the management policies may be adopted and the future strategies set up on short, medium and long term. Generally, economic agents’ risk is considered to be the way the output of an activity varies under the pressure of the outer environment.
Keywords: risk, analysis, decision, model, economy
