This paper differs from scientific papers describing current research. In line with the theme of this special issue, it challenges conventional risk management practice against the background of former research results successfully finished decades ago. It is well-known that conventional...

We introduce a financial stress index that was developed by the Office of Financial Research (OFR FSI) and detail its purpose, construction, interpretation, and use in financial market monitoring. The index employs a novel and flexible methodology using daily data from global financial markets....

Background: This paper proposes a risk analysis of transport requalification projects in the urban mobility problem caused by a mining disaster related to irregular rock salt extraction in the city of Maceió, Brazil. Methods: The model is composed of three main steps: problem definition, risk...

Risk management in the project portfolio can contribute to more effective implementation of the goals of the projects, the portfolio, and the entire organization. However, in the literature on the subject, relatively little attention is paid to the determinants of this process. Moreover, the...

Project risk management has become an important area of interest in project management practice over the past decade. Numerous best practice standards, tools and techniques have been developed focussing on a more effective risk management process. This process consists of four main phases:...

Objektstrategien für bestehende Renditeliegenschaften müssen laufend überprüft und neu ausgerichtet werden. In der Praxis werden dafür verschiedene Szenarien verglichen, indem die Cashflows abgebildet und bewertet werden. Die mit den Szenarien verbundenen Risiken werden in der heutigen...

This paper deals with the problem how toestimate multicriteria utility functions of ordinalattributes under incomplete information. We investigatea probabilistic representation of a preference system. Bythis it is possible to communicate information about adecisionmaker’s preferences in the...

Large engineering projects (LEPs) are high-stakes games characterized by substantial irreversible commitments, skewed reward structures when they are successful, and high probabilities of failure. Their dynamics also change over time. The journey from initial conception to ramp-up and revenue...