Fragnière, Emmanuel; Gondzio, Jacek; Yang, Xi - In: European Journal of Operational Research 202 (2010) 2, pp. 518-527
Operational risks are defined as risks of human origin. Unlike financial risks that can be handled in a financial manner (e.g. insurances, savings, derivatives), the treatment of operational risks calls for a "managerial approach". Consequently, we propose a new way of dealing with operational...