Hazard management and risk design by optimal statistical analysis

Cheng Wu Chen, Kevin Fong Rey Liu, Chun Pin Tseng, Wen Ko Hsu, Wei Ling Chiang

研究成果: 雜誌貢獻期刊論文同行評審

19 引文 斯高帕斯(Scopus)


Elicitation methods are used in decision making with respect to risk hazards to allow a researcher to infer the subjective utilities of outcomes from the observed preferences of an individual. A questionnaire method is presented, in this study, which takes into account the inevitable distortion of preferences by random errors and minimizes the effect of such errors. Under mild assumptions, the method for eliciting the utilities of many outcomes is a three-stage procedure. First, the questionnaire is utilized to elicit responses from which a subjective score is defined. Second, individual risk factors are discussed. Finally, the regression model presents individual risk preferences given the overall organizational risk culture, risk management policy, risk identification, and risk analysis. This paper addresses how company managers face risk and their tolerance of risk with respect to risk management.

頁(從 - 到)1707-1716
期刊Natural Hazards
出版狀態已出版 - 10月 2012


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