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Enterprise Risk Optimization Model with Using Risk Analysis Tools and ANP-based Approach
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DOI: https://doi.org/10.15866/irece.v5i6.5747
Abstract
Enterprise risk optimization (ERO) is considered as building stone to establish Enterprise Risk Management (ERM) in the airport business. In this study, ERO model is deal with solving “how is optimal risk amount determine?” main question and the new model has been developed for solving of this problem. This paper is prepared to offer a new approach to corporate risk optimization by ERO model. The model is consisted of five steps: corporate swot analysis, determining risk appetite, prioritization of enterprise-wide risks using with newly created risk score formula and Analytic Network Process (ANP)-based approach, determining risk tolerance level, developing corporate risk profile and corporate risk mapping. ERO model is prepared to TAV Holding Co. So, this study is offered the sample as real world situation.
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References
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