An Approach to Risk Events Analysis for ERM Using AHP and Cluster Analysis
An increase in enterprises operational risk concerns a broader range of corporate stakeholders. Therefore, there is a need for integrated Enterprise Risk Management (ERM) system, in order to keep the enterprise competitive. There also has been a paucity of practical and effective ERM tools for the analysis of risk events, which is the basis of the ERM system. This paper proposes an approach of using AHP and cluster analysis to enable the identification of the major risks associated with the enterprises operation, and the exploration of the relationships among the risk events. In addition, the method of AHP and cluster analysis including its application on ERM is discussed in the paper. A case study has been implemented in order to reinforce the analysis. The results indicate that the method of AHP and cluster analysis can potentially serve as a uniform base for the risk events analysis at the event layer of the ERM. That will provide the management further understanding on the risk events, thus improve their risk management performance.
Enterprise risk management (ERM) AHP cluster analysis risk event classification
Pornwan Pornprasitpol Dan YE Ming-bo SUN
Faculty of Engineering and Information Technology,University of Technology,Sydney School of Management Engineering,Zhengzhou University,Zhengzhou,P.R.China,450001
国际会议
厦门
英文
1009-1013
2010-10-29（万方平台首次上网日期，不代表论文的发表时间）