Understanding risk and its importance in business activities

Hussain, OK; Dillon, TS; Hussain, FK; Chang, EJ

Understanding risk and its importance in business activities

Hussain, OK Dillon, TS Hussain, FK

Chang, EJ

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Publication Type:: Chapter
Citation:: 2013, 412 pp. 1 - 313
Issue Date:: 2013-01-01

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	10.1007%2F978-3-642-28690-2_1.pdf	Published version	4.2 MB	Adobe PDF	View/Open

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Field	Value	Language
dc.contributor.author	Hussain, OK	en_US
dc.contributor.author	Dillon, TS	en_US
dc.contributor.author	Hussain, FK https://orcid.org/0000-0003-1513-8072	en_US
dc.contributor.author	Chang, EJ	en_US
dc.date.issued	2013-01-01	en_US
dc.identifier.citation	2013, 412 pp. 1 - 313	en_US
dc.identifier.isbn	9783642286896	en_US
dc.identifier.uri	http://hdl.handle.net/10453/119527
dc.description.abstract	Motivation: Nearly all of us have used the word risk in our conversations or have heard it in our daily life experience. To mention a few such situations: (i) you risk losing your driving license if you are caught drink driving; (ii) you risk your enrolment being cancelled if you are caught cheating; (iii) you risk losing your job if you don't improve your performance; (iv) your business is at risk if the current financial and economic situation does not improve; (v) you risk not reaching your job interview in Sydney on time on Monday if you leave from Perth by car on Friday. In all the above mentioned situations, risk is associated with an outcome that highlights losing a certain thing; for example losing a license, losing an enrolment, losing a job, losing a business, not reaching an interview on time. In all these examples, the thing which may be lost is considered an important one, hence the word 'losing' is associated with them. © 2013 Springer-Verlag Berlin Heidelberg.	en_US
dc.relation.isbasedon	10.1007/978-3-642-28690-2_1	en_US
dc.subject.classification	Artificial Intelligence & Image Processing	en_US
dc.title	Understanding risk and its importance in business activities	en_US
dc.type	Chapter
utslib.citation.volume	412	en_US
utslib.for	080301 Bioinformatics Software	en_US
utslib.for	080109 Pattern Recognition and Data Mining	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Computer Science
pubs.organisational-group	/University of Technology Sydney/Strength - CAI - Centre for Artificial Intelligence
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US
pubs.volume	412	en_US

Abstract:

Motivation: Nearly all of us have used the word risk in our conversations or have heard it in our daily life experience. To mention a few such situations: (i) you risk losing your driving license if you are caught drink driving; (ii) you risk your enrolment being cancelled if you are caught cheating; (iii) you risk losing your job if you don't improve your performance; (iv) your business is at risk if the current financial and economic situation does not improve; (v) you risk not reaching your job interview in Sydney on time on Monday if you leave from Perth by car on Friday. In all the above mentioned situations, risk is associated with an outcome that highlights losing a certain thing; for example losing a license, losing an enrolment, losing a job, losing a business, not reaching an interview on time. In all these examples, the thing which may be lost is considered an important one, hence the word 'losing' is associated with them. © 2013 Springer-Verlag Berlin Heidelberg.

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http://hdl.handle.net/10453/119527