TY - JOUR KW - AHP KW - multi-criteria decision-making KW - Risk KW - risk management AU - Gueorgui Stankov AB -

Incorporating the problems of risk in the management of an organiza­tion is an important issue for any manager, especially for those in the security sec­tor. This article examines different approaches that enable taking into account the associated risks in decision-making. Considering a comprehensive understanding of risk, the transformation problems resolved in an organization and the types of fac­tors in decision-making, three different approaches are described. Based on the Analytic Hierarchy Process (AHP) methodology, an integral criterion for selection of an alternative could be developed.

BT - Information & Security: An International Journal DO - http://dx.doi.org/10.11610/isij.2317 IS - 2 LA - eng N2 -

Incorporating the problems of risk in the management of an organiza­tion is an important issue for any manager, especially for those in the security sec­tor. This article examines different approaches that enable taking into account the associated risks in decision-making. Considering a comprehensive understanding of risk, the transformation problems resolved in an organization and the types of fac­tors in decision-making, three different approaches are described. Based on the Analytic Hierarchy Process (AHP) methodology, an integral criterion for selection of an alternative could be developed.

PY - 2009 SP - 224 EP - 233 T2 - Information & Security: An International Journal TI - Risk as a Factor in Decision-Making VL - 23 ER -