This chapter synthesizes the conceptual framework and empirical investigation of IRM (integrated risk management). We start by comparing frameworks of IRM and ERM (enterprise risk management). Next, we discuss risk attitudes and objective formulations in quantitative optimization. Finally, we present various risk measures and classify risk management strategies according to their treatment of risk.
CITATION STYLE
Zhao, L., & Huchzermeier, A. (2018). Integrated Risk Management in Multinational Corporations. In EURO Advanced Tutorials on Operational Research (pp. 57–76). Springer Nature. https://doi.org/10.1007/978-3-319-76663-8_4
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