Naslov
Operational Risk Management Using Multi-Criteria Assessment (AHP Model)

Autori
Ristanovic Vladmir ; Primorac Dinko ; Gozina Goran

Izvornik
Tehnicki vjesnik - Technical Gazette (1330-3651) 28 (2021), 2; 678-683

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
AHP model ; decision-making ; management ; multi-criteria assessmenet ; operational risk

Sažetak
Decision making and management are synonyms. Banks are facing a number of business risks and operational risk is prevalent. Risk management is related to making decisions ; therefore, it is important for the whole organization. The aim of this paper is to develop a decision-making system when choosing the method of operational risk management by using the Analytical Hierarchical Process (AHP). AHP is an efficient process in solving decision-making problems. The final decision depends on the evaluation of a set of alternatives and decision criteria. Therefore, AHP defines the criteria related to operational risk and the alternatives that the bank management can undertake in order to successfully manage operational risk. The main purpose of the process is to find appropriate solutions for defined user factors in the current competitive environment. The results, obtained by the classical numerical method show that External Factors is the dominant criterion, especially during the financial crisis or the Covid pandemic, and that solutions should be sought in international standards along with using the control tools created by banks themselves.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA