By Topic

An approach to risk events analysis for ERM using AHP and cluster analysis

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

3 Author(s)
Pornprasitpol, P. ; Fac. of Eng. & Inf. Technol., Univ. of Technol., Sydney, NSW, Australia ; Dan Ye ; Ming-bo Sun

An increase in enterprise's 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 enterprise's 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.

Published in:

Industrial Engineering and Engineering Management (IE&EM), 2010 IEEE 17Th International Conference on

Date of Conference:

29-31 Oct. 2010