Designing and exploring risk matrices with MACBETH

Volume: 17, Issue: 01, Pages: 45 - 81
Published: Aug 21, 2015
Abstract
Risk matrices are adopted and recommended by many organizations, but the way they are usually constructed violates some basic theoretical principles, giving rise to inconsistent risk ratings. This paper studies ways in which multiple criteria and portfolio decision analyses can improve the design and deployment of risk matrices, using MACBETH (the Measuring Attractiveness by a Categorical Based Evaluation TecHnique). Firstly, it introduces...
Paper Details
Title
Designing and exploring risk matrices with MACBETH
DOI
Published Date
Aug 21, 2015
Journal
Volume
17
Issue
01
Pages
45 - 81
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