risk assessment and decision-making
Risk assessment is the process of evaluating potential dangers or uncertainties, weighing the magnitude of their impact, and identifying strategies to mitigate or manage those risks. Decision-making, on the other hand, refers to the method of selecting the best course of action among various alternatives based on the assessed risks and their potential consequences.
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Related Concepts (2)
Similar Concepts
- decision making under risk
- decision-making under risk
- risk analysis
- risk assessment
- risk assessment and identification
- risk assessment and management
- risk assessment and mitigation
- risk assessment and mitigation strategies
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