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Methodological Provision of Active Management of Economic Risk in Agrarian Business

Author

Listed:
  • Marina V. Korshikova
  • Irina P. Belikova
  • Tatyana I. Sakhnyuk
  • Pavel A. Sakhnyuk
  • Inna G. Svistunova

Abstract

The article views main approaches to economic risks management. The article offers the algorithm of active management of aggregate economic risk, based on the use of complex of formalized and non-formalized calculation and analytical methods of reduction of uncertainty during decision making and aimed at reduction of probability of negative result of business risk situations by means of reasoned actions for timely adaptation to changing economic conditions. In the conducted research, the authors analyzed positive aspects and difficulties of practical use of the above methods under the conditions of modern stage of development of Russian agrarian business. The results of this analysis were the basis for formation and development of methodological provision of calculation and analytical components of active management of economic risks.

Suggested Citation

  • Marina V. Korshikova & Irina P. Belikova & Tatyana I. Sakhnyuk & Pavel A. Sakhnyuk & Inna G. Svistunova, 2016. "Methodological Provision of Active Management of Economic Risk in Agrarian Business," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 113-124.
    • Handle: RePEc:ers:journl:v:xix:y:2016:i:2:p:113-124
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    References listed on IDEAS

    as
    1. Mapp, Harry P. & Hardin, Michael L. & Walker, Odell L. & Persaud, Tillak, 1979. "Analysis Of Risk Management Strategies For Agricultural Producers," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278205, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Harry P. Mapp & Michael L. Hardin & Odell L. Walker & Tillak Persaud, 1979. "Analysis of Risk Management Strategies for Agricultural Producers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 1071-1077.
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