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Risk Navigator SRM: An Applied Risk Management Tool

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  • Dana L. K. Hoag
  • Jay Parsons

Abstract

Risk Navigator SRM is a ten-step risk management program for agricultural producers, which is based on the strategic planning process. The ten steps are designed to integrate disparate and difficult risk management concepts into a single system that is easy to use, yet still effective. With the aid of computers and the internet, producers can work through each step toward a final comprehensive plan. The website includes 25 decision tools that help producers accomplish each step and provides links to complementary educational programs, like a national agricultural risk education library, the award-winning risk management simulation program called Ag Survivor, and a recently published book that describes the program and provides additional depth and explanations. The ten-step program has been presented in over 200 workshops with over 90 percent approval by participants. The website has averaged over 1,000 unique visitors per month from 120 countries.

Suggested Citation

  • Dana L. K. Hoag & Jay Parsons, 2010. "Risk Navigator SRM: An Applied Risk Management Tool," Journal of Probability and Statistics, Hindawi, vol. 2010, pages 1-17, June.
  • Handle: RePEc:hin:jnljps:214358
    DOI: 10.1155/2010/214358
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    Cited by:

    1. Wu, Zhongqun & Yang, Chan & Zheng, Ruijin, 2022. "Developing a holistic fuzzy hierarchy-cloud assessment model for the connection risk of renewable energy microgrid," Energy, Elsevier, vol. 245(C).

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