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Economic Decision-Making and the Impact of Risk Management: How They Relate to Each Other

Economic Decision-Making and the Impact of Risk Management: How They Relate to Each Other

Brian J. Galli, Gabrielle Battiloro
Copyright: © 2019 |Volume: 10 |Issue: 3 |Pages: 13
ISSN: 1947-959X|EISSN: 1947-9603|EISBN13: 9781522565840|DOI: 10.4018/IJSSMET.2019070101
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MLA

Galli, Brian J., and Gabrielle Battiloro. "Economic Decision-Making and the Impact of Risk Management: How They Relate to Each Other." IJSSMET vol.10, no.3 2019: pp.1-13. http://doi.org/10.4018/IJSSMET.2019070101

APA

Galli, B. J. & Battiloro, G. (2019). Economic Decision-Making and the Impact of Risk Management: How They Relate to Each Other. International Journal of Service Science, Management, Engineering, and Technology (IJSSMET), 10(3), 1-13. http://doi.org/10.4018/IJSSMET.2019070101

Chicago

Galli, Brian J., and Gabrielle Battiloro. "Economic Decision-Making and the Impact of Risk Management: How They Relate to Each Other," International Journal of Service Science, Management, Engineering, and Technology (IJSSMET) 10, no.3: 1-13. http://doi.org/10.4018/IJSSMET.2019070101

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Abstract

The purpose of this article is to adequately identify and assess economic risk in decision-making within project environments. A systematic literature review approach is used to recognize the key relationships between risk and economic decision-making. The study shows that the most critical element associated with economic decision-making is the risk. The article highlights the implications of this relationship and how it impacts a project-based environment. Review of the literature has shown limited research in this area. This study seeks to fill a gap within the existing research. The results of this research study contribute to economic decision-making and risk management.

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