Year: 2019
Type: article
Abstract: Like in many preventive activities, the effectiveness of a risk policy is hard to measure. The objective of this article is to represent the methodology of monitoring a risk management policy. We use the Markov chain methodology for the calculation of the key risk indicators (K.R.I.s) of the process. Observing them through time, it is possible to conclude the positive attitude of the risk-preventing measures undertaken on the observed process. The methodology is represented in the case of archaeological excavations.
Authors: Bojan Peček, Andrej Kovačič
Institution: University of Ljubljana
Language: English
Topic: Risk and Safety Analysis
Subfield: Statistics, Probability and Uncertainty
Field: Decision Sciences
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $944
OpenAlex ID: W2975214947