Risks Of Systemic Transformation In Energy Companies
Price
Free (open access)
Transaction
Volume
192
Pages
9
Page Range
357 - 365
Published
2015
Size
701 kb
Paper DOI
10.2495/ECO150321
Copyright
WIT Press
Author(s)
L. D. Gitelman, M. V. Kozhevnikov
Abstract
Among the various risks (financial, technological, environmental, market) that accompany the energy production systemic (strategic) risks are the most complex and difficult in terms of valuation, allocation of control object and determining the consequences. The key feature to manage those risks is the almost complete absence of statistical data on the impact and consequences of organizational innovations. It should be understood that each organizational decision, especially in the energy companies, is largely unique and can lead to transformation of the whole management system in power companies and even in the energy market. The paper contains a model of strategic risk management, based on the priority results setting. Original organizational risk assessment methodology was formed as well as mechanisms of suppression of their sources were established. Testing of methods is carried out for the key energy production result that is “reliability of electricity supply”.
Keywords
risks, power companies, organizational innovations, risk-related area, reliability of energy supply