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Theoretical Aspects and Application Practice of the Techniques for Assessing Risks of Metallurgical Enterprises

Author: Fyodor Ya. Legotin, Dr. Sc. (Econ.), Prof. of Enterprises Economics Dept; Anna A. Shishkina, applicant for Cand. Degree of Enterprises Economics Dept.

Abstract: The authors look at the approaches to defining and assessing risks. At the example of an enterprise of ferrous metallurgy they formulate and graphically represent the risks of blast-furnace processing stage and on the basis of this examine risks assessment made using various techniques.

Keywords: risk; approaches to defining risk: risk assessment; production process; enterprise of ferrous metallurgy; blast-furnace processing and steel-making stages; equipment; raw materials.