This study describes how risk-based risk control allocation models work. We begin by discussing the economic rationale for allocating risk control in a diversified organization such as an enterprise. For a probability model for risk control decision making under uncertainty and risk, we propose...

This study describes a critical assessment of the risk control decision model from a methodological perspective and identifies major shortcomings with the employment of enhanced formal evaluation and decision-making methods. This in turn could have major applications for natural disaster risk...