Risk-Based Thinking and Decision-Making Methods in Conditions of Total Uncertainty

Abstract

Nowadays globalization, outsourcing and new technologies create the additional risks and uncertainities for organizations. An unclear and complicated reality establishes a new request for additional risk management tools for business. According to the conditions of the economic crisis, the construction industry, like most branches of the Russian economy, lacks financial resources for completing full elimination of inconsistency risks of real construction products with consumer expectations. First of all, this situation is usually for small companies which constantly have financial problems. In such a situation, classical models of nonconformance management, based on CAPA (Corrective and preventive action), become ineffective. There is a need for low-cost but acceptable approaches to management of nonconformities from the point of view of effectiveness. According to the author’s opinion, one of the ways of solving this problem can be the development of heuristic algorithms for the formation of an action plan aimed at reducing the risks of inconsistencies.