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Quantifying the possible financial consequences of failure for making a risk based decision

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Open access
Authors
Hussain, Omar
Chang, Elizabeth
Hussain, Farookh
Dillon, Tharam S.
Date
2007
Collection
Type
Conference Paper
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Abstract

In a financial e-commerce interaction it is rational for the initiating agent to analyze beforehand the possible risk in interacting with any other agent. Doing so would give the initiating agent an idea of direction in which its interaction might head and also help it to make an informed decision of its future course of action with that particular agent. For risk analysis in the context of e-commerce interactions, the initiating agent has to determine beforehand the probability of failure and the possible consequences of failure in interacting with an agent. In this paper, we propose a methodology by which the initiating agent can determine beforehand the possible consequences of failure in its resources, according to the demand of its future interaction with an agent.

Citation
Hussain, Omar Khadeer and Chang, Elizabeth and Hussain, Farookh Khadeer and Dillon, Tharam S.. 2007. : Quantifying the possible financial consequences of failure for making a risk based decision, Internet Monitoring and Protection, 2007. ICIMP 2007. Second International Conference on, 1-5 Jul 2007. San Jose, California: IEEE.
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DOI
Faculty
Curtin Business School
School
Centre for Extended Enterprises and Business Intelligence
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Copyright 2007 IEEE

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