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

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.

Source Conference

Internet Monitoring and Protection, 2007. ICIMP 2007. Second International Conference on

DOI

10.1109/ICIMP.2007.36

Faculty

Curtin Business School

School

Centre for Extended Enterprises and Business Intelligence

Remarks

This material is presented to ensure timely dissemination of scholarly and technical work. Copyright and all rights therein are retained by authors or by other copyright holders. All persons copying this information are expected to adhere to the terms and constraints invoked by each author's copyright. In most cases, these works may not be reposted without the explicit permission of the copyright holder.

URI

http://hdl.handle.net/20.500.11937/5895

Collection

Curtin Research Publications

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.