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Lecturer(s)
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Homolka Lubor, Ing. Ph.D.
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Urbánek Tomáš, Ing. Ph.D.
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Course content
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"Introduction to the study of risk. Historical development of risk management. "Modern risk management tools using machine learning and data mining approaches. "Scenario analysis. Description of uncertainty by probabilistic models. Introduction to Monte Carlo simulations. "Financial risk management tools, in particular exchange rate risk. "Risk quantification and creation of a multicriteria mathematical model. "Decision - making tasks in managerial practice and their classification. "Tools and methods to support managerial decision-making. "Risk reduction methods. " Crisis management. "Practical approaches to risk management.
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Learning activities and teaching methods
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unspecified
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| prerequisite |
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| Knowledge |
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| Basic knowledge of corporate finance. |
| Basic knowledge of corporate finance. |
| learning outcomes |
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| Explain the importance of managing both hazard, controlled, and opportunistic risks |
| Explain the importance of managing both hazard, controlled, and opportunistic risks |
| Clarify the importance of risk management in an organization in the context of long-term sustainability |
| Clarify the importance of risk management in an organization in the context of long-term sustainability |
| Apply risk management methods such as bow-tie and FMEA |
| Apply risk management methods such as bow-tie and FMEA |
| Assess the level of uncertainty based on scenario analysis and potentially Monte Carlo methods |
| Assess the level of uncertainty based on scenario analysis and potentially Monte Carlo methods |
| Design measures for managing cyber risks (CIS controls) |
| Design measures for managing cyber risks (CIS controls) |
| Skills |
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| Utilizes managerial tools for risk management |
| Utilizes managerial tools for risk management |
| Calculates the level of uncertainty based on scenario analysis |
| Calculates the level of uncertainty based on scenario analysis |
| Proposes measures to mitigate risks about the organization's risk profile (risk map) |
| Proposes measures to mitigate risks about the organization's risk profile (risk map) |
| Evaluates the level of utilization of cyber risk tools at the current organization's level (CIS controls) |
| Evaluates the level of utilization of cyber risk tools at the current organization's level (CIS controls) |
| Develops solution alternatives based on identified causes and impacts |
| Develops solution alternatives based on identified causes and impacts |
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Recommended literature
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Hopkin, Paul. Fundamentals of Risk Management : Understanding, evaluation and improving effective risk management. 2010. ISBN 978-0-7494-6539-1.
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James, G., Witten., D., Hastie, T., Tibshirani, R. An introduction to statistical learning: with applications in R..
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JONES, T. T. Business economics and managerial decision making. Southern Gate, Chichester, West Sussex, England: John Wiley, 2004. ISBN 0471486744.
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LINDAUER, Roman. Modern risk management remarks. Prague: Oeconomica, nakladatelství VŠE, 2017. ISBN 978-80-245-2206-7.
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WATSON, M., NELSON, D. Managerial analytics: an applied guide to principles, methods, tools, and best practices. Upper Saddle River, New Jersey: Pearson, 2014. ISBN 978-0-13340742-6.
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WITTEN, I. H. Data mining: practical machine learning tools and techniques.. Fourth Edition. Amsterdam: Elsevier, 2017. ISBN 9780128042915.
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