Bachelor 2022/2023

Risk Management

Type: Elective course (Supply Chain Management and Business Analytics)

Area of studies: Management

Delivered by: Department of Operations Management and Logistics

Where: Graduate School of Business

When: 4 year, 3 module

Mode of studies: offline

Open to: students of all HSE University campuses

Instructors: Ivan Shidlovskii

Language: English

ECTS credits: 3

Contact hours: 30

Course Syllabus

Abstract

Within the framework of the discipline, the main types of risks, methods of their classification, methods of their definition and measurement will be considered. Special attention will be paid to the risks arising in various areas of logistics and supply chain management. In addition, the consequences of the occurrence of risk events, methods of preventive risk management will be considered. Various tools and methods of tracking, assessment and risk management will be used. During the classes, various cases will be considered and various tasks related to risk management will be solved.

Learning Objectives

• Understanding the nature of risks and risk culture
• The ability to classify, measure and analyze risks
• Knowledge of approaches to risk assessment for different areas of logistics activities
• Knowledge of ways to minimize risks
• Justification of the decisions taken taking into account the identified risks

Expected Learning Outcomes

• Ability to carry out risk classification
• Ability to identify risks by areas of logistics activity
• Ability to apply methods of risk assessment
• Determination of the necessary information for risk assessment and classification
• Determining the impact of risk events on various performance indicators of the company
• Using the main approaches to risk-based supply chain management
• Assessment of possible types of impact of risk events on the company's activities
• Using the main approaches to preventive risk management
• Application of basic mathematical approaches to risk assessment and management

Course Contents

• Introduction to risk management
• Specifics of risks and risk assessment
• Tools for identifying and predictive risk management. Methods of building models for risk assessment.
• Applied methods and models of decision-making in conditions of risk and uncertainty.

Assessment Elements

• Mid-term test
• Final exam
  The exam is a test that includes the following types of questions: - closed questions with a single choice; - closed multiple choice questions; - questions to establish compliance; - open questions of various types (mini essays, tasks, cases). The exam is conducted online, using the StartExam platform.
• Tasks and activity
• Student presentations

Interim Assessment

• 2022/2023 3rd module
  0.2 * Tasks and activity + 0.15 * Student presentations + 0.5 * Final exam + 0.15 * Mid-term test

Bibliography

Recommended Core Bibliography

• Mars, G., & Weir, D. (2019). Risk Management : Volume II: Management and Control. Routledge.
• Merna, T., & Al-Thani, F. F. (2008). Corporate Risk Management (Vol. 2nd ed). Chichester, England: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=323307
• Peter Christoffersen. (2012). Elements of Financial Risk Management: Vol. 2nd ed. Academic Press.
• Pinto, C. A. (2015). Operational Risk Management. [N.p.]: Momentum Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1048971
• Wolke, T. (2017). Risk Management. München: De Gruyter Oldenbourg. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1630319

Recommended Additional Bibliography

• Corporate Risk Management Merna, Tony; Al-Thani, Faisal F.;and more John Wiley & Sons, Incorporated 2008 ISBN: ISBN number:9780470518335, ISBN number:9780470759004

Authors

• SHIDLOVSKIY IVAN GENNADEVICH