The RCVaR Model of Contingency Plans’Activation Based on Multiple Experts’Evaluation

Yu Hui; Tang Lin

Journal of Beijing University of Aeronautics and Astronautics Social Sciences Edition > 2012 > (6): 20-24.

Yu Hui, Tang Lin. The RCVaR Model of Contingency Plans’Activation Based on Multiple Experts’Evaluation[J]. Journal of Beijing University of Aeronautics and Astronautics Social Sciences Edition, 2012, (6): 20-24.

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The RCVaR Model of Contingency Plans’Activation Based on Multiple Experts’Evaluation

Yu Hui,
Tang Lin

School of Economics and Business Administration, Chongqing University, Chongqing 400030, China

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Received Date: October 21, 2012
Published Date: November 24, 2012

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Abstract

Abstract

When to activate contingency plans is the key point for corporations to deal with unexpected events. This paper gives a method of multiple experts to activate contingency plans based on analysis of relative research. It creatively puts experts' suggestions in the process of decision, and view relative RCVaR as the decision goal to study when to activate contingency plans. The research finds that RCVaR mode can deal with contingency experiences from multiple experts, and it can provide support for the decision makers in the process of decision.
- unexpected events,
- contingency plans,
- activating time for contingency plans,
- multiple experts’evaluation,
- RCVaR Model

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