Memorias de investigación
Communications at congresses:
Qualitative Operational Risk Software -Development of a Software Tool for Determining the Root of Operational Risk
Year:2012

Research Areas
  • Engineering,
  • Economy,
  • Finance

Information
Abstract
This article shows software that allows determining the statistical behavior of qualitative data originating surveys previously transformed with a Likert?s scale to quantitative data. The main intention is offer to users a useful tool to know statistics' characteristics and forecasts of financial risks in a fast and simple way. Additionally, this paper presents the definition of operational risk. On the other hand, the article explains different techniques to do surveys with a Likert?s scale (Avila, 2008) to know expert?s opinion with the transformation of qualitative data to quantitative data. In addition, this paper will show how is very easy to distinguish an expert?s opinion related to risk, but when users have a lot of surveys and matrices is very difficult to obtain results because is necessary to compare common data. On the other hand, statistical value representative must be extracted from common data to get weight of each risk. In the end, this article exposes the development of ?Qualitative Operational Risk Software? or QORS by its acronym, which has been designed to determine the root of risks in organizations and its value at operational risk OpVaR (Jorion, 2008; Chernobai et al, 2008) when input data comes from expert?s opinion and their associated matrices.
International
Si
Congress
INTERNATIONAL CONFERENCE ON QUALITY AND SERVICE SCIENCES 15TH QMOD CONFERENCE
960
Place
POZNAN, POLONIA
Reviewers
Si
ISBN/ISSN
978-83-89333-46-9
Start Date
05/09/2012
End Date
07/09/2012
From page
1174
To page
1101
INTERNATIONAL CONFERENCE ON QUALITY AND SERVICE SCIENCES
Participants
  • Autor: Carlos Rodriguez Monroy UPM
  • Autor: DIONICIO PEÑA UPM
  • Autor: PABLO SOLANA UPM
  • Autor: JOSE DEL HIERRO MARQUES UNED

Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Ingeniería de la Calidad Alimentaria
  • Departamento: Ingeniería de Organización, Administración de Empresas y Estadística