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risk preferences

risk analysis of uk oil companies

Alternatives
risk avoidance
avoid the risk

risk reduction
reduce risk

risk mitigation
remove risk

Criteria
risk preference uncertain energy policy access to reserve operationl cost control environmental management

Preferences and priorities

Preferences in context of: risk preference

operationl vs. uncertain energy policy 7:1

access to reserve vs. uncertain energy policy 4:1

operationl vs. access to reserve 2:1

uncertain energy policy vs. cost control 6:1

uncertain energy policy vs. management 1:1

environmental vs. uncertain energy policy 5:1

cost control vs. operationl 6:1

cost control vs. management 4:1

environmental vs. cost control 9:1

cost control vs. access to reserve 6:1

operationl vs. management 1:1

operationl vs. environmental 1:1

environmental vs. management 6:1

management vs. access to reserve 7:1

access to reserve vs. environmental 5:1

Criterion Weight

uncertain energy pol 11.72

access to reserve 16.25

operationl 13.17

cost control 19.35

environmental 27.11

management 12.39

Preferences in context of: uncertain energy policy

risk avoidance 8

risk mitigation 9

risk reduction 4

Alternative uncertain energy pol

n 88.89

risk reduction 44.44

risk mitigation 100

Preferences in context of: access to reserve

risk avoidance 6

risk mitigation 9

risk reduction 5

Alternative access to reserve

n 66.67

risk reduction 55.56

risk mitigation 100

Preferences in context of: operationl

risk avoidance 6

risk mitigation 8

risk reduction 9

Alternative operationl

n 66.67

risk reduction 100

risk mitigation 88.89

Preferences in context of: cost control

risk avoidance 5

risk mitigation 8

risk reduction 6

Alternative cost control

n 62.5

risk reduction 75

risk mitigation 100

Preferences in context of: environmental

risk avoidance 5

risk mitigation 7

risk reduction 8

Alternative environmental

n 62.5

risk reduction 100

risk mitigation 87.5

Preferences in context of: management

risk avoidance 2

risk mitigation 8

risk reduction 6

Alternative management

n 25

risk reduction 75

risk mitigation 100

Criterion Global weight [%] Local weight [%]

risk preference 100 100

environmental 27.11 27.11

cost control 19.35 19.35

access to reserve 16.25

16.25

operationl 13.17 13.17

management 12.39 12.39

uncertain energy policy 11.72 11.72

Ranking in context of: risk preference

Alternative Total uncertain energy pol access to reserve

operationl cost control environmental management

n 62.17 10.42 10.83 8.78 12.1 16.94 3.1

risk reduction 78.33 5.21 9.03 13.17 14.51 27.11 9.29

risk mitigation 95.15 11.72

16.25 11.71 19.35 23.72 12.39

Comparison in context of: risk preference

Criterion n risk reduction risk mitigation

uncertain energy pol

88.89 44.44 100

access to reserve 66.67 55.56 100

operationl 66.67 100 88.89

cost control 62.5 75 100

environmental 62.5 100 87.5

management 25

75 100