Archive
Journal of Economics 2025 Journal of Economics 2024

https://doi.org/10.36719/XXXX-XXXX/2/22-33

Samadagha Rizvanli

Azerbaijan State Oil and Industry University

https://orcid.org/0009-0003-3093-0073

rizvanlisemedaga170@gmail.com

Lala Huseynova

Azerbaijan State Oil and Industry University

https://orcid.org/0009-0005-2994-6136

h.lala67@mail.ru

 

Assessment of Economic Damage and Risk Analysis in Emergencies

 

Abstract

The article provides basic provisions and information on the assessment of damage caused in the field of economy in emergencies and risk analysis, as well as factors affecting objects. Here, the methodology for assessing economic damage as a result of the occurrence of risks and their analysis are presented.

Risk analysis and management is one of the most important directions in the training of specialists in the field of protection in emergencies, in ensuring the continuity of the development and operation of various national economic facilities in emergencies, in minimizing possible economic damage as a result of malfunctions in the operation of facilities or in ensuring safety in risky situations, including environmental protection.

The main assumptions here are determined on the basis of risk theory, i.e. activities in the field of analysis and management of environmental and economic risks. The methodology is the basis for the formation of factors, determining their stability in accordance with the methods of impact on the object under consideration, assessment of economic damage. Risk management is one of the important elements in ensuring a sufficiently reliable level of operation of the research object, its characteristics and sensitivity to various factors. Moreover, risks should be expressed not only in terms of cost, in the form of economic damage, but also in social and other indicators or forms. Examples include deterioration of the environment or human health, death or illness of animals, etc.

Risk is a combined factor of the probability of an undesirable event and its consequences. Risk can also be understood as a measure of danger characterizing the probability of an accident at a hazardous industrial facility and the severity of its consequences. According to another definition, risk management is a risk-based, purposeful activity aimed at implementing the best possible way to reduce risks to a level considered acceptable by society, based on available resource and time constraints.

Keywords: economy, emergencies, risk, damage, safety


Views: 27