Risk management in the heating industry

Aleksander Iwaszczuk; Natalia Iwaszczuk

doi:10.7494/dmms.2022.16.5995

Authors

Aleksander Iwaszczuk Cracow University of Technology
Natalia Iwaszczuk AGH University of Krakow

DOI:

https://doi.org/10.7494/dmms.2022.16.5995

Keywords:

energetic safety, district heating, risk-management strategies, decision-making, economic stability

Abstract

The heating industry plays a very important role in countries with a cold and temperate climate. Together with the power industry, it determines the energy security of these countries. That is why it is so important to study the risks that threaten the stability of heating companies. The article identifies risks divided into three groups – general economic, industry and specific risks. A risk map was drawn up and a qualitative analysis of their impact for the aforementioned companies was carried out. Such a map is a helpful tool in making decisions related to risk management and ensuring the stability of the functioning of business entities.ul information for both government and local authorities in the search for effective ways to drive the sector’s development.

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