What's Wrong with Risk Matrices?

By Louis Anthony (Tony)Cox. Risk Analysis, 2008

879 citations recorded by the source corpus.

Subfields: Management Science and Operations Research, Statistics and Probability

View Paper: https://www.semanticscholar.org/paper/d6f62d56de026f2425f19ff0edb96c1f05107ce1

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Management Science and Operations Research

1. E. S. Levine
2. Hale Özyürek
3. Ali Ihsan Ozdemir
4. Ali Asgary

In Statistics and Probability

1. E. S. Levine
2. Hale Özyürek
3. Ali Ihsan Ozdemir
4. Ali Asgary

Citations in the corpus

• Improving risk matrices: the advantages of logarithmically scaled axes (2012, methodology): “However, recent work has pointed out some of the failings of risk matrices, as they are constructed and used in practice (Cox 2008).”
• Small and Medium Enterprises and Global Risks: Evidence from Manufacturing SMEs in Turkey (2020, methodology): “Although the risk matrix method has been criticized by scholars and professionals (Cox 2008; Ni et al. 2010; Bao et al. 2017), it is an invaluable tool for fast, effective, and practical risk assessment (Talbot 2011).”