Journal of Management Information and Decision Sciences (Print ISSN: 1524-7252; Online ISSN: 1532-5806)


Model of risk classification in the electricity distribution sector of the UAE

Author(s): AlMarzooqi, A.H., Kasdirin, H.A., & Mansor, N.

The effective classification of risk types can form the basis for a strong response of an organization to the specific sources of risk and prevent serious losses for the company. To deliver the effective risk management model, management should be provided with a realistic and relevant risk classification model applicable to the conditions of the specific organization. This study assessed the risk classification model implemented in the energy distribution system of the UAE, specifically, the Abu Dhabi Distribution Company (ADDC). The risk classification model of the organization was critically assessed and compared to the findings of the academic literature review, including the best practices in the field of risk classification. The findings of the research formed specific recommendations for the improvement of the risk classification practices in the selected organization. The methodology of the research relied on a qualitative research design and the semi-systematic literature review.

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