Assessing operational risk in coal mining enterprises - Internal, industrial and international perspectives

This paper aims to assess and compare operational risk in coal mining enterprises in Central and Eastern Europe. It also provides framework for combined internal and industrial risk assessment using fuzzy logic. The fuzzy logic is used to assess the operational risk from two perspectives: internal and industrial. In this context, five mining enterprises from Central and Eastern Europe are examined. Operational risk related to the specifics of the business, due to the geopolitical and progressive globalization of the coal market, is analyzed through mining enterprises that are comparable in value. For individual operational risk diversification in mining enterprises, the assessment of resource potential plays a key role. In terms of the risk associated with the specifics of business, the lowest partial risk assessments relate to customer relationships. (C) 2016 Elsevier Ltd. All rights reserved.