A risk-metric framework for enterprise risk management

A risk-metric framework that supports Enterprise Risk Management is described. At the heart of the framework is the notion of a risk profile that provides risk measurement for risk elements. By providing a generic template in which metrics can be codified in terms of metric space operators, risk profiles can be used to construct a variety of risk measures for different business contexts. These measures can vary from conventional economic risk calculations to the kinds of metrics that are used by decision support systems, such as those supporting inexact reasoning and which are considered to closely match how humans combine information.