AB Electric Power Company Risk Management Optimization Research

Risk management is divided into simple risk management,business risk management and overall risk management three stages.At present,the concept of risk management is transformed from a single,local or separability level into enterprise overall level.The research mode is transformed from modeling into standardized framework.Effective risk management is beneficial to making the right decisions when enterprises deal with risk,can also enhance economic benefits and can ensure the implementation of operation objectives of the enterprise.AB Electric Power Company is a wholly owned subsidiary of State Grid Corporation.On the one hand,the State-owned Assets Supervision and administration commission(SASAC)has issued the guidelines for comprehensive risk management of the central enterprises,guiding the central enterprises to establish a comprehensive risk management system.On the other hand,the management environment of AB Electric Power Company is becoming more and more complex,and the company's risk management should not be ignored.Therefore,both government regulation and the healthy development of the enterprise demand AB Electric Power Company to move from the simple risk management stage to the comprehensive risk management phase.In this context,it is especially important for AB Electric Power Company to build and optimize the risk management system of the enterprise.This paper uses normative research method and case study method and focuses on AB Electric Power Company to analyze the present situation of the company risk management,and puts forwards the plan to optimize its risk management and to improve the risk response capability of the company.Finally,which can promote the realization of the company's strategic objectives and the improvement of its operating efficiency.The paper firstly defines the concepts of risk and risk management,expounds some basic theories of risk evaluation model,including relevant theories of risk management,General Equilibrium Theory in economics and etc.In combination with the actual situation of electric power enterprises,the risk management framework of electric power enterprises is constructed.Then,based on this framework,the paper analyzes the risk structure and the present situation of risk management of AB Electric Power Company,and points out its main problems in the risk management process.In respect of the main problems,five optimizations are proposed,respectively,to carry out risk culture construction,to conduct risk classification management and establish two dimensions of risk evaluation,to build a quantitative model of risk evaluation and to carry out the information construction of risk management.After that,the paper focuses on the construction scheme and working mechanism of quantitative model of the two kinds of risk evaluation.The research not only provides some risk management optimization scheme for AB Electric Power Company,but also provides a reference for the risk management activities in China's electricity industry.