Economic Efficiency of the Electronic Security Systems in Security Management of Commercial Activities

• Published in: Revista de Management Comparat International
• Main Authors: Marian NASTASE, Emilian Cristian IRIMESCU
• Format: Article
• Language: English
• Published: Editura ASE 2014-05-01
• Subjects: security management; security systems; efficiency; commercial activities; security assessment; return on investment; return on security investment
• Online Access: https://www.rmci.ase.ro/no15vol2/01.pdf

The purpose of this study is to identify some general patterns of the efficiency of electronic security systems used in the security management of the commercial activities and spaces. We also intend to identify several mathematical models to quantify the economical efficiency of electronic security systems and to determine the conditions in which these models are relevant. In our days, security management is a key part of the economic activity (commercial also). For this reason, quantifying the economic efficiency of security systems (systems with an important role in the security management) is more a necessity and an obligation. Being a new area of expertise, the efficiency of security systems (and general of security measures) is based on the classical way of assessing the economic efficiency, but remodelled. The old Return on Investment (ROI) will become Return on Security Investment (ROSI).