Table 7.
Arguments for and against the implementation of the proposed MORMM model.
| For | Against |
|---|---|
| It provides the decision makers and/or evaluators with the opportunity for transparent decision making and/or evaluation. | Sufficient data are not yet available for testing. |
| It addresses the risk holistically and not in a fragmented way. | Sufficient data are not yet available for testing. |
| It is a “value” oriented tool: evaluators are encouraged to incorporate and directly or indirectly attribute a “value” on the stake of the business plan. | Sufficient data are not yet available for testing. |
| It may be utilized by both expert and less experienced professionals at any business level. | Sufficient data are not yet available for testing. |
| It is designed to support the whole lifecycle of a coal mining business plan. | Sufficient data are not yet available for testing. |
| If modified it may include any number of hazard categories. | The demo included five hazard categories. Modifications may be needed when at the prototype stage. |
| If modified it may include unlimited number of evaluators/experts. | The demo included five evaluators. Modifications may be needed when at the prototype stage. |
| If modified it may include unlimited number of hazards. | The demo included 14 hazards. Sufficient data are not yet available for testing. |
| It may incorporate qualitative and quantitative hazards (including financial ratios etc.). | Sufficient data are not yet available for testing. |
| If modified it may include different weights for each hazard category and/or hazards. In that case the sum of all weights shall be one. | Sufficient data are not yet available for testing. |
| It may be very useful in situations of Time Critical Risk Decisions. | Sufficient data are not yet available for testing. |
| If incorporated into a cell phone application, it may be utilized by mine personnel when they operate in remote distances. | Sufficient data are not yet available for testing. |