“…In scientific papers, the issues of integrated risk assessment are verified by empirical research: 1) integrated assessment deals with two types of risk (market and credit risks) in the banking sector (Tanaka & Muromachi, 2003;Iscoe, Kreinin & Rosen, 1999;Medova & Smith, 2005;Dimakos et al, 2004), and, due to the specific features of this sector, the research results can be useful for the banking sector only; 2) integrated assessment aims at measuring factors of one risk type arising from different sources (Greiving et al, 2006;Bechmann, 2009;Zhang et al, 2016;Botti et al, 2018;Iqbal et al, 2018;Severini et al, 2019), and the application of integrated assessment is limited to natural risks; 3) integrated assessment aims at determining the threats posed by natural hazard (Johnson, 2019;Wang et al, 2018;Lescesen et al, 2019;Wenda-Piesik et al, 2016;Achieng Onyango et al, 2016, Jia et al, 2016Naulin, 2015;Zhang et al, 2017;Wang et al, 2018), and application of integrated assessment is limited to production sector; 4) integrated assessment aims at evaluating optimization of project portfolio, which includes social, economic and environmental factors (Costa Dutra et al, 2016).…”