Journal articles: 'Continuous risk management'

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Carmine, Boniello. "The Management of Corporate Risk Factors: The Business Risk-management and L’enterprise-wide Risk Management." International Journal of Economics, Business and Management Research 06, no. 08 (2022): 334–43. http://dx.doi.org/10.51505/ijebmr.2022.6821.

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The management of risk factors requires three key elements: a common terminology for risk, in a continuous and future-oriented process of identification, research and measurement of risks and opportunities, and finally managers skilled in risk management and responsible for coordinating and continuously implement the risk strategy with pre-established risk objectives. These elements are applied consistently within the company. The work will focus on the current view of corporate risk and risk management. Finally we will focus on enterprise-wide risk management.

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Galli, Brian J. "Continuous Improvement Relationship to Risk Management." International Journal of Applied Management Sciences and Engineering 5, no. 2 (July 2018): 1–14. http://dx.doi.org/10.4018/ijamse.2018070101.

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In order for a company to economically survive, it needs to compete with a highly competitive market. The world is changing fast, adding different types of risks to companies. So, companies need to not only meet requirements but also exceed them. At the same time, companies are required to lower the level of risks they may encounter. As a result, continuous improvement and risk management should be key factors to insure company success. This study explores the relationship between the two concepts and gives examples where the interconnections between them exist. Also, the study explains the important key components of continuous improvement and the classifications of risk management. Finally, this article focuses on three aspects, managing complaints, developing strategy, and creating a suitable culture. These aspects are evaluated based on the relationship between continuous improvement and risk management.

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Galli, Brian J. "Continuous Improvement, Six Sigma and Risk Management." International Journal of Strategic Engineering 3, no. 2 (July 2020): 1–23. http://dx.doi.org/10.4018/ijose.2020070101.

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The competitive business environment today is something that has never been seen before, as technology continues to challenge the way in which business has been done. As profit margins continue to shrink, it is imperative that companies have robust methods of process management to ensure peak efficiency. Continuous improvement, known as Kaizen in Japanese, is a natural step forward that is informed by the decisions made using risk management. The purpose of this article is to study the relationship between continuous improvement and risk management. In order to accomplish this task, proper definitions will be established, and proof will be provided of their relationship in real-world examples. This article represents the ideas of Lean Six Sigma and Kaizen as methods to improve the processes in many different settings, as they become excellent tools for the continuous improvement phase. Six Sigma is a set of techniques that can detect and improve defects to reduce the variability in processes that may lead to undesirable inconsistencies. Moreover, the article looks at the barriers that stop companies from adopting these methodologies. Finally, the article discusses a method for the implementation of Kaizen and Lean Six Sigma in the form of A3.

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Helm, James C. "9.5.3 Teaching Continuous Risk Management Using A Requirements Management Tool." INCOSE International Symposium 14, no. 1 (June 2004): 2011–26. http://dx.doi.org/10.1002/j.2334-5837.2004.tb00630.x.

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Rios, Erkuden, Angel Rego, Eider Iturbe, Marivi Higuero, and Xabier Larrucea. "Continuous Quantitative Risk Management in Smart Grids Using Attack Defense Trees." Sensors 20, no. 16 (August 7, 2020): 4404. http://dx.doi.org/10.3390/s20164404.

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Although the risk assessment discipline has been studied from long ago as a means to support security investment decision-making, no holistic approach exists to continuously and quantitatively analyze cyber risks in scenarios where attacks and defenses may target different parts of Internet of Things (IoT)-based smart grid systems. In this paper, we propose a comprehensive methodology that enables informed decisions on security protection for smart grid systems by the continuous assessment of cyber risks. The solution is based on the use of attack defense trees modelled on the system and computation of the proposed risk attributes that enables an assessment of the system risks by propagating the risk attributes in the tree nodes. The method allows system risk sensitivity analyses to be performed with respect to different attack and defense scenarios, and optimizes security strategies with respect to risk minimization. The methodology proposes the use of standard security and privacy defense taxonomies from internationally recognized security control families, such as the NIST SP 800-53, which facilitates security certifications. Finally, the paper describes the validation of the methodology carried out in a real smart building energy efficiency application that combines multiple components deployed in cloud and IoT resources. The scenario demonstrates the feasibility of the method to not only perform initial quantitative estimations of system risks but also to continuously keep the risk assessment up to date according to the system conditions during operation.

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Hwang, Ya-Wen, Shih-Chieh Bill Chang, and Han-Cong Cai. "Downside Risk Control in Continuous Time Portfolio Management." Asia-Pacific Journal of Financial Studies 42, no. 6 (December 2013): 913–38. http://dx.doi.org/10.1111/ajfs.12035.

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Ganguly, Kunal. "Establishing link between quality management and supply chain risk management." TQM Journal 32, no. 5 (November 22, 2019): 1039–57. http://dx.doi.org/10.1108/tqm-05-2019-0125.

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Purpose The purpose of this paper is to present a comprehensive framework for quality-related performance measures linked to supply chain risk (SCR) by analyzing and framing them into a hierarchical structure. Design/methodology/approach In this paper, quality-related performance measures (QM) are identified on the basis of literature survey and expert opinion. The quality measures are formulated as hierarchy structure and fuzzy AHP as a multi attribute decision-making tool is applied to judge the viable candidates. Findings Based on a fuzzy AHP approach, a revised risk matrix with a continuous scale was proposed to assess the QMs’ classes. The result classifies the QMs in different categories (extreme, high, medium and low). Based on this result, some management implications and suggestions are proposed. Originality/value The present work proposes an assessment methodology for quality-related performance measures linked to SCR. The revised risk matrix with continuous scale for risk assessment in this field is a novel approach. This study contributes to the supply chain management and quality management literature, and provides suggestions for managers to adopt different strategies for different risk classes.

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B., Parimala, and Alka S. Deo. "Anaesthetic Management of High Risk Chronic Kidney Disease Patient for Continuous Ambulatory Peritoneal Dialysis Catheter Insertion with Omentectomy." Indian Journal of Anesthesia and Analgesia 5, no. 8 (2018): 1412–16. http://dx.doi.org/10.21088/ijaa.2349.8471.5818.26.

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Evans, Roger. "9.1.3 NASA EOS Aura Project Continuous Risk Management (CRM) Process." INCOSE International Symposium 12, no. 1 (August 2002): 351–56. http://dx.doi.org/10.1002/j.2334-5837.2002.tb02480.x.

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Gennaro, Alessandro. "Insolvency Risk and Value Maximization: A Convergence between Financial Management and Risk Management." Risks 9, no. 6 (June 1, 2021): 105. http://dx.doi.org/10.3390/risks9060105.

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This conceptual paper focuses on the relationship between insolvency, capital structure, and value creation. The aim is twofold: to define risk-based capital measures able to absorb the effects of financial distress and avoid corporate default; and to verify conditions and limits of use of these measures in corporate financial policies. The capital measures based on insolvency risk will be defined by recalling the concepts of Cash Flow-at-Risk and Capital-at-Risk. A first check on the usefulness of these risk-based measures and their consistency with the principle of value maximization is carried out through a simulation model. The scenario analysis allows us to examine how financial and risk policies oriented by insolvency avoidance affect the firm value. According to evidence from the simulation model, these measures appear to be useful in lowering the default risk, but they require a continuous assessment of their impact on the firm value.

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Su, Zhan Gang. "The Management of High-Rise Building Construction Safety Risks." Advanced Materials Research 1055 (November 2014): 297–300. http://dx.doi.org/10.4028/www.scientific.net/amr.1055.297.

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With the continuous development of economic level and the construction technology and progress, safety accident frequency is becoming more and higher, but now does not specifically for high-rise housing construction project the life cycle of the comprehensive security risk management research. From the high-rise building construction engineering safety construction and the basic theory and method of risk management, for high-rise building construction in the process of project construction safety risk identification, analysis and evaluation, explores the solution to the corresponding security risk effective management countermeasures.

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David, Remona Eliza. "Approaching Risk Management in Medical Laboratories." Revista Romana de Medicina de Laborator 30, no. 2 (April 1, 2022): 125–39. http://dx.doi.org/10.2478/rrlm-2022-0017.

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Abstract Risk is one of the greatest challenges in a medical laboratory. Risk-based thinking is a concept that always preoccupies medical laboratory technicians. The objectives of this work were to bring forward the specialty standards recommendations for the implementation of risk management principles in medical laboratory, the accreditation requirement of ISO 15189:2012; to demonstrate that the understanding of the fundamental notions of the concept of risk, the effectively apply of the means of identifying, assessing and controlling risks, and the risk monitoring and handling through strategies of acceptance, elimination, transfer and mitigation of risks can ensure the continuous improvement processes. A model to approach to risk management in a medical laboratory establishes the inputs, the outputs, the techniques, and the activities carried out in each of the following sub-processes of the risk management process: risk management process planning, risk identification, risk analysis and evaluation, development of the risk response plan and risk monitoring, control and revision. The concepts of risk and risk management are applied accordingly to standards ISO 31000:2018 and ISO 22367:2020 of International Organization for Standardization (ISO). Risk management ensures that the fundamental requirements for healthy, proactive internal control of the medical laboratory are met.

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Horga, Adeline Larisa, Mihai-Leonida Neamțu, and Bogdan Neamțu. "Receiving Continuous Antibiotic Prophylaxis." Acta Medica Transilvanica 25, no. 1 (March 1, 2020): 28–31. http://dx.doi.org/10.2478/amtsb-2020-0008.

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AbstractContinuous antibiotic prophylaxis represents an initial management strategy for decreasing the risk of urinary tract infections in children with vesicoureteral reflux. A significant number of cases resolve spontaneously in time, reason for which continuous antibiotic prophylaxis is not required in every patient with this disorder. It is mandatory to select the patients who need continuous antibiotic prophylaxis according to their risk group. We do not have a lot of scientific evidences about what is better or not for these patients, but the main objective for the case management is to maintain the renal function, by minimizing the risk of pyelonephritis, renal scars and its consequences such as hypertension or renal failure. The selection of these patients who do not require continuous antibiotic prophylaxis is difficult, and the prophylaxis remains the safest method in most of the cases. To take the best decisions for our patients, it is important to consider the last published guidelines and studies.

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Okada, Tomoyuki. "Integrated water resources management and drought risk management in Japan." Water Policy 18, S2 (December 1, 2016): 70–88. http://dx.doi.org/10.2166/wp.2016.214.

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Japan has experienced several severe drought disasters in the past and is still suffering from drought conditions in some parts of the country every year. To cope with the drought disasters, Japan takes three types of countermeasures: (i) water resources planning and development as supply side measures; (ii) promotion of efficient water use as demand side measures; and (iii) coordinated drought risk management as risk control measures. Owing to continuous efforts in water resources development, water saving, and water recycling, drought risk is currently mitigated to some extent. Japan further needs to improve the drought safety level and secure stable water supply.

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Nagata, O. "Risk Management Mechanism in Continuous Infusion Devices(Risk Management in Machine of Medical Treatment Related to Anesthetic Equipment)." JAPANES JOURNAL OF MEDICAL INSTRUMENTATION 77, no. 9 (September 1, 2007): 553–57. http://dx.doi.org/10.4286/ikakikaigaku.77.9_553.

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Pellissier, James M., Gordon B. Hazen, and Rowland W. Chang. "A Continuous-Risk Decision Analysis of Total Hip Replacement." Journal of the Operational Research Society 47, no. 6 (June 1996): 776. http://dx.doi.org/10.2307/3010286.

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Pellissier, James M., Gordon B. Hazen, and Rowland W. Chang. "A Continuous-Risk Decision Analysis of Total Hip Replacement." Journal of the Operational Research Society 47, no. 6 (June 1996): 776–93. http://dx.doi.org/10.1057/jors.1996.98.

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Jabalameli, M. S., S. J. Hosseininezhad, and S. G. Jalali Naeini. "A Risk Management Model For The Capacitated Continuous Location Allocation Problem." Journal of Mathematics and Computer Science 06, no. 01 (January 15, 2013): 1–12. http://dx.doi.org/10.22436/jmcs.06.01.01.

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Hosny, Hossam E., Ahmed H. Ibrahim, and Raymond F. Fraig. "Risk management framework for Continuous Flight Auger piles construction in Egypt." Alexandria Engineering Journal 57, no. 4 (December 2018): 2667–77. http://dx.doi.org/10.1016/j.aej.2017.10.003.

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Bucăţa, George, Alexandru-Marius Rizescu, and Ramona-Elena Herman. "The Risk of Personnel Management." International conference KNOWLEDGE-BASED ORGANIZATION 28, no. 1 (June 1, 2022): 169–79. http://dx.doi.org/10.2478/kbo-2022-0026.

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Abstract The decision to hire a new person in the company, like many other business decisions, carries a number of risks. Many older companies have had the experience of hiring an unsuitable person because they selected the ideal candidate for the interview, but the candidate had the wrong expectations about performance or integration. The reasons why a new employee turns out to be unsuitable can be many. Perhaps he or she fails to establish a good rapport with colleagues or the company’s customers, or exhibits inappropriate behavior or falls short of expectations and does not meet the performance criteria set forth by the job evaluation form. The role of a human resources risk management professional is to consider all the possible consequences of employee risks, which may be related to employee behavior, management style, or salary, for example. This paper aims to highlight the importance of adult education through training programs, taking into account the role that economic organizations play with regard to continuous training of employees, especially in terms of their personal development, ensuring satisfaction at work and competitiveness on the labour market.

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Potterf, Mária, Kyle Eyvindson, Clemens Blattert, Daniel Burgas, Ryan Burner, Jörg G. Stephan, and Mikko Mönkkönen. "Interpreting wind damage risk–how multifunctional forest management impacts standing timber at risk of wind felling." European Journal of Forest Research 141, no. 2 (March 22, 2022): 347–61. http://dx.doi.org/10.1007/s10342-022-01442-y.

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AbstractLandscape multifunctionality, a widely accepted challenge for boreal forests, aims to simultaneously provide timber, non-timber ecosystem services, and shelter for biodiversity. However, multifunctionality requires the use of novel forest management regimes optimally combined over the landscape, and an increased share of sets asides. It remains unclear how this combination will shape stand vulnerability to wind disturbances and exposed timber volume. We combined forest growth simulations and multi-objective optimization to create alternative landscape level forest management scenarios. Management choices were restricted to 1) rotation forestry, 2) continuous cover forestry, and 3) all regimes allowed over a harvest intensity gradient from completely set aside landscapes to maximal economic gain. Estimates for the stands’ structural and environmental characteristics were used to predict the stand level wind damage probability. We evaluated averaged wind-exposed standing timber volume and changing forest structure under management scenarios. Intensive rotation forestry reduced tree heights and wind damage risk, but also reduced landscape multifunctionality. Conversely, continuous cover forestry maintained multifunctionality but increased wind damage probability due to taller trees and higher thinning frequency. Overall, continuous cover forestry lowers the total volume of wind exposed timber at any given time compared with rotation forestry. Nevertheless, a selective application of rotation forestry contributes to high economic gains and increases landscape heterogeneity. A combination of management approaches across landscapes provides an efficient way to reduce the amount of wind-exposed timber volume while also increasing habitat for vertebrate and non-vertebrate species and satisfying high timber demands.

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Wagner, M., and I. Strube. "Risk management in waste water treatment." Water Science and Technology 52, no. 12 (December 1, 2005): 53–61. http://dx.doi.org/10.2166/wst.2005.0426.

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With the continuous restructuring of the water market due to liberalisation, privatisation and internationalisation processes, the requirements on waste water disposal companies have grown. Increasing competition requires a target-oriented and clearly structured procedure. At the same time it is necessary to meet the environment-relevant legal requirements and to design the processes to be environment-oriented. The implementation of risk management and the integration of such a management instrument in an existing system in addition to the use of modern technologies and procedures can help to make the operation of the waste water treatment safer and consequently strengthen market position. The risk management process consists of three phases, risk identification, risk analysis/risk assessment and risk handling, which are based on each other, as well as of the risk managing. To achieve an identification of the risks as complete as possible, a subdivision of the kind of risks (e.g. legal, financial, market, operational) is suggested. One possibility to assess risks is the portfolio method which offers clear representation. It allows a division of the risks into classes showing which areas need handling. The determination of the appropriate measures to handle a risk (e.g. avoidance, reduction, shift) is included in the concluding third phase. Different strategies can be applied here. On the one hand, the cause-oriented strategy, aiming at preventive measures which aim to reduce the probability of occurrence of a risk (e.g. creation of redundancy, systems with low susceptibility to malfunction). On the other hand, the effect-oriented strategy, aiming to minimise the level of damage in case of an undesired occurrence (e.g. use of alarm systems, insurance cover).

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Artikis, Theodore P., Aggeliki P. Voudouri, and John I. Moshakis. "A Stochastic Present Value Model In Selecting Risk Management Processes." Journal of Applied Business Research (JABR) 13, no. 4 (September 7, 2011): 199. http://dx.doi.org/10.19030/jabr.v13i4.5746.

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The analysis of stochastic present value models provides one of the more powerful techniques applicable to financial decision making under conditions of uncertainty. The paper introduces a present value model for a random payment decomposed into a random sum of continuous positive independent and identically distributed random variables, under a random timing represented as the minimum of a random number of continuous positive and identically distributed random variables. Properties of the corresponding distribution function are established. Moreover, the paper provides applications of the model in selecting risk management processes for a system consisting of a random number of components, each component having a random failure time.

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Tchórzewska-Cieślak, Barbara. "Risk in Water Supply System Crisis Management." Journal of Konbin 5, no. 2 (January 1, 2008): 175–90. http://dx.doi.org/10.2478/v10040-008-0047-1.

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Risk in Water Supply System Crisis Management Water supply system belongs to the so called critical infrastructure of cities, and it should be a priority task for waterworks and even for the local authorities to ensure the suitable level of its safety. This system is characterised by its continuous work and requires high reliability level for its operating as well as for its safety, it is unique and its particular elements have different functions and simultaneously they interact forming an integral whole. The main aim of this paper is to present problems associated with water supply system safety management in a crisis situation.

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Chiu, Hs, and Ch Chung. "Risk Management in Emergency Department." Hong Kong Journal of Emergency Medicine 7, no. 2 (April 2000): 96–103. http://dx.doi.org/10.1177/102490790000700206.

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Risk Management includes risk identification, assessment, prevention, control and event handling when they occur. With the change of social culture and public expectation, the need for more emphasis on risk management in clinical practice has become increasingly obvious. It is especially applicable to the practice of Emergency Medicine, which by its nature has intrinsic weaknesses vulnerable to mistakes and dissatisfaction. The newer trend recognises that the patient is the only one who is at real risk. In order to protect the patient and to lower litigation rate, the function of modern risk management is to ensure that every patient is handled in a correct, humane manner and to everybody's satisfaction. There are a few important concepts in modern risk management and risk classification. Many different methods are available for identifying high-risk areas in relation to the practice of Emergency Medicine. Strategies in preventing or minimising unsatisfactory outcomes vary, but are essentially linked to the commitment for the provision of quality care and clinical audit. Non-clinical events and medical insurance also have their share in risk management. In essence, careful planning, adequate preparation and continuous monitoring are required to ensure that potential problems can be dealt with quickly and effectively should they occur.

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Yu, Zhong Qiu. "A System Approach to Risk Management in the Age of Supply Chain Complexity." Advanced Materials Research 490-495 (March 2012): 1955–59. http://dx.doi.org/10.4028/www.scientific.net/amr.490-495.1955.

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A risk management system is put forward to handle the risks raised from supply chain complexities. The system puts emphasis not only on risk precautions and control but on continuous development plan of the system as well to ensure the safety, continuity and high efficiency of the flexible and agile supply chain.

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Polozova, E. A. "Current aspects of risk management in clinical trials." Kachestvennaya klinicheskaya praktika, no. 1 (May 26, 2020): 45–52. http://dx.doi.org/10.37489/2588-0519-2020-1-45-52.

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Improving the quality of drugs is the main task of the pharmaceutical industry as a whole. Getting safe and eff ective medications is directly related to minimizing the risks of conducting clinical trials. Maintaining the quality of clinical research based on risk management is a continuous, constant and dynamic process ensuring the success of the study, which in turn leads to the integrity of the data collected, the safety of subjects and compliance with legal requirements, as well as to the financial cost savings of pharmaceutical companies. The cost of research is growing inexorably, and the quality of their research is rapidly declining, so it is important to use a risk-based approach when developing the upcoming clinical trial project.

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Riazanova, Nataliia O. "FORMATION OF RISK MANAGEMENT SYSTEM AT INDUSTRIAL ENTERPRISES." Academic Review 1, no. 56 (June 2022): 63–73. http://dx.doi.org/10.32342/2074-5354-2022-1-56-7.

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The presence of a significant number of different risks, which are influenced by the management of industrial enterprises and taking into account which they are forced to make management decisions has determined the relevance of the chosen research topic. Numerous theoretical and, as a consequence, practical aspects of managing various risks that accompany the operation of industrial enterprises were considered in the works of B. Barkley, R. Dembo, S. Drew, M. Frenkel, P. Hopkin and other foreign researchers, and soon also in works of numerous domestic scientists V. Danchuk, V. Nemchenko, T. Pismena, A. Sviderska, K. Semenova, K. Tarasova and other researchers. The need to implement an integrated approach to risk management makes sense not only within a single business entity, but also in the totality of established sectors and sectors of economic and industrial activities. The vast majority of characteristics that determine the nature of risk, associate it with the probability of implementation and the possibility of inflicting damage, which correlates with the definition of risk as part of the uncertainty. All actions that take place during the risk management process must be subject to continuous monitoring and be under the constant control of the company’s management. Risks must be assessed taking into account the specifics of not only the entity but the economic system in which it is integrated. Risks should be considered as a dynamic quantity that can affect the subject in both negative and stimulating ways. Risk management in industrial enterprises should be focused on identifying the causes of various risks, and the use of all factors that ensure optimal development of industrial enterprises in conditions of economic uncertainty. The existence of two concepts of risk management is substantiated: traditional and modern. The traditional concept is characterized by the fragmentary nature of risk management, episodic risk management. The modern concept is based on an integrated approach to management and continuous risk management. The implementation of dynamic models involves the use of various methodologies, such as: the use of a system of balanced scores (Balanced Score Card), the application of logistics principles in the management of certain types of risks, the transition to integrated risk management systems. Approaches to risk management at industrial enterprises are defined. The key conditions in the field of risk management are formulated, under which this process will be the most effective between the various elements of the system. Statistical and dynamic models are singled out within the approaches to risk management, the peculiarities of their application are considered. The principles of logistics are considered, based on general approaches to the procedures of response and regulation of the probability of threats in the management of risks in the enterprise, which aim to ensure the coordination of logistics functions. The concept of integrated risk system at enterprises is highlighted, the advantages of its use are determined. The common methodology of risk management COSO ERM (Enterprise Risk Management - Integrated Framework Committee of Sponsoring Organizations of the Treadway Commission) is analyzed. The model of integrated risk management and its stages are presented.

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Iordache, Alice, and Alexandru Woinaroschy. "Drinking Water Quality Risk Management. Risk Analysis of Nitrogen Groundwater Contamination Using Analytica Software." Revista de Chimie 70, no. 11 (December 15, 2019): 3971–76. http://dx.doi.org/10.37358/rc.19.11.7684.

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Drinking water supply is essential for public health, quality of life, sustainable development of economic activity, and environmental protection. In this context, it is important to ensure continuous improvement of all stages of processes to guarantee water quality and safety [1]. The main objectives of the study are: -development of an integrated method and probable risk analysis for a drinking water supply system; -risk assessment of contamination of raw water with nitrate [2].

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Artikis, Constantinos T., Panagiotis T. Artikis, and John I. Moshakis. "Stochastic compounding models for continuous uniform cash flows arising in risk management." Journal of Statistics and Management Systems 11, no. 2 (March 2008): 277–301. http://dx.doi.org/10.1080/09720510.2008.10701312.

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Michaloudis, D., A. Petrou, P. Bakos, A. Chatzimichali, K. Kafkalaki, A. Papaioannou, M. Zeaki, and A. Flossos. "Continuous spinal anaesthesia/analgesia for the perioperative management of high-risk patients." European Journal of Anaesthesiology 17, no. 4 (April 2000): 239–47. http://dx.doi.org/10.1097/00003643-200004000-00006.

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Michaloudis, D., A. Petrou, P. Bakos, A. Chatzimichali, K. Kafkalaki, A. Papaioannou, M. Zeaki, and A. Flossos. "Continuous spinal anaesthesia/analgesia for the perioperative management of high-risk patients." European Journal of Anaesthesiology 17, no. 4 (April 2000): 239–47. http://dx.doi.org/10.1046/j.1365-2346.2000.00651.x.

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Kalisa, Ing Eric, and Jana Korytárová. "Environment Risk Management of Warehouse and Production Hall Investment Projects." Journal of Physics: Conference Series 2423, no. 1 (January 1, 2023): 012012. http://dx.doi.org/10.1088/1742-6596/2423/1/012012.

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Abstract Planning, implementation and operation of buildings and related outdoor areas in accordance with the principle of sustainable construction represent a current topic. Important elements of sustainability include the environmental impact assessment of construction works which may include CO2 emissions. Warehouses and manufacturing facilities are significant environmental polluters and emitters of CO2. Management of industrial companies seeks to manage this environmental risk and find ways of its reduction within the framework of sustainable development. The article deals with environmental risk management in general, its identification, assessment methods and development of the countermeasures to reduce or eliminate them. Continuous monitoring and control of the functioning of the measures represent an important component of their management. An analysis of a research sample of warehouse and manufacturing facility projects located in industrial zones shows that if companies fail to continuously reduce emissions, they may face secondary risks which may be related to the company’s social impact, sales or reputation of the company and may affect, for example, their share prices. The output of the research presented in this article is a list of initiatives on reducing environmental risks (especially CO2) of warehouses and manufacturing facilities, determination of the costs associated with them and assessment of the socioeconomic impacts (benefits to society). The research serves as one of the steps towards determining the overall socio-economic effectiveness of these measures.

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Singhal, Vinod R., Amitabh S. Raturi, and John Bryant. "On incorporating business risk into continuous review inventory models." European Journal of Operational Research 75, no. 1 (May 1994): 136–50. http://dx.doi.org/10.1016/0377-2217(94)90190-2.

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Zheng, Liyan. "Risk Management of New Cosmetic Product Development Based on Data Management of Visualization in Scientific Computing." Scientific Programming 2022 (April 11, 2022): 1–10. http://dx.doi.org/10.1155/2022/5665208.

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With the continuous development of the social economy, people pay more and more attention to their own protection and maintenance, especially the quality of commodities in terms of usage of the commodity. As commonly used commodities, the quality of their new products in cosmetics is extremely important. In the rapidly developing cosmetics industry, in view of these needs and limitations, the data management method of visualization in scientific computing is introduced in this paper. Multiple risk factors in cosmetics development are established and sorted from the three perspectives of cosmetics development, production, and sales, by combining the new cosmetic product development process. The biggest risks are clarified, the corresponding cosmetic product risk assessment model is constructed, and the new cosmetic product development risk strategy and related management are realized. The simulation experiment results show that the data management method of visualization in scientific computing is effective and can support the risk management of new cosmetic product development.

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Chun, So Yeon, and Miguel A. Lejeune. "Risk-Based Loan Pricing: Portfolio Optimization Approach with Marginal Risk Contribution." Management Science 66, no. 8 (August 2020): 3735–53. http://dx.doi.org/10.1287/mnsc.2019.3378.

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We consider a lender (bank) that determines the optimal loan price (interest rate) to offer to prospective borrowers under uncertain borrower response and default risk. A borrower may or may not accept the loan at the price offered, and both the principal loaned and the interest income become uncertain because of the risk of default. We present a risk-based loan pricing optimization framework that explicitly takes into account the marginal risk contribution, the portfolio risk, and a borrower’s acceptance probability. Marginal risk assesses the incremental risk contribution of a prospective loan to the bank’s overall portfolio risk by capturing the dependencies between the prospective loan and the existing portfolio and is evaluated with respect to the value-at-risk and conditional value-at-risk measures. We examine the properties and computational challenges of the formulations. We design a reformulation method based on the concavifiability concept to transform the nonlinear objective functions and to derive equivalent mixed-integer nonlinear reformulations with convex continuous relaxations. We also extend the approach to multiloan pricing problems, which feature explicit loan selection decisions in addition to pricing decisions. We derive formulations with multiple loans that take the form of mixed-integer nonlinear problems with nonconvex continuous relaxations and develop a computationally efficient algorithmic method. We provide numerical evidence demonstrating the value of the proposed framework, test the computational tractability, and discuss managerial implications. This paper was accepted by Chung Piaw Teo, optimization.

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Dogbe, George, Samuel Frimpong, and Jozef Szymanski. "Mineral reserve risk in continuous-time stochastic mine valuation." International Journal of Risk Assessment and Management 7, no. 5 (2007): 675. http://dx.doi.org/10.1504/ijram.2007.014093.

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Flanigan, Michael J., Linda A. Hochstetler, Donita Langholdt, and Victoria S. Lim. "Continuous Ambulatory Peritoneal Dialysis Catheter Infections: Diagnosis and Management." Peritoneal Dialysis International: Journal of the International Society for Peritoneal Dialysis 14, no. 3 (July 1994): 248–54. http://dx.doi.org/10.1177/089686089401400310.

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Purpose To develop diagnostic and treatment strategies for peritoneal dialysis catheter exit-site and tunnel infections. Population All consenting peritoneal dialysis patients performing home dialysis through the University of Iowa Hospitals and Clinics Home Dialysis Training Center. This is a state-owned teaching hospital serving a rural population of approximately one million people in Iowa and western Illinois. Methods Four dialysis nurses collected information on a prospectively designed data acquisition tool. Patients were randomly assigned to one of two treatment groups, intraperitoneal vancomycin plus oral rifampin or oral trimethoprim/ sulfamethoxazole (TMP/SMX), and their initial antibiotic therapy determined by that assignment. If the infection was gram -negative, the initial antibiotics were discontinued and an alternative therapy begun. Therapy was initiated by the nursing staff and required physician notification within 48 hours. Results There were 126 recorded catheter infections (exit-site, tunnel, or cuff infection) resulting in a rate of 0.67 episodes per patient year of exposure. Staphylococcus aureus was isolated from the majority (60%) of these events. Pseudomonas aeruginosa was the next most common isolate and accounted for 21% of infections. Rubor, dolor, and turgor are the classic signs of inflammation, and at least one of these was present in 79% of the episodes. Isolated pericatheter erythema or serous discharge was associated with a minimal risk «2%) of catheter loss. The presence of a purulent exit-site discharge identified patients who had a 30% chance of failing systemic antibiotic therapy and a 20% risk of catheter loss. The concurrent presence of exit-site tenderness or swelling identified the most severe infections. Staphylococcal infections responded equally well to local cleaning and vancomycin plus rifampin (86% cured) or oral trimethoprim/sulfamethoxazole (89% cured) therapy. Gram-negative infections were frequent (27%) and appeared to respond best to a combination of tobramycin and ciprofloxacin. Conclusion Exit-site/tunnel inflammation is detectable by patients and can be used to guide therapy. An isolated finding of erythema or serous discharge is not indicative of an acute infection and may not require systemic antibiotics. The presence of purulence identifies patients at risk for catheter loss, and these patients benefit from systemic therapy. The combination of a purulent exit-site discharge plus pericatheter tenderness or swelling identifies patients likely to suffer treatment failure and require subsequent catheter removal. The cure rate of gram -positive catheter infections treated with vancomycin plus rifampin was indistinguishable from that achieved with oral trimethoprim/sulfamethoxazole (p = 0.99).

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Soares, Rogério Alves, Marcirio Silveira Chaves, and Cristiane Drebes Pedron. "W4RM: A prescriptive framework based on a wiki to support collaborative risk management in information technology projects." International Journal of Information Systems and Project Management 8, no. 1 (October 26, 2021): 67–83. http://dx.doi.org/10.12821/ijispm080104.

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Despite the positive influence of risk management in Information Technology (IT) project results, many project managers are not managing risks or are managing them partially. To enhance risk management, collaborative project management has gained attention in recent years with the introduction of Web 2.0 tools. Project managers have used such tools to facilitate open communication and distribution of activities. This research introduces a prescriptive framework (W4RM – Wiki for Risk Management) based on a wiki to support collaborative risk management in IT projects. An exploratory focus group was set up and a series of interviews with practitioners was conducted to explore how a wiki can support risk management in IT projects. Findings show that project managers are facing difficulties managing risks and are the only ones responsible for identifying, registering and monitoring risks. By implementing a collaborative tool, managers can disseminate a collaboration culture and participate in risk management processes. This sense of collaboration may be used to keep the community identifying new risks, relating these risks to one or more projects, and facilitating continuous risk management. Practitioners can also adopt W4RM as a tool to support communication regarding risks status to be established for internal team stakeholders.

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Afanas’eva, E. A. "Improvement of Risk Management Process in Space Product Development Through its Continuous Integration." Issues of Risk Analysis 18, no. 6 (January 4, 2022): 54–65. http://dx.doi.org/10.32686/1812-5220-2021-18-6-54-65.

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Relevance. Nowadays, enterprises not only have to constantly introduce new products, but also to reduce development time, reduce costs, and improve the variety and quality of their products. In the product development process, risk management is too often underutilized and relegated to the background compared to product development planning and monitoring tools. Moreover, the measurement of process performance of risk management within product development is not defined and does not allow for comparison with peers or support continuous process improvement.The purpose of the study is to provide a framework for improving the risk management process performance in space product development. So that risk managers have the proper tools to monitor and understand where resources and efforts should be directed to improve the process.Results. This article identifies how to represent risk in product development and how to measure its impact on the performance of the risk management process in product development. Through a survey of key players in the Russian space industry, the study identifies different practices and needs in risk management, product development and performance measurement of these processes.Methods. Theoretical research methods: analysis, synthesis, classification, comparison, abstraction, generalization, modeling. Empirical method — survey: questionnaire survey. The key contribution of this study (to limit the usual delays and cost overruns in the space industry) is to establish specific characteristics and methods that can serve as a reference practice and basis for the future development of a tool that will assist in the evaluation of space development projects.

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Pramudhita, Karunia Burhan, and Sugeng Santoso. "ANALYSIS OF FUEL OIL SUPPLY CHAIN RISK MANAGEMENT AT JATINEGARA LOCOMOTIVE DEPO." Jurnal Rekayasa Mesin 13, no. 1 (June 22, 2022): 141–51. http://dx.doi.org/10.21776/ub.jrm.2022.013.01.15.

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PT. Kereta Api Indonesia (Persero) or PT. KAI is one of the State-Owned Enterprises which is engaged in inland transportation, namely trains. In the process of providing transportation services, PT. KAI requires a continuous supply of fuel oil. In the operation of the fuel supply chain, PT. KAI has potential risks such as losses and several other risks that can harm the company. From these problems, this research tries to conduct a risk analysis by applying the ISO 31000 risk management framework to determine the effectiveness of PT. KAI in managing fuel supply chain risks. The distribution of subsidized fuel has been implemented before 2012 by PT KAI is the loco scheme, where a high level of potential risk is found outside the risk tolerance limit so that PT. KAI responds to this problem with risk transfer. Where is PT. KAI tries to take risks by using third-party services to provide and manage fuel for train operations' consumption needs.

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Riley, Robert W., Nelson B. Powell, Christian Guilleminault, Rafael Pelayo, Robert J. Troell, and Kasey K. Li. "Obstructive Sleep Apnea Surgery: Risk Management and Complications." Otolaryngology–Head and Neck Surgery 117, no. 6 (December 1997): 648–52. http://dx.doi.org/10.1016/s0194-59989770047-0.

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BACKGROUND: Hypoxemia, hypertension, airway obstruction, and death have been associated with surgery for obstructive sleep apnea syndrome (OSAS). Patient analysis was undertaken to identify potential factors that could affect risk-management outcome. METHODS: One hundred eighty-two consecutively treated patients with OSAS undergoing 210 procedures were evaluated. Fifty-four factors were analyzed. RESULTS: Group characteristics included a mean age of 48.2 years, a mean respiratory disturbance index of 42.3, and a mean low oxyhemoglobin desaturation (LSAT) of 77.5%. Surgery included a combination of uvulopalatopharyngoplasty (162 patients; 77%) and maxillofacial procedures (173 patients; 82%). Patients with a respiratory disturbance index greater than 40 and an LSAT less than 80% (117 patients; 64%) were maintained on nasal continuous positive airway pressure. Thirty-nine patients (18.6% had difficult intubations. There was a positive correlation ( p > 0.001) of difficult intubations, neck circumference (>45.6 cm) and skeletal deficiency (Sella-Nasion-Point B < 75 degrees). All tubes were removed with the patient awake in the operating room with two transient episodes of airway obstruction. One hundred forty-eight of the patients (70.5%) required postoperative intravenous antihypertensive medications. Patients with a preoperative history of hypertension had a significantly increased risk ( p > 0.01) of requiring intraoperative and postoperative intravenous antihypertensive medications. The mean hospital stay was 2.2 days (SD ± 0.9). Analgesia was achieved with intravenous morphine sulfate or meperidine HCI (intensive care unit) and oral oxycodone (non-intensive care unit). There were no significant oxyhemoglobin desaturations, irrespective of severity of OSAS or obesity (mean LSAT day 1, 94.8% (SD ± 2.4); mean LSAT day 2, 95.5% (SD ± 1.6)). Complications Included postoperative bleeding ( n = 4), infection ( n = 5), seroma ( n = 3), arrhythmia ( n = 4), angina ( n = 1), and loss of skeletal fixation ( n = 1). CONCLUSION: Intraoperative airway risks can be reduced by use of fiberoptic intubation in patients with increased neck circumference and skeletal deficiency. Patients with OSAS are at a significantly increased risk for hypertension. Nasal continuous positive airway pressure eliminated the postoperative risk of hypoxemia, which allowed the use of adequate parenteral or oral analgesics.

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Zhao, Donghui. "ESG Risk Management and Compliance Practices in China." Law and Economy 1, no. 4 (November 2022): 27–32. http://dx.doi.org/10.56397/le.2022.11.04.

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In 2004, the United Nations released the “Who Cares Wins” report, in which the concept of Environment, Social Responsibility, Corporate Governance (ESG) was first introduced as an evaluation criterion and important reference for investment decisions and corporate the concept of ESG was first introduced in the report, and was used as an evaluation criterion and important reference for investment decisions, business operations and other activities. ESG, as a new concept to prevent social and environmental risks and promote sustainable development, is driving the continuous change of investment philosophy and investment approach in China’s capital market, and has become an issue that cannot be ignored by enterprises. At the same time, ESG compliance has also become an important special compliance area, putting forward new requirements for corporate compliance management.

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KRAHMANN, ELKE. "Beck and beyond: selling security in the world risk society." Review of International Studies 37, no. 1 (May 21, 2010): 349–72. http://dx.doi.org/10.1017/s0260210510000264.

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AbstractExpanding on the works of Beck and others on the growing business of risk, this article examines the role of the private security industry in the creation, management and perpetuation of the world risk society. It observes that the replacement of the concept of security with risk over the past decades has permitted private firms to identify a growing range of unknown and unknown-unknown dangers which cannot be eliminated, but require permanent risk management. Using the discourse of risk and its strategies of commercialised, individualised and reactive risk management, the private risk industry thus has contributed to the rise of a world risk society in which the demand for security can never be satisfied and guarantees continuous profits.

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Tamar Dudauri, Tamar Dudauri. "Peculiarities of Integrated Risk Management." Economics 105, no. 6-8 (July 19, 2022): 112–23. http://dx.doi.org/10.36962/ecs/105/6-8/2022-112.

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In the conditions of the modern world economic crisis, the integrated approach to risk management in business structures is of great importance. The main elements and advantages of an integrated risk management system are defined. The importance of transition to integrated risk management in Georgian companies as a necessary condition for their stable and effective development, as well as the proposed approach facilitates the implementation of risk-oriented management principles and allows assessing the impact of risk on achieving the company's strategic goals. In the conditions of globalization of the world economy and intensification of competitive struggle, the process of risk management has become an integral part of the activities of any company, which ensures the existence of this or that business. The classic model of business management, which is part of corporate governance, is losing relevance day by day. Risks arise at every stage of the value chain and in every business process of the company. In order for the system to be consistent with achieving the goals set for the company, it must be integrated into its business processes and taken into account at all levels of decision making. Overcoming the emerging negative trends in recent years makes the problem of developing an integrated approach to risk management urgent and requires further scientific research to substantiate its implementation models. Despite the importance of the risk management problem, Georgian entrepreneurs have not yet fully grasped and assessed the inevitability of risks and the importance of recording them in the process of concluding contracts, making plans and forecasts. We conducted a small-scale survey to find out to what extent Georgian companies use risk assessment and analysis. The analysis of our research showed that only 52% of small and medium-sized companies surveyed in Georgia believe that risk management is necessary for effective business management, 79% of risk analysis is not performed at all, only 21% of surveyed companies (including all medium-sized companies) in some cases perform some risk analysis episodically, so in small and medium-sized companies in Georgia there is a clear lack of risk management, which is most important, lack of qualified staff in this specialty. The practice of recent years has shown the low efficiency of both the management system as a whole and risk management, the main reason for which lies in the rather weak integration of the latter in the overall management system. Insufficient attention to risk analysis leads to a reduction in the quality of strategic and operational management, losses of the company's potential, deterioration of the results of its activities. Integrated risk management development is a lengthy process that involves continuous staff training and development, as well as a thoughtful policy of disclosing information about risks to the company and the measures taken to reduce and control them. Thus, the uncertainty of the surrounding world, the unstable economic situation in Georgia and in the world leads to an increase in the level of risks in all areas of human activity. Integrated risk management - this is a real necessity of the business and an indispensable factor of success. Such an approach makes risk management more effective and allows the required level of safety to be achieved, risk control to be more fully managed and a complex picture of the real situation to be obtained. Key Words: Risk, Risk Management, Integrated Risk Management, Integrated Approach.

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Lambert, Marie-Christine, Denise Vijt, Rita De Smet, Norbert Lameire, and Pascale Bernaert. "Cardiovascular Risk Factors and Their Management in Patients on Continuous Ambulatory Peritoneal Dialysis." Peritoneal Dialysis International: Journal of the International Society for Peritoneal Dialysis 16, no. 1_suppl (January 1996): 492–94. http://dx.doi.org/10.1177/089686089601601s99.

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Khulkhachieva, Galina, Lag Badmahalgaev, and Natalya Berikova. "Development of methodological approaches to risk management within the system of internal control of agricultural organizations." BIO Web of Conferences 43 (2022): 03006. http://dx.doi.org/10.1051/bioconf/20224303006.

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In order to form methodological approaches to risk management of agricultural organizations, the article considers the grouping of risks according to various criteria, which allows them to predict them in a timely manner and minimize possible damage. A model of risk-oriented internal control is offered, the main purpose of which is to correctly identify risk factors that affect the production and financial results of an agricultural organization. Timely identification and assessment of potential risks will reduce losses caused by the impact of negative natural and climatic risk factors, and ensure the further stable functioning of agricultural production. The developed model of risk-oriented internal control will help to identify existing problems in the organization in risk management to ensure the efficient and continuous operation of an agricultural organization.

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Elmaallam, Mina, Hicham Bensaid, and Abdelaziz Kriouile. "A Maturity Model for Assessing IS Risk Management Activity Considering the Dependencies Between Its Elements." Computer and Information Science 12, no. 1 (January 27, 2019): 98. http://dx.doi.org/10.5539/cis.v12n1p98.

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The information systems (IS) are a key asset for organizations. Therefore, managing IS risks becomes more and more important especially within a world in perpetual change. Since IS risk management creates added-value, it must follow a process of continuous improvement orchestrated by a maturity model that figures out available pathways for a better improvement. The studied literature shows the lack of an IS risk management maturity model that considers all IS components and specificities of risk management activity. The present article shows first this lack in the section related to the comparative analysis of the existing models. Then, it proposes a maturity model to address this issue. The proposed model aims to assess the information system risk management activity while considering the dependencies between its elements.

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Zyngier, Suzanne, and Frada Burstein. "Knowledge Management Governance: The Road to Continuous Benefits Realization." Journal of Information Technology 27, no. 2 (June 2012): 140–55. http://dx.doi.org/10.1057/jit.2011.31.

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Investment in knowledge management (KM) programmes is often contentious due to the challenge of meeting the need for continuous and sustainable benefits realization. In KM, the word ‘sustainable’ describes how programmes of strategies to leverage organizational knowledge remain productive over time: that they deliver strategic value to the organization. The focus of this paper falls on the constructs of the governance of KM and on its leadership, in KM strategy devopment and implementation, including risk management, financial controls and transparent evaluation mechanisms for continuous benefits realization. This paper presents a KM governance model and explores its recent validation through six case studies of large, distributed, multinational organizations, and through these introduces the granular constructs of KM governance. Exploration of the impact of KM governance on developing and implementing KM programmes in each case study organization demonstrates that there is a clear nexus between strategic KM governance and benefits realized from those programmes.

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Wong, Tak-Yuen. "Dynamic Agency and Endogenous Risk-Taking." Management Science 65, no. 9 (September 2019): 4032–48. http://dx.doi.org/10.1287/mnsc.2017.3009.

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I study a continuous-time principal–agent model in which a multitasking agent engages in unobserved risk-taking. Risk-taking creates short-term profits but also increases the chance of large losses. The optimal contract incentivizes excessive risk-taking when the agent has insufficient skin in the game. Moreover, if the low effort is not too value-destroying and the private benefit of shirking is low enough, the principal can eliminate risk-taking by implementing the low effort. However, with variable project scale, addressing the risk-taking incentives by downsizing projects is not optimal. The implementation of the optimal contract shows that risk management should take agency problems into account. Complete hedging against downside risks provides incentives for the agent to gamble. This paper was accepted by Gustavo Manso, finance.

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Journal articles on the topic 'Continuous risk management'

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