risk assessment Articles

  • Risk Assessment

    Risk assessment is a step in a risk management procedure.  Risk assessment is the determination of Quantitative or Qualitative value of risk related to a concrete situation and a recognized threat (also called hazard). Quantitative risk assessment requires calculations of two components of risk: R, the magnitude of the potential loss L, and the probability p, that the loss will occur. ...


    By IWA Publishing

  • Better safe than sorry: experiences of large US corporations in their global operation

    Data were collected on selected US corporations' perceptions of present and future political risk, political risk assessment variables, and assessment methods. The mean importance score of the political risk assessment variables and mean usefulness score of political risk assessment methods are presented in this study. Mean scores were also compared between the low and high-international ...


    By Inderscience Publishers

  • International management and risk assessment

    This article presents the US experience from periodical business failures and collapses of the financial markets. It could be a lesson for the Central and Eastern European countries on their economies during the post-transition era. International management is one of the strongest aspects of major US corporations, and risk management is their day-to-day concern. It emphasises the importance of ...


    By Inderscience Publishers

  • Introduction. Ethical issues in risk assessment and management: a critical introduction

    This paper provides an extended critical introduction to the special issue on Ethical issues in risk assessment and management.Keywords: ethical issues, risk assessment, risk management, ...


    By Inderscience Publishers

  • Biotechnology and the precautionary principle

    This paper examines the relationships between science and the precautionary principle and their policy and institutional implications for biotechnology. It acknowledges the divergent approaches adopted by different regions of the world in managing the risks associated with biotechnology. The paper notes that the divergent views about the application of the precautionary principle to risk ...


    By Inderscience Publishers

  • Analysis and risk assessment resources planning project introducing information system

    Management, distribution and control of resources in the realisation of projects of information systems are crucial to the success of the projects themselves. The paper presents a different process analysis and risk assessment planning resources on projects of implementing information system solutions through the understanding of the effects of deadlines, costs and quality. Starting from the ...


    By Inderscience Publishers

  • Risk analysis of Transmissible Spongiform Encephalopathies in animals: state-of-the-art

    The Bovine Spongiform Encephalopathy (BSE) crisis of the last two decades has shown that proper interaction of risk assessment, risk management and risk communication is essential. Mathematical models and risk assessments have been used as a basis for BSE risk management options and much of the legislation regarding the control and eradication of BSE. Much uncertainty regarding important input ...


    By Inderscience Publishers

  • Credibility in risk assessment: a normative approach

    The methodology of risk assessment has been heavily criticised for a number of years, but its importance as a normative practice is, if anything, increasing in a society that is sceptical of special interests and expert bodies. This implies that it is becoming increasingly important to be normative about how risk assessment is conducted. The purpose of this paper is to describe a study aimed at ...


    By Inderscience Publishers

  • A test of the relationship between self-classified financial risk-tolerance and investment risk-taking behaviour

    The purpose of this study was to determine how accurately individuals judge their own level of financial risk-tolerance and whether self-assessed financial risk-tolerance is associated with investment risk-taking behaviours. Using a sample of internet risk-assessment survey respondents (n = 1,740), it was concluded that individuals do a fair job of assessing their own level of financial ...


    By Inderscience Publishers

  • The European Union Risk Assessment on Zinc and Zinc Compounds: The Process and the Facts

    A risk assessment on zinc and zinc compounds was carried out within the framework of Council Regulation 793/93/EEC on Existing Chemicals. This risk assessment basically followed the European Union (EU) technical guidance documents (TGDs). These TGDs are built on the current knowledge on quantitative risk assessments, mainly for organic chemicals. This article describes the tailor-made approach ...

  • Risk assessment in mining industry

    Mining is a hazardous operation and it involves considerable safety and health risk to the miners. Unsafe conditions in the surface and underground mines lead to a number of accidents/disasters, injury and loss to human lives. However, the hazards cannot be completely obliterated and thus there is need to define and reckon with an accident risk level possible to be presented in either ...


    By Inderscience Publishers

  • The development of a strategic risk analysis framework for interconnected surface transportation systems

    Transportation networks are centre to the daily lives of millions of citizens around the world. By design, they are open and freely accessible systems that may be exploited for malicious purposes. Transportation networks, especially in dense urban environments, are integral part of larger synergistic systems forming a network of networks. The present paper introduces a strategic risk assessment ...


    By Inderscience Publishers

  • Bow Tie - An elegant solution

    Risk assessment lies at the heart of the joint IRM, AIRMIC and ALARM risk management standard. And one of the most powerful and increasingly popular risk assessment techniques is the ‘bow-tie’ method, so called because it describes themanagement of risk in the shape of a bow-tie. This method goes beyond the usual risk assessment snapshot and puts emphasis on the linkage between risk controls and ...


    By Risktec Solutions

  • On the boundaries of probabilistic risk assessment in the face of uncertainties, a case of piracy and armed robberies against ships in the Gulf of Aden

    It is a common conception among many researchers and analysts, in particular social scientists, that using probabilistic risk assessment (PRA) when there are large uncertainties about likelihoods and outcomes is irrational, unscientific and potentially misleading. In this paper, we look more closely into this issue: the boundaries of PRAs when there are large uncertainties about the phenomena and ...


    By Inderscience Publishers

  • Designing a model for know-how commercialisation with risk assessment in R&D centres

    Nowadays, developing and commercialising know-how in oil, gas and petrochemical are vital. Hence it is necessary to investigate different ways of commercialising in the development process. Because of inherent risk at each stage of different ways of commercialisation, it is necessary to carry out risk assessment for all stages. Risk assessment at different stages of know-how commercialisation ...


    By Inderscience Publishers

  • Fire risk assessment in buildings using fire protection software

    In this investigation, we developed a methodology for inclusion of fire protection and used a methodological approach for fire risk assessment. Present practice of fire risk assessment and prevention measures in the Republic of Serbia is not systematic. To develop a methodological approach of fire risk assessment, a modified matrix for fire risk factors was set up that combines the implementation ...


    By Inderscience Publishers

  • Analogical gates - a network approach to multi-criteria aggregation with application in risk assessment

    Analogical gates are developed to implement four-quadrant fuzzy-generalisation of Boolean logical gates. They provide an alternative to the traditional rule-based realisation of fuzzy inference. Therefore, analogical gates can be used in a wide range of applications especially for multi-criteria aggregation. In this paper, the basic properties of the analogical gates are reviewed, their ...


    By Inderscience Publishers

  • Editorial: Dealing with technical risks in a region

    The ETH Polyproject on 'Risk and Safety of Technical Systems' took the initiative to research various aspects related to regional risk assessment and safety management. This Editorial asks, What is integrated area risk assessment and safety management? It briefly considers how to define a region and the objectives and scope for an integrated regional risk assessment and safety management (IRRASM) ...


    By Inderscience Publishers

  • A new scientific framework for quantitative risk assessments

    Many analysts consider Quantitative Risk Assessment (QRA) to be an application of statistics and founded on the natural science paradigm. However, if the goal is the accurate estimation of some true underlying risk parameters, QRA fails as a scientific method. The alternative is to consider QRA to be a method for describing uncertainties. The purpose of this paper is to present and discuss a new ...


    By Inderscience Publishers

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