risk assessment Articles
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Risk assessment in the selection of countries for market entry
Assessment of corporate strategic risk is difficult and very complex. Therefore, it is not uncommon that gross assessments are made in lieu of utilising a methodology to define risk and its degree of acceptability, especially when selecting a country for market entry. It is the objective of this paper to present a methodology which incorporates a quantifiable approach to risk assessment. It is ...
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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 ...
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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 ...
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Conflict of Interest Disclosures – Are you ready for risk assessment?
5 Signs that you are ready for COI risk assessment Conflict of interest (COI) disclosure operates on a trust system. New hire orientation training and occasional refresher training sessions bring up the issue and request the submission of disclosure forms with no real sense of how many of the potential COI’s in the company are really being disclosed. The importance of the issue and the ...
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Defining resilience within a risk-informed assessment framework
The concept of resilience is the subject of considerable discussion in academic, business, and governmental circles. It is complex, multidimensional, and defined differently by different stakeholders. The authors contend that there is a benefit in moving from discussing resilience as an abstraction to defining resilience as a measurable characteristic of a system. This paper proposes defining ...
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The role of life-cycle analysis in risk assessment
The relationship between life-cycle analysis and risk assessment is explored on a methodological level, and examples of state-of-the-art studies are presented and discussed, leading to an identification of some areas needing further work.Keywords: energy systems, externalities, full costing, life cycle analysis, LCA, risk ...
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Risk evaluation model for radiation protective countermeasures based on fuzzy entropy weight
On the basis of establishing a risk assessment index system, a model for assessing the risk of radiation protective countermeasures is proposed by introducing a fuzzy mathematics method and entropy weight theory, and the risk order of the radiation protective countermeasures is ranked by their entropy weight coefficients, which solves the decision problem of uncertain and fuzzy indexes in the ...
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Integrated risk assessment and safety management; transportation of dangerous goods
Regional risk assessment aims at identifying risks at regional levels by taking into consideration a large number of technical systems and their potential negative impact on the population and environment. This paper introduces a virtual case study for the risk assessment of transportation of dangerous goods in Switzerland; it solves it by means of Decision Support Systems and Stakeholders ...
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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 ...
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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 ...
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Assessment of the liability risk in the Nordic port
This study was conducted for insurance purposes at the oil refinery of Company X in one of the Nordic countries whose facilities such as depot and terminal lie in the port. The facilities of Company X in the port are surrounded by the facilities of other companies. In case of an accident caused by Company X, the oil tanks and buildings of other companies would be damaged and there would be ...
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Corporate failure risk assessment of Greek companies
In this paper, we investigate the determinants of corporate failure risk for the Greek non-financial companies using public accounts. Our motivation stems from the results of a recent international survey revealing that, during the period 2003?2004, Greece showed the biggest in terms of percentage, increase in corporate insolvencies among all the European countries. By exploiting a recent ...
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Risk assessment methodology for interdependent critical infrastructures
Assessing risk in interdependent infrastructures is a challenging topic due to its complexity and the nature of critical infrastructures. This paper describes a methodology for assessing the risk of an infrastructure or a sector, taking into account the presence of interdependencies between infrastructures and sectors. Although the proposed methodology is compatible with current information ...
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Incorporation of the Multiple Barrier Approach in drinking water risk assessment tools
A number of existing risk assessment tools make reference to, or incorporate, a Multiple Barrier Approach to drinking water safety. Three waterborne disease outbreaks that occurred in developed nations were used as case studies to test a selected set of risk assessment tools. The outbreaks were used to determine how well the risk assessment tools identify hazards and vulnerabilities associated ...
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The epistemological and ethical basis of risk assessment in advanced technological systems: the lesson of the Challenger
This paper is devoted to showing that a safety priority should be accorded the highest priority in decision-making and that such a prioritisation is an ethical responsibility. The connection between a safety-first priority and ethics is that an ultimate concern for safety is an integral feature of respect for human life. This paper exposes the illogic behind the misleading phrase "risky ...
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Moment inequality and complete convergence of moving average processes under asymptotically linear negative quadrant dependence assumptions
Let {Y, Yi, -¥ < i < ¥} be a doubly infinite sequence of identically distributed and asymptotically linear negative quadrant dependence random variables, {ai, - ¥ < i < ¥} an absolutely summable sequence of real numbers. We are inspired by Wang et al. (Econometric Theory 18:119–139, 2002) and Salvadori (Stoch Environ Res Risk Assess 17:116–140, 2003). And Salvadori (Stoch Environ Res ...
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Development of robbery risk analysis tools: using the Australian and New Zealand Standard
The principles of risk analysis are widely understood, but delivering reliable and consistent assessments of security related risks can prove difficult. This paper presents a case study of the development and use of a risk assessment tool that facilitates analysis of a range of variables, and delivers a qualitative description of the risk of harm to staff arising from robbery at any given cash ...
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Maintenance strategy for trunk mains: development and implementation of a high spatial resolution risk-based approach
This paper describes an enhanced concept for determining the right time and place for maintenance works (in this case rehabilitation and renewal), within the scope of a risk-based maintenance strategy for trunk mains, including a technical and economic risk assessment. The risks considered include damage caused by pipe failure (main burst) like revenue loss, third party property damage as well ...
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