risk management Articles

  • Managing risk of liquidity: a new dimension of risk management

    Prudent liquidity risk management is a critical component of contemporary complex financial risk management. In the aftermath of the world financial crisis that started in 2007 the liquidity risk area received close attention from financial firms and regulators. The article begins with an introduction of the concept of liquidity risk management, a key component of the Basel III framework. The ...


    By Inderscience Publishers

  • Risk management versus incentives

    Portfolio theory indicates that risk management should take place at the group level. Hedging at the project level or in the individual business areas may lead to suboptimal results. However, the efficiency of a profit centre depends on its management's being able to influence factors that are crucial to the unit's financial results. Price hedging could be one such factor. In the wider ...


    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

  • Homeland Security: Managing the Risks

    Untitled Document Following the terrorist attacks on the World Trade Center in New York City on September 11, 2001, the U.S. ...

  • Supply chain risk management

    The existing models utilise a mean value approach with deterministic failure cost to determine the optimal number of suppliers in the presence of supplier failure risks. The mean value approach assumes, the firm has a linear utility function with respect to the supply disruptions. For major disruptions that could threaten the survival of the firm, the linearity assumption is questionable. ...


    By Inderscience Publishers

  • Foundations of integrated risk management

    This paper concentrates on broadening the concept of risk management beyond the considerations of cost, schedule and performance. The author uses his experience with NASA to provide both a foundation for an integrated risk management plan and a tentative plan. The plan integrates risk across both the temporal and the hierarchical dimensions.Keywords: integrated risk management, project ...


    By Inderscience Publishers

  • Risk management and organised crime

    As travel becomes more and more accessible for individuals, the potential for risk at destination will develop. As a potential way forward the education of stakeholders in the form of travellers offers policy makers a potential window to limit risk and enhance safety whilst engaging in travel. As a potential force for good, the actions of the mobile tourist could be harnessed and used as a ...


    By Inderscience Publishers

  • The ROI of Vendor Risk Management

    Michelle Middendorf, workers’ compensation manager at Stanley Steemer, shares how reining in their vendor management process led to dramatic improvements and ultimately allowed the company to expand their commercial revenue with more value-added services. When Stanley Steemer set out to automate the more basic process of managing certificates of insurance for ...


    By Riskonnect Inc

  • Risk Management: Sustainably Managing a Common Resource

    Introduction Danfoss is a global manufacturer of hermetic compressors, pumps, valves, motors and other electrical control units. The company owns a major manufacturing facility located on a small island, Als, in the Baltic Sea. In 1983 the company was routinely withdrawing two million cubic meters of fresh water from the sole aquifer which supplies the entire island, home to 50,000 residents. ...

  • Risk and risk management in agriculture: an overview and empirical results

    The paper gives an overview of sources of risk and risk management strategies in agriculture. As risk is an inescapable fact of life, in particular in agriculture, farmers must try to manage risk effectively. Risk management is an integral part of good management of a farm, being a way to avoid losses and exploit opportunities. Results of a field survey with 731 Dutch livestock farmers are ...


    By Inderscience Publishers

  • Are you taking big risks with your risk management?

    Introduction We like the word ‘professional’ – it gives us a sense of security. We have our accounts prepared by a qualified accountant, we use a lawyer to write a contract, and we go to a doctor for medical advice. So if your business or government agency needed to make a very important, risk-based decision would you make sure that the risk assessment was done by an ...


    By Vose Software

  • Risk-based asset integrity management

    Within the area of management of process plant integrity, there has been a significant shift toward the adoption of risk-focused methods such as reliability centered maintenance (RCM) and risk based inspection (RBI), rather than following traditional preventative maintenance methods and prescriptive inspection intervals. There are various reasons for this trend, but the primary benefit that asset ...


    By ABS Consulting

  • Leveraging Chemical Data to Manage Risk

    Even if chemicals aren’t central to your business, their hazards are likely pervasive across your supply chain. In fact, chemicals are one of the primary drivers of environmental, health and safety risk in virtually every organization. Both EPA and OSHA provide regulatory guidance based on the types and quantities of chemicals present at your facility. The Department of Transportation and ...

  • Risk management in information technology projects

    There are several studies on managing risks in information technology (IT) projects. Most of the studies identify and prioritise risks through empirical research in order to suggest mitigating measures. Although they are important to clients for future projects, these studies fail to provide any framework for risk management from IT developers' perspective. Although a few studies introduced a ...


    By Inderscience Publishers

  • Managing uncertainty in health risk assessment

    The process of risk (safety) assessment used to determine negligible-risk levels of human exposure to toxicants is subject to a number of sources of uncertainty. In addition to the common uncertainties related to high-to-low-dose extrapolation, interspecies extrapolation and intraspecies extrapolation, there can be uncertainty associated with extrapolation to alternative routes and durations of ...


    By Inderscience Publishers

  • An Australian innovation in emergency risk management

    A 1997/98 risk management study in flood-prone areas of central western Queensland was the first practical application of national emergency risk management guidelines based on the Australian/New Zealand risk management standard [1]. The paper reports on the study, its outcomes and its implications for future comprehensive and integrated emergency risk management programmes.Keywords: Australia, ...


    By Inderscience Publishers

  • Risk management for water supply pipes

    In this paper, the risk of water supply systems as a combination of hydraulic analyses (consequence) and failure probability of pipelines based on the actual condition is discussed. On the one hand, a stepwise closing of pipelines calculates the influence on customer's supply which represents the importance of a pipe. On the other hand, based on existing failure statistics, age and material ...


    By IWA Publishing

  • A desirable future for technology risk management

    This paper outlines a scenario for the future of Technology Risk Management which the author suggests is internally consistent, linked to current practice, achievable, and desirable. It is a personal view which reflects the concerns and goals of the author. It is offered as a basis for discussion with others of the goals we might seek jointly to facilitate effective progress.Keywords: risk ...


    By Inderscience Publishers

  • Natural disaster and financial risk management

    This paper explores and discusses the financial issues faced by firms in a natural disaster. It introduces the disaster risk environment and the factors that affect the operations of a firm. The implications of a natural disaster in terms of unsystematic and systematic risks, investment evaluation, strategic investment, and risk and compliance are addressed. It provides a framework to analyse the ...


    By Inderscience Publishers

  • Enterprise risk management, the new imperative

    Enterprise Risk Management (ERM) is a new, strategic imperative that is gaining momentum. Leaner operating models and global sourcing have made companies stand up and take notice: managing risk is important! And Health, Safety and Environment (HSE) risk is no exception. According to AMR Research, nearly half of surveyed companies plan to increase spending on Operational Risk Management ...


    By Lexicon Systems, LLC

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