Risk Management System Articles on Environmental XPRT

Models for risk management of systems of systems

This paper addresses the need for developing a body of prescriptive theory and methodology for modelling Systems of Systems (SoS). This will enable analysts to appropriately model and understand the SoS evolving behaviour due to the continued forced changes imposed on them. To place this need in historical perspective, the evolution of the field of systems engineering/analysis is briefly ...

May 6, 2008

By Inderscience Publishers

Safety vs. Environment Protection: Study Discovers Increasing Salt Levels in Lakes

A recent study published by the US-American National Academy of Sciences revealed an increasing salt amount in form of chloride in rural and urban freshwater lakes around the American continent. The scientists believe, that mainly road salt distributed on icy roadways is to blame. Increasing salt levels threaten eco systems Road de-icing salt is blamed for rising salt levels in ...

Jun. 29, 2017

By G. Lufft Mess- und Regeltechnik GmbH

Risk management of complex critical systems

It is crucial to examine the changing panorama of vulnerabilities and criticalities in our increasingly interconnected world. Understanding the meaning of complexity and its implications allows us to see the interconnectedness of the world for enhanced risk management in technical and social systems. In this respect, a framework to assess complex systems is necessary to understand vulnerabilities ...

Feb. 7, 2005

By Inderscience Publishers

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 ...

Oct. 14, 2013

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 ...

May 9, 2006

By Inderscience Publishers

Systemic project risk management - the way ahead

Project Risk Management (PRM) has become recognised as an important part of project planning and management. This paper briefly outlines the current state of PRM in design and development projects The development of PRM tools based upon project decompositions has brought significant benefits. For modern highly complex projects, however, this has proved to have significant flaws, particularly ...

Feb. 10, 2004

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 ...

Jan. 1, 2017

By IWA Publishing

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 ...

Sep. 11, 2007

By ABS Consulting

Modelling and Managing Flood Risk and Flooding

The UK’s prestigious Royal Society recently held a discussion group on the subject of Flood Management and Climate Change. With much of the Northern Hemisphere approaching the winter flooding season, we spoke to Wallingford Software’s David Fortune to find out the role of modelling in flood forecasting and flood management. He set out his ideas as follows: We must remember first that, while we ...

Jan. 1, 2002

By Innovyze

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 ...

Jul. 8, 2011

By Safetec Compliance Systems Inc.

Multivariate methods in enterprise system implementation, risk management and change management

This work is a first step towards the application of multivariate methods in risk management and change management in Enterprise System Implementation (ESI). ESI is characterised by concentrated efforts to integrate an IT system. Such projects typically experience unplanned problems and events, which may lead to major restructuring of the process. In this work, we rely on ESI theory developed by ...

Jul. 30, 2008

By Inderscience Publishers

A risk management framework for the regulation of nanomaterials

Nanotechnology promises a plethora of benefits to society. Early research has established that some types of nanomaterials may be highly toxic to living systems, while others are seemingly inert. Nanotoxicology is a new field that has become the focus for risk assessment and management of nanomaterials. To address the potential risks either current chemical and particulate material regulations ...

Jan. 10, 2008

By Inderscience Publishers

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. ...

Jan. 1, 2000

By Danfoss Drives - Water & Wastewater

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 ...

Nov. 15, 2007

By Lexicon Systems, LLC

Are our Water Systems at Risk?

Assessing the Financial Sustainability of BC’s Municipal Water and Sewer Systems Reliable water, sewer, and storm water systems are essential to public health, a clean environment, and a strong economy. But British Columbia’s systems may be at risk – aging infrastructure, growth, strengthened regulations, seismic risk, and climate change are driving the need for ...

Feb. 1, 2015

By British Columbia Water & Waste Association (BCWWA)

Fire and Gas Protection Systems as Part of Safety Instrumented Systems and Risk Management

Garth Watkins, Director Europe, Middle East, Africa, Detector Electronics Corporation, Presented at HazardEx International Conference 2008 Process-systems operators today face increasing demands for lower costs and higher safety standards in an increasingly regulated environment. In addition, companies desire to provide a working environment that is as safe as possible. As a result, plant owners ...

Jul. 16, 2010

By Det-Tronics - Detector Electronics Corporation

Performance evaluation and risk management for industrial systems by using fuzzy controller

In this work, we present a synthesis methodology of a multivariable fuzzy controller for the control of a multi-motor system (MMS) that can be intended for winding and unwinding controlled transport processes. The simulation results show that the integration of the fuzzy multivariable controller brought good performances compared to the multivariable PI-structure controller, and a clear ...

Aug. 24, 2010

By Inderscience Publishers

Technologies of logic and probabilistic management of risk of social and economic systems

We propose the risk of logic and probabilistic management technologies of social and economic systems for informational and analytical support of leaders and of managers to make decisions. We describe components of risk management technologies. We give an example of risk logic and probabilistic (LP) model of successful development of Russia. We state methods of quantitative LP–analysis and ...

Jun. 17, 2014

By Inderscience Publishers

Proactive logistics risk management – a system dynamics modelling approach

The relationships among organisations, suppliers as well as customers have resulted in complex logistics networks and have led to an increased set of risks that need to be managed in multi-site, multi-partner projects. In this article, a framework is built which incorporates both scientific and industrial feedback gathered. A system dynamics approach is utilised which simulates several risks ...

Nov. 21, 2008

By Inderscience Publishers

Corporate responsibility and systems thinking – tools for balanced risk management

Corporate responsibility amounts to taking into consideration conditions and effects that are systematically linked to corporate action. Systems thinking and its variants offer tools for understanding and managing the multitudes of conditions and effects that constitute corporate responsibility. We look first at the general tools of systems thinking, and then at a case of Finnish forest industry, ...

Jan. 16, 2009

By Inderscience Publishers

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