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Earthquake Culture: A Significant Element in Earthquake Disaster Risk Assessment and Earthquake Disaster Risk Management
Ibrion, Mihaela
This book chapter brings to attention the dramatic impact of large earthquake disasters on local communities and society and highlights the necessity of building and enhancing the earthquake culture. Iran was considered as a research case study and fifteen large earthquake disasters in Iran were investigated and analyzed over more than a century-time period. It was found that the earthquake culture in Iran was and is still conditioned by many factors or parameters which are not integrated and...
Bayesian probabilistic network approach for managing earthquake risks of cities
DEFF Research Database (Denmark)
Bayraktarli, Yahya; Faber, Michael
This paper considers the application of Bayesian probabilistic networks (BPNs) to large-scale risk based decision making in regard to earthquake risks. A recently developed risk management framework is outlined which utilises Bayesian probabilistic modelling, generic indicator based risk models...... and a fourth module on the consequences of an earthquake. Each of these modules is integrated into a BPN. Special attention is given to aggregated risk, i.e. the risk contribution from assets at multiple locations in a city subjected to the same earthquake. The application of the methodology is illustrated...... on an example considering a portfolio of reinforced concrete structures in a city located close to the western part of the North Anatolian Fault in Turkey....
Global building inventory for earthquake loss estimation and risk management
Jaiswal, Kishor; Wald, David; Porter, Keith
We develop a global database of building inventories using taxonomy of global building types for use in near-real-time post-earthquake loss estimation and pre-earthquake risk analysis, for the U.S. Geological Survey's Prompt Assessment of Global Earthquakes for Response (PAGER) program. The database is available for public use, subject to peer review, scrutiny, and open enhancement. On a country-by-country level, it contains estimates of the distribution of building types categorized by material, lateral force resisting system, and occupancy type (residential or nonresidential, urban or rural). The database draws on and harmonizes numerous sources: (1) UN statistics, (2) UN Habitat's demographic and health survey (DHS) database, (3) national housing censuses, (4) the World Housing Encyclopedia and (5) other literature.
Engineering aspects of earthquake risk mitigation: Lessons from management of recent earthquakes, and consequential mudflows and landslides
International Nuclear Information System (INIS)
The Proceedings contain 30 selected presentations given at the Second and Third UNDRO/USSR Training Seminars: Engineering Aspects of Earthquake Risk Assessment and Mitigation of Losses, held in Dushanbe, October 1988; and Lessons from Management of Recent Earthquakes, and Consequential Mudflows and Landslides, held in Moscow, October 1989. The annexes to the document provide information on the participants, the work programme and the resolution adopted at each of the seminars. Refs, figs and tabs
Web-Based Real Time Earthquake Forecasting and Personal Risk Management
Rundle, J. B.; Holliday, J. R.; Graves, W. R.; Turcotte, D. L.; Donnellan, A.
Earthquake forecasts have been computed by a variety of countries and economies world-wide for over two decades. For the most part, forecasts have been computed for insurance, reinsurance and underwriters of catastrophe bonds. One example is the Working Group on California Earthquake Probabilities that has been responsible for the official California earthquake forecast since 1988. However, in a time of increasingly severe global financial constraints, we are now moving inexorably towards personal risk management, wherein mitigating risk is becoming the responsibility of individual members of the public. Under these circumstances, open access to a variety of web-based tools, utilities and information is a necessity. Here we describe a web-based system that has been operational since 2009 at www.openhazards.com and www.quakesim.org. Models for earthquake physics and forecasting require input data, along with model parameters. The models we consider are the Natural Time Weibull (NTW) model for regional earthquake forecasting, together with models for activation and quiescence. These models use small earthquakes ('seismicity-based models") to forecast the occurrence of large earthquakes, either through varying rates of small earthquake activity, or via an accumulation of this activity over time. These approaches use data-mining algorithms combined with the ANSS earthquake catalog. The basic idea is to compute large earthquake probabilities using the number of small earthquakes that have occurred in a region since the last large earthquake. Each of these approaches has computational challenges associated with computing forecast information in real time. Using 25 years of data from the ANSS California-Nevada catalog of earthquakes, we show that real-time forecasting is possible at a grid scale of 0.1o. We have analyzed the performance of these models using Reliability/Attributes and standard Receiver Operating Characteristic (ROC) tests. We show how the Reliability and
Update earthquake risk assessment in Cairo, Egypt
Badawy, Ahmed; Korrat, Ibrahim; El-Hadidy, Mahmoud; Gaber, Hanan
The Cairo earthquake (12 October 1992; m b = 5.8) is still and after 25 years one of the most painful events and is dug into the Egyptians memory. This is not due to the strength of the earthquake but due to the accompanied losses and damages (561 dead; 10,000 injured and 3000 families lost their homes). Nowadays, the most frequent and important question that should rise is "what if this earthquake is repeated today." In this study, we simulate the same size earthquake (12 October 1992) ground motion shaking and the consequent social-economic impacts in terms of losses and damages. Seismic hazard, earthquake catalogs, soil types, demographics, and building inventories were integrated into HAZUS-MH to produce a sound earthquake risk assessment for Cairo including economic and social losses. Generally, the earthquake risk assessment clearly indicates that "the losses and damages may be increased twice or three times" in Cairo compared to the 1992 earthquake. The earthquake risk profile reveals that five districts (Al-Sahel, El Basateen, Dar El-Salam, Gharb, and Madinat Nasr sharq) lie in high seismic risks, and three districts (Manshiyat Naser, El-Waily, and Wassat (center)) are in low seismic risk level. Moreover, the building damage estimations reflect that Gharb is the highest vulnerable district. The analysis shows that the Cairo urban area faces high risk. Deteriorating buildings and infrastructure make the city particularly vulnerable to earthquake risks. For instance, more than 90 % of the estimated buildings damages are concentrated within the most densely populated (El Basateen, Dar El-Salam, Gharb, and Madinat Nasr Gharb) districts. Moreover, about 75 % of casualties are in the same districts. Actually, an earthquake risk assessment for Cairo represents a crucial application of the HAZUS earthquake loss estimation model for risk management. Finally, for mitigation, risk reduction, and to improve the seismic performance of structures and assure life safety
A global building inventory for earthquake loss estimation and risk management
Jaiswal, K.; Wald, D.; Porter, K.
We develop a global database of building inventories using taxonomy of global building types for use in near-real-time post-earthquake loss estimation and pre-earthquake risk analysis, for the U.S. Geological Survey's Prompt Assessment of Global Earthquakes for Response (PAGER) program. The database is available for public use, subject to peer review, scrutiny, and open enhancement. On a country-by-country level, it contains estimates of the distribution of building types categorized by material, lateral force resisting system, and occupancy type (residential or nonresidential, urban or rural). The database draws on and harmonizes numerous sources: (1) UN statistics, (2) UN Habitat's demographic and health survey (DHS) database, (3) national housing censuses, (4) the World Housing Encyclopedia and (5) other literature. ?? 2010, Earthquake Engineering Research Institute.
Risk Management in Earthquakes, Financial Markets, and the Game of 21: The role of Forecasting, Nowcasting, and Timecasting
Rundle, J. B.
Earthquakes and financial markets share surprising similarities [1]. For example, the well-known VIX index, which by definition is the implied volatility of the Standard and Poors 500 index, behaves in very similar quantitative fashion to time series for earthquake rates. Both display sudden increases at the time of an earthquake or an announcement of the US Federal Reserve Open Market Committee [2], and both decay as an inverse power of time. Both can be regarded as examples of first order phase transitions [1], and display fractal and scaling behavior associated with critical transitions, such as power-law magnitude-frequency relations in the tails of the distributions. Early quantitative investors such as Edward Thorpe and John Kelly invented novel methods to mitigate or manage risk in games of chance such as blackjack, and in markets using hedging techniques that are still in widespread use today. The basic idea is the concept of proportional betting, where the gambler/investor bets a fraction of the bankroll whose size is determined by the "edge" or inside knowledge of the real (and changing) odds. For earthquake systems, the "edge" over nature can only exist in the form of a forecast (probability of a future earthquake); a nowcast (knowledge of the current state of an earthquake fault system); or a timecast (statistical estimate of the waiting time until the next major earthquake). In our terminology, a forecast is a model, while the nowcast and timecast are analysis methods using observed data only (no model). We also focus on defined geographic areas rather than on faults, thereby eliminating the need to consider specific fault data or fault interactions. Data used are online earthquake catalogs, generally since 1980. Forecasts are based on the Weibull (1952) probability law, and only a handful of parameters are needed. These methods allow the development of real time hazard and risk estimation using cloud-based technologies, and permit the application of
Earthquake Risk Management of Underground Lifelines in the Urban Area of Catania
International Nuclear Information System (INIS)
Grasso, S.; Maugeri, M.
Lifelines typically include the following five utility networks: potable water, sewage natural gas, electric power, telecommunication and transportation system. The response of lifeline systems, like gas and water networks, during a strong earthquake, can be conveniently evaluated with the estimated average number of ruptures per km of pipe. These ruptures may be caused either by fault ruptures crossing, or by permanent deformations of the soil mass (landslides, liquefaction), or by transient soil deformations caused by seismic wave propagation. The possible consequences of damaging earthquakes on transportation systems may be the reduction or the interruption of traffic flow, as well as the impact on the emergency response and on the recovery assistance. A critical element in the emergency management is the closure of roads due to fallen obstacles and debris of collapsed buildings.The earthquake-induced damage to buried pipes is expressed in terms of repair rate (RR), defined as the number of repairs divided by the pipe length (km) exposed to a particular level of seismic demand; this number is a function of the pipe material (and joint type), of the pipe diameter and of the ground shaking level, measured in terms of peak horizontal ground velocity (PGV) or permanent ground displacement (PGD). The development of damage algorithms for buried pipelines is primarily based on empirical evidence, tempered with engineering judgment and sometimes by analytical formulations.For the city of Catania, in the present work use has been made of the correlation between RR and peak horizontal ground velocity by American Lifelines Alliance (ALA, 2001), for the verifications of main buried pipelines. The performance of the main buried distribution networks has been evaluated for the Level I earthquake scenario (January 11, 1693 event I = XI, M 7.3) and for the Level II earthquake scenario (February 20, 1818 event I = IX, M 6.2).Seismic damage scenario of main gas pipelines and
Role of the Internet in Anticipating and Mitigating Earthquake Catastrophes, and the Emergence of Personal Risk Management (Invited)
Rundle, J. B.; Holliday, J. R.; Donnellan, A.; Graves, W.; Tiampo, K. F.; Klein, W.
Risks from natural and financial catastrophes are currently managed by a combination of large public and private institutions. Public institutions usually are comprised of government agencies that conduct studies, formulate policies and guidelines, enforce regulations, and make "official" forecasts. Private institutions include insurance and reinsurance companies, and financial service companies that underwrite catastrophe ("cat") bonds, and make private forecasts. Although decisions about allocating resources and developing solutions are made by large institutions, the costs of dealing with catastrophes generally fall for the most part on businesses and the general public. Information on potential risks is generally available to the public for some hazards but not others. For example, in the case of weather, private forecast services are provided by www.weather.com and www.wunderground.com. For earthquakes in California (only), the official forecast is the WGCEP-USGS forecast, but provided in a format that is difficult for the public to use. Other privately made forecasts are currently available, for example by the JPL QuakeSim and Russian groups, but these efforts are limited. As more of the world's population moves increasingly into major seismic zones, new strategies are needed to allow individuals to manage their personal risk from large and damaging earthquakes. Examples include individual mitigation measures such as retrofitting, as well as microinsurance in both developing and developed countries, as well as other financial strategies. We argue that the "long tail" of the internet offers an ideal, and greatly underutilized mechanism to reach out to consumers and to provide them with the information and tools they need to confront and manage seismic hazard and risk on an individual, personalized basis. Information of this type includes not only global hazard forecasts, which are now possible, but also global risk estimation. Additionally
Creating a Global Building Inventory for Earthquake Loss Assessment and Risk Management
Jaiswal, Kishor; Wald, David J.
Earthquakes have claimed approximately 8 million lives over the last 2,000 years (Dunbar, Lockridge and others, 1992) and fatality rates are likely to continue to rise with increased population and urbanizations of global settlements especially in developing countries. More than 75% of earthquake-related human casualties are caused by the collapse of buildings or structures (Coburn and Spence, 2002). It is disheartening to note that large fractions of the world's population still reside in informal, poorly-constructed & non-engineered dwellings which have high susceptibility to collapse during earthquakes. Moreover, with increasing urbanization half of world's population now lives in urban areas (United Nations, 2001), and half of these urban centers are located in earthquake-prone regions (Bilham, 2004). The poor performance of most building stocks during earthquakes remains a primary societal concern. However, despite this dark history and bleaker future trends, there are no comprehensive global building inventories of sufficient quality and coverage to adequately address and characterize future earthquake losses. Such an inventory is vital both for earthquake loss mitigation and for earthquake disaster response purposes. While the latter purpose is the motivation of this work, we hope that the global building inventory database described herein will find widespread use for other mitigation efforts as well. For a real-time earthquake impact alert system, such as U.S. Geological Survey's (USGS) Prompt Assessment of Global Earthquakes for Response (PAGER), (Wald, Earle and others, 2006), we seek to rapidly evaluate potential casualties associated with earthquake ground shaking for any region of the world. The casualty estimation is based primarily on (1) rapid estimation of the ground shaking hazard, (2) aggregating the population exposure within different building types, and (3) estimating the casualties from the collapse of vulnerable buildings. Thus, the
"Shake, Rattle and Roll": risk assessment and management for food safety during two Christchurch earthquakes
Directory of Open Access Journals (Sweden)
Sally Johnston
Full Text Available Problem: Two earthquakes recently struck the Christchurch region. The 2010 earthquake in Canterbury was strong yet sustained less damage than the 2011 earthquake in Christchurch, which although not as strong, was more damaging and resulted in 185 deaths. Both required activation of a food safety response.Context: The food safety response for both earthquakes was focused on reducing the risk of gastroenteritis by limiting the use of contaminated water and food, both in households and food businesses. Additional food safety risks were identified in the 2011 Christchurch earthquake due the use of large-scale catering for rescue workers, volunteers and residents unable to return home.Action: Using a risk assessment framework, the food safety response involved providing water and food safety advice, issuing a boil water notice for the region and initiating water testing on reticulation systems. Food businesses were contacted to ensure the necessary measures were being taken. Additional action during the 2011 Christchurch earthquake response included making contact with food businesses using checklists and principles developed in the first response and having regular contact with those providing catering for large numbers.Outcome: In the 2010 earthquake in Canterbury, several cases of gastroenteritis were reported, although most resulted from person-to-person contact rather than contamination of food. There was a small increase in gastroenteritis cases following the 2011 Christchurch earthquake.Discussion: The food safety response for both earthquakes was successful in meeting the goal of ensuring that foodborne illness did not put additional pressure on hospitals or affect search and rescue efforts.
Urban Policies and Earthquake Risk Mitigation
International Nuclear Information System (INIS)
Sarlo, Antonella
The paper aims at proposing some considerations about some recent experiences of research carried out on the theme of earthquake risk mitigation and combining policies and actions of mitigation with urban development strategies. The objective was to go beyond the classical methodological approach aiming at defining a 'technical' evaluation of the earthquake risk through a procedure which can correlate the three 'components' of danger, exposure and vulnerability. These researches experiment, in terms of methodology and application, with a new category of interpretation and strategy: the so-called Struttura Urbana Minima (Minimum urban structure).Actually, the introduction of the Struttura Urbana Minima establishes a different approach towards the theme of safety in the field of earthquake risk, since it leads to a wider viewpoint, combining the building aspect of the issue with the purely urban one, involving not only town planning, but also social and managerial implications.In this sense the constituent logic of these researches is strengthened by two fundamental issues:- The social awareness of earthquake;- The inclusion of mitigation policies in the ordinary strategies for town and territory management. Three main aspects of the first point, that is of the 'social awareness of earthquake', characterize this issue and demand to be considered within a prevention policy:- The central role of the risk as a social production,- The central role of the local community consent,- The central role of the local community capability to planTherefore, consent, considered not only as acceptance, but above all as participation in the elaboration and implementation of choices, plays a crucial role in the wider issue of prevention policies.As far as the second point is concerned, the inclusion of preventive mitigation policies in ordinary strategies for the town and territory management demands the identification of criteria of choice and priorities of intervention and, as a
Earthquake Hazard and Risk in Alaska
Black Porto, N.; Nyst, M.
Alaska is one of the most seismically active and tectonically diverse regions in the United States. To examine risk, we have updated the seismic hazard model in Alaska. The current RMS Alaska hazard model is based on the 2007 probabilistic seismic hazard maps for Alaska (Wesson et al., 2007; Boyd et al., 2007). The 2015 RMS model will update several key source parameters, including: extending the earthquake catalog, implementing a new set of crustal faults, updating the subduction zone geometry and reoccurrence rate. First, we extend the earthquake catalog to 2013; decluster the catalog, and compute new background rates. We then create a crustal fault model, based on the Alaska 2012 fault and fold database. This new model increased the number of crustal faults from ten in 2007, to 91 faults in the 2015 model. This includes the addition of: the western Denali, Cook Inlet folds near Anchorage, and thrust faults near Fairbanks. Previously the subduction zone was modeled at a uniform depth. In this update, we model the intraslab as a series of deep stepping events. We also use the best available data, such as Slab 1.0, to update the geometry of the subduction zone. The city of Anchorage represents 80% of the risk exposure in Alaska. In the 2007 model, the hazard in Alaska was dominated by the frequent rate of magnitude 7 to 8 events (Gutenberg-Richter distribution), and large magnitude 8+ events had a low reoccurrence rate (Characteristic) and therefore didn't contribute as highly to the overall risk. We will review these reoccurrence rates, and will present the results and impact to Anchorage. We will compare our hazard update to the 2007 USGS hazard map, and discuss the changes and drivers for these changes. Finally, we will examine the impact model changes have on Alaska earthquake risk. Consider risk metrics include average annual loss, an annualized expected loss level used by insurers to determine the costs of earthquake insurance (and premium levels), and the
Earthquake Hazard and Risk in New Zealand
Apel, E. V.; Nyst, M.; Fitzenz, D. D.; Molas, G.
To quantify risk in New Zealand we examine the impact of updating the seismic hazard model. The previous RMS New Zealand hazard model is based on the 2002 probabilistic seismic hazard maps for New Zealand (Stirling et al., 2002). The 2015 RMS model, based on Stirling et al., (2012) will update several key source parameters. These updates include: implementation a new set of crustal faults including multi-segment ruptures, updating the subduction zone geometry and reccurrence rate and implementing new background rates and a robust methodology for modeling background earthquake sources. The number of crustal faults has increased by over 200 from the 2002 model, to the 2012 model which now includes over 500 individual fault sources. This includes the additions of many offshore faults in northern, east-central, and southwest regions. We also use the recent data to update the source geometry of the Hikurangi subduction zone (Wallace, 2009; Williams et al., 2013). We compare hazard changes in our updated model with those from the previous version. Changes between the two maps are discussed as well as the drivers for these changes. We examine the impact the hazard model changes have on New Zealand earthquake risk. Considered risk metrics include average annual loss, an annualized expected loss level used by insurers to determine the costs of earthquake insurance (and premium levels), and the loss exceedance probability curve used by insurers to address their solvency and manage their portfolio risk. We analyze risk profile changes in areas with large population density and for structures of economic and financial importance. New Zealand is interesting in that the city with the majority of the risk exposure in the country (Auckland) lies in the region of lowest hazard, where we don't have a lot of information about the location of faults and distributed seismicity is modeled by averaged Mw-frequency relationships on area sources. Thus small changes to the background rates
Earthquake risk assessment of Alexandria, Egypt
Badawy, Ahmed; Gaber, Hanan; Ibrahim, Hamza
Throughout historical and recent times, Alexandria has suffered great damage due to earthquakes from both near- and far-field sources. Sometimes, the sources of such damages are not well known. During the twentieth century, the city was shaken by several earthquakes generated from inland dislocations (e.g., 29 Apr. 1974, 12 Oct. 1992, and 28 Dec. 1999) and the African continental margin (e.g., 12 Sept. 1955 and 28 May 1998). Therefore, this study estimates the earthquake ground shaking and the consequent impacts in Alexandria on the basis of two earthquake scenarios. The simulation results show that Alexandria affected by both earthquakes scenarios relatively in the same manner despite the number of casualties during the first scenario (inland dislocation) is twice larger than the second one (African continental margin). An expected percentage of 2.27 from Alexandria's total constructions (12.9 millions, 2006 Census) will be affected, 0.19 % injuries and 0.01 % deaths of the total population (4.1 millions, 2006 Census) estimated by running the first scenario. The earthquake risk profile reveals that three districts (Al-Montazah, Al-Amriya, and Shark) lie in high seismic risks, two districts (Gharb and Wasat) are in moderate, and two districts (Al-Gomrok and Burg El-Arab) are in low seismic risk level. Moreover, the building damage estimations reflect that Al-Montazah is the highest vulnerable district whereas 73 % of expected damages were reported there. The undertaken analysis shows that the Alexandria urban area faces high risk. Informal areas and deteriorating buildings and infrastructure make the city particularly vulnerable to earthquake risks. For instance, more than 90 % of the estimated earthquake risks (buildings damages) are concentrated at the most densely populated (Al-Montazah, Al-Amriya, and Shark) districts. Moreover, about 75 % of casualties are in the same districts.
Managing in-country transportation risks in humanitarian supply chains by logistics service providers: Insights from the 2015 Nepal earthquake
Baharmand, Hossein; Comes, Tina; Lauras, Matthieu
Humanitarian supply chains (HSCs) play a central role in effective and efficient disaster relief operations. Transportation has a critical share in HSCs and managing its risks helps to avoid further disruptions in relief operations. However, there is no common approach to or culture of risk management that its applicability has been studied through recent cases. This paper incorporates an empirical research design and makes a threefold contribution: first, it identifies in-country transportat...
Earthquake Risk Mitigation in the Tokyo Metropolitan area
Hirata, N.; Sakai, S.; Kasahara, K.; Nakagawa, S.; Nanjo, K.; Panayotopoulos, Y.; Tsuruoka, H.
Seismic disaster risk mitigation in urban areas constitutes a challenge through collaboration of scientific, engineering, and social-science fields. Examples of collaborative efforts include research on detailed plate structure with identification of all significant faults, developing dense seismic networks; strong ground motion prediction, which uses information on near-surface seismic site effects and fault models; earthquake resistant and proof structures; and cross-discipline infrastructure for effective risk mitigation just after catastrophic events. Risk mitigation strategy for the next greater earthquake caused by the Philippine Sea plate (PSP) subducting beneath the Tokyo metropolitan area is of major concern because it caused past mega-thrust earthquakes, such as the 1703 Genroku earthquake (magnitude M8.0) and the 1923 Kanto earthquake (M7.9) which had 105,000 fatalities. A M7 or greater (M7+) earthquake in this area at present has high potential to produce devastating loss of life and property with even greater global economic repercussions. The Central Disaster Management Council of Japan estimates that the M7+ earthquake will cause 11,000 fatalities and 112 trillion yen (about 1 trillion US$) economic loss. This earthquake is evaluated to occur with a probability of 70% in 30 years by the Earthquake Research Committee of Japan. In order to mitigate disaster for greater Tokyo, the Special Project for Earthquake Disaster Mitigation in the Tokyo Metropolitan Area (2007-2011) was launched in collaboration with scientists, engineers, and social-scientists in nationwide institutions. The results that are obtained in the respective fields will be integrated until project termination to improve information on the strategy assessment for seismic risk mitigation in the Tokyo metropolitan area. In this talk, we give an outline of our project as an example of collaborative research on earthquake risk mitigation. Discussion is extended to our effort in progress and
Mcmanus, John
Few projects are completed on time, on budget, and to their original requirement or specifications. Focusing on what project managers need to know about risk in the pursuit of delivering projects, Risk Management covers key components of the risk management process and the software development process, as well as best practices for risk identification, risk planning, and risk analysis. The book examines risk planning, risk analysis responses to risk, the tracking and modelling of risks, intel...
The Relationship between Knowledge and Attitude of Managers with Preparedness of Healthcare Centers in Rey Health Network against Earthquake Risk - 2013
Directory of Open Access Journals (Sweden)
Mohammad Asadzadeh
Conclusions: Considering that managers' knowledge was rather low, preparedness among centers was low as well. According to low knowledge and unsuitable preparedness, more theoretical and practical trainings and maneuvers were necessary to be held for managers about earthquake preparedness.
POST Earthquake Debris Management — AN Overview
Sarkar, Raju
Every year natural disasters, such as fires, floods, earthquakes, hurricanes, landslides, tsunami, and tornadoes, challenge various communities of the world. Earthquakes strike with varying degrees of severity and pose both short- and long-term challenges to public service providers. Earthquakes generate shock waves and displace the ground along fault lines. These seismic forces can bring down buildings and bridges in a localized area and damage buildings and other structures in a far wider area. Secondary damage from fires, explosions, and localized flooding from broken water pipes can increase the amount of debris. Earthquake debris includes building materials, personal property, and sediment from landslides. The management of this debris, as well as the waste generated during the reconstruction works, can place significant challenges on the national and local capacities. Debris removal is a major component of every post earthquake recovery operation. Much of the debris generated from earthquake is not hazardous. Soil, building material, and green waste, such as trees and shrubs, make up most of the volume of earthquake debris. These wastes not only create significant health problems and a very unpleasant living environment if not disposed of safely and appropriately, but also can subsequently impose economical burdens on the reconstruction phase. In practice, most of the debris may be either disposed of at landfill sites, reused as materials for construction or recycled into useful commodities Therefore, the debris clearance operation should focus on the geotechnical engineering approach as an important post earthquake issue to control the quality of the incoming flow of potential soil materials. In this paper, the importance of an emergency management perspective in this geotechnical approach that takes into account the different criteria related to the operation execution is proposed by highlighting the key issues concerning the handling of the construction
POST Earthquake Debris Management - AN Overview
Sarkar, Raju
Every year natural disasters, such as fires, floods, earthquakes, hurricanes, landslides, tsunami, and tornadoes, challenge various communities of the world. Earthquakes strike with varying degrees of severity and pose both short- and long-term challenges to public service providers. Earthquakes generate shock waves and displace the ground along fault lines. These seismic forces can bring down buildings and bridges in a localized area and damage buildings and other structures in a far wider area. Secondary damage from fires, explosions, and localized flooding from broken water pipes can increase the amount of debris. Earthquake debris includes building materials, personal property, and sediment from landslides. The management of this debris, as well as the waste generated during the reconstruction works, can place significant challenges on the national and local capacities. Debris removal is a major component of every post earthquake recovery operation. Much of the debris generated from earthquake is not hazardous. Soil, building material, and green waste, such as trees and shrubs, make up most of the volume of earthquake debris. These wastes not only create significant health problems and a very unpleasant living environment if not disposed of safely and appropriately, but also can subsequently impose economical burdens on the reconstruction phase. In practice, most of the debris may be either disposed of at landfill sites, reused as materials for construction or recycled into useful commodities Therefore, the debris clearance operation should focus on the geotechnical engineering approach as an important post earthquake issue to control the quality of the incoming flow of potential soil materials. In this paper, the importance of an emergency management perspective in this geotechnical approach that takes into account the different criteria related to the operation execution is proposed by highlighting the key issues concerning the handling of the construction
Initiatives to Reduce Earthquake Risk of Developing Countries
Tucker, B. E.
The seventeen-year-and-counting history of the Palo Alto-based nonprofit organization GeoHazards International (GHI) is the story of many initiatives within a larger initiative to increase the societal impact of geophysics and civil engineering. GHI's mission is to reduce death and suffering due to earthquakes and other natural hazards in the world's most vulnerable communities through preparedness, mitigation and advocacy. GHI works by raising awareness in these communities about their risk and about affordable methods to manage it, identifying and strengthening institutions in these communities to manage their risk, and advocating improvement in natural disaster management. Some of GHI's successful initiatives include: (1) creating an earthquake scenario for Quito, Ecuador that describes in lay terms the consequences for that city of a probable earthquake; (2) improving the curricula of Pakistani university courses about seismic retrofitting; (3) training employees of the Public Works Department of Delhi, India on assessing the seismic vulnerability of critical facilities such as a school, a hospital, a police headquarters, and city hall; (4) assessing the vulnerability of the Library of Tibetan Works and Archives in Dharamsala, India; (5) developing a seismic hazard reduction plan for a nonprofit organization in Kathmandu, Nepal that works to manage Nepal's seismic risk; and (6) assisting in the formulation of a resolution by the Council of the Organization for Economic Cooperation and Development (OECD) to promote school earthquake safety among OECD member countries. GHI's most important resource, in addition to its staff and Board of Trustees, is its members and volunteer advisors, who include some of the world's leading earth scientists, earthquake engineers, urban planners and architects, from the academic, public, private and nonprofit sectors. GHI is planning several exciting initiatives in the near future. One would oversee the design and construction of
Design Guide for Improving School Safety in Earthquakes, Floods, and High Winds. Risk Management Series. FEMA 424
Arnold, Christopher; Lyons, Jack; Munger, James; Quinn, Rebecca C.; Smith, Thomas L.
This manual is intended to provide guidance for the protection of school buildings and their occupants from natural disasters, and the economic losses and social disruption caused by building damage and destruction. This volume concentrates on grade schools, K-12. This publication covers earthquakes, floods, and high winds. Its intended audience…
Earthquake risk assessment of building structures
International Nuclear Information System (INIS)
Ellingwood, Bruce R.
During the past two decades, probabilistic risk analysis tools have been applied to assess the performance of new and existing building structural systems. Structural design and evaluation of buildings and other facilities with regard to their ability to withstand the effects of earthquakes requires special considerations that are not normally a part of such evaluations for other occupancy, service and environmental loads. This paper reviews some of these special considerations, specifically as they pertain to probability-based codified design and reliability-based condition assessment of existing buildings. Difficulties experienced in implementing probability-based limit states design criteria for earthquake are summarized. Comparisons of predicted and observed building damage highlight the limitations of using current deterministic approaches for post-earthquake building condition assessment. The importance of inherent randomness and modeling uncertainty in forecasting building performance is examined through a building fragility assessment of a steel frame with welded connections that was damaged during the Northridge Earthquake of 1994. The prospects for future improvements in earthquake-resistant design procedures based on a more rational probability-based treatment of uncertainty are examined
Directory of Open Access Journals (Sweden)
Temitope Egbelakin
Full Text Available The increasing scale of losses from earthquake disasters has reinforced the need for property owners to become proactive in seismic risk reduction programs. However, despite advancement in seismic design methods and legislative frameworks, building owners are found unwilling or lack motivation to adopt adequate mitigation measures that will reduce their vulnerability to earthquake disasters. Various theories and empirical findings have been used to explain the adoption of protective behaviours including seismic mitigation decisions, but their application has been inadequate to enhance building owners' protective decisions. A holistic framework that incorporates the motivational orientations of decision-making, coupled with the social, cultural, economic, regulatory, institutional and political realms of earthquake risk mitigation to enhance building owners' decisions to voluntarily implement adequate mitigation measures, is proposed. This framework attempts to address any multi-disciplinary barriers that exist in earthquake disaster management, by ensuring that stakeholders involved in seismic mitigation decisions work together to foster seismic rehabilitation of EPBs, as well as illuminate strategies that will initiate, promote and sustain the adoption of long-term earthquake mitigation. .
Asia-Pacific Region Global Earthquake and Volcanic Eruption Risk Management (G-EVER) project and a next-generation real-time volcano hazard assessment system
Takarada, S.
The first Workshop of Asia-Pacific Region Global Earthquake and Volcanic Eruption Risk Management (G-EVER1) was held in Tsukuba, Ibaraki Prefecture, Japan from February 23 to 24, 2012. The workshop focused on the formulation of strategies to reduce the risks of disasters worldwide caused by the occurrence of earthquakes, tsunamis, and volcanic eruptions. More than 150 participants attended the workshop. During the workshop, the G-EVER1 accord was approved by the participants. The Accord consists of 10 recommendations like enhancing collaboration, sharing of resources, and making information about the risks of earthquakes and volcanic eruptions freely available and understandable. The G-EVER Hub website (http://g-ever.org) was established to promote the exchange of information and knowledge among the Asia-Pacific countries. Several G-EVER Working Groups and Task Forces were proposed. One of the working groups was tasked to make the next-generation real-time volcano hazard assessment system. The next-generation volcano hazard assessment system is useful for volcanic eruption prediction, risk assessment, and evacuation at various eruption stages. The assessment system is planned to be developed based on volcanic eruption scenario datasets, volcanic eruption database, and numerical simulations. Defining volcanic eruption scenarios based on precursor phenomena leading up to major eruptions of active volcanoes is quite important for the future prediction of volcanic eruptions. Compiling volcanic eruption scenarios after a major eruption is also important. A high quality volcanic eruption database, which contains compilations of eruption dates, volumes, and styles, is important for the next-generation volcano hazard assessment system. The volcanic eruption database is developed based on past eruption results, which only represent a subset of possible future scenarios. Hence, different distributions from the previous deposits are mainly observed due to the differences in
Chambers, David W
Every plan contains risk. To proceed without planning some means of managing that risk is to court failure. The basic logic of risk is explained. It consists in identifying a threshold where some corrective action is necessary, the probability of exceeding that threshold, and the attendant cost should the undesired outcome occur. This is the probable cost of failure. Various risk categories in dentistry are identified, including lack of liquidity; poor quality; equipment or procedure failures; employee slips; competitive environments; new regulations; unreliable suppliers, partners, and patients; and threats to one's reputation. It is prudent to make investments in risk management to the extent that the cost of managing the risk is less than the probable loss due to risk failure and when risk management strategies can be matched to type of risk. Four risk management strategies are discussed: insurance, reducing the probability of failure, reducing the costs of failure, and learning. A risk management accounting of the financial meltdown of October 2008 is provided.
Perception of earthquake risk in Taiwan: effects of gender and past earthquake experience.
Kung, Yi-Wen; Chen, Sue-Huei
This study explored how individuals in Taiwan perceive the risk of earthquake and the relationship of past earthquake experience and gender to risk perception. Participants (n= 1,405), including earthquake survivors and those in the general population without prior direct earthquake exposure, were selected and interviewed through a computer-assisted telephone interviewing procedure using a random sampling and stratification method covering all 24 regions of Taiwan. A factor analysis of the interview data yielded a two-factor structure of risk perception in regard to earthquake. The first factor, "personal impact," encompassed perception of threat and fear related to earthquakes. The second factor, "controllability," encompassed a sense of efficacy of self-protection in regard to earthquakes. The findings indicated prior earthquake survivors and females reported higher scores on the personal impact factor than males and those with no prior direct earthquake experience, although there were no group differences on the controllability factor. The findings support that risk perception has multiple components, and suggest that past experience (survivor status) and gender (female) affect the perception of risk. Exploration of potential contributions of other demographic factors such as age, education, and marital status to personal impact, especially for females and survivors, is discussed. Future research on and intervention program with regard to risk perception are suggested accordingly. © 2012 Society for Risk Analysis.
Vrancea earthquakes. Courses for specific actions to mitigate seismic risk
International Nuclear Information System (INIS)
Marmureanu, Gheorghe; Marmureanu, Alexandru
Earthquakes in the Carpathian-Pannonian region are confined to the crust, except the Vrancea zone, where earthquakes with focal depth down to 200 Km occur. For example, the ruptured area migrated from 150 km to 180 km (November 10,1940, M w = 7.7) from 90 km to 110 km (March 4, 1977, M w 7.4), from 130 km to 150 km (August 30, 1986, M w = 7.1) and from 70 km to 90 km (May 30, 1990, M w = 6.9) depth. The depth interval between 110 km and 130 km remains not ruptured since 1802, October 26, when it was the strongest earthquake occurred in this part of Central Europe. The magnitude is assumed to be M w = 7.9 - 8.0 and this depth interval is a natural candidate for the next strong Vrancea event. While no country in the world is entirely safe, the lack of capacity to limit the impact of seismic hazards remains a major burden for all countries and while the world has witnessed an exponential increase in human and material losses due to natural disasters given by earthquakes, there is a need to reverse trends in seismic risk mitigation to future events. Main courses for specific actions to mitigate the seismic risk given by strong deep Vrancea earthquakes should be considered as key for development actions: - Early warning system for industrial facilities. Early warning is more than a technological instrument to detect, monitor and submit warnings. It should become part of a management information system for decision-making in the context of national institutional frameworks for disaster management and part of national and local strategies and programmers for risk mitigation; - Prediction program of Vrancea strong earthquakes of short and long term; - Hazard seismic map of Romania. The wrong assessment of the seismic hazard can lead to dramatic situations as those from Bucharest or Kobe. Before the 1977 Vrancea earthquake, the city of Bucharest was designed to intensity I = VII (MMI) and the real intensity was I = IX1/2-X (MMI); - Seismic microzonation of large populated
Vrancea earthquakes. Specific actions to mitigate seismic risk
International Nuclear Information System (INIS)
Marmureanu, Gheorghe; Marmureanu, Alexandru
natural disasters given by earthquakes, there is a need to reverse trends in seismic risk mitigation to future events. Main courses of specific action to mitigate the seismic risks from strong deep Vrancea earthquakes should be considered as key to future development projects, including: - Early warning system for industrial facilities; - Short and long term prediction program of strong Vrancea earthquakes; - Seismic hazard map of Romania; - Seismic microzonation of large populated cities; - Shake map; - Seismic tomography of dams for avoiding disasters. The quality of life and the security of infrastructure (including human services, civil and industrial structures, financial infrastructure, information transmission and processing systems) in every nation are increasingly vulnerable to disasters caused by events that have geological, atmospheric, hydrologic, and technological origins. As UN Secretary General Kofi Annan pointed out, 'Building a culture of prevention is not easy. While the costs of prevention have to be paid in the present, its benefits lie in a distant future'. In other words: Prevention pays off. This may not always become apparent immediately, but, in the long run, the benefits from prevention measures will always outweigh their costs by far. Romania is an earthquake prone area and these main specific actions are really contributing to seismic risk mitigation. These specific actions are provided for in Law nr. 372/March 18,2004 -'The National Program of Seismic Risk Management'. (authors)
Magnitudes and frequencies of earthquakes in relation to seismic risk
International Nuclear Information System (INIS)
Sharma, R.D.
Estimating the frequencies of occurrence of earthquakes of different magnitudes on a regional basis is an important task in estimating seismic risk at a construction site. Analysis of global earthquake data provides an insight into the magnitudes frequency relationship in a statistical manner. It turns out that, whereas a linear relationship between the logarithm of earthquake occurrence rates and the corresponding earthquake magnitudes fits well in the magnitude range between 5 and 7, a second degree polynomial in M, the earthquake magnitude provides a better description of the frequencies of earthquakes in a much wider range of magnitudes. It may be possible to adopt magnitude frequency relation for regions, for which adequate earthquake data are not available, to carry out seismic risk calculations. (author). 32 refs., 8 tabs., 7 figs
Probabilistic earthquake risk assessment as a tool to improve safety and explanatory adequacy
International Nuclear Information System (INIS)
Itoi, Tatsuya
This paper explains the concept of probabilistic earthquake risk assessment, mainly from the viewpoint as a tool to improve safety and explanatory adequacy. The definition of risk is the expected value of undesirable effect in an engineering meaning that is likely to occur in the future, and it is defined in risk management as the triplet of scenario (what can happen), frequency, and impact. As for the earthquake risk assessment of a nuclear power plant, the fragility of structure / system / component (SSC) against earthquake (so-called earthquake fragility) is assessed, and by combining with the earthquake hazard that has been separately obtained, the occurrence frequency and impact of the accident are obtained. From the view of the authors, earthquake risk assessment is for the purpose of decision-making, and is not intended to calculate the probability in a scientifically rigorous manner. For ensuring the quality of risk assessment, the table of 'Expert utilization standards for the evaluation of epistemological uncertainty' is used. Sole quantitative risk assessment is not necessarily sufficient for risk management. It would be important to find how to build the 'framework for comprehensive decision-making.' (A.O.)
Earthquake Disaster Risk Index for Cities: Baku, Yerevan, Tbilisi
International Nuclear Information System (INIS)
Varazanashvili, O.; Mammadli, T.; Nazaretyan, S.
For comparative analysis of seismic risk in the capitals of the South Caucasian States - Baku, Yerevan and Tbilisi - the methodology of determination of earthquake disaster risk index (EDRI) has been used. Earthquake disaster risk indexes have been determined for considered cities. EDRI-analysis is performed, some peculiarities of main risk factors are revealed and risk portraits are made in each city of the given sample. (author)
Burden and Management of Noncommunicable Diseases After Earthquakes and Tsunamis.
Suneja, Amit; Gakh, Maxim; Rutkow, Lainie
This integrative review examines extant literature assessing the burden and management of noncommunicable diseases 6 months or more after earthquakes and tsunamis. We conducted an integrative review to identify and characterize the strength of published studies about noncommunicable disease-specific outcomes and interventions at least 6 months after an earthquake and/or tsunami. We included disasters that occurred from 2004 to 2016. We focused primarily on the World Health Organization noncommunicable disease designations to define chronic disease, but we also included chronic renal disease, risk factors for noncommunicable diseases, and other chronic diseases or symptoms. After removing duplicates, our search yielded 6,188 articles. Twenty-five articles met our inclusion criteria, some discussing multiple noncommunicable diseases. Results demonstrate that existing medical conditions may worsen and subsequently improve, new diseases may develop, and risk factors, such as weight and cholesterol levels, may increase for several years after an earthquake and/or tsunami. We make 3 recommendations for practitioners and researchers: (1) plan for noncommunicable disease management further into the recovery period of disaster; (2) increase research on the burden of noncommunicable diseases, the treatment modalities employed, resulting population-level outcomes in the postdisaster setting, and existing models to improve stakeholder coordination and action regarding noncommunicable diseases after disasters; and (3) coordinate with preexisting provision networks, especially primary care.
Seismicity and earthquake risk in western Sicily
Directory of Open Access Journals (Sweden)
Full Text Available The seismicity and the earthquake risk in Western Sicily are here
evaluated on the basis of the experimental data referring to the historical
and instrumentally recorded earthquakes in this area (from 1248
up to 1968, which have been thoroughly collected, analyzed, tested and
normalized in order to assure the quasi-stationarity of the series of
The approximated magnitude values — obtained by means of a compared
analysis of the magnitude and epicentral intensity values of the
latest events — have allowed to study the parameters of the frequency-
magnitude relation with both the classical exponential model and
the truncated exponential one previously proposed by the author.
So, the basic parameters, including the maximum possible regional
magnitude, have been estimated by means of different procedures, and
their behaviours have been studied as functions of the threshold magnitude.
Change of risk information disclosure in annual report. Before and after earthquake disaster
International Nuclear Information System (INIS)
Ueno, Takefumi
This research examines how risk information disclosure is changing in annual report before and after East Japan Great Earthquake Disaster. Company voluntary disclose risk information in annual report. Manager can decide a style and items of risk information. This paper explores risk information disclosures of Tokyo Electric Power Company, Chubu Power Electric Company, Kansai Electric Power Company and Toyota Motor Corporation. The managers except Tokyo Electric Company are likely to disclose own catastrophe risk before the disaster. However, they do not try to reduce their risk. Corporations' risk information do not link with own risk management. (author)
The earthquake/seismic risk, vulnerability and capacity profile for ...
African Journals Online (AJOL)
The study was carried out to understand the risks posed by earthquakes in Karonga based on roles and perception of stakeholders. Information was collected from several stakeholders who were found responding to earthquakes impacts in Karonga Town. The study found that several stakeholders, governmental and ...
A Case Study of the Bam Earthquake to Establish a Pattern for Earthquake Management in Iran
Directory of Open Access Journals (Sweden)
Keramatollah Ziari
Full Text Available The field of crisis management knowledge and expertise is associated with a wide range of fields. Knowledge-based crisis management is a combination of science, art and practice. Iran is an earthquake-prone country. Through years several earthquakes have happened in the country resulting in many human and financial losses. According to scientific standards, the first 24 hours following an earthquake is the most valuable time for saving victims. Yet in the case of Bam only 5% of the victims were rescued within the first 48 hours. The success of disaster management is evaluated in terms of programming, raising public participation, organizing and hiring manpower, and supervising the management process. In this study disaster management is divided into three stages in which different actions are required. The stages and actions are explained in detail. Moreover, features, effects, and losses of the earthquake are described.
Challenges to communicate risks of human-caused earthquakes
Klose, C. D.
The awareness of natural hazards has been up-trending in recent years. In particular, this is true for earthquakes, which increase in frequency and magnitude in regions that normally do not experience seismic activity. In fact, one of the major concerns for many communities and businesses is that humans today seem to cause earthquakes due to large-scale shale gas production, dewatering and flooding of mines and deep geothermal power production. Accordingly, without opposing any of these technologies it should be a priority of earth scientists who are researching natural hazards to communicate earthquake risks. This presentation discusses the challenges that earth scientists are facing to properly communicate earthquake risks, in light of the fact that human-caused earthquakes are an environmental change affecting only some communities and businesses. Communication channels may range from research papers, books and class room lectures to outreach events and programs, popular media events or even social media networks.
Statistical aspects and risks of human-caused earthquakes
Klose, C. D.
The seismological community invests ample human capital and financial resources to research and predict risks associated with earthquakes. Industries such as the insurance and re-insurance sector are equally interested in using probabilistic risk models developed by the scientific community to transfer risks. These models are used to predict expected losses due to naturally occurring earthquakes. But what about the risks associated with human-caused earthquakes? Such risk models are largely absent from both industry and academic discourse. In countries around the world, informed citizens are becoming increasingly aware and concerned that this economic bias is not sustainable for long-term economic growth, environmental and human security. Ultimately, citizens look to their government officials to hold industry accountable. In the Netherlands, for example, the hydrocarbon industry is held accountable for causing earthquakes near Groningen. In Switzerland, geothermal power plants were shut down or suspended because they caused earthquakes in canton Basel and St. Gallen. The public and the private non-extractive industry needs access to information about earthquake risks in connection with sub/urban geoengineeing activities, including natural gas production through fracking, geothermal energy production, carbon sequestration, mining and water irrigation. This presentation illuminates statistical aspects of human-caused earthquakes with respect to different geologic environments. Statistical findings are based on the first catalog of human-caused earthquakes (in Klose 2013). Findings are discussed which include the odds to die during a medium-size earthquake that is set off by geomechanical pollution. Any kind of geoengineering activity causes this type of pollution and increases the likelihood of triggering nearby faults to rupture.
International Nuclear Information System (INIS)
Nathwani, J.S.
The three principles to guide regulating authorities are: Risks shall be managed to maximize the total expected net benefit to society; The safety benefit to be promoted is quality-adjusted life expectancy; Decisions for the public in regard to health and safety must be open and apply across the entire range of hazards to life and health. Based on the principle that excessive spending on health and safety, or lack of necessary development, may cause poverty and thereby actually decrease (adjusted) life expectancy, the author has developed a Life Product Index which gives comparable results to the Human Development Index promoted by the United Nations Development Program. These two social indicators can be used for purposes such as project evaluation, choosing between alternative technologies, or evaluation of health and safety programs
Earthquake insurance pricing: a risk-based approach.
Lin, Jeng-Hsiang
Flat earthquake premiums are 'uniformly' set for a variety of buildings in many countries, neglecting the fact that the risk of damage to buildings by earthquakes is based on a wide range of factors. How these factors influence the insurance premiums is worth being studied further. Proposed herein is a risk-based approach to estimate the earthquake insurance rates of buildings. Examples of application of the approach to buildings located in Taipei city of Taiwan were examined. Then, the earthquake insurance rates for the buildings investigated were calculated and tabulated. To fulfil insurance rating, the buildings were classified into 15 model building types according to their construction materials and building height. Seismic design levels were also considered in insurance rating in response to the effect of seismic zone and construction years of buildings. This paper may be of interest to insurers, actuaries, and private and public sectors of insurance. © 2018 The Author(s). Disasters © Overseas Development Institute, 2018.
An earthquake happens when two blocks of the earth suddenly slip past one another. Earthquakes strike suddenly, violently, and without warning at any time of the day or night. If an earthquake occurs in a populated area, it may cause ...
Earthquakes: Risk, Monitoring, Notification, and Research
States are as much as 30% lower for certain types of ground motion, called long-period seismic waves, which affect taller , multistory buildings. Ground...jump between connected faults. Earthquakes that occur along the Sierra Madre Fault in southern California, for example, could trigger a series of
Crisis management aspects of bam catastrophic earthquake: review article.
Sadeghi-Bazargani, Homayoun; Azami-Aghdash, Saber; Kazemi, Abdolhassan; Ziapour, Behrad
Bam earthquake was the most catastrophic natural disasters in recent years. The aim of this study was to review different aspects of crisis management during and after the catastrophic earthquake in Bam City, Iran. Data needed for this systematic review were collected through searching PubMed, EMBASE and SID databases, for the period from 2003 to 2011. Keywords included earthquake, Iran and Bam earthquake. The data were summarized and were analyzed using Content Analysis. Out of 422 articles, 25 articles were included in the study. Crisis Management aspects and existing pitfalls were classified into seven categories including planning and organization, human resource management, management of logistics, international humanitarian aids, field performance of the military and security forces, health and medical service provision, and information management. Positive aspects and major pitfalls of crisis management have been introduced in all the mentioned categories. The available evidence indicated poor crisis management during Bam earthquake that resulted in aggravating the losses as well as diminishing the effect of interventions. Thus, concerning the importance of different aspects of the crisis management and the high prevalence of disasters in Iran, the observed vulnerability in disaster management process should be addressed.
Global risk of big earthquakes has not recently increased.
Shearer, Peter M; Stark, Philip B
The recent elevated rate of large earthquakes has fueled concern that the underlying global rate of earthquake activity has increased, which would have important implications for assessments of seismic hazard and our understanding of how faults interact. We examine the timing of large (magnitude M≥7) earthquakes from 1900 to the present, after removing local clustering related to aftershocks. The global rate of M≥8 earthquakes has been at a record high roughly since 2004, but rates have been almost as high before, and the rate of smaller earthquakes is close to its historical average. Some features of the global catalog are improbable in retrospect, but so are some features of most random sequences--if the features are selected after looking at the data. For a variety of magnitude cutoffs and three statistical tests, the global catalog, with local clusters removed, is not distinguishable from a homogeneous Poisson process. Moreover, no plausible physical mechanism predicts real changes in the underlying global rate of large events. Together these facts suggest that the global risk of large earthquakes is no higher today than it has been in the past.
Earthquakes in the kindergarten educate for risk mitigation
Mata, Isabel; Rodrigues, Isabel; Matias, Luis
"Earthquakes in the kindergarten educate for risk mitigation" Isabel Rodrigues, Jardim de Infância D. Dinis, Odivelas, Isabel Mata, Secondary School Adelaide Cabette, Odivelas Luis Matias (UL / IDL), Instituto Dom Luiz, Universityof Lisbon, Lisbon, Portugal In Portugal Education for risk is now recognized as a child training component and young learners should develop the right skills in the first years of life. School can have an important role in this process, as a privileged actor in the mobilization of every society, providing and promoting dynamic and educational practices aimed at the wider spectrum of education for citizenship, the adoption of safety behaviours, prevention and adequate management of risk. The Group of Schools Adelaide Cabette in Odivelas is now a set of schools, from Kindergarten to Secondary. Aiming at educating for risk prevention, we developed an experiment with a pre-school class directed to the seismic risk, which was extended to Earth Sciences because it is difficult to teach this topic to the youngest learners, either from Kindergarten or from Primary School, as they haven't learned enough about planet Earth (many don't even know that it is not flat but round like a ball). This experiment involved a working project 1, which was initially developed in one of the classrooms, in kindergarten D. Dinis, and many questions have been asked by the students. The explanation for the students' questions gave origin to a set of experiences developed in the Secondary school. The same class concluded the project in their own classroom. In this project the young learners could have contact with pre-school teachers, secondary and university researchers, thus promoting the sharing of different knowledge, including the scientific linked to the educational one. We would like to share our poster summarizing our experience which we feltwas not only a great challenge, but also a rewarding way to disseminate science to the youngest learners. 1. Keywords
International Nuclear Information System (INIS)
Magne, L.
There is always a risk of an accident occurring at a nuclear power plant, however small. The problem lies in estimating the probability of it occurring. The method of probabilistic safety assessment provides this estimate, and by identifying the sources of potential risk, makes it possible to prevent them from occurring. It is not, however, a substitute for other decision-making processes. (author)
Perera, Jeevan S.
Leadership is key to success. Phased-approach for implementation of risk management is necessary. Risk management system will be simple, accessible and promote communication of information to all relevant stakeholders for optimal resource allocation and risk mitigation. Risk management should be used by all team members to manage risks -- risk office personnel. Each group is assigned Risk Integrators who are facilitators for effective risk management. Risks will be managed at the lowest-level feasible, elevate only those risks that require coordination or management from above. Risk reporting and communication is an essential element of risk management and will combine both qualitative and quantitative elements. Risk informed decision making should be introduced to all levels of management. Provide necessary checks and balances to insure that risks are caught/identified and dealt with in a timely manner. Many supporting tools, processes & training must be deployed for effective risk management implementation. Process improvement must be included in the risk processes.
Reflections from the interface between seismological research and earthquake risk reduction
Sargeant, S.
Scientific understanding of earthquakes and their attendant hazards is vital for the development of effective earthquake risk reduction strategies. Within the global disaster reduction policy framework (the Hyogo Framework for Action, overseen by the UN International Strategy for Disaster Reduction), the anticipated role of science and scientists is clear, with respect to risk assessment, loss estimation, space-based observation, early warning and forecasting. The importance of information sharing and cooperation, cross-disciplinary networks and developing technical and institutional capacity for effective disaster management is also highlighted. In practice, the degree to which seismological information is successfully delivered to and applied by individuals, groups or organisations working to manage or reduce the risk from earthquakes is variable. The challenge for scientists is to provide fit-for-purpose information that can be integrated simply into decision-making and risk reduction activities at all levels of governance and at different geographic scales, often by a non-technical audience (i.e. people without any seismological/earthquake engineering training). The interface between seismological research and earthquake risk reduction (defined here in terms of both the relationship between the science and its application, and the scientist and other risk stakeholders) is complex. This complexity is a function of a range issues that arise relating to communication, multidisciplinary working, politics, organisational practices, inter-organisational collaboration, working practices, sectoral cultures, individual and organisational values, worldviews and expectations. These factors can present significant obstacles to scientific information being incorporated into the decision-making process. The purpose of this paper is to present some personal reflections on the nature of the interface between the worlds of seismological research and risk reduction, and the
Uniform risk spectra of strong earthquake ground motion: NEQRISK
International Nuclear Information System (INIS)
Lee, V.W.; Trifunac, M.D.
The concept of uniform risk spectra of Anderson and Trifunac (1977) has been generalized to include (1) more refined description of earthquake source zones, (2) the uncertainties in estimating seismicity parameters a and b in log 10 N = a - bM, (3) to consider uncertainties in estimation of maximum earthquake size in each source zone, and to (4) include the most recent results on empirical scaling of strong motion amplitudes at a site. Examples of using to new NEQRISK program are presented and compared with the corresponding case studies of Anderson and Trifunac (1977). The organization of the computer program NEQRISK is also briefly described
Perera, Jeevan S.
Phased-approach for implementation of risk management is necessary. Risk management system will be simple, accessible and promote communication of information to all relevant stakeholders for optimal resource allocation and risk mitigation. Risk management should be used by all team members to manage risks - not just risk office personnel. Each group/department is assigned Risk Integrators who are facilitators for effective risk management. Risks will be managed at the lowest-level feasible, elevate only those risks that require coordination or management from above. Risk informed decision making should be introduced to all levels of management. ? Provide necessary checks and balances to insure that risks are caught/identified and dealt with in a timely manner. Many supporting tools, processes & training must be deployed for effective risk management implementation. Process improvement must be included in the risk processes.
Meeting the Challenge of Earthquake Risk Globalisation: Towards the Global Earthquake Model GEM (Sergey Soloviev Medal Lecture)
Zschau, J.
Earthquake risk, like natural risks in general, has become a highly dynamic and globally interdependent phenomenon. Due to the "urban explosion" in the Third World, an increasingly complex cross linking of critical infrastructure and lifelines in the industrial nations and a growing globalisation of the world's economies, we are presently facing a dramatic increase of our society's vulnerability to earthquakes in practically all seismic regions on our globe. Such fast and global changes cannot be captured with conventional earthquake risk models anymore. The sciences in this field are, therefore, asked to come up with new solutions that are no longer exclusively aiming at the best possible quantification of the present risks but also keep an eye on their changes with time and allow to project these into the future. This does not apply to the vulnerablity component of earthquake risk alone, but also to its hazard component which has been realized to be time-dependent, too. The challenges of earthquake risk dynamics and -globalisation have recently been accepted by the Global Science Forum of the Organisation for Economic Co-operation and Development (OECD - GSF) who initiated the "Global Earthquake Model (GEM)", a public-private partnership for establishing an independent standard to calculate, monitor and communicate earthquake risk globally, raise awareness and promote mitigation.
Crisis management of tohoku; Japan earthquake and tsunami, 11 march 2011.
Zaré, M; Afrouz, S Ghaychi
The huge earthquake in 11 March 2012 which followed by a destructive tsunami in Japan was largest recorded earthquake in the history. Japan is pioneer in disaster management, especially earthquakes. How this developed country faced this disaster, which had significant worldwide effects? The humanitarian behavior of the Japanese people amazingly wondered the word's media, meanwhile the management of government and authorities showed some deficiencies. The impact of the disaster is followed up after the event and the different impacts are tried to be analyzed in different sectors. The situation one year after Japan 2011 earthquake and Tsunami is overviewed. The reason of Japanese plans failure was the scale of tsunami, having higher waves than what was assumed, especially in the design of the Nuclear Power Plant. Japanese authorities considered economic benefits more than safety and moral factors exacerbate the situation. Major lessons to be learnt are 1) the effectiveness of disaster management should be restudied in all hazardous countries; 2) the importance of the high-Tech early-warning systems in reducing risk; 3) Reconsidering of extreme values expected/possible hazard and risk levels is necessary; 4) Morality and might be taken as an important factor in disaster management; 5) Sustainable development should be taken as the basis for reconstruction after disaster.
Probabilistic risk assessment of earthquakes at the Rocky Flats Plant and subsequent upgrade to reduce risk
International Nuclear Information System (INIS)
Day, S.A.
An analysis to determine the risk associated with earthquakes at the Rocky Flats Plant was performed. Seismic analyses and structural evaluations were used to postulate building and equipment damage and radiological releases to the environment from various magnitudes of earthquakes. Dispersion modeling and dose assessment to the public were then calculated. The frequency of occurrence of various magnitudes of earthquakes were determined from the Department of Energy natural Phenomena Hazards Modeling Project. Risk to the public was probabilistically assessed for each magnitude of earthquake and for overall seismic risk. Based on the results of this Probabilistic Risk Assessment and a cost/benefit analysis, seismic upgrades are being implemented for several plutonium-handling facilities for the purpose of risk reduction
It's Our Fault: better defining earthquake risk in Wellington, New Zealand
Van Dissen, R.; Brackley, H. L.; Francois-Holden, C.
The Wellington region, home of New Zealand's capital city, is cut by a number of major right-lateral strike slip faults, and is underlain by the currently locked west-dipping subduction interface between the down going Pacific Plate, and the over-riding Australian Plate. In its short historic period (ca. 160 years), the region has been impacted by large earthquakes on the strike-slip faults, but has yet to bear the brunt of a subduction interface rupture directly beneath the capital city. It's Our Fault is a comprehensive study of Wellington's earthquake risk. Its objective is to position the capital city of New Zealand to become more resilient through an encompassing study of the likelihood of large earthquakes, and the effects and impacts of these earthquakes on humans and the built environment. It's Our Fault is jointly funded by New Zealand's Earthquake Commission, Accident Compensation Corporation, Wellington City Council, Wellington Region Emergency Management Group, Greater Wellington Regional Council, and Natural Hazards Research Platform. The programme has been running for six years, and key results to date include better definition and constraints on: 1) location, size, timing, and likelihood of large earthquakes on the active faults closest to Wellington; 2) earthquake size and ground shaking characterization of a representative suite of subduction interface rupture scenarios under Wellington; 3) stress interactions between these faults; 4) geological, geotechnical, and geophysical parameterisation of the near-surface sediments and basin geometry in Wellington City and the Hutt Valley; and 5) characterisation of earthquake ground shaking behaviour in these two urban areas in terms of subsoil classes specified in the NZ Structural Design Standard. The above investigations are already supporting measures aimed at risk reduction, and collectively they will facilitate identification of additional actions that will have the greatest benefit towards further
Psychological Vulnerability and Earthquake Risk Perception in Bucharest/Romania
Romeo Cretu, Zeno; Armas, Iuliana; Stanciugelu, Irina
The importance of studying the relationship with the natural hazard events from a psycho-social perspective is fundamental by the experience with past disasters as much as by the research in the field that proved that the people's psychologic structures may constitute a starting point for risk reduction. People's psycho-behavioural patterns contain conscious or unconscious references to the environmental risk, thus creating certain adjustment strategies and mechanisms, with a certain degree of psychological vulnerability. In modern man's case, the high level of awareness in front of natural dangers, doubled by the perception of the environment's unsafety, experienced as a lack of control, brings to attention nowadays the problematic of the analysis of natural risk perception, as a main factor in the adjustment of human communities' capacity of adapting to the natural environment's dynamics. The major objective of this present work is, based on the development of an efficient evaluation methodology, to identify specific relational patterns to seismic risk in Bucharest, function the characteristics of the urban environment, the social, economical and psychological vulnerability, with results that can be applied for disaster management. For explaining human reactions and the way in which they perceive and evaluate the psychological resources, on a daily basis, but also in risk situations (earthquakes), a multi-modal questionnaire was conceived through qualitative methods (a focus group, along with experts from the Public and Administrative Sciences National School, Risk Communication Center). The questionnaire was structured on a 49 items sequence, in which were included different type of questions (with single or multiple answers, open questions etc), and also questions using different scaling methods. The items caught cognitive elements (expectations, anticipations and negative or positive judgments regarding risk element), affective (feelings) and behavioral
Energy Technology Data Exchange (ETDEWEB)
Eaton, C. [Enbridge, Calgary, AB (Canada)
Enterprise risk management (ERM) is a relative new, holistic and strategic approach for managing risks in modern organizations. ERM builds on and extends traditional risk management (RM). Risk is the effect of uncertainty on objectives - positive and/or negative. Risk management is a set of practices used to understand and address risk. ERM is a form of RM that emphasizes risk aggregation and integration. Risk aggregation is combining individual risks into categories ({sup r}olled up{sup )}. risk integration is embedding RM into organizational contexts ({sup b}uilt in{sup )}.
Investigation of obstacles against effective crisis management in earthquake
Directory of Open Access Journals (Sweden)
Mahmood Nekoei-Moghadam
Full Text Available Floods, hurricanes, landslides, hurricanes, tornadoes, earthquakes are events that a large group of people on earth are affected. In December 2003, the residents of Bam, Iran experienced an earthquake that measured 6.6 on the Richter scale and destroyed more than 90% of the city. The purpose of this study was to investigate obstacles against effective crisis management with considering service received by individuals in the Bam earthquake. In this study, domestic journals, foreign dissertations in Persian bases such as Google scholar, Magiran, IranMedex, SID and in English bases such as PubMed, Web of Science, Google scholar were used. The results of this study showed that there were many problems in various aspects of planning including: lack of coherent programs, lack of attention to the needs of health care, poor coordination between agencies and organizations and lack of appropriate training of volunteers and people.
Development of fire risk assessment method caused by earthquake
International Nuclear Information System (INIS)
Mitomo, Nobuo; Matsukura, Hiroshi; Matsuoka, Takeshi; Suzuki, Kazutaka
The purpose of this research is to establish the assessment method of the risk of the multiple fires caused by earthquake, in the framework of PSA. In order to establish this method, we have settled four tasks and started a five years research project in 1999 for five years. These results will be useful for not only nuclear power plants but also chemical plants, traffic systems etc. (author)
Jr., R. F. Miles
Project risk management is primarily concerned with performance, reliability, cost, and schedule. Environmental risk management is primarily concerned with human health and ecological hazards and likelihoods. This paper discusses project risk management and compares it to environmental risk management, both with respect to goals and implementation. The approach of the Jet Propulsion Laboratory to risk management is presented as an example of a project risk management approach that is an extension to NASA NHB 7120.5: Management of Major System Programs and Projects.
Insight into the Earthquake Risk Information Seeking Behavior of the Victims: Evidence from Songyuan, China
Directory of Open Access Journals (Sweden)
Shasha Li
Full Text Available Efficient risk communication is a vital way to reduce the vulnerability of individuals when facing emergency risks, especially regarding earthquakes. Efficient risk communication aims at improving the supply of risk information and fulfilling the need for risk information by individuals. Therefore, an investigation into individual-level information seeking behavior within earthquake risk contexts is very important for improved earthquake risk communication. However, at present there are very few studies that have explored the behavior of individuals seeking earthquake risk information. Under the guidance of the Risk Information Seeking and Processing model as well as relevant practical findings using the structural equation model, this study attempts to explore the main determinants of an individual's earthquake risk information seeking behavior, and to validate the mediator effect of information need during the seeking process. A questionnaire-based survey of 918 valid respondents in Songyuan, China, who had been hit by a small earthquake swarm, was used to provide practical evidence for this study. Results indicated that information need played a noteworthy role in the earthquake risk information seeking process, and was detected both as an immediate predictor and as a mediator. Informational subjective norms drive the seeking behavior on earthquake risk information through both direct and indirect approaches. Perceived information gathering capacity, negative affective responses and risk perception have an indirect effect on earthquake risk information seeking behavior via information need. The implications for theory and practice regarding risk communication are discussed and concluded.
Uniform risk functionals for characterization of strong earthquake ground motions
International Nuclear Information System (INIS)
Anderson, J.G.; Trifunac, M.D.
A uniform risk functional (e.g., Fourier spectrum, response spectrum, duration, etc.) is defined so that the probability that it is exceeded by some earthquake during a selected period of time is independent of the frequency of seismic waves. Such a functional is derived by an independent calculation, at each frequency, for the probability that the quantity being considered will be exceeded. Different aspects of the seismicity can control the amplitude of a uniform risk functional in different frequency ranges, and a uniform risk functional does not necessarily describe the strong shaking from any single earthquake. To be useful for calculating uniform risk functionals, a scaling relationship must provide an independent estimate of amplitudes of the functional in several frequency bands. The scaling relationship of Trifunac (1976) for Fourier spectra satisfies this requirement and further describes the distribution of spectral amplitudes about the mean trend; here, it is applied to find uniform risk Fourier amplitude spectra. In an application to finding the uniform risk spectra at a realistic site, this method is quite sensitive to the description of seismicity. Distinct models of seismicity, all consistent with our current level of knowledge of an area, can give significantly different risk estimates
International Nuclear Information System (INIS)
Niehaus, F.; Novegno, A.
Risk assessment, including probabilistic analyses, has made great progress over the past decade. In spite of the inherent uncertainties it has now become possible to utilize methods and results for decision making at various levels. This paper will, therefore, review risk management in industrial installations, risk management for energy safety policy and prospects of risk management in highly industrialized areas. (orig.) [de
Geoethics and decision science issues in Japan's disaster management system: case study in the 2011 Tohoku earthquake and tsunami
Sugimoto, Megumi
The March 11, 2011 Tohoku earthquake and its tsunami killed 18,508 people, including the missing (National Police Agency report as of April 2014) and raise the Level 7 accident at TEPCO's Fukushima Dai-ichi nuclear power station in Japan. The problems revealed can be viewed as due to a combination of risk-management, risk-communication, and geoethics issues. Japan's preparations for earthquakes and tsunamis are based on the magnitude of the anticipated earthquake for each region. The government organization coordinating the estimation of anticipated earthquakes is the "Headquarters for Earthquake Research Promotion" (HERP), which is under the Ministry of Education, Culture, Sports, Science and Technology (MEXT). Japan's disaster mitigation system is depicted schematically as consisting of three layers: seismology, civil engineering, and disaster mitigation planning. This research explains students in geoscience should study geoethics as part of their education related Tohoku earthquake and the Level 7 accident at TEPCO's Fukushima Dai-ichi nuclear power station. Only when they become practicing professionals, they will be faced with real geoethical dilemmas. A crisis such as the 2011 earthquake, tsunami, and Fukushima Dai-ichi nuclear accident, will force many geoscientists to suddenly confront previously unanticipated geoethics and risk-communication issues. One hopes that previous training will help them to make appropriate decisions under stress. We name it "decision science".
Human Trafficking in Nepal: Post-Earthquake Risk and Response.
Gyawali, Bishal; Keeling, June; Kallestrup, Per
As Nepal mourns the 1-year commemoration of the April 2015 earthquake and its aftershocks that killed more than 8500 people and left thousands injured and displaced, other more hidden repercussions of the resultant chaotic environment need attention: the increased risk of human trafficking. Considering that natural disasters provide a milieu for this illicit trade, there is a need for a robust response from stakeholders such as donors, civil society organizations, and government organizations against human trafficking following disasters such as the Nepal earthquake. Responsibility to prevent and fight trafficking should be explicitly included in the mandate of relief and rehabilitation mechanisms set up at the national level to coordinate the disaster relief response, serving to support populations in both rural and urban areas. (Disaster Med Public Health Preparedness. 2017;11:153-154).
Significance of earthquake risk in nuclear power plant probabilistic risk assessments
International Nuclear Information System (INIS)
Sues, R.H.; Amico, P.J.; Campbell, R.D.
During the last eight years, approximately 25 utility-sponsored probabilistic risk assessments (PRAs) have been conducted for US nuclear reactors. Of these, ten have been published, seven of which have included complete seismic risk assessment. The results of the seven published PRAs are reviewed here in order to ascertain the significance of the risk due to earthquake initiating events. While PRA methodology has been in a state of development over the past seven years, and the results are subject to interpretation (as discussed in the paper), from the review conducted it is clear that earthquake-induced initiating events are important risk contributors. It is concluded that earthquake initiating events should not be dismissed, a priori, in any nuclear plant risk assessment. (orig.)
[Trust in organizations concerned with risks of the Great East Japan Earthquake].
Nakayachi, Kazuya; Kudo, Daisuke; Ozaki, Taku
This study investigated the levels of public trust in organizations associated with the Great East Japan Earthquake. In Study 1 (N = 639), the levels of trust in eight organizations as well as the determinants of trust--perceived salient value similarity (SVS), ability, and motivation--were measured twice, first immediately after the earthquake and then a year later. The results indicated that the trust levels for six of the eight organizations had been preserved, supporting the double asymmetric effect of trust. The results of structural equation modeling (SEM) revealed that SVS explained trust more when the organization had been less trusted. Trust in the organization explains well the perceived reduction of the target risk. The results of SEM in Study 2 (N = 1,030) replicated those of Study 1, suggesting the stability of the explanatory power of the determinants of trust. Implications of the study for risk management practices are discussed.
The Global Earthquake Model and Disaster Risk Reduction
Smolka, A. J.
Advanced, reliable and transparent tools and data to assess earthquake risk are inaccessible to most, especially in less developed regions of the world while few, if any, globally accepted standards currently allow a meaningful comparison of risk between places. The Global Earthquake Model (GEM) is a collaborative effort that aims to provide models, datasets and state-of-the-art tools for transparent assessment of earthquake hazard and risk. As part of this goal, GEM and its global network of collaborators have developed the OpenQuake engine (an open-source software for hazard and risk calculations), the OpenQuake platform (a web-based portal making GEM's resources and datasets freely available to all potential users), and a suite of tools to support modelers and other experts in the development of hazard, exposure and vulnerability models. These resources are being used extensively across the world in hazard and risk assessment, from individual practitioners to local and national institutions, and in regional projects to inform disaster risk reduction. Practical examples for how GEM is bridging the gap between science and disaster risk reduction are: - Several countries including Switzerland, Turkey, Italy, Ecuador, Papua-New Guinea and Taiwan (with more to follow) are computing national seismic hazard using the OpenQuake-engine. In some cases these results are used for the definition of actions in building codes. - Technical support, tools and data for the development of hazard, exposure, vulnerability and risk models for regional projects in South America and Sub-Saharan Africa. - Going beyond physical risk, GEM's scorecard approach evaluates local resilience by bringing together neighborhood/community leaders and the risk reduction community as a basis for designing risk reduction programs at various levels of geography. Actual case studies are Lalitpur in the Kathmandu Valley in Nepal and Quito/Ecuador. In agreement with GEM's collaborative approach, all
Ivanova, H.; Abramovich, S.
This article observes the basic recommendations for the risk management system in higher education as an example Yanka Kupala State University of Grodno. Consider the risk-management standard that based in a process approach
The article presents methodological ideas concerning the problem of risk management. Special attention is paid to increasing of enterprises' operating efficiency by means of risk-management system development in business organizations.
Simulation and monitoring tools to protect disaster management facilities against earthquakes
Saito, Taiki
The earthquakes that hit Kumamoto Prefecture in Japan on April 14 and 16, 2016 severely damaged over 180,000 houses, including over 8,000 that were completely destroyed and others that were partially damaged according to the Cabinet Office's report as of November 14, 2016 [1]. Following these earthquakes, other parts of the world have been struck by earthquakes including Italy and New Zealand as well as the central part of Tottori Prefecture in October, where the earthquake-induced collapse of buildings has led to severe damage and casualties. The earthquakes in Kumamoto Prefecture, in fact, damaged various disaster management facilities including Uto City Hall, which significantly hindered the city's evacuation and recovery operations. One of the most crucial issues in times of disaster is securing the functions of disaster management facilities such as city halls, hospitals and fire stations. To address this issue, seismic simulations are conducted on the East and the West buildings of Toyohashi City Hall using the analysis tool developed by the author, STERA_3D, with the data of the ground motion waveform prediction for the Nankai Trough earthquake provided by the Ministry of Land, Infrastructure, Transport and Tourism. As the result, it was found that the buildings have sufficient earthquake resistance. It turned out, however, that the west building is at risk for wall cracks or ceiling panel's collapse while in the east building, people would not be able to stand through the strong quakes of 7 on the seismic intensity scale and cabinets not secured to the floors or walls would fall over. Additionally, three IT strong-motion seismometers were installed in the city hall to continuously monitor vibrations. Every five minutes, the vibration data obtained by the seismometers are sent to the computers in Toyohashi University of Technology via the Internet for the analysis tools to run simulations in the cloud. If an earthquake strikes, it is able to use the results
Decision making biases in the communication of earthquake risk
Welsh, M. B.; Steacy, S.; Begg, S. H.; Navarro, D. J.
L'Aquila, with 6 scientists convicted of manslaughter, shocked the scientific community, leading to urgent re-appraisal of communication methods for low-probability, high-impact events. Before the trial, a commission investigating the earthquake recommended risk assessment be formalised via operational earthquake forecasts and that social scientists be enlisted to assist in developing communication strategies. Psychological research has identified numerous decision biases relevant to this, including hindsight bias, where people (after the fact) overestimate an event's predictability. This affects experts as well as naïve participants as it relates to their ability to construct a plausible causal story rather than the likelihood of the event. Another problem is availability, which causes overestimation of the likelihood of observed rare events due to their greater noteworthiness. This, however, is complicated by the 'description-experience' gap, whereby people underestimate probabilities for events they have not experienced. That is, people who have experienced strong earthquakes judge them more likely while those who have not judge them less likely - relative to actual probabilities. Finally, format changes alter people's decisions. That is people treat '1 in 10,000' as different from 0.01% despite their mathematical equivalence. Such effects fall under the broad term framing, which describes how different framings of the same event alter decisions. In particular, people's attitude to risk depends significantly on how scenarios are described. We examine the effect of biases on the communication of change in risk. South Australian participants gave responses to scenarios describing familiar (bushfire) or unfamiliar (earthquake) risks. While bushfires are rare in specific locations, significant fire events occur each year and are extensively covered. By comparison, our study location (Adelaide) last had a M5 quake in 1954. Preliminary results suggest the description
International Nuclear Information System (INIS)
Kloman, H.F.
The purpose of this paper is to bring together the ideas of those who currently practice the many different forms of risk management on a global basis. These forms include guidance of public policy on macro risks, risk financing and insurance for many larger commercial organizations, managing credit, currency and interest rate risks for financial institutions, plus other extensions of risk management including security, quality control, and quality assurance in a health-care environment
Incorporating human-triggered earthquake risks into energy and water policies
Klose, C. D.; Seeber, L.; Jacob, K. H.
A comprehensive understanding of earthquake risks in urbanized regions requires an accurate assessment of both urban vulnerabilities and hazards from earthquakes, including ones whose timing might be affected by human activities. Socioeconomic risks associated with human-triggered earthquakes are often misconstrued and receive little scientific, legal, and public attention. Worldwide, more than 200 damaging earthquakes, associated with industrialization and urbanization, were documented since the 20th century. Geomechanical pollution due to large-scale geoengineering activities can advance the clock of earthquakes, trigger new seismic events or even shot down natural background seismicity. Activities include mining, hydrocarbon production, fluid injections, water reservoir impoundments and deep-well geothermal energy production. This type of geohazard has impacts on human security on a regional and national level. Some planned or considered future engineering projects raise particularly strong concerns about triggered earthquakes, such as for instance, sequestration of carbon dioxide by injecting it deep underground and large-scale natural gas production in the Marcellus shale in the Appalacian basin. Worldwide examples of earthquakes are discussed, including their associated losses of human life and monetary losses (e.g., 1989 Newcastle and Volkershausen earthquakes, 2001 Killari earthquake, 2006 Basel earthquake, 2010 Wenchuan earthquake). An overview is given on global statistics of human-triggered earthquakes, including depths and time delay of triggering. Lastly, strategies are described, including risk mitigation measures such as urban planning adaptations and seismic hazard mapping.
Directory of Open Access Journals (Sweden)
Hilary Till
Full Text Available This article discusses the practical issues involved in applying a disciplined risk management methodology to commodity futures trading. Accordingly, the paper shows how to apply methodologies derived from both conventional asset management and hedge fund management to futures trading. The article also discusses some of the risk management issues that are unique to leveraged futures trading.
Certification and risk management
International Nuclear Information System (INIS)
Villanueva Fernandez, M.
Nowadays more organizations are increasingly aware of the importance of properly managing the uncertainty of its activities and build competitive advantages through the identification, assessment and management of risks that they face. Risk management is also an aspect of great importance within the new version of ISO fact it is one of the most innovative and also the most laborious, because an appropriate risk management achieves expected results and customer satisfaction. In conclusion, risk management is a new field of business and can be considered a cross-cutting component for other relevant factors of organizational change management. (Author)
Sghaier, W; Hergon, E; Desroches, A
Risk management is a fundamental component of any successful company, whether it is in economic, societal or environmental aspect. Risk management is an especially important activity for companies that optimal security challenge of products and services is great. This is the case especially for the health sector institutions. Risk management is therefore a decision support tool and a means to ensure the sustainability of an organization. In this context, what methods and approaches implemented to manage the risks? Through this state of the art, we are interested in the concept of risk and risk management processes. Then we focus on the different methods of risk management and the criteria for choosing among these methods. Finally we highlight the need to supplement these methods by a systemic and global approach including through risk assessment by the audits. Copyright © 2015 Elsevier Masson SAS. All rights reserved.
Moran, Alan
This work is the definitive guide for IT managers and agile practitioners. It elucidates the principles of agile risk management and how these relate to individual projects. Explained in clear and concise terms, this synthesis of project risk management and agile techniques is illustrated using the major methodologies such as XP, Scrum and DSDM.Although the agile community frequently cites risk management, research suggests that risk is often narrowly defined and, at best, implicitly treated, which in turn leads to an inability to make informed decisions concerning risk and reward and a poor u
Akhter, Waheed
Risk management is of vital importance in Islam and Takāful provides a way to manage risks in business according to Sharī'ah principles. This research paper attempts to identify various types of risks involved in Takāful business that affect operational and investment functions of Takāful operators across the globe. It lays down criteria for Takāful operator to manage those risks effectively. However, Takāful operators often face difficulty in managing market and credit risks as Sharī'ah comp...
Catalin-Florinel Stanescu; Laurentiu Mircea Simion
Concerns about the financial risk is increasing. In this climate, companies of all types and sizes want a robust framework for financial risk management to meet compliance requirements, contribute to better decision making and increase performance. Financial risk management professionals working with financial institutions and other corporate clients to achieve these objectives.
Vik, Marie Amdal
Master's thesis in Risk management The overall aim of this study was to discuss the validity of the hypothesis that risk management contributes with added value to projects and the enterprise holding the projects, and consequently to the enterprise's stakeholders. To examine this hypothesis, a case study of three projects taken from the same portfolio at Statoil was selected. The projects were said to have an active risk management. Data was collected from the project's documentation as...
Goodwin, Les
"The management of supply chain risk is crucial to any business, more so to Rolls Royce who face an almost doubling of load within the next 10 years. So what is supply chain risk management and how well is it deployed within an operational business of Rolls Royce? What are the tools and techniques available and what are the key issues around implementing world class supply chain risk management with a Supply Chain Unit within Rolls Royce?"
Christian Hollstein; Frank Himpel
Background: Supply chain risk management increasingly gains prominence in many international industries. In order to strengthen supply chain structures, processes, and networks, adequate potentials for risk management need to be built (focus on effective logistics) and to be utilized (focus on efficient logistics). Natural-based disasters, such as the case of Fukushima, illustrate how crucial risk management is. Method: By aligning a theoretical-conceptual framework with empirical-induct...
Exchange Risk Management Policy
At the Finance Committee of March 2005, following a comment by the CERN Audit Committee, the Chairman invited the Management to prepare a document on exchange risk management policy. The Finance Committee is invited to take note of this document.
Impact of Short-term Changes In Earthquake Hazard on Risk In Christchurch, New Zealand
Nyst, M.
The recent Mw 7.1, 4 September 2010 Darfield, and Mw 6.2, 22 February 2011 Christchurch, New Zealand earthquakes and the following aftershock activity completely changed the existing view on earthquake hazard of the Christchurch area. Not only have several faults been added to the New Zealand fault database, the main shocks were also followed by significant increases in seismicity due to high aftershock activity throughout the Christchurch region that is still on-going. Probabilistic seismic hazard assessment (PSHA) models take into account a stochastic event set, the full range of possible events that can cause damage or loss at a particular location. This allows insurance companies to look at their risk profiles via average annual losses (AAL) and loss-exceedance curves. The loss-exceedance curve is derived from the full suite of seismic events that could impact the insured exposure and plots the probability of exceeding a particular loss level over a certain period. Insurers manage their risk by focusing on a certain return period exceedance benchmark, typically between the 100 and 250 year return period loss level, and then reserve the amount of money needed to account for that return period loss level, their so called capacity. This component of risk management is not too sensitive to short-term changes in risk due to aftershock seismicity, as it is mostly dominated by longer-return period, larger magnitude, more damaging events. However, because the secondairy uncertainties are taken into account when calculating the exceedance probability, even the longer return period losses can still experience significant impact from the inclusion of time-dependent earthquake behavior. AAL is calculated by summing the product of the expected loss level and the annual rate for all events in the event set that cause damage or loss at a particular location. This relatively simple metric is an important factor in setting the annual premiums. By annualizing the expected losses
Identifying and Managing Risk.
Abraham, Janice M.
The role of the college or university chief financial officer in institutional risk management is (1) to identify risk (physical, casualty, fiscal, business, reputational, workplace safety, legal liability, employment practices, general liability), (2) to develop a campus plan to reduce and control risk, (3) to transfer risk, and (4) to track and…
International Nuclear Information System (INIS)
McGovern, S.
Launching of the first natural gas contract by the New York Mercantile Exchange (NYMEX) in April 1990 was a huge success which allowed natural gas to surpass crude oil as the most successful launch of any commodity contract. Despite this unprecedented initial success it must be kept in mind that in a competitive marketplace there are risks of many kinds (market risks, price risks, basis risks, currency risks and timing risks), that parties must deal with in everyday operations. The concept of risk management was defined, techniques and issues in risk management were explained, a glossary of fully explained industry terms, and basic financial tools most often used in risk management, were provided. 11 figs
Perspectives: Intellectual Risk Management
Hall, James C.
Ask a college administrator about students and risk management, and you're likely to get a quick and agitated speech about alcohol consumption and bad behavior or a meditation on mental health and campus safety. But in colleges and universities, we manage intellectual risk-taking too. Bring that up, and you'll probably get little out of that same…
Risk Management and Simulation
DEFF Research Database (Denmark)
Skovmand, David
Review of: Risk Management and Simulation / Aparna Gupta. Boca Raton, FL: CRC Press, 2013, xxix + 491 pp., $99.95(H), ISBN: 978-1-4398-3594-4.......Review of: Risk Management and Simulation / Aparna Gupta. Boca Raton, FL: CRC Press, 2013, xxix + 491 pp., $99.95(H), ISBN: 978-1-4398-3594-4....
DEFF Research Database (Denmark)
Lund, Mogens; Oksen, Arne; Larsen, Torben U.
A new model for risk management in agriculture is described in the paper. The risk model is constructed as a context dependent process, which includes four main phases. The model is aimed at agricultural advisors, who wish to facilitate and disseminate risk management to farmers. It is developed...... and tested by an action research approach in an attempt to make risk management more applicable on family farms. Our obtained experiences indicate that farmers don't apply probabilistic thinking and other concepts according to formal decision theory....
Safety (management and technology). Reality of anti-earthquake measures in chemical plants; Anzen (manejimento to tekunoroji). Kagaku kojo no jishin taisaku no jissai
Energy Technology Data Exchange (ETDEWEB)
Wataya, I. [Asahi Chemical Industry Co. Ltd., Osaka (Japan)
In Japan where there have been occurring many earthquakes, anti-earthquake measures is one of important things that corporations should take as risk management. In particular, in the chemical industry where a large amount of combustible materials, toxic materials and high-pressure gases are used which has high potential hazard, it is its social responsibility to prevent leakage, fires and explosions of those materials due to earthquakes, and to take in advance measures for minimizing damages if they happen. This paper introduces, as actual anti-earthquake measures, mainly the anti-earthquake measures for facilities and equipment and the plans of prevention of disasters by earthquake of the Kawasaki Plant of Asahi Kasei Co., Ltd. The points in anti-earthquake design are to determine design idea and anti-earthquake design standards based on the investigations into the locational conditions of plants, the evaluation of plant safety and estimation of damage at the time of earthquake; and to adopt a fail safe mechanism for operating a plant on the safe side in the event of earthquake in its design. 2 refs., 1 fig.
The management object in risk management approaches
Christiansen, Ulrik
Using a systematic review of the last 55 years of research within risk management this paper explores how risk management as a management technology (methodologies, tools and frameworks to mitigate or manage risks) singles out risks as an object for management in order to make action possible. The paper synthesise by developing a framework of how different views on risk management enable and constrain the knowledge about risk and thus frame the possibilities to measure, analyse an...
Individual Property Risk Management
Directory of Open Access Journals (Sweden)
Michael S. Finke
Full Text Available This paper reviews household property risk management and estimates normatively optimal choice under theoretical assumptions. Although risk retention limits are common in the financial planning industry, estimates of optimal risk retention that include both financial and human wealth far exceed limits commonly recommended. Households appear to frame property losses differently from other wealth losses leading to wealth-reducing, excess risk transfer. Possible theoretical explanations for excess sensitivity to loss are reviewed. Differences between observed and optimal risk management imply a large potential gain from improved choice.
Building Inventory Database on the Urban Scale Using GIS for Earthquake Risk Assessment
Kaplan, O.; Avdan, U.; Guney, Y.; Helvaci, C.
The majority of the existing buildings are not safe against earthquakes in most of the developing countries. Before a devastating earthquake, existing buildings need to be assessed and the vulnerable ones must be determined. Determining the seismic performance of existing buildings which is usually made with collecting the attributes of existing buildings, making the analysis and the necessary queries, and producing the result maps is very hard and complicated procedure that can be simplified with Geographic Information System (GIS). The aim of this study is to produce a building inventory database using GIS for assessing the earthquake risk of existing buildings. In this paper, a building inventory database for 310 buildings, located in Eskisehir, Turkey, was produced in order to assess the earthquake risk of the buildings. The results from this study show that 26% of the buildings have high earthquake risk, 33% of the buildings have medium earthquake risk and the 41% of the buildings have low earthquake risk. The produced building inventory database can be very useful especially for governments in dealing with the problem of determining seismically vulnerable buildings in the large existing building stocks. With the help of this kind of methods, determination of the buildings, which may collapse and cause life and property loss during a possible future earthquake, will be very quick, cheap and reliable.
Food, water, and fault lines: Remote sensing opportunities for earthquake-response management of agricultural water
International Nuclear Information System (INIS)
Rodriguez, Jenna; Ustin, Susan; Sandoval-Solis, Samuel; O'Geen, Anthony Toby
Earthquakes often cause destructive and unpredictable changes that can affect local hydrology (e.g. groundwater elevation or reduction) and thus disrupt land uses and human activities. Prolific agricultural regions overlie seismically active areas, emphasizing the importance to improve our understanding and monitoring of hydrologic and agricultural systems following a seismic event. A thorough data collection is necessary for adequate post-earthquake crop management response; however, the large spatial extent of earthquake's impact makes challenging the collection of robust data sets for identifying locations and magnitude of these impacts. Observing hydrologic responses to earthquakes is not a novel concept, yet there is a lack of methods and tools for assessing earthquake's impacts upon the regional hydrology and agricultural systems. The objective of this paper is to describe how remote sensing imagery, methods and tools allow detecting crop responses and damage incurred after earthquakes because a change in the regional hydrology. Many remote sensing datasets are long archived with extensive coverage and with well-documented methods to assess plant-water relations. We thus connect remote sensing of plant water relations to its utility in agriculture using a post-earthquake agrohydrologic remote sensing (PEARS) framework; specifically in agro-hydrologic relationships associated with recent earthquake events that will lead to improved water management. - Highlights: • Remote sensing to improve agricultural disaster management • Introduce post-earthquake agrohydrologic remote sensing (PEARS) framework • Apply PEARS framework to 2010 Maule Earthquake in Central Chile
Food, water, and fault lines: Remote sensing opportunities for earthquake-response management of agricultural water
Energy Technology Data Exchange (ETDEWEB)
Rodriguez, Jenna, E-mail: email@example.com; Ustin, Susan; Sandoval-Solis, Samuel; O' Geen, Anthony Toby
Earthquakes often cause destructive and unpredictable changes that can affect local hydrology (e.g. groundwater elevation or reduction) and thus disrupt land uses and human activities. Prolific agricultural regions overlie seismically active areas, emphasizing the importance to improve our understanding and monitoring of hydrologic and agricultural systems following a seismic event. A thorough data collection is necessary for adequate post-earthquake crop management response; however, the large spatial extent of earthquake's impact makes challenging the collection of robust data sets for identifying locations and magnitude of these impacts. Observing hydrologic responses to earthquakes is not a novel concept, yet there is a lack of methods and tools for assessing earthquake's impacts upon the regional hydrology and agricultural systems. The objective of this paper is to describe how remote sensing imagery, methods and tools allow detecting crop responses and damage incurred after earthquakes because a change in the regional hydrology. Many remote sensing datasets are long archived with extensive coverage and with well-documented methods to assess plant-water relations. We thus connect remote sensing of plant water relations to its utility in agriculture using a post-earthquake agrohydrologic remote sensing (PEARS) framework; specifically in agro-hydrologic relationships associated with recent earthquake events that will lead to improved water management. - Highlights: • Remote sensing to improve agricultural disaster management • Introduce post-earthquake agrohydrologic remote sensing (PEARS) framework • Apply PEARS framework to 2010 Maule Earthquake in Central Chile.
Necessity of management for minor earthquake to improve public acceptance of nuclear energy in South Korea
Directory of Open Access Journals (Sweden)
Hyun-Tae Choi
Full Text Available As public acceptance of nuclear energy in Korea worsens due to the Fukushima accident and the earthquakes that occurred in the Gyeongju area near the Wolsong nuclear power plant (NPP, estimating the effects of earthquakes has become more essential for the nuclear industry. Currently, most countermeasures against earthquakes are limited to large-scale disasters. Minor-scale earthquakes used to be ignored. Even though people do not feel the shaking due to minor earthquakes and minor earthquakes incur little damage to NPPs, they can change the environmental conditions, for instance, underground water level and the conductivity of the groundwater. This study conducted a questionnaire survey of residents living in the vicinity of an NPP to determine their perception and acceptance of plant safety against minor earthquakes. The results show that the residents feel earthquakes at levels that can be felt by people, but incur little damage to NPPs, as minor earthquakes (magnitude of 2.0–3.9 and set this level as a standard for countermeasures. Even if a minor earthquake has little impact on the safety of an NPP, there is still a possibility that public opinion will get worse. This study provides analysis results about problems of earthquake measures of Korean NPPs and specific things that can bring about an effect of deterioration of public acceptance. Based on these data, this article suggests that active management of minor earthquakes is necessary for the sustainability of nuclear energy. Keywords: Earthquake Measures, Management, Minor Earthquake, Nuclear Energy, Public Acceptance
International Nuclear Information System (INIS)
Kindred, G.W.
Commercial nuclear power plant management is focussed on the safe, efficient, economical production of electricity. To accomplish the safe aspect of the equation, risk must be determined for the operation and maintenance of the facility. To accomplish the efficient aspect of the equation, management must understand those risks and factor risk insights into their decision process. The final piece of the equation is economical which is accomplished by minimizing, plant outage durations and proper utilization of resources. Probabilistic Risk Assessment can provide the risk insights to accomplish all three; safety, efficiency, and economically. How? Safe production of electricity can be quantified by use of PRA modeling and other risk insights that can determine the core damage frequency. Efficient production of electricity can be influenced by providing management with quantified risk insights for use in decision making. And, one example of economical production of electricity is by not having over conservative deterministic based defense in depth approaches to system maintenance and availability. By using risk-informed insights nuclear safety can be quantified and risk can be managed. Confidence in this approach can be achieved by ensuring the content and quality of the PRA is standardized throughout the industry. The time has arrived for Probabilistic Risk Assessment to take an active position as a major role player in the safe, efficient, and economical operation of commercial nuclear power plants. (author)
Internal Audit and Risk Management
Constantin Nicolae Vasile; Alexandru Georgiana
Internal audit and risk management have the same goal: the control of risk. There are various roles for the internal audit in respect of risk management. The main limitations of internal audit in respect of risk management regards assuming risk management tasks. One of the main issues regarding risk management is to make sure that the key risks are taken into consideration and that the management and the board of the organization take action as needed. Internal audit could give advice to mana...
Change of Japanese risk perception after Tohoku earthquake March 11, 2011
International Nuclear Information System (INIS)
Nakajima, Reiko
The present study reports change of Japanese risk perception based on the results of national surveys carried out in 2010 and 2011. Major earthquake and nuclear power plant risk items were perceived much more serious, while other risks such as global warming, illicit drugs, terrorism were perceiver less serious, after Tohoku earthquake. Anxiety about radiological material was differently according to the distance from the Fukushima No. 1 nuclear power plant. (author)
Overview of the critical disaster management challenges faced during Van 2011 earthquakes.
Tolon, Mert; Yazgan, Ufuk; Ural, Derin N; Goss, Kay C
On October 23, 2011, a M7.2 earthquake caused damage in a widespread area in the Van province located in eastern Turkey. This strong earthquake was followed by a M5.7 earthquake on November 9, 2011. This sequence of damaging earthquakes led to 644 fatalities. The management during and after these earthquake disaster imposed many critical challenges. In this article, an overview of these challenges is presented based on the observations by the authors in the aftermath of this disaster. This article presents the characteristics of 2011 Van earthquakes. Afterward, the key information related to the four main phases (ie, preparedness, mitigation, response, and recovery) of the disaster in Van is presented. The potential strategies that can be taken to improve the disaster management practice are identified, and a set of recommendations are proposed to improve the existing situation.
Risk assessment study of fire following earthquake: a case study of petrochemical enterprises in China
Li, J.; Wang, Y.; Chen, H.; Lin, L.
After an earthquake, the fire risk of petrochemistry enterprises is higher than that of other enterprises as it involves production processes with inflammable and explosive characteristics. Using Chinese petrochemical enterprises as the research object, this paper uses a literature review and case summaries to study, amongst others, the classification of petrochemical enterprises, the proportion of daily fires, and fire loss ratio. This paper builds a fire following earthquake risk assessment model of petrochemical enterprises based on a previous earthquake fire hazard model, and the earthquake loss prediction assessment method, calculates the expected loss of the fire following earthquake in various counties and draws a risk map. Moreover, this research identifies high-risk areas, concentrating on the Beijing-Tianjin-Tangshan region, and Shandong, Jiangsu, and Zhejiang provinces. Differences in enterprise type produce different levels and distribution of petrochemical enterprises earthquake fire risk. Furthermore, areas at high risk of post-earthquake fires and with low levels of seismic fortification require extra attention to ensure appropriate mechanisms are in place.
Risk assessment study of fire following an earthquake: a case study of petrochemical enterprises in China
Li, J.; Wang, Y.; Chen, H.; Lin, L.
After an earthquake, the fire risk of petrochemical enterprises is higher than that of other enterprises as it involves production processes with inflammable and explosive characteristics. Using Chinese petrochemical enterprises as the research object, this paper uses a literature review and case summaries to study, amongst others, the classification of petrochemical enterprises, the proportion of daily fires, and fire loss ratio. This paper builds a fire following an earthquake risk assessment model of petrochemical enterprises based on a previous earthquake fire hazard model, and the earthquake loss prediction assessment method, calculates the expected loss of the fire following an earthquake in various counties and draws a risk map. Moreover, this research identifies high-risk areas, concentrating on the Beijing-Tianjin-Tangshan region, and Shandong, Jiangsu, and Zhejiang provinces. Differences in enterprise type produce different levels and distribution of petrochemical enterprise earthquake fire risk. Furthermore, areas at high risk of post-earthquake fires and with low levels of seismic fortification require extra attention to ensure appropriate mechanisms are in place.
RMP implements Section 112(r) of the 1990 Clean Air Act amendments, and requires facilities that use extremely hazardous substances to develop a Risk Management Plan and revise/resubmit every five years. Find guidance, factsheets, training, and assistance.
Scenario-based earthquake hazard and risk assessment for Baku (Azerbaijan
Directory of Open Access Journals (Sweden)
G. Babayev
Full Text Available A rapid growth of population, intensive civil and industrial building, land and water instabilities (e.g. landslides, significant underground water level fluctuations, and the lack of public awareness regarding seismic hazard contribute to the increase of vulnerability of Baku (the capital city of the Republic of Azerbaijan to earthquakes. In this study, we assess an earthquake risk in the city determined as a convolution of seismic hazard (in terms of the surface peak ground acceleration, PGA, vulnerability (due to building construction fragility, population features, the gross domestic product per capita, and landslide's occurrence, and exposure of infrastructure and critical facilities. The earthquake risk assessment provides useful information to identify the factors influencing the risk. A deterministic seismic hazard for Baku is analysed for four earthquake scenarios: near, far, local, and extreme events. The seismic hazard models demonstrate the level of ground shaking in the city: PGA high values are predicted in the southern coastal and north-eastern parts of the city and in some parts of the downtown. The PGA attains its maximal values for the local and extreme earthquake scenarios. We show that the quality of buildings and the probability of their damage, the distribution of urban population, exposure, and the pattern of peak ground acceleration contribute to the seismic risk, meanwhile the vulnerability factors play a more prominent role for all earthquake scenarios. Our results can allow elaborating strategic countermeasure plans for the earthquake risk mitigation in the Baku city.
Making Risk Management Strategic
DEFF Research Database (Denmark)
Sax, Johanna; Andersen, Torben Juul
Enterprise risk management (ERM) is an established management practice and is increasing in prominence as more firms spend substantial resources implementing ERM frameworks, partially induced by regulatory requirements. Yet, there is a lack of knowledge as to whether such frameworks add value and...... outcomes. The study develops a new multidimensional measure of adherence to ERM practices where earlier studies typically have relied on dichotomous proxies. We discuss the implications of these findings for ERM practice and strategic management in general....
Governmental management of chemical risk
International Nuclear Information System (INIS)
Zimmerman, R.
This book is organized under the following headings: risk management in the government context; legal and regulatory decrees and directives for managing chemical risk; incentive-based approaches for regulating risk; risk management in the federal system; and traditional approaches and new initiatives for managing chemical risk
Risk management versus incentives
International Nuclear Information System (INIS)
Aven, E.; Lovas, K.; Osmundsen, P.
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 perspective, this constitutes part of the balancing between centralisation and decentralisation. This article covers important elements of risk management and incentive design. It goes on to discuss the balancing of overall risk management at the group level and incentive design in profit centres and corporate units. Throughout the article, the oil industry serves as a case. (author)
International Nuclear Information System (INIS)
Briscoe, G.J.
Risk management requires an assessment or a knowledge of risk. This, in turn, requires identification of hazards (sources of risk) and a determination of risk (evaluation of the hazard degree). The hazard identification and risk analysis techniques presented in this Guide are, in general, based on the MORT concept that accidents result from unwanted energy flow in the absence of adequate controls and/or barriers. This Guide presents an analytical tree designed to prevent oversight of specific energy sources in risk identification. Hazard identification by field personnel is also discussed. Quantitative risk analysis is discussed in the following section. A method for summary of the risks for each energy classification is given. This method uses a graphical log-normal projection so that low probability events, which are not adequately represented in the experience data, are included in the risk assessment. This permits a more acceptable risk assessment since catastrophes are not ignored, even though the actual risk is only approximated. In addition, a few examples of risk analysis of specific hazards are given. Rudimentary probability and fault tree theory are used in these examples. Total risk assessment and resource allocation and safety performance trend analysis are discussed
The 2016 Kumamoto Earthquakes: Cascading Geological Hazards and Compounding Risks
Directory of Open Access Journals (Sweden)
Katsuichiro Goda
Full Text Available A sequence of two strike-slip earthquakes occurred on 14 and 16 April 2016 in the intraplate region of Kyushu Island, Japan, apart from subduction zones, and caused significant damage and disruption to the Kumamoto region. The analyses of regional seismic catalog and available strong motion recordings reveal striking characteristics of the events, such as migrating seismicity, earthquake surface rupture, and major foreshock-mainshock earthquake sequences. To gain valuable lessons from the events, a UK Earthquake Engineering Field Investigation Team (EEFIT was dispatched to Kumamoto, and earthquake damage surveys were conducted to relate observed earthquake characteristics to building and infrastructure damage caused by the earthquakes. The lessons learnt from the reconnaissance mission have important implications on current seismic design practice regarding the required seismic resistance of structures under multiple shocks and the seismic design of infrastructure subject to large ground deformation. The observations also highlight the consequences of cascading geological hazards on community resilience. To share the gathered damage data widely, geo-tagged photos are organized using Google Earth and the kmz file is made publicly available.
Environmental risk evaluation to minimize impacts within the area affected by the Wenchuan earthquake
International Nuclear Information System (INIS)
Du, Pengfei; Chen, Jining; Chen, Chao; Liu, Yi; Liu, Jianguo; Wang, Hongtao; Zhang, Xiaojian
Earthquakes can be devastating to built infrastructure and the natural environment, as evidenced by the March 2011, M = 9.0 earthquake, and subsequent tsunami, in Japan. As seen in the Japanese event, environmental damage caused by secondary disasters (tsunami, leakage from a nuclear reactor) can equal or exceed the impacts of the primary event. In order to develop an environmental assessment system to examine secondary disasters, a comprehensive environmental impact evaluation was conducted after the Wenchuan earthquake that occurred on 12 May 2008 in the Sichuan Province, China. This evaluation focused on several key environmental elements such as wastewater, drinking water, soil, solid waste, radiation, and ecosystem-level effects. As part of this assessment, an analysis of root causes and potential solutions was conducted for key issues such as population relocation and resettlement in temporary dwellings, recovery of environmental protection functions, industrial development strategies and production recovery. Methods for post-quake environmental assessment were developed, utilizing GIS-based techniques for spatial evaluation of primary and secondary disaster patterns. The goal of this exercise was the development of effective assessment methods that can be rapidly applied in a post-disaster situation to reduce and mitigate damage caused by secondary disasters, and facilitate the recovery of impaired environmental management structure and function. - Highlights: ► A comprehensive post-quake environmental risk evaluation system was developed. ► The research identifies potential long-term environmental risks in many aspects. ► The research analyzes potential solutions for many typical post-disaster issues. ► Effective assessment methods can be applied in a post-disaster situation to reduce damage caused by secondary disasters.
Environmental risk evaluation to minimize impacts within the area affected by the Wenchuan earthquake
Energy Technology Data Exchange (ETDEWEB)
Du, Pengfei, E-mail: email@example.com; Chen, Jining, E-mail: email@example.com; Chen, Chao, E-mail: email@example.com; Liu, Yi, E-mail: firstname.lastname@example.com; Liu, Jianguo, E-mail: firstname.lastname@example.com; Wang, Hongtao, E-mail: firstname.lastname@example.com; Zhang, Xiaojian, E-mail: email@example.com
Earthquakes can be devastating to built infrastructure and the natural environment, as evidenced by the March 2011, M = 9.0 earthquake, and subsequent tsunami, in Japan. As seen in the Japanese event, environmental damage caused by secondary disasters (tsunami, leakage from a nuclear reactor) can equal or exceed the impacts of the primary event. In order to develop an environmental assessment system to examine secondary disasters, a comprehensive environmental impact evaluation was conducted after the Wenchuan earthquake that occurred on 12 May 2008 in the Sichuan Province, China. This evaluation focused on several key environmental elements such as wastewater, drinking water, soil, solid waste, radiation, and ecosystem-level effects. As part of this assessment, an analysis of root causes and potential solutions was conducted for key issues such as population relocation and resettlement in temporary dwellings, recovery of environmental protection functions, industrial development strategies and production recovery. Methods for post-quake environmental assessment were developed, utilizing GIS-based techniques for spatial evaluation of primary and secondary disaster patterns. The goal of this exercise was the development of effective assessment methods that can be rapidly applied in a post-disaster situation to reduce and mitigate damage caused by secondary disasters, and facilitate the recovery of impaired environmental management structure and function. - Highlights: Black-Right-Pointing-Pointer A comprehensive post-quake environmental risk evaluation system was developed. Black-Right-Pointing-Pointer The research identifies potential long-term environmental risks in many aspects. Black-Right-Pointing-Pointer The research analyzes potential solutions for many typical post-disaster issues. Black-Right-Pointing-Pointer Effective assessment methods can be applied in a post-disaster situation to reduce damage caused by secondary disasters.
DEFF Research Database (Denmark)
Andersen, Torben Juul; Garvey, Maxine; Roggi, Oliviero
outcomes. This topic is timely and of interest both to the academic community as well as to practicing managers, executives, and directors. The volume focuses on contemporary risk leadership issues based on recent research insights but avoids excessive technical language and mathematical formulas. The book...... is framed around the challenges imposed on executives and directors in dealing with an increasingly complex and unpredictable world. This requires a new risk leadership focus that not only avoids the downside risks but also considers ways to exploit the upside potential offered by a dynamic environment....... The underlying logic is built on the principles of financial economics where benefits derive from reducing bankruptcy costs and increasing future cash inflows. This provides a stringent framework for analyzing the effect of different risk management actions and behaviors in effective risk-taking organizations...
GIS Based System for Post-Earthquake Crisis Managment Using Cellular Network
Raeesi, M.; Sadeghi-Niaraki, A.
Earthquakes are among the most destructive natural disasters. Earthquakes happen mainly near the edges of tectonic plates, but they may happen just about anywhere. Earthquakes cannot be predicted. Quick response after disasters, like earthquake, decreases loss of life and costs. Massive earthquakes often cause structures to collapse, trapping victims under dense rubble for long periods of time. After the earthquake and destroyed some areas, several teams are sent to find the location of the destroyed areas. The search and rescue phase usually is maintained for many days. Time reduction for surviving people is very important. A Geographical Information System (GIS) can be used for decreasing response time and management in critical situations. Position estimation in short period of time time is important. This paper proposes a GIS based system for post-earthquake disaster management solution. This system relies on several mobile positioning methods such as cell-ID and TA method, signal strength method, angel of arrival method, time of arrival method and time difference of arrival method. For quick positioning, the system can be helped by any person who has a mobile device. After positioning and specifying the critical points, the points are sent to a central site for managing the procedure of quick response for helping. This solution establishes a quick way to manage the post-earthquake crisis.
Directory of Open Access Journals (Sweden)
M. Raeesi
Full Text Available Earthquakes are among the most destructive natural disasters. Earthquakes happen mainly near the edges of tectonic plates, but they may happen just about anywhere. Earthquakes cannot be predicted. Quick response after disasters, like earthquake, decreases loss of life and costs. Massive earthquakes often cause structures to collapse, trapping victims under dense rubble for long periods of time. After the earthquake and destroyed some areas, several teams are sent to find the location of the destroyed areas. The search and rescue phase usually is maintained for many days. Time reduction for surviving people is very important. A Geographical Information System (GIS can be used for decreasing response time and management in critical situations. Position estimation in short period of time time is important. This paper proposes a GIS based system for post–earthquake disaster management solution. This system relies on several mobile positioning methods such as cell-ID and TA method, signal strength method, angel of arrival method, time of arrival method and time difference of arrival method. For quick positioning, the system can be helped by any person who has a mobile device. After positioning and specifying the critical points, the points are sent to a central site for managing the procedure of quick response for helping. This solution establishes a quick way to manage the post–earthquake crisis.
Williams, Martin L
Rather than attempt to provide a comprehensive account of air quality risk assessment, as might be found in a textbook or manual, this article discusses some issues that are of current importance in the United Kingdom and the rest of Europe, with special emphasis on risk assessment in the context of policy formulation, and emerging scientific knowledge. There are two pollutants of particular concern and that both pose challenges for risk assessment and policy, and they are particulate matter (PM) and ozone. The article describes some issues for health risk assessment and finally some forward-looking suggestions for future approaches to air quality management.
International Nuclear Information System (INIS)
Rudd, D.C.
Issues regarding the management of financial risks in the electric power market were discussed. The nature of the risk was defined for electricity producers, local utilities, traders/dealers, and brokers, each of which are exposed to different types of risks with the exception of credit risk, which is common to all. The main features of options, swaps, CFDs, bilateral financial contracts, futures contracts and the terms of the NYMEX electricity contract were outlined. Basic derivative strategies, the role of the broker, the elements of emissions trading, and trading strategies for consumers were also explained. 3 fig
International Nuclear Information System (INIS)
Hubert, P.
The need to control the risk from ionizing radiation can be tracked back to the eve of the twentieth century. However, as knowledge improved and practices expanded, the approaches to this control have evolved. No longer is the mere respect of some forms of exposure limits or safety related standards sufficient. Rather, it is widely admitted that there is a need for managing radiation risk, both by balancing the advantages and disadvantages of enhancing protection and by setting up a proper organization that allows handling of the risk. This paper describes the multiple aspects of radiation risk management and points out the main related issues. It critically analyzes ALARA and ICRP recommendations. 74 refs, 8 figs, 5 tabs
Managing Chemical & Material Risks
Certification Program Acquisition, Technology and Logistics 9 DoD Hexavalent Chromium Risk Reduction Non- Chrome Primer II EXAVAJ ENT CHROM lrUMI...Royal Demolition eXplosive (RDX) • Cyclotrimethylenetrinitramine Hexavalent Chromium (Cr6+) Naphthalene …pending downgrade to watch list Beryllium...T1me (secondo) 700 Acquisition, Technology and Logistics 10 Hexavalent Chromium Risk Management Actions • DoD minimization policy signed April
International Nuclear Information System (INIS)
Hesser, W.A.; Stillwell, W.G.; Rutherford, W.A.
Clearly, there is sufficient motivation from Washington for the Hanford community to pay particular attention to the risks associated with the substantial volumes of radiological, hazardous, and mixed waste at Hanford. But there is also another reason for emphasizing risk: Hanford leaders have come to realize that their decisions must consider risk and risk reduction if those decisions are to be technically sound, financially affordable, and publicly acceptable. The 560-square miles of desert land is worth only a few thousand dollars an acre (if that) -- hardly enough to justify the almost two billion dollars that will be spent at Hanford this year. The benefit of cleaning up the Hanford Site is not the land but the reduction of potential risk to the public and the environment for future generations. If risk reduction is our ultimate goal, decisions about priority of effort and resource allocation must consider those risks, now and in the future. The purpose of this paper is to describe how Hanford is addressing the issues of risk assessment, risk management, and risk-based decision making and to share some of our experiences in these areas
Investigation of risk management auditing
International Nuclear Information System (INIS)
Cao Lu
2004, COSO published 'Enterprise Risk Management Framework', 2009, SASAC issued the 'central enterprise-wide risk management guidelines' to promote risk management within the formal state-owned enterprises in medium and large. Nuclear Group, which risk management in all branches to carry out the project homeopathic, and A Ⅱ will carry out risk management program as the first unit has accumulated more experience. This article from the perspective of internal control, based on the company's risk management practices carried out to try for the nuclear power enterprise risk management audit to describe and propose new ideas. Which expounds the significance of risk management, audit, risk management audit of the ways and means, for practical application of risk management audit of a representative summary of the issues and the ways and means to solve the problem of forward-looking recommendations. (authors)
DEFF Research Database (Denmark)
Andersen, Torben Juul; Garvey, Maxine; Roggi, Oliviero
outcomes. This topic is timely and of interest both to the academic community as well as to practicing managers, executives, and directors. The volume focuses on contemporary risk leadership issues based on recent research insights but avoids excessive technical language and mathematical formulas. The book...... is framed around the challenges imposed on executives and directors in dealing with an increasingly complex and unpredictable world. This requires a new risk leadership focus that not only avoids the downside risks but also considers ways to exploit the upside potential offered by a dynamic environment...
Risk management in customs control
Drobot, Elena; Klevleeva, Aziza
The particularities of risk-management system implementation within customs control are discussed in the article. The authors single out the elements of risk-management system, evaluate effectiveness of risk-management in customs control. The main reasons for non-implementation of risk-management system in customs control are described, as well. Particular attention is paid to the benefits of customs risk management.
Risk management in nuclear projects
International Nuclear Information System (INIS)
Salles, Claudio J.R.
The risk management will be defined by different aspects: danger or loss possibility, or responsibility for damage. The risk management is one stage of project management. The risk management is a continuous process of planning, identification, quantification, answer and risk control to maximize the success potential of activity. The reduction of risk is part of priority establishment. This work will indicate how introduce this important instrument in the management of nuclear projects. (author)
The Management Object in Risk Management Approaches
DEFF Research Database (Denmark)
Christiansen, Ulrik
Using a systematic review of the last 55 years of research within risk management this paper explores how risk management as a management technology (methodologies, tools and frameworks to mitigate or manage risks) singles out risks as an object for management in order to make action possible....... The paper synthesise by developing a framework of how different views on risk management enable and constrain the knowledge about risk and thus frame the possibilities to measure, analyse and calculate uncertainty and risk. Inspired by social studies of finance and accounting, the paper finally develops...... three propositions that illustrate how the framing of risk establishes a boundary for how managers might understand value creation and the possible future and how this impacts the possible responses to risk....
Directory of Open Access Journals (Sweden)
Nina I. Frolova
Full Text Available Earthquake loss estimations before future events and following strong earthquakesin emergency mode and their corresponding visualization are extremely important for properdecision on preventive measures and effective response in order to save lives and properties. The paper addresses the methodological issues of seismic risk and vulnerability assessment, mapping with GIS technology application. Requirements for simulation models,databases used at different levels, as well as ways of visualizations oriented for EmergencyManagement Agencies, as well federal and local authorities are discussed. Examples ofmapping at the different levels: global, country, region and urban one are given and theinfluence of input data uncertainties on the reliability of loss computations is analyzed.
Baseline geophysical data for hazard management in coastal areas in relation to earthquakes and tsunamis
Digital Repository Service at National Institute of Oceanography (India)
Murthy, K.S.R.
is another factor for some of the intraplate earthquakes in the South Indian Shield, which includes the Eastern and Western Continental Margins of India. Baseline geophysical data for hazard management in coastal areas in relation to earthquakes... surge. Keywords Hazard management, marine geophysical data, geomorphology and tsunami surge, coastal seismicity Date received: 7 August 2015; accepted: 15 October 2015 CSIR – National Institute of Oceanography, Visakhapatnam, India Corresponding author...
Continuous Risk Management: An Overview
Rosenberg, Linda; Hammer, Theodore F.
Software risk management is important because it helps avoid disasters, rework, and overkill, but more importantly because it stimulates win-win situations. The objectives of software risk management are to identify, address, and eliminate software risk items before they become threats to success or major sources of rework. In general, good project managers are also good managers of risk. It makes good business sense for all software development projects to incorporate risk management as part of project management. The Software Assurance Technology Center (SATC) at NASA GSFC has been tasked with the responsibility for developing and teaching a systems level course for risk management that provides information on how to implement risk management. The course was developed in conjunction with the Software Engineering Institute at Carnegie Mellon University, then tailored to the NASA systems community. This is an introductory tutorial to continuous risk management based on this course. The rational for continuous risk management and how it is incorporated into project management are discussed. The risk management structure of six functions is discussed in sufficient depth for managers to understand what is involved in risk management and how it is implemented. These functions include: (1) Identify the risks in a specific format; (2) Analyze the risk probability, impact/severity, and timeframe; (3) Plan the approach; (4) Track the risk through data compilation and analysis; (5) Control and monitor the risk; (6) Communicate and document the process and decisions.
Earthquake Early Warning Management based on Client-Server using Primary Wave data from Vibrating Sensor
Laumal, F. E.; Nope, K. B. N.; Peli, Y. S.
Early warning is a warning mechanism before an actual incident occurs, can be implemented on natural events such as tsunamis or earthquakes. Earthquakes are classified in tectonic and volcanic types depend on the source and nature. The tremor in the form of energy propagates in all directions as Primary and Secondary waves. Primary wave as initial earthquake vibrations propagates longitudinally, while the secondary wave propagates like as a sinusoidal wave after Primary, destructive and as a real earthquake. To process the primary vibration data captured by the earthquake sensor, a network management required client computer to receives primary data from sensors, authenticate and forward to a server computer to set up an early warning system. With the water propagation concept, a method of early warning system has been determined in which some sensors are located on the same line, sending initial vibrations as primary data on the same scale and the server recommended to the alarm sound as an early warning.
Risk Perception and Economic Value Of Disaster Mitigation Case of Bantul Post Earthquake May 2006
Directory of Open Access Journals (Sweden)
Full Text Available This study aims to obtain empirical evidence of disaster mitigation in Bantul, Indonesia. The expected utility theory and impact of regional characteristics on individual perceptions was used to describe the disaster risk management process. The regional mapping based on hazard level was conducted by a Geographical Information System (GIS. Data used in this research were primary and secondary data. Primary data were obtained by distributing questionnaire to some respondents. Sample amounts used were 395 respondents. The research empirical contribution was to economic valuation method used towards safety and efforts to link regional characteristics, individual perception and also their willingness to conduct mitigation. The research practical contribution was to identify some key obstacles in disaster risk management. Based on multiple regression analysis, this study found that educational level, risk aversion degree, trust towards earthquake resistant building, control ability, income level, classification of hazard area contributes to higher Willingness To Pay (WTP for mitigation. It also found that perception towards central governmental roles variable did not affect to WTP for mitigation. However, the income levels of the communities in Bantul positively correspond to WTP for mitigation suggesting that the findings were consistent with the expected utility theory.
Information Risk Management and Resilience
Dynes, Scott
Are the levels of information risk management efforts within and between firms correlated with the resilience of the firms to information disruptions? This paper examines the question by considering the results of field studies of information risk management practices at organizations and in supply chains. The organizations investigated differ greatly in the degree of coupling from a general and information risk management standpoint, as well as in the levels of internal awareness and activity regarding information risk management. The comparison of the levels of information risk management in the firms and their actual or inferred resilience indicates that a formal information risk management approach is not necessary for resilience in certain sectors.
International Nuclear Information System (INIS)
This paper gives the list of contributions to Eurosafe 2001 which was organised around two round tables on the first day and five seminars on the second day. The first round table dealt with the technical, organisational and societal aspects of risk management aimed at the prevention of accidents in nuclear power plants. The second round table focused on radiological risks from the normal operation of nuclear installations. Special consideration has been given to the involvement of stakeholders. The five seminars were held in order to provide opportunities for comparing experiences and learning about recent activities of IRSN, GRS and their partners in the European Union and Eastern Europe: - Safety assessment and analysis of nuclear installations; -Nuclear safety research; -Environment and radiation protection; - Waste management; - Nuclear material security. (author)
Energy Technology Data Exchange (ETDEWEB)
This paper gives the list of contributions to Eurosafe 2001 which was organised around two round tables on the first day and five seminars on the second day. The first round table dealt with the technical, organisational and societal aspects of risk management aimed at the prevention of accidents in nuclear power plants. The second round table focused on radiological risks from the normal operation of nuclear installations. Special consideration has been given to the involvement of stakeholders. The five seminars were held in order to provide opportunities for comparing experiences and learning about recent activities of IRSN, GRS and their partners in the European Union and Eastern Europe: - Safety assessment and analysis of nuclear installations; -Nuclear safety research; -Environment and radiation protection; - Waste management; - Nuclear material security. (author)
Credit risk management in banks
Pětníková, Tereza
The subject of this diploma thesis is managing credit risk in banks, as the most significant risk faced by banks. The aim of this work is to define the basic techniques, tools and methods that are used by banks to manage credit risk. The first part of this work focuses on defining these procedures and describes the entire process of credit risk management, from the definition of credit risk, describing credit strategy and policy, organizational structure, defining the most used credit risk mi...
The risk communication using the special website of the society of risk analysis for the Great East Japan Earthquake
International Nuclear Information System (INIS)
Tsubokawa, Hiroaki; Nagasaka, Toshinari; Sunaga, Yohei; Lee, Taiyoung; Taguchi, Hitoshi; Usuda, Yuichiro
The Society for Risk Analysis Japan built the special website that reply to the people who are concerning the risk related to the Great East Japan Earthquake occurred on March 11, 2011. Although, there were many risk communication activities between the specialists of the risk research and citizens on the website, there are some significant problems for the risk communication using the website. This report summarizes the result of our activity. (author)
Current Chemical Risk Management Activities
EPA's existing chemicals programs address pollution prevention, risk assessment, hazard and exposure assessment and/or characterization, and risk management for chemicals substances in commercial use.
Managing Complex Environmental Risks
Energy Technology Data Exchange (ETDEWEB)
Karlsson, Mikael [Karlstad Univ. (Sweden). Dept. of Environmental Sciences
Environmental and public health risks are often handled in a process in which experts, and sometimes policy makers, try their best to quantitatively assess, evaluate and manage risks. This approach harmonises with mainstream interpretations of sustainable development, which aim at defining a desirable relationship between human and natural systems, for instance by policies that define limit values of different forms of disturbances. However, under conditions of high scientific incertitude, diverging values and distrust, this approach is far from satisfactory. The use of cell phones, hazardous chemicals, nuclear or fossil energy systems, and modern biotechnology are examples of activities causing such risks with high complexity. Against this background, a complementary interpretation of the concept of sustainable development is suggested. This interpretation is operationalised through new formulations of three common principles for public risk management; the precautionary principle, the polluter pays principle and the principle of public participation. Implementation of these reformulated principles would challenge some foundations of present mainstream views on environmental decision-making, but would on the other hand contribute to improved practices for long-term human welfare and planetary survival (full text of contribution)
Managing Complex Environmental Risks
International Nuclear Information System (INIS)
Karlsson, Mikael
Environmental and public health risks are often handled in a process in which experts, and sometimes policy makers, try their best to quantitatively assess, evaluate and manage risks. This approach harmonises with mainstream interpretations of sustainable development, which aim at defining a desirable relationship between human and natural systems, for instance by policies that define limit values of different forms of disturbances. However, under conditions of high scientific incertitude, diverging values and distrust, this approach is far from satisfactory. The use of cell phones, hazardous chemicals, nuclear or fossil energy systems, and modern biotechnology are examples of activities causing such risks with high complexity. Against this background, a complementary interpretation of the concept of sustainable development is suggested. This interpretation is operationalised through new formulations of three common principles for public risk management; the precautionary principle, the polluter pays principle and the principle of public participation. Implementation of these reformulated principles would challenge some foundations of present mainstream views on environmental decision-making, but would on the other hand contribute to improved practices for long-term human welfare and planetary survival (full text of contribution)
Brief communication "Fast-track earthquake risk assessment for selected urban areas in Turkey"
Directory of Open Access Journals (Sweden)
D. Kepekci
Full Text Available This study is presented as a contribution to earthquake disaster mitigation studies for selected cities in Turkey. The risk evaluations must be based on earthquake hazard analysis and city information. To estimate the ground motion level, data for earthquakes with a magnitude greater than 4.5 and an epicenter location within a 100-km radius of each city were used for the period from 1900 to 2006, as recorded at the Kandilli Observatory and Earthquake Research Institute. Probabilistic seismic hazard analysis for each city was carried out using Poisson probabilistic approaches. Ground motion level was estimated as the probability of a given degree of acceleration with a 10% exceedence rate during a 50-year time period for each city. The risk level of each city was evaluated using the number of houses, the per-capita income of city residents, population, and ground motion levels. The maximum risk level obtained for the cities was taken as a reference value for relative risk assessment, and other risk values were estimated relative to the maximum risk level. When the selected cities were classified according to their relative risk levels, the five most risky cities were found to be, in descending order of risk, Istanbul, Izmir, Ankara, Bursa, and Kocaeli.
Developing Effective Earthquake Risk Reduction Strategies: The Potential Role of Academic Institutions in Lebanon
Baytiyeh, Hoda
Lebanon faces the risk of powerful earthquakes with potentially devastating effects. However, the Lebanese people in general have not yet recognized this risk, as current educational programs and government officials have failed to inform them about it. This article discusses the essential role that Lebanese institutions of higher education should…
Suicide risk among young children after the Great East Japan Earthquake: A follow-up study.
Fujiwara, Takeo; Yagi, Junko; Homma, Hiroaki; Mashiko, Hirobumi; Nagao, Keizo; Okuyama, Makiko
On 11 March 2011, the Great East Japan Earthquake and subsequent tsunami hit East Japan. We aim to investigate the impact of trauma experiences related to the earthquake on suicide risk among young children, stratified by child sex. Participants at baseline were children who were exposed to the 2011 disaster at preschool age (affected area, n=198; unaffected area, n=82, total n=280). From July 2013 to May 2014, suicide risk was assessed using the Mini International Neuropsychiatric Interview for Children and Adolescents (MINI-KID) in a follow-up interview conducted by a child psychiatrist or psychologist (N=210, follow-up rate: 75%). Among young girls in the affected area, 12 out of 65 (18.5%) showed suicidal ideation, which is significantly higher than girls in the unaffected area (4.7%, p for chi-square=0.036). In the multivariate model adjusted for potential confounders and mediators, the odds ratio for 4 or more trauma experiences related to the earthquake was 5.74 (95% confidence interval: 0.83-39.6, p=0.076) compared to no trauma experience related to the earthquake. Among young boys, trauma exposure was not associated with suicidal ideation. Our findings showed that young girls who experienced earthquake-related trauma at preschool age had a higher suicidal ideation 3 years after the earthquake. Copyright © 2017. Published by Elsevier B.V.
Risk factors of suicidal ideation among adolescents after Wenchuan earthquake in China.
Ran, Mao-Sheng; Zhang, Zhen; Fan, Mei; Li, Rong-Hui; Li, Yuan-Hao; Ou, Guo Jing; Jiang, Zhe; Tong, Yu-Zhen; Fang, Ding-Zhi
Suicidal ideation is a common phenomenon in survivors after disaster event. To identify the change of suicidal ideation, and to test hypotheses concerning the suicidal ideation, depression and PTSD symptoms among adolescent survivors after the 2008 Wenchuan earthquake in China. The suicidal ideation among high school students at 6, 12 and 18 months after the Wenchuan earthquake were investigated. Subjects included 737 student survivors in an affected high school. The PTSD Checklist-Civilian Version (PCL-C) and the Chinese Beck Depression Inventory (C-BDI) were used to measure the symptoms of PTSD and depression. The rates of suicidal ideation among the adolescent survivors at 6-, 12- and 18-month after the earthquake were 35.6%, 35.6% and 30.7% respectively. Depression symptoms in the 18-month follow-up, suicidal ideations at 6 and 12 months after the earthquake were the independent risk factors of suicidal ideation in the 18-month follow-up. Depression symptoms were the strongest predictor of suicidal ideation after earthquake. An increased rate of suicidal ideation after the earthquake may be mainly due to depression but not to PTSD symptoms. The disaster-related psychological sequelae and the risk factors of suicidal ideation, especially depression symptoms, should be considered in the mental health services and suicide prevention. Copyright © 2014 Elsevier B.V. All rights reserved.
Collapse risk of buildings in the Pacific Northwest region due to subduction earthquakes
Raghunandan, Meera; Liel, Abbie B.; Luco, Nicolas
Subduction earthquakes similar to the 2011 Japan and 2010 Chile events will occur in the future in the Cascadia subduction zone in the Pacific Northwest. In this paper, nonlinear dynamic analyses are carried out on 24 buildings designed according to outdated and modern building codes for the cities of Seattle, Washington, and Portland, Oregon. The results indicate that the median collapse capacity of the ductile (post-1970) buildings is approximately 40% less when subjected to ground motions from subduction, as compared to crustal earthquakes. Buildings are more susceptible to earthquake-induced collapse when shaken by subduction records (as compared to crustal records of the same intensity) because the subduction motions tend to be longer in duration due to their larger magnitude and the greater source-to-site distance. As a result, subduction earthquakes are shown to contribute to the majority of the collapse risk of the buildings analyzed.
Communicating Earthquake Preparedness: The Influence of Induced Mood, Perceived Risk, and Gain or Loss Frames on Homeowners' Attitudes Toward General Precautionary Measures for Earthquakes.
Marti, Michèle; Stauffacher, Michael; Matthes, Jörg; Wiemer, Stefan
Despite global efforts to reduce seismic risk, actual preparedness levels remain universally low. Although earthquake-resistant building design is the most efficient way to decrease potential losses, its application is not a legal requirement across all earthquake-prone countries and even if, often not strictly enforced. Risk communication encouraging homeowners to take precautionary measures is therefore an important means to enhance a country's earthquake resilience. Our study illustrates that specific interactions of mood, perceived risk, and frame type significantly affect homeowners' attitudes toward general precautionary measures for earthquakes. The interdependencies of the variables mood, risk information, and frame type were tested in an experimental 2 × 2 × 2 design (N = 156). Only in combination and not on their own, these variables effectively influence attitudes toward general precautionary measures for earthquakes. The control variables gender, "trait anxiety" index, and alteration of perceived risk adjust the effect. Overall, the group with the strongest attitudes toward general precautionary actions for earthquakes are homeowners with induced negative mood who process high-risk information and gain-framed messages. However, the conditions comprising induced negative mood, low-risk information and loss-frame and induced positive mood, low-risk information and gain-framed messages both also significantly influence homeowners' attitudes toward general precautionary measures for earthquakes. These results mostly confirm previous findings in the field of health communication. For practitioners, our study emphasizes that carefully compiled communication measures are a powerful means to encourage precautionary attitudes among homeowners, especially for those with an elevated perceived risk. © 2017 Society for Risk Analysis.
Rural Households' Livelihood Capital, Risk Perception, and Willingness to Purchase Earthquake Disaster Insurance: Evidence from Southwestern China
Directory of Open Access Journals (Sweden)
Dingde Xu
Full Text Available Earthquake disaster insurance can effectively reduce the impact of earthquake disasters on rural households. Exploring rural households' willingness to purchase earthquake disaster insurance in earthquake disaster areas provides an understanding of the motivations underlying the implementation of an insurance policy. However, few studies have examined the perspectives of rural households, in order to explore the correlations between the rural households' livelihood capital, their disaster risk perception, and their willingness to purchase earthquake disaster insurance. A cross-sectional survey data including 241 rural households from the most severe disaster counties (cities during the 5 • 12 Wenchuan earthquake was examined with regard to rural households' livelihood and disaster risk perception, and ordinal logistic regression models were constructed to explore rural households' willingness to purchase earthquake disaster insurance, as well as the driving mechanism behind this willingness. The results showed that 34.44% of rural households were very willing to purchase earthquake disaster insurance, and 7.05% of rural households were very reluctant to purchase earthquake insurance. Rural households' livelihood capital and risk perceptions were the most important factors affecting their willingness to purchase earthquake disaster insurance. Rural households with higher scores on natural capital, physical capital, possibility, and worry were more likely to purchase earthquake disaster insurance. Specifically, keeping all other variables constant, every one unit increase in nature capital and physical capital corresponded to an increase in the odds of willingness to purchase earthquake disaster insurance by a factor of 0.14 and 0.06, respectively; every one unit increase in possibility and worry corresponded to an increase in the odds of willingness to purchase earthquake disaster insurance by a factor of 0.03 and 0.04, respectively
CEA - 2014 risk management assessment
International Nuclear Information System (INIS)
Bonnevie, Edwige; Verwaerde, Daniel; Maillot, Bernard
After introducing presentations of CEA managers in charge of risk management and controls, this document presents and comments the actions undertaken by the CEA and the obtained results in terms of risk management in different fields: protection and control of the environment, installation safety, health, safety and radiation protection, transport of hazardous materials, waste management, protection of sites, installations and heritage, management of emergency situations, management of legal risks, internal audits and controls. Other topics are addressed like the presentation of the risk management department, and the role of the CEA in the relationship between research and industry
CEA: risk management assessment 2011
International Nuclear Information System (INIS)
Bigot, Bernard; Bonnevie, Edwige; Maillot, Bernard
This report proposes a qualitative and quantitative overview of CEA activities in the field of risk management during 2011. These activities concerned the impact on the environment, the safety of installations, the management of professional risks (safety and health at work), the radiological protection of workers, the transports of hazardous materials, waste management, protection of sites, installations and heritage, the management of emergency situations, the management of law risks, controls and audits
Integrated Earthquake Risk Assessment in the Kathmandu Valley - A Case Study
Schaper, Julia; Anhorn, Johannes; Khazai, Bijan; Nüsser, Marcus
Rapid urban growth is a process which can be observed in cities worldwide. Managing these growing urban areas has become a major challenge for both governing bodies and citizens. Situated not only in a highly earthquake and landslide-prone area, but comprising also the cultural and political capital of Nepal, the fast expanding Kathmandu Valley in the Himalayan region is of particular interest. Vulnerability assessment has been an important tool for spatial planning in this already densely populated area. The magnitude 8.4 earthquake of Bihar in 1934 cost 8600 Nepalis their lives, destroyed 20% of the Kathmandu building stock and heavily damaged another 40%. Since then, Kathmandu has grown into a hub with over a million inhabitants. Rapid infrastructure and population growth aggravate the vulnerability conditions, particularly in the core area of Metropolitan Kathmandu. We propose an integrative framework for vulnerability and risk in Kathmandu Valley. In order to move towards a more systemic and integrated approach, we focus on interactions between natural hazards, physically engineered systems and society. High resolution satellite images are used to identify structural vulnerability of the building stock within the study area. Using object-based image analysis, the spatial dynamics of urban growth are assessed and validated using field data. Complementing this is the analysis of socio-economic attributes gained from databases and field surveys. An indicator-based vulnerability and resilience index will be operationalized using multi-attribute value theory and statistical methods such as principal component analysis. The results allow for a socio-economic comparison of places and their relative potential for harm and loss. The objective in this task is to better understand the interactions between nature and society, engineered systems and built environments through the development of an interdisciplinary framework on systemic seismic risk and vulnerability. Data
Risk Management in Cocurricular Activities.
Webb, Edward M.
Discusses risk management for colleges' cocurricular activities. Discusses tort liability, contributory negligence, and assumption of risk. Provides six concrete steps for managing risks responsibly and professionally: adopting an educational mission statement, assigning risk to others, establishing safety standards, training club advisors,…
DEFF Research Database (Denmark)
Krause Hansen, Hans
This article investigates the emerging engagement of private actors and specifically Western corporations in international anti-corruption, drawing on Foucauldian studies of governmentality. It explores this engagement as governing practices that have emanated quite independently from the inter......-state system commonly understood to be at the core of the anti-corruption regime. It demonstrates how corporate anti-corruption ties in with a relatively new way of perceiving corruption. In this framing, anti-corruption comes out as risk management, which is latched on to notions of corporate social...... responsibility and business ethics. Moreover, the constitution of corruption risk relates to the rise of new actors and networks engaged in a wider business of anti-corruption, including commercial and hybrid actors that supply corporations with managerial instruments, benchmarks for best practice, rankings...
Elena RUSE; Georgiana SUSMANSCHI (BADEA); Daniel DĂNECI-PĂTRĂU
The existence of risk in economic activity can not be denied. In fact, the risk is a concept which exists in every activity, the term of risk being identified with uncertainty, respectively the (un)chance to produce an undesirable event. Internal audit and risk management aim at the same goal, namely the control of risks. Internal Audit performs several roles in risk management plan. The objectives of the internal audit function varies from company to company, but in all economic entities int...
The MCE (Maximum Credible Earthquake) - an approach to reduction of seismic risk
International Nuclear Information System (INIS)
Asmis, G.J.K.; Atchison, R.J.
It is the responsibility of the Regulatory Body (in Canada, the AECB) to ensure that radiological risks resulting from the effects of earthquakes on nuclear facilities, do not exceed acceptable levels. In simplified numerical terms this means that the frequency of an unacceptable radiation dose must be kept below 10 -6 per annum. Unfortunately, seismic events fall into the class of external events which are not well defined at these low frequency levels. Thus, design earthquakes have been chosen, at the 10 -3 - 10 -4 frequency level, a level commensurate with the limits of statistical data. There exists, therefore, a need to define an additional level of earthquake. A seismic design explicitly and implicitly recognizes three levels of earthquake loading; one comfortably below yield, one at or about yield, and one at ultimate. The ultimate level earthquake, contrary to the first two, has been implicitly addressed by conscientious designers by choosing systems, materials and details compatible with postulated dynamic forces. It is the purpose of this paper to discuss the regulatory specifications required to quantify this third level, or Maximum Credible Earthquake (MCE). (orig.)
Energy Technology Data Exchange (ETDEWEB)
Jones, R. [CSIRO Atmospheric Research, PMB1 Aspendale, Victoria 3195 (Australia)
Issues of uncertainty, scale and delay between action and response mean that 'dangerous' climate change is best managed within a risk assessment framework that evolves as new information is gathered. Risk can be broadly defined as the combination of likelihood and consequence; the latter measured as vulnerability to greenhouse-induced climate change. The most robust way to assess climate change damages in a probabilistic framework is as the likelihood of critical threshold exceedance. Because vulnerability is dominated by local factors, global vulnerability is the aggregation of many local impacts being forced beyond their coping ranges. Several case studies, generic sea level rise and temperature, coral bleaching on the Great Barrier Reef and water supply in an Australian catchment, are used to show how local risk assessments can be assessed then expressed as a function of global warming. Impacts treated thus can be aggregated to assess global risks consistent with Article 2 of the UNFCCC. A 'proof of concept' example is then used to show how the stabilisation of greenhouse gases can constrain the likelihood of exceeding critical thresholds at both the both local and global scale. This analysis suggests that even if the costs of reducing greenhouse gas emissions and the benefits of avoiding climate damages can be estimated, the likelihood of being able to meet a cost-benefit target is limited by both physical and socio-economic uncertainties. In terms of managing climate change risks, adaptation will be most effective at reducing vulnerability likely to occur at low levels of warming. Successive efforts to mitigate greenhouse gases will reduce the likelihood of reaching levels of global warming from the top down, with the highest potential temperatures being avoided first, irrespective of contributing scientific uncertainties. This implies that the first cuts in emissions will always produce the largest economic benefits in terms of avoided
Communicating Risk to Program Managers
Shivers, C. Herbert
Program Managers (PM) can protect program resources and improve chances of success by anticipating, understanding and managing risks. Understanding the range of potential risks helps one to avoid or manage the risks. A PM must choose which risks to accept to reduce fire fighting, must meet the expectations of stakeholders consistently, and avoid falling into costly "black holes" that may open. A good risk management process provides the PM more confidence to seize opportunities save money, meet schedule, even improve relationships with people important to the program. Evidence of managing risk and sound internal controls can mean better support from superiors for the program by building a trust and reputation from being on top of issues. Risk managers have an obligation to provide the PM with the best information possible to allow the benefits to be realized (Small Business Consortium, 2004). The Institute for Chartered Accountants in England and Wales sees very important benefits for companies in providing better information about what they do to assess and manage key business risks. Such information will: a) provide practical forward-looking information; b) reduce the cost of capital; c) encourage better risk management; and d) improve accountability for stewardship, investor protection and the usefulness of financial reporting. We are particularly convinced that enhanced risk reporting will help listed companies obtain capital at the lowest possible cost (The Institute of Chartered Accountants in England &Wales, June 2002). Risk managers can take a significant role in quantifying the success of their department and communicating those figures to executive (program) management levels while pushing for a broader risk management role. Overall, risk managers must show that risk management work matters in the most crucial place-the bottom line- as they prove risk management can be a profit center (Sullivan, 2004).
Seeking Information after the 2010 Haiti Earthquake: A Case Study in Mass-Fatality Management
Gupta, Kailash
The 2010 earthquake in Haiti, which killed an estimated 316,000 people, offered many lessons in mass-fatality management (MFM). The dissertation defined MFM in seeking information and in recovery, preservation, identification, and disposition of human remains. Specifically, it examined how mass fatalities were managed in Haiti, how affected…
Managing information technology security risk
Gilliam, David
Information Technology (IT) Security Risk Management is a critical task for the organization to protect against the loss of confidentiality, integrity and availability of IT resources. As systems bgecome more complex and diverse and and attacks from intrusions and malicious content increase, it is becoming increasingly difficult to manage IT security risk. This paper describes a two-pronged approach in addressing IT security risk and risk management in the organization: 1) an institutional enterprise appraoch, and 2) a project life cycle approach.
Credit derivatives and risk management
Michael S. Gibson
The striking growth of credit derivatives suggests that market participants find them to be useful tools for risk management. I illustrate the value of credit derivatives with three examples. A commercial bank can use credit derivatives to manage the risk of its loan portfolio. An investment bank can use credit derivatives to manage the risks it incurs when underwriting securities. An investor, such as an insurance company, asset manager, or hedge fund, can use credit derivatives to align its...
Long-term effects of earthquake experience of young persons on cardiovascular disease risk factors
Li, Na; Wang, Yumei; Yu, Lulu; Song, Mei; Wang, Lan; Ji, Chunpeng
Introduction The aim of the study was to study the long-term effect on cardiovascular disease risk factors of stress from direct experience of an earthquake as a young person. Material and methods We selected workers born between July 1, 1958 and July 1, 1976 who were examined at Kailuan General Hospital between May and October of 2013. Data on cardiovascular events were taken during the workers' annual health examination conducted between 2006 and 2007. All subjects were divided into three groups according to their experience of the Tangshan earthquake of July 28, 1976, as follows: control group; exposed group 1 and exposed group 2. We compared cardiovascular disease risk factors between the three groups as well as by gender and age. Results One thousand one hundred and ninety-six workers were included in the final statistical analysis. Among all subjects, resting heart rate (p = 0.003), total cholesterol (p earthquake compared with unexposed controls, but were unrelated to loss of relatives. No significant difference in triglyceride levels was observed between the three groups (p = 0.900). Further refinement showed that the effects were restricted to males 40 years of age or older at the time of analysis, but were due primarily to age at the time of earthquake exposure (p = 0.002, p Earthquake experience in the early years of life has long-term effects on adult resting heart rate, total cholesterol, and fasting plasma glucose, especially among men. PMID:28144258
Lessons Learned from Data Management Activities after the Great East Japan Earthquake in March 2011
Directory of Open Access Journals (Sweden)
A Kitamoto
Full Text Available This paper summarizes our effort towards managing the multi-disciplinary disaster-related data from the Great East Japan Earthquake, which happened on March 11, 2011 off the coast of Northeast Japan. This earthquake caused the largest tsunami in the recorded history of Japan, killed many people along the coast, and caused a nuclear disaster in Fukushima, which continues to affect a large area of Japan. Just after the earthquake, we started crisis response data management activities to provide useful information for supporting disaster response and recovery. This paper introduces the various types of datasets we made from the viewpoint of data management processing and draws lessons from our post-disaster activities.
The Key to Risk Management: Management
Adrian E. Tschoegl
The Barings, Daiwa Bank and Sumitomo Corp. financial debacles in the mid-1990s suggest that management failures rather than misfortune, errors, or complexity are a major source of the risk of financial debacles. These errors are systematic and are a concommittant of the structure of trading and of human nature. Risk management systems must take these facts into account.
Risk Management in Insurance Companies
Yang, Xufeng
Insurance is the uncertain business in uncertain society. Today, insures face more complex and difficult risks. Efficient risk management mechanisms are essential for the insurers. The paper is set out initially to explore UK insurance companies risk management and risk disclosure by examining companies annual report after all the listed insurance companies are required to disclose risk information in their annual report, which seeks to reflect the recent development in UK insurance companies...
Information systems for risk management
Michael S. Gibson
Risk management information systems are designed to overcome the problem of aggregating data across diverse trading units. The design of an information system depends on the risk measurement methodology that a firm chooses. Inherent in the design of both a risk management information system and a risk measurement methodology is a tradeoff between the accuracy of the resulting measures of risk and the burden of computing them. Technical progress will make this tradeoff more favorable over time...
Framework for systematic risk management
International Nuclear Information System (INIS)
Knief, R.A.; Mahn, J.A.; Briant, V.S.; Lee, R.B.; Long, R.L.
The first paper of the Symposium described GPU Nuclear's Risk Management Group (RMG) and the use of literature search and interviews in a extensive study of risk management. One of the most important goals of the study was to identify comprehensive approaches to managing risk in the nuclear and major high-technology industries. This paper discusses RMG's multi-step generic risk-management process consisting of the following steps to: identify hazards; screen hazards and identify preventive actions, including costs; evaluate hazards for severity, probable frequency, and cost of preventive actions; prioritize preventive actions (preference to high risk and low cost); implement preventive actions; monitor and provide feedback
Trends in risk management in nuclear industry
International Nuclear Information System (INIS)
Kim, Inn Seock
Safety management may be classified into three dimensions: risk management, accident management, and emergency management. This paper addresses the recent trends of safety management in nuclear industry, focussing on risk management and accident management
Risk assessment and risk management in managed aquifer recharge
CSIR Research Space (South Africa)
Page, D
Full Text Available This chapter presents the methodologies used for risk assessment and risk management in MAR in Australia and the European Union, qualitative and quantitative approaches adopted within the RECLAIM Water project and case studies where the outcomes...
Understanding and managing risk attitude
National Research Council Canada - National Science Library
Hillson, David; Murray-Webster, Ruth
... This book highlights how risk attitude factors influence the human psyche, and carefully explains the impacts. Organisations seeking to dramatically improve the effectiveness of their risk management process will want to use this book's insights. Craig Peterson, President, PMI Risk Management SIG This book has prompted me to think more deeply as a change d...
Methods of Financial Risk Management
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Korzh Natalia
Full Text Available The essence and nature of financial risks are investigated. Their classification is conducted. The features of financial risk management and the main methods of management are considered. The ways of risk compensation are identified. It is proved that the objective external risk basis is such market imperfections as externalities of enterprises and incomplete information about the operation of the business environment and internal objective basis risk – the objective function to maximise profits in a competitive environment. It is revealed that to compensate market imperfections business entities should develop a strategy that combines fill in missing information and neutralise or minimise externalities that tactically implemented in financial risk management programs.
Large dams and risk management
International Nuclear Information System (INIS)
Cazelais, N.
In July 1996, Quebec's Saguenay region was subjected to intensive rainfall which caused severe floods and uncontrolled release of several reservoirs, resulting in extensive damage to dam structures and reservoirs. The probability of occurrence for that disaster was 1:10,000. Following the disaster, the Quebec government established a dam management body entitled the Commission scientifique et technique sur la gestion des barrages, which pointed out several safety shortcomings of existing dams. Many were either very old or had undergone significant function change without being subsequently re-evaluated. A report by the Commission stated that damage following the floods could have been limited if the design and operating standards of the dams had been more stringent. A Dam Safety Act was adopted by the Quebec National Assembly on May 30, 2000 following recommendations to retain safer structures. The Act demands regular reporting of operating procedures. Seismic activity was noted as being a topic that requires in-depth examination since Quebec's St. Lawrence Valley, particularly the Charlevoix region, is one of Canada's largest seismic zones. The other is on the west coast in British Columbia. Earthquakes in Quebec are less intense than the ones in British Columbia, but they have higher frequency content which exerts a quasi-resonance wave effect which impacts roads, bridges, buildings and hydroelectric generating facilities. Hydro-Quebec is a public utility which owns 563 retaining structures, of which 228 are ranked as large dams that measure more than 15 metres high, 400 metres long and with a reservoir capacity of more than 1 million cubic metres of water. Hydro-Quebec addresses hydrological, seismic, technological and human risks through a dam safety procedure that includes structured plans for choosing best alternatives through staged exercises. Hazard levels are minimized through the adoption of emergency, prevention and alleviation measures. The utility
Directory of Open Access Journals (Sweden)
Constantin PREDA
Full Text Available After risk management "conquered" more and more project managers' minds and showed its benefits for business and programs, the need to have a global risk management standard has become a crucial issue in the world of risk management. But having a global risk management standard has been a big challenge, starting from the decision of developing the standard (March-June 2005, to the moment of publishing it, November 2009. So, developing the ISO 31000:2009 standard has been more or less like a bumpy ride. Apparently, the people involved in developing the global risk management standard understood from the very beginning that no challenges are too big, nor any tasks too small and that the task of having a new, comprehensive global risk management standard should be completed with excellence: defining the principles and the framework guiding the risk management process applicable for all type of organizations and for a wide range of activities. Coming up with a global standard should always be based on the real organizations' needs and should fulfill real risk management requirements. The article is trying to present the pros and cons of risk management standard implementation, challenging the implementation process itself and the added value of implementing the standard due to the lack of implementation enablers, like risk culture, a real problem especially in an international environment.
Definition of a short-cut methodology for assessing earthquake-related Na-Tech risk
International Nuclear Information System (INIS)
Busini, Valentina; Marzo, Enrico; Callioni, Andrea; Rota, Renato
Highlights: → In industrial sites located in natural hazard-prone areas technological accidents may be triggered by natural events, generating the so-called Na-Tech accidents. → In this paper, a qualitative screening methodology for assessing the earthquake Na-Tech risk has been developed with the aim of identifying which situations deserve a much more expensive Quantitative Risk Analysis. → The simple procedure developed, which summarizes in a suitable Key Hazard Indicator the Na-Tech risk level, has been validated by comparing its results with those of some Quantitative Risk Analyses involving also Na-Tech events and previously presented in the literature. - Abstract: Na-Tech (Natural and Technological) refers to industrial accidents triggered by natural events such as storms, earthquakes, flooding, and lightning. Herein, a qualitative methodology for the initial assessment of earthquake Na-Tech risk has been developed as a screening tool to identify which situations require a much more expensive Quantitative Risk Analysis (QRA). The proposed methodology, through suitable Key Hazard Indicators (KHIs), identifies the Na-Tech risk level associated with a given situation (i.e., a process plant located in a given territory), using the Analytical Hierarchy Process as a multi-criteria decision tool for the evaluation of such KHIs. The developed methodology was validated by comparing its computational results with QRA results that involved Na-Tech events previously presented in literature.
Directory of Open Access Journals (Sweden)
Szabo Alina
Full Text Available Purpose: The objective of this paper is to offer an overview over risk management cycle by focusing on prioritization and treatment, in order to ensure an integrated approach to risk management and assessment, and establish the 'top 8-12' risks report within the organization. The interface with Internal Audit is ensured by the implementation of the scoring method to prioritize risks collected from previous generated risk report. Methodology/approach: Using evidence from other research in the area and the professional expertise, this article outlines an integrated approach to risk assessment and risk management reporting processes, by separating the risk in two main categories: strategic and operational risks. The focus is on risk prioritization and scoring; the final output will comprise a mix of strategic and operational ('top 8-12' risks, which should be used to establish the annual Internal Audit plan. Originality/value: By using an integrated approach to risk assessment and risk management will eliminate the need for a separate Internal Audit risk assessment over prevailing risks. It will reduce the level of risk assessment overlap by different functions (Tax, Treasury, Information System over the same risk categories as a single methodology, is used and will align timings of risk assessment exercises. The risk prioritization by usage of risk and control scoring criteria highlights the combination between financial and non-financial impact criteria allowing risks that do not naturally lend themselves to a financial amount to be also assessed consistently. It is emphasized the usage of score method to prioritize the risks included in the annual audit plan in order to increase accuracy and timelines.
Innovations in Quantitative Risk Management
Scherer, Matthias; Zagst, Rudi
Quantitative models are omnipresent –but often controversially discussed– in todays risk management practice. New regulations, innovative financial products, and advances in valuation techniques provide a continuous flow of challenging problems for financial engineers and risk managers alike. Designing a sound stochastic model requires finding a careful balance between parsimonious model assumptions, mathematical viability, and interpretability of the output. Moreover, data requirements and the end-user training are to be considered as well. The KPMG Center of Excellence in Risk Management conference Risk Management Reloaded and this proceedings volume contribute to bridging the gap between academia –providing methodological advances– and practice –having a firm understanding of the economic conditions in which a given model is used. Discussed fields of application range from asset management, credit risk, and energy to risk management issues in insurance. Methodologically, dependence modeling...
Directory of Open Access Journals (Sweden)
Elena Valerievna Drobot
Full Text Available Customs administrations operating in the modern global economy are faced with a complex range of challenges. The prime responsibilities remain the collection of revenues and the protection of the society, but these demanding tasks must be performed effectively and efficiently, whilst at the same time facilitating the flow of legitimate goods. Risk management is a logical and systematic method of identifying, analyzing and managing risks. Risk management can be associated with any activity, function or process within the organization and will enable the organization to take advantage of opportunities and minimize potential losses. Minimization of the human factor in customs control through the implementation of non-intrusive inspection equipment can be very useful. The particularities of risk-management system (RMS implementation within customs control are discussed in the article. The authors single out the elements of the risk-management system, evaluate the effectiveness of risk-management in customs control. The main reasons for non-implementation of the risk-management system in customs control are described as well. The particular attention is paid to the benefits of customs risk management. The authors' hypothesis is that risk management in customs control must find a balance between costs and benefits to address all risks equally. Criteria are needed to decide what constitutes an acceptable or unacceptable risk. Thus, system analysis and risk management system are the effective mechanisms for acceleration of customs clearance and improve the quality of customs control. As a conclusion, the authors give recommendations for the improvement of the effectiveness of risk management system in customs control.
Natural-technological risk assessment and management
Burova, Valentina; Frolova, Nina
EM-DAT statistical data on human impact and economic damages in the 1st semester 2015 are the highest since 2011: 41% of disasters were floods, responsible for 39% of economic damage and 7% of events were earthquakes responsible for 59% of total death toll. This suggests that disaster risk assessment and management still need to be improved and stay the principle issue in national and international related programs. The paper investigates the risk assessment and management practice in the Russian Federation at different levels. The method is proposed to identify the territories characterized by integrated natural-technological hazard. The maps of the Russian Federation zoning according to the integrated natural-technological hazard level are presented, as well as the procedure of updating the integrated hazard level taking into account the activity of separate processes. Special attention is paid to data bases on past natural and technological processes consequences, which are used for verification of current hazard estimation. The examples of natural-technological risk zoning for the country and some regions territory are presented. Different output risk indexes: both social and economic, are estimated taking into account requirements of end-users. In order to increase the safety of population of the Russian Federation the trans-boundaries hazards are also taken into account.
Risk management and corporate value
Directory of Open Access Journals (Sweden)
Milan Cupic
Full Text Available The paper presents a theoretical framework for assessing the impact of risk management on corporate value. As the relevant factors that determine this impact, the paper analyzes market imperfections and investors' risk aversion. The results of the present research indicate that risk management contributes to an increase in corporate value if, under the influence of market imperfections, corporate risk exposure is concave. As an expression of market imperfections, the paper analyzes the costs of financial distress, agency costs, and taxation. The results of the research also indicate that the risk management policy should not aim to minimize, but rather optimize risk exposure, by taking into account the costs of risk management, investors' risk aversion and the competitive advantage a corporation has on the relevant market.
Risk management of precious metals
S.M. Hammoudeh (Shawkat); F. Malik (Farooq); M.J. McAleer (Michael)
textabstractThis paper examines volatility and correlation dynamics in price returns of gold, silver, platinum and palladium, and explores the corresponding risk management implications for market risk and hedging. Value-at-Risk (VaR) is used to analyze the downside market risk associated with
Risk Management in Logystics Chains
Butrin, Andrey; Vikulov, Vladimir
Article is devoted to risk management of supply chain. The authors considered indicators of supply chain risks, including risks caused by supplier. Authors formed a method of optimizing the level of supply chain risk in the integration with suppliers and customers.
Improving Information Security Risk Management
Singh, Anand
manaOptimizing risk to information to protect the enterprise as well as to satisfy government and industry mandates is a core function of most information security departments. Risk management is the discipline that is focused on assessing, mitigating, monitoring and optimizing risks to information. Risk assessments and analyses are critical…
Ennouri Wissem
The complexity of the industrial activities and the important mass of flows crossing the supply chain promotes the emergence of risks that must be considered in the decision process. For this reason, we have developed this paper to clarify the basics of risk management through a short new suggestion of literature review for risk management. Our justification of this attempt is that this area is the most discussed in our days and it is impossible to present all definition of the risk concept, ...
Integrated supply chain risk management
Riaan Bredell; Jackie Walters
Integrated supply chain risk management (ISCRM) has become indispensable to the theory and practice of supply chain management. The economic and political realities of the modern world require not only a different approach to supply chain management, but also bold steps to secure supply chain performance and sustainable wealth creation. Integrated supply chain risk management provides supply chain organisations with a level of insight into their supply chains yet to be achieved. If correctly ...
Managing the risks of risk management on large fires
Donald G. MacGregor; Armando González-Cabán
Large fires pose risks to a number of important values, including the ecology, property and the lives of incident responders. A relatively unstudied aspect of fire management is the risks to which incident managers are exposed due to organizational and sociopolitical factors that put them in a position of, for example, potential liability or degradation of their image...
Earthquake parametrics based protection for microfinance disaster management in Indonesia
Sedayo, M. H.; Damanik, R.
Financial institutions included microfinance institutions those lend money to people also face the risk when catastrophe event hit their operation area. Liquidity risk when withdrawal amount and Non Performance Loan (NPL) hiking fast in the same time could hit their cash flow. There are products in market that provide backup fund for this kind of situation. Microfinance institution needs a guideline too make contingency plan in their disaster management program. We develop a probabilistic seismic hazard, index and zonation map as a tool to help in making financial disaster impact reduction program for microfinance in Indonesia. GMPE was used to estimate PGA for each Kabupaten points. PGA to MMI conversion was done by applied empirical relationship. We used loan distribution data from Financial Service Authority and Bank Indonesia as exposure in indexing. Index level from this study could be use as rank of urgency. Probabilistic hazard map was used to pricing two backup scenarios and to make a zonation. We proposed three zones with annual average cost 0.0684‰, 0.4236‰ and 1.4064 for first scenario and 0.3588‰, 2.6112‰, and 6.0816‰ for second scenario.
The Uncertainties of Risk Management
DEFF Research Database (Denmark)
Vinnari, Eija; Skærbæk, Peter
for expanding risk management. More generally, such uncertainties relate to the professional identities and responsibilities of operational managers as defined by the framing devices. Originality/value – The paper offers three contributions to the extant literature: first, it shows how risk management itself......Purpose – The purpose of this paper is to analyse the implementation of risk management as a tool for internal audit activities, focusing on unexpected effects or uncertainties generated during its application. Design/methodology/approach – Public and confidential documents as well as semi......-structured interviews are analysed through the lens of actor-network theory to identify the effects of risk management devices in a Finnish municipality. Findings – The authors found that risk management, rather than reducing uncertainty, itself created unexpected uncertainties that would otherwise not have emerged...
Social and ethical issues in environmental risk management.
Oughton, Deborah H
The recognition of the social and ethical aspects of radiation risk management has been an important part of international projects following the Chernobyl accident of 1986. This study comments on the science and policy issues in environmental risk assessment, including the social and ethical dimensions of emergency preparedness and remediation experiences gained from the Chernobyl accident. While the unique situation of Fukushima, combined with an earthquake and tsunami, raises its own social and political challenges, it is hoped that some of the lessons learnt from Chernobyl will be relevant to long-term management of the Fukushima site. Copyright © 2011 SETAC.
Continuous Risk Management at NASA
Hammer, Theodore F.; Rosenberg, Linda
NPG 7120.5A, "NASA Program and Project Management Processes and Requirements" enacted in April, 1998, requires that "The program or project manager shall apply risk management principles..." The Software Assurance Technology Center (SATC) at NASA GSFC has been tasked with the responsibility for developing and teaching a systems level course for risk management that provides information on how to comply with this edict. The course was developed in conjunction with the Software Engineering Institute at Carnegie Mellon University, then tailored to the NASA systems community. This presentation will briefly discuss the six functions for risk management: (1) Identify the risks in a specific format; (2) Analyze the risk probability, impact/severity, and timeframe; (3) Plan the approach; (4) Track the risk through data compilation and analysis; (5) Control and monitor the risk; (6) Communicate and document the process and decisions. This risk management structure of functions has been taught to projects at all NASA Centers and is being successfully implemented on many projects. This presentation will give project managers the information they need to understand if risk management is to be effectively implemented on their projects at a cost they can afford.
Directory of Open Access Journals (Sweden)
Constantin PREDA
Full Text Available For the past years defense programs have faced delays in delivering defense capabilities and budget overruns. Stakeholders are looking for ways to improve program management and the decision making process given the very fluid and uncertain economic and political environment. Consequently, they have increasingly resorted to risk management as the main management tool for achieving defense programs objectives and for delivering the defense capabilities strongly needed for the soldiers on the ground on time and within limited defense budgets. Following a risk management based decision-making approach the stakeholders are expected not only to protect program objectives against a wide range of risks but, at the same time, to take advantage of the opportunities to increase the likelihood of program success. The prerequisite for making risk management the main tool for achieving defense programs objectives is the design and implementation of a strong risk management framework as a foundation providing an efficient and effective application of the best risk management practices. The aim of this paper is to examine the risk management framework for defense programs based on the ISO 31000:2009 standard, best risk management practices and the defense programs' needs and particularities. For the purposes of this article, the term of defense programs refers to joint defense programs.
Menstrual hygiene management among women and adolescent girls in the aftermath of the earthquake in Nepal.
Budhathoki, Shyam Sundar; Bhattachan, Meika; Castro-Sánchez, Enrique; Sagtani, Reshu Agrawal; Rayamajhi, Rajan Bikram; Rai, Pramila; Sharma, Gaurav
Menstrual hygiene management (MHM) is an essential aspect of hygiene for women and adolescent girls between menarche and menopause. Despite being an important issue concerning women and girls in the menstruating age group MHM is often overlooked in post-disaster responses. Further, there is limited evidence of menstrual hygiene management in humanitarian settings. This study aims to describe the experiences and perceptions of women and adolescent girls on menstrual hygiene management in post-earthquake Nepal. A mixed methods study was carried out among the earthquake affected women and adolescent girls in three villages of Sindhupalchowk district of Nepal. Data was collected using a semi-structured questionnaire that captured experiences and perceptions of respondents on menstrual hygiene management in the aftermath of the Nepal earthquake. Quantitative data were triangulated with in-depth interview regarding respondent's personal experiences of menstrual hygiene management. Menstrual hygiene was rated as the sixth highest overall need and perceived as an immediate need by 18.8% of the respondents. There were 42.8% women & girls who menstruated within first week of the earthquake. Reusable sanitary cloth were used by about 66.7% of the respondents before the earthquake and remained a popular method (76.1%) post-earthquake. None of the respondents reported receiving menstrual adsorbents as relief materials in the first month following the earthquake. Disposable pads (77.8%) were preferred by respondents as they were perceived to be clean and convenient to use. Most respondents (73.5%) felt that reusable sanitary pads were a sustainable choice. Women who were in the age group of 15-34 years (OR = 3.14; CI = (1.07-9.20), did not go to school (OR = 9.68; CI = 2.16-43.33), married (OR = 2.99; CI = 1.22-7.31) and previously used reusable sanitary cloth (OR = 5.82; CI = 2.33-14.55) were more likely to use the reusable sanitary cloth. In
Prospect of future housing and risk of psychological distress at 1 year after an earthquake disaster.
Nakaya, Naoki; Nakamura, Tomohiro; Tsuchiya, Naho; Narita, Akira; Tsuji, Ichiro; Hozawa, Atsushi; Tomita, Hiroaki
Since the Great East Japan Earthquake in 2011, many of the affected have been forced to live in temporary housing or at a relative's house. Special attention needs to be paid to the negative health impacts resulting from such changes in living conditions. This study examined the association between future housing prospects and the risk of psychological distress 1 year after the earthquake. In 2012, a questionnaire was completed by a cross-sectional study of people aged 20 years or older living in Shichigahama Town, Miyagi, northeastern Japan, an area that had been severely inundated by the tsunami. Future housing prospects post-earthquake were classified into four categories: already settled in permanent housing, moving to new housing, under consideration, or unable to make any plans. Psychological distress was evaluated using the Kessler 6 scale, defined as ≥5 points out of 24. We performed multiple logistic regression analyses adjusted for potential confounding factors. Of the 3614 individuals studied, subjects whose future housing was under consideration (odds ratio [OR] = 2.1, 95% confidence interval [CI] = 1.6-2.7, P prospects were under consideration and those who were unable to make any future housing plans were at a higher risk of psychological distress 1 year after the earthquake disaster. © 2015 The Authors. Psychiatry and Clinical Neurosciences © 2015 Japanese Society of Psychiatry and Neurology.
Szabo Alina
Purpose: The objective of this paper is to offer an overview over risk management cycle by focusing on prioritization and treatment, in order to ensure an integrated approach to risk management and assessment, and establish the 'top 8-12' risks report within the organization. The interface with Internal Audit is ensured by the implementation of the scoring method to prioritize risks collected from previous generated risk report. Methodology/approach: Using evidence from other research in ...
NGNP Risk Management Database: A Model for Managing Risk
International Nuclear Information System (INIS)
Collins, John
To facilitate the implementation of the Risk Management Plan, the Next Generation Nuclear Plant (NGNP) Project has developed and employed an analytical software tool called the NGNP Risk Management System (RMS). A relational database developed in Microsoft(reg s ign) Access, the RMS provides conventional database utility including data maintenance, archiving, configuration control, and query ability. Additionally, the tool's design provides a number of unique capabilities specifically designed to facilitate the development and execution of activities outlined in the Risk Management Plan. Specifically, the RMS provides the capability to establish the risk baseline, document and analyze the risk reduction plan, track the current risk reduction status, organize risks by reference configuration system, subsystem, and component (SSC) and Area, and increase the level of NGNP decision making.
NGNP Risk Management Database: A Model for Managing Risk
Energy Technology Data Exchange (ETDEWEB)
John Collins
To facilitate the implementation of the Risk Management Plan, the Next Generation Nuclear Plant (NGNP) Project has developed and employed an analytical software tool called the NGNP Risk Management System (RMS). A relational database developed in Microsoft® Access, the RMS provides conventional database utility including data maintenance, archiving, configuration control, and query ability. Additionally, the tool's design provides a number of unique capabilities specifically designed to facilitate the development and execution of activities outlined in the Risk Management Plan. Specifically, the RMS provides the capability to establish the risk baseline, document and analyze the risk reduction plan, track the current risk reduction status, organize risks by reference configuration system, subsystem, and component (SSC) and Area, and increase the level of NGNP decision making.
Comparative risk assessments for Guadeloupe: earthquakes and storm surge
Réveillère , Arnaud; Monfort , Daniel; Lecacheux , Sophie; Grisanti , Ludovic; Muller , Héloise; Bertil , Didier; Rohmer , Jérémy; Sedan , Olivier; Douglas , John; Baills , Audrey; Modaressi , Hormoz
In France, risk assessments for natural hazards are usually carried out separately and decision makers lack comprehensive information. Moreover, since the cause of the hazard (e.g. meteorological, geological) and the physical phenomenon that causes damage (e.g. inundation, ground shaking) may be fundamentally different, the quantitative comparison of single risk assessments that were not conducted in a compatible framework is not straightforward. Comprehensive comparative risk assessments exi...
Dynamic evaluation of seismic hazard and risks based on the Unified Scaling Law for Earthquakes
Kossobokov, V. G.; Nekrasova, A.
We continue applying the general concept of seismic risk analysis in a number of seismic regions worldwide by constructing seismic hazard maps based on the Unified Scaling Law for Earthquakes (USLE), i.e. log N(M,L) = A + B•(6 - M) + C•log L, where N(M,L) is the expected annual number of earthquakes of a certain magnitude M within an seismically prone area of linear dimension L, A characterizes the average annual rate of strong (M = 6) earthquakes, B determines the balance between magnitude ranges, and C estimates the fractal dimension of seismic locus in projection to the Earth surface. The parameters A, B, and C of USLE are used to assess, first, the expected maximum magnitude in a time interval at a seismically prone cell of a uniform grid that cover the region of interest, and then the corresponding expected ground shaking parameters. After a rigorous testing against the available seismic evidences in the past (e.g., the historically reported macro-seismic intensity or paleo data), such a seismic hazard map is used to generate maps of specific earthquake risks for population, cities, and infrastructures. The hazard maps for a given territory change dramatically, when the methodology is applied to a certain size moving time window, e.g. about a decade long for an intermediate-term regional assessment or exponentially increasing intervals for a daily local strong aftershock forecasting. The of dynamical seismic hazard and risks assessment is illustrated by applications to the territory of Greater Caucasus and Crimea and the two-year series of aftershocks of the 11 October 2008 Kurchaloy, Chechnya earthquake which case-history appears to be encouraging for further systematic testing as potential short-term forecasting tool.
Natural Time, Nowcasting and the Physics of Earthquakes: Estimation of Seismic Risk to Global Megacities
Rundle, John B.; Luginbuhl, Molly; Giguere, Alexis; Turcotte, Donald L.
Natural Time ("NT") refers to the concept of using small earthquake counts, for example of M > 3 events, to mark the intervals between large earthquakes, for example M > 6 events. The term was first used by Varotsos et al. (2005) and later by Holliday et al. (2006) in their studies of earthquakes. In this paper, we discuss ideas and applications arising from the use of NT to understand earthquake dynamics, in particular by use of the idea of nowcasting. Nowcasting differs from forecasting, in that the goal of nowcasting is to estimate the current state of the system, rather than the probability of a future event. Rather than focus on an individual earthquake faults, we focus on a defined local geographic region surrounding a particular location. This local region is considered to be embedded in a larger regional setting from which we accumulate the relevant statistics. We apply the nowcasting idea to the practical development of methods to estimate the current state of risk for dozens of the world's seismically exposed megacities, defined as cities having populations of over 1 million persons. We compute a ranking of these cities based on their current nowcast value, and discuss the advantages and limitations of this approach. We note explicitly that the nowcast method is not a model, in that there are no free parameters to be fit to data. Rather, the method is simply a presentation of statistical data, which the user can interpret. Among other results, we find, for example, that the current nowcast ranking of the Los Angeles region is comparable to its ranking just prior to the January 17, 1994 Northridge earthquake.
Geoethical suggestions for reducing risk of next (not only strong) earthquakes
Nemec, Vaclav
Three relatively recent examples of earthquakes can be used as a background for suggesting geoethical views into any prediction accompanied by a risk analysis. ĹAquila earthquake (Italy - 2009): ĹAquila was largely destroyed by earthquakes in 1315, 1319, 1452, 1461, 1501, 1646, 1703 (until that time altogether about 3000 victims) and 1786 (about 6000 victims of this event only). The city was rebuilt and remained stable until October 2008, when tremors began again. From January 1 through April 5, 2009, additional 304 tremors were reported. When after measuring increased levels of radon emitted from the ground a local citizen (for many years working for the Italian National Institute of Astrophysics) predicted a major earthquake on Italian television, he was accused of being alarmist. Italy's National Commission for Prediction and Prevention of Major Risks met in L'Aquila for one hour on March 31, 2009, without really evaluating and characterising the risks that were present. On April 6 a 6.3 magnitude earthquake struck Aquila and nearby towns, killing 309 people and injuring more than 1,500. The quake also destroyed roughly 20,000 buildings, temporarily displacing another 65,000 people. In July 2010, prosecutor Fabio Picuti charged the Commission members with manslaughter and negligence for failing to warn the public of the impending risk. Many international organizations joined the chorus of criticism wrongly interpreting the accusation and sentence at the first stage as a problem of impossibility to predict earthquakes. - The Eyjafjallajokull volcano eruption (Iceland - 2010) is a reminder that in our globalized, interconnected world because of the increased sensibility of the new technology even a relatively small natural disaster may cause unexpected range of problems. - Earthquake and tsunami (Japan - 2011) - the most powerful known earthquake ever to have hit Japan on March 11. Whereas the proper earthquake with the magnitude of 9.0 has caused minimum of
Selecting Copulas for Risk Management
H.J.W.G. Kole (Erik); C.G. Koedijk (Kees); M.J.C.M. Verbeek (Marno)
textabstractCopulas offer financial risk managers a powerful tool to model the dependence between the different elements of a portfolio and are preferable to the traditional, correlation-based approach. In this paper we show the importance of selecting an accurate copula for risk management. We
Corporate risk management : an overview
Oosterhof, Casper M.
Corporate risk management and hedging are important activities within financial as well as non-financial corporations. Under the assumptions of Modigliani and Miller [1958], corporate risk management is a redundant activity. However, the existence of market imperfections can explain the corporate
The Supply Chain Risk Management
Skitsko Volodymyr I.; Voynikov Mykola Yu.
The article considers current approaches of risk-management in supply chains, the main steps of the risk management process are analyzed and detailed both for a separate enterprise – participant of supply chain, for the supply chain in general, and for the Beer game, based on the international risk management standards. The article provides a way to assess the risks of the «producer» in the Beer game according to the three strategies of its behavior, which presumably can correspond to differe...
Cont, R; Wagalath, L
We propose framework for modeling portfolio risk which integrates market risk with liquidation costs which may arise in stress scenarios. Our model provides a systematic method for computing liquidation-adjusted risk measures for a portfolio. Calculation of Liquidation-adjusted VaR (LVaR) for sample portfolios reveals a substantial impact of liquidation costs on portfolio risk for portfolios with large concentrated positions.
International Nuclear Information System (INIS)
Cosby, C.
Bruce Power's definition: an emerging and demonstrable event or change in business plan assumptions that could impact Bruce Power's achievement of its business plan objectives and results. Risks can be either negative (threats) or positive (opportunities). Risks against the 5 year business plan Net Risk = impact * probability.
Energy Technology Data Exchange (ETDEWEB)
Cosby, C., E-mail: firstname.lastname@example.com [Bruce Power, Tiverton, ON (Canada)
Bruce Power's definition: an emerging and demonstrable event or change in business plan assumptions that could impact Bruce Power's achievement of its business plan objectives and results. Risks can be either negative (threats) or positive (opportunities). Risks against the 5 year business plan Net Risk = impact * probability.
TRManager – Technical Risk Manager
Directory of Open Access Journals (Sweden)
Mark A. Gregory
Full Text Available This paper presents research into the development of a new information management technique called Technical Risk Manager. Project management involves the use of processes and information management techniques to aid decision making in the pursuit of project success. Project success may be achieved by meeting time, cost or performance criteria. Current project management practices focus on achieving time and cost project success criteria by using three information management techniques developed in the 1950s: Gantt, PERT and Critical Path Method. Technical Risk Manager has been developed to provide an information management technique that may be used to aid project management decision making in the pursuit of achieving the performance project success criteria.
Abad Lopez, Carlos Adrian
Current electricity infrastructure is being stressed from several directions -- high demand, unreliable supply, extreme weather conditions, accidents, among others. Infrastructure planners have, traditionally, focused on only the cost of the system; today, resilience and sustainability are increasingly becoming more important. In this dissertation, we develop computational tools for efficiently managing electricity resources to help create a more reliable and sustainable electrical grid. The tools we present in this work will help electric utilities coordinate demand to allow the smooth and large scale integration of renewable sources of energy into traditional grids, as well as provide infrastructure planners and operators in developing countries a framework for making informed planning and control decisions in the presence of uncertainty. Demand-side management is considered as the most viable solution for maintaining grid stability as generation from intermittent renewable sources increases. Demand-side management, particularly demand response (DR) programs that attempt to alter the energy consumption of customers either by using price-based incentives or up-front power interruption contracts, is more cost-effective and sustainable in addressing short-term supply-demand imbalances when compared with the alternative that involves increasing fossil fuel-based fast spinning reserves. An essential step in compensating participating customers and benchmarking the effectiveness of DR programs is to be able to independently detect the load reduction from observed meter data. Electric utilities implementing automated DR programs through direct load control switches are also interested in detecting the reduction in demand to efficiently pinpoint non-functioning devices to reduce maintenance costs. We develop sparse optimization methods for detecting a small change in the demand for electricity of a customer in response to a price change or signal from the utility
Tsunami disaster risk management capabilities in Greece
Marios Karagiannis, Georgios; Synolakis, Costas
Greece is vulnerable to tsunamis, due to the length of the coastline, its islands and its geographical proximity to the Hellenic Arc, an active subduction zone. Historically, about 10% of all world tsunamis occur in the Mediterranean region. Here we review existing tsunami disaster risk management capabilities in Greece. We analyze capabilities across the disaster management continuum, including prevention, preparedness, response and recovery. Specifically, we focus on issues like legal requirements, stakeholders, hazard mitigation practices, emergency operations plans, public awareness and education, community-based approaches and early-warning systems. Our research is based on a review of existing literature and official documentation, on previous projects, as well as on interviews with civil protection officials in Greece. In terms of tsunami disaster prevention and hazard mitigation, the lack of tsunami inundation maps, except for some areas in Crete, makes it quite difficult to get public support for hazard mitigation practices. Urban and spatial planning tools in Greece allow the planner to take into account hazards and establish buffer zones near hazard areas. However, the application of such ordinances at the local and regional levels is often difficult. Eminent domain is not supported by law and there are no regulatory provisions regarding tax abatement as a disaster prevention tool. Building codes require buildings and other structures to withstand lateral dynamic earthquake loads, but there are no provisions for resistance to impact loading from water born debris Public education about tsunamis has increased during the last half-decade but remains sporadic. In terms of disaster preparedness, Greece does have a National Tsunami Warning Center (NTWC) and is a Member of UNESCO's Tsunami Program for North-eastern Atlantic, the Mediterranean and connected seas (NEAM) region. Several exercises have been organized in the framework of the NEAM Tsunami Warning
An Integrated and Interdisciplinary Model for Predicting the Risk of Injury and Death in Future Earthquakes.
Shapira, Stav; Novack, Lena; Bar-Dayan, Yaron; Aharonson-Daniel, Limor
A comprehensive technique for earthquake-related casualty estimation remains an unmet challenge. This study aims to integrate risk factors related to characteristics of the exposed population and to the built environment in order to improve communities' preparedness and response capabilities and to mitigate future consequences. An innovative model was formulated based on a widely used loss estimation model (HAZUS) by integrating four human-related risk factors (age, gender, physical disability and socioeconomic status) that were identified through a systematic review and meta-analysis of epidemiological data. The common effect measures of these factors were calculated and entered to the existing model's algorithm using logistic regression equations. Sensitivity analysis was performed by conducting a casualty estimation simulation in a high-vulnerability risk area in Israel. the integrated model outcomes indicated an increase in the total number of casualties compared with the prediction of the traditional model; with regard to specific injury levels an increase was demonstrated in the number of expected fatalities and in the severely and moderately injured, and a decrease was noted in the lightly injured. Urban areas with higher populations at risk rates were found more vulnerable in this regard. The proposed model offers a novel approach that allows quantification of the combined impact of human-related and structural factors on the results of earthquake casualty modelling. Investing efforts in reducing human vulnerability and increasing resilience prior to an occurrence of an earthquake could lead to a possible decrease in the expected number of casualties.
Martin Marietta Paducah Gaseous Diffusion Plant comprehensive earthquake emergency management program
International Nuclear Information System (INIS)
Recognizing the value of a proactive, integrated approach to earthquake preparedness planning, Martin Marietta Energy Systems, Inc. initiated a contract in June 1989 with Murray State University, Murray, Kentucky, to develop a comprehensive earthquake management program for their Gaseous Diffusion Plant in Paducah, Kentucky. The overall purpose of the program is to mitigate the loss of life and property in the event of a major destructive earthquake. The program includes four distinct (yet integrated) components: an emergency management plan, with emphasis on the catastrophic earthquake; an Emergency Operations Center Duty Roster Manual; an Integrated Automated Emergency Management Information System (IAEMIS); and a series of five training program modules. The PLAN itself is comprised of four separate volumes: Volume I -- Chapters 1--3; Volume II -- Chapters 4--6, Volume III -- Chapter 7, and Volume IV -- 23 Appendices. The EOC Manual (which includes 15 mutual aid agreements) is designated as Chapter 7 in the PLAN and is a ''stand alone'' document numbered as Volume III. This document, Volume I, provides an introduction, summary and recommendations, and the emergency operations center direction and control
Martin Marietta Paducah Gaseous Diffusion Plant comprehensive earthquake emergency management program
International Nuclear Information System (INIS)
Recognizing the value of a proactive, integrated approach to earthquake preparedness planning, Martin Marietta Energy Systems, Inc. initiated a contract in June 1989 with Murray State University, Murray, Kentucky, to develop a comprehensive earthquake management program for their Gaseous Diffusion Plant in Paducah, Kentucky (PGDP -- Subcontract No. 19P-JV649V). The overall purpose of the program is to mitigate the loss of life and property in the event of a major destructive earthquake. The program includes four distinct (yet integrated) components: an emergency management plan, with emphasis on the catastrophic earthquake; an Emergency Operations Center Duty Roster Manual; an Integrated Automated Emergency Management Information System (IAEMIS); and a series of five training program modules. The PLAN itself is comprised of four separate volumes: Volume I -- Chapters 1--3; Volume II -- Chapters 4--6, Volume III -- Chapter 7, and Volume IV -- 23 Appendices. The EOC Manual (which includes 15 mutual aid agreements) is designated as Chapter 7 in the PLAN and is a ''stand alone'' document numbered as Volume III. This document, Volume II, discusses methodology, engineering and environmental analyses, and operational procedures
Martin Marietta Paducah Gaseous Diffusion Plant comprehensive earthquake emergency management program
International Nuclear Information System (INIS)
Recognizing the value of a proactive, integrated approach to earthquake preparedness planning, Martin Marietta Energy Systems, Inc, initiated a contract in June 1989 with Murray State University, Murray, Kentucky, to develop a comprehensive earthquake management program for their Gaseous Diffusion Plant in Paducah, Kentucky (PGDP--Subcontract No. 19P-JV649V). The overall purpose of the program is to mitigate the loss of life and property in the event of a major destructive earthquake. The program includes four distinct (yet integrated) components: (1) an emergency management plan, with emphasis on the catas trophic earthquake, (2) an Emergency Operations Center Duty Roster Manual, (3) an Integrated Automated Emergency Management Information System (IAEMIS), and (4) a series of five training program modules. The PLAN itself is comprised of four separate volumes: Volume I--Chapters 1--3; Volume II--Chapters 4--6, Volume III--Chapter 7, and Volume IV--23 Appendices. The EOC Manual (which includes 15 mutual aid agreements) is designated as Chapter 7 in the PLAN and is a ''stand alone'' document numbered as Volume III. This document, Volume IV contains the appendices to this report
Martin Marietta Paducah Gaseous Diffusion Plant comprehensive earthquake emergency management program
International Nuclear Information System (INIS)
Recognizing the value of a proactive, integrated approach to earthquake preparedness planning, Martin Marietta Energy Systems, Inc. initiated a contract in June 1989 with Murray State University, Murray, Kentucky, to develop a comprehensive earthquake management program for their Gaseous Diffusion Plant in Paducah, Kentucky (PGDP -- Subcontract No. 19P-JV649V). The overall purpose of the program is to mitigate the loss of life and property in the event of a major destructive earthquake. The program includes four distinct (yet integrated) components: (1) an emergency management plan with emphasis on the catas trophic earthquake; (2) an Emergency Operations Center Duty Roster Manual; (3) an Integrated Automated Emergency Management Information System (IAEMIS); and (4) a series of five training program modules. The PLAN itself is comprised of four separate volumes: Volume I -- Chapters 1--3; Volume II -- Chapters 4--6; Volume III -- Chapter 7; and Volume IV -- 23 Appendices. The EOC Manual (which includes 15 mutual aid agreements) is designated as Chapter 7 in the PLAN and is this document numbered as Volume III
Directory of Open Access Journals (Sweden)
Elena RUSE
Full Text Available The existence of risk in economic activity can not be denied. In fact, the risk is a concept which exists in every activity, the term of risk being identified with uncertainty, respectively the (unchance to produce an undesirable event. Internal audit and risk management aim at the same goal, namely the control of risks. Internal Audit performs several roles in risk management plan. The objectives of the internal audit function varies from company to company, but in all economic entities internal audit department aims to improve performance management, enterprise performance and thus improve the internal control system. This paper aims to demonstrate, among other things, that any event that may result in failure is unquestionably classified as risk.
Integrated supply chain risk management
Directory of Open Access Journals (Sweden)
Riaan Bredell
Full Text Available Integrated supply chain risk management (ISCRM has become indispensable to the theory and practice of supply chain management. The economic and political realities of the modern world require not only a different approach to supply chain management, but also bold steps to secure supply chain performance and sustainable wealth creation. Integrated supply chain risk management provides supply chain organisations with a level of insight into their supply chains yet to be achieved. If correctly applied, this process may optimise management decision-making and assist in the protection and enhancement of shareholder value.
Enterprise risk management and disclosure
Directory of Open Access Journals (Sweden)
Nicoleta Farcane
Full Text Available Our paper deals with aspects regarding risk and uncertainty. Many risk management methods are today implemented in organizations. This perspective reveals that managers are linked in different forms to the activities they are managing, depending on the conditions and levels of uncertainty they are in. Actually, these multiple levels of uncertainty lead to the conclusion that any situation in an organizational system can be classified in two different models of organizational phenomena: the organizational phenomena that are putting managers and stakeholders in conditions of risk and the organizational phenomena that are putting them in condition of uncertainty. Using content analyze in this paper we survey the disclosure level of risk management information in the annual report of top Romanian listed companies.
Directory of Open Access Journals (Sweden)
Ms. Tatiana A. Ykovleva
Full Text Available The article discusses the features of investment risks and their causes, as well as provides a detailed classification of investment risks. The authors reveal the essence and content of the investment process, risk management, providing material for presentation in the form of a diagram. In conclusion, the article explains the use of the system of specialized institutions as a way to exclude the basic, or primary investment risk.
Risk factors for malnutrition in under-five children: one year after the Yogyakarta earthquake
Directory of Open Access Journals (Sweden)
Neti Nurani
Full Text Available Background Malnutrition in children under the age of five remains a major health problem, since half of mortality cases in this age group involve malnutrition. The 2006 earthquake caused destruction of physical, biological and socio-economic environments, potentially leading to malnutrition in Yogyakarta children. Objective To identify the prevalence and risk factors of malnutrition in Yogyakarta children under five years of age, one year after the 2006 earthquake. Methods We conducted a cross-sectional study among children aged 0 to 60 months in the Bambanglipuro Subdistrict, Bantul Regency, Yogyakarta from September to October 2007. Nutritional status was determined using weight for height Z-scores, according to the WHO 2006 Child Growth Standards. Results Out of 666 subjects, we found severe malnutrition, undernutrition, normal weight, and overweight status in 1.7%, 4.8%, 88.6% and 4.8%, respectively. By multivariate analysis, risk factors for malnutrition were not having been weighed during the previous three months (OR 0.35; 95% CI 0.1 to 0.8 and having acute respiratory infection in the previous two weeks (OR 1.99; 95% CI 1.1 to 3.8 Conclusion One year following the 2006 earthquake, acute respiratory infection in the previous two weeks and unmonitored growth in the previous three months were risk factors for malnutrition in children under five years.
Minimization of Basis Risk in Parametric Earthquake Cat Bonds
Franco, G.
A catastrophe -cat- bond is an instrument used by insurance and reinsurance companies, by governments or by groups of nations to cede catastrophic risk to the financial markets, which are capable of supplying cover for highly destructive events, surpassing the typical capacity of traditional reinsurance contracts. Parametric cat bonds, a specific type of cat bonds, use trigger mechanisms or indices that depend on physical event parameters published by respected third parties in order to determine whether a part or the entire bond principal is to be paid for a certain event. First generation cat bonds, or cat-in-a-box bonds, display a trigger mechanism that consists of a set of geographic zones in which certain conditions need to be met by an earthquake's magnitude and depth in order to trigger payment of the bond principal. Second generation cat bonds use an index formulation that typically consists of a sum of products of a set of weights by a polynomial function of the ground motion variables reported by a geographically distributed seismic network. These instruments are especially appealing to developing countries with incipient insurance industries wishing to cede catastrophic losses to the financial markets because the payment trigger mechanism is transparent and does not involve the parties ceding or accepting the risk, significantly reducing moral hazard. In order to be successful in the market, however, parametric cat bonds have typically been required to specify relatively simple trigger conditions. The consequence of such simplifications is the increase of basis risk. This risk represents the possibility that the trigger mechanism fails to accurately capture the actual losses of a catastrophic event, namely that it does not trigger for a highly destructive event or vice versa, that a payment of the bond principal is caused by an event that produced insignificant losses. The first case disfavors the sponsor who was seeking cover for its losses while the
Earthquake risk reduction in the United States: An assessment of selected user needs and recommendations for the National Earthquake Hazards Reduction Program
Energy Technology Data Exchange (ETDEWEB)
This Assessment was conducted to improve the National Earthquake Hazards Reduction Program (NEHRP) by providing NEHRP agencies with information that supports their user-oriented setting of crosscutting priorities in the NEHRP strategic planning process. The primary objective of this Assessment was to take a ``snapshot`` evaluation of the needs of selected users throughout the major program elements of NEHRP. Secondary objectives were to conduct an assessment of the knowledge that exists (or is being developed by NEHRP) to support earthquake risk reduction, and to begin a process of evaluating how NEHRP is meeting user needs. An identification of NEHRP`s strengths also resulted from the effort, since those strengths demonstrate successful methods that may be useful to NEHRP in the future. These strengths are identified in the text, and many of them represent important achievements since the Earthquake Hazards Reduction Act was passed in 1977.
Keeping focus on earthquakes at school for seismic risk mitigation of the next generations
Saraò, Angela; Barnaba, Carla; Peruzza, Laura
The knowledge of the seismic history of its own territory, the understanding of physical phenomena in response to an earthquake, the changes in the cultural heritage following a strong earthquake, the learning of actions to be taken during and after an earthquake, are piece of information that contribute to keep focus on the seismic hazard and to implement strategies for seismic risk mitigation. The training of new generations, today more than ever subject to rapid forgetting of past events, becomes therefore a key element to increase the perception that earthquakes happened and can happen at anytime and that mitigation actions are the only means to ensure the safety and to reduce damages and human losses. Since several years our institute (OGS) is involved in activities to raise awareness of education on earthquake. We aim to implement education programs with the goal of addressing a critical approach to seismic hazard reduction, differentiating the types of activities according to the age of the students. However, being such kind of activity unfunded, we can act at now only on a very limited number of schools per year. To be effective, the inclusion of the seismic risk issues in school curricula requires specific time and appropriate approaches when planning activities. For this reason, we involve also the teachers as proponents of activities and we encourage them to keep alive memories and discussion on earthquake in the classes. During the past years we acted mainly in the schools of the Friuli Venezia Giulia area (NE Italy), that is an earthquake prone area struck in 1976 by a destructive seismic event (Ms=6.5). We organized short training courses for teachers, we lectured classes, and we led laboratory activities with students. Indeed, being well known that students enjoy classes more when visual and active learning are joined, we propose a program that is composed by seminars, demonstrations and hands-on activities in the classrooms; for high school students
Risk Management Issues - An Aerospace Perspective
Perera, Jeevan S.
Phased-approach for implementation of risk management is necessary. Risk management system will be simple, accessible and promote communication of information to all relevant stakeholders for optimal resource allocation and risk mitigation. Risk management should be used by all team members to manage risks--risk office personnel. Each group is assigned Risk Integrators who are facilitators for effective risk management. Risks will be managed at the lowest-level feasible, elevate only those risks that require coordination or management from above. Risk reporting and communication is an essential element of risk management and will combine both qualitative and quantitative elements.. Risk informed decision making should be introduced to all levels of management. Provide necessary checks and balances to insure that risks are caught/identified and dealt with in a timely manner, Many supporting tools, processes & training must be deployed for effective risk management implementation. Process improvement must be included in the risk processes.
Risk Perception and Economic Value Of Disaster Mitigation Case of Bantul Post Earthquake May 2006
Directory of Open Access Journals (Sweden)
Suryanto Suryanto
Full Text Available Normal 0 false false false IN X-NONE AR-SA MicrosoftInternetExplorer4 This study aims to obtain empirical evidence of disaster mitigation in Bantul, Indonesia. The expected utility theory and impact of regional characteristics on individual perceptions was used to describe the disaster risk management process. The regional mapping based on hazard level was conducted by a Geographical Information System (GIS. Data used in this research were primary and secondary data. Primary data were obtained by distributing questionnaire to some respondents. Sample amounts used were 395 respondents. The research empirical contribution was to economic valuation method used towards safety and efforts to link regional characteristics, individual perception and also their willingness to conduct mitigation. The research practical contribution was to identify some key obstacles in disaster risk management. Based on multiple regression analysis, this study found that educational level, risk aversion degree, trust towards earthquake-resistant building, control ability, income level, classifi cation of hazard area contributes to higher Willingness To Pay (WTP for mitigation. It also found that perception towards central governmental roles variable did not affect to WTP for mitigation. However, the income levels of the communities in Bantul positively correspond to WTP for mitigation suggesting that the fi ndings were consistent with the expected utility theory. /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0cm; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso
Improving Operational Risk Management Using Business Performance Management Technologies
Bram Pieket Weeserik; Marco Spruit
Operational Risk Management (ORM) comprises the continuous management of risks resulting from: human actions, internal processes, systems, and external events. With increasing requirements, complexity and a growing volume of risks, information systems provide benefits for integrating risk management activities and optimizing performance. Business Performance Management (BPM) technologies are believed to provide a solution for effective Operational Risk Management by offering several combined ...
Scope of environmental risk management
Energy Technology Data Exchange (ETDEWEB)
O' Riordan, T
Environmental risk management embraces three techniques for project appraisal: cost/benefit analysis, environmental impact analysis and risk assessment. It also explicitly relates scientific investigations to political judgments, sometimes so closely that the two cannot be separated. Indeed it is now apparent that environmental risk management encompasses procedures both to review the relative merits and priorities of policies as well as to appraise the environmental risks of particular schemes. Until recently this relationship has not been fully appreciated, so much imagination and innovation is still required to develop the most-suitable mechanisms for review.
Directory of Open Access Journals (Sweden)
Chua, D. K. H.
Full Text Available The papers in this issue of the Journal come from different industry sectors, yet there can be a common theme that ties them together. Two of the papers address explicitly the issue of risk management, while the other three may be related to it in different degrees. One of the critical factors for project success is risk identification, as determined by Chua et al. (1999. The importance of risk management cannot be overemphasized. Failure to identify crucial risk elements in a project can lead to significant project failures in terms of cost and schedule.
Tailoring Risk Management in Design
DEFF Research Database (Denmark)
Tegeltija, M.; Oehmen, J.; McMahon, C. A.
While risk quantification research has grown over the last few decades, only a limited number of studies have addressed the overall process integration of these approaches in design risk management. This paper argues that the choice of risk quantification method has strong implications for several...... process aspects. We investigate current risk management maturity models and suggest an expansion to accommodate requirements originating from the choice of quantification method, and to inform the choice of quantification method, based on other process parameters, validated through 3 case companies....
Applied software risk management a guide for software project managers
Pandian, C Ravindranath
Few software projects are completed on time, on budget, and to their original specifications. Focusing on what practitioners need to know about risk in the pursuit of delivering software projects, Applied Software Risk Management: A Guide for Software Project Managers covers key components of the risk management process and the software development process, as well as best practices for software risk identification, risk planning, and risk analysis. Written in a clear and concise manner, this resource presents concepts and practical insight into managing risk. It first covers risk-driven project management, risk management processes, risk attributes, risk identification, and risk analysis. The book continues by examining responses to risk, the tracking and modeling of risks, intelligence gathering, and integrated risk management. It concludes with details on drafting and implementing procedures. A diary of a risk manager provides insight in implementing risk management processes.Bringing together concepts ...
Managing Multiple Risk Factors
National Research Council Canada - National Science Library
Lollis, Charlie
...) contribute to the racial differences in cardiovascular risk and events among women. High levels of socioeconomic stress, higher dietary fat intake and sedentary lifestyle are more prevalent among black than white women...
Knowledge management in support of enterprise risk management
Rodriguez, Eduardo; Edwards, John S.
Risk management and knowledge management have so far been studied almost independently. The evolution of risk management to the holistic view of Enterprise Risk Management requires the destruction of barriers between organizational silos and the exchange and application of knowledge from different risk management areas. However, knowledge management has received little or no attention in risk management. This paper examines possible relationships between knowledge management constructs relate...
Disaster Management System as an Element of Risk Management for Natural Disaster Systems Using the PESTLE Framework
Sarwar, D; Ramachandran, M; Hosseinian Far, A
Recently, we have witnessed so many natural catastrophes such as earthquakes in Japan, severe floods in the UK, US and many other parts of the world. Consequently businesses have been losing tens of billions of dollars as a result of various natural and man-made disasters. Disaster Management System (DMS) have proven to be important means for reducing risks associated with such damages to businesses. A DMS can minimize and in some cases, eliminates the risks through technical, management or o...
The NASA risk management program
International Nuclear Information System (INIS)
Buchbinder, B.; Philipson, L.L.
This paper reports that the NASA Risk Management Program has been established to ensure the appropriate application of risk-based procedures in support of the elimination, reduction, or acceptance of significant safety risks of concern in NASA. The term appropriate is emphasized, in that the particular procedures applied to each given risk are to reflect its character and prioritized importance, the technological and economic feasibility of its treatment. A number of key documents have been produced in support of this implementation. Databases, risk analysis tools, and risk communication procedures requisite to the execution of the risk management functions also are being developed or documented. Several risk management applications have been made and a comprehensive application to a major new NASA program is underway. This paper summarizes the development and current status of the NASA Risk Management Program. Some principal actions that have been carried out in NASA in consonance with the program are noted particularly, and views are presented on the program's likely future directions
CSIR Research Space (South Africa)
Walwyn, DR
Full Text Available Risk management practices in the R&D departments of many chemical and pharmaceutical companies lack much of the rigor and sophistication of the equivalent corporation in the financial sector. For instance investment decisions on research projects...
Risk Management and Value Creation
DEFF Research Database (Denmark)
Andersen, Torben Juul; Roggi, Oliviero
Corporate failures, periodic recessions, regional debt crises and volatile financial markets have intensified the focus on risk management as the means to deal with turbulent conditions. The ability to respond effectively to abrupt environmental impacts is considered an important source...... of competitive advantage. Yet, surprisingly little research has analyzed whether the presumed advantages of effective risk management are associated with superior outcomes. Here we present a comprehensive study of risk management effectiveness and the relationship to corporate performance based on more than 33......,500 observations in 3,400 firms over the turbulent 20-year period 1991-2010. Determining effective risk management as the ability to reduce earnings and cash flow volatility, we find that both have significant positive relationships to lagged performance measures after controlling for industry effects, company...
Risk assessment and risk management of mycotoxins.
Risk assessment is the process of quantifying the magnitude and exposure, or probability, of a harmful effect to individuals or populations from certain agents or activities. Here, we summarize the four steps of risk assessment: hazard identification, dose-response assessment, exposure assessment, and risk characterization. Risk assessments using these principles have been conducted on the major mycotoxins (aflatoxins, fumonisins, ochratoxin A, deoxynivalenol, and zearalenone) by various regulatory agencies for the purpose of setting food safety guidelines. We critically evaluate the impact of these risk assessment parameters on the estimated global burden of the associated diseases as well as the impact of regulatory measures on food supply and international trade. Apart from the well-established risk posed by aflatoxins, many uncertainties still exist about risk assessments for the other major mycotoxins, often reflecting a lack of epidemiological data. Differences exist in the risk management strategies and in the ways different governments impose regulations and technologies to reduce levels of mycotoxins in the food-chain. Regulatory measures have very little impact on remote rural and subsistence farming communities in developing countries, in contrast to developed countries, where regulations are strictly enforced to reduce and/or remove mycotoxin contamination. However, in the absence of the relevant technologies or the necessary infrastructure, we highlight simple intervention practices to reduce mycotoxin contamination in the field and/or prevent mycotoxin formation during storage.
Earthquake and volcano hazard notices: An economic evaluation of changes in risk perceptions
Bernknopf, R.L.; Brookshire, D.S.; Thayer, M.A.
Earthquake and volcano hazard notices were issued for the Mammoth Lakes, California area by the U.S. Geological Survey under the authority granted by the Disaster Relief Act of 1974. The effects on investment, recretion visitation, and risk perceptionsare explored. The hazard notices did not affect recreation visitation, although investment was affected. A perceived loss in the market value of homes was documented. Risk perceptions were altered for property owners. Communication of the probability of an event over time would enhance hazard notices as a policy instrument and would mitigate unnecessary market perturbations. ?? 1990.
76 FR 45724 - Clearing Member Risk Management
... proposed rules address risk management for cleared trades by futures commission merchants, swap dealers... Commission has proposed extensive regulations addressing open access and risk management at the derivatives..., 2011) (Risk Management Requirements for Derivatives Clearing Organizations). These proposed regulations...
Producers' Complex Risk Management Choices
Pennings, J.M.E.; Isengildina, O.; Irwin, S.H.; Garcia, P.; Good, D.L.
Producers have a wide variety of risk management instruments available, making their choice(s) complex. The way producers deal with this complexity can vary and may influence the impact that the determinants, such as risk aversion, have on their choices. A recently developed choice bracketing
From Seismic Scenarios to Earthquake Risk Assessment: A Case Study for Iquique, Chile.
Aguirre, P.; Fortuno, C.; Martin, J. C. D. L. L.; Vasquez, J.
Iquique is a strategic city and economic center in northern Chile, and is located in a large seismic gap where a megathrust earthquake and tsunami is expected. Although it was hit by a Mw 8.2 earthquake on April 1st 2014, which caused moderate damage, geophysical evidence still suggests that there is potential for a larger event, so a thorough risk assessment is key to understand the physical, social, and economic effects of such potential event, and devise appropriate mitigation plans. Hence, Iquique has been selected as a prime study case for the implementation of a risk assessment platform in Chile. Our study integrates research on three main elements of risk calculations: hazard evaluation, exposure model, and physical vulnerabilities. To characterize the hazard field, a set of synthetic seismic scenarios have been developed based on plate interlocking and the residual slip potential that results from subtracting the slip occurred during the April 1st 2014 rupture fault mechanism, obtained using InSAR+GPS inversion. Additional scenarios were developed based of the fault rupture model of the Maule 2010 Mw 8.8 earthquake and on the local plate locking models in northern Chile. These rupture models define a collection of possible realizations of earthquake geometries parameterized in terms of critical variables like slip magnitude, rise time, mean propagation velocity, directivity, and other, which are propagated to obtain a hazard map for Iquique (e.g. PGA, PGV, PDG). Furthermore, a large body of public and local data was used to construct a detailed exposure model for Iquique, including aggregated building count, demographics, essential facilities, and lifelines. This model together with the PGA maps for the April 1st 2014 earthquake are used to calibrate HAZUS outputs against observed damage, and adjust the fragility curves of physical systems according to more detailed analyses of typical Chilean building types and their structural properties, plus historical
Legal risk management in shipping
DEFF Research Database (Denmark)
Siig, Kristina
The book discusses the most typical legal challenges met in the chartering, broker, agent or port management part of the shipping industry. It discusses these issues in both English and Scandinavian law and gives indications on how to best ensure your legal risk management in these parts...
Applications of research from the U.S. Geological Survey program, assessment of regional earthquake hazards and risk along the Wasatch Front, Utah
Gori, Paula L.
INTERACTIVE WORKSHOPS: ESSENTIAL ELEMENTS OF THE EARTHQUAKE HAZARDS RESEARCH AND REDUCTION PROGRAM IN THE WASATCH FRONT, UTAH: Interactive workshops provided the forum and stimulus necessary to foster collaboration among the participants in the multidisciplinary, 5-yr program of earthquake hazards reduction in the Wasatch Front, Utah. The workshop process validated well-documented social science theories on the importance of interpersonal interaction, including interaction between researchers and users of research to increase the probability that research will be relevant to the user's needs and, therefore, more readily used. REDUCING EARTHQUAKE HAZARDS IN UTAH: THE CRUCIAL CONNECTION BETWEEN RESEARCHERS AND PRACTITIONERS: Complex scientific and engineering studies must be translated for and transferred to nontechnical personnel for use in reducing earthquake hazards in Utah. The three elements needed for effective translation, likelihood of occurrence, location, and severity of potential hazards, and the three elements needed for effective transfer, delivery, assistance, and encouragement, are described and illustrated for Utah. The importance of evaluating and revising earthquake hazard reduction programs and their components is emphasized. More than 30 evaluations of various natural hazard reduction programs and techniques are introduced. This report was prepared for research managers, funding sources, and evaluators of the Utah earthquake hazard reduction program who are concerned about effectiveness. An overview of the Utah program is provided for those researchers, engineers, planners, and decisionmakers, both public and private, who are committed to reducing human casualties, property damage, and interruptions of socioeconomic systems. PUBLIC PERCEPTIONS OF THE IMPLEMENTATION OF EARTHQUAKE MITIGATION POLICIES ALONG THE WASATCH FRONT IN UTAH: The earthquake hazard potential along the Wasatch Front in Utah has been well defined by a number of scientific and
Price Risk and Risk Management in Agriculture
Directory of Open Access Journals (Sweden)
Udo Broll
Full Text Available This note studies the risk-management decisions of a risk-averse farmer. The farmer faces multiple sources of price uncertainty. He sells commodities to two markets at two prices, but only one of these markets has a futures market. We show that the farmer's optimal commodity futures market position, i.e., a cross-hedge strategy, is actually an over-hedge, a full-hedge, or an under-hedge strategy, depending on whether the two prices are strongly positively correlated, uncorrelated, or negatively correlated, respectively.
Managing Supplier Sustainability Risk
Harilainen, Hanna-Riitta
Supply chains are increasingly global, often reaching to developing regions. The media pressure brand owners to be responsible, but a product is only as sustainable as the practices of all the companies involved in manufacturing it are. It's not enough that the brand owner acts responsibly; sustainable practices have to reach component and raw material suppliers upstream. Image risk has often been recognized as reason for investing in sustainability. In the supply chain context, supplier m...
International Nuclear Information System (INIS)
Evans, J.W.G.
While long term, fixed price contracts for fuel procurement and export of excess power may lock in the economics of a CHP plant, these do not necessarily give the best pricing opportunities that may exist during the life of those contracts. A more prudent approach may be to vary the length of the contracts and markets are now developing in gas and electricity to assist in the management of such a portfolio. (Author)
Underground risk management information systems
Energy Technology Data Exchange (ETDEWEB)
Matsuyama, S.; Inoue, M.; Sakai, T.
JCOAL has conducted Joint Research on an Underground Communication and Risk Management Information System with CSIRO of Australia under a commissioned study project for the promotion of coal use starting in fiscal 2002. The goal of this research project is the establishment of a new Safety System focusing on the comprehensive risk management information system by the name of Nexsys. The main components of the system are the Ethernet type underground communication system that represents the data communication base, and the risk management information system that permits risk analysis in real-time and provides decision support based on the collected data. The Nexsys is an open system and is a core element of the underground monitoring system. Using a vast amount of underground data, it is capable of accommodating a wide range of functions that were not available in the past. Because of it, it is possible to construct an advanced underground safety system. 14 figs., 4 tabs.
Earthquake and volcanic risks: issues for the Bataan Nuclear Power Plant
International Nuclear Information System (INIS)
Solidum, Dr. Renato U.
The proposed re-commissioning of the mothballed Bataan Nuclear Power Plant (BNPP) has raised objections that include the perceived unsafe siting of the BNPP on Mt. Natib, a potentially active volcano, in an earthquake-prone region. This concern must be evaluated through thorough seismological, paleo-seismic, volcanological and engineering studies. The BNPP sits on Napot Point on the southwest foot slope of Mt. Natib, an andesitic to dacitic stratovolcano just 30 kms south of Mt. Pinatubo. Natib's evolution is poorly known, but involved at least 3 explosive summit eruptions that formed a 6 km-diameter coalescent caldera and a younger 2-km diameter caldera. Pyroclastic flows define the cone surface, and available age dating includes a ±27 ka 14C age for a deposit on the eastern flanks and an 11-18 ka relative dating for suspected pyroclastic deposits in Subic Bay (1). Whether these represent the most recent eruptions is uncertain. A detailed magmatic/eruptive history defining magmatic recharge and eruption recurrence rates, from which probabilities for future eruptive activity can be analyzed, will be necessary for quantifying volcanic risk. Furthermore, Natib,Pinatubo and adjacent Mariveles are part of the Luzon Arc and associated with ongoing subduction along the Manila Trench. Subduction earthquakes are common, but apart from these, seismic risk is also being attributted to tectonic structures inland that include reported on site faults inferred from drilling, basin faults seen in reflection profiles (1), the Subic Bay Fault Zone delineated by magmatic studies (2) and various lineaments inferred from satellite imageries. These, plus seismicity in the region are being argued as indicators of earthquake threat. However, much emphasis is given maximum seismic magnitudes rather than peak ground accelerations (PGAs), epicentral rather than focal sources,and the inference of faults/lineaments rather than paleoseismic evidence of recent faulting. Paleoseismic studies of
Risk management for noncombustion wastes
International Nuclear Information System (INIS)
Connor, K.K.; Rice, J.S.
The Noncombustion Waste Risk Management Project is designed to incorporate the insights and information developed in these projects into tools that will help utilities make better noncombustion waste management decisions. Specific project goals are to synthesize information useful to utilities on noncombustion wastes, emphasize waste reduction as a priority over end-of-pipe management, develop methods to manage the costs and risks associated with noncombustion wastes (e.g., direct costs, permitting costs, liability costs, public relations costs), develop software and documentation to deliver the information and analysis methods to the industry. This project was initiated EPRI's Environment Division in late 1988. The early phases of the project involved gathering information on current noncombustion waste management practices, specific utility problems and concerns with respect to these wastes, current and potential future regulations, and current and emerging management options. Recent efforts have focused on characterizing the direct and indirect (e.g., lawsuits, remedial action) costs of managing these wastes and on developing and implementing risk management methods for a subset of wastes. The remainder of this paper describes the specific issues addressed by and the results and insights from the three completed waste-specific studies
Public perception of risks from nuclear power plants in Japan, before the Great East Japan Earthquake
International Nuclear Information System (INIS)
Murayama, Rumiko; Nakaune, Naoko; Kishikawa, Hiroki; Uchiyama, Iwao
On this research we aim to clarify public perception of risks from nuclear power plants before the Great East Japan Earthquake. The findings of the questionnaire survey conducted in 2010 showed that 1) about 70% of the people felt that they gained benefit from nuclear power plants and these were needed for their daily life. 2) Fifty percent respondents recognized there was danger to themselves and their family members with regards to nuclear power plants. The risks of nuclear power plants to Japanese society ware estimated higher than that risk to individuals of Japanese public. 3) Perception of risks from nuclear power plants to individual Japanese tended to be slightly lower between 1999 and 2010. (author)
Connecting Hazard Analysts and Risk Managers to Sensor Information.
Le Cozannet, Gonéri; Hosford, Steven; Douglas, John; Serrano, Jean-Jacques; Coraboeuf, Damien; Comte, Jérémie
Hazard analysts and risk managers of natural perils, such as earthquakes, landslides and floods, need to access information from sensor networks surveying their regions of interest. However, currently information about these networks is difficult to obtain and is available in varying formats, thereby restricting accesses and consequently possibly leading to decision-making based on limited information. As a response to this issue, state-of-the-art interoperable catalogues are being currently developed within the framework of the Group on Earth Observations (GEO) workplan. This article provides an overview of the prototype catalogue that was developed to improve access to information about the sensor networks surveying geological hazards (geohazards), such as earthquakes, landslides and volcanoes.
Risk Management in the Exchange Fund Account
Michel Rochette
In this article, author Michel Rochette of the Bank's Risk-Management Unit briefly describes the initiatives undertaken to identify, analyze, model, and manage the principal risks inherent in the transactions of the Exchange Fund Account (EFA), where the international reserves of the federal government are held. The author focuses on five types of risk: credit risk, market risk, liquidity risk, operational risk, and legal risk. In addition, the author presents the risk-management principles u...
Managing nuclear supplier risks
International Nuclear Information System (INIS)
Ramberg, B.
This paper reports that with the appearance of such third-tier suppliers as Argentina, Brazil, South Korea, Taiwan, China, and others capable of producing nuclear components and sensitive nuclear materials, assurance that importers are using nuclear energy benignly and safely may become more uncertain. It is therefore important to integrate emerging exporters and importers into a regime of norms designed to minimize nuclear risks. The experience of the London Nuclear Suppliers Group (NSG) to arrive at a code of conduct is encouraging. Placed in the context of the larger evolving nuclear energy regime that seeks to address nuclear safety, proliferation, terrorism, and military attacks on reactors, the international community has made substantial progress. Still, there is much that remains to be done
Risk management through concurrency
International Nuclear Information System (INIS)
Childress, J.R.; Briant, V.B.
More than ever before, management and technical professionals are concerned with the subtle and dynamic relationships between safety and performance in complex and hazardous industries. This is certainly true in the nuclear power industry. With the US electric energy industry on the verge of deregulation and increased competition, and with a virtual stoppage on building new nuclear power plants, the increasing demand for reliable sources of efficient electric energy is pressing the nuclear utilities to increase production. At the same time, public sentiment and regulatory pressures are increasing their focus on safety at all costs. The purpose of this paper is to present a proven approach to creating a new work culture for improved nuclear safety and performance. The concepts and material which make up this paper have been taken from both authors experience, research, and consulting in the nuclear industry for several years, as well as from over 20 years of consulting work on the relationships between organizational behavior, culture, and productivity
Managing economic risks through simulation
International Nuclear Information System (INIS)
Griffin, B.J.; Eresman, R.K.
Industrial operations are commonly managed in terms of such factors as raw material requirements, throughput, equipment reliability, and operator productivity. Simulation can be used to transform standard management performance measures into probabilistic measures which define the associated risks. These results provide valuable insight for effective management of economic risks. Case studies are presented using the Monte Carlo simulation method to demonstrate different applications of simulation techniques, various result formats, and their use for optimizing economic returns. In the first case study, design criteria for a large gas distribution system originally developed from worst-case demand estimates were modelled to provide a risk basis for decisions on alternative upgrading options. In the second, a commercial gas storage facility operation was modelled to develop economic marketing strategies balancing supply and demand requirements from multiple clients. 3 refs
Branding and the Risk Management Imperative
Directory of Open Access Journals (Sweden)
Fournier Susan
Full Text Available In an increasingly risky socioeconomic environment, management needs to proactively consider brand-related risks. To understand brands as tools for risk management, they need to understand four types of brand risk: brand reputation risk, brand dilution risk, brand cannibalization risk and brand stretch risk.
Branding and the Risk Management Imperative
Fournier Susan; Srinivasan Shuba
In an increasingly risky socioeconomic environment, management needs to proactively consider brand-related risks. To understand brands as tools for risk management, they need to understand four types of brand risk: brand reputation risk, brand dilution risk, brand cannibalization risk and brand stretch risk.
Babková, Ivana
Práce se zabývá problematikou řízení rizika v logistických řetězcích se zaměřením na jeden konkrétní článek řetězce. Definuje základní oblasti risk managementu, jeho hlavní aspekty a systém spojitého plánování. Zabývá se bezpečností práce v pojetí EU, České republiky a Velké Británie. V aplikační části uvádí řízení rizika v jednom článku logistického řetězce, skladu poskytovatele logistických služeb ve Velké Británii.
Risk management for industrial safety
International Nuclear Information System (INIS)
Novogno, A.
The catastrophic accidents which have occurred in the last decade, in both developed and developing countries, have drawn the attention of decision-makers in the safety area to the urgent necessity to assess and manage risks from hazardous industrial activities which are concentrated in large industrialized areas. The aim of this paper is to review experience gained in conducting studies in the area of 'comparisons of risks in energy systems' and on the practical application of 'cost effectiveness of risk reduction analysis among different energy systems' (case studies). It is also the aim of the paper to discuss and propose a general framework for defining an 'integrated approach' to risk assessment and management in highly industrialized regions within a country. (author)
Raeesi, M.; Sadeghi-Niaraki, A.
Earthquakes are among the most destructive natural disasters. Earthquakes happen mainly near the edges of tectonic plates, but they may happen just about anywhere. Earthquakes cannot be predicted. Quick response after disasters, like earthquake, decreases loss of life and costs. Massive earthquakes often cause structures to collapse, trapping victims under dense rubble for long periods of time. After the earthquake and destroyed some areas, several teams are sent to find the location of the d...
12 CFR 917.3 - Risk management.
... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Risk management. 917.3 Section 917.3 Banks and Banking FEDERAL HOUSING FINANCE BOARD GOVERNANCE AND MANAGEMENT OF THE FEDERAL HOME LOAN BANKS POWERS AND RESPONSIBILITIES OF BANK BOARDS OF DIRECTORS AND SENIOR MANAGEMENT § 917.3 Risk management. (a) Risk management...
[Risk Assessment and Risk Management of Chemicals in China].
Wang, Tie-yu; Zhou, Yun-qiao; Li, Qi-feng; Lü, Yong-long
Risk assessment and risk management have been increasingly approved as an effective approach for appropriate disposal and scientific management of chemicals. This study systematically analyzed the risk assessment methods of chemicals from three aspects including health risk, ecological risk and regional risk. Based on the current situation of classification and management towards chemicals in China, a specific framework of risk management on chemicals was proposed by selecting target chemicals, predominant industries and related stakeholders as the objects. The results of the present study will provide scientific support for improving risk assessment and reasonable management of chemicals in China.
International Nuclear Information System (INIS)
Joksimovich, V.
The world at large has enjoyed the benefits of industrial technology for almost two centuries. The managers of industrial facilities as well as members of the public focused on the benefits and typically ignored or underestimated the inherent risks entailed in deployment of these technologies. Two examples will be given for the sake of illustration. In the chemical industry, the impacts of various chemicals on humans are insufficiently understood. In addition, it was not even known that some hazardous chemicals could be formed in the chemical reactions taking place in various chemical reactors. This is equivalent to not knowing that Cesium-iodide compound can be formed within nuclear fuel nor the impact it might have on humans if released, which is inconceivable in the nuclear industry. In the era of risk recognition, many industrial managers proclaimed that safety is everybody's business. The basic premise behind this was that since everyone is responsible, no one can be blamed for accidents. This is, however, shifting because both economics and litigation are now compelling industrial managers to consider risk in conjunction with the benefit. The government managers in many cases interpreted their charter to reap benefits first and pay the price of risks later; e.g., the case of nuclear weapons production facilities seriously contaminated by radioactive and other hazardous materials. Cost of clean-up was estimated at more than $100 billion. Of course, the authors have similar examples in many other industries, e.g., Superfund project of chemical waste sites. The challenge for the technologists is to maximize the benefit/risk ratio, keeping the risks, real or perceived, acceptably small. This brings us to the issue of acceptable risks, the topic of this paper
Developing Risk Management as a Competitive Capability
Silva, E.; Wu, Y.; Ojiako, U.
At the level of the firm, three major parameters are found to influence the ability of SMEs to develop risk management competencies; these are enterprise risk management, internal control, and risk culture.
Advances in coastal disasters risk management : Lessons from the 2011 Tohoku tsunami
Jonkman, S.N.; Yasuda, T.; Tsimopoulou, V.; Kawai, H.; Kato, F.
The earthquake and tsunami of March 2011 led to death and destruction in coastal areas in Japan. A seminar was held in June 2012 for Japanese and Dutch coastal researchers to discuss lessons for the management of the risks in coastal areas associated with tsunamis, typhoons and storm surges. The
Risk management at GPU Nuclear
International Nuclear Information System (INIS)
Long, R.L.
This paper reports on GPU Nuclear. Among other goals, it established the independence of key safety functions as highlighted by the lessons learned from the accident. In particular, an independent Nuclear Assurance Division was established which include Quality Assurance, Training and Education, Emergency Preparedness, and Nuclear Safety Assessment. The latter consisted of corporate and site independent-safety-review groups. As the GPU Nuclear organization matured, a mid-1987 reorganization created an even more focused Planning and Nuclear Safety Division bringing together Nuclear Safety Assessment with Licensing and Regulatory Affairs and Risk Management. The Risk Management Group (RMG), which began its work in fall 1987, was formed to develop a framework for proactive identification, evaluation, and cost-effective reduction and management of risks of all types. The RMG set out to learn as much as possible about risks and their management in nuclear and other high-technology industries. This began with a thorough literature search. It progressed to interviews with individuals and organizations which have demonstrated innovative ideas, experience, and reputations for safe and reliable operation
centralized database . • Project Recon (formerly Risk Recon) is designed to be used by all Program Management Offices, Integrated Project Teams and any...Create growth plans to proactively capture benefits • Customize reports to group opportunities by programmatic, technical, business, contracting, and
Integrated Foreign Exchange Risk Management
DEFF Research Database (Denmark)
Aabo, Tom; Høg, Esben; Kuhn, Jochen
Empirical research has focused on export as a proxy for the exchange rate exposure and the use of foreign exchange derivatives as the instrument to deal with this exposure. This empirical study applies an integrated foreign exchange risk management approach with a particular focus on the role...
CEA: assessment of risk management 2011
International Nuclear Information System (INIS)
This report proposes an overview of CEA activities in the field of risk management in different areas: impact on the environment, installation safety, management of occupational risks (occupational health and safety), radiological protection of workers, transportation of hazardous materials, waste management, protection of sites, installations and heritage, management of emergency situations, management of law risks, controls and audits. It finally presents the risk management department
Directory of Open Access Journals (Sweden)
Vladut Iacob
Full Text Available Although the projects are different from each other there are many common things that contribute to their success. Looked overall, the success of a project is the result of a multitude of factors. This person is considered the "engine" of the project. The man who makes the action set for the achievement of project objectives to be brought to an end. The project manager must have the technical knowledge and economic diverse. He should be able to choose a team and lead. You must be tenacious, combative, to know how to communicate both within the team and beyond. In a word, the project manager must have an impressive stock of knowledge, skills and abilities and appreciate as Peter Drucker, to "exist for the organization. To be its servant. Any management who forget this will only cause damage to the organization. "This study will focus on highlighting the skills of the project manager and their role in managing difficult situations or risk.
Strategic crisis and risk communication during a prolonged natural hazard event: lessons learned from the Canterbury earthquake sequence
Wein, A. M.; Potter, S.; Becker, J.; Doyle, E. E.; Jones, J. L.
While communication products are developed for monitoring and forecasting hazard events, less thought may have been given to crisis and risk communication plans. During larger (and rarer) events responsible science agencies may find themselves facing new and intensified demands for information and unprepared for effectively resourcing communications. In a study of the communication of aftershock information during the 2010-12 Canterbury Earthquake Sequence (New Zealand), issues are identified and implications for communication strategy noted. Communication issues during the responses included reliability and timeliness of communication channels for immediate and short decision time frames; access to scientists by those who needed information; unfamiliar emergency management frameworks; information needs of multiple audiences, audience readiness to use the information; and how best to convey empathy during traumatic events and refer to other information sources about what to do and how to cope. Other science communication challenges included meeting an increased demand for earthquake education, getting attention on aftershock forecasts; responding to rumor management; supporting uptake of information by critical infrastructure and government and for the application of scientific information in complex societal decisions; dealing with repetitive information requests; addressing diverse needs of multiple audiences for scientific information; and coordinating communications within and outside the science domain. For a science agency, a communication strategy would consider training scientists in communication, establishing relationships with university scientists and other disaster communication roles, coordinating messages, prioritizing audiences, deliberating forecasts with community leaders, identifying user needs and familiarizing them with the products ahead of time, and practicing the delivery and use of information via scenario planning and exercises.
Tank waste remediation system risk management plan
International Nuclear Information System (INIS)
Zimmerman, B.D.
The purpose of the Tank Waste Remediation System (TWRS) Risk Management Plan is to describe a consistent approach to risk management such that TWRS Project risks are identified and managed to achieve TWRS Project success. The Risk Management Plan implements the requirements of the Tank Waste Remediation System Systems Engineering Management Plan in the area of risk management. Figure ES-1 shows the relationship of the TWRS Risk Management Plan to other major TWRS Project documents. As the figure indicates, the Risk Management Plan is a tool used to develop and control TWRS Project work. It provides guidance on how TWRS Project risks will be assessed, analyzed, and handled, and it specifies format and content for the risk management lists, which are a primary product of the risk management process. In many instances, the Risk Management Plan references the TWRS Risk Management Procedure, which provides more detailed discussion of many risk management activities. The TWRS Risk Management Plan describes an ongoing program within the TWRS Project. The Risk Management Plan also provides guidance in support of the TWRS Readiness To-Proceed (RTP) assessment package
Reducing the risk, managing safety.
Aldridge, Peter
Fire safety in healthcare premises has always been a challenge to those that discharge this duty. Statutory compliance should be a matter of course, but in an ever increasingly challenged NHS, even this is not a given. While the NHS is driven by managing very complex risk to deliver cutting edge healthcare, providers cannot be risk averse. Which risk, however, takes priority? Here Peter Aldridge, fire and corporate services manager at Leeds Teaching Hospitals NHS Trust, and Secretary to the National Association of Healthcare Fire Officers (NAHFO)--which will this month and next jointly stage fire safety seminars with IHEEM; see page 8--considers the key issues, with input from a fire officer at a leading mental health and community Trust.
Risk Management Practices: The Ghanaian Firms' Perspective ...
African Journals Online (AJOL)
Using a quantitative approach the findings of the study are that Ghanaian firms understand risk and risk management. Additionally, operational, liquidity and credit risk are the most dominant risks experienced while risk identification and selection jointly determine risk management practices in Ghana. Based on the findings ...
Risk Management of NASA Projects
Sarper, Hueseyin
Various NASA Langley Research Center and other center projects were attempted for analysis to obtain historical data comparing pre-phase A study and the final outcome for each project. This attempt, however, was abandoned once it became clear that very little documentation was available. Next, extensive literature search was conducted on the role of risk and reliability concepts in project management. Probabilistic risk assessment (PRA) techniques are being used with increasing regularity both in and outside of NASA. The value and the usage of PRA techniques were reviewed for large projects. It was found that both civilian and military branches of the space industry have traditionally refrained from using PRA, which was developed and expanded by nuclear industry. Although much has changed with the end of the cold war and the Challenger disaster, it was found that ingrained anti-PRA culture is hard to stop. Examples of skepticism against the use of risk management and assessment techniques were found both in the literature and in conversations with some technical staff. Program and project managers need to be convinced that the applicability and use of risk management and risk assessment techniques is much broader than just in the traditional safety-related areas of application. The time has come to begin to uniformly apply these techniques. The whole idea of risk-based system can maximize the 'return on investment' that the public demands. Also, it would be very useful if all project documents of NASA Langley Research Center, pre-phase A through final report, are carefully stored in a central repository preferably in electronic format.
Assessment of risks of loose landslide deposits formed by the 2008 Wenchuan earthquake
Zhang, S.; Zhang, L. M.; Peng, M.; Zhang, L. L.; Zhao, H. F.; Chen, H. X.
A Geographic Information System (GIS)-based quantitative risk assessment methodology was adopted to evaluate the risks of loose deposits formed by the 2008 Wenchuan earthquake along a highway near the epicenter. A total of 305 loose deposits with a total volume of 4.0 × 107 m3 has been identified. A physical model was used to determine the failure probability of these loose deposits under six rainfall scenarios, assuming the loose deposits as infinite slopes. The calculated probability of rain-induced slope failures is verified by the recorded landslides at the same site during a storm in 2010. Seventy-nine out of the 112 rain-induced loose deposit failures are predicted by the reliability analysis, with an accuracy of 71%. The results of reliability analysis and information on the consequence of these rain-induced landslides enable the estimation of the annual societal and individual risks of the loose deposits. Under the rainfall scenarios of 30 mm/12 h and 70 mm/12 h, the estimated annual societal risks reach 8.8 and 7.5, respectively, and the individual risks reach 0.05 and 0.04, respectively, which are very high compared with present risk acceptance criteria. The preliminary assessment provides a benchmark for studying the long-term risks of these loose deposits and engineering decision.
Legal analysis of citizen lawsuit toward management of the 2006 Yogyakarta earthquake
Suprihadi, Bambang
The Asian Disaster Reduction Center informed that on 27 May 2006 at 5:54 AM Local time or 26 May 2006 at 10:54:00 PM UTC, an M6.3 earthquake has struck the very highly populated region of Yogyakarta. The death estimated between 5,775 and 6,234 and the number of injured was between 46,000 and 53,000. Invitation letters were sent to Indonesia Agency for Meteorology Climatology and Geophysics (BMKG) and to 18 government institutions for attending the session at the Yogyakarta Court on 4 December 2006. Such case was a lawsuit proposed by 46 citizens and registered as number 73/PDT.G/ 2006/PN-Yk and the researcher attended court-session on behalf of the BMKG. Research is conducted to provide legal analysis of citizen lawsuit toward management of the 2006 Yogyakarta earthquake. Data was collected by examining the process of court sessions and mediation between Parties involved which then analysed using the relevant articles of Indonesian Civil Procedural Law. Legal analysis proposed by the researcher indicates that State Court (Pengadilan Negeri) held an `absolute competence' because such case shall not be settled by State Administrative Court (Pengadilan Tata Usaha Negara), however Yogyakarta District Court didn't hold a `relative competence' because such case shall be settled by the Central Jakarta District Court. Such case was not continued due to successful mediation between the two Parties. The 2006 Yogyakarta earthquake alerts BMKG as the earthquake information provider to work properly in accordance with the standard operating procedure to avoid citizen lawsuit that might be proposed in the near future.
Overview of the Hanford risk management plan
International Nuclear Information System (INIS)
Halverson, T.G.
The Project Hanford Management Contract called for the enhancement of site-wide decision processes, and development of a Hanford Risk Management Plan to adopt or develop a risk management system for the Hanford Site. This Plan provides a consistent foundation for Site issues and addresses site-wide management of risks of all types. It supports the Department of Energy planning and sitewide decision making policy. Added to this requirement is a risk performance report to characterize the risk management accomplishments. This paper presents the development of risk management within the context of work planning and performance. Also discussed are four risk elements which add value to the context
Earthquake and Tsunami: a movie and a book for seismic and tsunami risk reduction in Italy.
Nostro, C.; Baroux, E.; Maramai, A.; Graziani, L.; Tertulliani, A.; Castellano, C.; Arcoraci, L.; Casale, P.; Ciaccio, M. G.; Frepoli, A.
Italy is a country well known for the seismic and volcanic hazard. However, a similarly great hazard, although not well recognized, is posed by the occurrence of tsunami waves along the Italian coastline. This is testified by a rich catalogue and by field evidence of deposits left over by pre- and historical tsunamis, even in places today considered safe. This observation is of great importance since many of the areas affected by tsunamis in the past are today touristic places. The Italian tsunamis can be caused by different sources: 1- off-shore or near coast in-land earthquakes; 2- very large earthquakes on distant sources in the Mediterranean; 3- submarine volcanic explosion in the Tyrrhenian sea; 4- submarine landslides triggered by earthquakes and volcanic activity. The consequence of such a wide spectrum of sources is that an important part of the more than 7000 km long Italian coast line is exposed to the tsunami risk, and thousands of inhabitants (with numbers increasing during summer) live near hazardous coasts. The main historical tsunamis are the 1783 and 1908 events that hit Calabrian and Sicilian coasts. The recent tsunami is that caused by the 2002 Stromboli landslide. In order to reduce this risk and following the emotional impact of the December 2004 Sumatra earthquake and tsunami, we developed an outreach program consisting in talks given by scientists and in a movie and a book, both exploring the causes of the tsunami waves, how do they propagate in deep and shallow waters, and what are the effects on the coasts. Hints are also given on the most dangerous Italian coasts (as deduced by scientific studies), and how to behave in the case of a tsunami approaching the coast. These seminars are open to the general public, but special programs are developed with schools of all grades. In this talk we want to present the book and the movie used during the seminars and scientific expositions, that was realized from a previous 3D version originally
Risk Management for e-Business
Directory of Open Access Journals (Sweden)
Full Text Available In the new Internet economy, risk management plays a critical role to protect the organization and its ability to perform their business mission, not just its IT assets. Risk management is the process of identifying risk, assessing risk, and taking steps to reduce risk to an acceptable level. The risk management is an important component of a IT security program. Information and communications technology management and IT security are responsible for ensuring that technology risks are managed appropriately. These risks originate from the deployment and use of IT assets in various ways, such as configuring systems incorrectly or gaining access to restricted software.
Risk Management Practices by Barbadian Banks
Directory of Open Access Journals (Sweden)
Anthony Wood
The main findings of the paper are: risk managers perceive risk management as critical to their banks' performance; the types of risks causing the greatest exposures are credit risk, operational risk, country/sovereign risk, interest rate risk and market risk; there was a high level of success with current risk management practices and these practices have evolved over time in line with the changing economic environment and regulatory updates. Overall, the findings suggest strongly that in light of the current depressed economic climate, banks operating in Barbados are indeed risk-focused or might we say "risk intelligent".
Tank waste remediation system risk management list
International Nuclear Information System (INIS)
Collard, L.B.
The Tank Waste Remedation System (TWRS) Risk Management List and it's subset of critical risks, the Critical Risk Management List, provide a tool to senior RL and WHC management (Level-1 and -2) to manage programmatic risks that may significantly impact the TWRS program. The programmatic risks include cost, schedule, and performance risks. Performance risk includes technical risk, supportability risk (such as maintainability and availability), and external risk (i.e., beyond program control, for example, changes in regulations). The risk information includes a description, its impacts, as evaluation of the likelihood, consequences and risk value, possible mitigating actions, and responsible RL and WHC managers. The issues that typically form the basis for the risks are presented in a separate table and the affected functions are provided on the management lists
Risk Management for Food Allergy
DEFF Research Database (Denmark)
Risk Management for Food Allergy is developed by a team of scientists and industry professionals who understand the importance of allergen risk assessment and presents practical, real-world guidance for food manufacturers. With more than 12 million Americans suffering from food allergies and little...... appropriate "safe" thresholds of ingredients, the food industry must take increasingly proactive steps to avoid direct or cross-contamination as well as ensuring that their products are appropriately labeled and identified for those at risk. This book covers a range of critical topics in this area, including...... indication of what is causing that number to continue to grow, food producers, packagers and distributors need to appropriately process, label and deliver their products to ensure the safety of customers with allergic conditions. By identifying risk factors during processing as well as determining...
Posttraumatic stress disorder and posttraumatic growth coexistence and the risk factors in Wenchuan earthquake survivors.
Wu, Zhibin; Xu, Jiuping; Sui, Yan
Various studies have assessed the negative and/or positive changes in the aftermath of traumatic events. Yet few of these have addressed the factors associated with the coexistence of both negative and positive changes after a devastating earthquake. The aim of this study is to assess the relationship between the negative and positive changes and elucidate the risk factors of such changes one year after Wenchuan earthquake. A total of 2080 survivors from 19 counties participated in a self-report questionnaire survey which included the posttraumatic stress disorder (PTSD) Check list-Civilian, the posttraumatic growth PTG Inventory (PTGI). The prevalence of PTSD and moderate PTG was found to be 40.1% (95% CI [37.9% 42.3%]) and 51.1% (95% CI [48.9% 53.3%]). The PTSD and moderate PTG coexistence was 19.6% (95% CI [17.8% 21.4%]). PTSD symptom severity was significantly positively associated with the PTG score. Middle aged groups (31-40 and 41-50 years old, OR=2.323, 95% CI [1.059, 5.095] and OR=2.410, 95% CI [1.090, 5.329] respectively), those with lower income levels (OR=8.019, 95% CI [2.421, 26.558]), those living in temporary house (OR=1.946, 95% CI [1.280, 2.956]), and those who had had less social support (OR=1.109, 95% CI [1.076, 1.143]) had a significantly higher possibility for the presence of PTSD and moderate PTG coexistence. The results indicated the widespread positive changes in earthquake survivors. Better income levels and living conditions and higher social support were suggested to promote PTG in those with PTSD. Copyright © 2016 Elsevier Ireland Ltd. All rights reserved.
Major earthquakes of the past decade (2000-2010): a comparative review of various aspects of management.
Kalantar Motamedi, Mohammad Hosein; Sagafinia, Masoud; Ebrahimi, Ali; Shams, Ehsan; Kalantar Motamedi, Mostafa
This article sought to review and compare data of major earthquakes of the past decade and their aftermath in order to compare the magnitude, death toll, type of injuries, management procedures, extent of destruction and effectiveness of relief efforts. A retrospective study of the various aspects of management and aftermath of 5 major earthquakes of the past decade (2000-2010) was undertaken. This included earthquakes occurring in Bam Iran, Sichuan China, Port-au-Prince Haiti, Kashmir Pakistan and Ica Peru. A literature search was done via computer of published articles (indexed in Pubmed). The issues assessed included: 1)Local magnitude,2)Type of building structure 3)Time of the earthquake (day/time/season), 4)Time to rescue, 5)Triage, Transfer, and Treatment 6) Distribution of casualties (dead/ injured), 7)Degree of city damage, 8)Degree of damage to health facilities, 9)Field hospital availability, 10)International aid, 11)Air transfer, 12) Telecommunication systems availability, 13) PTSD prevalence, 14) Most common injury and 15) Most common disease outbreak. The Bam earthquake had the lowest (6.6 Richter's) and the Sichuan earthquake had the greatest magnitude (8.0 Richter's). Mortality in Haiti was 212,000 and it was the deadliest earthquake of the past decade. Collapse of heavy clay roofing structures was a major cause of death in Iran and Pakistan. Earthquakes occurring at night and nonworking days carried a high death toll. The time to rescue and treat was the lengthiest in Haiti (possibly contributing to the death to injured ratio). However, the worst dead to injured ratios were in Bam (51%) and in Pakistan (47%); the best ratio was in China (15%). Iran and Pakistan suffered the highest percentage of damage to the health facilities (90%). Field hospital availability, international aid and air transfer were important issues. Telecommunication systems were best in China and worst in Pakistan. PTSD prevalence was highest in Iran. Respiratory infection was
42 CFR 441.476 - Risk management.
... 42 Public Health 4 2010-10-01 2010-10-01 false Risk management. 441.476 Section 441.476 Public... Self-Directed Personal Assistance Services Program § 441.476 Risk management. (a) The State must... plan for how identified risks will be mitigated. (d) The State must ensure that the risk management...
Probabilistic risk assessment as an aid to risk management
International Nuclear Information System (INIS)
Garrick, B.J.
Probabilistic risk assessments are providing important insights into nuclear power plant safety. Their value is two-fold: first as a means of quantifying nuclear plant risk including contributors to risk, and second as an aid to risk management. A risk assessment provides an analytical plant model that can be the basis for performing meaningful decision analyses for controlling safety. It is the aspect of quantitative risk management that makes probabilistic risk assessment an important technical discipline of the future
Considerations on Integrating Risk and Quality Management
Directory of Open Access Journals (Sweden)
Maria POPESCU
Full Text Available This paper aims to highlight the links between risk management and quality management and to study the possibility of their integrated approach. The study reviews the evolution of risk approach within organizations and stresses the need to increase the effectiveness of this approach by incorporating risk management methodology in the quality management system. Starting from this idea, the authors present the current state of risk approach into quality management, basic rules of integrated quality-risk management and major difficulties which may arise in the implementation of integrated quality–risk systems.
Managing risks and hazardous in industrial operations
Energy Technology Data Exchange (ETDEWEB)
Almaula, S.C. [Woodward-Clyde International, Oakland, CA (United States)
The main objective of this paper is to demonstrate that it makes good business sense to identify risks and hazards of an operation and take appropriate steps to manage them effectively. Developing and implementing an effective risk and hazard management plan also contibutes to other industry requirements and standards. Development of a risk management system, key elements of a risk management plan, and hazards and risk analysis methods are outlined. Comparing potential risk to the cost of prevention is also discussed. It is estimated that the cost of developing and preparing the first risk management plan varies between $50,000 to $200,000. 3 refs., 2 figs., 1 tab.
Hanford Tanks Initiative risk management guide
International Nuclear Information System (INIS)
Schaus, P.S.
This project-specific Risk Management Guide describes the general approach and process being used by the HTI Project to manage risk associated with execution of the HTI mission. It includes the initial identification of risk and the quantification of its likelihood and severity of its consequences. It further addresses the formulation of risk mitigation plans, periodic statusing of the Risk Management List, and risk closure
Managing IT Integration Risk in Acquisitions
DEFF Research Database (Denmark)
Henningsson, Stefan; Kettinger, William J.
The article discusses a framework for evaluating risk of information technology (IT) integration in acquisitions. Topics include the use of the experience of serial acquirer Trelleborg AB to show the merits of the framework for managing the risk and to determine low-risk acquisitions......, the importance of managing IT integration risk, and various risk areas for acquisition IT integration....
Risk management in microfinance institutions
Batin, Artyom
In the following paper I have tried to find the correlation between type of ownership and effective risk management in the operations of microfinance institutions in India. The results found are consistent with the current findings of how the type of ownership does not impact both the financial or social performance of MFIs. Dataset of 72 MFIs was acquired from the Microfinance Information Exchange on MFIs and evaluated using an OLS regression. The results show that the type of ownership insi...
The role of INGVterremoti blog in information management during the earthquake sequence in central Italy
Directory of Open Access Journals (Sweden)
Maurizio Pignone
Full Text Available In this paper, we describe the role the INGVterremoti blog in information management during the first part of the earthquake sequence in central Italy (August 24 to September 30. In the last four years, we have been working on the INGVterremoti blog in order to provide quick updates on the ongoing seismic activity in Italy and in-depth scientific information. These include articles on specific historical earthquakes, seismic hazard, geological interpretations, source models from different type of data, effects at the surface, and so on. We have delivered information in quasi-real-time also about all the recent magnitude M≥4.0 earthquakes in Italy, the strongest events in the Mediterranean and in the world. During the 2016 central Italy, the INGVterremoti blog has continuously released information about seismic sequences with three types of posts: i updates on the ongoing seismic activity; ii reports on the activities carried out by the INGV teams in the field and any other working groups; iii in-depth scientific articles describing some specific analysis and results. All the blog posts have been shared automatically and in real time on the other social media of the INGVterremoti platform, also to counter the bad information and to fight rumors. These include Facebook, Twitter and INGVterremoti App on IOS and Android. As well, both the main INGV home page (http://www.ingv.it and the INGV earthquake portal (http://terremoti.ingv.it have published the contents of the blog on dedicated pages that were fed automatically. The work done day by day on the INGVterremoti blog has been coordinated with the INGV Press Office that has written several press releases based on the contents of the blog. Since August 24, 53 articles were published on the blog they have had more than 1.9 million views and 1 million visitors. The peak in the number of views, which was more than 800,000 in a single day, was registered on August 24, 2016, following the M 6
Risk management in nuclear power social aspects
International Nuclear Information System (INIS)
Sappa, N.N.
Problems connected with safety evaluation and risk management during operation of nuclear power installations are considered. Social aspects of risk assessment of enterprises with increased danger are discussed
Limits on the potential accuracy of earthquake risk evaluations using the L'Aquila (Italy earthquake as an example
Directory of Open Access Journals (Sweden)
John Douglas
Full Text Available This article is concerned with attempting to 'predict' (hindcast the damage caused by the L'Aquila 2009 earthquake (Mw 6.3 and, more generally, with the question of how close predicted damage can ever be to observations. Damage is hindcast using a well-established empirical-based approach based on vulnerability indices and macroseismic intensities, adjusted for local site effects. Using information that was available before the earthquake and assuming the same event characteristics as the L'Aquila mainshock, the overall damage is reasonably well predicted but there are considerable differences in the damage pattern. To understand the reasons for these differences, information that was only available after the event were include within the calculation. Despite some improvement in the predicted damage, in particularly by the modification of the vulnerability indices and the parameter influencing the width of the damage distribution, these hindcasts do not match all the details of the observations. This is because of local effects: both in terms of the ground shaking, which is only detectable by the installation of a much denser strong-motion network and a detailed microzonation, and in terms of the building vulnerability, which cannot be modeled using a statistical approach but would require detailed analytical modeling for which calibration data are likely to be lacking. Future studies should concentrate on adjusting the generic components of the approach to make them more applicable to their location of interest. To increase the number of observations available to make these adjustments, we encourage the collection of damage states (and not just habitability classes following earthquakes and also the installation of dense strong-motion networks in built-up areas.
Use of Ground Motion Simulations of a Historical Earthquake for the Assessment of Past and Future Urban Risks
Kentel, E.; Çelik, A.; karimzadeh Naghshineh, S.; Askan, A.
Erzincan city located in the Eastern part of Turkey at the conjunction of three active faults is one of the most hazardous regions in the world. In addition to several historical events, this city has experienced one of the largest earthquakes during the last century: The 27 December 1939 (Ms=8.0) event. With limited knowledge of the tectonic structure by then, the city center was relocated to the North after the 1939 earthquake by almost 5km, indeed closer to the existing major strike slip fault. This decision coupled with poor construction technologies, led to severe damage during a later event that occurred on 13 March 1992 (Mw=6.6). The 1939 earthquake occurred in the pre-instrumental era in the region with no available local seismograms whereas the 1992 event was only recorded by 3 nearby stations. There are empirical isoseismal maps from both events indicating indirectly the spatial distribution of the damage. In this study, we focus on this region and present a multidisciplinary approach to discuss the different components of uncertainties involved in the assessment and mitigation of seismic risk in urban areas. For this initial attempt, ground motion simulation of the 1939 event is performed to obtain the anticipated ground motions and shaking intensities. Using these quantified results along with the spatial distribution of the observed damage, the relocation decision is assessed and suggestions are provided for future large earthquakes to minimize potential earthquake risks.
Strategic raw materials. Risk management
International Nuclear Information System (INIS)
Bertau, Martin; Matschullat, Joerg; Kausch, Peter
This volume is divided into four chapters: (1) Raw material management, (2) Primary raw materials, (3) Secondary raw materials and recycling, (4). Processing and products. The topics for the chapter ''Raw material management'' are: Substitution of raw materials - framework conditions and implementation; Thales: Strategic raw materials; Time for cooperation between the EU and China in raw materials policy; Availability of elements for the semiconductor industry; Market price risks of raw material-intensive companies - identification and management. The topics on the second item ''Primary raw materials'' are: The supply of economic-critical raw materials - A search and analysis for causes; Lithium extraction from primary raw materials - state and perspectives; The global market of rare earths - A balancing act; Rare earth deposits in Namibia; New technologies in exploration and discovery - Focus on activities in Europe. The third chapter, ''Secondary Raw Materials and Recycling'', covered the topics: Technology metals - Systemic Requirements along the recycling chain; Integrated re-use of high-tech and greentech wastes; From the sewage sludge ash to the phosphorus fertilizer RecoPhos P38 in the stress field of waste, fertilizer and soil protection. In chapter 4. ''Processing and products'' are the topics: Treatment and processing of rare earth metals; Processing of mineral resources - opportunities and challenges; Consequences of modern germanium chemistry; Strategic resources - Risk management. A review and outlook with a pinch of fantasy.. [de
Earthquake Hazard Analysis Methods: A Review
Sari, A. M.; Fakhrurrozi, A.
One of natural disasters that have significantly impacted on risks and damage is an earthquake. World countries such as China, Japan, and Indonesia are countries located on the active movement of continental plates with more frequent earthquake occurrence compared to other countries. Several methods of earthquake hazard analysis have been done, for example by analyzing seismic zone and earthquake hazard micro-zonation, by using Neo-Deterministic Seismic Hazard Analysis (N-DSHA) method, and by using Remote Sensing. In its application, it is necessary to review the effectiveness of each technique in advance. Considering the efficiency of time and the accuracy of data, remote sensing is used as a reference to the assess earthquake hazard accurately and quickly as it only takes a limited time required in the right decision-making shortly after the disaster. Exposed areas and possibly vulnerable areas due to earthquake hazards can be easily analyzed using remote sensing. Technological developments in remote sensing such as GeoEye-1 provide added value and excellence in the use of remote sensing as one of the methods in the assessment of earthquake risk and damage. Furthermore, the use of this technique is expected to be considered in designing policies for disaster management in particular and can reduce the risk of natural disasters such as earthquakes in Indonesia.
Value at Risk models for Energy Risk Management
Novák, Martin
The main focus of this thesis lies on description of Risk Management in context of Energy Trading. The paper will predominantly discuss Value at Risk and its modifications as a main overall indicator of Energy Risk.
Risk management in product innovation projects
Halman, J.I.M.; Keizer, J.A.
In product innovation projects risk management has become increasingly important. Technological and commercial developments ask for effective and efficient product innovation. Systematic diagnosing and management of risks can help to make product innovation projects successful. In this paper a
Drug utilization research and risk management
Mazzaglia, Giampiero; Mol, Peter G. M.; Elseviers, Monique; Wettermark, Björn; Almarsdóttir, Anna Birna; Andersen, Morten; Benko, Ria; Bennie, Marion; Eriksson, Irene; Godman, Brian; Krska, Janet; Poluzzi, Elisabetta; Taxis, Katja; Vlahovic-Palcevski, Vera; Stichele, Robert Vander
Good risk management requires continuous evaluation and improvement of planned activities. The evaluation impact of risk management activities requires robust study designs and carefully selected outcome measures. Key learnings and caveats from drug utilization research should be applied to the
Operational Risk Management and Military Aviation Safety
National Research Council Canada - National Science Library
Ashley, Park
.... The Army's Class A aviation mishap rate declined after it implemented risk management (RM) principles in 1987. This reduction caught the attention of Air Force leadership who have since stated that the application of operational risk management...
Spatio-temporal earthquake risk assessment for the Lisbon Metropolitan Area - A contribution to improving standard methods of population exposure and vulnerability analysis
Freire, Sérgio; Aubrecht, Christoph
The recent 7.0 M earthquake that caused severe damage and destruction in parts of Haiti struck close to 5 PM (local time), at a moment when many people were not in their residences, instead being in their workplaces, schools, or churches. Community vulnerability assessment to seismic hazard relying solely on the location and density of resident-based census population, as is commonly the case, would grossly misrepresent the real situation. In particular in the context of global (climate) change, risk analysis is a research field increasingly gaining in importance whereas risk is usually defined as a function of hazard probability and vulnerability. Assessment and mapping of human vulnerability has however generally been lagging behind hazard analysis efforts. Central to the concept of vulnerability is the issue of human exposure. Analysis of exposure is often spatially tied to administrative units or reference objects such as buildings, spanning scales from the regional level to local studies for small areas. Due to human activities and mobility, the spatial distribution of population is time-dependent, especially in metropolitan areas. Accurately estimating population exposure is a key component of catastrophe loss modeling, one element of effective risk analysis and emergency management. Therefore, accounting for the spatio-temporal dynamics of human vulnerability correlates with recent recommendations to improve vulnerability analyses. Earthquakes are the prototype for a major disaster, being low-probability, rapid-onset, high-consequence events. Lisbon, Portugal, is subject to a high risk of earthquake, which can strike at any day and time, as confirmed by modern history (e.g. December 2009). The recently-approved Special Emergency and Civil Protection Plan (PEERS) is based on a Seismic Intensity map, and only contemplates resident population from the census as proxy for human exposure. In the present work we map and analyze the spatio-temporal distribution of
A risk-mitigation approach to the management of induced seismicity
Bommer, Julian J.; Crowley, Helen; Pinho, Rui
Earthquakes may be induced by a wide range of anthropogenic activities such as mining, fluid injection and extraction, and hydraulic fracturing. In recent years, the increased occurrence of induced seismicity and the impact of some of these earthquakes on the built environment have heightened both public concern and regulatory scrutiny, motivating the need for a framework for the management of induced seismicity. Efforts to develop systems to enable control of seismicity have not yet resulted in solutions that can be applied with confidence in most cases. The more rational approach proposed herein is based on applying the same risk quantification and mitigation measures that are applied to the hazard from natural seismicity. This framework allows informed decision-making regarding the conduct of anthropogenic activities that may cause earthquakes. The consequent risk, if related to non-structural damage (when re-location is not an option), can be addressed by appropriate financial compensation. If the risk poses a threat to life and limb, then it may be reduced through the application of strengthening measures in the built environment—the cost of which can be balanced against the economic benefits of the activity in question—rather than attempting to ensure that some threshold on earthquake magnitude or ground-shaking amplitude is not exceeded. However, because of the specific characteristics of induced earthquakes—which may occur in regions with little or no natural seismicity—the procedures used in standard earthquake engineering need adaptation and modification for application to induced seismicity.
Haliashova, Katsiaryna
Necessity of personnel risks management is based on research results. The authors' approaches to the determination of personnel risks and to their management have been explored. The author's definition of the concept of "personnel risks" is proposed. A classification of personnel risks is developed depending on the stage of origin and the tasks of the personnel policy, as well as the methods of management personnel risks in the organization. The article presents a methodical approach to perso...
12 CFR 932.1 - Risk management.
... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Risk management. 932.1 Section 932.1 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.1 Risk management. Before its new capital plan may take...
Study of International Standards of Risk Management
Directory of Open Access Journals (Sweden)
Dykan Volodymyr L.
Full Text Available The goal of the article lies in the study of existing international standards of risk management, an important factor of improvement of risk management in domestic corporations and enterprises and development of recommendations on application of international standards in Ukraine, in particular, within the framework of building corporate systems of risk management. The conducted study shows that approaches on organisation of the process of risk management, used in standards of risk management, are of general character and differ with the degree of detailing. Their undoubted value in development of risk management in Ukraine is identification of a general direction of building corporate systems of risk management in practice. The said approaches at the national and corporate levels of standardisation in Ukraine within the framework of building corporate systems of risk management would allow improvement of risk management in corporations and enterprises. The prospect of further studies of domestic specialists in the field of risk management is development of the domestic standard of risk management with consideration of modern domestic specific features of development of risk management in Ukraine and leading foreign experience.
Construction Management Risk System (CMRS for Construction Management (CM Firms
Directory of Open Access Journals (Sweden)
Kyungmo Park
Full Text Available After the global financial crisis of 2008, the need for risk management arose because it was necessary to minimize the losses in construction management (CM firms. This was caused by a decreased amount of orders in the Korean CM market, which intensified order competition between companies. However, research results revealed that risks were not being systematically managed owing to the absence of risk management systems. Thus, it was concluded that it was necessary to develop standard operating systems and implement risk management systems in order to manage risks effectively. Therefore, the purpose of this study was to develop a construction risk management system (CRMS for systematically managing risks. For this purpose, the field operation managers of CM firms were interviewed and surveyed in order to define risk factors. Upon this, a risk assessment priority analysis was performed. Finally, a risk management system that comprised seven modules and 20 sub-modules and was capable of responding systematically to risks was proposed. Furthermore, the effectiveness of this system was verified through on-site inspection. This system allows early response to risks, accountability verification and immediate response to legal disputes with clients by managing risk records.
Development of funding project risk management tools.
Funding project risk management is a process for identifying, assessing, and prioritizing project funding risks. To plan to : minimize or eliminate the impact of negative events, one must identify what projects have higher risk to respond to potentia...
Risk management and audit | IDRC - International Development ...
International Development Research Centre (IDRC) Digital Library (Canada)
... a well defined strategic and program framework and sound management processes; and ... A Risk Management Committee supports and monitors the Centre's ... placed on our highly qualified staff in our management of human resources.
Managing risk with renewable resources
International Nuclear Information System (INIS)
Brower, M.C.; Bernow, S.; Duckworth, M.; Spinney, P.; Bell, K.
One approach to managing risk is for a utility company to invest in diverse power sources such as wind power plants. Since wind plants consume no fuel, can be built in relatively small increments with short construction lead times, and generate no pollutants, it is often said that they offer significant protection from risks associated with conventional fossil-fuel power plants. With assistance from Convergence Research, Charles River Associates, and the Tellus Institute, the authors tested this hypothesis by conducting an in-depth analysis of the risk implications of a decision to build a 1,600 MW wind power plant instead of a 400 MW gas-fired combined cycle plant. (The two plants were assumed to have equal firm capacity.) The case study utility was Texas Utilities Electric, a very large investor-owned company serving an area with substantial, high-quality wind resources. The uncertain inputs included fuel prices, environmental regulations (specifically, CO 2 and air pollution controls), wind plant output, conventional plant availability, and load growth. Two different market scenarios were examined: traditional regulation and an unregulated wholesale market characterized either by a power pool or fixed-price contracts of varying duration. Conclusions are striking: under traditional regulation, wind energy provides a net present-value risk-reduction benefit of $3.4 to $7.8/MWh
Managing risks: Seveso and Harrisburg
International Nuclear Information System (INIS)
Conrads-Herzog, A.; Krebsbach-Gnath, C.
The publications dealing with the technical, organisation-relevant, and social preconditions for risk strategies rely on second-hand information, i.e. the conclusions which are drawn from the production accident in Seveso and the TMI-accident. A comparison results in common facts as well as in fundamental differences. In contrast to the authorities in Italy the authorities in the United States intervened more rapidly; the management of necessary measures was taken over by the authorities and very good information was given. (DG) [de
Earthquake Loss Assessment for the Evaluation of the Sovereign Risk and Financial Sustainability of Countries and Cities
Cardona, O. D.
Recently earthquakes have struck cities both from developing as well as developed countries, revealing significant knowledge gaps and the need to improve the quality of input data and of the assumptions of the risk models. The quake and tsunami in Japan (2011) and the disasters due to earthquakes in Haiti (2010), Chile (2010), New Zealand (2011) and Spain (2011), only to mention some unexpected impacts in different regions, have left several concerns regarding hazard assessment as well as regarding the associated uncertainties to the estimation of the future losses. Understanding probable losses and reconstruction costs due to earthquakes creates powerful incentives for countries to develop planning options and tools to cope with sovereign risk, including allocating the sustained budgetary resources necessary to reduce those potential damages and safeguard development. Therefore the use of robust risk models is a need to assess the future economic impacts, the country's fiscal responsibilities and the contingent liabilities for governments and to formulate, justify and implement risk reduction measures and optimal financial strategies of risk retention and transfer. Special attention should be paid to the understanding of risk metrics such as the Loss Exceedance Curve (empiric and analytical) and the Expected Annual Loss in the context of conjoint and cascading hazards.
Managing project risks and uncertainties
Directory of Open Access Journals (Sweden)
Mike Mentis
Full Text Available This article considers threats to a project slipping on budget, schedule and fit-for-purpose. Threat is used here as the collective for risks (quantifiable bad things that can happen and uncertainties (poorly or not quantifiable bad possible events. Based on experience with projects in developing countries this review considers that (a project slippage is due to uncertainties rather than risks, (b while eventuation of some bad things is beyond control, managed execution and oversight are still the primary means to keeping within budget, on time and fit-for-purpose, (c improving project delivery is less about bigger and more complex and more about coordinated focus, effectiveness and developing thought-out heuristics, and (d projects take longer and cost more partly because threat identification is inaccurate, the scope of identified threats is too narrow, and the threat assessment product is not integrated into overall project decision-making and execution. Almost by definition, what is poorly known is likely to cause problems. Yet it is not just the unquantifiability and intangibility of uncertainties causing project slippage, but that they are insufficiently taken into account in project planning and execution that cause budget and time overruns. Improving project performance requires purpose-driven and managed deployment of scarce seasoned professionals. This can be aided with independent oversight by deeply experienced panelists who contribute technical insights and can potentially show that diligence is seen to be done.
Enterprise Content Management Implementation and Risk
Directory of Open Access Journals (Sweden)
Jaroslava Klegová
Full Text Available Enterprise Content Management (ECM solutions are commonly used in many areas such as document management, record management, digital asset management, etc. Key features of ECM systems are capturing, indexing, preserving and retrieving of digital information. The state-of-the- art ECM solution can help revolutionize document management and further automated business processes which can lead to better decisions and competitive advantage. Risk management can reduce project failure and that is why controlling risk in ECM implementation projects is considered to be a major contributor to project success. To manage software risk, the first step is to identify a list of ECM projects' risks. The present paper provides an overview of ECM implementation risks and contains findings from a small survey on experience of ECM implementation and risk in Czech enterprises. Risk of implementation in the public sector is discussed more deeply with case study examples.
Measuring the effectiveness of earthquake forecasting in insurance strategies
Mignan, A.; Muir-Wood, R.
Given the difficulty of judging whether the skill of a particular methodology of earthquake forecasts is offset by the inevitable false alarms and missed predictions, it is important to find a means to weigh the successes and failures according to a common currency. Rather than judge subjectively the relative costs and benefits of predictions, we develop a simple method to determine if the use of earthquake forecasts can increase the profitability of active financial risk management strategies employed in standard insurance procedures. Three types of risk management transactions are employed: (1) insurance underwriting, (2) reinsurance purchasing and (3) investment in CAT bonds. For each case premiums are collected based on modelled technical risk costs and losses are modelled for the portfolio in force at the time of the earthquake. A set of predetermined actions follow from the announcement of any change in earthquake hazard, so that, for each earthquake forecaster, the financial performance of an active risk management strategy can be compared with the equivalent passive strategy in which no notice is taken of earthquake forecasts. Overall performance can be tracked through time to determine which strategy gives the best long term financial performance. This will be determined by whether the skill in forecasting the location and timing of a significant earthquake (where loss is avoided) is outweighed by false predictions (when no premium is collected). This methodology is to be tested in California, where catastrophe modeling is reasonably mature and where a number of researchers issue earthquake forecasts.
Risk management and energy systems
International Nuclear Information System (INIS)
Carlevaro, F.; Romerio, F.
In five sessions the following topics were dealt with: risk problems, risk analysis and evaluation tools, risks in industrial societies, risks of energy production, technological risks, ethics and political-social consensus. figs., tabs., refs
Directory of Open Access Journals (Sweden)
Full Text Available The purpose of this article is to highlight the importance of internal control and risk management. In practice, economic entities meet a variety of risks that have the origins from the internal environment or the external one. Although there are different of views on addressing the concept of risk - threats or opportunities, event or action, accordingly uncertain, proposed by specialists in risk management in this article we try to present these issues and identify techniques to counter risks occurrence. In this article we present also means managing risk and why needs to be implemented at institutional level a risk management. The paper concludes by highlight the role of efficient risk management in the company's management and company's activities.
Calysto: Risk Management for Commercial Manned Spaceflight
Dillaman, Gary
The Calysto: Risk Management for Commercial Manned Spaceflight study analyzes risk management in large enterprises and how to effectively communicate risks across organizations. The Calysto Risk Management tool developed by NASA's Kennedy Space Center's SharePoint team is used and referenced throughout the study. Calysto is a web-base tool built on Microsoft's SharePoint platform. The risk management process at NASA is examined and incorporated in the study. Using risk management standards from industry and specific organizations at the Kennedy Space Center, three methods of communicating and elevating risk are examined. Each method describes details of the effectiveness and plausibility of using the method in the Calysto Risk Management Tool. At the end of the study suggestions are made for future renditions of Calysto.
Commercializing fuel cells: managing risks
Bos, Peter B.
Commercialization of fuel cells, like any other product, entails both financial and technical risks. Most of the fuel cell literature has focussed upon technical risks, however, the most significant risks during commercialization may well be associated with the financial funding requirements of this process. Successful commercialization requires an integrated management of these risks. Like any developing technology, fuel cells face the typical 'Catch-22' of commercialization: "to enter the market, the production costs must come down, however, to lower these costs, the cumulative production must be greatly increased, i.e. significant market penetration must occur". Unless explicit steps are taken to address this dilemma, fuel cell commercialization will remain slow and require large subsidies for market entry. To successfully address this commercialization dilemma, it is necessary to follow a market-driven commercialization strategy that identifies high-value entry markets while minimizing the financial and technical risks of market entry. The financial and technical risks of fuel cell commercialization are minimized, both for vendors and end-users, with the initial market entry of small-scale systems into high-value stationary applications. Small-scale systems, in the order of 1-40 kW, benefit from economies of production — as opposed to economies to scale — to attain rapid cost reductions from production learning and continuous technological innovation. These capital costs reductions will accelerate their commercialization through market pull as the fuel cell systems become progressively more viable, starting with various high-value stationary and, eventually, for high-volume mobile applications. To facilitate market penetration via market pull, fuel cell systems must meet market-derived economic and technical specifications and be compatible with existing market and fuels infrastructures. Compatibility with the fuels infrastructure is facilitated by a
Science-Driven Approach to Disaster Risk and Crisis Management
Ismail-Zadeh, A.
Disasters due to natural extreme events continue to grow in number and intensity. Disaster risk and crisis management requires long-term planning, and to undertake that planning, a science-driven approach is needed to understand and assess disaster risks and to help in impact assessment and in recovery processes after a disaster. Science is used in assessments and rapid modeling of the disaster impact, in forecasting triggered hazards and risk (e.g., a tsunami or a landslide after a large earthquake), in contacts with and medical treatment of the affected population, and in some other actions. At the stage of response to disaster, science helps to analyze routinely the disaster happened (e.g., the physical processes led to this extreme event; hidden vulnerabilities; etc.) At the stage of recovery, natural scientists improve the existing regional hazard assessments; engineers try to use new science to produce new materials and technologies to make safer houses and infrastructure. At the stage of disaster risk mitigation new scientific methods and approaches are being developed to study natural extreme events; vulnerability of society is periodically investigated, and the measures for increasing the resilience of society to extremes are developed; existing disaster management regulations are improved. At the stage of preparedness, integrated research on disaster risks should be developed to understand the roots of potential disasters. Enhanced forecasting and early warning systems are to be developed reducing predictive uncertainties, and comprehensive disaster risk assessment is to be undertaken at local, regional, national and global levels. Science education should be improved by introducing trans-disciplinary approach to disaster risks. Science can help society by improving awareness about extreme events, enhancing risk communication with policy makers, media and society, and assisting disaster risk management authorities in organization of local and regional
Managing Risks in Dry Port Operations
Ciortescu Cezar-Gabriel; Pãvãla?cu Narcis Sebastian
The purpose of this paper is to have an in-depth look into the phenomenon of risk assessment and risk management strategies in managing dry port operations as an integrated part into international containerized freight trade. The fact that world crises take the form of disruptions, bankruptcies, breakdowns, macroeconomic and political changes, and disasters leads to higher risks and makes risk management more and more difficult. This paper aims to discuss the theory behind the dry port concep...
Alexandra-Codruta Popescu (Bîzoi); Cristian-Gabriel Bîzoi
Literature has focused largely on the field of supply chain risk management. Numerous risks occur within supply chain management. Until lately, behavioural risks (implying large amount of losses) have been neglected and considered not relevant. In this paper we provide an analysis of the importance of including behavioural research in logistics and supply chain risk management, what has been written so far and potential future research directions. Until now, literature on logistics and supply...
Probability concepts in quality risk management.
Claycamp, H Gregg
Essentially any concept of risk is built on fundamental concepts of chance, likelihood, or probability. Although risk is generally a probability of loss of something of value, given that a risk-generating event will occur or has occurred, it is ironic that the quality risk management literature and guidelines on quality risk management tools are relatively silent on the meaning and uses of "probability." The probability concept is typically applied by risk managers as a combination of frequency-based calculation and a "degree of belief" meaning of probability. Probability as a concept that is crucial for understanding and managing risk is discussed through examples from the most general, scenario-defining and ranking tools that use probability implicitly to more specific probabilistic tools in risk management. A rich history of probability in risk management applied to other fields suggests that high-quality risk management decisions benefit from the implementation of more thoughtful probability concepts in both risk modeling and risk management. Essentially any concept of risk is built on fundamental concepts of chance, likelihood, or probability. Although "risk" generally describes a probability of loss of something of value, given that a risk-generating event will occur or has occurred, it is ironic that the quality risk management literature and guidelines on quality risk management methodologies and respective tools focus on managing severity but are relatively silent on the in-depth meaning and uses of "probability." Pharmaceutical manufacturers are expanding their use of quality risk management to identify and manage risks to the patient that might occur in phases of the pharmaceutical life cycle from drug development to manufacture, marketing to product discontinuation. A probability concept is typically applied by risk managers as a combination of data-based measures of probability and a subjective "degree of belief" meaning of probability. Probability as
Risk management frameworks for human health and environmental risks.
Jardine, Cindy; Hrudey, Steve; Shortreed, John; Craig, Lorraine; Krewski, Daniel; Furgal, Chris; McColl, Stephen
A comprehensive analytical review of the risk assessment, risk management, and risk communication approaches currently being undertaken by key national, provincial/state, territorial, and international agencies was conducted. The information acquired for review was used to identify the differences, commonalities, strengths, and weaknesses among the various approaches, and to identify elements that should be included in an effective, current, and comprehensive approach applicable to environmental, human health and occupational health risks. More than 80 agencies, organizations, and advisory councils, encompassing more than 100 risk documents, were examined during the period from February 2000 until November 2002. An overview was made of the most important general frameworks for risk assessment, risk management, and risk communication for human health and ecological risk, and for occupational health risk. In addition, frameworks for specific applications were reviewed and summarized, including those for (1)contaminated sites; (2) northern contaminants; (3) priority substances; (4) standards development; (5) food safety; (6) medical devices; (7) prescription drug use; (8) emergency response; (9) transportation; (10) risk communication. Twelve frameworks were selected for more extensive review on the basis of representation of the areas of human health, ecological, and occupational health risk; relevance to Canadian risk management needs; representation of comprehensive and well-defined approaches; generalizability with their risk areas; representation of "state of the art" in Canada, the United States, and/or internationally; and extent of usage of potential usage within Canada. These 12 frameworks were: 1. Framework for Environmental Health Risk Management (US Presidential/Congressional Commission on Risk Assessment and Risk Management, 1997). 2. Health Risk Determination: The Challenge of Health Protection (Health and Welfare Canada, 1990). 3. Health Canada Decision
Credit Risk Evaluation : Modeling - Analysis - Management
Wehrspohn, Uwe
An analysis and further development of the building blocks of modern credit risk management: -Definitions of default -Estimation of default probabilities -Exposures -Recovery Rates -Pricing -Concepts of portfolio dependence -Time horizons for risk calculations -Quantification of portfolio risk -Estimation of risk measures -Portfolio analysis and portfolio improvement -Evaluation and comparison of credit risk models -Analytic portfolio loss distributions The thesis contributes to the evaluatio...
Directory of Open Access Journals (Sweden)
Annkatrin PORSCH
Full Text Available Horticultural farms in Germany face substantial business risks. However, fruit farms often struggle to implement appropriate risk management processes, and the risk management literature widely has ignored this farm type. The aim of the study was to improve the assessment of risks by farmers and the choice of suitable risk management instruments. Therefore, a risk management process based on subjective probabilities and suitable for small and medium-sized farms was developed, considering the specific needs of family run businesses. An online survey was conducted to achieve a comprehensive view of the risk perception and risk management practices of German fruit producers. Price and production risks are the most relevant risk categories for fruit farmers. However, among single risk sources, those in the people risk category were seen as the most important. Results show significant interactions among risk categories and a significant correlation between loss experience and the rating of risk categories. The assumption that risk averse farmers generally rate risks higher than risk neutral or risk seeking farmers cannot be confirmed. Diversification seems to be the most important risk management instrument for many fruit producers, especially diversification of marketing channels, farm income, and production activities. Further research should focus on the apparent inconsistency between the satisfaction with instruments reported by farmers and the actual implementation of many of them (e.g., hail insurance and anti-hail net. Furthermore, there is a need for research, to develop decision models considering the interactions of risks and risk management instruments, loss experience and risk seeking attitudes.
Earthquake Magnitude and Shaking Intensity Dependent Fragility Functions for Rapid Risk Assessment of Buildings
Directory of Open Access Journals (Sweden)
Marie-José Nollet
Full Text Available An integrated web application, referred to as ER2 for rapid risk evaluator, is under development for a user-friendly seismic risk assessment by the non-expert public safety community. The assessment of likely negative consequences is based on pre-populated databases of seismic, building inventory and vulnerability parameters. To further accelerate the computation for near real-time analyses, implicit building fragility curves were developed as functions of the magnitude and the intensity of the seismic shaking defined with a single intensity measure, input spectral acceleration at 1.0 s implicitly considering the epicentral distance and local soil conditions. Damage probabilities were compared with those obtained with the standard fragility functions explicitly considering epicentral distances and local site classes in addition to the earthquake magnitudes and respective intensity of the seismic shaking. Different seismic scenarios were considered first for 53 building classes common in Eastern Canada, and then a reduced number of 24 combined building classes was proposed. Comparison of results indicate that the damage predictions with implicit fragility functions for short (M ≤ 5.5 and medium strong motion duration (5.5 < M ≤ 7.5 show low variation with distance and soil class, with average error of less than 3.6%.
CEA - Assessment of risk management 2013
International Nuclear Information System (INIS)
Bigot, Bernard; Bonnevie, Edwige; Maillot, Bernard
After some introducing texts by CEA managers, this report proposes a rather detailed overview and presentation of CEA activities, objectives and obtained results in different fields: protection and control of the environment, installation safety, health, safety and radiation protection, transports of hazardous materials, waste management, protection of sites, installations and heritage, management of emergency situations, management of legal risks, internal controls and audits, activity of the risk management department, CEA activities from research to industry
Applications of modelling historical catastrophic events with implications for catastrophe risk management
Sorby, A.; Grossi, P.; Pomonis, A.; Williams, C.; Nyst, M.; Onur, T.; Seneviratna, P.; Baca, A.
The management of catastrophe risk is concerned with the quantification of financial losses, and their associated probabilities, for potential future catastrophes that might impact a region. Modelling of historical catastrophe events and, in particular, the potential consequences if a similar event were to occur at the present day can provide insight to help bridge the gap between what we know can happen from historical experience and what potential losses might be out there in the "universe" of potential catastrophes. The 1908 Messina Earthquake (and accompanying local tsunami) was one of the most destructive earthquakes to have occurred in Europe and by most accounts remains Europe's most fatal with over 70,000 casualties estimated. However, what would the potential consequences be, in terms of financial and human losses, if a similar earthquake were to occur at the present day? Exposures, building stock and populations can change over time and, therefore, the consequences of a similar earthquake at the present day may sensibly differ from those observed in 1908. The city of Messina has been reconstructed several times in its history, including following the 1908 earthquake and again following the Second World War. The 1908 earthquake prompted the introduction of the first seismic design regulations in Italy and since 1909 parts of the Messina and Calabria regions have been in the zones of highest seismic coefficient. Utilizing commercial catastrophe loss modelling technology - which combines the modelling of hazard, vulnerability, and financial losses on a database of property exposures - a modelled earthquake scenario of M7.2 in the Messina Straits region of Southern Italy is considered. This modelled earthquake is used to assess the potential consequences in terms of financial losses that an earthquake similar to the 1908 earthquake might have if it were to occur at the present day. Loss results are discussed in the context of applications for the financial
[The relevance of clinical risk management].
Gulino, Matteo; Vergallo, Gianluca Montanari; Frati, Paola
Medical activity includes a risk of possible injury or complications for the patients, that should drive the Health Care Institutions to introduce and/ or improve clinical Risk management instruments. Although Italy is still lacking a National project of Clinical Risk Management, a number of efforts have been made by different Italian Regions to introduce instruments of risk management. In addition, most of National Health Care Institutions include actually a Department specifically in charge to manage the clinical risk. Despite the practical difficulties, the results obtained until now suggest that the risk management may represent a useful instrument to contribute to the reduction of errors in clinical conduct. Indeed, the introduction of adequate instruments of prevention and management of clinical risk may help to ameliorate the quality of health care Institution services.
Contradictions Between Risk Management and Sustainable Development
Energy Technology Data Exchange (ETDEWEB)
Olsen, Odd Einar; Langhelle, Oluf; Engen, Ole A. [Univ. of Stavanger (Norway). Dept. of Media, Culture and Social Science
The aim of this paper is to discuss how risk management as a methodology and mindset influence on priorities and decisions concerning sustainable development. Management of risks and hazards often rely on partial analysis with a limited time frame. This may lead to a paradoxical situation where risk management and extended use of risk analysis could hamper long term sustainable development. The question is: Does the use of risk and vulnerability analysis (RaV-analysis) hamper or contribute to sustainable development? Because risk management and assessment has a more narrow scope and a limited time perspective based on well established methodologies, the tangible impacts of risk reducing measures in a project is easier to calculate than long-term and intangible impacts on global development. Empirical evidence is still scarce, but our preliminary conclusion is that mainstream risk management and assessments is counterproductive to sustainable development.
Contradictions Between Risk Management and Sustainable Development
International Nuclear Information System (INIS)
Olsen, Odd Einar; Langhelle, Oluf; Engen, Ole A.
The aim of this paper is to discuss how risk management as a methodology and mindset influence on priorities and decisions concerning sustainable development. Management of risks and hazards often rely on partial analysis with a limited time frame. This may lead to a paradoxical situation where risk management and extended use of risk analysis could hamper long term sustainable development. The question is: Does the use of risk and vulnerability analysis (RaV-analysis) hamper or contribute to sustainable development? Because risk management and assessment has a more narrow scope and a limited time perspective based on well established methodologies, the tangible impacts of risk reducing measures in a project is easier to calculate than long-term and intangible impacts on global development. Empirical evidence is still scarce, but our preliminary conclusion is that mainstream risk management and assessments is counterproductive to sustainable development
Risk management with options and futures under liquidity risk
Adam-Müller, A F A; Panaretou, A
Futures hedging creates liquidity risk through marking to market. Liquidity risk matters if interim losses on a futures position have to be financed at a markup over the risk-free rate. This study analyzes the optimal risk management and production decisions of a firm facing joint price and liquidity risk. It provides a rationale for the use of options on futures in imperfect capital markets. If liquidity risk materializes, the firm sells options on futures in order to partly cover this liqui...
Cattle farmers' perceptions of risk and risk management strategies
DEFF Research Database (Denmark)
Bishu, Kinfe G.; O'Reilly, Seamus; Lahiff, Edward
This study analyzes cattle farmers' perceptions of risk and risk management strategies in Tigray, Northern Ethiopia. We use survey data from a sample of 356 farmers based on multistage random sampling. Factor analysis is employed to classify scores of risk and management strategies, and multiple...... utilization were perceived as the most important strategies for managing risks. Livestock disease and labor shortage were perceived as less of a risk by farmers who adopted the practice of zero grazing compared to other farmers, pointing to the potential of this practice for risk reduction. We find strong...... evidence that farmers engage in multiple risk management practices in order to reduce losses from cattle morbidity and mortality. The results suggest that government strategies that aim at reducing farmers' risk need to be tailored to specific farm and farmer characteristics. Findings from this study have...
Hazard evaluation and risk management
International Nuclear Information System (INIS)
Fritzsche, A.F.
The eigth chapter deals with the actual handling of hazards. The principal issue concerns man's behaviour towards hazards as an individual formerly and today; the evaluation of expected results of both a positive and a negative kind as determined by the individual's values which may differ and vary greatly from one individual to the next. The evaluation of benefit and hazard as well as the risk management resulting from decision-taking are political processes in the democratic state. Formal decision-taking tools play a major role in this process which concerns such central issues like who will participate; how the decision is arrived at; the participation of citizens; specialist knowledge and participation of the general public. (HSCH) [de
Benchmarking Outdoor Expeditionary Program Risk Management Strategies
Meerts-Brandsma, Lisa; Furman, Nate; Sibthorp, Jim
In 2003, the University of Utah and the National Outdoor Leadership School (NOLS) completed a study that developed a risk management taxonomy in the outdoor adventure industry and assessed how different outdoor expeditionary programs (OEPs) managed risk (Szolosi, Sibthorp, Paisley, & Gookin, 2003). By unifying the language around risk, the…
Information risk management a practitioner's guide
Sutton, David
Information risk management (IRM) is about identifying, assessing and prioritising risks to keep information secure and available. This accessible book provides practical guidance to the principles and development of a strategic approach to an IRM programme. The only textbook for the BCS Practitioner Certificate in Information Risk Management.
Active Risk Management and Banking Stability
Silva Buston, C.F.
Abstract: This paper analyzes the net impact of two opposing effects of active risk management at banks on their stability: higher risk-taking incentives and better isolation of credit supply from varying economic conditions. We present a model where banks actively manage their portfolio risk by
Risk Management and Financial Derivatives: An Overview
S.M. Hammoudeh (Shawkat); M.J. McAleer (Michael)
textabstractRisk management is crucial for optimal portfolio management. One of the fastest growing areas in empirical finance is the expansion of financial derivatives. The purpose of this special issue on "Risk Management and Financial Derivatives" is to highlight some areas in which novel
Management of limb fractures in a teaching hospital: comparison between Wenchuan and Yushu earthquakes
Directory of Open Access Journals (Sweden)
MIN Li
Full Text Available 【Abstract】Objective: To comparatively analyze the medical records of patients with limb fractures as well as rescue strategy in Wenchuan and Yushu earthquakes so as to provide references for post-earthquake rescue. Methods: We retrospectively investigated 944 patients sustaining limb fractures, including 891 in Wenchuan earth-quake and 53 in Yushu earthquake, who were admitted to West China Hospital (WCH of Sichuan University. Results: In Wenchuan earthquake, WCH met its three peaks of limb fracture patients influx, on post-earthquake day (PED 2, 8 and 14 respectively. Between PED 3-14, 585 patients were transferred from WCH to other hospitals out-side the Sichuan Province. In Yushu earthquake, the maxi-mum influx of limb fracture patients happened on PED 3, and no one was shifted to other hospitals. Both in Wenchuan and Yushu earthquakes, most limb fractures were caused by blunt strike and crush/burying. In Wenchuan earthquake, there were 396 (396/942, 42.0% open limb fractures, includ-ing 28 Gustilo I, 201 Gustilo II and 167 Gustilo III injuries. But in Yushu earthquake, the incidence of open limb frac-ture was much lower (6/61, 9.8%. The percent of patients with acute complications in Wenchuan earthquake (167/891, 18.7% was much higher than that in Yushu earthquake (5/53, 3.8%. In Wenchuan earthquake rescue, 1 018 surgeries were done, composed of debridement in 376, internal fixation in 283, external fixation in 119, and vacuum sealing drainage in 117, etc. While among the 64 surgeries in Yushu earthquake rescue, the internal fixation for limb fracture was mostly adopted. All patients received proper treatment and sur-vived except one who died due to multiple organs failure in Wenchuan earthquake. Conclusion: Provision of suitable and sufficient medi-cal care in a catastrophe can only be achieved by construc-tion of sophisticated national disaster medical system, pre-diction of the injury types and number of injuries, and con-firmation of
Risk management at Lawrence Livermore National Laboratory
International Nuclear Information System (INIS)
Cummings, G.E.; Strait, R.S.
Managing risks at a large national laboratory presents a unique set of challenges. These challenges include the management of a broad diversity of activities, the need to balance research flexibility against management control, and a plethora of requirements flowing from regulatory and oversight bodies. This paper will present the experiences of Lawrence Livermore National Laboratory (LLNL) in risk management and in dealing with these challenges. While general risk management has been practiced successfully by all levels of Laboratory management, this paper will focus on the Laboratory's use of probabilistic safety assessment and prioritization techniques and the integration of these techniques into Laboratory operations
Lessons from the conviction of the L'Aquila seven: The standard probabilistic earthquake hazard and risk assessment is ineffective
Wyss, Max
An earthquake of M6.3 killed 309 people in L'Aquila, Italy, on 6 April 2011. Subsequently, a judge in L'Aquila convicted seven who had participated in an emergency meeting on March 30, assessing the probability of a major event to follow the ongoing earthquake swarm. The sentence was six years in prison, a combine fine of 2 million Euros, loss of job, loss of retirement rent, and lawyer's costs. The judge followed the prosecution's accusation that the review by the Commission of Great Risks had conveyed a false sense of security to the population, which consequently did not take their usual precautionary measures before the deadly earthquake. He did not consider the facts that (1) one of the convicted was not a member of the commission and had merrily obeyed orders to bring the latest seismological facts to the discussion, (2) another was an engineer who was not required to have any expertise regarding the probability of earthquakes, (3) and two others were seismologists not invited to speak to the public at a TV interview and a press conference. This exaggerated judgment was the consequence of an uproar in the population, who felt misinformed and even mislead. Faced with a population worried by an earthquake swarm, the head of the Italian Civil Defense is on record ordering that the population be calmed, and the vice head executed this order in a TV interview one hour before the meeting of the Commission by stating "the scientific community continues to tell me that the situation is favorable and that there is a discharge of energy." The first lesson to be learned is that communications to the public about earthquake hazard and risk must not be left in the hands of someone who has gross misunderstandings about seismology. They must be carefully prepared by experts. The more significant lesson is that the approach to calm the population and the standard probabilistic hazard and risk assessment, as practiced by GSHAP, are misleading. The later has been criticized as
Risk factor management: antiatherogenic therapies.
Gielen, Stephan; Sandri, Marcus; Schuler, Gerhard; Teupser, Daniel
Despite the advances in interventional techniques, the management of stable atherosclerosis remains the domain of optimal guideline-oriented therapy. Recent studies on the effects of aggressive lipid lowering on atheroma volume changes using intravascular ultrasound indicate that it is possible to achieve atherosclerosis regression by reaching low-density lipoprotein (LDL) levels less than 75 mg/dl. The pleiotropic anti-inflammatory effects of statins contribute to the reduction of cardiovascular (CV) event observed with aggressive lipid lowering. As a second important strategy to prevent disease progression, lifestyle changes with regular physical exercise are capable of halting the atherosclerotic process and reducing angina symptoms and CV events. Optimal medical therapy, a healthy lifestyle with regular physical exercise, and coronary interventions are not mutually exclusive treatment strategies. Over the last few decades, both have proved to be effective in significantly reducing the CV mortality in the Western world. However, risk factor modification contributed to at least half the effect in the reduction of CV mortality. This figure provides an estimate of what could be achieved if we were to take risk factor modification more seriously - especially in the acute care setting. The knowledge is there: today we have a better understanding on how to stop progression and even induce regression of atherosclerosis. Much research still needs to be done and will be done. In the meantime, however, our primary focus should lie in implementing what is already known. In addition, it is essential not just to treat CV risk factors, but also to treat them to achieve the target values as set by the guidelines of European Society of Cardiology.
Strategies for successful software development risk management
Directory of Open Access Journals (Sweden)
Marija Boban
Full Text Available Nowadays, software is becoming a major part of enterprise business. Software development is activity connected with advanced technology and high level of knowledge. Risks on software development projects must be successfully mitigated to produce successful software systems. Lack of a defined approach to risk management is one of the common causes for project failures. To improve project chances for success, this work investigates common risk impact areas to perceive a foundation that can be used to define a common approach to software risk management. Based on typical risk impact areas on software development projects, we propose three risk management strategies suitable for a broad area of enterprises and software development projects with different amounts of connected risks. Proposed strategies define activities that should be performed for successful risk management, the one that will enable software development projects to perceive risks as soon as possible and to solve problems connected with risk materialization. We also propose a risk-based approach to software development planning and risk management as attempts to address and retire the highest impact risks as early as possible in the development process. Proposed strategies should improve risk management on software development projects and help create a successful software solution.
Risk and/or resilience management
Directory of Open Access Journals (Sweden)
Jean-Paul Louisot
Full Text Available Risk management aims at managing all the uncertainties that may interfere with the objectives and missions of the organization. Resilience engineering aims at building its capacity to get over disturbances or stress while keeping the functionalities needed to survive, and possibly thrive. A recently open debate on an Internet blog launched by the risk managers of the Scottish Widows Bank seems to arise from what some professionals see as two competing branches of the management sciences. Whereas through the development of ERM – Enterprise-wide Risk Management – risk management is emerging at last to become a science, as well as an art and a practice, the mentioned above centered on the role of a newly forged name "resilience management". This opens a new front of the many debates that could derail the path to maturity of Risk Management as a science and reopen new silos much as Business Impact Analysis, BIA, or continuity management, might do if a clear distinction is not made between science, objectives and tools. However, because organizations are so interconnected today in the supply cloud that it is inevitable that they will face catastrophic risk and this is why resilience needs to be a core objective of any risk management plan? Whereas traditional risk management techniques alone may not be adequate to deal with such pervasive and insipient risk scenarios, resilience is ingrained into ERM
Management of limb fractures in a teaching hospital: comparison between Wenchuan and Yushu earthquakes.
Min, Li; Tu, Chong-qi; Liu, Lei; Zhang, Wen-li; Yi, Min; Song, Yue-ming; Huang, Fu-guo; Yang, Tian-fu; Pei, Fu-xing
To comparatively analyze the medical records of patients with limb fractures as well as rescue strategy in Wenchuan and Yushu earthquakes so as to provide references for post-earthquake rescue. We retrospectively investigated 944 patients sustaining limb fractures, including 891 in Wenchuan earthquake and 53 in Yushu earthquake, who were admitted to West China Hospital (WCH) of Sichuan University. In Wenchuan earthquake, WCH met its three peaks of limb fracture patients influx, on post-earthquake day (PED) 2, 8 and 14 respectively. Between PED 3-14, 585 patients were transferred from WCH to other hospitals outside the Sichuan Province. In Yushu earthquake, the maximum influx of limb fracture patients happened on PED 3, and no one was shifted to other hospitals. Both in Wenchuan and Yushu earthquakes, most limb fractures were caused by blunt strike and crush/burying. In Wenchuan earthquake, there were 396 (396/942, 42.0%) open limb fractures, including 28 Gustilo I, 201 Gustilo II and 167 Gustilo III injuries. But in Yushu earthquake, the incidence of open limb fracture was much lower (6/61, 9.8%). The percent of patients with acute complications in Wenchuan earthquake (167/891, 18.7%) was much higher than that in Yushu earthquake (5/53, 3.8%). In Wenchuan earthquake rescue, 1 018 surgeries were done, composed of debridement in 376, internal fixation in 283, external fixation in 119, and vacuum sealing drainage in 117, etc. While among the 64 surgeries in Yushu earthquake rescue, the internal fixation for limb fracture was mostly adopted. All patients received proper treatment and survived except one who died due to multiple organs failure in Wenchuan earthquake. Provision of suitable and sufficient medical care in a catastrophe can only be achieved by construction of sophisticated national disaster medical system, prediction of the injury types and number of injuries, and confirmation of participating hospitals?exact role. Based on the valuable rescue experiences
Risk Management in Mergers and Acquisitions
Directory of Open Access Journals (Sweden)
Dmitry O. Verdiev
Full Text Available M&A statistics show that less than a third of newly merged companies has realized their planned synergistic effects and increased shareholder value. According to the author, such disgusting situation is due to improper planning and failure of corporate management to understand the importance of risk management in M&A. Lack of practice in identification, evaluation, mitigation and regular monitoring of risks leads to the situation when many companies merge despite the fact that the merger bears substantial risks. Corporate management fails to include risk mitigation expenses in merger costs. In many cases, risk mitigation expenses may be so substantive that the merger loses its attractiveness. Only few companies implement risk management methodology while planning M&A activity. This methodology may anticipate and minimize the consequences of various risk factors that negatively influence integration process. The article suggests an implementation of risk management best practice. This risk management best practice may act as an effective tool of successful realization of synergistic effects in M&A and may be helpful in increasing shareholder value in post-merger period. Risk management is conducted throughout the stages of merger and includes identification, analysis, assessment, management and monitoring of risks. Implementation of risk management at early stages of merger planning significantly decreases uncertainty in relation to achievement of financial and operational goals of newly merged company. The article provides with typical M&A risk matrix that may be adapted for specific M&A project. Risk matrix includes a register of risks sorted by stages of M&A deal, quality assessment of their probability, influence and impact on merger as well as risk mitigation methods.
77 FR 13585 - Electricity Subsector Cybersecurity Risk Management Process Guideline
... DEPARTMENT OF ENERGY Electricity Subsector Cybersecurity Risk Management Process Guideline AGENCY... Electricity Subsector Cybersecurity Risk Management Process guideline. The guideline describes a risk... Cybersecurity Risk Management Process Guideline. The primary goal of this guideline is to describe a risk...
Hybrid Risk Management Methodology: A Case Study
Directory of Open Access Journals (Sweden)
Jacky Siu-Lun Ting
Full Text Available Risk management is a decision-making process involving considerations of political, social, economic and engineering factors with relevant risk assessments relating to a potential hazard. In the last decade, a number of risk management tools are introduced and employed to manage and minimize the uncertainty and threats realization to the organizations. However, the focus of these methodologies are different; in which companies need to adopt various risk management principles to visualize a full picture of the organizational risk level. Regarding to this, this paper presents a new approach of risk management that integrates Hierarchical Holographic Modeling (HHM, Enterprise Risk Management (ERM and Business Recovery Planning (BCP for identifying and assessing risks as well as managing the consequences of realized residual risks. To illustrate the procedures of the proposed methodology, a logistic company ABC Limited is chosen to serve as a case study Through applying HHM and ERM to investigate and assess the risk, ABC Limited can be better evaluated the potential risks and then took the responsive actions (e.g. BCP to handle the risks and crisis in near future.
Continuous Risk Management: A NASA Program Initiative
Hammer, Theodore F.; Rosenberg, Linda
NPG 7120.5A, "NASA Program and Project Management Processes and Requirements" enacted in April, 1998, requires that "The program or project manager shall apply risk management principles..." The Software Assurance Technology Center (SATC) at NASA GSFC has been tasked with the responsibility for developing and teaching a systems level course for risk management that provides information on how to comply with this edict. The course was developed in conjunction with the Software Engineering Institute at Carnegie Mellon University, then tailored to the NASA systems community. This presentation will briefly discuss the six functions for risk management: (1) Identify the risks in a specific format; (2) Analyze the risk probability, impact/severity, and timeframe; (3) Plan the approach; (4) Track the risk through data compilation and analysis; (5) Control and monitor the risk; (6) Communicate and document the process and decisions.
LastQuake: a comprehensive strategy for rapid engagement of earthquake eyewitnesses, massive crowdsourcing and risk reduction
Bossu, R.; Roussel, F.; Mazet-Roux, G.; Steed, R.; Frobert, L.
LastQuake is a smartphone app, browser add-on and the most sophisticated Twitter robot (quakebot) for earthquakes currently in operation. It fulfills eyewitnesses' needs by offering information on felt earthquakes and their effects within tens of seconds of their occurrence. Associated with an active presence on Facebook, Pinterest and on websites, this proves a very efficient engagement strategy. For example, the app was installed thousands of times after the Ghorka earthquake in Nepal. Language barriers have been erased by using visual communication; for example, felt reports are collected through a set of cartoons representing different shaking levels. Within 3 weeks of the magnitude 7.8 Ghorka earthquakes, 7,000 felt reports with thousands of comments were collected related to the mainshock and tens of its aftershocks as well as 100 informative geo-located pics. The QuakeBot was essential in allowing us to be identified so well and interact with those affected. LastQuake is also a risk reduction tool since it provides rapid information. Rapid information is similar to prevention since when it does not exist, disasters can happen. When no information is available after a felt earthquake, the public block emergency lines by trying to find out the cause of the shaking, crowds form potentially leading to unpredictable crowd movement, rumors spread. In its next release LastQuake will also provide people with guidance immediately after a shaking through a number of pop-up cartoons illustrating "do/don't do" items (go to open places, do not phone emergency services except if people are injured…). LastQuake's app design is simple and intuitive and has a global audience. It benefited from a crowdfunding campaign (and the support of the Fondation MAIF) and more improvements have been planned after an online feedback campaign organized in early June with the Ghorka earthquake eyewitnesses. LastQuake is also a seismic risk reduction tools thanks to its very rapid
Software And Systems Engineering Risk Management
RSKM 2004 COSO Enterprise RSKM Framework 2006 ISO/IEC 16085 Risk Management Process 2008 ISO/IEC 12207 Software Lifecycle Processes 2009 ISO/IEC...1 Software And Systems Engineering Risk Management John Walz VP Technical and Conferences Activities, IEEE Computer Society Vice-Chair Planning...Software & Systems Engineering Standards Committee, IEEE Computer Society US TAG to ISO TMB Risk Management Working Group Systems and Software
Implications of Risk Management Practices on Financial ...
African Journals Online (AJOL)
Implications of Risk Management Practices on Financial Performance of Sugar ... The respondents were functional heads of the companies under the survey. ... of downside losses in order to minimize the negative impact of risk on returns.
Directory of Open Access Journals (Sweden)
I. P. Bogomolova
Full Text Available In article the main characteristics of a control system by risks (the purpose, properties, the principles, requirements are defined, and also the possible mechanism of risk management of the flour-grinding enterprises is considered.
Business managers turn to risk assessment
International Nuclear Information System (INIS)
Allen, Frank
Risk assessments have evolved to help technical managers in nuclear and other industries to design and operate plant with safety in mind. However, they are now developing into the area of business management. (author)
Highly Enhanced Risk Management Emergency Satellite
DEFF Research Database (Denmark)
Dalmeir, Michael; Gataullin, Yunir; Indrajit, Agung
HERMES (Highly Enhanced Risk Management Emergency Satellite) is potential European satellite mission for global flood management, being implemented by Technical University Munich and European Space Agency. With its main instrument - a reliable and precise Synthetic Aperture Radar (SAR) antenna...
Prevalence and psychosocial risk factors of PTSD: 18 months after Kashmir earthquake in Pakistan.
Naeem, Farooq; Ayub, Muhammad; Masood, Khadija; Gul, Huma; Khalid, Mahwish; Farrukh, Ammara; Shaheen, Aisha; Waheed, Waquas; Chaudhry, Haroon Rasheed
On average in a year 939 earthquakes of a magnitude between 5 and 8 on the Richter scale occur around the world. In earthquakes developing countries are prone to large-scale destruction because of poor structural quality of buildings, and preparedness for earthquakes. On 8th October 2005, a major earthquake hit the remote and mountainous region of northern Pakistan and Kashmir. We wanted to find out the rate of PTSD in a randomly selected sample of participants living in earthquake area and the correlates of the PTSD. The study was conducted 18 months after the earthquake. We selected a sample of men and women living in the houses and tents for interviews. Using well established instruments for PTSD and general psychiatric morbidity we gathered information from over 1200 people in face to face interviews. We gathered information about trauma exposure and loss as well. 55.2% women and 33.4% men suffered from PTSD. Living in a joint family was protective against the symptoms of PTSD. Dose of exposure to trauma was associated with the symptoms of PTSD. Living in a tent was associated with general psychiatric morbidity but not with PTSD. We used questionnaire instead of interviews to detect the symptoms of psychiatric disorders. The symptoms of PTSD are common 18 months after the earthquake and they are specifically associated with the dose of trauma exposure. This may have implications for rehabilitation of this population. Copyright © 2010 Elsevier B.V. All rights reserved.
Crowdsourced earthquake early warning
Minson, Sarah E.; Brooks, Benjamin A.; Glennie, Craig L.; Murray, Jessica R.; Langbein, John O.; Owen, Susan E.; Heaton, Thomas H.; Iannucci, Robert A.; Hauser, Darren L.
Earthquake early warning (EEW) can reduce harm to people and infrastructure from earthquakes and tsunamis, but it has not been implemented in most high earthquake-risk regions because of prohibitive cost. Common consumer devices such as smartphones contain low-cost versions of the sensors used in EEW. Although less accurate than scientific-grade instruments, these sensors are globally ubiquitous. Through controlled tests of consumer devices, simulation of an Mw (moment magnitude) 7 earthquake on California's Hayward fault, and real data from the Mw 9 Tohoku-oki earthquake, we demonstrate that EEW could be achieved via crowdsourcing.
Business resilience: Reframing healthcare risk management.
Simeone, Cynthia L
The responsibility of risk management in healthcare is fractured, with multiple stakeholders. Most hospitals and healthcare systems do not have a fully integrated risk management system that spans the entire organizational and operational structure for the delivery of key services. This article provides insight toward utilizing a comprehensive Business Resilience program and associated methodology to understand and manage organizational risk leading to organizational effectiveness and operational efficiencies, with the fringe benefit of realizing sustainable operational capability during adverse conditions. © 2015 American Society for Healthcare Risk Management of the American Hospital Association.
Probabilistic risk assessment methodology for risk management and regulatory applications
International Nuclear Information System (INIS)
See Meng Wong; Kelly, D.L.; Riley, J.E.
This paper discusses the development and potential applications of PRA methodology for risk management and regulatory applications in the U.S. nuclear industry. The new PRA methodology centers on the development of This paper discusses the time-dependent configuration risk profile for evaluating the effectiveness of operational risk management programs at U.S. nuclear power plants. Configuration-risk profiles have been used as risk-information tools for (1) a better understanding of the impact of daily operational activities on plant safety, and (2) proactive planning of operational activities to manage risk. Trial applications of the methodology were undertaken to demonstrate that configuration-risk profiles can be developed routinely, and can be useful for various industry and regulatory applications. Lessons learned include a better understanding of the issues and characteristics of PRA models available to industry, and identifying the attributes and pitfalls in the developement of risk profiles
Directory of Open Access Journals (Sweden)
Full Text Available This article highlights the risk analysis within management, focusing on how a company could practicaly integrate the risks management in the existing leading process. Subsequently, it is exemplified the way of manage risk effectively, which gives numerous advantages to all firms, including improving their decision-making process. All these lead to the conclusion that the degree of risk specific to companies is very high, but if managers make the best decisions then it can diminish it and all business activitiy and its income are not influenced by factors that could disturb in a negative way .
Disaster Risk Management - The Kenyan Challenges
Nabutola, W.
Keywords: natural disasters; man-made disasters; terrorist attacks; land slides; disaster policies and legislations; fire; earthquakes; hurricanes; soil erosion; disaster research policy; Preamble: "Risk does not begin and end on the floor of the New York Stock Exchange. The vastness of the subject matter is daunting. Risk touches on the most profound aspects of psychology, mathematics, statistics and history. The literature is monumental; each day's headlines bring many new items of interest. But I know we are not unique, everywhere in the world risks abound." "AGAINST THE GODS the remarkable story of risk" by Peter L. Bernstein, 1998 The real challenge is what can we, as a nation do to avert, prevent them, or in the unfortunate event that they occur, how can we mitigate their impact on the economy? Introductory remarks: Disaster in Kenya, as indeed anywhere else, is not one of those happenings we can wish away. It can strike anywhere any time. Some of it is man-made but most of it is natural. The natural are sometimes induced by man in one way or another. For example, when we harvest trees without replacing them, this diminishes the forest cover and can lead to soil erosion, whose advanced form is land slides. Either way disasters in their different forms and sizes present challenges to the way we live our lives or not, perhaps, even how we die. Disasters in our country have reached crisis stage. 'In Chinese language, crisis means danger, but it also means opportunity' Les Brown, motivational speaker in "the power of a larger vision" Why I am interested Whereas Kenya experiences man made and natural disasters, there are more sinister challenges of the man-made variety. These loom on the horizon and, from time to time raise their ugly heads, taking many Kenyan lives in their wake, and property destroyed. These are post election violence and terrorist attacks, both related to politics, internal and external. In January 2008, soon after presidential and national
Disaster Risk Management - The Kenyan Challenge
Nabutola, W.; Scheer, S.
Keywords: natural disasters; man-made disasters; terrorist attacks; land slides; disaster policies and legislations; fire; earthquakes; hurricanes; soil erosion; disaster research policy; Preamble: "Risk does not begin and end on the floor of the New York Stock Exchange. The vastness of the subject matter is daunting. Risk touches on the most profound aspects of psychology, mathematics, statistics and history. The literature is monumental; each day's headlines bring many new items of interest. But I know we are not unique, everywhere in the world risks abound." "AGAINST THE GODS the remarkable story of risk" by Peter L. Bernstein, 1998 The real challenge is what can we, as a nation do to avert, prevent them, or in the unfortunate event that they occur, how can we mitigate their impact on the economy? Introductory remarks: Disaster in Kenya, as indeed anywhere else, is not one of those happenings we can wish away. It can strike anywhere any time. Some of it is man-made but most of it is natural. The natural are sometimes induced by man in one way or another. For example, when we harvest trees without replacing them, this diminishes the forest cover and can lead to soil erosion, whose advanced form is land slides. Either way disasters in their different forms and sizes present challenges to the way we live our lives or not, perhaps, even how we die. Disasters in our country have reached crisis stage. 'In Chinese language, crisis means danger, but it also means opportunity' Les Brown, motivational speaker in "the power of a larger vision" Why I am interested Whereas Kenya experiences man made and natural disasters, there are more sinister challenges of the man-made variety. These loom on the horizon and, from time to time raise their ugly heads, taking many Kenyan lives in their wake, and property destroyed. These are post election violence and terrorist attacks, both related to politics, internal and external. In January 2008, soon after presidential and national
Economic Exposure and Integrated Risk Management
Miller, Kent D.
Most corporate risk management research focuses on particular risk exposures to the exclusion of other interrelated exposures. By contrast, this study models corporate risk exposures using a multivariate approach integrating the distinct exposures of interest to finance and strategy researchers. The paper addresses the implications of multivariate modeling for corporate risk management, some key methodological issues arising in empirical estimation of corporate economic exposrues, and direc...
The purpose of this article is to highlight the importance of internal control and risk management. In practice, economic entities meet a variety of risks that have the origins from the internal environment or the external one. Although there are different of views on addressing the concept of risk - threats or opportunities, event or action, accordingly uncertain, proposed by specialists in risk management in this article we try to present these issues and identify techniques to ...
Directory of Open Access Journals (Sweden)
Elena Geanina Clipici
Full Text Available The following paper emphasizes the need to deepen the understanding of the notion of banking risk management by explaining the significant risks the bank encounters during financial exercises as well as their additional entries. The study of the paper will focus on UniCredit Bank during the years 2014 and 2015 on all types of risks, in which we will provide comprehensive data on how the UniCredit Bank management applies its risk policies.
CEA - Assessment of risk management for 2012
International Nuclear Information System (INIS)
Bonnevie, Edwige
This report proposes an overview of the main events, actions performed by the CEA, and facts for 2012 regarding protection and monitoring of the environment, installation safety, occupational health and safety, radiological protection of workers, transportation of hazardous materials, waste management, protection of sites, installations and heritage, emergency situation management, legal risk management, internal controls and audits. It also presents the organisation and action of the risk management department within the CEA
Management Ownership and Risk-Shifting Investment
Nobuyuki Teshima
This study analyzes the relationship between management ownership and its risk-shifting incentive. We first present a simple model showing that the risk-shifting incentive of management of financially distressed firms increases as the management ownership of the firm increases. Empirically, we test the hypothesis that under the former Japanese Corporate Reorganization Law, firms with higher management ownership are more likely to use legal rather than private reorganization. Since the reorgan...
Healthcare waste management during disasters and its effects on climate change: Lessons from 2010 earthquake and cholera tragedies in Haiti.
Raila, Emilia M; Anderson, David O
Despite growing effects of human activities on climate change throughout the world, and global South in particular, scientists are yet to understand how poor healthcare waste management practices in an emergency influences the climate change. This article presents new findings on climate change risks of healthcare waste disposal during and after the 2010 earthquake and cholera disasters in Haiti. The researchers analysed quantities of healthcare waste incinerated by the United Nations Mission in Haiti for 60 months (2009 to 2013). The aim was to determine the relationship between healthcare waste incinerated weights and the time of occurrence of the two disasters, and associated climate change effects, if any. Pearson product-moment correlation coefficient indicated a weak correlation between the quantities of healthcare waste disposed of and the time of occurrence of the actual emergencies (r (58) = 0.406, p = 0.001). Correspondingly, linear regression analysis indicated a relatively linear data trend (R 2 = 0.16, F (1, 58) = 11.42, P = 0.001) with fluctuating scenarios that depicted a sharp rise in 2012, and time series model showed monthly and yearly variations within 60 months. Given that the peak healthcare waste incineration occurred 2 years after the 2010 disasters, points at the need to minimise wastage on pharmaceuticals by improving logistics management. The Government of Haiti had no data on healthcare waste disposal and practised smoky open burning, thus a need for capacity building on green healthcare waste management technologies for effective climate change mitigation.
Feedback on flood risk management
Moreau, K.; Roumagnac, A.
For several years, as floods were increasing in South of France, local communities felt deprive to assume their mission of protection and information of citizens, and were looking for assistance in flood management. In term of flood disaster, the fact is that physical protection is necessary but inevitably limited. Tools and structures of assistance to anticipation remain slightly developed. To manage repeated crisis, local authorities need to be able to base their policy against flood on prevention, warnings, post-crisis analysis and feedback from former experience. In this objective, after 3 years of test and improvement since 2003, the initiative Predict-Services was developped in South of France: it aims at helping communities and companies to face repeated flood crisis. The principle is to prepare emergency plans, to organize crisis management and reduce risks; to help and assist communities and companies during crisis to activate and adapt their emergency plans with enough of anticipation; and to analyse floods effects and improve emergency plans afterwards. In order to reduce risks, and to keep the benefits of such an initiative, local communities and companies have to maintain the awareness of risk of the citizens and employees. They also have to maintain their safety plans to keep them constantly operational. This is a part of the message relayed. Companies, Local communities, local government authorities and basin stakeholders are the decision makers. Companies and local communities have to involve themselves in the elaboration of safety plans. They are also completely involved in their activation that is their own responsability. This applies to other local government authorities, like districts one's and basin stakeholders, which participle in the financing community safety plans and adminitrative district which are responsible of the transmission of meteorological alert and of rescue actions. In the crossing of the géo-information stemming from the
Risk Management for the International Space Station
Sebastian, J.; Brezovic, Philip
The International Space Station (ISS) is an extremely complex system, both technically and programmatically. The Space Station must support a wide range of payloads and missions. It must be launched in numerous launch packages and be safely assembled and operated in the harsh environment of space. It is being designed and manufactured by many organizations, including the prime contractor, Boeing, the NASA institutions, and international partners and their contractors. Finally, the ISS has multiple customers, (e.g., the Administration, Congress, users, public, international partners, etc.) with contrasting needs and constraints. It is the ISS Risk Management Office strategy to proactively and systematically manages risks to help ensure ISS Program success. ISS program follows integrated risk management process (both quantitative and qualitative) and is integrated into ISS project management. The process and tools are simple and seamless and permeate to the lowest levels (at a level where effective management can be realized) and follows the continuous risk management methodology. The risk process assesses continually what could go wrong (risks), determine which risks need to be managed, implement strategies to deal with those risks, and measure effectiveness of the implemented strategies. The process integrates all facets of risk including cost, schedule and technical aspects. Support analysis risk tools like PRA are used to support programatic decisions and assist in analyzing risks.
Social Risk and the Management of MNCs
DEFF Research Database (Denmark)
Taarup Esbensen, Jacob
Multinational companies (MNCs) are increasing being exposed to risk that originate from local communities in the business environment where they operate. The response has been to implement systems for stakeholder engagement by including social issues into their risk management systems. However......" systems, which are based on the capability to identify frames and sensemaking processes. This paper show how social risk management can be conventionalised using distinct theoretical domains taking its outset in a sociological perspective on risk, linking International Business (IB) risk management...
Risks management in project planning
Stankevičiūtė, Roberta
Project management consists of two very important aspects – managing the right project and managing the project right. To know that you are managing the right project you need to ensure that your project is based on an actual requirement and that your project goal is relevant and beneficial. And professional project planning assists in managing project the right way. The project planning process is very time consuming and is one of the most important parts of the project management process. T...
The total theory about risk management
International Nuclear Information System (INIS)
Furuya, Shunsuke
A general working procedure of risk management, some example of other countries, topics and problems in the future are described. A definition of risk, risk assessment, risk management process, setting of aim and definite policy are explained. As a fundamental way of thinking, risk is controlled by ALARP (As Low As Reasonably Practicable). The upper and lower limit of risk level is called as Quantitative Safety Goal and Target Level of Safety, respectively. These limits in the atomic power and airplane are decided. Evaluation of risk, countermeasure and practice are explained. For example, a permissible range of risk and practical use in England, U.S.A, Holland and Japan are stated. Recently, accountability risk, missing demand risk and control risk are important. (S.Y.)
Development of computerized risk management tool
International Nuclear Information System (INIS)
Kil Yoo Kim; Mee Jung Hwang; Seung Cheol Jang; Sang Hoon Han; Tae Woon Kim
The author describes the kinds of efforts for the development of computerized risk management tool; (1) development of a risk monitor, Risk Monster, (2) improvement of McFarm (Missing Cutsets Finding Algorithm for Risk Monitor) and finally (3) development of reliability database management system, KwDBMan. Risk Monster supports for plant operators and maintenance schedulers to monitor plant risk and to avoid high peak risk by rearranging maintenance work schedule. Improved McFarm significantly improved calculation speed of Risk Monster for the cases of supporting system OOS (Out Of Service). KwDBMan manages event data, generic data and CCF (Common Cause Failure) data to support Risk Monster as well as PSA tool, KIRAP (KAERI Integrated Reliability Analysis Package)
Risk management method for small photovoltaic plants
Directory of Open Access Journals (Sweden)
Kirova Milena
Full Text Available Risk management is necessary for achieving the goals of the organization. There are many methods, approaches, and instruments in the literature concerning risk management. However, these are often highly specialized and transferring them to a different field can prove difficult. Therefore, managers often face situations where they have no tools to use for risk management. This is the case with small photovoltaic plants (according to a definition by the Bulgarian State Energy and Water Regulatory Commission small applies to systems with a total installed power of 200 kWp. There are some good practices in the energy field for minimizing risks, but they offer only partial risk prevention and are not sufficient. Therefore a new risk management method needs to be introduced. Small photovoltaic plants offer plenty of advantages in comparison to the other renewable energy sources which makes risk management in their case more important. There is no classification of risks for the exploitation of small photovoltaic systems in the available literature as well as to what degree the damages from those risks could spread. This makes risk analysis and evaluation necessary for obtaining information which could aid taking decisions for improving risk management. The owner of the invested capital takes a decision regarding the degree of acceptable risk for his organization and it must be protected depending on the goals set. Investors in small photovoltaic systems need to decide to what degree the existing risks can influence the goals previously set, the payback of the investment, and what is the acceptable level of damages for the investor. The purpose of this work is to present a risk management method, which currently does not exist in the Bulgaria, so that the risks and the damages that could occur during the exploitation of small photovoltaic plants could be identified and the investment in such technology – justified.
Role of NDT in risk management
International Nuclear Information System (INIS)
Porter, Jr. James F.
Risk management is identifying and then managing threats that could severely affect or bring down a company. This involves reviewing the operations of the company to include the process, equipment, procedures and personnel. Potential threats are then identified including their probability of occurrence, and then taking appropriate actions to address the most likely threats. Traditionally, risk management was thought of as mostly getting the right insurance. However, this impression of risk management has changed dramatically. With the recent increase in rules and regulations and optimizing utilization of key resources, risk management is becoming a management practice that is as important as financial or facilities management. In ideal risk management, a prioritization process is followed whereby the risks with the greatest loss and greatest probability of occurring are handled first, and risks with lower probability of occurrence and lower loss are handled in descending order. In practice the process can be very difficult, and balancing between risks with a high probability of occurrence but lower loss versus a risk with high but lower probability of occurrence can often be mishandled. (author)
Financial risk management of pharmacy benefits.
Saikami, D
Financial risk management of pharmacy benefits in integrated health systems is explained. A managed care organization should assume financial risk for pharmacy benefits only if it can manage the risk. Horizontally integrated organizations often do not have much control over the management of drug utilization and costs. Vertically integrated organizations have the greatest ability to manage pharmacy financial risk; virtual integration may also be compatible. Contracts can be established in which the provider is incentivized or placed at partial or full risk. The main concerns that health plans have with respect to pharmacy capitation are formulary management and the question of who should receive rebates from manufacturers. The components needed to managed pharmacy financial risk depend on the type of contract negotiated. Health-system pharmacists are uniquely positioned to take advantage of opportunities opening up through pharmacy risk contracting. Functions most organizations must provide when assuming pharmacy financial risk can be divided into internal and external categories. Internally performed functions include formulary management, clinical pharmacy services and utilization management, and utilization reports for physicians. Functions that can be outsourced include claims processing and administration, provider- and customer support services, and rebates. Organizations that integrate the pharmacy benefit across the health care continuum will be more effective in controlling costs and improving outcomes than organizations that handle this benefit as separate from others. Patient care should not focus on payment mechanisms and unit costs but on developing superior processes and systems that improve health care.
Risk Management and Uncertainty in Infrastructure Projects
DEFF Research Database (Denmark)
Harty, Chris; Neerup Themsen, Tim; Tryggestad, Kjell
The assumption that large complex projects should be managed in order to reduce uncertainty and increase predictability is not new. What is relatively new, however, is that uncertainty reduction can and should be obtained through formal risk management approaches. We question both assumptions...... by addressing a more fundamental question about the role of knowledge in current risk management practices. Inquiries into the predominant approaches to risk management in large infrastructure and construction projects reveal their assumptions about knowledge and we discuss the ramifications these have...... for project and construction management. Our argument and claim is that predominant risk management approaches tends to reinforce conventional ideas of project control whilst undermining other notions of value and relevance of built assets and project management process. These approaches fail to consider...
Risk management in a competitive electricity market
International Nuclear Information System (INIS)
Liu, Min; Wu, Felix F.
In a competitive electricity market, it is necessary and important to develop an appropriate risk management scheme for trade with full utilization of the multi-market environment in order to maximize participants' benefits and minimize the corresponding risks. Based on the analyses to trading environments and risks in the electricity market, a layered framework of risk management for electric energy trading is proposed in this paper. Simulation results confirmed that trading among multiple markets is helpful to reduce the complete risk, and VaR provides a useful approach to judge whether the formed risk-control scheme is acceptable. (author)
Directory of Open Access Journals (Sweden)
Grzegorz MICHALSKI
Full Text Available The basic financial purpose of an enterprise is maximization of its value. Inventory management should also contribute to realization of this fundamental aim. The enterprise value maximization strategy is executed with a focus on risk and uncertainty. This article presents the consequences for the recipients firm that can result from operating risk that is related to delivery risk generated by the suppliers. The present article offers a method that uses portfolio management theory to choose the suppliers.
Data Management in Metagenomics: A Risk Management Approach
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Filipe Ferreira
Full Text Available In eScience, where vast data collections are processed in scientific workflows, new risks and challenges are emerging. Those challenges are changing the eScience paradigm, mainly regarding digital preservation and scientific workflows. To address specific concerns with data management in these scenarios, the concept of the Data Management Plan was established, serving as a tool for enabling digital preservation in eScience research projects. We claim risk management can be jointly used with a Data Management Plan, so new risks and challenges can be easily tackled. Therefore, we propose an analysis process for eScience projects using a Data Management Plan and ISO 31000 in order to create a Risk Management Plan that can complement the Data Management Plan. The motivation, requirements and validation of this proposal are explored in the MetaGen-FRAME project, focused in Metagenomics.
Overview of Risk Management for Engineered Nanomaterials
International Nuclear Information System (INIS)
Schulte, P A; Geraci, C L; Hodson, L L; Zumwalde, R D; Kuempel, E D; Murashov, V; Martinez, K F; Heidel, D S
Occupational exposure to engineered nanomaterials (ENMs) is considered a new and challenging occurrence. Preliminary information from laboratory studies indicates that workers exposed to some kinds of ENMs could be at risk of adverse health effects. To protect the nanomaterial workforce, a precautionary risk management approach is warranted and given the newness of ENMs and emergence of nanotechnology, a naturalistic view of risk management is useful. Employers have the primary responsibility for providing a safe and healthy workplace. This is achieved by identifying and managing risks which include recognition of hazards, assessing exposures, characterizing actual risk, and implementing measures to control those risks. Following traditional risk management models for nanomaterials is challenging because of uncertainties about the nature of hazards, issues in exposure assessment, questions about appropriate control methods, and lack of occupational exposure limits (OELs) or nano-specific regulations. In the absence of OELs specific for nanomaterials, a precautionary approach has been recommended in many countries. The precautionary approach entails minimizing exposures by using engineering controls and personal protective equipment (PPE). Generally, risk management utilizes the hierarchy of controls. Ideally, risk management for nanomaterials should be part of an enterprise-wide risk management program or system and this should include both risk control and a medical surveillance program that assesses the frequency of adverse effects among groups of workers exposed to nanomaterials. In some cases, the medical surveillance could include medical screening of individual workers to detect early signs of work-related illnesses. All medical surveillance should be used to assess the effectiveness of risk management; however, medical surveillance should be considered as a second line of defense to ensure that implemented risk management practices are effective.
Overview of Risk Management for Engineered Nanomaterials
Schulte, P. A.; Geraci, C. L.; Hodson, L. L.; Zumwalde, R. D.; Kuempel, E. D.; Murashov, V.; Martinez, K. F.; Heidel, D. S.
Occupational exposure to engineered nanomaterials (ENMs) is considered a new and challenging occurrence. Preliminary information from laboratory studies indicates that workers exposed to some kinds of ENMs could be at risk of adverse health effects. To protect the nanomaterial workforce, a precautionary risk management approach is warranted and given the newness of ENMs and emergence of nanotechnology, a naturalistic view of risk management is useful. Employers have the primary responsibility for providing a safe and healthy workplace. This is achieved by identifying and managing risks which include recognition of hazards, assessing exposures, characterizing actual risk, and implementing measures to control those risks. Following traditional risk management models for nanomaterials is challenging because of uncertainties about the nature of hazards, issues in exposure assessment, questions about appropriate control methods, and lack of occupational exposure limits (OELs) or nano-specific regulations. In the absence of OELs specific for nanomaterials, a precautionary approach has been recommended in many countries. The precautionary approach entails minimizing exposures by using engineering controls and personal protective equipment (PPE). Generally, risk management utilizes the hierarchy of controls. Ideally, risk management for nanomaterials should be part of an enterprise-wide risk management program or system and this should include both risk control and a medical surveillance program that assesses the frequency of adverse effects among groups of workers exposed to nanomaterials. In some cases, the medical surveillance could include medical screening of individual workers to detect early signs of work-related illnesses. All medical surveillance should be used to assess the effectiveness of risk management; however, medical surveillance should be considered as a second line of defense to ensure that implemented risk management practices are effective.
The Temblor mobile seismic risk app, v2: Rapid and seamless earthquake information to inspire individuals to recognize and reduce their risk
Stein, R. S.; Sevilgen, V.; Sevilgen, S.; Kim, A.; Jacobson, D. S.; Lotto, G. C.; Ely, G.; Bhattacharjee, G.; O'Sullivan, J.
Temblor quantifies and personalizes earthquake risk and offers solutions by connecting users with qualified retrofit and insurance providers. Temblor's daily blog on current earthquakes, seismic swarms, eruptions, floods, and landslides makes the science accessible to the public. Temblor is available on iPhone, Android, and mobile web app platforms (http://temblor.net). The app presents both scenario (worst case) and probabilistic (most likely) financial losses for homes and commercial buildings, and estimates the impact of seismic retrofit and insurance on the losses and safety. Temblor's map interface has clickable earthquakes (with source parameters and links) and active faults (name, type, and slip rate) around the world, and layers for liquefaction, landslides, tsunami inundation, and flood zones in the U.S. The app draws from the 2014 USGS National Seismic Hazard Model and the 2014 USGS Building Seismic Safety Council ShakeMap scenari0 database. The Global Earthquake Activity Rate (GEAR) model is used worldwide, with active faults displayed in 75 countries. The Temblor real-time global catalog is merged from global and national catalogs, with aftershocks discriminated from mainshocks. Earthquake notifications are issued to Temblor users within 30 seconds of their occurrence, with approximate locations and magnitudes that are rapidly refined in the ensuing minutes. Launched in 2015, Temblor has 650,000 unique users, including 250,000 in the U.S. and 110,000 in Chile, as well as 52,000 Facebook followers. All data shown in Temblor is gathered from authoritative or published sources and is synthesized to be intuitive and actionable to the public. Principal data sources include USGS, FEMA, EMSC, GEM Foundation, NOAA, GNS Science (New Zealand), INGV (Italy), PHIVOLCS (Philippines), GSJ (Japan), Taiwan Earthquake Model, EOS Singapore (Southeast Asia), MTA (Turkey), PB2003 (plate boundaries), CICESE (Baja California), California Geological Survey, and 20 other state
Model risk analysis for risk management and option pricing
Kerkhof, F.L.J.
Due to the growing complexity of products in financial markets, market participants rely more and more on quantitative models for trading and risk management decisions. This introduces a fairly new type of risk, namely, model risk. In the first part of this thesis we investigate the quantitative
Proactive vs. reactive learning on buildings response and earthquake risks, in schools of Romania
Directory of Open Access Journals (Sweden)
Daniela DOBRE
Full Text Available During the last 20 years, many specific activities of earthquake education and preparedness were initiated and supported in Romania by drafting materials for citizens, students, professors etc. (Georgescu et al., 2004, 2006. The education, training and information on earthquake disaster potential are important factors to mitigate the earthquake effects. Such activities, however, need time to be developed and may take different forms of presentation in order to capture the attention, to increase interest, to develop skills and attitudes in order to induce a proper behavior towards safety preparedness. It shall also be based on the accumulation of concerns and knowledge, which are, in principle, a consequence of the motivation, but which depend on the methods applied and actions taken for efficient earthquake preparedness, assessed and updated following actual earthquakes (Masuda, Midorikawa, Miki and Ohmachi, 1988. We are now at a crossroad and the proactive attitude and behavior (anticipative and participative needs to be extended in learning, within institutional framework, but correlated with the usual targets of schools and teenagers proactive issue (ROEDUSEIS-NET; Page and Page, 2003, by encouraging students in activities closer to earthquake engineering.
[Does clinical risk management require a structured conflict management?].
Neumann, Stefan
A key element of clinical risk management is the analysis of errors causing near misses or patient damage. After analyzing the causes and circumstances, measures for process improvement have to be taken. Process management, human resource development and other established methods are used. If an interpersonal conflict is a contributory factor to the error, there is usually no structured conflict management available which includes selection criteria for various methods of conflict processing. The European University Viadrina in Frankfurt (Oder) has created a process model for introducing a structured conflict management system which is suitable for hospitals and could fill the gap in the methodological spectrum of clinical risk management. There is initial evidence that a structured conflict management reduces staff fluctuation and hidden conflict costs. This article should be understood as an impulse for discussion on to what extent the range of methods of clinical risk management should be complemented by conflict management.
Lăpăduşi Mihaela Loredana,; Căruntu Constantin
The risk is one of the most controversial issues for all persons involved both in domestic and international world economic affairs. The need to analyze, understand and effectively manage risk is growing, the ultimate aim being to obtain a higher degree of successThe risk means exposure to an uncertain future, the opportunity to face danger or suffering a loss ( "Risk - possibility of loss or injury", Webster's, 1995) or the chance that things go wrong ( "Risk is the change that something wil...
Managing flood risks in the Mekong Delta
Hoang, Long Phi; Biesbroek, Robbert; Tri, Van Pham Dang; Kummu, Matti; Vliet, van Michelle T.H.; Leemans, Rik; Kabat, Pavel; Ludwig, Fulco
Climate change and accelerating socioeconomic developments increasingly challenge flood-risk management in the Vietnamese Mekong River Delta—a typical large, economically dynamic and highly vulnerable delta. This study identifies and addresses the emerging challenges for flood-risk management.
Hog Producers' Risk Management Attitudes and Desire for Additional Risk Management Education
Patrick, George F.; Peiter, Amy J.; Knight, Thomas O.; Coble, Keith H.; Baquet, Alan E.
Hog producers in Indiana and Nebraska were surveyed about sources of risk, effectiveness of risk management strategies, and prior participation in and desire for additional risk management education. Ownership of hogs by the producer, size of the operation, and age did have significant effects on ratings of both sources of risk and effectiveness of risk management strategies. Probit analysis found age, prior attendance, knowledge and prior use of the tool, level of integration, and concern ab...
Natural hazard management high education: laboratory of hydrologic and hydraulic risk management and applied geomorphology
Giosa, L.; Margiotta, M. R.; Sdao, F.; Sole, A.; Albano, R.; Cappa, G.; Giammatteo, C.; Pagliuca, R.; Piccolo, G.; Statuto, D.
The Environmental Engineering Faculty of University of Basilicata have higher-level course for students in the field of natural hazard. The curriculum provides expertise in the field of prediction, prevention and management of earthquake risk, hydrologic-hydraulic risk, and geomorphological risk. These skills will contribute to the training of specialists, as well as having a thorough knowledge of the genesis and the phenomenology of natural risks, know how to interpret, evaluate and monitor the dynamic of environment and of territory. In addition to basic training in the fields of mathematics and physics, the course of study provides specific lessons relating to seismic and structural dynamics of land, environmental and computational hydraulics, hydrology and applied hydrogeology. In particular in this course there are organized two connected examination arguments: Laboratory of hydrologic and hydraulic risk management and Applied geomorphology. These course foresee the development and resolution of natural hazard problems through the study of a real natural disaster. In the last year, the work project has regarded the collapse of two decantation basins of fluorspar, extracted from some mines in Stava Valley, 19 July 1985, northern Italy. During the development of the course, data and event information has been collected, a guided tour to the places of the disaster has been organized, and finally the application of mathematical models to simulate the disaster and analysis of the results has been carried out. The student work has been presented in a public workshop.
Environmental asset management: Risk management systems
CSIR Research Space (South Africa)
Naudé, Brian
Full Text Available firstname.lastname@example.com Charl Petzer Council for Scientific and Industrial Research PO Box 395 Pretoria 0001 South Africa +2712 841 4292 firstname.lastname@example.com Copyright © 2017 by B Naudé, C Petzer. Published and used by INCOSE with permission.... Charl Petzer is registered professional engineer with 30 years of programme/project management as well as systems engineering experience in military and other environments. He has been the lead systems engineer, as well as programme manager on several...
Directory of Open Access Journals (Sweden)
Aleksandar Aleksić
Full Text Available One of the keys of successful business last few years is effective dealing with risks in every meaning of that word. At the time when the world economic crisis largely limits business, successful Risk management is the only way of survival for a large number of business systems. This paper will present the processes of risk management in supply chains that are in accordance with the standards ISO 28000 and ISO 31000. By implementing a holistic, enterprise-wide supply chain risk management program, companies also can uphold their commitment to providing strong corporate governance on behalf of stakeholders and increase their market value.
Strategic Risk Management and Corporate Value Creation
DEFF Research Database (Denmark)
Andersen, Torben Juul; Roggi, Oliviero
Major corporate failures, periodic recessions, regional debt crises and volatile markets have intensified the focus on corporate risk management as the means to deal better with turbulent business conditions. Hence, the ability to respond effectively to the often dramatic environmental changes...... is considered an important source of competitive advantage. However, surprisingly little research has analyzed if the presumed advantages of effective risk management lead to superior performance or assessed important antecedents of effective risk management capabilities. Here we present a comprehensive study...... of risk management effectiveness and the relationship to corporate performance based on panel data for more than 3,400 firms accounting for over 33,500 annual observations during the turbulent period 1991-2010. Determining effective risk management as the ability to reduce earnings and cash flow...
Risk, innovation and change : design propositions for implementing risk management in organizations
van Staveren, Martinus Theodorus
This Ph.D. research generated unique design propositions for implementing existing risk management methodologies in organizations. The resulting design propositions incorporate a synthesis of risk management, innovation management and change management. True implementation of risk management is
78 FR 4848 - Social Media: Consumer Compliance Risk Management Guidance
...: Consumer Compliance Risk Management Guidance AGENCY: Federal Financial Institutions Examination Council... Media: Consumer Compliance Risk Management Guidance'' (guidance). Upon completion of the guidance, and... management practices adequately address the consumer compliance and legal risks, as well as related risks...
Risk assessment and management logistics chains
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Vladimir Vikulov
Full Text Available Background: In the context of economic globalization and increasing complexity of economic relations enterprises need methods and techniques to improve and sustain their position on the global market. Integration processes offer business new opportunities, but at the same time present new challenges for the management, including the key objectives of the risk management. Method: On the basis of analysis tools known from the pertinent literature (Supply Chain Management and Supply Chain Risk Management methods, methods of probability theory, methods of risk management, methods of statistics the authors of this paper proposed their own risk assessment method and the method of management of logistics chains. The proposed tool is a specific hybrid of solutions known from the literature. Results: The presented method has been successfully used within the frames of economic-mathematical model of industrial enterprises. Indicators of supply chain risks, including risks caused by supplier are considered in this paper. Authors formed a method of optimizing the level of supply chain risk in the integration with suppliers and customers. Conclusion: Every organization, which starting the process of integration with supplier and customers, needs to use tools, methodologies and techniques for identification of "weak links" in the supply chain. The proposed method allows to fix risk origin places in various links of the supply chain and to identify "weak links" of a logistic chain that may occur in the future. The method is a useful tool for managing not only risks and risk situations, but also to improve the efficiency of current assets management by providing the ability to optimize the level of risk in the current assets management of the industrial enterprise.
Internal audit risk management in metropolitan municipalities
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Christo Ackermann
Full Text Available Internal audit functions (IAFs of organisations are regarded as crucial components of the combined assurance model, alongside the audit committee, management and external auditors. The combined assurance model aims at having integrated and aligned assurance in organisations with the overall aim of maximising risk and governance oversight and control efficiencies. In this regard, internal audit plays a crucial role, insofar as it consists of experts in risk, governance and control consultancy who provide assurance to senior management and the audit committee. Audit committees are dependent on internal audit for information and their effectiveness revolves around a strong and well-resourced internal audit function which is able to aid audit committees to meet their oversight responsibilities. There is thus a growing demand for managing risk through the process of risk management and internal audit is in a perfect position to assist with the improvement of such processes. If internal auditors wish to continue being an important aspect of the combined assurance model, they need to address the critical area, amongst others, of risk management as part of their work. If not, it follows that the board, audit committees and other levels of management will remain uninformed on the status of these matters which, in turn, will negatively impact the ability of these stakeholders to discharge their responsibilities. This study therefore focuses on analysing the functioning of IAFs, with specific reference to their risk management mandate. The study followed a mixed method approach to describe internal audits risk management functioning in the big eight metropolitan municipalities in South Africa. The results show that internal audit provide a broad scope of risk management work which assist senior management in the discharge of their responsibilities. However, in the public eye, internal audits risk management functioning is scant
Decisionmaking under risk in invasive species management: risk management theory and applications
Shefali V. Mehta; Robert G. Haight; Frances R. Homans
Invasive species management is closely entwined with the assessment and management of risk that arises from the inherently random nature of the invasion process. The theory and application of risk management for invasive species with an economic perspective is reviewed in this synthesis. Invasive species management can be delineated into three general categories:...
Examining the realities of risk management
International Nuclear Information System (INIS)
Garrick, B.J.
Sufficient experience now exists, especially in the nuclear industry, to consider the progress that has been made toward meaningful tools or aids for the control and, hence, management of risk. The considerable activity in the field of probabilistic risk assessment (PRA) suggests a high level of interest and application. It is the purpose of this paper to examine our own experience in this regard and to offer some observations and opinions about current practices in risk management and the requirements for success
Project risk management in complex petrochemical system
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Kirin Snežana
Full Text Available Investigation of risk in complex industrial systems, as well as evaluation of main factors influencing decision making and implementation process using large petrochemical company as an example, has proved the importance of successful project risk management. This is even more emphasized when analyzing systems with complex structure, i.e. with several organizational units. It has been shown that successful risk management requires modern methods, based on adequate application of statistical analysis methods.
Offshore Earthquakes Do Not Influence Marine Mammal Stranding Risk on the Washington and Oregon Coasts
Grant, Rachel A.; Savirina, Anna
Simple Summary Marine mammals stranding on coastal beaches is not unusual. However, there appears to be no single cause for this, with several causes being probable, such as starvation, contact with humans (for example boat strike or entanglement with fishing gear), disease, and parasitism. We evaluated marine mammal stranding off the Washington and Oregon coasts and looked at offshore earthquakes as a possible contributing factor. Our analysis showed that offshore earthquakes did not make marine mammals more likely to strand. We also analysed a subset of data from the north of Washington State and found that non-adult animals made up a large proportion of stranded animals, and for dead animals the commonest cause of death was disease, traumatic injury, or starvation. Abstract The causes of marine mammals stranding on coastal beaches are not well understood, but may relate to topography, currents, wind, water temperature, disease, toxic algal blooms, and anthropogenic activity. Offshore earthquakes are a source of intense sound and disturbance and could be a contributing factor to stranding probability. We tested the hypothesis that the probability of marine mammal stranding events on the coasts of Washington and Oregon, USA is increased by the occurrence of offshore earthquakes in the nearby Cascadia subduction zone. The analysis carried out here indicated that earthquakes are at most, a very minor predictor of either single, or large (six or more animals) stranding events, at least for the study period and location. We also tested whether earthquakes inhibit stranding and again, there was no link. Although we did not find a substantial association of earthquakes with strandings in this study, it is likely that there are many factors influencing stranding of marine mammals and a single cause is unlikely to be responsible. Analysis of a subset of data for which detailed descriptions were available showed that most live stranded animals were pups, calves, or
Systems approach to project risk management
Energy Technology Data Exchange (ETDEWEB)
Kindinger, J. P. (John P.)
This paper describes the need for better performance in the planning and execution of projects and examines the capabilities of two different project risk analysis methods for improving project performance. A quantitative approach based on concepts and tools adopted from the disciplines of systems analysis, probabilistic risk analysis, and other fields is advocated for managing risk in large and complex research & development projects. This paper also provides an overview of how this system analysis approach for project risk management is being used at Los Alamos National Laboratory along with examples of quantitative risk analysis results and their application to improve project performance.
Risk Management Practices of Multinational and indigenous ...
African Journals Online (AJOL)
Construction projects' high uncertainty rates make them unattractive to non-risk takers. Construction companies are therefore necessarily risk takers, albeit, to varying degrees. This study made an inquiry into the risk management (RM) practices of multinational and indigenous construction companies (MCCs and ICCs, ...
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Constangioara Alexandru
Full Text Available Risk management is relatively unexplored in Romania. Although Romanian specialists dwell on theoretical aspects such as the risks classification and the important distinction between risks and uncertainty the practical relevance of the matter is outside existing studies. Present paper uses a dataset of consumer data to build a propensity scorecard based on relevant quantitative modeling.
Risks in hospitals. Assessment and Management
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Bradea Ioana-Alexandra
Full Text Available In a complex world, characterized by a multitude of risks, managers need to manage the risks they encounter, in an efficient way and in the shortest time possible. In the current economic crisis, the concept of hospital risk management, as the process in which is identified, analyzed, reduced, or avoided a risk that may affect the hospital, gained great importance. The Romanian health system, distinguished by: lack of transparency, poor funding, the loss of the valuable medical staff, lack of hospitals in villages and small towns, inability to engage patients due to the old and poor equipment, lack of research and problems in information privacy and cyber-security, requires an appropriate management, enabling risk managers to take decisions in order to avoid the occurrence of risks. Important for the functioning of every hospital is the perception of patients and their degree of satisfaction, regarding the quality of services, which depend largely on the quality of human resources. But what are the human resources weaknesses and risks from the patient point of view? What are the risk indicators which must be monitored to avoid risks? And also, which is the most useful method for measurement and assessment of risk?
Health Status and Risk Factors among Adolescent Survivors One Month after the 2014 Ludian Earthquake
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Bihan Tang
Full Text Available Background: An earthquake struck Ludian in Yunnan Province (China on 3 August 2014, resulting in 3143 injuries, 617 deaths, and 112 missing persons. Our study aimed at estimating the health status and associated determinants among adolescent survivors after the Ludian earthquake. Methods: A cross-sectional survey of 845 was conducted at the Ludian No. 1 Middle School. Descriptive statistics, t-tests, ANOVA and stepwise linear regression analysis were used for data analysis. Results: The mean scores on the physical component summary (PCS and mental component summary (MCS were 46.23 (SD = 7.10 and 36.34 (SD = 7.09, respectively. Lower PCS scores in the aftermath of an earthquake were associated with being trapped or in danger, being female, being an ethnic minority, injury to self and house damage, while lower MSC scores were associated with fear during the earthquake, Han ethnicity, death in the family, not being involved in the rescue and low household income. Conclusions: In our study, significant associations between demographic, socio-economic, and trauma-related experiences variables and overall physical and mental health of adolescent survivors were presented. The results of this study help expand our knowledge of health status among adolescent survivors after the Ludian earthquake.
Risk Management and Risk Psychology in Romanian Sme's
Directory of Open Access Journals (Sweden)
Irina Dănciulescu
Full Text Available Risk is one of the biggest and most fascinating challenges of all times for humanity, because of its presence in all fields. Risk management as a component of modern management, has become a main concern for the modern world and one of the "key mechanisms" of economic development, a complex processn that includes a series of activities meant to alleviate the impact of risk over business and planed or foreseen results. This paper wants to bring to attention the importance of risks and their management in today's economic crisis. The sector presented is the IT& C, especially software, because Romania had a growth in this area for a few years but beginning the crisis this segment in economy had known a serious decrease. This paper tries to connect risk management and risk psychology to Romanian economy, culture and mentality. The paper presents in short some of risk management characteristics, definitions and few opinions; why in Romania this subject is not treated with the appropriate attention. The paper at hand focuses on the psychology of risk and how it affects the life of individuals and the existence of companies, the importance it should have on day to day basis, especially in Romania
Nuclear power plant risk assembly and decomposition for risk management
International Nuclear Information System (INIS)
Iden, D.C.
The state-of-the-art method for analyzing the risk from nuclear power plants is probabilistic risk assessment (PRA). The intermediate results of a PRA are first assembled to quantify the risk from operating a nuclear power plant in the form of (1) core damage (or core melt) frequency, (2) plant damage state frequencies, (3) release category frequencies, and (4) the frequency of exceeding specific levels of offsite consequences. Once the overall PRA results have been quantified, the next step is to decompose those results into the individual contributors to each of the four forms of risk in some rank order. The way in which the PRA model is set up to assemble and decompose the plant risk determines the ease and usefulness of the PRA model as a risk management tool for evaluating perturbations to the PRA model. These perturbations can take the form of technical specification changes, hardware modifications, procedural changes, etc. The matrix formalism developed by Dr. Stan Kaplan for risk assembly and decomposition represents a significant breakthrough in making the PRA model an effective risk management tool. The key to understanding the matrix formalism and making it a useful tool for managing nuclear power plant risk is the structure of the PRA model. PRA risk model structure and decomposition of the risk results are discussed with the Seabrook PRA as an example
Models for assessing and managing credit risk
Directory of Open Access Journals (Sweden)
Neogradi Slađana
Full Text Available This essay deals with the definition of a model for assessing and managing credit risk. Risk is an inseparable component of any average and normal credit transaction. Looking at the different aspects of the identification and classification of risk in the banking industry as well as representation of the key components of modern risk management. In the first part of the essay will analyze how the impact of credit risk on bank and empirical models for determining the financial difficulties in which the company can be found. Bank on the basis of these models can reduce number of approved risk assets. In the second part, we consider models for improving credit risk with emphasis on Basel I, II and III, and the third part, we conclude that the most appropriate model and gives the best effect for measuring credit risk in domestic banks.
Disturbances in equilibrium function after major earthquake.
Honma, Motoyasu; Endo, Nobutaka; Osada, Yoshihisa; Kim, Yoshiharu; Kuriyama, Kenichi
Major earthquakes were followed by a large number of aftershocks and significant outbreaks of dizziness occurred over a large area. However it is unclear why major earthquake causes dizziness. We conducted an intergroup trial on equilibrium dysfunction and psychological states associated with equilibrium dysfunction in individuals exposed to repetitive aftershocks versus those who were rarely exposed. Greater equilibrium dysfunction was observed in the aftershock-exposed group under conditions without visual compensation. Equilibrium dysfunction in the aftershock-exposed group appears to have arisen from disturbance of the inner ear, as well as individual vulnerability to state anxiety enhanced by repetitive exposure to aftershocks. We indicate potential effects of autonomic stress on equilibrium function after major earthquake. Our findings may contribute to risk management of psychological and physical health after major earthquakes with aftershocks, and allow development of a new empirical approach to disaster care after such events.
Alaska earthquake source for the SAFRR tsunami scenario: Chapter B in The SAFRR (Science Application for Risk Reduction) Tsunami Scenario
Kirby, Stephen; Scholl, David; von Huene, Roland E.; Wells, Ray
Tsunami modeling has shown that tsunami sources located along the Alaska Peninsula segment of the Aleutian-Alaska subduction zone have the greatest impacts on southern California shorelines by raising the highest tsunami waves for a given source seismic moment. The most probable sector for a Mw ~ 9 source within this subduction segment is between Kodiak Island and the Shumagin Islands in what we call the Semidi subduction sector; these bounds represent the southwestern limit of the 1964 Mw 9.2 Alaska earthquake rupture and the northeastern edge of the Shumagin sector that recent Global Positioning System (GPS) observations indicate is currently creeping. Geological and geophysical features in the Semidi sector that are thought to be relevant to the potential for large magnitude, long-rupture-runout interplate thrust earthquakes are remarkably similar to those in northeastern Japan, where the destructive Mw 9.1 tsunamigenic earthquake of 11 March 2011 occurred. In this report we propose and justify the selection of a tsunami source seaward of the Alaska Peninsula for use in the Tsunami Scenario that is part of the U.S. Geological Survey (USGS) Science Application for Risk Reduction (SAFRR) Project. This tsunami source should have the potential to raise damaging tsunami waves on the California coast, especially at the ports of Los Angeles and Long Beach. Accordingly, we have summarized and abstracted slip distribution from the source literature on the 2011 event, the best characterized for any subduction earthquake, and applied this synoptic slip distribution to the similar megathrust geometry of the Semidi sector. The resulting slip model has an average slip of 18.6 m and a moment magnitude of Mw = 9.1. The 2011 Tohoku earthquake was not anticipated, despite Japan having the best seismic and geodetic networks in the world and the best historical record in the world over the past 1,500 years. What was lacking was adequate paleogeologic data on prehistoric earthquakes
[What Surgeons Should Know about Risk Management].
Strametz, R; Tannheimer, M; Rall, M
Background: The fact that medical treatment is associated with errors has long been recognized. Based on the principle of "first do no harm", numerous efforts have since been made to prevent such errors or limit their impact. However, recent statistics show that these measures do not sufficiently prevent grave mistakes with serious consequences. Preventable mistakes such as wrong patient or wrong site surgery still frequently occur in error statistics. Methods: Based on insight from research on human error, in due consideration of recent legislative regulations in Germany, the authors give an overview of the clinical risk management tools needed to identify risks in surgery, analyse their causes, and determine adequate measures to manage those risks depending on their relevance. The use and limitations of critical incident reporting systems (CIRS), safety checklists and crisis resource management (CRM) are highlighted. Also the rationale for IT systems to support the risk management process is addressed. Results/Conclusion: No single tool of risk management can be effective as a standalone instrument, but unfolds its effect only when embedded in a superordinate risk management system, which integrates tailor-made elements to increase patient safety into the workflows of each organisation. Competence in choosing adequate tools, effective IT systems to support the risk management process as well as leadership and commitment to constructive handling of human error are crucial components to establish a safety culture in surgery. Georg Thieme Verlag KG Stuttgart · New York.
Quality Risk Management of Compliant Excipients
Directory of Open Access Journals (Sweden)
Brian Carlin
Full Text Available Raw material compliance and GMP do not eliminate variability. Quality by Design should minimize the risk that raw material variability will adversely affect the finished product Critical Quality Attributes. The sources of technological risk from excipients are reviewed and approaches to excipient risk management are discussed. Supplier involvement throughout the product life-cycle is recommended to minimize excipient-related risk.
Directory of Open Access Journals (Sweden)
Ms. Tamara Ye. Kononenko
Full Text Available The paper clarifies the concepts of «risk», «financial risk» in banking business, and considers the main problems of financial risk management in trade banks while financing borrowers. The authors single out the most relevant problems, and conduct the analysis of overdue payment in case of OJSC "Sberbank of Russia". The authors also offer a number of measures to minimize financial risks in trade bank activities in modern conditions.
Sustainable Risk Management in the Banking Sector
Directory of Open Access Journals (Sweden)
Županović Ivo
Full Text Available The globalization of financial markets and negative consequences of the financial crisis resulted in negative connotations in the operation of many financial institutions, businesses and citizens and imposed the need to implement appropriate risk management measures in the banking sector. Evolution of the financial sector makes a lot of news in the field of risk management and particularly the modelling of market, credit and operational risk. The main methodology for risk management is the value-at-risk, which is used in practice with other techniques such as the capital- at-risk method in order to minimize business risks and achieve optimal results in the banking and, generally, financial operations. Accordingly, at all levels of governance in the banking sector, there are prudential policies in place governing the management of all types of financial and operational risks. Based on the abovementioned, the focus of the examination was on the above postulate, and prompt recognition, control and proper management of banking risks.
The Strategic-Renovation Banks' Risks Management
Directory of Open Access Journals (Sweden)
Yeremeychuk Raisa A.
Full Text Available The article is aimed at developing approaches to implementation of the strategic-renovation risk management. Essence of risk theories was researched, the concept of «risk» in the bank's management system were analyzed. On the basis of a theoretical generalization of scientific literature and the carried out analysis of existing risk management strategies to ensure the security of banking business, the strategy of renovation management has been selected. Because bank risks are part of the economic risk system, they are complex in their nature. However, given the importance of bank risks, the interpretation of their essence is still a debating matter. In a certain number of cases, their essence is replaced by the cause of occurrence, that is, all the different circumstances, factors that lead to the losses. So today, banks are considering risks, in particular, not only as a source of possible losses, but also as an opportunity to generate additional profits. An algorithm for taking a strategic-renovation decision on the banks' risks management system has been proposed.
Intentional risk management through complex networks analysis
Chapela, Victor; Moral, Santiago; Romance, Miguel
This book combines game theory and complex networks to examine intentional technological risk through modeling. As information security risks are in constant evolution, the methodologies and tools to manage them must evolve to an ever-changing environment. A formal global methodology is explained in this book, which is able to analyze risks in cyber security based on complex network models and ideas extracted from the Nash equilibrium. A risk management methodology for IT critical infrastructures is introduced which provides guidance and analysis on decision making models and real situations. This model manages the risk of succumbing to a digital attack and assesses an attack from the following three variables: income obtained, expense needed to carry out an attack, and the potential consequences for an attack. Graduate students and researchers interested in cyber security, complex network applications and intentional risk will find this book useful as it is filled with a number of models, methodologies a...
Risk management; Maitriser le risque
Energy Technology Data Exchange (ETDEWEB)
Magne, L
There is always a risk of an accident occurring at a nuclear power plant, however small. The problem lies in estimating the probability of it occurring. The method of probabilistic safety assessment provides this estimate, and by identifying the sources of potential risk, makes it possible to prevent them from occurring. It is not, however, a substitute for other decision-making processes. (author)
Managers facing the climatic risks
International Nuclear Information System (INIS)
This colloquium aimed to analyze the relations between the climatic changes and extreme meteorological events and on the associated risks. It provides information and knowledge on the state of the art concerning the today scientific knowledge, the prevention measures and the adaptation facing the risks and the difficult estimation of the climatic damages costs. (A.L.B.)
Risk management and safety culture
International Nuclear Information System (INIS)
Takano, K.
Paper informs on the efforts to elaborate a feedback system for risk comprehensive evaluation and a system to improve structure safety foreseeing the possibility to control the latent risk, ensuring the qualitative evaluation of the safety level and improvement of safety culture in various branches of industry, first and foremost, in the electricity producing sector including the nuclear power industry [ru
Earthquake induced liquefaction hazard, probability and risk assessment in the city of Kolkata, India: its historical perspective and deterministic scenario
Nath, Sankar Kumar; Srivastava, Nishtha; Ghatak, Chitralekha; Adhikari, Manik Das; Ghosh, Ambarish; Sinha Ray, S. P.
Liquefaction-induced ground failure is one amongst the leading causes of infrastructure damage due to the impact of large earthquakes in unconsolidated, non-cohesive, water saturated alluvial terrains. The city of Kolkata is located on the potentially liquefiable alluvial fan deposits of Ganga-Bramhaputra-Meghna Delta system with subsurface litho-stratigraphic sequence comprising of varying percentages of clay, cohesionless silt, sand, and gravel interbedded with decomposed wood and peat. Additionally, the region has moderately shallow groundwater condition especially in the post-monsoon seasons. In view of burgeoning population, there had been unplanned expansion of settlements in the hazardous geological, geomorphological, and hydrological conditions exposing the city to severe liquefaction hazard. The 1897 Shillong and 1934 Bihar-Nepal earthquakes both of M w 8.1 reportedly induced Modified Mercalli Intensity of IV-V and VI-VII respectively in the city reportedly triggering widespread to sporadic liquefaction condition with surface manifestation of sand boils, lateral spreading, ground subsidence, etc., thus posing a strong case for liquefaction potential analysis in the terrain. With the motivation of assessing seismic hazard, vulnerability, and risk of the city of Kolkata through a consorted federal funding stipulated for all the metros and upstart urban centers in India located in BIS seismic zones III, IV, and V with population more than one million, an attempt has been made here to understand the liquefaction susceptibility condition of Kolkata under the impact of earthquake loading employing modern multivariate techniques and also to predict deterministic liquefaction scenario of the city in the event of a probabilistic seismic hazard condition with 10% probability of exceedance in 50 years and a return period of 475 years. We conducted in-depth geophysical and geotechnical investigations in the city encompassing 435 km2 area. The stochastically
Credit risk management in the power sector
International Nuclear Information System (INIS)
Allen, D.
Deregulation of the electric power industry has the potential to put power businesses at market risk particularly when the value of an asset or liability will change with market movements. Market risk gives rise to credit risk where a contract cannot be fulfilled. This presentation describes how credit risks can be identified and measured. Most practitioners use some variant of value-at-risk (VAR) technology for measuring market risk. Under this approach, risk is determined by the volatility implied by the market. Volatility of electricity prices and natural gas prices has increased significantly in Alberta in recent years. The consequence is an increase in both market and credit risk. The author described the difference between the two risks and their significance. An overview of credit risk management with derivatives, an over-the counter contract, was also presented. The author also discusses issue of protection buyers in the event of a failed contract. 9 figs
Risk management in Swedish hedge funds
Fri, Samuel; Nilsson, Joakim
Background: Risk management has always been a complex topic, especially when it comes to hedge funds. Since hedge funds are able to utilize many kinds of financial instruments it is difficult to find a risk management strategy that goes well with them. Not much research regarding the Swedish hedge fund industry and its risk management has been done; hence we find it an interesting topic to focus this thesis on. Purpose: The purpose of this thesis is to increase the knowledge of how Swedish he...
Evaluating risk management strategies in resource planning
International Nuclear Information System (INIS)
Andrews, C.J.
This paper discusses the evaluation of risk management strategies as a part of integrated resource planning. Value- and scope-related uncertainties can be addressed during the process of planning, but uncertainties in the operating environment require technical analysis within planning models. Flexibility and robustness are two key classes of strategies for managing the risk posed by these uncertainties. This paper reviews standard capacity expansion planning models and shows that they are poorly equipped to compare risk management strategies. Those that acknowledge uncertainty are better at evaluating robustness than flexibility, which implies a bias against flexible options. Techniques are available to overcome this bias
"Near-term" Natural Catastrophe Risk Management and Risk Hedging in a Changing Climate
Michel, Gero; Tiampo, Kristy
Competing with analytics - Can the insurance market take advantage of seasonal or "near-term" forecasting and temporal changes in risk? Natural perils (re)insurance has been based on models following climatology i.e. the long-term "historical" average. This is opposed to considering the "near-term" and forecasting hazard and risk for the seasons or years to come. Variability and short-term changes in risk are deemed abundant for almost all perils. In addition to hydrometeorological perils whose changes are vastly discussed, earthquake activity might also change over various time-scales affected by earlier local (or even global) events, regional changes in the distribution of stresses and strains and more. Only recently has insurance risk modeling of (stochastic) hurricane-years or extratropical-storm-years started considering our ability to forecast climate variability herewith taking advantage of apparent correlations between climate indicators and the activity of storm events. Once some of these "near-term measures" were in the market, rating agencies and regulators swiftly adopted these concepts demanding companies to deploy a selection of more conservative "time-dependent" models. This was despite the fact that the ultimate effect of some of these measures on insurance risk was not well understood. Apparent short-term success over the last years in near-term seasonal hurricane forecasting was brought to a halt in 2013 when these models failed to forecast the exceptional shortage of hurricanes herewith contradicting an active-year forecast. The focus of earthquake forecasting has in addition been mostly on high rather than low temporal and regional activity despite the fact that avoiding losses does not by itself create a product. This presentation sheds light on new risk management concepts for over-regional and global (re)insurance portfolios that take advantage of forecasting changes in risk. The presentation focuses on the "upside" and on new opportunities
Risk management and analysis: risk assessment (qualitative and quantitative)
Valentin Mazareanu
We use to define risk as the possibility of suffering a loss. Starting this, risk management is defined as a business process whose purpose is to ensure that the organization is protected against risks and their effects. In order to prioritize, to develop a response plan and after that to monitor the identified risks we need to asses them. But at this point a question is born: should I choose a qualitative approach or a quantitative one? This paper will make a short overview over the risk eva...
Risk perception as a driver for risk management policies
Carmona, María; Mañez, María
Risk is generally defined as the "combination of the probability of the occurrence of an event and its negative consequences" ( UNISDR, 2009). However, the perception of a risk differs among cultures regarding different features such as the context,causes, benefits or damage. Risk perception is the subjective valuation of the probability of an event happening and how concerned individuals or groups are with the consequences (Sjöberg, 2004). Our study is based on an existing framework for risk perception (Rehn and Rohrmann, 2000). We analyse the characteristics of the risk perception regarding extreme events (e.g.droughts) and how the perception of the group drives the action to manage the risk. We do this to achieve an overview of the conditions that let stakeholders join each other to improve risk management especially when governments are not reacting properly. For our research, attention is paid on risk perception of Multi-Sector Partnerships not taking into account the individual level of risk perception. We focus on those factors that make risk management effective and increase resilience. Multi-Sector Partnerships, considered as significant governance structures for risk management, might contribute to reduce vulnerability in prone areas to natural hazards and disasters. The Multi-Sector Partnerships used for our research are existing partnerships identified in the cases studies of the European project ENHANCE. We implement a survey to analyse the perception of risk in the case studies. That survey is based on the Cultural Theory (Douglas and Wildavsky, 1982)and the Protection Motivation Theory (Rogers, 1975). We analyse the results using the Qualitative-Comparative Analysis proposed by Ragin in 1987. The results show the main characteristics of a risk culture that are beneficial to manage a risk. Those characteristics are shaped by the perception of risk of the people involved in the partnership, which in turn shapes their risk management. Nevertheless, we
Practical Risk Management for the CIO
Scherling, Mark
The growing complexity of today's interconnected systems has not only increased the need for improved information security, but also helped to move information from the IT backroom to the executive boardroom as a strategic asset. And, just like the tip of an iceberg is all you see until you run into it, the risks to your information are mostly invisible until disaster strikes. Detailing procedures that will help your team perform better risk assessments and aggregate results into more meaningful metrics, Practical Risk Management for the CIO approaches information risk management through impro
Practical Methods for Information Security Risk Management
Directory of Open Access Journals (Sweden)
Cristian AMANCEI
Full Text Available The purpose of this paper is to present some directions to perform the risk man-agement for information security. The article follows to practical methods through question-naire that asses the internal control, and through evaluation based on existing controls as part of vulnerability assessment. The methods presented contains all the key elements that concurs in risk management, through the elements proposed for evaluation questionnaire, list of threats, resource classification and evaluation, correlation between risks and controls and residual risk computation.
Managing risk in statistics - "Relative risk" | Durrheim | South African ...
African Journals Online (AJOL)
South African Family Practice. Journal Home · ABOUT THIS JOURNAL · Advanced Search · Current Issue · Archives · Journal Home > Vol 45, No 8 (2003) >. Log in or Register to get access to full text downloads. Username, Password, Remember me, or Register. Managing risk in statistics - "Relative risk". DN Durrheim ...
The application of holistic risk management in the banking industry
Directory of Open Access Journals (Sweden)
J. Chibayambuya
Full Text Available Purpose: The application of holistic risk management is fast becoming a standard measure of good governance in the business arena. What role can holistic risk management play in the management of risk in the financial services industry? The aim of this paper is to propose a holistic risk management framework for the management of risk. Design/Methodology/Approach: A comprehensive framework that covers the holistic view risk management is proposed/developed out of an extensive literature review. Findings: Given the deliberations of various frameworks, a holistic risk management is proposed. The proposed framework ensures that all components of risk management are taken into account when strategizing for risk management in general and holistic risk management in particular; thereby improving the management of risk in the banking industry. Implications: The article proposes a holistic approach to risk management which takes into account all the facets of risk management, e.g. analyzing, planning, strategy, communication, implementation, motivation, systems review and plan modification. This holistic approach, when implemented in the banking industry, can have a significant impact on the improved management of risk. Originality/Value: The new proposed holistic risk management framework offers a fresh perspective of strategizing for risk management in terms of risk analysis, risk planning, risk strategy, risk communication, risk implementation, risk motivation, risk review and risk plan modification.
Directory of Open Access Journals (Sweden)
Georgeta Soava
Full Text Available Risk should not be understood as a destructive phenomenon, but bear in mind that managers who know how to use it can lead to real opportunities. Manager must first recognize the existence of risk, namely to identify and then use specific methods to avoid or reduce the risk. The purpose of this paper is to enter the world, at all simple, of risk management, relatively easy concept to understand but not so easy to put into practice. Of course, the approach relates primarily at the risks inherent of the business in digital environments, but they not represent only a particular case of the risks they are exposed, in general, the companies. In the paper we put in evidence the significance in general business, risks in e-business, then we added a description of the types of security risks, an exemplification of these and a series of test scenarios, and finally to make a analysis of operational solutions of risk management
Risk Management Considerations for Interoperable Acquisition
National Research Council Canada - National Science Library
Meyers, B. C
.... The state of risk management practice -- the specification of standards and the methodologies to implement them -- is addressed and examined with respect to the needs of system-of-systems interoperability...
Diabetic ketoacidosis: risk factors, mechanisms and management ...
African Journals Online (AJOL)
Diabetic ketoacidosis: risk factors, mechanisms and management strategies in sub-Saharan Africa: a review. ... ketoacidosis is the most common hyperglycaemic emergency in patients with diabetes mellitus, especially type 1 diabetes.
Managing flood risk through collaborative governance | IDRC ...
International Development Research Centre (IDRC) Digital Library (Canada)
May 21, 2013 ... Managing flood risk through collaborative governance ... This article profiles a project supported by IDRC's Climate Change and Water program, ... and in the intensity of extreme weather events are resulting in the erosion of lo.
Risk management integration into complex project organizations
Fisher, K.; Greanias, G.; Rose, J.; Dumas, R.
This paper describes the approach used in designing and adapting the SIRTF prototype, discusses some of the lessons learned in developing the SIRTF prototype, and explains the adaptability of the risk management database to varying levels project complexity.
Managing risks in the project pipeline.
This research focuses on how to manage the risks of project costs and revenue uncertainties over the long-term, and identifies significant : process improvements to ensure projects are delivered on time and as intended, thus maximizing the miles pave...
Small Business and the Risk Management Program
This factsheet helps small businesses comply with the regulation requiring companies that use regulated substances, hazardous chemical such as ammonia and chlorine, to develop a risk management plan, to help prevent accidental toxic or flammable releases.
Roadway related tort liability and risk management.
This workbook provide government employees background information related to tort liability and risk management. Past experience with lawsuits against government entities are summarized. The reasons for the lawsuits and results are analyzed. The obje...
From CSR to Social Risk Management
DEFF Research Database (Denmark)
Taarup Esbensen, Jacob
When it comes to social risks multinational companies (MNC) within Mining are one of the most exposed businesses one can imagine. This paper examines how social risk management is practiced through the case of Teghout copper-molybdenum mine in North- Eastern Armenia, supplemented with evidence from...... other mining MNCs in the country, onsite fieldwork, interviews with key stakeholders, and public available information. This evidence suggest that a standards based social risk management strategy is adopted and that this strategy is based on international Corporate Social Responsibility (CSR) standards...... engagement management systems that is promoted through the standard. The implemented social risk management systems are ineffective because they makes the MNC unable to recognise the value of weak ties and fail to build legitimacy and trust with some of the key stakeholders resulting in the creation of more...
FEMA's Earthquake Incident Journal: A Web-Based Data Integration and Decision Support Tool for Emergency Management
Jones, M.; Pitts, R.
For emergency managers, government officials, and others who must respond to rapidly changing natural disasters, timely access to detailed information related to affected terrain, population and infrastructure is critical for planning, response and recovery operations. Accessing, analyzing and disseminating such disparate information in near real-time are critical decision support components. However, finding a way to handle a variety of informative yet complex datasets poses a challenge when preparing for and responding to disasters. Here, we discuss the implementation of a web-based data integration and decision support tool for earthquakes developed by the Federal Emergency Management Agency (FEMA) as a solution to some of these challenges. While earthquakes are among the most well- monitored and measured of natural hazards, the spatially broad impacts of shaking, ground deformation, landslides, liquefaction, and even tsunamis, are extremely difficult to quantify without accelerated access to data, modeling, and analytics. This web-based application, deemed the "Earthquake Incident Journal", provides real-time access to authoritative and event-specific data from external (e.g. US Geological Survey, NASA, state and local governments, etc.) and internal (FEMA) data sources. The journal includes a GIS-based model for exposure analytics, allowing FEMA to assess the severity of an event, estimate impacts to structures and population in near real-time, and then apply planning factors to exposure estimates to answer questions such as: What geographic areas are impacted? Will federal support be needed? What resources are needed to support survivors? And which infrastructure elements or essential facilities are threatened? This presentation reviews the development of the Earthquake Incident Journal, detailing the data integration solutions, the methodology behind the GIS-based automated exposure model, and the planning factors as well as other analytical advances that
Wildfire Risk Management: Challenges and Opportunities
Thompson, M.; Calkin, D. E.; Hand, M. S.; Kreitler, J.
In this presentation we address federal wildfire risk management largely through the lens of economics, targeting questions related to costs, effectiveness, efficiency, and tradeoffs. Beyond risks to resources and assets such as wildlife habitat, watersheds, and homes, wildfires present financial risk and budgetary instability for federal wildfire management agencies due to highly variable annual suppression costs. Despite its variability, the costs of wildfire management have continued to escalate and account for an ever-growing share of overall agency budgets, compromising abilities to attain other objectives related to forest health, recreation, timber management, etc. Trends associated with a changing climate and human expansion into fire-prone areas could lead to additional suppression costs in the future, only further highlighting the need for an ability to evaluate economic tradeoffs in investments across the wildfire management spectrum. Critically, these economic analyses need to accurately capture the complex spatial and stochastic aspects of wildfire, the inherent uncertainty associated with monetizing environmental impacts of wildfire, the costs and effectiveness of alternative management policies, and linkages between pre-fire investments and active incident management. Investing in hazardous fuels reduction and forest restoration in particular is a major policy lever for pre-fire risk mitigation, and will be a primary focus of our presentation. Evaluating alternative fuel management and suppression policies could provide opportunities for significant efficiency improvements in the development of risk-informed management fire management strategies. Better understanding tradeoffs of fire impacts and costs can help inform policy questions such as how much of the landscape to treat and how to balance investments in treating new areas versus maintaining previous investments. We will summarize current data needs, knowledge gaps, and other factors
Decision support for utility environmental risk management
International Nuclear Information System (INIS)
Balson, W.E.; Wilson, D.S.
This paper reviews a number of decision support methods developed and applied by Decision Focus Incorporated to help utility personnel manage current environmental problems. This work has been performed for the Environmental Risk Analysis Program of EPRI's Environment Division, and also for a number of electric utilities across the country. These are two distinct types of decision support software tools that have been created: economic risk management and environmental risk analysis. These types differ primarily in the identification of who will make a decision. Economic risk management tools are directed primarily at decisions made by electric utilities. Environmental risk analysis tools are directed primarily at decisions made by legislative or regulatory agencies, about which a utility may wish to comment
Radiation risk management at DOE accelerator facilities
International Nuclear Information System (INIS)
Dyck, O.B. van.
The DOE accelerator contractors have been discussing among themselves and with the Department how to improve radiation safety risk management. This activity-how to assure prevention of unplanned high exposures-is separate from normal exposure management, which historically has been quite successful. The ad-hoc Committee on the Accelerator Safety Order and Guidance [CASOG], formed by the Accelerator Section of the HPS, has proposed a risk- based approach, which will be discussed. Concepts involved are risk quantification and comparison (including with non-radiation risk), passive and active (reacting) protection systems, and probabilistic analysis. Different models of risk management will be presented, and the changing regulatory environment will also be discussed
From risk management to uncertainty management: a significant change in project management
Institute of Scientific and Technical Information of China (English)
LI Gui-jun; ZHANG Yue-song
Starting with the meanings of the terms "risk" and "uncertainty,"" he paper compares uncertainty management with risk management in project management. We bring some doubt to the use of "risk" and "uncertainty" interchangeably in project management and deem their scope, methods, responses, monitoring and controlling should be different too. Illustrations are given covering terminology, description, and treatment from different perspectives of uncertainty management and risk management. Furthermore, the paper retains that project risk management (PRM) processes might be modified to facilitate an uncertainty management perspective,and we support that project uncertainty management (PUM) can enlarge its contribution to improving project management performance, which will result in a significant change in emphasis compared with most risk management.
Plant risk status information management system
International Nuclear Information System (INIS)
Campbell, D.J.; Ellison, B.C.; Glynn, J.C.; Flanagan, G.F.
The Plant Risk Status Information Management System (PRISIMS) is a PC program that presents information about a nuclear power plant's design, its operation, its technical specifications, and the results of the plant's probabilistic risk assessment (PRA) in a logically and easily accessible format. PRISIMS provides its user with unique information for integrating safety concerns into day-to-day operational decisions and/or long-range management planning
Delegated Portfolio Management and Risk Taking Behavior
José Luiz Barros Fernandes; Juan Ignacio Peña; Benjamin Miranda Tabak
Standard models of moral hazard predict a negative relationship between risk and incentives; however empirical studies on mutual funds present mixed results. In this paper, we propose a behavioral principal-agent model in the context of professional managers, focusing on active and passive investment strategies. Using this general framework, we evaluate how incentives affect the risk taking behavior of managers, using the standard moral hazard model as a special case; and solve the previous c...
Fundamentals of risk management understanding, evaluating and implementing effective risk management
Hopkin, Paul
Now more than ever, organizations must plan, response and recognize all forms of risks that they face. "Fundamentals of Risk Management", now in its second edition, provides a comprehensive introduction to the subject of commercial and business risk for anyone studying for a career in risk as well as a broad range of risk professionals. It examines the key components of risk management and its application with examples to demonstrate its benefit to organisations in the public and private sector. The second edition has been completely updated to take into account the greater influence of ISO 3100, the emergence of Governance Risk and Compliance (GRC) and the wide use of the bowtie method to illustrate risk management. In addition, there is now a chapter on the skills and competencies required by an effective risk manager.
Risk management - unappreciated instrument of supply chain management strategy
Wojciech Machowiak
Background: Unlike Enterprise Risk Management, which is certainly quite well rooted in business practice, Supply Chain Risk Management (SCRM) still continues to be dynamically developing subject of academic research, whereas its practical applications are rather scarce. Material and methods: On the basis of broad review of the current state of the art in world literature, significant relevancies to the core processes and enterprise strategy are discussed. Results: ...
Risk communication, geoethics and decision science issues in Japan's disaster management system
Sugimoto, M.
Issues in Japan's disaster management system were revealed by the 2011 Tohoku earthquake and tsunami, and by the Fukushima Dai-ichi nuclear power station accident. Many important decisions were based on scientific data, but appear not to have sufficiently considered the uncertainties of the data and the societal aspects of the problems. The issues that arose show the need for scientists to appropriately deal with risk communication and geoethics and issues. This paper discusses necessity of education for risk communication, geoethics and decisions science in school before students become sicentific decision makers in future.
Stein, R. S.
The 2004 M=9.2 Sumatra earthquake claimed what seemed an unfathomable 228,000 lives, although because of its size, we could at least assure ourselves that it was an extremely rare event. But in the short space of 8 years, the Sumatra quake no longer looks like an anomaly, and it is no longer even the worst disaster of the Century: 80,000 deaths in the 2005 M=7.6 Pakistan quake; 88,000 deaths in the 2008 M=7.9 Wenchuan, China quake; 316,000 deaths in the M=7.0 Haiti, quake. In each case, poor design and construction were unable to withstand the ferocity of the shaken earth. And this was compounded by inadequate rescue, medical care, and shelter. How could the toll continue to mount despite the advances in our understanding of quake risk? The world's population is flowing into megacities, and many of these migration magnets lie astride the plate boundaries. Caught between these opposing demographic and seismic forces are 50 cities of at least 3 million people threatened by large earthquakes, the targets of chance. What we know for certain is that no one will take protective measures unless they are convinced they are at risk. Furnishing that knowledge is the animating principle of the Global Earthquake Model, launched in 2009. At the very least, everyone should be able to learn what his or her risk is. At the very least, our community owes the world an estimate of that risk. So, first and foremost, GEM seeks to raise quake risk awareness. We have no illusions that maps or models raise awareness; instead, earthquakes do. But when a quake strikes, people need a credible place to go to answer the question, how vulnerable am I, and what can I do about it? The Global Earthquake Model is being built with GEM's new open source engine, OpenQuake. GEM is also assembling the global data sets without which we will never improve our understanding of where, how large, and how frequently earthquakes will strike, what impacts they will have, and how those impacts can be lessened by
Management of interest rate risk
Directory of Open Access Journals (Sweden)
Šabović Šerif
Full Text Available Interest rate risk is one of the biggest and most dangerous risks that a bank is exposed to. When a change of interest rates occurs, the incomes of a bank based on credits and securities endure significant changes. Banks resources also endure some changes. The change of interest rates changes the value of the assets and liabilities of the bank and it's net and investment worth . The change of interest rates also affects bank's balance sheet, income sheet statement and bank's share capital.
Recent innovation of geospatial information technology to support disaster risk management and responses
Une, Hiroshi; Nakano, Takayuki
Geographic location is one of the most fundamental and indispensable information elements in the field of disaster response and prevention. For example, in the case of the Tohoku Earthquake in 2011, aerial photos taken immediately after the earthquake greatly improved information sharing among different government offices and facilitated rescue and recovery operations, and maps prepared after the disaster assisted in the rapid reconstruction of affected local communities. Thanks to the recent development of geospatial information technology, this information has become more essential for disaster response activities. Advancements in web mapping technology allows us to better understand the situation by overlaying various location-specific data on base maps on the web and specifying the areas on which activities should be focused. Through 3-D modelling technology, we can have a more realistic understanding of the relationship between disaster and topography. Geospatial information technology can sup-port proper preparation and emergency responses against disasters by individuals and local communities through hazard mapping and other information services using mobile devices. Thus, geospatial information technology is playing a more vital role on all stages of disaster risk management and responses. In acknowledging geospatial information's vital role in disaster risk reduction, the Sendai Framework for Disaster Risk Reduction 2015-2030, adopted at the Third United Nations World Conference on Disaster Risk Reduction, repeatedly reveals the importance of utilizing geospatial information technology for disaster risk reduction. This presentation aims to report the recent practical applications of geospatial information technology for disaster risk management and responses.
Risk management and oil trading contracts
International Nuclear Information System (INIS)
Sas, B.
The oil market provides an excellent case study for an analysis of the commodity trading risks and the development of contractual instruments and market structures to meet these risks. The paper identifies the main risks, namely performance, credit/payment, price, regulatory, fiscal, and ''trading'' risk. A conceptual framework provides the basis to trace the evolution of the risk management instruments from relational (e.g. long-term), through ''transactional'' (e.g. spot and forwards) to ''institutional'' (e.g. futures and options) and finally ''pricing'' (e.g. swaps and trigger pricing) contracts. (author)
The NASA Continuous Risk Management Process
Pokorny, Frank M.
As an intern this summer in the GRC Risk Management Office, I have become familiar with the NASA Continuous Risk Management Process. In this process, risk is considered in terms of the probability that an undesired event will occur and the impact of the event, should it occur (ref., NASA-NPG: 7120.5). Risk management belongs in every part of every project and should be ongoing from start to finish. Another key point is that a risk is not a problem until it has happened. With that in mind, there is a six step cycle for continuous risk management that prevents risks from becoming problems. The steps are: identify, analyze, plan, track, control, and communicate & document. Incorporated in the first step are several methods to identify risks such as brainstorming and using lessons learned. Once a risk is identified, a risk statement is made on a risk information sheet consisting of a single condition and one or more consequences. There can also be a context section where the risk is explained in more detail. Additionally there are three main goals of analyzing a risk, which are evaluate, classify, and prioritize. Here is where a value is given to the attributes of a risk &e., probability, impact, and timeframe) based on a multi-level classification system (e.g., low, medium, high). It is important to keep in mind that the definitions of these levels are probably different for each project. Furthermore the risks can be combined into groups. Then, the risks are prioritized to see what risk is necessary to mitigate first. After the risks are analyzed, a plan is made to mitigate as many risks as feasible. Each risk should be assigned to someone in the project with knowledge in the area of the risk. Then the possible approaches to choose from are: research, accept, watch, or mitigate. Next, all risks, mitigated or not, are tracked either individually or in groups. As the plan is executed, risks are re-evaluated, and the attribute values are adjusted as necessary. Metrics
Lessons Learned in Risk Management on NCSX
International Nuclear Information System (INIS)
Neilson, G.H.; Gruber, C.O.; Harris, Jeffrey H.; Rej, D.J.; Simmons, R.T.; Strykowsky, R.L.
The National Compact Stellarator Experiment (NCSX) was designed to test physics principles of an innovative stellarator design developed by Princeton Plasma Physics Laboratory and Oak Ridge National Laboratory. Construction of some of the major components and subassemblies was completed, but the estimated cost and schedule for completing the project grew as the technical requirements and risks became better understood, leading to its cancellation in 2008. The project's risks stemmed from its technical challenges, primarily the complex component geometries and tight tolerances that were required. The initial baseline, which was established in 2004, was supported by a risk management plan and risk-based contingencies, both of which proved to be inadequate. Technical successes were achieved in the construction of challenging components and subassemblies, but cost and schedule growth was experienced. As part of an effort to improve project performance, a new risk management program was devised and implemented in 2007-2008. It led to a better understanding of project risks, a sounder basis for contingency estimates, and improved management tools. Although the risks were ultimately unacceptable to the sponsor, valuable lessons in risk management were learned through the experiences with the NCSX project.
Risk management, derivatives and shariah compliance
Bacha, Obiyathulla Ismath
Despite the impressive growth of Islamic Banking and Finance (IBF), a number of weaknesses remain. The most important of this is perhaps the lack of shariah compliant risk management tools. While the risk sharing philosophy of Islamic Finance requires the acceptance of risk to justify returns, the shariah also requires adherents to avoid unnecessary risk-maysir. The requirement to avoid maysir is in essence a call for the prudent management of risk. Contemporary risk management revolves around financial engineering, the building blocks of which are financial derivatives. Despite the proven efficacy of derivatives in the management of risk in the conventional space, shariah scholars appear to be suspicious and uneasy with their use in IBF. Some have imposed outright prohibition of their use. This paper re-examines the issue of contemporary derivative instruments and shariah compliance. The shariah compatibility of derivatives is shown in a number of ways. First, by way of qualitative evaluation of whether derivatives can be made to comply with the key prohibitions of the sharia. Second, by way of comparing the payoff profiles of derivatives with risk sharing finance and Bai Salam contracts. Finally, the equivalence between shariah compliant derivatives like the IPRS and Islamic FX Currency Forwards with conventional ones is presented.
Board of directors and risk management
van der Elst, C.F.; Birkmose, H.; Neville, M.; Sorensen, K.
The board of directors is responsible for an appropriate business risk management environment. The paper studies in a comparative way how legislators and courts fill this duty. We question whether the legislative and regulatory framework will improve the equilibrium between entrepreneurship and risk
Lessons Learned in Risk Management on NCSX
International Nuclear Information System (INIS)
Neilson, G.H.; Gruber, C.O.; Harris, J.H.; Rej, D.J.; Simmons, R.T.; Strykowsky, R.L.
The National Compact Stellarator Experiment (NCSX) was designed to test physics principles of an innovative stellarator design developed by the Princeton Plasma Physics Laboratory and Oak Ridge National Laboratory. Construction of some of the major components and sub-assemblies was completed, but the estimated cost and schedule for completing the project grew as the technical requirements and risks became better understood, leading to its cancellation in 2008. The project's risks stemmed from its technical challenges, primarily the complex component geometries and tight tolerances that were required. The initial baseline, established in 2004, was supported by a risk management plan and risk-based contingencies, both of which proved to be inadequate. Technical successes were achieved in the construction of challenging components and subassemblies, but cost and schedule growth was experienced. As part of an effort to improve project performance, a new risk management program was devised and implemented in 2007-08. It led to a better understanding of project risks, a sounder basis for contingency estimates, and improved management tools. Although the risks ultimately were unacceptable to the sponsor, valuable lessons in risk management were learned through the experiences with the NCSX project
Managing Risk Areas in Software Development Offshoring
DEFF Research Database (Denmark)
Persson, John Stouby; Schlichter, Bjarne Rerup
Software companies are increasingly offshoring development to countries with high expertise at lower cost. Offshoring involves particular risk areas that if ignored increase the likelihood of failure. However, the offshoring client's maturity level may influence the management of these risk areas...
Self-management of vascular risk factors
Sol-de Rijk, B.G.M.
Summary The aim of this thesis was to provide insight into the potential of a self-management approach in treatment of vascular risk factors and to develop a self-management intervention. Furthermore to examine if this intervention, based on self-efficacy promoting theory, is effective in reducing
Methodology of environmental risk assessment management
Directory of Open Access Journals (Sweden)
Saša T. Bakrač
Full Text Available Successful protection of environment is mostly based on high-quality assessment of potential and present risks. Environmental risk management is a complex process which includes: identification, assessment and control of risk, namely taking measures in order to minimize the risk to an acceptable level. Environmental risk management methodology: In addition to these phases in the management of environmental risk, appropriate measures that affect the reduction of risk occurrence should be implemented: - normative and legal regulations (laws and regulations, - appropriate organizational structures in society, and - establishing quality monitoring of environment. The emphasis is placed on the application of assessment methodologies (three-model concept, as the most important aspect of successful management of environmental risk. Risk assessment methodology - European concept: The first concept of ecological risk assessment methodology is based on the so-called European model-concept. In order to better understand this ecological risk assessment methodology, two concepts - hazard and risk - are introduced. The European concept of environmental risk assessment has the following phases in its implementation: identification of hazard (danger, identification of consequences (if there is hazard, estimate of the scale of consequences, estimate of consequence probability and risk assessment (also called risk characterization. The European concept is often used to assess risk in the environment as a model for addressing the distribution of stressors along the source - path - receptor line. Risk assessment methodology - Canadian concept: The second concept of the methodology of environmental risk assessment is based on the so-called Canadian model-concept. The assessment of ecological risk includes risk arising from natural events (floods, extreme weather conditions, etc., technological processes and products, agents (chemical, biological, radiological, etc
Implementation of equity in resource allocation for regional earthquake risk mitigation using two-stage stochastic programming.
Zolfaghari, Mohammad R; Peyghaleh, Elnaz
This article presents a new methodology to implement the concept of equity in regional earthquake risk mitigation programs using an optimization framework. It presents a framework that could be used by decisionmakers (government and authorities) to structure budget allocation strategy toward different seismic risk mitigation measures, i.e., structural retrofitting for different building structural types in different locations and planning horizons. A two-stage stochastic model is developed here to seek optimal mitigation measures based on minimizing mitigation expenditures, reconstruction expenditures, and especially large losses in highly seismically active countries. To consider fairness in the distribution of financial resources among different groups of people, the equity concept is incorporated using constraints in model formulation. These constraints limit inequity to the user-defined level to achieve the equity-efficiency tradeoff in the decision-making process. To present practical application of the proposed model, it is applied to a pilot area in Tehran, the capital city of Iran. Building stocks, structural vulnerability functions, and regional seismic hazard characteristics are incorporated to compile a probabilistic seismic risk model for the pilot area. Results illustrate the variation of mitigation expenditures by location and structural type for buildings. These expenditures are sensitive to the amount of available budget and equity consideration for the constant risk aversion. Most significantly, equity is more easily achieved if the budget is unlimited. Conversely, increasing equity where the budget is limited decreases the efficiency. The risk-return tradeoff, equity-reconstruction expenditures tradeoff, and variation of per-capita expected earthquake loss in different income classes are also presented. © 2015 Society for Risk Analysis.
Interplanetary Supply Chain Risk Management
Galluzzi, Michael C.
Emphasis on KSC ground processing operations, reduced spares up-mass lift requirements and campaign-level flexible path perspective for space systems support as Regolith-based ISM is achieved by; Network modeling for sequencing space logistics and in-space logistics nodal positioning to include feedstock. Economic modeling to assess ISM 3D printing adaption and supply chain risk.
Reproductive health and access to healthcare facilities: risk factors for depression and anxiety in women with an earthquake experience.
Anwar, Jasim; Mpofu, Elias; Matthews, Lynda R; Shadoul, Ahmed Farah; Brock, Kaye E
The reproductive and mental health of women contributes significantly to their overall well-being. Three of the eight Millennium Development Goals are directly related to reproductive and sexual health while mental disorders make up three of the ten leading causes of disease burden in low and middle-income countries. Among mental disorders, depression and anxiety are two of the most prevalent. In the context of slower progress in achieving Millennium Development Goals in developing countries and the ever-increasing man-made and natural disasters in these areas, it is important to understand the association between reproductive health and mental health among women with post-disaster experiences. This was a cross-sectional study with a sample of 387 women of reproductive age (15-49 years) randomly selected from the October 2005 earthquake affected areas of Pakistan. Data on reproductive health was collected using the Centers for Disease Control reproductive health assessment toolkit. Depression and anxiety were measured using the Hopkins Symptom Checklist-25, while earthquake experiences were captured using the Harvard Trauma Questionnaire. The association of either depression or anxiety with socio-demographic variables, earthquake experiences, reproductive health and access to health facilities was estimated using multivariate logistic regression. Post-earthquake reproductive health events together with economic deprivation, lower family support and poorer access to health care facilities explained a significant proportion of differences in the experiencing of clinical levels of depression and anxiety. For instance, women losing resources for subsistence, separation from family and experiencing reproductive health events such as having a stillbirth, having had an abortion, having had abnormal vaginal discharge or having had genital ulcers, were at significant risk of depression and anxiety. The relationship between women's post-earthquake mental health and
Process-based project proposal risk management
Directory of Open Access Journals (Sweden)
Alok Kumar
Full Text Available We all are aware of the organizational omnipresence. Projects within the organizations are ubiquitous too. Projects achieve their goals successfully if they are planned, scheduled, controlled and implemented well. The project lifecycle of initiating, planning, scheduling, controlling and implementing are very well-planned by project managers and the organizations. Successful projects have well-developed risk management plans to deal with situations impacting projects. Like any other organisation, a university does try to access funds for different purposes too. For such organisations, running a project is not the issue, rather getting a project proposal approved to fund a project is the key. Project proposal processing is done by the nodal office in every organisation. Usually, these nodal offices help in administration and submission of a project proposal for accessing funds. Seldom are these nodal project offices within the organizations facilitate a project proposal approval by proactively reaching out to the project managers. And as project managers prepare project proposals, little or no attention is made to prepare a project proposal risk plan so as to maximise project acquisition. Risk plans are submitted while preparing proposals but these risk plans cater to a requirement to address actual projects upon approval. Hence, a risk management plan for project proposal is either missing or very little effort is made to treat the risks inherent in project acquisition. This paper is an integral attempt to highlight the importance of risk treatment for project proposal stage as an extremely important step to preparing the risk management plan made for projects corresponding to their lifecycle phases. Several tools and techniques have been proposed in the paper to help and guide either the project owner (proposer or the main organisational unit responsible for project management. Development of tools and techniques to further enhance project
Managing sovereign credit risk in bond portfolios
Bruder, Benjamin; Hereil, Pierre; Roncalli, Thierry
With the recent development of the European debt crisis, traditional index bond management has been severely called into question. We focus here on the risk issues raised by the classical market-capitalization weighting scheme. We propose an approach to properly measure sovereign credit risk in a fixed-income portfolio. For that, we assume that CDS spreads follow a SABR process and we derive a sovereign credit risk measure based on CDS spreads and duration of portfolio bonds. We then consider...
Loss Database Architecture for Disaster Risk Management
The reformed Union civil protection legislation (Decision on a Union Civil Protection Mechanism), which entered into force on 1 January 2014, is paving the way for more resilient communities by including key actions related to disaster prevention such as developing national risk assessments and the refinement of risk management planning. Under the Decision, Member States agreed to "develop risk assessments at national or appropriate sub- national level and make available to the Commission a s...
Management Risk Reporting Practices and their determinants
VANDEMAELE, Sigrid; VERGAUWEN, Philip; MICHIELS, Anneleen
In recent years, the need for effective risk management, internal control and transparent risk reporting has become an important corporate governance principle and a predominant issue in business. Already in 1987, the AICPA[ ] report stated that shareholders are increasingly demanding that financial statements include more information concerning the risks and uncertainties companies are facing (Schrand and Elliott, 1998). Abraham and Cox (2007) claim that this information can help investors t...
Credit Risk Management in Chinese Banking Industry
Zhang, Lei
Abstract Credit risk is by far the most important risk faced by banks, and it influences the bank profitability and its long-term operation significantly. Well management on credit risk can be a competitive advantage for banks in the competitive banking industry. Chinese banks suffer from serious financial fragility manifested by high proportions of NPLs and low capital adequacy ratios (Bonin and Huang, 2001). This dissertation examines the real credit performance of Chinese banks ba...
Critical infrastructure cyber-security risk management
Spyridopoulos, T.; Maraslis, K.; Tryfonas, T.; Oikonomou, G.
Traditional IT cyber-security risk management methods are based on the evaluation of risks calculated as the likelihood of cyber-security incidents occurring. However, these probabilities are usually estimations or guesses based on past experience and incomplete data. Incorrect estimations can lead to errors in the evaluation of risks that can ultimately affect the protection of the system. This issue is also transferred to methods used in Industrial Control Systems (ICSs), as they are mainly...
Ethical Aspects of Radiation Risk Management
Wikman-Svahn, Per
This thesis is based on the assumption that the intersection of moral philosophy and practical risk management is a rewarding area to study. In particular, the thesis assumes that concepts, ideas, and methods that are used in moral philosophy can be of great benefit for risk analysis, but also that practices in risk regulation provide a useful testing ground for moral philosophical theories. The thesis consists of an introduction and five articles. Article I is a review article on social and ...
Information needs for risk management/communication
Energy Technology Data Exchange (ETDEWEB)
Bennett, D.A. [Environmental Protection Agency, Washington, DC (United States)
The hazardous waste cleanup program under the Comprehensive Environmental Response, Compensation, and Liability Act (Superfund) is delegated to the ten Regions of the US Environmental Protection Agency (EPA) and has, to date, identified more than 33,000 sites for consideration. The size and complexity of the program places great demands on those who would provide information to achieve national consistency in application of risk assessment while meeting site-specific needs for risk management and risk communication.
Comparative risk assessments for the city of Pointe-à-Pitre (French West Indies): earthquakes and storm surge
Reveillere, A. R.; Bertil, D. B.; Douglas, J. D.; Grisanti, L. G.; Lecacheux, S. L.; Monfort, D. M.; Modaressi, H. M.; Müller, H. M.; Rohmer, J. R.; Sedan, O. S.
In France, risk assessments for natural hazards are usually carried out separately and decision makers lack comprehensive information. Moreover, since the cause of the hazard (e.g. meteorological, geological) and the physical phenomenon that causes damage (e.g. inundation, ground shaking) may be fundamentally different, the quantitative comparison of single risk assessments that were not conducted in a compatible framework is not straightforward. Comprehensive comparative risk assessments exist in a few other countries. For instance, the Risk Map Germany project has developed and applied a methodology for quantitatively comparing the risk of relevant natural hazards at various scales (city, state) in Germany. The present on-going work applies a similar methodology to the Pointe-à-Pitre urban area, which represents more than half of the population of Guadeloupe, an overseas region in the French West Indies. Relevant hazards as well as hazard intensity levels differ from continental Europe, which will lead to different conclusions. French West Indies are prone to a large number of hazards, among which hurricanes, volcanic eruptions and earthquakes dominate. Hurricanes cause damage through three phenomena: wind, heavy rainfall and storm surge, the latter having had a preeminent role during the largest historical event in 1928. Seismic risk is characterized by many induced phenomena, among which earthquake shocks dominate. This study proposes a comparison of earthquake and cyclonic storm surge risks. Losses corresponding to hazard intensities having the same probability of occurrence are calculated. They are quantified in a common loss unit, chosen to be the direct economic losses. Intangible or indirect losses are not considered. The methodology therefore relies on (i) a probabilistic hazard assessment, (ii) a loss ratio estimation for the exposed elements and (iii) an economic estimation of these assets. Storm surge hazard assessment is based on the selection of
Directory of Open Access Journals (Sweden)
Full Text Available High risk – high benefit: a well-known correlation both in the economic field and in the day-to-day life. Another correlation, on which this article is based: large project – numerous participants – increased risks and other malfunctions. The risk management concept is challenged by those projects and is forced to find the most adequate "customized" ways for each project at its turn. In this respect, the assessment of management has followed the trend of the last three decades, marked by moving of management profit analysis by risk intermediation, respectively the transition from managing profit to risk-return relationship management. Such trend assumes the obligation of participants to identify objectives and expected benefits of the project on the basis of the strategies laid-down, the elements of risk management policies, in conjunction with the indication of the most negative scenarios which they may provide. This activity must take into consideration the process of obtaining and combining human, financial, physical and information resources in order to accomplish the primary goal of the proposed and wanted project by a certain segment of population. Project participants are directed to evaluate their own activities in terms of revenues and risks from the business access, opportunity, operating mode, as well as the limitations and boundaries on certain sides of activity. The paper focuses on the analysis and evaluation of incomes and risks, on simulations to streamline the activities and the determination of the optimal model of project choice. Also, the paper treats the risks that can be taken over by the sponsors, especially those related to implied guaranties, even implied guaranties.
The association between exposure and psychological health in earthquake survivors from the Longmen Shan Fault area: the mediating effect of risk perception
Directory of Open Access Journals (Sweden)
Jiuping Xu
Full Text Available Abstract Background In this study, exposure refers to survivors who suffered from life-changing situations, such as personal injuries, the deaths or injury of family members, relatives or friends or the loss of or damage to personal or family property, as a result of the earthquake. The mediating effect of risk perception on the exposure and psychological health in survivors from the Longmen Shan Fault area and the moderating effect of social support on the relationship between risk perception and psychological health were both examined. Method A cross-sectional survey was conducted in a local Longmen Shan Fault area near the epicenter of the 2008 Wenchuan earthquake. The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition (DSM-IV, the standard Chinese 12-item Short Form (SF-12v2, and the Social Support Rating Scale (SSRS were used to interview 2,080 earthquake survivors in the period one-year after the earthquake. Based on the environment and the characteristics of the Longmen Shan Fault area, a risk perception questionnaire was developed to evaluate survivor risk perception. Factor and regression analyses were conducted to determine the hypothetical relations. Results The analyses provided effective support for the hypothesized model. Survivor risk perception was classified into direct risk perception and indirect risk perception. Survivor direct risk perception was found to play a partial mediating role in the relationship between exposure and the two domains (Physical component summary (PCS and the Mental component summary (MCS of psychological health. Survivor indirect risk perception was found to have a only partial mediating effect on the association between exposure and MCS. Social support was found to moderate the influence of risk perception on psychological health. Conclusion Risk communication should be considered in future post-earthquake psychological assistance programs and social support strategies could also be
Comparisons on International Approaches of Business and Project Risk Management
Nadia Carmen ENE
In this article we intend to present a comparative approach between three recognized international methodologies for risk management: RISKMAN, Project Management Institute Methodology-PMBoK and Project Risk Analysis and Management Guide (produced by Association for Project Management).
High risk – high benefit: a well-known correlation both in the economic field and in the day-to-day life. Another correlation, on which this article is based: large project – numerous participants – increased risks and other malfunctions. The risk management concept is challenged by those projects and is forced to find the most adequate "customized" ways for each project at its turn. In this respect, the assessment of management has followed the trend of the last three decades, marked by movi...
THRMS: A pilot risk management system
International Nuclear Information System (INIS)
Xue, D.; Xu, Y.
Daya Bay NPP is the first commercial nuclear power plant in China. This plant is interested in and pro-active towards the development and application of PSA and PSA tools. This, together with the support from the IAEA promoted the project 'THRMS: the pilot study of risk management system for NPP'. The objectives in development and implementation of THRMS includes: survey and discuss on the development of the approaches used in constructing plant risk models; design and study on the realization of a real-time risk management system. An overview of the project is presented in this paper. (author)
The role of risk perception for risk management
International Nuclear Information System (INIS)
Renn, Ortwin
Are risks social constructions of different societal actors that can be checked at best against standards of consistency, cohesion and internal conventions of deduction, but cannot claim any validity outside of the actor's logical framework? Or are technical estimates of risk representations of real hazards that can and will affect people as predicted by the statistical values, regardless of the beliefs or convictions of those who conduct the assessments? Which of the two sides one takes determines the legitimate function of risk perception for management purposes. The paper argues that both extremes, the constructivist and the realist perspective, miss the point, as risks are always mental representations of threats that are capable of claiming real losses. Over the last two decades, risk analysts have dealt with both sides of risk in an additive fashion. In times in which risk management has been under serious pressure to demonstrate effectiveness and cost-efficiency, the parallel approach of pleasing the technical elite and the public alike has lost legitimacy. In order to integrate risk assessment and perception, the paper analyses the strengths and weaknesses of each approach to risk analysis and highlights the potential contributions that the technical sciences and the social sciences can offer to risk management. Technical assessments provide the best estimate for judging the average probability of an adverse effect linked to an object or activity. First, public perception should govern the selection of criteria on which acceptability or tolerability are to be judged. Second, public input is needed to determine the trade-offs between criteria. Third, public preferences are needed to design resilient strategies for coping with remaining uncertainties. A public participation model is introduced that promises an integration of analytic knowledge and deliberative process involving those who will be affected by the respective risk
Climate Change Risk Management: CRE Adaptation Projects and the Risk Management Process
This document describes National Estuary Program partner projects that demonstrate how risk management can be successfully applied to address environmental challenges in our country's coastal areas.
Transitioning leadership and risk management
Coulson-Thomas, Colin
One of the dilemmas faced by directors and other corporate leaders is the need to be entrepreneurial in ensuring the future success of a company which involves risk, while at the same time retaining prudent control. Transitioning leadership suggests a process of adjustment, adaptation, transformation or metamorphosis from one condition, situation or state to another, depending upon the extent of the internal or external change required to continue to operate and cope. The process also involve...
The Role of risk perception for risk management
International Nuclear Information System (INIS)
Renn, Ortwin
The list of individual and social factors that shape risk perception demonstrates that the intuitive understanding of risk is a multidimensional concept and cannot be reduced to the product of probabilities and consequences. Although risk perceptions differ considerably among social and cultural groups, the multi-dimensionality of risk and the integration of beliefs related to risk, the cause of risk, and its circumstances into a consistent belief system appear to be common characteristics of public risk perception in almost all countries in which such studies have been performed. Furthermore, the experience of risk is not limited to the threat of facing harm in the future. It includes subjective predictions of possible outcomes, the social and cultural context in which the risk is experienced, the mental images the risk situation evokes, the perception of the players who are involved in the risk situation and the judgments about fairness and equity related to the distribution of potential hazardous events. In this sense, risk is a social construct rather than a physical entity. Risk communication and conflict resolution is therefore a crucial element of any risk management strategy. The goal of risk communication and conflict resolution should not be to persuade people to accept whatever the communicator thinks is best for them. The ideal communication program envisions a receiver who processes all the available information to form a well-balanced judgement in accordance with the factual evidence, the arguments of all sides, and his/her own interests and preferences. The ultimate goal of risk communication is to reconcile expertise, interests, and public preferences. (EHS)
Operational risk management for a NPP
Energy Technology Data Exchange (ETDEWEB)
Scott, C.K., E-mail: firstname.lastname@example.com [Atlantic Nuclear Services Inc., Fredericton, New Brunswick (Canada)
Organizational failures are a hazard to the successful operation of a nuclear power plant. Risk reduction strategies have been developed around two themes: using an understanding of the nature and mechanism of human failures to eliminate them by modifying work processes; or, modifying human behaviour by creating a strong safety culture that overrides the tendency to fail. This paper examines the problem from the perspective of operational risk management. It includes the internal management of operations and the influence of the external environment on the organization. A model is proposed that encompasses all the operational risk factors in the organization's decision making process. To prevent failure the organization must have the capability to adapt and the capacity to evolve. The hazards that would lead to an organizational failure are developed from this evolutionary model. The operational risk management program would include these hazards as well as the conventional nuclear safety hazards. (author)
Probability distributions in risk management operations
Artikis, Constantinos
This book is about the formulations, theoretical investigations, and practical applications of new stochastic models for fundamental concepts and operations of the discipline of risk management. It also examines how these models can be useful in the descriptions, measurements, evaluations, and treatments of risks threatening various modern organizations. Moreover, the book makes clear that such stochastic models constitute very strong analytical tools which substantially facilitate strategic thinking and strategic decision making in many significant areas of risk management. In particular the incorporation of fundamental probabilistic concepts such as the sum, minimum, and maximum of a random number of continuous, positive, independent, and identically distributed random variables in the mathematical structure of stochastic models significantly supports the suitability of these models in the developments, investigations, selections, and implementations of proactive and reactive risk management operations. The...
Living with risk: a management question
International Nuclear Information System (INIS)
Ale, Ben J.M.
Public authorities started to be really involved in risk management of hazardous materials some 30 years ago. Recent developments have led to fresh attention for this matter and many further developments are underway. The history of risk management and safety regulation is one of strongly variable interest, forgotten lessons and rude awakenings. The impetus exerted by accidents is short lived. Safety cases become documents to satisfy regulation rather than instruments to reduce risk. Deregulation, privatisation, and outsourcing pose new challenges to safety and risk management. Some of the unfortunate side effects have already become apparent. This invariably leads to the next disaster, which will have a striking resemblance to the previous one when abstracted from the immediate technological context. Lessons can be learned if we really want. The question remains: 'Do we?'
Risk management - unappreciated instrument of supply chain management strategy
Directory of Open Access Journals (Sweden)
Wojciech Machowiak
Full Text Available Background: Unlike Enterprise Risk Management, which is certainly quite well rooted in business practice, Supply Chain Risk Management (SCRM still continues to be dynamically developing subject of academic research, whereas its practical applications are rather scarce. Material and methods: On the basis of broad review of the current state of the art in world literature, significant relevancies to the core processes and enterprise strategy are discussed. Results: The paper shows some interesting from the enterprise's performance and competitiveness point of view additional benefits, potentially resulting from the proactive, consistent and effective implementation of the SCRM system. Conclusions: Some additional advantages from proactive supply chain risk management account for perceiving SCRM as multifunctional instrument of strategic SC management, exceeding established understanding RM as security and threat-prevention tool only. Positive influence from SCRM onto SC performance and competitiveness can make reasonable to enhance its position within SCM strategy.
Risk management in a university environment.
Brewer, Ann; Walker, Ian
Risk is an integral part of quality assurance in higher education in Australia. This paper describes a generic methodology for the identification and management of risk in a university or similar tertiary education environment and outlines a framework that enables the management of risk to be incorporated in the institution's governance cycle. The new approach here is that risk is embedded in the quality assurance framework and, in turn, in the strategic planning and budgeting processes. In many organisations, risk is implemented as a separate process and not considered in any meaningful way as integral to the strategic direction and performance of the university. The paper is based on work carried out by the authors and others between March 2008 and April 2009 to develop a comprehensive system for managing risk in a major Australian university, including processes whereby risk management could be integrated with, and add value to, the overall governance of the university. The case study is described in the appendix to this paper.
The Architecture of Financial Risk Management Systems
Directory of Open Access Journals (Sweden)
Iosif ZIMAN
Full Text Available The architecture of systems dedicated to risk management is probably one of the more complex tasks to tackle in the world of finance. Financial risk has been at the center of attention since the explosive growth of financial markets and even more so after the 2008 financial crisis. At multiple levels, financial companies, financial regulatory bodies, governments and cross-national regulatory bodies, all have put the subject of financial risk in particular and the way it is calculated, managed, reported and monitored under intense scrutiny. As a result the technology underpinnings which support the implementation of financial risk systems has evolved considerably and has become one of the most complex areas involving systems and technology in the context of the financial industry. We present the main paradigms, require-ments and design considerations when undertaking the implementation of risk system and give examples of user requirements, sample product coverage and performance parameters.
Managing IT-related operational risks
Directory of Open Access Journals (Sweden)
Savić Ana
Full Text Available Not so long ago, information technology (IT risk occupied a small corner of operational risk - the opportunity loss from a missed IT development deadline. Today, the success of an entire financial institution may lay on managing a broad landscape of IT risks. IT risk is a potential damage to an organization's value, resulting from inadequate managing of processes and technologies. IT risk includes the failure to respond to security and privacy requirements, as well as many other issues such as: human error, internal fraud through software manipulation, external fraud by intruders, obsolesce in applications and machines, reliability issues or mismanagement. The World Economic Forum provides best information about this problem. They rank a breakdown of critical information infrastructure among the most likely core global risks, with 10-20 % likelihood over the next 10 years and potential worldwide impact of $250 billion. Sustained investment in IT - almost $1.2 trillion or 29% of 2006 private-sector capital investment in the U.S. alone fuels growing exposure to IT risk. Greg Hughes, chief strategy officer in Symantec Corp. recently claimed "IT risk management is more than using technology to solve security problems. With proper planning and broad support, it can give an organization the confidence to innovate, using IT to outdistance competitors".
Managing Communities – Mining MNEs' Community Risk Management Practices
DEFF Research Database (Denmark)
Taarup Esbensen, Jacob
This PhD reflects the effort to close a gap in the multinational enterprise (MNE) risk management literature on the identification and mitigation of risk arising from local communities. Small villages and towns that are situated geographically close to the MNEs' place of operation have increasingly......-to-date information about mining MNE operations. This improved outreach has meant that mines have been closed due to conflicts with local communities and therefor a need had arisen for MNEs to implement management practices that can effectively mitigate these types of risks....... been identified as a source of risk (BSR, 2003; ICMM, 2015). The mining industry is one of the most exposed to risks from local communities, where there historically have been many conflicts between mine owners on one side and the people living close to the mine on the other (Godoy, 1985; Hoskin, 1912...
The Role of Citizen Science in Risk Mitigation and Disaster Response: A Case Study of 2015 Nepalese Earthquake Using OpenStreetMap
Rieger, C.; Byrne, J. M.
Citizen science includes networks of ordinary people acting as sensors, observing and recording information for science. OpenStreetMap is one such sensor network which empowers citizens to collaboratively produce a global picture from free geographic information. The success of this open source software is extended by the development of freely used open databases for the user community. Participating citizens do not require a high level of skill. Final results are processed by professionals following quality assurance protocols before map information is released. OpenStreetMap is not only the cheapest source of timely maps in many cases but also often the only source. This is particularly true in developing countries. Emergency responses to the recent earthquake in Nepal illustrates the value for rapidly updated geographical information. This includes emergency management, damage assessment, post-disaster response, and future risk mitigation. Local disaster conditions (landslides, road closings, bridge failures, etc.) were documented for local aid workers by citizen scientists working remotely. Satellites and drones provide digital imagery of the disaster zone and OpenStreetMap participants shared the data from locations around the globe. For the Nepal earthquake, OpenStreetMap provided a team of volunteers on the ground through their Humanitarian OpenStreetMap Team (HOT) which contribute data to the disaster response through smartphones and laptops. This, combined with global citizen science efforts, provided immediate geographically useful maps to assist aid workers, including the Red Cross and Canadian DART Team, and the Nepalese government. As of August 2014, almost 1.7 million users provided over 2.5 billion edits to the OpenStreetMap map database. Due to the increased usage of smartphones, GPS-enabled devices, and the growing participation in citizen science projects, data gathering is proving an effective way to contribute as a global citizen. This paper
Tank waste remediation system programmatic risk management plan
International Nuclear Information System (INIS)
Seaver, D.A.
This risk management plan defines the approach to be taken to managing risks in the Tank Waste Remediation System (TWRS) program. It defines the actions to be taken at the overall program level, and the risk management requirements for lower-level projects and other activities. The primary focus of this plan is on ''programmatic'' risks, i.e., risks with respect to the cost, schedule, and technical performance of the program. The plan defines an approach providing managers with the flexibility to manage risks according to their specific needs, yet creates. The consistency needed for effectiveness across the program. The basic risk management approach uses a risk management list for the program, each project, and additional lower-level activities. The risk management list will be regularly reviewed and updated by appropriate level of management. Each list defines key risks, their likelihood and consequences, risk management actions to be taken, responsible individuals, and other management information
[The hazards of reconstruction: anthropology of dwelling and social health risk in the L'Aquila (Central Italy) post-earthquake].
Ciccozzi, Antonello
Even starting from the purpose of restoring the damage caused by a natural disaster, the post-earthquake reconstructions imply the risk of triggering a set of social disasters that may affect the public health sphere. In the case of the L'Aquila earthquake this risk seems to emerge within the urban planning on two levels of dwelling: at a landscape level, where there has been a change in the shape of the city towards a sprawling-sprinkling process; at an architectural level, on the problematic relationship between the politics and the poetics of cultural heritage protection and the goal to get restoration works capable to ensure the citizens seismic safety.
Risk management of a fund for natural disasters
Flores, C.
Mexico is a country which has to deal with several natural disaster risks: earthquakes, droughts, volcanic eruptions, floods, slides, wild fires, extreme temperatures, etc. In order to reduce the country's vulnerability to the impact of these natural disasters and to support rapid recovery when they occur, the government established in 1996 Mexico's Fund for Natural Disasters (FONDEN). Since its creation, its resources have been insufficient to meet all government obligations. The aim of this project is the development of a dynamic strategy to optimise the management of a fund for natural disasters starting from the example of FONDEN. The problem of budgetary planning is being considered for the modelling. We control the level of the fund's cash (R_t)0money borrowed at time t. For the initial model, we assume that the deterministic payments for risk transfer and debt are made at t=0. We determine c>0 at t=0 and then we try to pull at every moment the process to this objective. Multifractal models in geophysics are physically based stochastic models. A multiplicative cascade model fitted to a data set can be used for generation of synthetic sequences that resemble the original data in terms of its scaling properties. Since recent years, uncertainty concepts based on multifractal fields are being applied to the development of techniques to calculate marginal and conditional probabilities of an extreme rainfall event in a determined zone. As initial point to the development of the model, a multifractal model for extreme rainfall events will be used as part of the input for the stochastic control model. A theme for further research is linking more warning systems to the model. Keywords: risk management, stochastic control, multifractal measures, multiplicative cascades, heavy rainfall events.
Modeling financial disaster risk management in developing countries
Mechler, R.; Hochrainer, S.; Pflug, G.; Linnerooth-Bayer, J.
The public sector plays a major role in reducing the long-term economic repercussions of disasters by repairing damaged infrastructure and providing financial assistance to households and businesses. If critical infrastructure is not repaired in a timely manner, there can be serious effects on the economy and the livelihoods of the population. The repair of public infrastructure, however, can be a significant drain on public budgets especially in developing and transition countries. Developing country governments frequently lack the liquidity, even including international aid and loans, to fully repair damaged critical public infrastructure or provide sufficient support to households and businesses for their recovery. The earthquake in Gujarat, and other recent cases of government post-disaster liquidity crises, have sounded an alarm, prompting financial development organizations, such as the World Bank, among others, to call for greater attention to reducing financial vulnerability and increasing the resilience of the public sector. This talk reports on a model designed to illustrate the tradeoffs and choices a developing country must make in financially managing the economic risks due to natural disasters. Budgetary resources allocated to pre-disaster risk management strategies, such as loss mitigation measures, a catastrophe reserve fund, insurance and contingent credit arrangements for public assets, reduce the probability of financing gaps - the inability of governments to meet their full obligations in providing relief to private victims and restoring public infrastructure - or prevent the deterioration of the ability to undertake additional borrowing without incurring a debt crisis. The model -which is equipped with a graphical interface - can be a helpful tool for building capacity of policy makers for developing and assessing public financing strategies for disaster risk by indicating the respective costs and consequences of financing alternatives.
Improving Operational Risk Management Using Business Performance Management Technologies
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Bram Pieket Weeserik
Full Text Available Operational Risk Management (ORM comprises the continuous management of risks resulting from: human actions, internal processes, systems, and external events. With increasing requirements, complexity and a growing volume of risks, information systems provide benefits for integrating risk management activities and optimizing performance. Business Performance Management (BPM technologies are believed to provide a solution for effective Operational Risk Management by offering several combined technologies including: work flow, data warehousing, (advanced analytics, reporting and dashboards. BPM technologies can be integrated with an organization's Planning & Control cycle and related to strategic objectives. This manuscript aims to show how ORM can benefit from BPM technologies via the development and practical validation of a new maturity model. The B4ORM maturity model was developed following the Design Science Research approach. The maturity model relates specific maturity levels of ORM processes with BPM technologies applicable for a specific maturity stage. There appears to be a strong relationship (0.78 with ORM process maturity and supporting BPM technologies. The B4ORM maturity model as described in this manuscript provides an ideal path of BPM technologies related to six distinctive stages of ORM, leading towards technologies suitable for continuous improvement of ORM processes and organization-wide integration.
Risk management methodology for RBMN project
International Nuclear Information System (INIS)
Borssatto, Maria F.B.; Tello, Cledola C.O.; Uemura, George
RBMN Project has been developed to design, construct and commission a national repository to dispose the low- and intermediate-level radioactive wastes from the operation of nuclear power plants and other industries that use radioactive sources and materials. Risk is a characteristic of all projects. The risks arise from uncertainties due to assumptions associated with the project and the environment in which it is executed. Risk management is the method by which these uncertainties are systematically monitored to ensure that the objectives of the project will be achieved. Considering the peculiarities of the Project, that is, comprehensive scope, multidisciplinary team, apparently polemic due to the unknowing of the subject by the stake holders, especially the community, it is being developed a specific methodology for risk management of this Project. This methodology will be critical for future generations who will be responsible for the final stages of the repository. It will provide greater guarantee to the processes already implemented and will maintain a specific list of risks and solutions for this Project, ensuring safety and security of the repository throughout its life cycle that is the planned to last at least three hundred years. This paper presents the tools and processes already defined, management actions aimed at developing a culture of proactive risk in order to minimize threats to this Project and promote actions that bring opportunities to its success. The methodology is based on solid research on the subject, considering methodologies already established and globally recognized as best practices for project management. (author)
Model of Axiological Dimension Risk Management
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Kulińska Ewa
Full Text Available It was on the basis of the obtained results that identify the key prerequisites for the integration of the management of logistics processes, management of the value creation process, and risk management that the methodological basis for the construction of the axiological dimension of the risk management (ADRM model of logistics processes was determined. By taking into account the contribution of individual concepts to the new research area, its essence was defined as an integrated, structured instrumentation aimed at the identification and implementation of logistics processes supporting creation of the value added as well as the identification and elimination of risk factors disturbing the process of the value creation for internal and external customers. The base for the ADRM concept of logistics processes is the use of the potential being inherent in synergistic effects which are obtained by using prerequisites for the integration of the management of logistics processes, of value creation and risk management as the key determinants of the value creation.
Safety control and risk management
International Nuclear Information System (INIS)
Rasmussen, J.
The acceptable probability of major accidents in nuclear power is very small, and can not be determined from direct empirical evidence. Therefore, control of the level of safety is a complex problem. The difficulty is related to the fact that a variable, 'safety', which is not accessible to direct measurement, is to be tightly controlled. Control, therefore, depends on a systematic, analytical prediction of the target state, i.e., the level of safety, from indirect evidence. From a control theoretic point of view this means that safety is controlled by a system which includes openloop as well as closed loop control paths. The aim of the paper is to take a general systems view on the complex mechanisms involved in the control of safety of industrial installations like nuclear power. From this, the role of probabilistic risk analysis is evaluated and needs for further development discussed. (author)
International comparative analyses of healthcare risk management.
Sun, Niuyun; Wang, Li; Zhou, Jun; Yuan, Qiang; Zhang, Zongjiu; Li, Youping; Liang, Minghui; Cheng, Lan; Gao, Guangming; Cui, Xiaohui
Interpretation of the growing body of global literature on health care risk is compromised by a lack of common understanding and language. This series of articles aims to comprehensively compare laws and regulations, institutional management, and administration of incidence reporting systems on medical risk management in the United Kingdom, the United States, Canada, Australia, and Taiwan, so as to provide evidence and recommendations for health care risk management policy in China. We searched the official websites of the healthcare risk management agencies of the four countries and one district for laws, regulatory documents, research reports, reviews and evaluation forms concerned with healthcare risk management and assessment. Descriptive comparative analysis was performed on relevant documents. A total of 146 documents were included in this study, including 2 laws (1.4%), 17 policy documents (11.6%), 41 guidance documents (28.1%), 37 reviews (25.3%), and 49 documents giving general information (33.6%). The United States government implemented one law and one rule of patient safety management, while the United Kingdom and Australia each issued professional guidances on patient safety improvement. The four countries implemented patient safety management policy on four different levels: national, state/province, hospital, and non-governmental organization. The four countries and one district adopted four levels of patient safety management, and the administration modes can be divided into an "NGO-led mode" represented by the United States and Canada and a "government-led mode" represented by the United Kingdom, Australia, and Taiwan. © 2011 Blackwell Publishing Asia Pty Ltd and Chinese Cochrane Center, West China Hospital of Sichuan University.