RISK MANAGEMENT IN SUPPLY NETWORKS FOR HYBRID VALUE BUNDLES - A Risk Assessment Framework

Author(s):  
Le Hong Ha ◽  
Le Hung ◽  
Le Quang Trung

The current trend of increasing construction project size and complexity results in higher level of project risk. As a result, risk management is a crucial determinant of the success of a project. It seems necessary for construction companies to integrate a risk management system into their organizational structure. The main aim of this paper is to propose a risk assessment framework using Artificial Neural Network (ANN) technique. Three main phases of the proposed framework are risk management phase, ANN training phase and framework application phase. Thereby, Risk Factors are identified and analysed using Failure Mode and Effect Analysis (FMEA) technique. ANN model is created and trained to evaluate the impact of Risk Factors on Project Risk which is represented through the ratio of contractor’s profit to project costs. As a result, the framework with successful model is used as a tool to support the construction company in assessing risk and evaluate their impact on the project’s profit for new projects. Keywords: risk management; risk assessment; Artificial Neural Network (ANN); Failure Mode and Effect Analysis (FMEA); construction project.


2016 ◽  
Vol 24 (1) ◽  
pp. 10-16 ◽  
Author(s):  
Agáta Fargašová

AbstractPurpose of this paper is to draft shot information about framework for ecological risk assessment compile according Guidelines and short description of phases from which this method consists. During description of particular procedures, the meaning of used terms is introduced and explained. The framework for risk assessment is presented as a useful tool for risk management and selection of available cleanup and remedy technologies, and costs of alternative actions.


Author(s):  
Murray Eugene Jennex ◽  
Alexandra Durcikova

Knowledge is the most important asset that a company can have. Thus, it is imperative that this asset is safeguarded just like generic information assets. However, knowledge management (KM) and knowledge systems are different than traditional information systems with different threats and different operational requirements. Information security professionals recognize that risk assessment is the cornerstone to information security. The authors build on this perspective and propose that risk assessment techniques need to be applied to KM too to properly safeguard this asset. They discuss risk assessment frameworks and build on a KM/knowledge system specific risk assessment framework with a step-by-step guideline for KM/knowledge system specific threat assessment.


2020 ◽  
Vol 2020 (2) ◽  
pp. 33-41
Author(s):  
Irina Merzlyakova ◽  
Aleksandr Feofanov

The article considers general problems of implementing the enterprise risk management procedure. One of the ways to solve the problems arising when meeting Russian state standard ISO 9001-2015 requirements concerning risk-oriented thinking is presented. A risk assessment control model aimed at coordinating all kinds of the enterprise departments activities, forming a clear algorithm of risk management procedure implementation and attracting a greater number of employees towards this activity is offered.


Author(s):  
Vadim B. Alekseev ◽  
Nina V. Zaitseva ◽  
Pavel Z. Shur

Despite wide legislation basis of regulating relations in work safety and workers’ health, one third of workplaces demonstrate exceeded allowable normal levels of workers’ exposure to occupational hazards and present occupational risk for health disorders.In accordance to national legislation acts, evaluation should cover factors of occupational environment and working process, and occupational risk is understood in context of mandatory social insurance. This approach has been formed due to mostly compensatory trend in legal principles of work safety in Russia by now. Implementation of new preventive concept of work safety, based on idea of risk management for workers, necessitates development of legal acts that regulate requirements to evaluation of occupational risk and its reports with consideration of changes in Federal Law on 30 March 1999 №52 FZ “On sanitary epidemiologic well-being of population”.Those acts can include Sanitary Rules and Regulations “Evaluation of occupational risk for workers’ health”, that will contain main principles of risk assessment, requirements to risk assessment, including its characteristics which can serve as a basis of categorizing the risk levels with acceptability.To standardize requirements for informing a worker on the occupational risk, the expediency is specification of sanitary rules “Notifying a worker on occupational risk”. These rules should contain requirements: to a source of data on occupational risk level at workplace, to informational content and to ways of notifying the worker. Specification and implementation of the stated documents enable to fulfil legal requirements completely on work safety — that will provide preservation and increase of efficiency in using work resources.


2013 ◽  
Vol 8 (3) ◽  
pp. 249-268
Author(s):  
Basgul Fajzullohonovna Isupova

In this article, an analysis of the fundamental methods of risk assessment and risk management of credit portfolio is conducted. In particular, complex and qualitative methods of risk management of credit portfolio studied in details, namely analytical, statistical and coefficient methods. Based on the coefficient method the author proposes a number of standards for the assessment of potential losses in credit activity. 


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