Risk management and its practical application: lessons from the British Army

2010 ◽  
Vol 13 (5) ◽  
pp. 669-686 ◽  
Author(s):  
Neil Trewin ◽  
Udechukwu Ojiako ◽  
Johnnie Johnson
Keyword(s):  
Risk Management ◽  
British Army ◽  
Practical Application

The Application Research of Rough Set on Customer Risk

2010 ◽  
Vol 20-23 ◽  
pp. 731-734
Author(s):  
Hong Jun Guan
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Computer Program ◽  
Rough Set ◽  
Relational Theory ◽  
Application Research ◽  
Practical Application ◽  
Chain Management

As an important role of supply chain, management impact deeply on the efficiency of the supply chain. This article first introduced the relational theory of rough set, then described the application on the customer risk management based on the analysis of a large number of historical transactions, gave the realization of computer program, and detailed the practical application. It has greatly proved the effective of the theory.

Patient safety and risk management in medical laboratories: theory and practical application

2017 ◽  
Vol 2 ◽  
pp. 75-75 ◽  
Author(s):  
Ada Aita ◽  
Andrea Padoan ◽  
Giorgia Antonelli ◽  
Laura Sciacovelli ◽  
Mario Plebani
Keyword(s):  
Risk Management ◽  
Patient Safety ◽  
Practical Application ◽  
Medical Laboratories

scholarly journals Self-Management Portfolio System with Adaptive Association Mining: A Practical Application on Taiwan Stock Market

Mathematics ◽  
2021 ◽  
Vol 9 (10) ◽  
pp. 1093
Author(s):  
Jia-Hao Syu ◽  
Yi-Ren Yeh ◽  
Mu-En Wu ◽  
Jan-Ming Ho
Keyword(s):  
Resource Allocation ◽  
Risk Management ◽  
Stock Market ◽  
Sharpe Ratio ◽  
Self Management ◽  
Association Mining ◽  
Practical Application ◽  
Trading System ◽  
Practical Applications ◽  
Financial Trading

A well-established financial trading system should well perform in resource allocation, risk management, and sustainability. In this paper, we propose a self-management portfolio system with adaptive association mining for practical applications. The system allocates funds into independent units for risk management, and utilizes association mining and adaptive closing mechanism for resource allocation and sustainability, and adopts a self-management module for monitoring positions. The proposed system boosts the annual return and Sharpe ratio to 9.1% and 0.578 (increased to 2.28 and 2.48 times), and reduces the drawdown risk to 34.6% (decreased to almost half). Furthermore, the system rapidly closes the stock positions to avoid drawdown risk in the bear markets, and gradually increases the stock positions when the market turns into bull. Compared with benchmarks, proposed system outperforms all benchmarks in all measurements and on randomly sampled dataset.

scholarly journals RISK APPETITE STATEMENT AS MULTINATIONAL ENTERPRISES’ INNOVATIVE RISK MANAGEMENT TOOL

2019 ◽  
pp. 67-74
Author(s):  
D. Rasshyvalov ◽  
M. Rushkovskyi
Keyword(s):  
Risk Management ◽  
Development Strategy ◽  
Multinational Enterprises ◽  
Management Tool ◽  
Special Focus ◽  
Practical Application ◽  
Risk And Uncertainty ◽  
Von Neumann ◽  
Risk Appetite ◽  
The Us

This article analyzes the preconditions and genesis of the concept of risk appetite from the first works on rational decision problem in the conditions of risk and uncertainty, researched by John von Neumann and Oscar Morgenstern in the mid of 20th century within the description of the utility function, to the modern use of Risk Appetite Statement as an innovative risk management tool of the multinational enterprises (MNE). A special focus is placed on the practical use and benefits of the Risk Appetite Statement within the process of internationalization and MNE development of the both financial and non-financial sectors of economy of the US, European Union and Ukraine. The paper argues that the Risk Appetite Statement tool not only sets limits on risks, but also provides other important advantages for MNE in forming a business development strategy and implementing key projects. Practical application of the Risk Appetite Statement in the largest state-owned enterprise of Ukraine NJSC "Naftogaz of Ukraine" is considered in detail.

scholarly journals Risk Management in the Higher Education Quality Insurance System

2020 ◽  
Vol 14 (1) ◽  
pp. 46-54
Author(s):  
Živko Kondić ◽  
Željko Knok ◽  
Veljko Kondić ◽  
Sanja Brekalo
Keyword(s):  
Higher Education ◽  
Risk Management ◽  
Daily Basis ◽  
Risk Identification ◽  
Education Quality ◽  
Practical Application ◽  
External Context ◽  
Risk Management Process ◽  
Higher Education Quality ◽  
Identification Analysis

Due to the factors that affect the results of work on a daily basis, higher education institutions, through their quality assurance systems, or their planning, must assess risks. In doing so, they must take into account all issues of the internal and external context as well as the needs and expectations of all stakeholders in higher education. The paper explains in an appropriate way the concept of risk as well as all the elements that determine it and their classification in the field of higher education. Subsequently, a possible approach to risk management is discussed, with an emphasis on clarifying the principles and the risk management process itself. Finally, the basics of practical application in risk identification, analysis, evaluation and treatment are outlined.

scholarly journals MODELING THE PROCESS OF RISK MANAGEMENT RESPONSE TO THE NEGATIVE IMPACT OF RISKS AS THE BASIS FOR ENSURING ECONOMIC SECURITY

2021 ◽  
Vol 19 (02) ◽  
pp. 289-302
Author(s):  
Svitlana Kryshtanovych ◽  
Viktoriya Gutsulyak ◽  
Ivanna Huzii ◽  
Tetiana Helzhynska ◽  
Valentyna Shepitchak
Keyword(s):  
Risk Management ◽  
Research Methodology ◽  
Negative Impact ◽  
Methodological Approach ◽  
Economic Security ◽  
Engineering Industry ◽  
Practical Application ◽  
Modeling Methods ◽  
Practical Implications

Purpose – the main purpose of the article is to form a methodological approach to counteract risks that most negatively affect the system of ensuring the economic security of engineering enterprises. Research methodology – the research methodology involves the application of the theory of graph connections, modeling from IDEF0. Findings – the main risks that most negatively affect the system of ensuring the economic security of engineering enterprises were identified, modeling of the main stages of response to their impact was carried out. Research limitations – the article has a number of limitations and this applies to the area of the study. The emphasis was on the engineering industry. In addition, it should be noted that there are other modeling methods for mapping the stages of response to the negative impact of risks. Practical implications – practical application of our methodological approach can be suitable for engineering enterprises. Originality/Value – the originality of the study lies in the presented methodological approach to identifying the risks that most negatively affect the system of economic security of engineering enterprises and modeling the process of responding to this impact.

scholarly journals RISK MANAGEMENT AND STRATEGIC PLANNING

2017 ◽  
Vol 44 (4) ◽  
pp. 37
Author(s):  
Snežana Pavićević ◽  
Vida Živković ◽  
Tijana Stanković
Keyword(s):  
Risk Management ◽  
Strategic Planning ◽  
Business Strategy ◽  
Planning Process ◽  
Comprehensive Model ◽  
Business Organizations ◽  
Practical Application ◽  
Strategy Formulation ◽  
Decision Making Processes ◽  
Risk Managers

Companies are exposed to a variety of risks related to the development and implementation of the business strategy. It is possible to observe an opportunity to analyze how different kinds of risk information can be objectively considered by senior management in order to enhance corporate governance and have sound decision making processes. Strategy formulation is the main part of the strategic planning process. Most common strategic planning tools do not even take risk into account, which worsens the situation. Subsequently, it is time to identify and measure strategic risks. Risk management may also support the development of institutional actions so as to increase the likelihood of reaching the expected results. Therefore, this paper aims to introduce a new comprehensive model which integrates risk management into strategic planning. A number of risk tools, improvements to be made by risk managers and a practical application of the model are presented in order to make possible the establishment and deployment of an effective strategy by the organization. The paper also describes the importance of strategic planning and management for the existence and development of enterprises and business organizations.

Sign in / Sign up

Export Citation Format

Share Document