scholarly journals Solution of negative consequences of risks by the means of insurance

2009 ◽  
Vol 57 (3) ◽  
pp. 89-96 ◽  
Author(s):  
Dana Martinovičová
Keyword(s):  
Risk Management ◽  
Negative Consequences ◽  
Primary Research ◽  
Secondary Research ◽  
Selection For ◽  
The One ◽  
A Company

Risk management should ensure a company to be able to react to possible future situations in a good advance and through variant solutions. This should minimize both, a risk and possible negative risk consequences especially on trade and on a single existence of a company. Solution of negative consequences of risks is the one of important goals and of investigation of companies' management as well as of companies´ owners. Submitted article presents the procedure of entities' risks selection for the purpose of their negative consequences covering by the means of insurance. This procedure has been elaborated by the author based on secondary research as well as on primary research. Author’s primary research has been focused especially on observation and analysis of several tens of entities. The procedure presented in this article has been also fruitfully implemented in observed entities. The content of this article would become an asset of risk management as of the branch of science; it would be a benefit for insurance as for connected branch, and also for the sphere of management economics.

scholarly journals Theoretical aspects of risks categorisation

2010 ◽  
Vol 58 (3) ◽  
pp. 131-136 ◽  
Author(s):  
Dana Martinovičová ◽  
Michaela Beranová ◽  
Josef Polák ◽  
Miloš Drdla
Keyword(s):  
Risk Management ◽  
Human Activity ◽  
Scientific Literature ◽  
Scientific Discipline ◽  
Risk Classification ◽  
Negative Consequences ◽  
The One ◽  
Risk Categorisation

Risk is the one of basic and inevitable characteristics of every human activity. In connection with business activities, it is the factor that is not possible to entirely eliminate. The fact that it is possible only to minimize a risk, respectively to minimize its negative consequences at certain conditions fulfilment is one o the risk specifications.The problem of risk classification is seriously wide. In scientific literature, various categorisations of risk are described and discussed while the categorisation is usually based on the purpose of presented classification.Risk categorisation represents the file of a risk into the one of existing categories constructed on the basis of parameters of classified risks. In the work, the authors summarize the theoretical backgrounds of risk categorisation, and it is especially in consequences of risk connected with business activities.The objective of the article is to provide the synthesis of theoretical categorisations of risk that would be contributing to the discipline of risk management as to the scientific discipline.

FORMALIZED DESCRIPTION OF THE PROCEDURE OF INFORMATION SYSTEM RISK MANAGEMENT

2018 ◽  
pp. 61-70
Author(s):  
Svetlana Sergeevna Kozunova ◽  
Alla Grigorievna Kravets
Keyword(s):  
Information System ◽  
Risk Management ◽  
Negative Consequences ◽  
Management Procedure ◽  
System Risk ◽  
Weak Points ◽  
Formalized Description ◽  
Relationship Of ◽  
The Relationship ◽  
Further Development

The article highlights the aspects of risk management in the information system. According to the analysis of the work of Russian and foreign scientists and world practices in the field of risk management, it is stated that there is a need to improve the effectiveness of risk management of information system and to develop a method for managing the risks of the information system. As a solution to the problem of effective risk management of the information system, there has been proposed a formalized procedure for managing the risks of the information system. The scientific novelty of this solution is the use of decision space and optimization space to reduce risks. This procedure allows to assess the damage, risk and effectiveness of risk management of the information system. The risks of the information system are determined and analyzed; a pyramidal risk diagram is developed. This diagram allows you to describe the relationship of risks with the components of the information system. The negative consequences to which these risks can lead are given. The analysis of methods and approaches to risk management has been carried out. Based on the results of the analysis, the methods GRAMM, CORAS, GOST R ISO / IEC scored to the maximum. The weak points of these methods and the difficulty of applying these methods in practice are described. The developed formalized risk management procedure to control the risks of information system can be used as management system’s element of the information security quality that complies with the recommendations of GOST R ISO / IEC 27003-2012. The prospect of further development of the research results is the development of management systems of risk of information system.

The concept of motivation for effective credit risk management

2020 ◽  
Vol 26 (11) ◽  
pp. 2567-2593
Author(s):  
M.V. Pomazanov
Keyword(s):  
Risk Management ◽  
Economic Modeling ◽  
Type I ◽  
Credit Risk Management ◽  
Curve Modeling ◽  
Business Functions ◽  
The Common ◽  
Lending Decisions ◽  
The One

Subject. The study addresses the improvement of risk management efficiency and the quality of lending decisions made by banks. Objectives. The aim is to present the bank management with a fair algorithm for risk management motivation on the one hand, and the credit management (business) on the other hand. Within the framework of the common goal to maximize risk-adjusted income from loans, this algorithm will provide guidelines for ‘risk management’ and ‘business’ functions on how to improve individual and overall efficiency. Methods. The study employs the discriminant analysis, type I and II errors, Lorentz curve modeling, statistical analysis, economic modeling. Results. The paper offers a mechanism for assessing the quality of risk management decisions as opposed to (or in support of) decisions of the lending business when approving transactions. The mechanism rests on the approach of stating type I and II errors and the corresponding classical metric of the Gini coefficient. On the ‘business’ side, the mechanism monitors the improvement or deterioration of the indicator of changes in losses in comparison with the market average. Conclusions. The study substantiates the stimulating ‘rules of the game’ between the ‘business’ and ‘risk management’ to improve the efficiency of the entire business, to optimize interactions within the framework of internal competition. It presents mathematical tools to calculate corresponding indicators of the efficiency of internally competing entities.

“Community Interests” and the Role of International Law in the Creation of a Global Market for Agricultural Land

2018 ◽  
Author(s):  
Jochen von Bernstorff
Keyword(s):  
International Law ◽  
Large Scale ◽  
Agricultural Land ◽  
Food Sovereignty ◽  
Global Market ◽  
Negative Consequences ◽  
Cultural Rights ◽  
Land Grab ◽  
Large Scale Land ◽  
The One

The chapter explores the notion of “community interests” with regard to the global “land-grab” phenomenon. Over the last decade, a dramatic increase of foreign investment in agricultural land could be observed. Bilateral investment treaties protect around 75 per cent of these large-scale land acquisitions, many of which came with associated social problems, such as displaced local populations and negative consequences for food security in Third World countries receiving these large-scale foreign investments. Hence, two potentially conflicting areas of international law are relevant in this context: Economic, social, and cultural rights and the principles of permanent sovereignty over natural resources and “food sovereignty” challenging large-scale investments on the one hand, and specific norms of international economic law stabilizing them on the other. The contribution discusses the usefulness of the concept of “community interests” in cases where the two colliding sets of norms are both considered to protect such interests.

scholarly journals A procedure for the introduction of leanness into a company

2021 ◽  
Author(s):  
Davorin Cimermančič ◽  
Janez Kušar ◽  
Tomaž Berlec
Keyword(s):  
Negative Impact ◽  
General Procedure ◽  
Portfolio Analysis ◽  
The Other ◽  
Business Operations ◽  
Step Procedure ◽  
The One ◽  
A Company

AbstractChanging a traditional company into a lean one is a very complex and time-consuming process that needs to be addressed in an appropriate way, otherwise the project of introduction of leanness into a company may fail on the one hand and even have a negative impact on business operations of the company on the other. When introducing a change, a step-by-step procedure leading to a progress may be of great help. The paper outlines a general procedure of leanness, an important part of which is a lean agent. A portfolio analysis is also used as a measure of leanness or as an indicator of the desired direction. The applied working methods were mainly active workshops and interviews with employees. The procedure has been tested on an example of a Slovene company; first, the existing situation is outlined, then the leanness steps taken according to the procedure and the final result after the first transition of the procedure.

scholarly journals Synthetic Hexanucleotides as a Tool to Overcome Excessive Neutrophil Activation Caused by CpG-Containing Oligonucleotides

Pathogens ◽  
2021 ◽  
Vol 10 (5) ◽  
pp. 530
Author(s):  
Ekaterina A. Golenkina ◽  
Svetlana I. Galkina ◽  
Nina G. Dolinnaya ◽  
Evgenii A. Arifulin ◽  
Yulia M. Romanova ◽  
...  
Keyword(s):  
Neutrophil Activation ◽  
Immunomodulatory Activity ◽  
Neutrophilic Granulocytes ◽  
Negative Consequences ◽  
Prooxidant Effect ◽  
Bacterial Dna ◽  
Cpg Odns ◽  
Tissue Damages ◽  
The One ◽  
Tissue Origin

Mimicking bacterial DNA, synthetic CpG-containing oligodeoxyribonucleotides (CpG-ODNs) have a powerful immunomodulatory potential. Their practical application is mainly associated with the production of vaccines, where they are used as adjuvants, as well as in local antimicrobial therapy. CpG-ODNs act on a wide variety of immune cells, including neutrophilic granulocytes. On the one hand, the stimulatory effect provides both the direct implementation of their antimicrobial and fungicidal mechanisms, and an avalanche-like strengthening of the immune signal due to interaction with other participants in the immune process. On the other hand, hyperactivation of neutrophilic granulocytes can have negative consequences. In particular, the formation of unreasonably high amounts of reactive oxygen species leads to tissue damages and, as a consequence, a spontaneous aggravation and prolongation of the inflammatory process. Under physiological conditions, a large number of DNA fragments are present in inflammation foci: both of microbial and self-tissue origin. We investigated effects of several short modified hexanucleotides on the main indicators of neutrophil activation, as well as their influence on the immunomodulatory activity of known synthetic CpG-ODNs. The results obtained show that short oligonucleotides partially inhibit the prooxidant effect of synthetic CpG-ODNs without significantly affecting the ability of the latter to overcome bacteria-induced pro-survival effects on neutrophilic granulocytes.

scholarly journals An Approach to Sustainability Risk Assessment in Industrial Assets

2021 ◽  
Vol 13 (12) ◽  
pp. 6538
Author(s):  
Fco. Javier García-Gómez ◽  
Víctor Fco. Rosales-Prieto ◽  
Alberto Sánchez-Lite ◽  
José Luis Fuentes-Bargues ◽  
Cristina González-Gaya
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Asset Management ◽  
Analysis And Evaluation ◽  
The People ◽  
Preliminary Study ◽  
Assessment Procedures ◽  
Identification Analysis ◽  
A Company ◽  
Industrial Company

Asset management, as a global process through which value is added to a company, is a managerial model that involves major changes in strategies, technologies, and resources; risk management; and a change in the attitude of the people involved. The growing commitment of companies to sustainability results in them applying this approach to all their activities. For this reason, it is relevant to develop sustainability risk assessment procedures in industrial assets. This paper presents a methodological framework for the inclusion of sustainability aspects in the risk management of industrial assets. This approach presents a procedure to provide general criteria, methodology, and essential mandatory requirements to be adopted for the identification, analysis, and evaluation of sustainability aspects, impacts, and risks related to assets owned and managed by an industrial company. The proposed procedure is based on ISO 55,000 and ISO 31,000 standards and was developed following three steps: a preliminary study, identification of sustainability aspects and sustainability risks/opportunities, and impact assessment and residual risks management. Our results could serve as a model that facilitates the improvement of sustainability analysis risks in industrial assets and could be used as a basis for future developments in the application of the standards to optimize management of these assets.

The importance of grasstrees (Xanthorrhoea preissii) as habitat for mardo (Antechinus flavipes leucogaster) during post-fire recovery

2007 ◽  
Vol 34 (8) ◽  
pp. 640 ◽  
Author(s):  
Marnie L. Swinburn ◽  
Patricia A. Fleming ◽  
Michael D. Craig ◽  
Andrew H. Grigg ◽  
Mark J. Garkaklis ◽  
...  
Keyword(s):  
Fire Management ◽  
Nest Site ◽  
Radio Telemetry ◽  
Important Resource ◽  
Nest Sites ◽  
Single Feature ◽  
Management Policies ◽  
Nesting Resources ◽  
Selection For ◽  
The One

Grasstrees (Xanthorrhoea) are an important structural component of many Australian ecosystems and also an important resource for many fauna species. Grasstrees have distinctive morphologies, with a crown of long thin leaves and skirts, the latter of which are accumulated dead leaves; both are incinerated by fire. This study determined the morphological features of Xanthorrhoea preissii, which change in response to fire from 6 months to 21 years post-burn. In addition, using radio-telemetry and spool-tracking, we determined that grasstrees are utilised as foraging and nesting resources for mardos (Antechinus flavipes leucogaster (Gray, 1841), Marsupialia: Dasyuridae). Recently burnt grasstrees (6 months post-burn) appeared not to be used by mardos at all. We found few mardos in these recently burnt sites, and the one individual we managed to track for 126 m utilised only a single grasstree: a 2-m-tall multiple-crowned grasstree that had escaped the fire was used as a nest site. For sites 5 years post-burn, mardos selectively utilised grasstrees with larger crown areas and those with a greater number of crowns compared with a random sample of available trees. At the 14-year post-burn sites, mardos still demonstrated some selection for grasstrees, although no specific single feature could be determined as most significant. We recorded humidity and temperature buffering effects in association with post-burn accumulation of grasstree skirt material and found that even dead grasstree ‘logs’ were an important resource for nests. We conclude that mardos utilise both live and dead grasstrees for foraging and nest sites, possibly owing to the availability of dense cover, a buffered microclimate, and potentially also food resources. Fire-management policies that promote habitat heterogeneity and retain several intact-skirted grasstrees within the landscape are likely to benefit mardos.

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