Selection of Risk Management Strategies in Informal Construction Sector

Slope failures are common in many parts of the world which occur due to manifold reasons and they result in huge losses to the respective locals. This study evaluates the initiatives that can enhance the safety of slope by considering the remedial measures to deal with the factors causing slope instability and discusses the application of risk management strategies to address the problems that can cause the slope to fail. The methods for the remediation of slope include modification in slope geometry, drainage, use of retaining structures and internal slope reinforcement. This study also discusses the risk management process which is a hierarchical procedure that includes assessment and control of risk through different techniques in order to manage the uncertainties associated with the slope. It has been observed that the implementation of risk management strategy aids in the proper identification of risk and its severity which dictates the selection of appropriate remedial measure for the rectification of slope. For reducing the number of landslides, this study suggests the use of risk based strategies to curtail the chances of slope failure.

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Phases and tools for supply chain risk management: a systematic literature review

Gestão & Produção ◽

10.1590/0104-530x4227-20 ◽

2020 ◽

Vol 27 (3) ◽

Author(s):

Priscila Gomes Pereira Gaspar ◽

Paula Santos Ceryno ◽

Ana Luiza Ferrer ◽

Antônio Márcio Tavares Thomé

Keyword(s):

Risk Management ◽

Supply Chain ◽

Literature Review ◽

Systematic Literature Review ◽

Management Strategies ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Academic Literature ◽

Risk Management Strategies ◽

Selection Of

Abstract Supply chain risk management (SCRM) has been widely discussed in the academic literature and several models have been proposed in recent years, but there is a need for a model encompassing phases and tools for SCRM. This study presents a systematic literature review (SLR) of 254 abstracts and 68 full-text papers. The SLR made it possible to identify and define the main phases for the SCRM, as well as the tools proposed for each phase. There is a concentration of efforts in the phases of identification, assessment, and selection of risk management strategies and a limited number of studies in monitoring and controlling risks. The article offers a global SCRM framework, contributing to the theoretical discussions and a practical guide to implementation related to SCRM.

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The Determinants of Risk-Sharing Strategies of Food-Retailers: A Study on Chittagong, Bangladesh

International Journal of Financial Research ◽

10.5430/ijfr.v11n6p337 ◽

2020 ◽

Vol 11 (6) ◽

pp. 337

Author(s):

Awlad Hosen Sagar ◽

Md Abu Bakkar Siddik ◽

Rubayet Hasan

Keyword(s):

Risk Management ◽

Risk Sharing ◽

Management Strategies ◽

Primary Data ◽

Risk Attitudes ◽

Business Risk ◽

Theoretical Understanding ◽

Food Retailers ◽

Risk Management Strategies ◽

Selection Of

Food-retailers have access to various risk management strategies to manage the risks in food processing and trading. Risk-sharing is a powerful instrument amongst risk management strategies. It comprises a negotiation of risk allocation between at least two agents to reduce risk and to increase expected utility. The objective of the study is to identify the factors that affect the selection of risk-sharing strategies of food-retailers. In this regard, the study explains risk-sharing instruments from three perspectives: risk reduction; risk mitigation; and risk coping strategies. Food-retailers choose these risk-sharing strategies according to their preference. We link a theoretical understanding of the existing risk-sharing strategies with an empirical model. For quantitative analysis, primary data encompassing 24 variables is sampled from 109 randomly selected food-retailers from and around the city of Chittagong, Bangladesh. This study uses a multiple regression model to identify the significant factors in selecting risk-sharing strategies. The results infer that Family Employment, Hired Employment, Value Chain Challenges, Institutional Challenges, Societal Challenges, Risk Attitudes on Marketing and Promotion, Risk Attitudes on Innovation, Risk Attitudes on Business-in-General, Gender and Expectation for Succession, have a significant effect on the selection of risk-sharing strategies. The analysis is performed on SPSS (version-26). This study covers only off-business risk-sharing instruments of food-retailing. Consequently, this result is irrespective of on-business risk management strategies.

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Helping supervisees learn ethically based risk management strategies

PsycEXTRA Dataset ◽

10.1037/e500672008-001 ◽

2008 ◽

Author(s):

Samuel Knapp

Keyword(s):

Risk Management ◽

Management Strategies ◽

Risk Management Strategies

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The management of risk in a dryland environment

Proceedings of the New Zealand Grassland Association ◽

10.33584/jnzg.2011.73.2835 ◽

2011 ◽

pp. 13-21

Author(s):

D.I. Gray ◽

J.I. Reid ◽

D.J. Horne

Keyword(s):

Risk Management ◽

Service Providers ◽

Management Strategies ◽

Subterranean Clover ◽

Farming Systems ◽

Market Risk ◽

Farm Size ◽

Forage Crops ◽

Risk Management Strategies ◽

Upside Risk

A group of 24 Hawke's Bay hill country farmers are working with service providers to improve the resilience of their farming systems. An important step in the process was to undertake an inventory of their risk management strategies. Farmers were interviewed about their farming systems and risk management strategies and the data was analysed using descriptive statistics. There was considerable variation in the strategies adopted by the farmers to cope with a dryland environment. Importantly, these strategies had to cope with three types of drought and also upside risk (better than expected conditions), and so flexibility was critical. Infra-structure was important in managing a dryland environment. Farmers chose between increased scale (increasing farm size) and geographic dispersion (owning a second property in another location) through to intensification (investing in subdivision, drainage, capital fertiliser, new pasture species). The study identified that there may be scope for further investment in infra-structural elements such as drainage, deeper rooting alternative pasture species and water harvesting, along with improved management of subterranean clover to improve flexibility. Many of the farmers used forage crops and idling capacity (reduced stocking rate) to improve flexibility; others argued that maintaining pasture quality and managing upside risk was a better strategy in a dryland environment. Supplementary feed was an important strategy for some farmers, but its use was limited by contour and machinery constraints. A surprisingly large proportion of farmers run breeding cows, a policy that is much less flexible than trading stock. However, several farmers had improved their flexibility by running a high proportion of trading cattle and buffer mobs of ewe hoggets and trade lambs. To manage market risk, the majority of farmers are selling a large proportion of their lambs prime. Similarly, cattle are either sold prime or store onto the grass market when prices are at a premium. However, market risk associated with the purchase of supplements and grazing was poorly managed.

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The Effects of Decision Aid Orientation on Risk Factor Identification and Audit Test Planning

Auditing A Journal of Practice & Theory ◽

10.2308/aud.2002.21.2.39 ◽

2002 ◽

Vol 21 (2) ◽

pp. 39-56 ◽

Cited By ~ 29

Author(s):

Jean C. Bedard ◽

Lynford E. Graham

Keyword(s):

Risk Factors ◽

Risk Management ◽

Decision Aid ◽

Decision Aids ◽

Management Strategies ◽

Risk Identification ◽

Matched Pair ◽

Audit Planning ◽

Audit Firms ◽

Risk Management Strategies

In auditing, risk management involves identifying client facts or issues that may affect engagement risk, and planning evidence-gathering strategies accordingly. The purpose of this paper is to examine whether auditors' identification of risk factors and planning of audit tests is affected by decision aid orientation, i.e., a “negative” focus wherein client risk and its consequences are emphasized, or a “positive” focus where such factors are not emphasized. Specifically, we expect that auditors will identify more risk factors using a negatively oriented risk identification decision aid, but only when engagement risk is relatively high. We address this issue in the context of auditors' knowledge of actual clients, manipulating decision aid orientation as negative or positive in a matched-pair design. Results show that auditors using the negative decision aid orientation identify more risk factors than do those using a positive orientation, for their higher-risk clients. We also find that decisions to apply substantive tests are more directly linked to specific risk factors identified than to direct risk assessments. Further, our results show that auditors with repeat engagement experience with the client identify more risk factors. The findings of this study imply that audit firms may improve their risk management strategies through simple changes in the design of decision aids used to support audit planning.

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Evaluation of Physical Risk during Necropsy and Morgue Activities as Risk Management Strategy

International Journal of Environmental Research and Public Health ◽

10.3390/ijerph18168266 ◽

2021 ◽

Vol 18 (16) ◽

pp. 8266

Author(s):

Zoe Del Fante ◽

Nicola Di Fazio ◽

Adriano Papale ◽

Paola Tomao ◽

Fabio Del Duca ◽

...

Keyword(s):

Risk Factors ◽

Risk Management ◽

Management Strategies ◽

Risk Management Strategy ◽

Work Related ◽

Activity Measurements ◽

Risk Management Strategies ◽

Physical Risk ◽

Critical Issues ◽

Load Handling

Physical risk assessments allow us to understand work-related critical issues, thus representing a useful tool in risk management strategies. In particular, our study focuses on the identification of already known and emerging physical risks related to necropsy and morgue activities, as well as crime scene investigations. The aim of our study is, therefore, to identify objective elements in order to quantify exposure to such risk factors among healthcare professionals and working personnel. For the research of potentially at-risk activities, data from the Morgue of Policlinico Umberto I Hospital in Rome were used. The scientific literature has been reviewed in order to assess the risks associated with morgue activity. Measurements were performed on previously scheduled days, in collaboration with the activities of different research units. The identified areas of risk were: microclimate; exposure to noise and vibrations; postural and biomechanical aspects of necropsy activities. The obtained results make it possible to detect interindividual variability in exposure to many of the aforementioned risk factors. In particular, the assessment of microclimate did not show significant results. On the contrary, exposure to vibrations and biomechanical aspects of load handling have shown potential risk profiles. For this reason, both profiles have been identified as possible action targets for risk management strategies.

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