scholarly journals Synchronized Agricultural Credit and Diversification Adoption to Catastrophic Risk Manage for Wheat Production in Punjab, Pakistan

Author(s):  
Dilshad Ahmad ◽  
Muhammad Afzal

Abstract Catastrophic risks caused severe affects on agricultural production particularly in developing countries due to consecutive occurrence of unfavorable climate events. Farmers adopt risk management strategies to minimize marketing, production and financial risks in agriculture. The purpose of this study is to investigate the potential association and implementing synchronized agricultural credit and diversification adoption to catastrophic risk manage for wheat production in Punjab, Pakistan. This study used stratified random sampling technique for collecting data of 480 wheat farmers’ respondents from production based categorized six districts of Punjab Pakistan. Multinomial and bivariate probit regression models were used in the study to examine the effects of farm and social feathers, disastrous risks farmers view and their attitude to sources of risk moreover potential relationship in agricultural credit and diversification as risk management strategy. Estimates of the study indicated the association in risk management strategies adoption while adopting single risk management strategy motivates farmers to adopt another strategy at same time. Furthermore, findings also indicated as farmer schooling, age, family return, ownership of land, farm size and farmer risk oppose character were highlighted the most influenced features for adopting various risk management strategies. Policy makers and state based authorities can be assisted by the accumulated information of multinomial and bivariate probit regression models in evaluating plans of risk management and willingness of farmer in accept government supported risk managing strategies in incidence of traditional practices for managing farmhouse risk.

Paradigma ◽  
2020 ◽  
Vol 17 (2) ◽  
pp. 6-20
Author(s):  
Zahrina Wardatul Fawziyah ◽  
Isfandayani

Risk management is an important effort that must be made by Islamic Banking to minimize risk. This research is a qualitative research and the methods used are interviews, documentation, and observation. The research objective was to determine the types of risks in murabahah financing and the strategy of PT. BPRS Artha Madani in overcoming these risks and to find out the analysis of the implementation of risk management strategies carried out by PT. BPRS Artha Madani Head Office Bekasi.Based on the results of the study it is known that the risk management strategy analysis of PT. BPRS Artha Madani using Bank Indonesia Regulation No. 13/23/PBI/2011 and 5 C principles consist of Character, Capacity, Capital, Collateral and Condition of Economy. However, despite implementing the risk management strategy, banks continue to experience risks, namely in the form of: credit risk (in Islamic banks called as financing risk), operational risk and legal risk due to bank internal factors in analyzing and external factors from customers.PT. BPRS Artha Madani in resolving troubled financing with intensive billing, reprimand to customers if they do not fulfill their obligations, make a restructuring by rescheduling, reconditioning and restructuring if the financing can still be normalized. However, if there is no hope and the Customer is not able to, then the solution is guaranteed that can be auctioned through litigation or non-litigation channels.


2017 ◽  
Vol 1 (2) ◽  
pp. 080
Author(s):  
Fuad Hasan ◽  
Dwidjono Hadi Darwanto ◽  
Masyhuri Masyhuri ◽  
Witono Adiyoga

The objectives of this research were to understand farmers’ perception to risk and risk management strategy on shallot farming. The research was conducted in Bantul and Nganjuk Regency. The number of samples taken were 57 farmers in Bantul and 90 farmers in Nganjuk. Analysis used was frequency table that disaggregate based on agroecosystem and cropping pattern. The result showed that according to farmers’ perception, production and price risk were high. Farmer's decision to follow dominant cropping pattern and production system reflected on the ex ante risk management strategies done by the farmers as their own respection. In the interactive risk management strategies, farmers tended to use chemical fertilizers over chemical pesticides. In ex post risk management strategy, in the failure of shallot farming, they kept cultivating shallot that their capital got on cash and input for shallot farming.


2020 ◽  
Author(s):  
Man Dinh Nguyen Huy ◽  
Ngoc Nghiem My ◽  
Hoang Dang Minh ◽  
Trang Nguyen Hoa ◽  
Thao Duong Thi Phuong ◽  
...  

Abstract Background: Laboratory staff is at higher risk of infection owing to the handling and testing of coronavirus disease 2019 (COVID-19) patient samples. Reviewing the existing risk assessment and improving risk management are essential for preventing laboratory acquired infections (LAIs) related to Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2) testing during the COVID-19 epidemic. We present herein the steps taken to prevent LAIs related to SARS-CoV-2 testing in a tertiary care hospital in Vietnam. Methods: A SARS-CoV-2-focused risk assessment exercise was conducted for laboratory processes and workflow. Risk management strategies, including engineering, administrative and operations control procedures, were established. Standard operating procedure (SOP), staff training, COVID-19 symptom reporting, enhanced cleaning and decontamination, and inventory monitoring protocols were implemented. Sample reception and results reported from February 1, 2020 to September 17, 2020 were documented. Results: Based on risk assessment, a risk management strategy for SARS-CoV-2 testing was developed. This strategy includes the use of dedicated facility, instrument, and cold chain units for testing; SOPs; training (testing, decontamination and cleaning staff); the introduction of biosafety level (BSL)2+ laboratory practices; enhanced cleaning protocols for testing; and the assigning of additional staff for testing and safety system implementation. In total, 38,377 (daily mean and range: 166; 3 – 2,377) samples were received, including 301 (0.8%) samples that were rejected. The turnaround time (median ± standard deviation (SD)) was 3.54 ± 2.97 days. Altogether, 32 staff members were involved with SARS-CoV-2 testing and biosafety management, and there were no reports of COVID-19 symptoms among them. Conclusion: For epidemics and outbreak diagnostics, risk assessment and risk management strategies are important for the prevention of LAIs. Clear instruction on revised risk management protocols, necessary training, and leadership in risk management strategy implementation are essential.


2017 ◽  
Vol 1 (1) ◽  
pp. 85
Author(s):  
Samson Ondiek ◽  
Dr Stephen Muathe

Purpose: This study sought to establish the risk management strategies and performance of small agribusiness firms in Kiambu County.Methodology: The study employed descriptive research design. The population of the study was 11,120 small agribusinesses businesses (SME) in Kiambu County. The selection was done in random manner ensuring that all types of firms are considered. This was achieved through stratified random sampling. Data of the list of firms and type was obtained from the County office in-charge of industrialization. The study used both primary data. Primary data was gathered by use of closed ended questionnaires, which was self-administered. A multiple linear regression model was used to test the significance of the influence of the independent variables on the dependent variable. Data was analyzed mainly by use of descriptive and inferential statistics. SPSS was used to produce the descriptive and inferential statistics. Descriptive statistics included mean, and standard deviation. Inferential statistical techniques included correlation and regression analysis.Results: The study findings indicated that financial risk management strategy, operational risk management strategy, human resource risk management strategy, regulatory risk management strategy and disaster risk management strategy affected organizational performance. The study indicated that keeping previous record enables to forecast future risks, financial distress affects performance, keeping informed of various risks reduces the risk of poor performance and that having contingent measures to reduce financial risks improves the organizational performance.Unique contribution to theory, practice and policy: The study recommends that it is important for a company to reduce the volatility of earnings or cash flows due to financial risk exposure as the reduction enables the firm to perform better forecasts.


2019 ◽  
Vol 10 (2) ◽  
pp. 81-101
Author(s):  
Zahrina Wardatul Fawziyah ◽  
Isfandayani -

Risk management is an important effort that must be made by Islamic Banking to minimize risk.This research is a qualitative research and the methods used are interviews, documentation, andobservation. The research objective was to determine the types of risks in murabahah financing andthe strategy of PT. BPRS Artha Madani in overcoming these risks and to find out the analysis of theimplementation of risk management strategies carried out by PT. BPRS Artha Madani Head OfficeBekasi.Based on the results of the study it is known that the risk management strategy analysis of PT.BPRS Artha Madani using Bank Indonesia Regulation No. 13/23/PBI/2011 and 5 C principles consistof Character, Capacity, Capital, Collateral and Condition of Economy. However, despite implementingthe risk management strategy, banks continue to experience risks, namely in the form of: credit risk(in Islamic banks called as financing risk), operational risk and legal risk due to bank internal factorsin analyzing and external factors from customers.. PT. BPRS Artha Madani in resolving troubledfinancing with intensive billing, reprimand to customers if they do not fulfill their obligations, make arestructuring by rescheduling, reconditioning and restructuring if the financing can still be normalized.However, if there is no hope and the Customer is not able to, then the solution is guaranteed that canbe auctioned through litigation or non-litigation channels.


2021 ◽  
Author(s):  
Natasha Knack ◽  
Julie Blais ◽  
J. Paul Fedoroff

Community-based risk management strategies for people convicted of sexual offences (PCSO) can hinder successful reintegration, which plays an important role in reducing sexual recidivism. Section 161 of the Criminal Code is a Canadian risk management strategy, which aims to protect children by prohibiting people convicted of sexual offences against children (PCSO-C) from engaging in behaviours assumed (sometimes erroneously) to be associated with sexual offending. This study was the first to evaluate Section 161 prohibition orders, and explored inconsistencies in the interpretation and enforcement of these conditions between PCSO-C subject to Section 161 and two non-forensic subsamples of the Canadian public – community members and undergraduate students. Non-forensic participants expressed more negative attitudes toward the treatment of PCSO, which were found to mediate the relationship between group membership and subjective legal decision-making. Degree of support for Section 161 conditions did not appear to moderate this effect. Results raise concerns about the potential for increased personal discretion when enforcing or adhering to ambiguous or overly broad legal conditions. We suggest the need for continued efforts to establish an empirical understanding of the application, efficacy, and potential collateral consequences associated with this Canadian risk management strategy.


2021 ◽  
Vol 13 (6) ◽  
pp. 148
Author(s):  
Traian Mihai Popescu ◽  
Alina Madalina Popescu ◽  
Gabriela Prostean

Nowadays, Internet of Things (IoT) adoptions are burgeoning and deemed the lynchpin towards achieving ubiquitous connectivity. In this context, defining and leveraging robust IoT security risk management strategies are paramount for secure IoT adoptions. Thus, this study aims to support IoT adopters from any sector to formulate or reframe their IoT security risk management strategies to achieve robust strategies that effectively address IoT security issues. In a nutshell, this article relies on a mixed methods research methodology and proposes a reference model for IoT security risk management strategy. The proposed IoT security risk management strategy reference model (IoTSRM2) relies on the 25 selected IoT security best practices which are outlined using a proposed taxonomic hierarchy, and on the proposed three-phased methodology that consists of nine steps and outputs. The main contribution of this work is the proposed IoTSRM2 which consists of six domains, 16 objectives, and 30 prioritized controls. Furthermore, prior to providing the related work, this article provides a critical evaluation of selected informative references of IoTSRM2 based on their percentage-wise linkage to the IoTSRM2 domains and to the entire IoTSRM2. The findings of the critical evaluation illustrate, inter alia, the selected informative references that are the top three most and least linked to the entire IoTSRM2.


Author(s):  
Zoe Del Fante ◽  
Nicola Di Fazio ◽  
Adriano Papale ◽  
Paola Tomao ◽  
Fabio Del Duca ◽  
...  

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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