The perspectives of risk management in the Greek tourism industry The case of the new services establishment

2021 ◽  
Author(s):  
Maria Zoi Spanaki
Keyword(s):  
Economic Growth ◽  
Risk Management ◽  
Global Economy ◽  
Service Management ◽  
Tourism Industry ◽  
Management Model ◽  
New Perspective ◽  
Innovation Processes

This study aims to highlight the meaning of the risk management sector and the importance of recognizing it as an essential field for the global economy. This study highlights the necessity of a new services risk management model to be established in the Greek tourism industry. Through an analysis of innovation and its impacts on economic growth, the study confirms the importance of accepting new services as a beneficial challenge which will create a new perspective for the tourism industry. Taking into consideration the limited literature sources about the topic, the contribution of this research is reflected on the recommended alteration of risk management model steps to new service management model. The literature gap is proposed to be covered through an analysis of innovation processes and their correlation with the importance of establishing new services and products into Greek tourism.

scholarly journals Influence of Tourism on Economic Development in Asian Countries

2020 ◽  
Vol 5 (2) ◽  
pp. 207-216
Author(s):  
Wen-Chuan FU ◽  
◽  
Chia-Jui PENG ◽  
Tzu-Yi YANG ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Global Economy ◽  
Tourism Industry ◽  
Asian Countries ◽  
Cross Sectional ◽  
Rate Fluctuation ◽  
National Economic ◽  
International Entry ◽  
The Relationship

Although the tourism industry has recorded the lowest pollution, it significantly contributes to the global economy. Therefore, many countries have spent great efforts in promoting their tourism industry to support their entire economic development. This article considers factors related to the relationship between national economic growth and international entry tourism for 11 Asian countries to investigate the existence of the cross-sectional difference between these countries. Results show that exchange rate fluctuation is an alternative factor affecting economic growth risk, and common slope exists between countries. Moreover, international entry tourist headcount and income show differential slope in some countries, implying that these factors affect the economies of different Asian countries differently.

scholarly journals The Contribution of Sustainable Tourism to Economic Growth and Employment in Pakistan

2019 ◽  
Vol 16 (19) ◽  
pp. 3785 ◽  
Author(s):  
Faiza Manzoor ◽  
Longbao Wei ◽  
Muhammad Asif ◽  
Muhammad Zia ul Haq ◽  
Hafiz ur Rehman
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Global Economy ◽  
Tourism Industry ◽  
Policy Implications ◽  
Future Research ◽  
Asian Countries ◽  
Long Run ◽  
Augmented Dickey Fuller ◽  
The Impact

In the global economy, tourism is one of the most noticeable and growing sectors. Thissector plays an important role in boosting a nation’s economy. An increase in tourism flow canbring positive economic outcomes to the nations, especially in gross domestic product (GDP) andemployment opportunities. In South Asian countries, the tourism industry is an engine ofeconomic development and GDP growth. This study investigates the impact of tourism onPakistan’s economic growth and employment. The period under study was from 1990 to 2015. Tocheck whether the variables under study were stationary, augmented Dickey–Fuller andPhillips–Perron unit root tests were applied. A regression technique and Johansen cointegrationapproach were employed for the analysis of data. The key finding of this study shows that there isa positive and significant impact of tourism on Pakistan’s economic growth as well as employmentsector and there is also a long‐run relationship among the variables under study. This studysuggests that legislators should focus on the policies with special emphasis on the promotion oftourism due to its great potential throughout the country. Policy implications of this recent studyand future research suggestions are also mentioned.

Reconsidering the boundaries and applications of Geotourism lessons learnt from tourism at Mount Vesuvius

2010 ◽  
Author(s):  
Jonathan Karkut
Keyword(s):  
Economic Growth ◽  
Risk Management ◽  
Tourism Industry ◽  
The Internet ◽  
Multidisciplinary Teams ◽  
Social Scientists ◽  
Crisis Plans ◽  
Sustainable Tourism Development ◽  
Emergency Managers ◽  
Human Habitation

Active volcanic reagions and a vibrant tourism industry may at first consideration seem to be an unlikely combination. However, even just a cursory search on the Internet brings up a whole range of tours, experiences and accommodation from Hawaii to Iceland, Ethiopia to Japan. The attraction extends beyond the dramatic landscapes of perfect cone shaped peaks, as rich volcanic soils often produce wide arrays of flora and fauna. Equally, the promise of plentiful harvests has long drawn dense human habitation around the world’s volcanoes. Thus further layers of cultural, religious and agricultural patrimony can be seen to draw tourists in to visiting these potentially dangerous sites. As documented across eruptions over the centuries, a very thin line exists between natural drama and disaster. Hence a burgeoning body of research has evolved, from the geological understanding of when and how eruptions occur, to risk management and prevention for the populations living around active volcanoes. More recently multidisciplinary teams have emerged to create bridges between the volcanologists, emergency managers, social scientists and community representatives to ensure effective transferral of information alongside the construction and implementation of robust crisis plans. However, little has been written with respect to how destinations near to active volcanic sites may mitigate often much needed economic growth through sustainable tourism development with the demands required for effective risk management.

Risk Management Model in ITIL

2013 ◽  
pp. 207-214
Author(s):  
Sarah Vilarinho ◽  
Miguel Mira da Silva
Keyword(s):  
Risk Management ◽  
Best Practice ◽  
Service Management ◽  
Management Model ◽  
Business World ◽  
Management Framework ◽  
It Service ◽  
Risk Management Framework ◽  
Future Work ◽  
It Risk

ITIL is considered a framework of Best Practice guidance for IT Service Management, and it is widely used in the business world. In spite of this, ITIL has some gaps in Risk Management specification. This chapter approaches this problem in ITIL and compares IT risk management in ITIL to other IT Governance Frameworks. Despite ITIL stating that risk should be identified, measured, and mitigated, it is not clear on how to proceed (no concrete process is defined on how to deal with risk). To solve this, the authors propose to map the M_o_R risk management framework in ITIL, mapping every M_o_R process in ITIL, therefore adopting a strong risk management in ITIL, based on concrete guidelines, without changing the framework. In this chapter, the authors summarize the necessary guidelines and show a planning for future work.

Peculiarities of Modern Dynamics of the Global Economy

2010 ◽  
pp. 78-92 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Business Cycles ◽  
Global Economy ◽  
Long Waves ◽  
Rapid Expansion ◽  
Business Taxation ◽  
Modern World ◽  
China And India ◽  
World Economic

Rates and factors of modern world economic growth and the consequences of rapid expansion of the economies of China and India are analyzed in the article. Modification of business cycles and long waves of economic development are evaluated. The need of reforming business taxation is demonstrated.

Openness of the Russian economy as a source of economic growth

2016 ◽  
pp. 26-42 ◽  
Author(s):  
P. Kadochnikov ◽  
A. Knobel ◽  
S. Sinelnikov-Murylev
Keyword(s):  
Economic Growth ◽  
Economic Integration ◽  
Global Economy ◽  
Regional Economic Integration ◽  
Policy Recommendations ◽  
Regional Economic ◽  
Russian Economy

The paper considers measures on Russia’s integration into the global economy, aimed at the economic growth resumption. It analyzes conditions and mechanisms due to which the expanding trade and mutual investment with other countries contribute to economic growth in Russia. The paper provides policy recommendations for export support, regional economic integration agenda and the institutions reform.

Compressed Development

2020 ◽  
Author(s):  
D. Hugh Whittaker ◽  
Timothy Sturgeon ◽  
Toshie Okita ◽  
Tianbiao Zhu
Keyword(s):  
Social Development ◽  
Global Economy ◽  
National Development ◽  
Value Chains ◽  
Middle Income ◽  
The United Kingdom ◽  
Development Processes ◽  
Multiple Levels ◽  
New Perspective ◽  
The One

This book highlights the importance of time and timing in economic and social development. ‘Compressed development’ consists of two key features and their interaction: the tendency for development processes to unfold more rapidly (compression) and the institution-shaping influences of major periods of change and growth, especially when countries become integrated into the global economy (era). Using an interdisciplinary conceptual framework of state–market and organization–technology co-evolution, the authors contrast the experiences of ‘early’ and ‘late’ developers such as the United Kingdom and Japan, with countries–most notably China–which have become more deeply integrated with the global economy since the 1990s. Compressed developers experience ‘thin industrialization’, layered types of employment, and ‘double burdens’ or challenges in social development. National development strategies must accommodate global value chains and powerful international actors on the one hand, and decentralization on the other. To cope, and thrive, states must remain developmental, whilst being increasingly engaged and adaptive in multiple levels of governance. Compressed Development explores the historical and contemporary features of economic and social development at the intersection of development studies and studies of globalization. By bringing a new perspective on the ‘middle-income trap’, as well as the emerging digital economy, and the state–market and geopolitical tensions that are currently upending conventional wisdoms, the book offers timely insights that will be useful, not only for students of development, but for policymakers, business, and labour organization seeking to navigate the rushing currents of contemporary capitalism.

Grid Cyber-Physical System Risk Management Model Based on Cooperative Game Theory

2020 ◽  
Vol 21 (1) ◽  
Author(s):  
Cunbin Li ◽  
Ding Liu ◽  
Yi Wang ◽  
Chunyan Liang
Keyword(s):  
Game Theory ◽  
Risk Management ◽  
Cooperative Game ◽  
Physical System ◽  
Cooperative Game Theory ◽  
Power Grid ◽  
Management Model ◽  
Cyber Physical System ◽  
Model Based ◽  
Generation Power

AbstractAdvanced grid technology represented by smart grid and energy internet is the core feature of the next-generation power grid. The next-generation power grid will be a large-scale cyber-physical system (CPS), which will have a higher level of risk management due to its flexibility in sensing and control. This paper explains the methods and results of a study on grid CPS’s behavior after risk. Firstly, a behavior model based on hybrid automata is built to simulate grid CPS’s risk decisions. Then, a GCPS risk transfer model based on cooperative game theory is built. The model allows decisions to ignore complex network structures. On this basis, a modified applicant-proposing algorithm to achieve risk optimum is proposed. The risk management model proposed in this paper can provide references for power generation and transmission decision after risk as well as risk aversion, an empirical study in north China verifies its validity.

scholarly journals Dynamics of Systems with a Discontinuous Hysteresis Operator and Interval Translation Maps

Axioms ◽  
2021 ◽  
Vol 10 (2) ◽  
pp. 80
Author(s):  
Sergey Kryzhevich ◽  
Viktor Avrutin ◽  
Nikita Begun ◽  
Dmitrii Rachinskii ◽  
Khosro Tajbakhsh
Keyword(s):  
Risk Management ◽  
Invariant Measure ◽  
Invariant Measures ◽  
Interval Exchange ◽  
Management Model ◽  
Closing Lemma ◽  
Symbolic Model ◽  
Metric Properties ◽  
Ergodic Measures ◽  
Maximal Invariant

We studied topological and metric properties of the so-called interval translation maps (ITMs). For these maps, we introduced the maximal invariant measure and demonstrated that an ITM, endowed with such a measure, is metrically conjugated to an interval exchange map (IEM). This allowed us to extend some properties of IEMs (e.g., an estimate of the number of ergodic measures and the minimality of the symbolic model) to ITMs. Further, we proved a version of the closing lemma and studied how the invariant measures depend on the parameters of the system. These results were illustrated by a simple example or a risk management model where interval translation maps appear naturally.

scholarly journals Sustainable Tourism, Economic Growth and Employment—The Case of the Wine Routes of Spain

2021 ◽  
Vol 13 (13) ◽  
pp. 7164
Author(s):  
Guillermo Vázquez Vicente ◽  
Victor Martín Barroso ◽  
Francisco José Blanco Jiménez
Keyword(s):  
Economic Growth ◽  
Economic Impact ◽  
Rural Areas ◽  
Local Development ◽  
Tourism Industry ◽  
Wine Tourism ◽  
Development Tool ◽  
The Us ◽  
The Impact ◽  
Positive Effect

Tourism has become a priority in national and regional development policies and is considered a source of economic growth, particularly in rural areas. Nowadays, wine tourism is an important form of tourism and has become a local development tool for rural areas. Regional tourism development studies based on wine tourism have a long history in several countries such as the US and Australia, but are more recent in Europe. Although Spain is a leading country in the tourism industry, with an enormous wine-growing tradition, the literature examining the economic impact of wine tourism in Spanish economy is scarce. In an attempt to fill this gap, the main objective of this paper is to analyze the impact of wine tourism on economic growth and employment in Spain. More specifically, by applying panel data techniques, we study the economic impact of tourism in nine Spanish wine routes in the period from 2008 to 2018. Our results suggest that tourism in these wine routes had a positive effect on economic growth. However, we do not find clear evidence of a positive effect on employment generation.

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