scholarly journals A Bibliometric Analysis of Sustainability and Risk Management

2021 ◽  
Vol 13 (6) ◽  
pp. 3277 ◽  
Author(s):  
Haitham Nobanee ◽  
Fatima Youssef Al Hamadi ◽  
Fatma Ali Abdulaziz ◽  
Lina Subhi Abukarsh ◽  
Aysha Falah Alqahtani ◽  
...  

Sustainability practices in a working environment represent superior quality performances, while risks remain to be a challenge. Our study’s primary purpose is to deploy the bibliometric method to analyze the related literature. Bibliometric parameters analyzed using the VOSviewer software were employed to identify citations relevant to sustainability and risk contexts’ critical themes. From 1990–2020, a reflection of 1233 documents appeared in Scopus on sustainability practices and risk management. We searched the current papers, authors, institutes, and keywords on VOSviewer. The bibliometric search provided us an understanding, which reflected that the collected works on literature of sustainability and risk factors, in general, is suggestively increasing. Mainly, in our report, we highlighted six major streams, related to topics such as the moral responsibilities and sustainability development, blockchain technology and minimization of risks, social sustainability and supply chain, environmental impacts, safety engineering and risk identification, and optimization and sustainability practices. The primary purpose of using streams was to cite the key authors and their contributions to the related literature. This bibliometric analysis was developed to obtain further understanding regarding the importance of sustainability to the individual, firms, and the entire economy. Moreover, the factors associated with risk also sought to be examined to prevent or at least minimize its negative impact. It was identified in this paper that sustainability remains an issue in the global perspective that has been challenging the individual and/or the organization’s point of views. Risk factors were also identified as inevitable; hence, everyone must be socially responsible to minimize the negative impact on the economy.

2002 ◽  
Vol 21 (2) ◽  
pp. 39-56 ◽  
Author(s):  
Jean C. Bedard ◽  
Lynford E. Graham

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.


2019 ◽  
Vol 16 (5) ◽  
pp. 10-21
Author(s):  
V. G. Zakrzewski ◽  
O. G. Charykova ◽  
Yu. Yu. Golubyatnikova

The article deals with risk management systems at enterprises of the agrarian sector, which represents an organization of economic activity, the purpose of which is to minimize losses and find sources of income. The research organization of the risk management system in the enterprises of agrarian sphere great attention should be paid to the integration of their specific activities. The process of risk management in enterprises consists of the following phases: definition of objectives and parameters for solving the problem of risk; identification of external and internal risk factors; identification of risk factors, risk identification; risk analysis; risk assessment; development and implementation of risk management measures; synthesis of the results of measures taken and preparing proposals. In addition, the risk management system is submitted to us through the introduction of a passport of risk, to enable the formulation and adjustment of economic activity at any stage of its implementation. Under the risk passport of the economic risk refers to a collection of information about risk, risk criteria, as well as guidance on the application of the necessary methods to manage or mitigate the risks. As well as the information in the article was considered in the context of a risk management system. 


2021 ◽  
Vol 120 ◽  
pp. 02013
Author(s):  
Petya Biolcheva

In recent years, there has been increasing talk of the rapid entry of artificial intelligence into risk management. All the benefits it would bring over the whole process are often commented on: real-time results, processing large amounts of data, more complete risk identification, more accurate risk assessment, etc. There are also negative moods that make various experts feel threatened by their need to be replaced by artificial intelligence. Another problematic issue that arises is related to the transparency of algorithms and the increase in cyber risks [6]. This material aims to identify the individual elements at the stages of risk management in which artificial intelligence (AI) can and should be applied alone, in combination with expert opinion or not. Here it is shown that because of the use of AI the efficiency of the whole process is significantly increased, first of all by conducting in-depth analyses, and the decisions are made by the risk management experts. This proves its usefulness and increases the confidence of experts in it.


Author(s):  
Kannadasan Nagalingam ◽  
Herman Shah Anuar

This article investigated the comprehensive risk management model practised at SWIFT Integrated Logistics chemical storage operations. The objective is to systematically illustrate the risk factors by identifying risks and mitigating them from the flow of the operation. By reducing or containing the risk factors, we are able to provide a conducive, safe, secure working environment with initiatives toward zero-incident reporting cases. A qualitative research method was applied in this study. Respondents selected for this study were at the managerial level at SWIFT Integrated Logistics with experience working in warehouse operations for more than five years. SWIFT Integrated Logistics management wanted to diversify its warehouse customer's portfolio and accepted new business opportunities in chemicals warehouse storage. The move contributed greatly to the business strategy and finance, but they faced serious risk management issues, which resulted in six (6) incidents and raised the level of anxiety and concern among the warehouse team on health & safety issues. Future studies may look into additional strategies to implement a better warehouse risk management model or plan for a chemical warehouse. This study suggested that regular or continuous training should be provided to the staff. Basic first aid kit training is an example of the mandatory training that should be part of the job standard operating procedure. This paper contributes to the limited existing study on chemical warehouse operations. Experience and measures taken by SWIFT management may provide some ideas to improve the management of chemical warehouse for other warehouse operators. Although chemical warehouse operation safety is important, there is scarce academic research that explores this issue.


2020 ◽  
pp. 66-83
Author(s):  
Ilona Skačkauskienė ◽  
Rasa Pališkienė

The main purpose of this article is to examine the relationship between the stress and labour productivity. It is recognized that high stress levels make a negative impact on the job productivity results – the incidents or errors occur because of stressful situations in the working environment. After performing the analysis of stress models, it can be stated, that stress could be assessed as a process, i.e. researches are oriented more on the person, or as the situation, i.e. researches are oriented on the causes of stress in the working environment. The metaanalysis of stress factors allow us to identificate the main causes of stress at work, whose at least partial elimination is essential for every organization to increase the productivity of employee. Analysis of the content of factors that cause stress showed that these factors can be classified into the individual and situational. The labour productivity of employees can be seen as a result of stress management, and interface among stress and job productivity are modelling.


Buildings ◽  
2021 ◽  
Vol 11 (4) ◽  
pp. 172
Author(s):  
Debalina Banerjee Chattapadhyay ◽  
Jagadeesh Putta ◽  
Rama Mohan Rao P

Risk identification and management are the two most important parts of construction project management. Better risk management can help in determining the future consequences, but identifying possible risk factors has a direct and indirect impact on the risk management process. In this paper, a risk prediction system based on a cross analytical-machine learning model was developed for construction megaprojects. A total of 63 risk factors pertaining to the cost, time, quality, and scope of the megaproject and primary data were collected from industry experts on a five-point Likert scale. The obtained sample was further processed statistically to generate a significantly large set of features to perform K-means clustering based on high-risk factor and allied sub-risk component identification. Descriptive analysis, followed by the synthetic minority over-sampling technique (SMOTE) and the Wilcoxon rank-sum test was performed to retain the most significant features pertaining to cost, time, quality, and scope. Eventually, unlike classical K-means clustering, a genetic-algorithm-based K-means clustering algorithm (GA–K-means) was applied with dual-objective functions to segment high-risk factors and allied sub-risk components. The proposed model identified different high-risk factors and sub-risk factors, which cumulatively can impact overall performance. Thus, identifying these high-risk factors and corresponding sub-risk components can help stakeholders in achieving project success.


2020 ◽  
Vol 21 (3) ◽  
pp. 115-132
Author(s):  
Jarosław Rokicki

Risk management is an integral part of the management control processes, which is primarily the responsibility of the Manager of local government units. Conscious and structured risk management allows the manager to limit events that may have a negative impact on the implementation of tasks. This is why it is so important to organize a risk management process that ensures the achievement of objectives and tasks. The theoretical settlement made in part one of the article allowed the author, on the basis of internal regulations in the selected Dąbrowa Górnicza commune, to synthetically describe the risk management process and to present the measures and indicators that illustrate the process. Against this background, a formalized risk management process in a commune where a lot of space has been devoted to the risk management process adopted is shown. The responsibilities of the individual employees of the organizations involved in the risk management process have been clearly identified.


2017 ◽  
Vol 14 (6) ◽  
pp. 550-555 ◽  
Author(s):  
Mourad Salim Aouati ◽  
Rachid Chaib ◽  
Irina Cozminca ◽  
Ion Verzea

Purpose Today, methods and risk analysis tools are used to argue decisions concerning issuance of operating licenses, risk management and development of action and emergency plans. In practice, a company is looking for a tool to help in decision-making and in the development of action plans. Thus, the creation of a safe working environment is essential to a company’s success and is one of the best ways to attract/retain staff and increase productivity. It should then set up a kind of funnel sieve that allows understanding all risks to keep only the most significant, which should be given priority. Thus, global risk management should be based on an accurate diagnosis of all company risks. This diagnosis can be formalized in the form of a risk map. The latter is crucial because it raises the overall risk identification, assessment, prioritization and prioritization of action. It is an essential component of any company’s risk management processes. The objective is to have an overall inventory (entity, system, process, activity, etc.) of the vulnerabilities of all fields of activity. It offers a simple and didactic presentation, giving an overview to decision-makers to guide their strategic choices of action. This mapping is then used to monitor the effectiveness of strategies implemented, forming, in a very relevant tool for communication, the objective assessment of this work. So, the purpose of this study is to describe a methodology for comprehensive risk analysis, called risk map. The purpose of this work is to provide a decision support tool to identify areas of weaknesses to allow setting priorities for action to be undertaken by the company to improve the working conditions by organizational, technical and human solutions while engaging in a process of continuous improvement. Design/methodology/approach The proposed approach for the development of a risk map comprises five stages: risk identification, where the starting point is the identification of the main company processes or, alternatively, the main company activities; exhibition evaluation, the company counts then evaluate the most important risks that affect their processes or activities and persons; evaluation and prioritization of risks; action plan, the company implements the action plan developed on the basis of the prioritization of risks and the company identifies the solutions implemented to reduce the risk and evaluates; and actions control. Findings This study allows making an image of overall places with vulnerabilities inside the company by a simple and didactic representation, facilitating the promotion of a culture of communication regarding the company vulnerabilities. The development of this risk mapping allowed the development of a very useful tool of communication on the inventory for formulating a risk appetite and determining the risk profile. It is a tool for decision and action whose purpose is the improvement of working conditions by organizational solutions, technical and human resources for the health and safety of employees while engaging in a process of continuous improvement. Research limitations/implications The limitations of this study include the lack of competence in risk concepts. It is enough to have a pludisciplinary team to highlight the various dangers and move to the priorities and engage in a process of continuous improvement. Practical implications The approach detailed in this study can be used in any entity. One just needs to have skills. Social implications Low level of work accidents, a pleasant working environment, a very good motivation, a good productivity at work. Originality/value This work intends to reflect the concrete situation in which companies face the risks. It is interested in the relations between scientific expertise and the precautionary principle. It is a tool that guarantees the success of any preventive approach in a company. It is a decision-making tool for identifying areas of weakness to establish priorities for action by a company whose aim is to improve the working conditions through organizational, technical and human resources while engaging in a process of continuous improvement.


2021 ◽  
Author(s):  
Xue Li ◽  
Heng Liu ◽  
Haiyan Qiu ◽  
Lingru Wang ◽  
Junling Liu ◽  
...  

Abstract Objectives: To determine the relationship between stratified assessment and warning (SAW) regimen for risk factors to iodinated contrast media (ICM) and adverse drug reactions (ADR) occurrence.Methods: This retrospective study included patients who underwent enhanced CT examinations in our hospital between January 2014 and March 2016 (conventional assessment group) and between April 2017 and December 2019 (SAW group). Initial risk assessment was performed by clinicians when ordering examinations in both periods. The risk re-assessment was performed by simple question-and-answer onsite just before examination in the conventional assessment period, according to the risk factors that deserve special attention in ICM guidelines. In the SAW period, the re-assessment process prior to examination was moved forward as early as possible post-appointment, and a whole-process comprehensive management integrating risk identification, stratification, early warning and prevention was performed according different risk levels. Chi-square test was performed for comparisons of rates.Results: A total of 120822 cases in the conventional assessment group and 150343 cases in the SAW group were enrolled. The total ADR incidence in the SAW period (414/150343, 0.275%) was lower than that in the conventional assessment period (506/120822, 0.419%, P<0.001), in which the proportion of patients who developed ADR decreased by about 34%. It mainly presented as decrease in mild/moderate reactions (P<0.001) and increase in the proportion of mild ADR patients (P=0.001) in the SAW period. Subgroup analysis showed lower mild/moderate ADR incidence in patients with different risk levels and with different ICM injection parameters (P<0.05) following SAW regimen.Conclusions: SAW regimen was associated with lower mild/moderate ADR incidence and alleviated ADR severity in at-risk patients, which held potential for improved risk management and ICM safety.


Author(s):  
Р. Качалов ◽  
R. Kachalov

<p>The research features the problem of social and economic characteristics of improvement of single-industry cities, or monotowns. Its proposed solution is based on the strategy of their transformation into territories of the advancing social and economic development. It is shown that successful achievement of this strategy requires revealing risk factors of a deviation from the strategy goal and assessing the degree of their negative impact on the process of achievement of the strategic indicators. The methodical aspect can be provided by the operational theory of risk management. Applied methods of the operational theory of risk management together with methods of the systematic economic theory and theory of indistinct sets allow one to increase the chances of successful achievement of a strategic goal and to increase quality of management of formation process (on the basis of monotowns) and to improve the conditions of the advancing social and economic development. The author recommends some methods of identification of risk factors connected with a failure to achieve the strategic goal as well as some methods of development of anti-risk administrative influences.</p>


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