scholarly journals MODERN METHODS AND MODELS OF THE RISK MANAGEMENT SYSTEM WITH CONSIDERING TO THE SPECIFICITY OF INDUSTRIAL ENTERPRISES

2021 ◽  
pp. 69-79
Author(s):  
И.Ю. Пищалкина ◽  
С.Б. Сулоева
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Business Community ◽  
Qualitative And Quantitative ◽  
Advantages And Disadvantages ◽  
Industrial Enterprises ◽  
Analysis And Synthesis ◽  
Risk Managers ◽  
Practical Recommendations

Введение. Статья посвящена наиболее эффективным методам и моделям качественной и количественной оценки рисков, применяемых на промышленных предприятиях. Анализируются преимущества и недостатки подходов. Актуальность работы обусловлена активным смещением фокуса бизнес сообщества и менеджмента компаний на вопросы управления рисками. В текущих реалиях риск-менеджерам следует расширить перечень используемых инструментов для обеспечения стабильного развития предприятий с учетом факторов риска. Данные и методы. В статье рассмотрены фундаментальные теоретические положения, изложенные в зарубежных и отечественных источниках. В процессе исследования были применены методы анализа и синтеза данных, системный подход, обобщение и группировка, а также собственный опыт автора. Полученные результаты. Исследованы существующие качественные и количественные подходы, применяемые в целях риск-анализа, и предложена модифицированная классификация этих подходов. Определены критерии выбора методов анализа рисков в рамках цикла управления рисками на промышленном предприятии. Разработаны практические рекомендации по применению инструментов риск-менеджмента с учетом особенностей этапов управления: от идентификации рисков до мониторинга риск-событий и ликвидации последствий. Заключение. Выводы, полученные в результате исследования, могут быть использованы в качестве теоретической основы для проведения риск-сессий на промышленных предприятиях и комплексной оценки рисков. Introduction. The paper is devoted to the most effective methods and models of qualitative and quantitative risk analysis used at industrial enterprises. The advantages and disadvantages of the approaches are analyzed. The relevance of the paper is due to the active shift in the focus of the business community and top-management towards to the risk management aspects. In the current realities, risk managers should expand the applied list of tools to ensure stable development of enterprises, with considering to the risk factors. Data and methods. The article deals with the fundamental theoretical provisions, presented in foreign and domestic scientific sources. In the researching process, we applied the methods of data analysis and synthesis, a systematic approach, generalization and grouping and the author's own experience. Results Obtained. The existing qualitative and quantitative approaches used for the purposes of risk analysis was investigated and a modified classification of these approaches is proposed. We determined the criteria for choosing methods of risk analysis within the risk management cycle at the industrial enterprise. We have worked out practical recommendations for applying the tools of risk management, in accordance to features of management stages: from identification of risks to monitoring risk events and mitigating consequences. Conclusion. The research results can be used as a theoretical basis for leading risk sessions at industrial enterprises and for a comprehensive risk evaluation

scholarly journals Choosing Method for Qualitative and Quantitative Risk Analysis for Energy Enterprises

2021 ◽  
Vol 20 (1) ◽  
pp. 83-90
Author(s):  
E. I. Tymul
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Energy Sector ◽  
Quantitative Risk Analysis ◽  
Qualitative And Quantitative ◽  
Environmental Consequences ◽  
Advantages And Disadvantages ◽  
The Republic ◽  
Active Implementation ◽  
Qualitative Risk Analysis

The reform of the energy sector in the Republic of Belarus, which in the last few years has moved to the stage of active implementation, will bring significant changes in the management of energy enterprises. The introduction of risk management for energy enterprises will become a necessary stage, which is justified by the transition of the energy sector to market relations. In this regard, it is necessary to consider the main issues of risk assessment for energy enterprises. The paper proposes a method for qualitative and quantitative analysis of all the risks that an energy enterprise may face in the process of energy generation. The approaches of various authors to the algorithm of qualitative risk analysis have been considered in the paper. This has made it possible to clarify the main tasks that need to be solved when conducting a qualitative risk analysis. The paper also presents an analysis of methods for quantitative risk analysis. The most commonly used methods include scenario analysis and mathematical statistics, analogy and analytical methods, methods for assessing losses, expert assessments and the theory of statistical games. Each of these methods has its own advantages and disadvantages. The performed analysis of quantitative risks has permitted to substantiate the choice of methods applicable to the energy sector, taking into account the specificity of activity type. The paper has studied various scales for estimating the probability and possible losses from risks. A comparative analysis of these scales is presented and the choice of a scale for energy enterprises is justified in the paper. Attention has been paid to the problem of probability classification pertaining to occurrence of risk events. The methodology for determining the value of possible losses when performing  a risk event has been considered in detail. Potential losses are classified into the following groups: interruptions in the technological process, consequences for people, environmental consequences. Possible financial losses, as well as losses from the position of the law and reputation, have been considered separately. A critical review of risk management methods has been performed in the paper. The paper has identified the most promising methods of risk management for energy enterprises

scholarly journals Research for Risk Management of Construction Projects in Taiwan

2021 ◽  
Vol 13 (4) ◽  
pp. 2034
Author(s):  
Chien-Liang Lin ◽  
Bey-Kun Chen
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Structural Equation ◽  
Construction Projects ◽  
Construction Project ◽  
Equation Modeling ◽  
Analysis Model ◽  
Sustainable Operation ◽  
Management Procedure ◽  
Risk Managers

Risks inevitably exist in all stages of a project. In a construction project, which is highly dynamic and complex, risk factors affect the expected achievement rates of the three main performance goals, namely schedule, cost, and quality. A comprehensive risk management procedure requires three crucial steps: risk confirmation, analysis, and treatment. Risk analysis is the core of risk management. Through structural equation modeling, this study developed a risk analysis model that takes a different perspective and considered the occurrence probability of risk events and the extent to which these events affect a project. The contractor dimension was discovered to exert the strongest influence on an overall project, followed by the subcontractor and design dimensions. This paper proposes a novel construction project risk analysis model, which considers the entire project. The proposed model can be used as a reference for risk managers to make decisions about project risks, so as to achieve the ultimate goal of saving resources and the sustainable operation of the construction project.

CLASSIFICATION OF PRODUCTION RISKS OF AN INDUSTRIAL ENTERPRISE

2021 ◽  
pp. 26-30
Author(s):  
V. F. Bezjazychnyi ◽  
E. V. Kiselev ◽  
V. A. Troshkin
Keyword(s):  
Risk Management ◽  
Management System ◽  
Industrial Enterprise ◽  
Management Systems ◽  
Enterprise Management ◽  
Industrial Enterprises ◽  
Main Production ◽  
Enterprise Management System ◽  
Production Risks

Improvement of modern management systems for industrial enterprises involves the active use of risk management methods that are accompanied by their activities. Issues of production risks and their place in the General enterprise management system are discussed in the article. There is a classification of the main production risks and possible risk management methods applicable in the activities of an industrial enterprise.

Management of risks in the activity of industrial enterprises: essence and classification

2019 ◽  
pp. 66-76
Author(s):  
Dmitry Shchukin
Keyword(s):  
Industrial Enterprise ◽  
Risk Category ◽  
Industrial Enterprises ◽  
Research Risks ◽  
Analysis And Synthesis ◽  
Methods Of Synthesis ◽  
Universal Definition ◽  
State Of Affairs ◽  
Definition Of

The subject of research – risks in the activity of industrial enterprises: essence and classification.The purpose of the article is to study existing approaches to the interpretation of the concept of “risk” and develop its own definition of “risk”, analysis and classification of risks arising in the activities of industrial enterprises, the development of its own classification of the most common and actual risks of an industrial enterprise. Methodology of work – used methods of synthesis, analysis and synthesis (in the study of approaches to the interpretation of the concept of “risk” and the classification of risks of an industrial enterprise), expert methods of evaluation (in determining the most common and actual risks of an industrial enterprise). The results of the work – the proposed their own: the definition of the concept of “risk” and the classification of the most common and actual risks of an industrial enterprise. Conclusions – in modern scientific thought there is no single approach and the only universal definition of the “risk” category. This state of affairs is caused by the complexity of this category, the peculiarities of the research of scholars, in the context of which this category is considered. According to the research, we came to the conclusion that the risk is uncertainty, which causes a potential deviation from the planned goals and expected results.

Initiating and Managing Risk Assessments within a Risk Analysis Framework: FDA/CFSAN'S Practical Approach

2004 ◽  
Vol 67 (9) ◽  
pp. 2058-2062 ◽  
Author(s):  
ROBERT L. BUCHANAN ◽  
SHERRI DENNIS ◽  
MARIANNE MILIOTIS
Keyword(s):  
Risk Assessment ◽  
Decision Making ◽  
Risk Management ◽  
Risk Analysis ◽  
Risk Assessments ◽  
Analysis Framework ◽  
Regulatory Decision ◽  
Managing Risk ◽  
Risk Managers ◽  
The U.S

Management of risk analysis involves the integration and coordination of activities associated with risk assessment, risk management, and risk communication. Risk analysis is used to guide regulatory decision making, including trade decisions at national and international levels. The U.S. Food and Drug Administration Center for Food Safety and Applied Nutrition (CFSAN) formed a working group to evaluate and improve the quality and consistency of major risk assessments conducted by the Center. Drawing on risk analysis experiences, CFSAN developed a practical framework for initiating and managing risk assessments, including addressing issues related to (i) commissioning a risk assessment, (ii) interactions between risk managers and risk assessors, and (iii) peer review.

Review of Various Approaches for Assessing Public Health Risks in Regulatory Decision Making: Choosing the Right Approach for the Problem†

2014 ◽  
Vol 77 (8) ◽  
pp. 1428-1440 ◽  
Author(s):  
KERRY L. DEARFIELD ◽  
KARIN HOELZER ◽  
JANELL R. KAUSE
Keyword(s):  
Public Health ◽  
Risk Assessment ◽  
Risk Management ◽  
Risk Analysis ◽  
Health Risks ◽  
National Research Council ◽  
World Health ◽  
Public Health Risks ◽  
Risk Managers ◽  
Management Issues

Stakeholders in the public health risk analysis community can possess differing opinions about what is meant by “conduct a risk assessment.” In reality, there is no one-size-fits-all risk assessment that can address all public health issues, problems, and regulatory needs. Although several international and national organizations (e.g., Codex Alimentarius Commission, Office International des Epizooties, Food and Agricultural Organization, World Health Organization, National Research Council, and European Food Safety Authority) have addressed this issue, confusion remains. The type and complexity of a risk assessment must reflect the risk management needs to appropriately inform a regulatory or nonregulatory decision, i.e., a risk assessment is ideally “fit for purpose” and directly applicable to risk management issues of concern. Frequently however, there is a lack of understanding by those not completely familiar with risk assessment regarding the specific utility of different approaches for assessing public health risks. This unfamiliarity can unduly hamper the acceptance of risk assessment results by risk managers and may reduce the usefulness of such results for guiding public health policies, practices, and operations. Differences in interpretation of risk assessment terminology further complicate effective communication among risk assessors, risk managers, and stakeholders. This article provides an overview of the types of risk assessments commonly conducted, with examples primarily from the food and agricultural sectors, and a discussion of the utility and limitations of these specific approaches for assessing public health risks. Clarification of the risk management issues and corresponding risk assessment design needs during the formative stages of the risk analysis process is a key step for ensuring that the most appropriate assessment of risk is developed and used to guide risk management decisions.

scholarly journals Alternative approach to analysis of risks affecting the efficiency of implementing the investment project in the conditions of global instability of economic space

2020 ◽  
Vol 74 ◽  
pp. 06009
Author(s):  
Liana M. Chechenova ◽  
Natalia V. Volykhina ◽  
Yuriy V. Egorov
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Investment Project ◽  
Management Decision ◽  
Global Instability ◽  
Random Factor ◽  
Economic Space ◽  
Investment Projects ◽  
Expert Assessments

This article is devoted to the study of improving the use of expert assessments for risk analysis, affecting the effectiveness of the implementation of a comprehensive investment project in the global instability of the economic space. The existing methods of expert assessments and Monte-Carlo simulation methods used to identify and assess the risks of investment projects are described. A systematic analysis of the main risks of investment projects in the context of globalization and risk management methods was carried out. The author’s classification of risks of investment projects using the criteria of economic efficiency has been developed. An approach to risk analysis, affecting the effectiveness of the implementation of complex investment projects based on existing methods using the concept of the “reduced” random factor, is proposed. This approach is used to analyse project implementation risks in the conditions of market instability with the development of recommendations for managing the main project risks. The author’s risk classification of investment projects is important at the stage of analysing risks arising from the study of sales markets, as well as during the management decision-making process, which minimizes the possible adverse impact on an organization, including losses caused by random events. The proposed approach can be applied to the analysis, express-analysis and risk management of long-term complex investment projects in the conditions of global instability of the economic space.

scholarly journals An interactive web-GIS tool for risk analysis: a case study in the Fella River Basin, Italy

2015 ◽  
Vol 3 (6) ◽  
pp. 4007-4057 ◽  
Author(s):  
Z. C. Aye ◽  
M. Jaboyedoff ◽  
M. H. Derron ◽  
C. J. van Westen ◽  
H. Y. Hussin ◽  
...  
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Management Strategies ◽  
Web Gis ◽  
Data Set ◽  
Prototype Development ◽  
Risk Management Strategies ◽  
Study Sites ◽  
Risk Managers

Abstract. This paper presents a prototype of an interactive web-GIS tool for risk analysis of natural hazards, in particular for floods and landslides, based on open-source geospatial software and technologies. The aim of the presented tool is to assist the experts (risk managers) in analysing the impacts and consequences of a certain hazard event in a considered region, providing an essential input to the decision making process in the selection of risk management strategies by responsible authorities and decision makers. This tool is based on the Boundless (OpenGeo Suite) framework and its client side environment for prototype development, and it is one of the main modules of a web-based collaborative decision support platform in risk management. Within this platform, the users can import necessary maps and information to analyse areas at risk. Based on provided information and parameters, loss scenarios (amount of damages and number of fatalities) of a hazard event are generated on-the-fly and visualized interactively within the web-GIS interface of the platform. The annualized risk is calculated based on the combination of resultant loss scenarios with different return periods of the hazard event. The application of this developed prototype is demonstrated using a regional data set from one of the case study sites, Fella River of North Eastern Italy, of the Marie Curie ITN CHANGES project.

scholarly journals Flows in Value Chains

2021 ◽  
Vol 19 (1) ◽  
pp. 110-134
Author(s):  
A. P. Tyapukhin ◽  
M. Yu. Kolovertnova
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Chain Management ◽  
Demand Chain ◽  
Management Concepts ◽  
Analysis And Synthesis ◽  
Binary Matrices ◽  
Flow Map ◽  
Practical Recommendations

Achieving the goals of enterprises and their survival in market conditions is achieved through implementation of supply chain management concepts, values, and demands focused on managing resource flows to create and deliver value to their end users.The subject of the research is relationship between consumers and suppliers as links in the supply chain that form and transform flows of values, demands, products and/or services, as well as novelty in a competitive environment.The objectives of the research are to clarify and supplement the theory and methodology of managing flows of values, demands, products and/ or services, as well as novelties while introducing and implementing management concepts for linearly ordered enterprises or chains.The tasks of the research are to clarify interrelationship of objects, management components, and types of flows; to identify the roles of the consumer and supplier as sources of flows in supply chains; to develop classification of flows considering the objects of the concepts of chain management; to create a form of a flow map regarding flows in supply chains.Research has used the methods of classification, analysis and synthesis, induction, and deduction, and the tools of binary matrices developed based on relevant qualitative characteristics of the objects under the study.The results of the research make it possible to clarify and supplement provisions regarding supply, value and demand chain management based on a systematic approach; to develop practical recommendations to reduce lost profits when managing flows in supply chains; to create prerequisites for more efficient value creation and its supply.

STAKEHOLDERS’ RISK ASSESSMENT OF THE INVESTMENT CONSTRUCTION PROJECT

2018 ◽  
pp. 143-148
Author(s):  
Sergey Kolankov ◽  
Nadezhda Rubtsova
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Construction Projects ◽  
Practical Importance ◽  
Business Development ◽  
Risk Characteristics ◽  
Individual Project ◽  
Iso 31000 ◽  
The Given

Objective: To consider the risks both from the viewpoint of potential losses and implementation of extra opportunities. To analyze the aims of investment construction projects being one of the vital risk characteristics, State Standard R ISO 31000–2010. Risk management. Foundations and management. To state the main principles of risk analysis, as well as to perform the assessment of parties of the given process: proprietors (users for the purpose of one’s own requirements), investors, lessees, developers, professional (trust) managers. Methods: The methods of generalization, comparison and economic analysis were applied. Results: The notion of risks, as well as the concepts of risks, connected with a person’s wish to avoid the loss and acquire additional opportunities, was defined; investment construction projects, as well as the notion of “uncertainty” and the process of risk management were described. The classification of risks, their description by the main stakeholders of the investment construction projects was given. Practical importance: The conclusion was made on the appropriateness of detecting possible sources of business development during risk analysis, as well as running investment construction projects, personalization of risks for individual project stakeholders, expert judgement concept of obtained information feasibility on the extent of risk.

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