Establishing Boundaries for Risk Taking

2017 ◽  
pp. 191-228
Keyword(s):  
Risk Management ◽  
Risk Taking ◽  
Systematic Risk ◽  
Risk Attitude ◽  
Starting Point ◽  
Wide Range ◽  
Philosophy Of Risk

In this chapter, a model for risk taking tool directed towards and tailored specifically for establishing risk boundaries. The goal of the chapter is to cover the particular threats pertinent to the risk context and provide an interface between the broader philosophy of risk raking frameworks and the risk attitude perception, thus aiding in the successful and secure risk taking. The model incorporates a wide range of factors concerning risk returns and risk responses, assembled into a checklist to ensure properly manageable risks are taken by the parties. It is concluded that this is the starting point for a systematic risk management in PPPs.

scholarly journals Integrales Naturgefahrenmanagement in einem Gebirgskanton | Integral risk management in a mountainous canton

2002 ◽  
Vol 153 (7) ◽  
pp. 263-267
Author(s):  
Thomas Rageth
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Natural Hazards ◽  
Economic Efficiency ◽  
Systematic Risk ◽  
Integral Action ◽  
Starting Point ◽  
Forest Law ◽  
Risk Situation ◽  
New Forest

In recent years various natural hazards have served to shape risk management in the canton of Glarus. At the same time,within the framework of the new Forest Law, a concept had to be developed on how to deal with natural hazards. Starting point and basis for this concept is the constant taking into account of the risk situation, an important element as far as prevention is concerned. Possible damage is estimated using systematic risk assessment. With the development of an integral action concept, which includes both active and passive as well as planning measures, risk can be minimised as far as possible and combined with economic efficiency.

scholarly journals RISK MANAGEMENT IN SMALL AND MEDIUM – SIZED ENTERPRISES: A GENDER-SENSITIVE APPROACH

2015 ◽  
Vol 10 (2) ◽  
pp. 77-87
Author(s):  
Iwona Gorzeń-Mitka
Keyword(s):  
Risk Management ◽  
Risk Taking ◽  
Business Performance ◽  
Focal Point ◽  
Small And Medium Enterprises ◽  
Management Approach ◽  
Top Executives ◽  
Risk Appetite ◽  
Wide Range ◽  
Medium Enterprises

Risk is inherent in all business functions and in every kind of activity. Small and medium-sized enterprises (SMEs) are particularly vulnerable to continuously daily internal and external undesirable events that adversely affect business performance. To deal with many risk determinants effectively, SMEs need a systemic method of approach to risk management. One of the factors of company risk management approach is gender of the owners or top executives. Especially from a managerial perspective, the link between risk-taking and gender has been examined through a wide range of approaches, such as entrepreneurial orientation and leadership related literatures. Some researchers point that male SME owners appear to show a greater risk appetite than female SME owners. The leading question in the undertaken research was to determine whether the gender of the firm's owners or top executives are reflected in the approach to risk management. The focal point of the research is identification of differences in risk taking and risk management in Polish SMEs companies from a gender perspective. Key words: risk management, small and medium enterprises (SMEs), gender differences in risk management.

Discovery of Antibacterial Agents Inhibiting the Energy-Coupling Factor (ECF) Transporters by Structure-Based Virtual Screening

2020 ◽  
Author(s):  
Eleonora Diamanti ◽  
Inda Setyawati ◽  
Spyridon Bousis ◽  
leticia mojas ◽  
lotteke Swier ◽  
...  
Keyword(s):  
Virtual Screening ◽  
Antibacterial Agents ◽  
Antimicrobial Agents ◽  
Energy Coupling ◽  
Coupling Factor ◽  
Design Synthesis ◽  
Screening Design ◽  
Starting Point ◽  
Wide Range ◽  
Vitamin Uptake

Here, we report on the virtual screening, design, synthesis and structure–activity relationships (SARs) of the first class of selective, antibacterial agents against the energy-coupling factor (ECF) transporters. The ECF transporters are a family of transmembrane proteins involved in the uptake of vitamins in a wide range of bacteria. Inhibition of the activity of these proteins could reduce the viability of pathogens that depend on vitamin uptake. Because of their central role in the metabolism of bacteria and their absence in humans, ECF transporters are novel potential antimicrobial targets to tackle infection. The hit compound’s metabolic and plasma stability, the potency (20, MIC Streptococcus pneumoniae = 2 µg/mL), the absence of cytotoxicity and a lack of resistance development under the conditions tested here suggest that this scaffold may represent a promising starting point for the development of novel antimicrobial agents with an unprecedented mechanism of action.<br>

Evaluation of Systematic Risk of Viet Nam Construction MaterialIndustry During the Pre-Low Inflation Period 2012-2014

2020 ◽  
Vol 1 (1) ◽  
pp. 1-6
Author(s):  
Dr. Pham Tuan Anh
Keyword(s):  
Risk Management ◽  
Rapid Growth ◽  
Analytical Methods ◽  
Construction Material ◽  
Systematic Risk ◽  
Market Risk ◽  
Viet Nam ◽  
Research Results

The construction materialindustry is one of the most rapidly growing sectors, with many achievements both in Vietnam and in Asia. In recent years, its rapid growth has produced revenues from business activities. One of the key objectives of thispaper is to assess market risk volatility in construction material businesses in the 2012-2014 pre-low inflation period. Our first findings are to be found that beta values in general (< 1) for most of our constructionmaterialcompanies are appropriate when we apply quantitative, statistical and analytical methods to evaluate the asset beta and beta CAPM of 20 listed Viet Nam construction materialcompanies.However, we analyze the market risk volatility, determined byasset and equitybeta var, during the post-low inflation period in thissector and compare results in two circumstances: risk fluctuation in pre-law inflation time 2012-14is lower than that in post-low inflation period 2015-2017.Finally, if we observe in2 periods, BetaCAPM or equity beta mean goes up in case post-low inflation period. At last, policies in risk management and governance are suggested in the conclusion based on the research results and findings. In the post-low inflation environment, we alert that Beta fluctuations could bea little higher.JEL classification numbers:G00, G390, C83

scholarly journals Consumer Neuroscience Techniques in Advertising Research: A Bibliometric Citation Analysis

2021 ◽  
Vol 13 (3) ◽  
pp. 1589
Author(s):  
Juan Sánchez-Fernández ◽  
Luis-Alberto Casado-Aranda ◽  
Ana-Belén Bastidas-Manzano
Keyword(s):  
Self Report ◽  
Future Research ◽  
Complex Nature ◽  
Clear Understanding ◽  
Continuous Growth ◽  
Main Research ◽  
Consumer Neuroscience ◽  
Starting Point ◽  
Wide Range ◽  
Performance Analysis Tools

The limitations of self-report techniques (i.e., questionnaires or surveys) in measuring consumer response to advertising stimuli have necessitated more objective and accurate tools from the fields of neuroscience and psychology for the study of consumer behavior, resulting in the creation of consumer neuroscience. This recent marketing sub-field stems from a wide range of disciplines and applies multiple types of techniques to diverse advertising subdomains (e.g., advertising constructs, media elements, or prediction strategies). Due to its complex nature and continuous growth, this area of research calls for a clear understanding of its evolution, current scope, and potential domains in the field of advertising. Thus, this current research is among the first to apply a bibliometric approach to clarify the main research streams analyzing advertising persuasion using neuroimaging. Particularly, this paper combines a comprehensive review with performance analysis tools of 203 papers published between 1986 and 2019 in outlets indexed by the ISI Web of Science database. Our findings describe the research tools, journals, and themes that are worth considering in future research. The current study also provides an agenda for future research and therefore constitutes a starting point for advertising academics and professionals intending to use neuroimaging techniques.

scholarly journals Application of the Socio-Ecological System Framework to Forest Fire Risk Management: A Systematic Literature Review

2021 ◽  
Vol 13 (4) ◽  
pp. 2121 ◽  
Author(s):  
Ingrid Vigna ◽  
Angelo Besana ◽  
Elena Comino ◽  
Alessandro Pezzoli
Keyword(s):  
Risk Management ◽  
Community Involvement ◽  
Forest Ecosystems ◽  
Local Community ◽  
Fire Risk ◽  
Future Research ◽  
Specific Reference ◽  
Clear Understanding ◽  
Wildfire Risk ◽  
Starting Point

Although increasing concern about climate change has raised awareness of the fundamental role of forest ecosystems, forests are threatened by human-induced impacts worldwide. Among them, wildfire risk is clearly the result of the interaction between human activities, ecological domains, and climate. However, a clear understanding of these interactions is still needed both at the global and local levels. Numerous studies have proven the validity of the socioecological system (SES) approach in addressing this kind of interdisciplinary issue. Therefore, a systematic review of the existing literature on the application of SES frameworks to forest ecosystems is carried out, with a specific focus on wildfire risk management. The results demonstrate the existence of different methodological approaches that can be grouped into seven main categories, which range from qualitative analysis to quantitative spatially explicit investigations. The strengths and limitations of the approaches are discussed, with a specific reference to the geographical setting of the works. The research suggests the importance of local community involvement and local knowledge consideration in wildfire risk management. This review provides a starting point for future research on forest SES and a supporting tool for the development of a sustainable wildfire risk adaptation and mitigation strategy.

scholarly journals Risk Management in nursing homes: an Italian experience in 2019

2020 ◽  
Vol 30 (Supplement_5) ◽  
Author(s):  
M F Furmenti ◽  
F Bert ◽  
M Rucci ◽  
U Fiandra ◽  
A Scarmozzino ◽  
...  
Keyword(s):  
Risk Management ◽  
Nursing Homes ◽  
Management Practices ◽  
Well Being ◽  
The Elderly ◽  
Management Plan ◽  
Management Policy ◽  
Insurance Company ◽  
Term Care ◽  
Starting Point

Abstract Background The ageing of the European population leads to an increasing demand for Long-Term Care services. The security and well-being of the elderly population hosted in nursing homes (NHs) needs an effective Risk Management policy, officially sanctioned in Italy by the so-called “Legge Gelli” n.24 (March 8th, 2017) and the Directive 2011/24/EU on the application of patients' rights in cross-border healthcare. In order to verify the effective application of common “best practices” in terms of Risk Management in NHs, a tool useful to analyse risk management attitudes in Northern Italy was conceived and applied in a sample of NHs. Methods The tool, developed in collaboration with the health insurance company SHAM Italia, is composed of 124 items (with a dichotomous answer -YES/NO) on topics related to various Risk Management practices. This tool was submitted in a face-to-face interview to several Directors (Health Directors or Nursing Coordinators) of NHs in the Piedmont Region. A list of randomly-chosen NHs was contacted: 4 of them were selected for the pilot study and compiled the questionnaire. Answers were gathered and analyzed through Microsoft Excel. Results Only the 25% of NHs has a Risk Management plan with objectives and indicators of effectiveness and uses Risk Analysis instruments for a pre- and post-” risk detection. Only one has employees working mainly on Risk Management alone. The 75% of the reported events were “Adverse Events”, and all the NHs (100%) have a protocol for a patient voluntary departure or for fall prevention or for bedsores prevention; while 50% have a protocol for prevention of aggressions towards operators or for patients' suicide prevention. Conclusions This work provides a starting point to face new challenges that are looming on the European Health-care Systems: the care for the elderlies needs to be perfected to reduce inefficiencies, cut useless costs and improve safety of patients in the NHs setting. Key messages Despite safety of older patients in nursing homes is not only important but mandatory in Italy, risk management tools for this setting are lacking in literature. A new tool applied in Italian nursing homes showed that risk management needs to be implemented in practice and these results can be extended to European context.

Energy-minimization multiscale based mesoscale modeling and applications in gas-fluidized catalytic reactors

2019 ◽  
Vol 35 (8) ◽  
pp. 879-915 ◽  
Author(s):  
Bona Lu ◽  
Yan Niu ◽  
Feiguo Chen ◽  
Nouman Ahmad ◽  
Wei Wang ◽  
...  
Keyword(s):  
Energy Minimization ◽  
Fluid Model ◽  
Scale Up ◽  
Flow Characteristics ◽  
Chemical Kinetic ◽  
Mesoscale Modeling ◽  
Catalytic Reactors ◽  
Chemical Kinetic Model ◽  
Starting Point ◽  
Wide Range

Abstract Gas-solid fluidization is intrinsically dynamic and manifests mesoscale structures spanning a wide range of length and timescales. When involved with reactions, more complex phenomena emerge and thus pose bigger challenges for modeling. As the mesoscale is critical to understand multiphase reactive flows, which the conventional two-fluid model without mesoscale modeling may be inadequate to resolve even using extremely fine grids, this review attempts to demonstrate that the energy-minimization multiscale (EMMS) model could be a starting point to develop such mesoscale modeling. Then, the EMMS-based mesoscale modeling with emphasis on formulation of drag coefficients for different fluidization regimes, modification of mass transfer coefficient, and other extensions are discussed in an attempt to resolve the emerging challenges. Its applications with examples of development of novel fluid catalytic cracking and methanol-to-olefins processes prove that the mesoscale modeling plays a remarkable role in improving the predictions in hydrodynamic behaviors and overall reaction rate. However, the product content primarily depends on the chemical kinetic model itself, suggesting the necessity of an effective coupling between chemical kinetics and flow characteristics. The mesoscale modeling can be believed to accelerate the traditional experimental-based scale-up process with much lower cost in the future.

scholarly journals Development of Permeability Models for Saturated Fluid Flow across Arrays of Fibre Clusters

2002 ◽  
Vol 11 (3) ◽  
pp. 096369350201100
Author(s):  
E.M. Gravel ◽  
T.D. Papathanasiou
Keyword(s):  
Analytical Models ◽  
Dual Porosity ◽  
Hydraulic Permeability ◽  
Fibrous Media ◽  
Fibre Bundles ◽  
Hexagonal Packing ◽  
Composites Manufacturing ◽  
Starting Point ◽  
Wide Range ◽  
Flow Through

Dual porosity fibrous media are important in a number of applications, ranging from bioreactor design and transport in living systems to composites manufacturing. In the present study we are concerned with the development of predictive models for the hydraulic permeability ( Kp) of various arrays of fibre bundles. For this we carry out extensive computations for viscous flow through arrays of fibre bundles using the Boundary Element Method (BEM) implemented on a multi-processor computer. Up to 350 individual filaments, arranged in square or hexagonal packing within bundles, which are also arranged in square of hexagonal packing, are included in each simulation. These are simple but not trivial models for fibrous preforms used in composites manufacturing – dual porosity systems characterised by different inter- and intra-tow porosities. The way these porosities affect the hydraulic permeability of such media is currently unknown and is elucidated through our simulations. Following numerical solution of the governing equations, ( Kp) is calculated from the computed flowrate through Darcy's law and is expressed as function of the inter- and intra-tow porosities (φ, φt) and of the filament radius ( Rf). Numerical results are also compared to analytical models. The latter form the starting point in the development of a dimensionless correlation for the permeability of such dual porosity media. It is found that the numerically computed permeabilities follow that correlation for a wide range of φ i, φt and Rf.

Does bank governance affect risk and efficiency? Evidence from Islamic banks in GCC countries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Samir Srairi ◽  
Khawla Bourkhis ◽  
Asma Houcine
Keyword(s):  
Risk Management ◽  
Financial Crisis ◽  
Risk Taking ◽  
Audit Committee ◽  
Governance Structure ◽  
Board Structure ◽  
Islamic Banks ◽  
Bank Efficiency ◽  
Content Type ◽  
Gcc Countries

Purpose The motivation of the study is to shed further light on the question of whether the governance structure of Islamic banks (IBs) has an impact on the efficiency and risk of Islamic banks operating in the Gulf Cooperation Council (GCC) after the global financial crisis and during the period 2010–2018. This study aims to examine the extent of governance structure on the efficiency and risk of IBs as the effect of the financial crisis has been less on IBs. In addition, the authors are interested in the GCC region as it represents the hub of Islamic finance. Design/methodology/approach In this study, the authors examine how the banking governance structure affects the risk-taking and performance of IBs in the GCC countries between 2010 and 2018. The authors construct a banking governance index (CGI) composed of sub-indices for the board structure, risk management, transparency and disclosure, audit committee, Sharia supervisory board and investment account holders. Unlike the majority of previous studies, bank performance is measured with technical efficiency scores using a data envelopment analysis and the authors use a comprehensive CGI. Findings The results show that IBs in GCC countries adhere to 54% of the attributes covered in the CGI. The authors also note a lack of disclosure regarding the investment account holders and the audit committee. As well, the results indicate that bank governance is positively associated with risk-taking and bank efficiency. Banking risk is influenced by the Sharia board and risk management while bank efficiency is affected by the characteristics of the board structure and investment account holders. Originality/value To the best of the authors’ knowledge, this is the first study that has developed a comprehensive governance index for IBs in GCC countries that includes a wide range of governance dimensions. The study contributes to the literature on governance in the banking sector by simultaneously examining its impact on the risk-taking and efficiency of IBs and recognizes the dynamic relation between these three variables for IB.

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