Research and Application of Coal Mine Enterprise Risk Information Database

2014 ◽  
Vol 696 ◽  
pp. 301-306
Author(s):  
Quan Chen ◽  
Li Meng Jia
Keyword(s):  
Risk Management ◽  
Coal Mine ◽  
Safety Management ◽  
Risk Identification ◽  
Risk Information ◽  
Coal Industry ◽  
Healthy Development ◽  
Enterprise Risk ◽  
And Control ◽  
Information Database

Enterprise safety management is centralized through scientific means, enhancing efficiency of safety management, which is an inevitable trend of safe production. Taking GT coal mine as an example, we propose identifying possible risk factors during the production process by systematic risk identification and establishing the risk information database. We should use risk information database to build a safety risk information system and produce a variety of risk management and control tools according to the actual needs of the company. We can realize dynamic management, standardize enterprise risk management and reduce accidents through continuous improving and upgrading the risk information database, which can finally achieve the healthy development of coal industry.

scholarly journals Risk management practices and financial performance nexus: Evidence from MSMEs in Osun State, Nigeria

2021 ◽  
Vol 8 (1) ◽  
pp. 44-55
Author(s):  
Olugbenga Ayo Ojubanire ◽  
Solomon Dawodu
Keyword(s):  
Risk Management ◽  
Financial Performance ◽  
Management Practices ◽  
Risk Identification ◽  
Enterprise Risk Management ◽  
Primary Data ◽  
Medium Scale ◽  
Firm Financial Performance ◽  
Enterprise Risk ◽  
And Control

This study assessed the effect of enterprise risk management on the firm financial performance of Micro, Small and Medium-scale Enterprises in Osun state Nigeria. Precisely, the risk encountered, the adoption of risk management practices, the implementation of Enterprise Risk Management (ERM) practices, and the financial performance of micro, small and medium scale enterprises in Osun state Nigeria. Primary data was used for this study; a well-structured questionnaire was used to elicit data from 273 respondents. The study population consists of owners and managers of small and medium businesses in Osun state, Nigeria. Data were analyzed using descriptive analysis and was the inferential statistic used to test the hypotheses. The results showed that market (33.7%), strategic (57%), financial (46.9%), operational (34.2%), management (47.6%), and technological (45.4%) are risks prevalent to micro and small businesses, but most of the respondents disagreed that the relationship of their staff to the customer is poor. Risk acceptance with a mean score of (2.27 ± 1.21) is the most utilized risk management practice adopted by the MSMEs. The implementation of ERM practices shows that MSMEs more utilized setting of objectives (43.6%), risk identification (38.3%), risk assessment (36.2%), and control activities (31.2%) and the financial performance of the businesses was moderate (69.7%). The correlation analysis shows no significant relationship between the scale of business and the adoption of risk management practices. Also, the regression analysis shows that Risk identification (β = 0.388, p ≤0.01) and Control activities (β = 1.096, p ≤0.01) are the only ERM variables that significantly affect financial performance. The study concluded that the implementation of enterprise risk management practices has a significant effect on the financial performance of Micro, Small and Medium enterprises in Osun State, Nigeria.

scholarly journals How Can Enterprise Risk Management Help in Evaluating the Operational Risks for a Telecommunications Company?

2021 ◽  
Vol 14 (3) ◽  
pp. 139
Author(s):  
José Ruiz-Canela López
Keyword(s):  
Risk Management ◽  
Banking Sector ◽  
Operational Risk ◽  
Field Work ◽  
Risk Identification ◽  
Enterprise Risk Management ◽  
Management Tool ◽  
Self Assessment ◽  
Operational Risks ◽  
Enterprise Risk

Operational risk is defined as the potential losses resulting from events caused by inadequate or failed processes, people, equipment, and systems or from external events. One of the most important challenges for the management of the company is to improve its results through its operational risk identification and evaluation. Most of Enterprise Risk Management (ERM) scholarship has roots in the finance/risk management and insurance (RMI) discipline, mainly in the banking sector. This study proposes an innovative operational risk assessment methodology (OpRAM), to evaluate operational risks focused on telecommunications companies (TELCOs), on the basis of an operational risk self-assessment (OpRSA) process and method. The OpRSA process evaluates operational risks through a quantitative analysis of estimates which inputs are the economic impact and the probability of occurrence of events. The OpRSA method is the “engine” for calculating the economic risk impact, applying actuarial techniques, which allow estimation of unexpected losses and expected losses distributions in a TELCO. The results of the analyzed business unit in the field work were compared with standardized ratings (acceptable, manageable, critical, or catastrophic), and contrasted against the company’s managers, proving that the OpRSA framework is a reliable and useful management tool for the business, and leading to more research in other sectors where operational risk management is key for the company success.

Analysis on Domestic Factoring Risk Identification Based on Bussiness Processing Technology

2013 ◽  
Vol 739 ◽  
pp. 673-677
Author(s):  
Guo Ping Cheng ◽  
Di Tang ◽  
Bei Bei Liu
Keyword(s):  
Risk Management ◽  
Control System ◽  
Business Process ◽  
Risk Evaluation ◽  
Risk Identification ◽  
Identification Methods ◽  
Basic Model ◽  
Risk Management System ◽  
New Ideas ◽  
And Control

Based on the study of basic risk identification method, this paper analyzes domestic factoring risk identification methods and puts forward the basic model based on business process of domestic factoring risk identification, then provides the new ideas for risk identification, the paper lays the foundation to domestic factoring risk evaluation and control system, so it is good to construct a complete, standard domestic factoring risk management system.

Management accounting systems, enterprise risk management and organizational performance in financial institutions

2014 ◽  
Vol 22 (2) ◽  
pp. 128-144 ◽  
Author(s):  
Siti Zaleha Abdul Rasid ◽  
Che Ruhana Isa ◽  
Wan Khairuzzaman Wan Ismail
Keyword(s):  
Risk Management ◽  
Organizational Performance ◽  
Financial Institutions ◽  
Management Accounting ◽  
Enterprise Risk Management ◽  
Accounting Systems ◽  
Content Type ◽  
Management Accounting Systems ◽  
Enterprise Risk ◽  
And Control

Purpose – The purpose of this paper is to examine the linkages between management accounting systems (MAS), enterprise risk management (ERM) and organizational performance by examining MAS information characteristics that match ERM implementation and joint effects of MAS and ERM on organizational performance. Design/methodology/approach – The research method involved administering a questionnaire to 106 financial institutions (FIs) in Malaysia. The respondents were chief financial officers or staff members holding the most senior positions in the finance department of the institutions. Findings – The significant findings on the association between ERM and MAS show that implementation of ERM requires the use of sophisticated MAS information. ERM and MAS complement each other as both are integral to decision making, planning and control in an organization. The finding also substantiates the important role of ERM in enhancing non-financial performance. Research limitations/implications – This study covered only MAS as part of sub-control systems in an organization. Future studies could investigate the link between a more comprehensive management accounting and control system and ERM. Furthermore, this study used perceptual measures of MAS, ERM and organizational performance. Practical implications – The regulating body should promote best management practices of sophisticated MAS and ERM among FIs as these practices will create competitive advantage as well as help those institutions comply with regulations. Originality/value – This study has contributed to the body of knowledge on the linkages between MAS, risk management system and organizational performance.

Design of Multi-Protocol Converter under Coal Mine Based S3C2440

2014 ◽  
Vol 539 ◽  
pp. 563-566
Author(s):  
Ye Hui Liu
Keyword(s):  
Monitoring System ◽  
Coal Mine ◽  
Safety Management ◽  
Production Equipment ◽  
Coal Industry ◽  
Production Costs ◽  
Centralized Control ◽  
Control Center ◽  
Mine Production ◽  
Job Site

In recent years, China's coal industry accidents occur frequently, seriously affect the development of the coal industry, for the job site in the coal mine monitoring system installed several monitoring of coal mine production equipment to ensure safety and reliable operation of equipment. However, a plurality of building monitoring system meets some problems, such as reducing the waste of resources and production costs, and improve the level of safety management, the use of embedded technology designed S3c2440 based multi-protocol converter, prompting the original coal use different protocols and applications compatible with a variety of monitoring systems, monitoring of information data seamless transfer and access into the Ethernet switch, the status of the mine production equipment is transferred to the centralized control center for centralized management. This paper will be based on coal mine multi-protocol converter design S3c2440 detailed analysis and research.

scholarly journals UPRAVLJANJE RIZICIMA I INTERNA REVIZIJA

2021 ◽  
Vol 9 (1) ◽  
pp. 48-57
Author(s):  
Zorica Jović
Keyword(s):  
Risk Management ◽  
Internal Audit ◽  
Basic Element ◽  
Security Measures ◽  
Management Framework ◽  
Internal Auditors ◽  
Consulting Services ◽  
Risk Management Framework ◽  
Enterprise Risk ◽  
And Control

People undertake risk management activities to identify, assess, manage, and control all types of events or situations. This can range from a single project or narrowly defined types of risk, for example, market risk, to the threats and opportunities faced by the organization. Organizations are under pressure to identify all business risks they face - social, ethical, and environmental risks as well as financial and operational - and to explain that they are being managed at an acceptable level. Risk management is a basic element of corporate governance. Management is responsible for establishing and operating the risk management framework on behalf of the board. A company's risk management brings many benefits that result from its structured, consistent, and coordinated approach. The key role of internal auditors concerning enterprise risk management should be to assure the effectiveness of risk management to management. When an internal audit extends its activities beyond this key role, it should apply certain security measures, including treating engagements as consulting services and applying all relevant standards. In this way, an internal audit will protect its independence and the objectivity of its assurance services

Study on Active Safety Training Methods in Coal Industry

2013 ◽  
Vol 726-731 ◽  
pp. 921-925
Author(s):  
Hong Yi Liu ◽  
Hai He Guan ◽  
Zhi Yan Zhao
Keyword(s):  
Coal Mine ◽  
Safety Management ◽  
Skills Training ◽  
Difficult Problem ◽  
Safety Training ◽  
Coal Industry ◽  
Mine Safety ◽  
Training Methods ◽  
System Method ◽  
Main Factor

In the process of coal production in China, people's unsafe behaviour is the main factor in the system safety. Therefore, the key work in the safety management of coal mine enterprises is reducing or eliminating the unsafe behaviour of people. To solve the injury problems of coal mine enterprises and achieve intrinsic safety, we must carry out effective safety training and management so that employees can transform from the "want me to safety" to "I want safety", make safety management active in coal mine production and achieve fundamental safe production. How to train the ability of "independent safety" should be said that a new direction, the traditional way often emphasis on instilling knowledge and skills training. To stimulate employees' awareness of "I want safety" is still a difficult problem which has no system method and theory yet. This paper aims to study these questions and try to provide some new methods and ideas to improve coal mine safety training.

scholarly journals Implementation of a sustainable enterprise risk management framework: The Administrator on Duty model

2016 ◽  
Vol 5 (2) ◽  
pp. 80
Author(s):  
Linda L Vila ◽  
Vito Buccellato
Keyword(s):  
Health Care ◽  
Risk Management ◽  
Organizational Performance ◽  
Health Care Organization ◽  
Well Being ◽  
Safety Net ◽  
Risk Identification ◽  
Enterprise Risk Management ◽  
Care Organization ◽  
Enterprise Risk

Background: Today’s health care landscape requires a new standard of service delivery aimed at quality outcomes, cost-effective provisions of coordinated treatment, and access to equitable care. This standard has brought emerging risks that pose threats to the operational and financial well-being of health care organizations, especially safety net hospitals. The establishment of enterprise risk management (ERM) programs guided by the efforts of efficacious health care managers will promote deeper risk analysis, engagement of the entire health care organization, and structured, coordinated and cohesive mitigation responses to risk exposures.Objective: To establish and implement an ERM program using the Administrator on Duty (AOD) model that will promote a patient-centric paradigm of care while optimizing organizational performance and mitigating risk and exposure.Results: The AOD model significantly contributes to all phases of ERM, particularly risk identification, risk assessment, risk response and monitoring. The model, as perceived by both AODs and hospital senior leadership, provides tremendous benefits to a health care organization. These include, among many others, a substantial leadership presence, dynamic risk mitigation efforts, continuous education to staff and facilitation of problem solving and conflict resolution.Conclusions: The AOD program is a vital constituent of an ERM endeavor. AODs are pivotal to managing the global risk terrain of a health care organization and play a substantial role in promoting patient, staff and visitor safety while working to ensure potential and actual risk issues are addressed timely and appropriately.

scholarly journals THE IMPORTANCE OF ENTERPRISE RISK MANAGEMENT IN LARGE COMPANIES IN COLOMBIA

2019 ◽  
Vol 0 (0) ◽  
pp. 1-34 ◽  
Author(s):  
Fabio Blanco-Mesa ◽  
Julieth Rivera-Rubiano ◽  
Xiomara Patiño-Hernandez ◽  
Maribel Martinez-Montaña
Keyword(s):  
Risk Management ◽  
Weighted Average ◽  
Risk Identification ◽  
Control Measures ◽  
Management Information ◽  
Economic Sectors ◽  
Correlation Matrices ◽  
Enterprise Risk ◽  
Ordered Weighted Average ◽  
Corporate Risk

The main aim of this paper is to establish that essential aspects are determinant in the enterprise risk identification (ERI) and the existing interrelationship between each corporate risk goals, in the large companies of Colombia. Study proposes a parametric analysis and a non-parametric. The first uses correlation matrices for statistical analysis, a multiple linear regression statistical tools to identify that essential aspects are determinant in the (ERI). The second proposes a new aggregation called the Bonferroni Induced Ordered Weighted Average Adequacy Coefficient (BON-IHOWAAC) operator and Bonferroni Induced Ordered Weighted Average the Maximum and Minimum level (BON-IHOWAIMAM) to establish the existing interrelationship between each corporate risk goals using the risk management information and manager perception. Of the results obtained is highlighted that for all economic sectors; first, control measures are highlighted in the (ERI) and second, the goal with the greatest interrelationship for the other ones to be achieved is protect people. Finally, the study concludes with a holistic analysis of the importance that executive team gives to the management of risks from the prioritization of objectives and the use of tools for the treatment of information to improve the process of decisions-making in uncertain contexts.

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