scholarly journals Risk Management Strategies and the Role of Social Context: A Comparative Study

2018 ◽  
Vol 4 (1) ◽  
pp. 1
Author(s):  
E. Fragouli ◽  
D. Hutcheon ◽  
J. Faryna

Researchers have been suggesting that there is a need to examine the wider social context and its role in influencing flood risk management strategies; this has also been joined by a call for further research into the risks of increased rainfall as part of overall climate change. In response to these calls this research study examines the case studies of two pluvial, meaning of or caused by rainfall, flood events; the Calgary, Canada floods of 2013 and the Montrose, Scotland floods of 2016. These events were considered to be 1 in 100 year low probability scenarios and caused significant disruption to the affected areas. The study focuses on the examination into the social context of such events; by examining the risk perceptions before the event, the flood management strategies used and the social impact of the events it was possible to gain insight into the wider picture of pluvial flooding. The analysis of the cases demonstrated that the perceptions of the events were low, due to the unusual nature of the events, but the forecasting of a flood and the issuing of warnings helped to reduce the impact and predict the areas that were most likely to be affected. It has also highlighted the importance of setting common goals, and engaging with, all the necessary stakeholders to improve the effectiveness of strategies and responses. The study concludes by indicating issues that may be of interest to decision makers and researchers in the field of risk management.

2011 ◽  
Vol 55 (2) ◽  
pp. 176-181
Author(s):  
Wendy Goff

This article explores the effects of cyberbullying in relation to a school's duty of care. By examining the impact of cyberbullying through an increasingly common scenario, it becomes apparent that the strategies for Australian schools in maintaining their duty of care may be unclear and uncommunicated. Findings suggest that Australian law in its current form has failed to keep up with the advances in technology and does not effectively deal with the problems surrounding cyberbullying, both within society and within our schools. Such findings suggest that this lack of direction within Australia could be potentially detrimental to the perceptions of the value and use of the internet both within Australian schools and within Australian households, and support the need for global unity in the development of risk management strategies to deal with this growing phenomenon.


2021 ◽  
Vol 7 (1) ◽  
pp. 1891719
Author(s):  
Abigail Gbemisola Adeyonu ◽  
Abiodun O. Otunaiya ◽  
Enoch O. Oyawoye ◽  
Funmilayo A. Okeniyi

2019 ◽  
Vol 49 (12) ◽  
Author(s):  
Seyit Hayran

ABSTRACT: In this study, risk perception of wheat producers in Turkey was examined based on a case study conducted in Bitlis Province. The data set used in the study was obtained from 157 farmers randomly. Factor analysis was employed to classify risk sources and management strategies, and then multiple regression was used to investigate the relationship between farmers perceptions and some characteristic. Results of this study have shown that economic-based risks were perceived more strongly by farmers. Farmers’ also used more than one risk management strategy to minimize the impact of the risks they face. So, in order to ensure social and economic sustainability and predictability in wheat production and wheat market, the government should be considered preventive policy instruments and interventions to prevent fluctuations in input and output prices.


2015 ◽  
Vol 55 (1) ◽  
pp. 64 ◽  
Author(s):  
Simon Briner ◽  
Niklaus Lehmann ◽  
Robert Finger

Applying a bio-economic whole-farm model, we assess the impact of price and weather risk as well as different risk-management strategies on the variability of the gross margin in Swiss suckler cow production. For instance, flexible adjustment of fodder composition, feed stocks, or land use as well as gross margin insurance are considered. Our results show that assuming moderate risk aversion farms’ gross margin variability is rather high, with a coefficient of variation of gross margin ranging from 19 to 21%. Accounting for on-farm risk-management strategies we find that gross margin variability can be reduced significantly, causing only low reductions of average gross margin levels. We find that the use of maize as a switch crop and a market for the trade of roughage are the most efficient risk-management strategies. Our results also indicate that gross margin insurance is not attractive for farmers. Thus in particular promoting better access to markets for feedstuffs provides a valuable opportunity for farmers to manage gross margin risks.


Agriculture ◽  
2019 ◽  
Vol 9 (1) ◽  
pp. 10 ◽  
Author(s):  
Thi Tam Duong ◽  
Tom Brewer ◽  
Jo Luck ◽  
Kerstin Zander

Farmers around the world face and manage a wide range of enterprise-related risks. These risks are increasing due to a range of factors including globalisation, increased trade in agricultural products, and climate change, jeopardising agricultural enterprises and forcing farmers to adjust their production and management strategies. Here we present results of a systematic literature review, following PRISMA protocol, of farmers’ perceptions of, and responses to, agricultural risks. Using data reduction method (factor analysis) and descriptive statistics, we analysed 197 studies and found that weather-related risk (55%), biosecurity threats (48%), and human risk (35%) are the significant risks perceived by farmers for their agricultural enterprises. Diversification of crop and animal production (28%) and pests and diseases monitoring and prevention (20%) were the preferred agricultural risk management strategies employed by farmers. Few studies have investigated socio-economic factors that explain risk perceptions (18%) or factors that influence how farmers manage agricultural risks (11%). The main barriers to successfully managing agricultural risks were limited access to information and formal low-interest loan systems, especially in developing countries. We identified a mismatch between perceived risk sources and risk management strategies, highlighting a need to improve understanding of why particular management responses are employed to address the various risks. This review suggests areas for future research to improve understanding of the perceptions of risks held by farmers, and to support efforts to manage and reduce these risks.


Author(s):  
Jingbiao Yang ◽  
Jiong Zheng ◽  
Xufeng Li ◽  
Weijian Luo

Traditional risk management or risk-based inspection focuses on the probability and the consequences of failure almost without considering the impact on society of the failure events. Social impact of a failure event resulting from a same type of equipment but with the occurrence of the event in the occasion with different public opinion and mental capacity is not the same. The social impact of an event resulting from a pressure special equipment, namely a risk intensity as a modified factor is introduced in this paper based on the traditional description of risk. A systemic risk model is developed after the consequences of failure is modified by the risk intensity. The model built explains the phenomenon well that the failure of the same equipment in different occasions has different social impact.


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