scholarly journals Risk Assessment and Quantification in Manufacturing Enterprise

2020 ◽  
pp. 24-30
Author(s):  
Ivars Godmanis
Keyword(s):  
Risk Assessment ◽  
Pharmaceutical Industry ◽  
Enterprise Management ◽  
Financial Risks ◽  
Manufacturing Enterprise ◽  
Line Managers ◽  
Manufacturing Enterprises ◽  
Operational Risks ◽  
Iso 31000 ◽  
Pharmaceutical Enterprise

In this research first time in Latvia a multidimensional risk assessment is carried out in a manufacturing enterprise in the pharmaceutical industry according to the only international risk management standard ISO 31000:2018. The key multisided risks were identified and prioritized in the manufacturing pharmaceutical enterprise by applying the common metrics method: obtaining evaluations of risk occurrence and impact severity, made by the two highest levels of enterprise management, i.e. Board and senior line managers. A Top 10 of key risks was created from identified 64 different risks and the convergence and divergence in the risk rankings, evaluated by the enterprise’s Board and senior line management were obtained and analyzed. The main conclusion is that manufacturing enterprises in the pharmaceutical industry have specifics regarding exposure to multisided risks, where the main key risk is a regulatory risk and not different financial risks. Different rankings of enterprise operational risks, investment assessment risks, technological innovations risks made by the enterprise Board and senior line managers are signalling that exactly in these directions of the enterprise’s business activities it is necessary to review the strategic and operational planning with the aim to mitigate the potential risk impacts.

scholarly journals Research on service management of manufacturing enterprises based on quality housing

2021 ◽  
Vol 336 ◽  
pp. 09012
Author(s):  
Xueyuan Wang ◽  
Meixin He ◽  
Mingxing Chen
Keyword(s):  
Service Management ◽  
Enterprise Management ◽  
House Of Quality ◽  
Analysis Method ◽  
Manufacturing Enterprise ◽  
Knowledge Resources ◽  
Manufacturing Enterprises ◽  
Relational Analysis ◽  
Key Points ◽  
Grey Relational

Based on house of quality concept, the relation between servitization strategy and strategic elements were confirmed through grey relational analysis method. Accordingly, the specific elements characteristics of manufacturing enterprise management core - talents & team and relationship, knowledge resources and flowing, information infrastructure and treatment methods, and organization structure and management were illustrated in three servitization stages - product servitization enlarging, servitization capability continuously improving and servitization integration and innovation. According to elements characteristics, the strategic targets for different servitization stages were brought forward, and four strategic elements specific managing methods were further offered for different servitization stages. The research can offer decision references for manufacturing enterprise to confirm element character and servitization stage, and give effective support to confirm management key points and methods of servitization in manufacturing enterprises at different stages.

scholarly journals RISK-ORIENTED APPROACH TO LABOR PROTECTION AT GRAIN PROCESS ENTERPRISES

2019 ◽  
Vol 19 (1) ◽  
pp. 4-10
Author(s):  
O. FESENKO ◽  
V. LYSYUK ◽  
Z. SAKHAROVA
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Working Conditions ◽  
Labor Protection ◽  
Security Measures ◽  
Operational Risks ◽  
Iso 31000 ◽  
Definition Of ◽  
The Impact ◽  
Oriented Approach

The article focuses on the introduction of a risk-oriented approach to labor protection at the enterprises of the grain processing industry. Such an approach is imperative in modern conditions in accordance with the Concept of reforming the system of labor protection management. This will involve the introduction of the proactive principle of “preventive actions” (prevention of hazardous events and situations) instead of the existing reactive principle of “corrective actions” (response to hazardous events and situations). A risk-oriented approach to occupational safety and health is the basis for the formation of a new national system for prevention of the operational risks. In the grain process enterprises, which have agreed their policy on labor protection with international standards, there has been an increase and improvement of the responsibility and competency of the ordinary employees and managers in the safety field, the risk of on-the-job injury has decreased. Improvement of the system of labor protection and risk management at enterprises should be carried out according to State Standard (DSTU) ISO 31000:2018 “Risk Management. Guidelines (ISO 31000:2018, IDT))”. The purpose of the standard is to reduce operational risks to an acceptable level. The main stages of the risk management process are presented. Identification of hazards, risk assessment, definition of security measures is a constituent and integral part of such a system. This is necessary to identify and understand the dangers that may arise in the course of an enterprise's activity, to assess the risk arising from a particular hazard, and to take measures to reduce the probability of occurrence of hazards. At the enterprises of the grain process industry, the identification of hazards consists in the definition of all objects, situations or actions (or their combination) that are inherent in an enterprise's activities and present a potential threat to the health and life of workers. At the same time, the different types of works and situations are considered in order to identify the dangers that are constantly present in normal working conditions, as well as the hazards, the impact of which is possible in case of deviation from normal working conditions and emergencies. Examples of possible hazardous factors at such enterprises are given. The adequacy of the existing security measures, the need for heir improvement or the introduction of other security measures are determined based on the results of the risk assessment.

New approaches to improving enterprise management systems using international models and standards in a digital transformation environment

2020 ◽  
pp. 24-29
Author(s):  
V.V. Silaeva ◽  
◽  
V.P. Semenov ◽  
Keyword(s):  
Management System ◽  
Integrated Management ◽  
Digital Transformation ◽  
International Standards ◽  
System Model ◽  
Management Systems ◽  
Enterprise Management ◽  
Integrated Management System ◽  
New Approaches ◽  
Iso 31000

The relevance of creating integrated management systems for enterprises in a digital transformation environment is proved. New approaches to improving the management system in accordance with the new European excellence model (EFQM 2020) and international standards for achieving sustainable success and risk management are described. Approach to the development of integrated management system model based on the new EFQM 2020 model and international standards such as ISO 9004:2018 and ISO 31000:2018 is offered.

Financial Risks of the Bank: Assessment and Mechanism of Neutralization

2020 ◽  
Vol 22 (1) ◽  
pp. 6-12
Author(s):  
Nelia Volkova ◽  
◽  
Alina Mukhina ◽  
Keyword(s):  
Risk Assessment ◽  
Financial Stability ◽  
Financial Risk ◽  
Stable Operation ◽  
Financial Risks ◽  
Negative Consequences ◽  
Conceptual Approach ◽  
Relevant Today ◽  
Banking Institution ◽  
The Impact

Abstract. Introduction. The issue of financial risk management of commercial banks is quite relevant today, because the activity of banks is the most risky of all. The presence of risks in banking can lead to unexpected losses, namely the loss of own resources. That’s why for the stable operation of the bank without loss the priority is to assess the financial risks, which is the basis for their further neutralization. Purpose. The purpose of the article is to develop conceptual provisions for assessment financial risks and justifying the need to neutralize them. Results. The article analyzes the impact of risks on the financial stability of a banking institution. The main methods of bank risk assessment are considered. All these include the statistical method, the analytical method, the expert method, the analogue method and the combined method. The necessity of neutralization of financial risks in order to avoid negative consequences is substantiated. Also the methods of bank risks neutralization are considered. It should be noted that these methods of neutralization can not only be used, but also supplement the list with new methods must be done, which in the future will protect the bank from the influence of undesirable factors. A conceptual approach to the assessment and neutralization of financial risks is proposed. This conceptual approach aims to ensure effective assessment of the level of risk with their subsequent neutralization Conclusions. Use of a conceptual approach will allow an effective risk assessment and decision-making to avoid or accept risk. Thanks to using this approach, the banking institution will be able to react swiftly to the presence of financial risks and to prevent the occurrence of negative consequences, which may lead to a violation of the financial stability of the bank.

scholarly journals ANALYSIS AND PREVENTION OF RISKS IN THE MANUFACTURE OF LABORATORY MICROBIOLOGICAL CULTURE MEDIA BY FMEA METHOD

2019 ◽  
Vol 14 (1) ◽  
pp. 90-98
Author(s):  
Vladimir E Nikitchenko ◽  
Ekaterina O Rystsova ◽  
Anastasiya N Chernysheva
Keyword(s):  
Risk Assessment ◽  
Culture Media ◽  
Negative Consequences ◽  
Nutrient Media ◽  
Effect Analysis ◽  
Risk Levels ◽  
Assessment Protocol ◽  
Operational Risks ◽  
Microbiological Laboratory ◽  
Fmea Method

At all stages of the production of microbiological nutrient media (MNM), the manufacturer, and in particular, the microbiological laboratories that manufacture the media on site, face many operational risks. The presence of such risks, in almost every critical point of production and further operation of the MNM, is due to the presence of common basic requirements for all MNM, which must be taken into account and respected during their development and preparation; as well as the complexity and laboriousness of the very process of manufacturing high-quality differential-diagnostic and other nutrient media, requiring the availability of all the components necessary for preparing these media, equipment, sterile conditions and qualified personnel. In this regard, there is a need to search for effective methods to identify and prevent undesirable situations associated with the production and use of MNM. The aim of this work was to adapt the risk assessment methodology based on the expert method for analyzing the types and consequences of FMEA failures (Failure Mode Effect Analysis) set out in GOST R ISO 31010-2011 for the needs of microbiological laboratories, including those for veterinary and sanitary expertise, producing microbiological nutrient environments and using them. As part of this work, a comparative analysis of risk assessment methods was carried out in order to select the optimal one; adaptation of the QMS principle - risk-oriented thinking and the FMEA method for risk assessment in the implementation of MNM manufacturing processes in a microbiological laboratory (for example, solid agar media); risk assessment protocol forms were developed; calculations of a quantitative assessment of risk levels were carried out in order to determine the need for preventive actions and their implementation in order to minimize the negative consequences of risk in case of its implementation using the developed protocols. The results showed that this technique can be successfully implemented and used in the claimed area.

scholarly journals Methodical Approaches to Assessing the Performance of the Integrated System of Pharmaceutical Enterprise Management

2019 ◽  
Vol 12 (503) ◽  
pp. 396-402
Author(s):  
K. S. Svitlychna ◽  
◽  
O. Y. Shut ◽  
P. V. Kovalenko ◽  
◽  
...  
Keyword(s):  
Integrated System ◽  
Enterprise Management ◽  
Pharmaceutical Enterprise

A Regional Approach For Health Risk Assessment of Toxicants in Plastic Food Containers

2021 ◽  
Author(s):  
Lan Binh Nguyen Thi ◽  
Nguyen Thi Thanh Truc ◽  
Ngoc Tran Nguyen Thi ◽  
Dinh Khang Vu ◽  
Byeong-Kyu Lee
Keyword(s):  
Risk Assessment ◽  
Fluorescence Spectroscopy ◽  
Health Risks ◽  
Field Survey ◽  
Hazardous Substances ◽  
Health Issues ◽  
Screening Process ◽  
X Ray ◽  
Plastic Type ◽  
Iso 31000

Abstract Plastic food containers are being used popularly, generating a waste of about 115 million tons in Vietnam. Such waste is causing environmental and health issues. This study conducted a field survey with 309 local people and selected 59 samples out of 135 plastic food containers collected in Go Vap district, Vietnam. Collected plastic samples identified compositions were PET 13.6 %, PP 28.8 %, PS 16.9 %, and 40.7 % X. Although most people are aware of the toxicity of plastics, plastics are still widely used due to their convenience and price with easy use and purchase. Collected plastic samples were classified based on the plastic type using recycling code and quantitatively analyzed with X-ray fluorescence spectroscopy method to assess concentrations of Cd, Sb, Pb, Hg, Sn, Cr, Br, Cl, and S. Most of these collected plastic samples (91.5 %) were found to contain 8/9 hazardous substances and most elements contained in these plastics were below their standard thresholds. However, elements Cl and Sb exceeded their safe thresholds, reached the highest concentrations of 1990.3 ppm and 469.2 ppm, respectively. Thus, additional health risks need to be assessed using the USEtox model. Finally, this study proposed a screening process to assess the risk of toxicity of elements contained in plastic food containers through ISO 31000:2018.

Statistical Models for Operational Risk

2011 ◽  
pp. 1848-1853
Author(s):  
Concetto Elvio Bonafede
Keyword(s):  
Statistical Models ◽  
Banking Sector ◽  
Financial Risks ◽  
Bank Capital ◽  
Basel Committee ◽  
Operational Risks ◽  
Credit Risks ◽  
New Basel Capital Accord ◽  
Bank Capital Requirement ◽  
Principal Elements

A statistical model is a possible representation (not necessarily complex) of a situation of the real world. Models are useful to give a good knowledge of the principal elements of the examined situation and so to make previsions or to control such a situation. In the banking sector, models, techniques and regulations have been developed for evaluating Market and Credit risks, for linking together risks, capital and profit opportunity. The regulations and vigilance standards on the capital have been developed from the Basel Committee founded at the end of 1974 by the G10. The standards for the capital’s measurement system were defined in 1988 with the “Capital Accord” (BIS, 1988); nowadays, it is supported from over 150 countries around the world. In January 2001 the Basel Committee published the document “The New Basel Capital Accord” (BIS, 2001), which is a consultative document to define the new regulation for the bank capital requirement. Such a document has been revisited many times (see BIS, 2005). With the new accord there is the necessity of appraising and managing, beyond the financial risks, also the category of the operational risks (OR) already responsible of losses and bankruptcies (Cruz (Ed.), 2004; Alexander (Ed.), 2003; Cruz, 2002).

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