scholarly journals Considering the Effect of Motorcyclist Risk Tolerance in Accident Risk Management: A Preliminary Study

2018 ◽  
Vol 20 (2) ◽  
pp. 78
Author(s):  
Siti Malkhamah ◽  
Latif Budi Suparma ◽  
Don Gaspar Noesaku Da Costa
Keyword(s):  
Risk Management ◽  
Risk Tolerance ◽  
Accident Risk ◽  
Combine Approach ◽  
Advantages And Disadvantages ◽  
Speed Management ◽  
Negative Perceptions ◽  
Margin Of Safety ◽  
Preliminary Study ◽  
Management Policies

Negative perceptions about accident are usually associated with speeding behavior. However, risk perception has not been considered in accident risk management. It is accepted as a personality matter, thus the number of accidents per year was used as accident risk tolerance indicator. Consequently, due to insufficient measurable indicators, it would be difficult to prevent the increasing speeding behavior. This paper discusses the improvement of accident risk tolerance indicators, i.e. safety factor and margin of safety, and their possible usage in speed management policies. These indicators were built based on the correlation between the results of interview and braking maneuver test. From this combine approach, using aggregated-individual and expert acceptance models, it was found that risk tolerance arose because motorcyclists accepted both the advantages and disadvantages gained from speeding, obtained through their riding frequency, duration of riding and/or accident involvement experienced. However, inappropriate speed due to miss-perception toward braking capability should be avoided. Inversely, an appropriate speed management should consider their travelling expectation

scholarly journals Use of the Safety Factor and Margin of Safety in Motorcyclist Accident Risk Management

2018 ◽  
Vol 9 (4) ◽  
pp. 737
Author(s):  
Don Gaspar Noesaku da Costa ◽  
Siti Malkhamah ◽  
Latif Budi Suparma
Keyword(s):  
Risk Management ◽  
Safety Factor ◽  
Accident Risk ◽  
Margin Of Safety

scholarly journals An Approach to Sustainability Risk Assessment in Industrial Assets

2021 ◽  
Vol 13 (12) ◽  
pp. 6538
Author(s):  
Fco. Javier García-Gómez ◽  
Víctor Fco. Rosales-Prieto ◽  
Alberto Sánchez-Lite ◽  
José Luis Fuentes-Bargues ◽  
Cristina González-Gaya
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Asset Management ◽  
Analysis And Evaluation ◽  
The People ◽  
Preliminary Study ◽  
Assessment Procedures ◽  
Identification Analysis ◽  
A Company ◽  
Industrial Company

Asset management, as a global process through which value is added to a company, is a managerial model that involves major changes in strategies, technologies, and resources; risk management; and a change in the attitude of the people involved. The growing commitment of companies to sustainability results in them applying this approach to all their activities. For this reason, it is relevant to develop sustainability risk assessment procedures in industrial assets. This paper presents a methodological framework for the inclusion of sustainability aspects in the risk management of industrial assets. This approach presents a procedure to provide general criteria, methodology, and essential mandatory requirements to be adopted for the identification, analysis, and evaluation of sustainability aspects, impacts, and risks related to assets owned and managed by an industrial company. The proposed procedure is based on ISO 55,000 and ISO 31,000 standards and was developed following three steps: a preliminary study, identification of sustainability aspects and sustainability risks/opportunities, and impact assessment and residual risks management. Our results could serve as a model that facilitates the improvement of sustainability analysis risks in industrial assets and could be used as a basis for future developments in the application of the standards to optimize management of these assets.

scholarly journals THE RISK MANAGEMENT SYSTEM IS A TOOL FOR THE SUCCESSFUL IMPLEMENTATION OF INTERNATIONAL MEGAPROJECTS

2020 ◽  
Vol 11 (1) ◽  
pp. 98-103 ◽  
Author(s):  
D. V. Shamin
Keyword(s):  
Risk Management ◽  
Management System ◽  
Risk Tolerance ◽  
Successful Implementation ◽  
Monitoring And Control ◽  
Risk Management System ◽  
Management Processes ◽  
Integrated Risk ◽  
Risk Management Process ◽  
Integrated Risk Management

The article is devoted to the optimization of the processes of organization and management of international megaprojects based on the formation of a risk management system.Currently, the implementation efficiency of megaprojects remains low due to the emergence of many risks at various stages of project implementation.In this connection, it is proposed to form an integrated risk management system, which implies a three-stage structure for introducing the 6 element risk management system into the project life cycle, into the main project management processes.This article substantiates the need to form a risk management system in three stages in accordance with the key elements of a risk management system: (1) Planning – the block «Objectives and environment of the project»; (2) Approval of the project – the blocks «Identification», «Classification», «Assessment of risks and risk tolerance», «Risk management plan»; (3) Monitoring and control – the block «Control and monitoring of risks».Thus, the proposed integrated risk management system provides: continuity of the risk management process based on the audit of the RMS; the ability to adjust RMS at the stage of forecasting a risk event; possibility of scenario modeling for forecasting risk reduction potential; risk management program, formed by current risks in order to increase the attractiveness of the mega-project for the investor.It is also proposed to introduce an audit of risk management processes and procedures based on an adapted methodology for the following components of the risk management system: defining events and setting goals; the internal environment of the organization; organization risk assessment; risk control tools; responding to risks; communications and information; risk monitoring.This technique allows you to take into account risks not only at the stage of project development, but also during its implementation, which ensures its feasibility, as well as an audit algorithm for risk management systems of a megaproject is developed and recommendations for improving the RMS through this tool are proposed.

scholarly journals The Effects of ITS Application in Speed Management on State Road From Mali Pozarevac to Kragujevac

2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Tomislav Petrović ◽  
Miloš Milosavljević ◽  
Milan Božović ◽  
Danislav Drašković ◽  
Milija Radović
Keyword(s):  
Traffic Safety ◽  
Traffic Management ◽  
Quality Data ◽  
Transport Systems ◽  
Speed Limit ◽  
Accident Risk ◽  
The Road ◽  
Road Users ◽  
Speed Management ◽  
On The Road

The application of intelligent transport systems (hereinafter ITSs) on roads enables continuous monitoring of road users during a whole year with the aim to collect good-quality data based on which the more complex analyses could be done, such as monitoring of certain traffic safety indicators. Automatic traffic counters are one of the most commonly implemented ITSs for collecting traffic flow parameters that are relevant for traffic management on state roads in Republic of Serbia. This paper presents one of the possible ways to collect, analyze and present data on road users’ speeds using automatic traffic counters, where certain traffic safety indicators are analyzed in terms of road users’ compliance with the speed limit on the road section from Mali Pozarevac to Kragujevac. Based on the analyses of data downloaded from automatic traffic counters, it is observed that an extremely high percentage of vehicles drive at speed higher than the speed limit, indicating clearly to higher traffic accident risk, as well as to the need for a tendency to implement speed management on roads using ITS in the forthcoming period.

scholarly journals Performance Assessment Techniques for the 3-Phase IAG

2019 ◽  
Vol 9 (2) ◽  
pp. 2191-2200
Keyword(s):  
Performance Assessment ◽  
Linear Equations ◽  
Optimization Technique ◽  
Advantages And Disadvantages ◽  
Non Linear Equation ◽  
Non Linear ◽  
Assessment Techniques ◽  
Preliminary Study ◽  
Non Linear Equations ◽  
Steady State Performance

This manuscript covers the analytical and optimization based techniques for the performance assessment of 3-phase IAG furnishing 3-phase and 1-phase load. It examines initially the basic phenomenon of voltage build-up and then the steady state performance of 3-phase IAG furnishing 3-phase and 1-phase load. This preliminary study forms the foundation or basis of the design of future controllers. The conventional techniques and MATLAB based optimization technique fsolve is elaborated in detail along-with advantages and disadvantages for attaining the solution of simultaneous non linear equation. The fsolve technique is recommended for the solution of non-linear equations due to its advantages over conventional method.

scholarly journals EFL STUDENTS’ PERCEPTION TOWARDS THE USE OF BAHASA INDONESIA IN AN ENGLISH CLASSROOM

2019 ◽  
Vol 7 (1) ◽  
pp. 12
Author(s):  
Setya Resmini
Keyword(s):  
Foreign Language ◽  
Teaching And Learning ◽  
First Language ◽  
Primary Data ◽  
English As Foreign Language ◽  
Advantages And Disadvantages ◽  
Efl Students ◽  
Negative Perceptions ◽  
English Classroom ◽  
Bahasa Indonesia

ABSTRACTThe issue of using first language (L1) in teaching English has always been a controversy in the field of teaching and learning English.  The purpose of this study was to investigate the English as Foreign Language (EFL) students’ perceptions towards the use of L1 (Bahasa Indonesia) in the English classroom. In this study, the descriptive qualitative method was employed.  The participants involved in this study are 40 EFL students in the second semester who learn General English in IKIP Siliwangi. A questionnaire which consists of 15 questions was distributed to the participants to gain primary data. To support the data from questionnaire, observation also conducted in the classroom. The findings reveal that the teacher’s use of bahasa Indonesia brought positive/negative perceptions towards students. The students give negative perception towards the teacher’s use of bahasa Indonesia in General English classroom. However, the students also recognized the advantages and disadvantages of the teacher’s use of bahasa Indonesia in the classroom.Key words: EFL; students’ perception; first language (L1); foreign language

scholarly journals Evaluation of the Level of Enterprise Risk Management Adoption and Maturity of Insurance Companies in Kenya

2017 ◽  
Vol 1 (2) ◽  
pp. 1
Author(s):  
Caroline Njagi ◽  
Dr. Amos Njuguna
Keyword(s):  
Risk Management ◽  
Risk Tolerance ◽  
Enterprise Risk Management ◽  
Strategic Decision ◽  
Insurance Companies ◽  
Top Management ◽  
Organizational Strategies ◽  
Risk Management Framework ◽  
Enterprise Risk ◽  
Risk Appetite

Purpose: The purpose of this study was to evaluate the extent to which insurance companies in Kenya have adopted ERM process, and then to assess the maturity, challenges and strategies in the implementation of this process.Materials and methods: The research design adopted for the study is descriptive research. The researcher conducted a survey on the 49 insurance companies of Kenya to encapsulate the factors that are relevant in articulating the extent of adoption of ERM and the level of maturity. A sample of 196 respondents was selected from a population of 245 respondents. The study used quantitative and qualitative methods of data analysis. Statistical Package for Social Sciences (SPSS) version 20 program was used for analysis. The results were presented using tables and pie charts. Similarly, qualitative data was summarized and categorized according to common themes and presentedin continuous prose form.Results: The study concluded that organizational related challenges hindered implementation of ERM programs. Results revealed that inadequate application of the risk management framework, ambiguity in roles and responsibilities in risk management, complexities in risk measurement, lack of embodiment of ERM in organizational culture, difficulty in risk quantification, linking risk information to strategic decision making, ensuring that all decisions remain within the organization’s risk tolerance, proactively identifying current and emerging risks, cost and budgetary constraints, misalignment of the risk and business operating models, risk management not seen as a priority by top management and inadequate information to make risk-based decisions hindered implementation of ERM frameworks among insurance firms in Kenya. The findings imply that organization related challenges have a significant effect on ERM implementation.Recommendations: The study recommends that there should be better organizational strategies to help improve implementation of ERM programs. It was found that building a strong risk culture, engaging consultants, building a dedicated ERM function, committed board of directors and top management, developing risk appetite statement, appointment of a Chief Risk Officer (CRO) and availing ERM budgets improved the implementation of ERM programs. Key words: enterprise risk management, adoption, maturity

scholarly journals Risk management of derivative financial instruments

2021 ◽  
pp. 89-98
Author(s):  
Oksana Kirillova ◽  
Ellina Emelyanova
Keyword(s):  
Risk Management ◽  
Financial Derivatives ◽  
Financial Instruments ◽  
Financial Instrument ◽  
Russian Market ◽  
Advantages And Disadvantages ◽  
The Subject ◽  
Faster Development

The subject of the study is derivative financial instruments. At the beginning of the article, the concept of a derivative financial instrument (PFI) is considered, their advantages and disadvantages are given, after which the risks of operations carried out with PFI are formulated. Further, the article discusses the main problems inherent in the PFI market and suggests a number of measures to solve these problems. In conclusion, recommendations are made that will allow for faster development of the Russian market of financial derivatives.

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