a r t i c l e i n f o Operational risk is increasingly being recognised as a significant area of risk and regulation, yet there exists relatively little research on it. In this paper we show that operational risk represents a fundamental risk to option hedging and investigate it by proposing a new theoretical model. We derive an exposure indicator for the operational risk of option hedging and ...

risks mean cases of uncertainty of project, the impact of which is realized as a threat (negative aspect) and/or opportunity (positive aspect). the traditional viewpoint on risk is a negative viewpoint that implies damages, loss and harmful consequences. judgments such as this on risk merely emphasize on risks management and pay less attention to opportunities management. it is clear that some ...

introductiontoday, one of the most prominent health and environmental problems of cities is ascending trend of solidwastes. this must be managed and the institutionalization of phenomena such as recycling, composting, and soon from municipal solid waste must be taken into consideration. in iran, there is no essential management incollection, disposal and recycling of over 40 thousand tons of th...

This article develops an integrated model of transmitting strategies and operational activities to enhance the efficiency of supply chain management. As the second objective, this paper aims to improve supply chain performance management (SCPM) by employing proper decision-making approaches. The proposed model optimizes the performance indicator based on SCOR metrics. A process-based method is ...

Electronic commerce (e-commerce) applications are developed to allow companies to communicate with their partners, suppliers, and consumers on the internet. The migration from traditional business to e-commerce requires fundamental changes in business operational systems. It is not sufficient to focus on the development of web-based interfaces only. The front-end of a system for e-commerce shou...

Business process modeling is an essential prerequisite to business process reengineering (BPR), and workflow management (WFM). Process models have been traditionally used to model software processes, and many business process models are adaptations of these process models. Using these process models to represent business processes results in two problems. First, since these process models usual...

In the context of process management, risk has been considered mainly from a project management perspective. But risk is an inherent property of every business process and techniques are needed to identify, represent and analyse business process risks. The absence of such techniques is a concern because both operational risk mitigation and legal compliance depend on the sufficient identificatio...

 Background: The most expensive variable in the operating room (OR) is time. Lean Process Management is being used in the medical field to improve efficiency in the OR. Streamlining individual processes within the OR is crucial to a comprehensive time saving and cost-cutting health care strategy. At our institution, one hour of OR time costs approximately $500, exclusive of supply and personnel...