Compared with safety assessment, security risk assessment in chemical and process plants is more challenging. On top of uncertain environmental operational parameters interdependent failures, which are common the complex systems infrastructures, there other such as likelihood attack scenarios attackers' expected outcomes. As such, application probabilistic (PRA) techniques, have long been appli...

This article discusses the management process of operational risk in financial institutions. The authors summarize the difficulties associated with the applicability of traditional risk management means to operational risk and introduce the Near-Miss management concept as a potential tool for the banking industry. INTRODUCTION Over the last decades, both the banking industry and regulatory bodi...

A Web-based multi purpose contractual management system can provide support to contractual process workflows for different types of contractual process of unilateral, bilateral or multilateral contracts. These processes can be done on-line i.e. Web-based without the need for all actors to be synchronously present with respect to both time and space. Different contractual processes of initializa...

The topic of operational risk has gained increasing attention in both academic research and in practice. We discuss means to quantify operational risk with specific focus on manufacturing companies. In line with the view of depicting operations of a company using material, financial and information flows, we extend the idea of overlaying the three flows with risk flow to assess operational risk...

Operational Risk management, the least covered component of Enterprise Wide Risk Management, needs intelligent tools to implement Comprehensive Emergency Management Programs. In this paper we discuss how an Intelligent Decision Support System (I-DSS), based on Fuzzy Logic, can be used for supporting the management of complex and critical systems, especially under contingency situations, with li...

A bank as a business units needs to have liquid assets which can be easily converted into cash at short notice. Thus the concept of liquidity risk management is important for any commercial banks. The impact of liquidity position in management of banks have remained significant, though very elusive in the process of investment analysis vis-à-vis bank portfolio management. In addition, liquidity...

The advent of real-time, short-term farm management tools is motivated by the need to protect water quality above and beyond the general guidance offered by existing nutrient management plans. Advances in high-performance computing and hydrologic or climate modeling have enabled rapid dissemination of real-time information that can assist landowners and conservation personnel with short-term ma...

The economic relevance of IT risks is increasing due to various operational, technical as well as regulatory reasons. Increasing flexibility of business processes and increasing dependability on IT require continuous risk assessment, challenging current methods for risk management. Extending IT risk management by a business process-oriented view is a promising approach for taking the occurring ...

introduction gotvand-olia as one of the largest constructional projects in iran has been constructed on the karoun river, between masjed soleiman and gotvand regulatory dam in khuzestan province. it is situated in 382.8 km away from the river estuary at a distance of 25 km north of shoushtar city. this study was conducted to identify and assess the risk of gotvand-olia dam on the environment at...

Operational risk is being considered as an important risk component for financial institutions as evinced by the large sums of capital that are allocated to mitigate this risk. Therefore, risk measurement is of paramount concern for the purposes of capital allocation, hedging, and new product development for risk mitigation. We perform a comprehensive evaluation of commonly used methods and int...