In his classic book, Risk, Uncertainty, and Profit [9] , F.H . Knight proposed that one should distinguish sharply between "risk" and "uncertainty" as descriptions of imperfect knowledge about the economic environment ; risk being a quantitative measure and uncertainty a non-quantitative one . These two concepts have since become standard in microeconomics, especially in the theory of profit (5...

This paper starts with description of the widely used risk assessment tool Failure Modes & Effects Analysis. The paper then later examines some of the alternative methods for risk assessment and their advantages. In this work, we also point out the advantages of using Six Sigma in Risk Assessment and propose a novel technique which would overcome the restrictions of existing Risk Management tools.

BACKGROUND Isothiocyanates, compounds found primarily in cruciferous vegetables, have been shown in laboratory studies to possess anticarcinogenic activity. Glutathione S-transferases (GSTs) are involved in the metabolism and elimination of isothiocyanates; thus, genetic variations in these enzymes may affect in vivo bioavailability and the activity of isothiocyanates. OBJECTIVE The objective...

objective(s): nowadays, cardiovascular diseases (cvds) are the major risk factors of death globally. one of the most undeniable reasons of cvds is metabolic syndrome (mets). mets is defined as a complex of diseases including insulin resistance, hyperglycemia, obesity, high blood pressure and dyslipidemia. the use of complementary medicine such as traditional herbal species can be effective in t...

In an asset-pricing model, risk-averse agents need to forecast the conditional variance of a stock’s return. A near-rational restricted perceptions equilibrium exists in which agents believe prices follow a random walk with a conditional variance that is self-fulfilling. When agents estimate risk in realtime, recurrent bubbles and crashes can arise. These effects are stronger when agents allow ...

I analyze annual returns of the S&P 500 from 1993 – 1998. Future returns of the market are predicted using current dividend yield levels, past risk free returns and a standard deviation variable over the preceding five years. Evidence from the article suggests that future returns can be predicted when combing dividend yields with recent volatility in the market. This article suggests that recen...

How do frictions in asset markets a¤ect business cycle dynamics? This paper argues that imperfect risk-sharing among heterogeneous households, due to frictions in asset markets, ampli…es price stickiness endogenously and consequently increases the persistence and volatility of business cycles. The main economic mechanism is an idiosyncratic wealth e¤ect on individual household’s labor supply. T...

Although often overshadowed by breast cancer and other women’s health issues, stroke is a primary cause of mortality and morbidity among women in the United States today. This article explores three major populations of women: postmenopausal women who are taking hormone-replacement therapy, women ingesting estrogen-containing oralcontraceptive pills, and women who are currently pregnant. It com...

In this chapter we examine the role of the CFO in setting risk management strategy with respect to macroeconomic risk, in particular, and we consider the information requirements for setting a strategy that is consistent with corporate objectives. We argue that macroeconomic risk management requires a broad approach encompassing financial, operational and strategic considerations. Furthermore, ...