This paper presents an approach to conduct risk assessments of complex incentive systems, using a case study of the normative Peer Review Process (PRP). This research centers on appliances and adaptations of the Conflicting Incentives Risk Analysis (CIRA). First as an approach to Root Cause Analysis of a known incident, and then for a full assessment of the incentives in the PRP together with p...

Given the worldwide financial market confusion caused by the subprime mortgage problem and the increase in credit line contracts with relaxed covenants, there have been cases in which financial institutions are facing a demand to provide additional credit to securitized vehicles with heightened liquidity and credit risks. These are typical examples demonstrating the importance of risk managemen...

The use of Privacy Impact Assessments (PIAs) has become common practice in a variety of jurisdictions since the mid 1990s. They play a crucial role in achieving privacy protection for data subjects and in supporting risk management for organisations. Many guidance documents have been published to help support organisations in performing PIAs and in achieving their intended benefits. However, th...

After the grounding of the Exxon Valdez and its subsequent oil spill, all parties with interests in Prince William Sound (PWS) were eager to prevent another major pollution event. While they implemented several measures to reduce the risk of an oil spill, the stakeholders disagreed about the effectiveness of these measures and the potential effectiveness of further proposed measures. They forme...

The environment in which the project schedule will be executed is far from being static. Projects are subject to various uncertainties that have negative effect on activity durations. This is most apparent in the case of construction projects. The frequency and impact of risks depend on project-specific, contractor-specific and location-specific conditions. Identifying critical sources of risk ...

This paper compares two common risk-modeling approaches and then uses them to analyze the risk of incorporating solar photovoltaic (PV) systems into a commercial electric power grid. It uses procedures from both approaches such as Hierarchical Holographic Models, frequency and severity normalization, and avoiding numerical skewing by rare but serious events: It describes the benefits and limita...