This paper proposes a simple continuous time model to analyze capital charges for operational risk. We find that undercapitalized banks have less incentives to reduce their operational risk exposure. We view operational risk charge as a tool to reduce the moral hazard problem. Our results show, that only Advanced Measurement Approach may create appropriate incentives to reduce the frequency of ...

the safety of hydrogen generation facilities is the main concern in their process operation. this study was conducted to identify the hazards and evaluate the risks of a hydrogen generation plant. for this purpose, prha (process hazard analysis) was applied for hazard identification while lopa (layer of protection analysis) was used for risk assessment. the study was conducted in the hydrogen p...

background: tea is the most popular nonalcoholic beverage worldwide. in recent years, some iranian studies have shown the occurrence of toxic elements in fresh or dried tealeaves as well as in brewed tea. the present study aimed to ascertain the health risks associated with exposure to toxic and essential element through black tea consumption in iran by systematically reviewing the accredited a...

one of the most important problem and issues in metropolises is natural hazards and the earthquake is the most important of them in developing countries. according to this theme, comprehensive disaster management especially earthquake is an important factor to safe people life and evaluate risks by complete and update information bank, exact and modern hardware and gis and karmania hazard softw...

Vehicle safety depends on (a) the range of identified hazards and (b) the operational situations for which mitigations of these hazards are acceptably decreasing risk. Moreover, with an increasing degree of autonomy, risk ownership is likely to increase for vendors towards regulatory certification. Hence, highly automated vehicles have to be equipped with verified controllers capable of reliabl...

The increasing role of such systems in safety-critical applications establishes the need for methods to analyse and justify their safety. However, the essential characteristics of SoS present serious difficulties for traditional hazard analysis techniques. Operational independence, heterogenous composition, emergent behaviour and the desire for dynamic reconfiguration make conventional hazard a...

Condition monitoring is the foundation of a condition based maintenance (CBM). To relate the information obtained from the condition monitoring to the actual state of the system, it is usually required a stochastic model. On the other hand, considering the interactions and similarities that exist between CBM and statistical process control (SPC), the integrated models for CBM and SPC have been ...

Snow in the Himalayas is a vital resource to India, but also a hazard in the form of avalanches. Therefore, hydrological records are in great demand. Tue Snowhydrology Team of NRSA today is providing seasonal and short-term snowmelt runoff forecasts for various basins on an operational basis. Tue model for avalanche hazard zone mapping is ready for implementation. Tue chosen concept development...