ISO 26262 is the de facto standard for automotive functional safety, and every automotive Original Equipment Manufacturer (OEM), as well as their major suppliers, are striving to ensure that their development processes are ISO 26262 compliant. ISO 26262 mandates both hazard analysis and risk assessment. Systems Theoretic Process Analysis (STPA) is a relatively new hazard analysis technique, tha...

We describe several analytical and numerical procedures to obtain bounds on the distribution function of a sum of n dependent risks having fixed overlapping marginals. As an application, we produce bounds on quantile-based risk measures for portfolios of financial/actuarial interest.

Classically, risk is characterised by a point value probability indicating the likelihood of occur­ rence of an adverse effect. However, there are domains where the attainability of objective numerical risk characterisations is increasingly being questioned. This paper reviews the argu­ ments in favour of extending classical techniques of risk assessment to incorporate meaningful qualitative an...

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Firms’systematic risk falls (increases) sharply following investment (disinvestment). This risk dynamics is driven by real investment and not by changes in …rm characteristics and is strongest among …rms with valuable investment opportunities, highly irreversible investment and low operating leverage. Consistent with rational pricing, …rms with poor investment opportunities, those most likely t...

The assessment and management of risk is a routine aspect of day to day practice by clinicians, practitioners and managers in health and social care. Concern about risk taking in respect of vulnerable people has been a key factor shaping public perceptions of social workers and health professionals. Who is seen to be at risk and where the perceived threat lies varies depending on who is making ...

Today green supply chain management (GSCM) has received increasing emphasis, as a kind of modern management mode which takes environmental impact and resource efficiency into a comprehensive consideration within the entire supply chain. In this paper, the government’s subsidy in the green supply chain for home appliances industry is studied by constructing a three-player game model among govern...

Constructing an indicator to measure the effectiveness of energy management is important for energy agencies and authorities. This paper uses multiple linear regression method and data envelopment analysis to examine the effectiveness of energy management. First, the regression method using environmental factors is used to calculate the predicted energy usage intensity of each evaluated buildin...

We study the problem of diversifying a given initial capital over a finite number of investment funds that follow different trading strategies. The investment funds operate in a market where a finite number of underlying assets may be traded over finite discrete time. We present a numerical procedure for finding a diversification that is optimal in the sense of a given convex risk measure. The ...