a r t i c l e i n f o Operational risk is increasingly being recognised as a significant area of risk and regulation, yet there exists relatively little research on it. In this paper we show that operational risk represents a fundamental risk to option hedging and investigate it by proposing a new theoretical model. We derive an exposure indicator for the operational risk of option hedging and ...

Hernias are a relatively common occurrence in the armed forces community and may affect an individual's fitness for duty and impact on operational capability, particularly in specialist occupations. Their early identification and management will allow appropriate treatment and minimise any impact on operational capability. This article aims to summarise the assessment and management of simple h...

Earthquake has always endangered cities. This article mainly focuses on the question “whether seismic damages could be diminished through the presentation a preventive operational pattern dealing with physical and nonphysical features of civil defense”. Tehran, the most populous metropolis among Iranian cities is to the south of Alborz mountain range, located on potentially dangerous fault- lin...

“Healthcare’s transition to a population health management model presents hospitals and health systems with significant opportunities and challenges that vary by market,” says Rob York, senior vice president and leader of the population health management division for Kaufman, Hall & Associates LLC, Skokie, Ill. “How well organizations actually achieve population health management depends on the...

Governance, risk and compliance (GRC) as a marketplace can be broadly divided between GRC management (GRCM) products for the oversight and operation of risk management and compliance programs, and other GRC products for the automation and monitoring of controls. For a comprehensive description of the GRC marketplace, see "A Comparison Model for the GRC Marketplace, 2011 to 2013," which addresse...

Sustainable development is increasingly being seen as a major challenge in global terms. Operational Research (OR) has yet to be fully utilised in this area. To date, where it has been mostly used, it tends to deal with the relationships between environmental management and product supply chain and rarely focuses on the social dimension. This article seeks to discuss the potential of OR in the ...

Geographic information systems (GIS) have numerous applications in human health. This chapter opens with a brief discussion of the three dimensions of decision-making in organizations — operational control, management control, and strategic planning. These dimensions are then discussed in terms of three case studies: a practiceimprovement case study under operational control, a service-planning...

This paper presents a theory of Object-Oriented concepts embedded shallowly in HOL for the verification of OO analysis models. The theory is application-specific in the sense that it is automatically constructed depending on the type information of the application. This allows objects to have attributes of arbitrary types, making it possible to verify models using not only basic types but also ...

Due to the new regulatory guidelines known as Basel II for banking and Solvency 2 for insurance, the financial industry is looking for qualitative approaches to and quantitative models for operational risk. Whereas a full quantitative approach may never be achieved, in this paper we present some techniques from probability and statistics which no doubt will prove useful in any quantitative mode...