The objectives of the present study are to better understand the mechanisms of major accidents in the present dynamic and technological society. From this understanding, guides to improved strategies for industrial risk management are sought. It is important to consider carefully the present changes in a modern society when planning for industrial risk management. We are facing a period o…
This project was commissioned by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), which is dedicated to providing thought leadership through the development of comprehensive frameworks and guidance on enterprise risk management, internal control, and fraud deterrence designed to improve organizational performance and governance and to reduce the extent of fraud in…
This study integrated concepts from upper echelons, group process and social cognition theories to investigate how demographic diversity and group processes influence strategic consensus within the top management team (TMT), where strategic consensus is defined as the degree to which individual mental models of strategy overlap. Data from 76 high-technology firms in the United States and Ir…
This article explores how top management teams can increase the robustness of their strategies by attending to important concepts emerging from the stakeholder literature. Analysis of three themes emanating from this literature leads to the development of a method composed of three techniques which elaborates how stakeholder management concepts can be applied in practice. The research, which sp…
As noted, fraud is any intentional act or omission designed to deceive others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain. Regardless of culture, ethnicity, religion, or other factors, certain individuals will be motivated to commit fraud. A 2007 Oversight Systems study5 discovered that the primary reasons why fraud occurs are “pressures to do ‘whate…
This paper builds upon prior work conducted by Joint Forum working groups in the area of risk integration and aggregation 1 and aims to explore the progress that financial conglomerates have made in identifying, m easuring, and managing risk concentrations on a firm-wide basis and across the major risks to which the firm is exposed. In December 1999, the Joint Forum published its …
In Why Does College Cost So Much? and The Innovative University: Changing the DNA of Higher Education from the Inside Out, the authors describe some key factors affecting decision making in higher education today.1 Due to increases in the value of higher education to economic competitiveness and upward mobility, sustained increases in the cost of higher education, growing scrutiny and demands f…
In Chapter 8 we introduce multiple state models, which generalize the life– death contingency structure of previous chapters. Using multiple state models allows a single framework for a wide range of insurance, including benefits which depend on health status, on cause of death benefits, or on two or more lives. In Chapter 9 we apply the theory developed in the earlier chapters to proble…
The Eleventh Edition of Finite Mathematics builds upon the solid foundation of previous editions. While the elements of previous editions that proved successful remain, many improvements have been made. Virtually every change is the result of thoughtful comments and suggestions from colleagues and students who have used previous editions. I am sincerely grateful for this feedback and have tried…
This report on systems integration is the second in a series of Computer Science and Telecommunications Board (CSTB) reports focusing on the competitive status of the U.S. computer industry. In CSTB's initial report, Keeping the U.S. Computer Industry Competitive: Defining the Agenda (National Academy Press, Washington, D.C., 1990), leaders of the computing field surveyed each of the maj…
This book provides an introduction to VaR and ETL estimation, and is a more basic, student-oriented version of Measuring Market Risk, also published by John Wiley. The present book differs from Measuring Market Risk in cutting out some of the more difficult material—quasi-Monte Carlo methods, lattice methods, analytical and algorithmic approaches to options VaR, non-parametric density est…
OR has been managed already before it has been „ labelled ― so. However ORM has never been an integrated process , rather a set of fragmented activities to deal with a wide variety of risks
The aim of this book is to provide a practice-oriented overview of risk management issues, with particular reference to approaches which may be adopted in identifying and measuring risks, and, therefore, how action to address those risks may be prioritised. As will become clear from the following chapters, a cornerstone of this book is that risk management is a significant tool in enhancing…
This book discusses the contributions that mathematics makes to the success of science. This topic falls between the philosophy of mathematics and the philosophy of science as they are currently practiced, and this may account for its relative neglect in contemporary philosophy. Despite this situation, I believe that the presence of mathematics in much of science has significant philosophical i…
Howest is a dynamic university of applied sciences, focused on innovation, creativity and entrepreneurship. Our core values “serve – empower – care” stimulate an open, pluralistic and international outlook on education, research and service to society. Howest is a member of Ghent University Association, which provides high-quality higher education to ab…
I f you’ve ever read a historical mathematical text and then thought, what on earth was that? this book is for you. Let me explain. Reading historical mathematics is fascinating, challenging, enriching, and endlessly rewarding. A huge wealth of mathe - matics and mathematical experience are contained in the past; the enthralling task of finding out about th…
Several current global trends are causing cleaner production to grow in relevance and importance. Of especial significance are the inexorable rises in the price of energy and raw materials in the global marketplaces as well as the ever-increasing pressures being brought to bear by international buyers and investors alike looking for greater and greater efficiency along supp…
It is more evident than ever before that global, regional, and local environmental deterioration is affecting the habitability of the planet and, as a result, societal well-being, the working of the national and global economy, and political interactions among nations. It is also evident that although the management and use of technology have contributed to the present environmental situation, …
Be certain you have a well-defined call center business model with reasonable target metrics. You may need to work with outside talent for this. Be prepared to share this with your outsourcer so that they have an opportunity to help the partnership succeed. A good outsourcing partner will need to understand your core business model in order to fully contribute as a partner.
This article presents some practical insights and challenges encountered during the implementation of major IT projects in the government sector in Arab countries. The primary purpose of this article is to point out the identified pitfalls to the existing body of knowledge from a practitioner’s standpoint, as many of the articles published in this regard are published by vendors, consultants,…
There are strong motivating factors for increased awareness and action with regard to Enterprise Risk Management (ERM). Effective ERM policies and practices are lauded to increase stakeholder confidence, competitive advantage and ultimately an organization’s long-term viability. However previous studies suggest that the concept is poorly understood in practice and organizations are failin…
Healthcare appears to be a world of Evidence-Based Medicine and rational decisions. Seldom available, sufficient or relevant in view of human needs, scientific evidence do not address priorities when resources are more than ever globally insufficient to an increasingly voracious system. Literature shows than evidence are not sufficient while a wide range of “stakeholders” vie to influ…
The past decade has seen great growth in efforts by purchasers of health care to understand and influence the treatment of patients. In large measure, these efforts reflect purchasers' concerns that their increasing expenditures are not matched by increasing value and even that a significant amount of care is inappropriate and wasteful. Clinicians and researchers, too, are acutely concerned abo…
Shifts in the environment can compel health care organizations to change their strategies. However strategic change frequently fails because individuals do not adopt the behaviors necessary to successfully implement the new strategy. Purpose: This study explores how three variables—agreement with new strategy, leaders’ actions, and groups’ general orientation toward change—can influence…
Title: The Risk Management Function in the Financial Sector - How Independent are Chief Risk Officers in Swedish Banks? Seminar date: 2012.05.30 Course: Master thesis in business administration, 30 University Credit Points (30 ECTS). Authors: Maria Helmersson, Patricia Pålsson Advisor/s: Håkan Jankensgård Five key words: Enterprise Risk Management (ERM), Chief Risk Officer (CRO), Ri…