Operations Risk Book

Operations Risk


  • Author : David Loader
  • Publisher : Elsevier
  • Release Date : 2011-02-23
  • Genre: Business & Economics
  • Pages : 192
  • ISBN 10 : 0080469485

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Operations Risk Excerpt :

Operations Risk--a form of Operational Risk, is becoming increasingly important as more and more sophisticated products and the use of those products occurs in the financial services industry. Outsourcing, including overseas outsourcing, is changing the structure of firms and particularly operations teams. Thus understanding the existing and the changing risk environment in operations functions and its impact on operational risk is centrally important today. The book focuses on areas such as technology risk, people risk, and settlement risk, examining the dangers that lurk within different organisations. Case studies throughout the book illustrate the way in which risk can become magnified and ultimately become a serious danger to the businesses concerned. The reader is challenged throughout the book to interpret given situations in Operations Risk so as to understand the impact of the risks and devise solutions through a series of exercises included in the relevant chapters. (answers are provided). This “self-test approach will help reinforce understanding of the detailed material contained throughout the book. *Offers the knowledge, tools, techniques, and solutions necessary to recognize and evaluate operations risk *Concise, easy to read format provides practical solutions and techniques that readers can implement tomorrow *Case studies and "self-test" features ensure practical understanding.

Probability Distributions in Risk Management Operations Book

Probability Distributions in Risk Management Operations


  • Author : Constantinos Artikis
  • Publisher : Springer
  • Release Date : 2015-02-02
  • Genre: Technology & Engineering
  • Pages : 317
  • ISBN 10 : 9783319142562

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Probability Distributions in Risk Management Operations Excerpt :

This book is about the formulations, theoretical investigations, and practical applications of new stochastic models for fundamental concepts and operations of the discipline of risk management. It also examines how these models can be useful in the descriptions, measurements, evaluations, and treatments of risks threatening various modern organizations. Moreover, the book makes clear that such stochastic models constitute very strong analytical tools which substantially facilitate strategic thinking and strategic decision making in many significant areas of risk management. In particular the incorporation of fundamental probabilistic concepts such as the sum, minimum, and maximum of a random number of continuous, positive, independent, and identically distributed random variables in the mathematical structure of stochastic models significantly supports the suitability of these models in the developments, investigations, selections, and implementations of proactive and reactive risk management operations. The book makes extensive use of integral and differential equations of characteristic functions, mainly corresponding to important classes of mixtures of probability distributions, as powerful analytical tools for investigating the behavior of new stochastic models suitable for the descriptions and implementations of fundamental risk control and risk financing operations. These risk treatment operations very often arise in a wide variety of scientific disciplines of extreme practical importance.

Critical Steps Book

Critical Steps


  • Author : Tony Muschara
  • Publisher : CRC Press
  • Release Date : 2021-11-22
  • Genre: Technology & Engineering
  • Pages : 195
  • ISBN 10 : 9781000476811

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Critical Steps Excerpt :

Critical Steps happen every day at work and at home, purposefully. Work does not happen otherwise. If an operation has the capacity to do work, then it has the capacity to do harm. Work is energy directed by human beings to create value. But people are imperfect—we make mistakes, and sometimes we lose control of the work. Therefore, work is the use of force under conditions of uncertainty. A Critical Step is a human action that will trigger immediate, irreversible, and intolerable harm to an asset, if that action or a preceding action is performed improperly. Whether the human action involves clicking on a link attached to an e-mail message, walking down a flight of stairs with a newborn baby in arms, engaging the clutch on a gasoline-driven chain saw, or administering a medication to a patient in a hospital, these all satisfy the definition of what constitutes critical risks in our daily lives, professionally or personally. The overarching goal of managing Critical Steps is to maximize the success (safety, reliability, productivity, quality, profitability, etc.) of people’s performance in the workplace, to create value for the organization without losing control of built-in hazards necessary to create that value.

Operational Risk Management Book

Operational Risk Management


  • Author : I. Moosa
  • Publisher : Springer
  • Release Date : 2007-07-03
  • Genre: Business & Economics
  • Pages : 255
  • ISBN 10 : 9780230591486

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Operational Risk Management Excerpt :

Written by an experienced academic and practitioner, Operational Risk Management fills a gap in the information available on the Basel 2 Accord and offers valuable insights into the nature of operational risk.

Risk Governance of Offshore Oil and Gas Operations Book
Score: 5
From 1 Ratings

Risk Governance of Offshore Oil and Gas Operations


  • Author : Preben Hempel Lindøe
  • Publisher : Cambridge University Press
  • Release Date : 2014
  • Genre: Business & Economics
  • Pages : 457
  • ISBN 10 : 9781107025547

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Risk Governance of Offshore Oil and Gas Operations Excerpt :

This book evaluates and compares risk regulation and safety management for offshore oil and gas operations in the United States, United Kingdom, Norway, and Australia. It provides an interdisciplinary approach with legal, technological, and sociological perspectives on their efforts to assess and prevent major accidents and improve safety performance offshore. Presented in three parts, the volume begins with a review of the technical, legal, behavioral, and sociological factors involved in designing, implementing, and enforcing a regulatory regime for industrial safety. It then evaluates the four regulatory regimes that encompass the cultural, legal, and other contextual factors that influence their design and implementation, along with their reliance on industrial expertise and standards and the use of performance indicators. The final section presents an assessment of the resilience of the Norwegian regime and its capacity to keep pace with new technologies and emerging risks, respond to near miss incidents, encourage safety culture, incorporate vested rights of labor, and perform inspection and self-audit functions. This book is highly relevant for those in government, business, academia, and elsewhere in civil society who are involved in offshore safety issues, including regulatory authorities and industrial safety professionals.

Supply Chain Games  Operations Management and Risk Valuation Book

Supply Chain Games Operations Management and Risk Valuation


  • Author : Konstantin Kogan
  • Publisher : Springer Science & Business Media
  • Release Date : 2007-09-05
  • Genre: Business & Economics
  • Pages : 513
  • ISBN 10 : 9780387727769

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Supply Chain Games Operations Management and Risk Valuation Excerpt :

In today’s global economy, operations strategy in supply chains must assume an ever-expanding and strategic role of risks. These operational and strategic facets entail a brand new set of operational problems and risks that have not always been understood or managed very well. This book provides the means to understand, to model and to analyze these outstanding issues and problems that are the essential elements in managing supply chains today.

Risk Based Thinking Book

Risk Based Thinking


  • Author : Tony Muschara
  • Publisher : Routledge
  • Release Date : 2017-11-13
  • Genre: Technology & Engineering
  • Pages : 341
  • ISBN 10 : 9781351400169

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Risk Based Thinking Excerpt :

Society at large tends to misunderstand what safety is all about. It is not just the absence of harm. When nothing bad happens over a period of time, how do you know you are safe? In reality, safety is what you and your people do moment by moment, day by day to protect assets from harm and to control the hazards inherent in your operations. This is the purpose of risk-based thinking, the key element of the six building blocks of Human and Organizational Performance (H&OP). Generally, H&OP provides a risk-based approach to managing human performance in operations. But, specifically, risk-based thinking enables foresight and flexibility—even when surprised—to do what is necessary to protect assets from harm but also achieve mission success despite ongoing stresses or shocks to the operation. Although you cannot prepare for every adverse scenario, you can be ready for almost anything. When risk-based thinking is integrated into the DNA of an organization’s way of doing business, people will be ready for most unexpected situations. Eventually, safety becomes a core value, not a priority to be negotiated with others depending on circumstances. This book provides a coherent perspective on what executives and line managers within operational environments need to focus on to efficiently and effectively control, learn, and adapt.

Controls  Procedures and Risk Book

Controls Procedures and Risk


  • Author : David Loader
  • Publisher : Butterworth-Heinemann
  • Release Date : 2002-10-29
  • Genre: Business & Economics
  • Pages : 216
  • ISBN 10 : 0750654864

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Controls Procedures and Risk Excerpt :

'Controls, Procedures and Risk' covers the skills and procedures needed to enable the monitoring and managing of risk and the authors focus on procedures design, implementation and documentation. Considerable emphasis is also given to the key controls and the importance of control functions, audit and risk management groups and policy. Case studies are used to effectively demonstrate 'success' and 'failure'. In the financial services industry risk is a constant threat to organizations of all sizes and to the markets themselves. Many industry 'events' have shown how dangerous it is when a business operates in an uncontrolled way, particularly when the lack of control was not evident to the management of the business until it was too late. Controls, procedures and risk are occupying more and more management time. The responsibility to manage the risks lies with the whole operations team. If it is successful in fulfilling this role the overall risk of the business is reduced, if it is not successful the consequences may be severe. In this book the author has deliberately focussed on the practical side of risk, controls and procedures, rather than analyse the Basel Capital Accord and the capital requirements etc.(however, the Accord and updates are contained in the Appendices). Operations teams need to be aware of risk but not overwhelmed by it. Risk management within, and by, the operations function is the focus of this book. From day-to-day risk to wider risk implications the operations function is reviewed to show the sources and implications of risk situations. The definitive series of professional references for those finance professionals concerned with "Back office" or operations management unique to this industry.Presents concise references on the essential management functions such as technology, client services, and risk management for financial operations management professionals.A comprehensive resource from a leading financial management consultant for glob

Enterprise Risk Management in International Construction Operations Book

Enterprise Risk Management in International Construction Operations


  • Author : Xianbo Zhao
  • Publisher : Springer
  • Release Date : 2015-05-18
  • Genre: Technology & Engineering
  • Pages : 319
  • ISBN 10 : 9789812875495

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Enterprise Risk Management in International Construction Operations Excerpt :

This book provides readers an understanding of the implementation of Enterprise Risk Management (ERM) for international construction operations. In an extended case study, it primarily focuses on Chinese construction firms (CCFs) based in Singapore. In this regard, the book explains the differences and similarities between Risk Management (RM), Project Risk Management (PRM) and ERM in the construction industry, and examines their linkages for international construction operations in a broader context. The explanation elaborates on how companies may adopt and implement RM, PRM and ERM as appropriate in their various operations, both in their home market as well as in overseas host markets. The book also reviews the whole spectrum of work relating to organizational behavior (OB) as one of the key underpinnings for companies to evaluate and implement ERM. It will benefit practitioners from the industry as well as academics interested in the implementation of ERM practices in international construction operations.

Analyzing Risk through Probabilistic Modeling in Operations Research Book

Analyzing Risk through Probabilistic Modeling in Operations Research


  • Author : Jakóbczak, Dariusz Jacek
  • Publisher : IGI Global
  • Release Date : 2015-11-03
  • Genre: Business & Economics
  • Pages : 442
  • ISBN 10 : 9781466694590

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Analyzing Risk through Probabilistic Modeling in Operations Research Excerpt :

Probabilistic modeling represents a subject spanning many branches of mathematics, economics, and computer science to connect pure mathematics with applied sciences. Operational research also relies on this connection to enable the improvement of business functions and decision making. Analyzing Risk through Probabilistic Modeling in Operations Research is an authoritative reference publication discussing the various challenges in management and decision science. Featuring exhaustive coverage on a range of topics within operational research including, but not limited to, decision analysis, data mining, process modeling, probabilistic interpolation and extrapolation, and optimization methods, this book is an essential reference source for decision makers, academicians, researchers, advanced-level students, technology developers, and government officials interested in the implementation of probabilistic modeling in various business applications.

Risk Management in Port Operations  Logistics and Supply Chain Security Book

Risk Management in Port Operations Logistics and Supply Chain Security


  • Author : Khalid Bichou
  • Publisher : CRC Press
  • Release Date : 2013-12-04
  • Genre: Law
  • Pages : 412
  • ISBN 10 : 9781317912880

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Risk Management in Port Operations Logistics and Supply Chain Security Excerpt :

Risk Management in Port Operations, Logistics and Supply Chain Security is the first book to address security, risk and reliability issues in maritime, port and supply chain settings. In particular this title tackles operational challenges that port, shipping, international logistics and supply chain operators face today in view of the new security regulations and the requirements of increased visibility across the supply chain.

Ship Operations Book

Ship Operations


  • Author : Baris Soyer
  • Publisher : Taylor & Francis
  • Release Date : 2020-11-24
  • Genre: Law
  • Pages : 246
  • ISBN 10 : 9781000175776

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Ship Operations Excerpt :

This book covers in one handy volume all the major topics associated with ship operations. Carefully, co-ordinated to ensure breadth, relevance and lack of overlap, the topics covered are addressed by authors are the very top of their profession, whether in legal practice or academia, and are presented in a manner which is topical and clear. Part I offers a detailed and critical analysis of issues of contemporary importance concerning new liability regimes and developments. Part 2 discusses how parties, in particular ship operators, attempt in contemporary practice to allocate their risks concerning ship operations. Part 3 evaluates the legal position of those involved in more ‘back office’ operations. The book provides an invaluable guide to recent legal and practical developments and offers a comprehensive, well-informed and thoroughly practical guide on what is a very complex and developing area of law. It will therefore be of great use to legal practitioners and administrators of ship operations worldwide, as well as students in this area and academics associated with maritime law generally.

Security Operations Book

Security Operations


  • Author : Robert H. Deatherage, Jr.
  • Publisher : CRC Press
  • Release Date : 2021-06-15
  • Genre: Political Science
  • Pages : 268
  • ISBN 10 : 9781000397666

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Security Operations Excerpt :

Security Operations: An Introduction to Planning and Conducting Private Security Details for High-Risk Areas, Second Edition was written for one primary purpose: to keep people alive by introducing them to private security detail tactics and techniques. The book provides an understanding of the basic concepts and rules that need to be followed in protective services, including what comprises good security practice. This second edition is fully updated to include new case scenarios, threat vectors, and new ambush ploys and attack tactics used by opportunistic predators and seasoned threat actors with ever-advanced, sophisticated schemes. Security has always been a necessity for conducting business operations in both low- and high-risk situations, regardless of the threat level in the operating environment. Overseas, those with new ideas or businesses can frequently be targets for both political and criminal threat agents intent on doing harm. Even in the United States, people become targets because of positions held, publicity, politics, economics, or other issues that cause unwanted attention to a person, their family, or business operations. Security Operations, Second Edition provides an introduction to what duties a security detail should perform and how to effectively carry out those duties. The book can be used by a person traveling with a single bodyguard or someone being moved by a full security detail. FEATURES • Identifies what can pose a threat, how to recognize threats, and where threats are most likely to be encountered • Presents individuals and companies with the security and preparedness tools to protect themselves when operating in various environments, especially in high-risk regions • Provides an understanding of operational security when in transit: to vary route selection and keep destinations and movement plans out of the public view • Outlines the tools and techniques needed for people to become security conscious and situationally awar