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Author: Lucy Nottingham
Publisher:
ISBN: 9780887633928
Category : Industrial management
Languages : en
Pages : 20
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Book Description
Author: Lucy Nottingham
Publisher:
ISBN: 9780887633928
Category : Industrial management
Languages : en
Pages : 20
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Book Description
Author: Panos Kouvelis
Publisher: John Wiley & Sons
ISBN: 1118115791
Category : Business & Economics
Languages : en
Pages : 497
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Book Description
A comprehensive, one-stop reference for cutting-edge research in integrated risk management, modern applications, and best practices In the field of business, the ever-growing dependency on global supply chains has created new challenges that traditional risk management must be equipped to handle. Handbook of Integrated Risk Management in Global Supply Chains uses a multi-disciplinary approach to present an effective way to manage complex, diverse, and interconnected global supply chain risks. Contributions from leading academics and researchers provide an action-based framework that captures real issues, implementation challenges, and concepts emerging from industry studies.The handbook is divided into five parts: Foundations and Overview introduces risk management and discusses the impact of supply chain disruptions on corporate performance Integrated Risk Management: Operations and Finance Interface explores the joint use of operational and financial hedging of commodity price uncertainties Supply Chain Finance discusses financing alternatives and the role of financial services in procurement contracts; inventory management and capital structure; and bank financing of inventories Operational Risk Management Strategies outlines supply risks and challenges in decentralized supply chains, such as competition and misalignment of incentives between buyers and suppliers Industrial Applications presents examples and case studies that showcase the discussed methodologies Each topic's presentation includes an introduction, key theories, formulas, and applications. Discussions conclude with a summary of the main concepts, a real-world example, and professional insights into common challenges and best practices. Handbook of Integrated Risk Management in Global Supply Chains is an essential reference for academics and practitioners in the areas of supply chain management, global logistics, management science, and industrial engineering who gather, analyze, and draw results from data. The handbook is also a suitable supplement for operations research, risk management, and financial engineering courses at the upper-undergraduate and graduate levels.
Author: Subramanian Venkataraman
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The paper aimed at developing a conceptual framework for extending the Basel-II compliance initiatives by banks to achieve core enterprise objectives through practice of integrated risk management. Major coverage included the essential components of such integrated risk management system and the challenges of transition from regulatory capital to economic capital based system. An empirical analysis of copula based risk aggregation and its comparison with traditional correlation revealed appreciable differences calling for focused attention on the latest developments in this front. The conceptual problems associated with current practice by large banks of using bank-wide cost of capital as target to be achieved by business units and its potential side-effects of subsidizing highly risky businesses at the cost of less risky businesses leading to perverse outcome were highlighted.
Author: Anthony Tarantino
Publisher: John Wiley & Sons
ISBN: 0470245557
Category : Business & Economics
Languages : en
Pages : 1123
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Book Description
Providing a comprehensive framework for a sustainable governance model, and how to leverage it in competing global markets, Governance, Risk, and Compliance Handbook presents a readable overview to the political, regulatory, technical, process, and people considerations in complying with an ever more demanding regulatory environment and achievement of good corporate governance. Offering an international overview, this book features contributions from sixty-four industry experts from fifteen countries.
Author: Toby oConnor
Publisher:
ISBN: 9780987118707
Category :
Languages : en
Pages : 32
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Book Description
Author: Danko Turcic
Publisher:
ISBN: 9781680833775
Category : Business logistics
Languages : en
Pages : 136
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Book Description
Author: Eckhard Platen
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 25
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Book Description
Author: Hooman Attar
Publisher: Xlibris Corporation
ISBN: 1456806440
Category : Reference
Languages : en
Pages : 334
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Book Description
Corporations have problems dealing with the indeterminate aspects of innovation, particularly in the early ‘fuzzy front-end’ of the process. They have difficulty in reflecting upon and handling uncertainties of innovation; often exhibiting a ‘dynamic conservatism’ or a set of ‘defensive routines’ that inhibit inquiry about such contentious issues. They prefer, and are better equipped to operate within the ‘language of investment’ than the ‘language of invention’. In the language of investment, corporations select an environmental niche, and attempt to program and fabricate its future according to rational, stable assumptions and formulations. This view is closely bound to a utopian image of risk management as a tool able to objectively map, measure, and monitor future uncertainties that govern the behavior of the chosen niche. By seeking a close and clear fit between risk management solutions (means) and the dominant factors that determine future threats and opportunities to the niche environment (ends), corporations attempt to master risks and colonize the future through an orderly process. It is the argument of this book that this approach is only good when targeting and ‘solving’ well-defined problems of risk management and innovation within an intellectual terrain that has already been intellectually ‘set’. It fails to systematically recognize, reflect upon, and improve the effectiveness of the complex and creative task undertaken in the prior stage of ‘problem setting’ or ‘risk settling’. In contrast to this approach, it is argued that in ill-defined, unique, and uncertain situations, ‘problem setting’ or ‘risk settlement’ are the key primary activities, and ‘problem solving’ or ‘risk management’ only secondary. This study, as its strategic objective, seeks to juxtapose these contrasting views and develop an integrated conceptual framework capable of supporting a reflective practice amongst practitioners grappling with the interplay between ‘risk settlement’ and ‘risk management’ at the ‘fuzzy front-end’ of innovation. This framework, strongly influenced by Donald Schön’s scholarly work, takes the form of a set of concepts designed to synthesize, mobilize, and focus a wide range of academic literature on managing risk and handling uncertainty in product innovation. It informs reflections on professional practice through pragmatist/existential explorations of the role of metaphor in basic thinking processes as well as sociopolitical and psychological insights into the factors influencing how practitioners intuitively transform and translate uncertain, unmanageable realities into packages of manageable problems, converting uncertainty into manageable risks and rewards. In seeking to understand, reflect upon and improve the way in which such a conversion process within the practice of risk settlement works, it is argued that it is useful to view it has having four dimensions: ‘undertaking spontaneous and reciprocal reflections’, ‘coping with anxiety’, ‘use of metaphors’, and ‘use of frames and framing’. The study applies this framework and understanding to an empirical study of risk management and product innovation in the Australian Cooperative Research Centres (CRC) programme. A narrative reconstruction of critical events occurring in a series of R&D projects in the CRCs is used to elucidate, elaborate, and illustrate the conceptual framework that has been developed as both a contribution to risk management thought and, at least in prototype, as a guide for reflective practice. The framework, and its illustration, is designed to support practical reflection on the complexities of ‘problem setting’, ’risk settlement’ and the ‘non-rational’ character of ‘generative metaphors’ and the practice of ‘invention’. In the introduction, I point to the increasing rate of uncertain, unique, and complex problems as they affect professionals, organizations involved in innovation, and modern institutions as a whole. This situati
Author: Siti Zaleha Abdul Rasid
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Lisa K. Meulbroek
Publisher:
ISBN:
Category :
Languages : en
Pages : 37
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Book Description
This paper is intended as a risk management primer for senior managers. It discusses the integrated risk management framework, emphasizing the connections between the three fundamental ways a company can implement its risk management objectives: modifying the firm's operations, adjusting its capital structure, and employing targeted financial instruments. "Integration" refers both to the combination of these three risk management techniques, and to the aggregation of all risks faced by the firm. The paper offers a functional analysis of integrated risk management using awide set of illustrative situations to show how the risk management process influences, and is influenced by, the overall business activities and the strategy of the firm. Finally, the paper provides a risk management framework for formulating and designing a risk management system for the firm, concluding with a perspective on the future evolution of risk management.
