Relevant bibliographies by topics / Rational risk management

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  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Conference papers

Academic literature on the topic 'Rational risk management'

Author: Grafiati
Published: 4 June 2021
Last updated: 1 February 2022

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Journal articles on the topic "Rational risk management"

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Wu, Fubin, Edwin L. Bills, and Jessica Eisner. "Advancing Regulatory Science through Comprehensive, Rational Risk Management." Biomedical Instrumentation & Technology 53, no. 1 (January 1, 2019): 70–74. http://dx.doi.org/10.2345/0899-8205-53.1.70.

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Bussotti, Luca. "THE RISKS OF CURRENT POLITICAL RISK MANAGEMENT." Problems of Management in the 21st Century 9, no. 3 (December 20, 2014): 170–72. http://dx.doi.org/10.33225/pmc/14.09.170.

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Political risk is a concept traditionally related, on the one hand, to the rational calculation of risk in economic activities and, on the other, to a particular historical moment in which it has taken on the characteristics of an autonomous research field. Risk calculation and the management of lucrative activities have illustrious precedents. At the beginning of the 20th century, Max Weber pointed out the necessity to forecast all the possible risks that come from non-economic factors (such as bureaucracy, uncertainty of law and administrative procedures, and so on) before carrying out an economic investment leading to profit (Weber, 1968). However, the actual starting point of a science, related to the management of political risk, dates back to the 1960s (Sottilotta, 2013). The historical context in which this shift occurred can be found in the Cold War and the decolonization era.
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Park, Jae-Chul, and In-Chan Choi. "Rational Alternative Selection Methodology for Risk Management in an Enterprise." Journal of the Korean Institute of Industrial Engineers 46, no. 6 (December 31, 2020): 650–62. http://dx.doi.org/10.7232/jkiie.2020.46.6.650.

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JACOBSON, MARC S., NANCY COPPERMAN, THERESA HAAS, and I. RONALD SHENKER. "Adolescent Obesity and Cardiovascular Risk: A Rational Approach to Management." Annals of the New York Academy of Sciences 699, no. 1 Prevention an (October 1993): 220–29. http://dx.doi.org/10.1111/j.1749-6632.1993.tb18852.x.

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Zawiła-Niedźwiecki, Janusz, and Maciej Byczkowski. "Information Security Aspect of Operational Risk Management." Foundations of Management 1, no. 2 (January 1, 2009): 45–60. http://dx.doi.org/10.2478/v10238-012-0010-2.

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Information Security Aspect of Operational Risk ManagementImproving organization means on the one hand searching for adequate product (service) matched to the market, on the other hand shaping the ability to react on risks caused by that activity. The second should consist of identifying and estimating types of risk, and consequently creating solutions securing from possible forms of it's realization (disturbances), following rules of rational choice of security measures as seen in their relation to costs and effectiveness. Activities of creating the security measures should be organized as constantly developing and perfecting and as such they need formal place in organizational structure and rules of management
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Sjöberg, Lennart. "Rational Risk Perception: Utopia or Dystopia?" Journal of Risk Research 9, no. 6 (September 2006): 683–96. http://dx.doi.org/10.1080/13669870600799952.

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Zio, Enrico. "RISK-INFORMED REGULATION: HANDLING UNCERTAINTY FOR A RATIONAL MANAGEMENT OF SAFETY." Nuclear Engineering and Technology 40, no. 5 (August 31, 2008): 327–48. http://dx.doi.org/10.5516/net.2008.40.5.327.

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Demydenko, Andriy. "What SDG6 is about: ‘sustainable management’ or ‘rational use’?" Water Policy 22, no. 6 (November 4, 2020): 1015–23. http://dx.doi.org/10.2166/wp.2020.062.

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Abstract The paper describes the Global Water Partnership partner experience in the introduction of risk-based Integrated Water Resources Management (IWRM) into the Ukrainian water policy. We concluded that some proper ‘expressions’ and concepts have already been introduced into Ukrainian legislation, but not the accepted ‘meanings’ of such concepts as IWRM, Sustainable Development Goals (SDG), and water security. The concept of ‘sustainable management’, in the Russian version of Water SDG6, is translated as ‘rational use’ but no one can explain why. We suggest that such a misunderstanding happened since Ukrainian decision-makers still perceive themselves only as water users who are not obligated to achieve any development goals. Therefore, they are quite comfortable with the existing normative approach to water management where the objectives are compliance with defined norms and ensuring water security, which is understood as an absence of any water risk solely to humans, rather than the environment at large. Keeping in mind that true science starts with measurable values, and recognizing that you cannot manage if you cannot measure, we propose to change this false understanding of water security and sustainability that is inherent in the outmoded concept of ‘rational use’. Such a shift is only possible by switching to a measurable goal-oriented approach and risk management in water policy.
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Li, Zhi Gang. "Collaborative Mechanism of Corporate Risk Management Network." Advanced Materials Research 926-930 (May 2014): 3766–69. http://dx.doi.org/10.4028/www.scientific.net/amr.926-930.3766.

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Risk management is an important content of management of the company, is one of the important aspects of the competitiveness of enterprises. The optimization of Collaborative mechanism of corporate risk management network make the company could collect risk information timely, and link the risk information origin to the risk management center to realize the main body sharing of risk management, thus company can have effective distinguish and rational planning of risk,and minimizing the loss caused by risk, at the same time we should constantly optimize the risk monitoring and management system to improve the ability to resist risk formula effective.
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Rasshyvalov, D., and M. Rushkovskyi. "RISK APPETITE STATEMENT AS MULTINATIONAL ENTERPRISES’ INNOVATIVE RISK MANAGEMENT TOOL." Actual Problems of International Relations, no. 141 (2019): 67–74. http://dx.doi.org/10.17721/apmv.2019.141.1.67-74.

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This article analyzes the preconditions and genesis of the concept of risk appetite from the first works on rational decision problem in the conditions of risk and uncertainty, researched by John von Neumann and Oscar Morgenstern in the mid of 20th century within the description of the utility function, to the modern use of Risk Appetite Statement as an innovative risk management tool of the multinational enterprises (MNE). A special focus is placed on the practical use and benefits of the Risk Appetite Statement within the process of internationalization and MNE development of the both financial and non-financial sectors of economy of the US, European Union and Ukraine. The paper argues that the Risk Appetite Statement tool not only sets limits on risks, but also provides other important advantages for MNE in forming a business development strategy and implementing key projects. Practical application of the Risk Appetite Statement in the largest state-owned enterprise of Ukraine NJSC "Naftogaz of Ukraine" is considered in detail.
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Dissertations / Theses on the topic "Rational risk management"

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Roselle, Russell Paul. "Rational Corporate Risk Management Policy: An Extension of Traditional Risk Management Theory to Incorporate Observed Managerial Behavior." Thesis, Virginia Tech, 2006. http://hdl.handle.net/10919/31910.

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There is qualitative and anecdotal evidence that corporate management deviates from received risk management theory. These deviations include: an overall hesitancy to accept projects with greater levels of total risk, increased return requirements compensating for firm-specific risk, employment of hedging strategies, the insuring of diversifiable risks, corporate diversification outside of the industry constraint, and the utilization of portfolio and other variance reducing methods. The literature primarily contributes these behaviors to principal/agent conflicts. Evidence from studies on these deviations support strong arguments based in resource scarcity, cost and availability of capital, employee/community stability, and the increases in bankruptcy costs that these risk management deviation are in the interest of shareholders. When considered in the context of the long-term impact on value, the observed deviations from received corporate risk management theory contribute substantively to the perpetuation of the firm as a long-term store of value. This paper supports two hypotheses: (1) the deviation from received risk management theory by corporate managers is broadly practiced, and (2) these deviations are generally in the interest of shareholders.
Master of Arts
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Eklund, Sophie, and Daniel Gunnarsson. "The Rational Unified Process : A study on risk awareness." Thesis, Blekinge Tekniska Högskola, Institutionen för programvaruteknik och datavetenskap, 2002. http://urn.kb.se/resolve?urn=urn:nbn:se:bth-1373.

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Introduction to problem: Many software development projects today have a tendency to fail on some level. Even though they may not fail entirely, they might be completed with schedule delays, budget overrun or with poor quality that do not meet the customer?s requirements. When a project fails in some way, it is because one or many project risks have occurred. Our own opinion in this matter is that if the project team members are more aware of the project?s risks, it might increase the probability of project success. Therefore, we wanted to explore the area of risk awareness. We contacted Volvo Information Technology AB and through discussions we decided to investigate risk awareness when using one of their software project methods. That method was the Rational Unified Process. This report has not been conducted because Volvo IT considers this to be a problem that they wanted to investigate. Instead, we wanted to investigate this since we find the area of risk awareness among project team members interesting and we were able to do this with help from Volvo IT. Even though we mention the term ?project success? in this report, we will not investigate this in the report. Hypothesis: ?By using the Rational Unified Process, a higher awareness of the risks can be achieved by all team members of the project? Aim: The aim of this report is to investigate if risk awareness among project team members increases when software development projects make use of the Rational Unified Process. Method: We have used a web-based questionnaire to gather information. Four projects at Volvo Information Technology AB were contacted and asked to participate in the questionnaire. Two of these were using RUP and two did not use RUP. Personal e-mails were later sent out to each of the project managers with a description of the aim of our research and the way it would be carried out. The participants had a total of seven workdays to fill out the questionnaire. After seven days the site of the questionnaire were closed down. Conclusion: The differences in answers to certain questions have been rather significant between the two project methods. On the whole though, the answers have been positive for both project methods from a risk awareness point of view. Therefore, it seems to us that risk awareness is not dependent on the project method that is being used. We feel that we have not received enough convincing proof that members of RUP projects possess a higher awareness of project risks than non-RUP project members. Therefore we are of the opinion that we cannot verify our hypothesis.
Introduktion till problem: Många av dagens mjukvaru-projekt har en tendens till att misslyckas på ett eller annat sätt. Även om de inte misslyckas helt, kan det hända att de slutförs med förseningar, stora kostnader utanför budgetens ramar eller med otillräcklig kvalitet som inte motsvarar kundernas krav. Anledningen till att ett projekt misslyckas på något sätt är att en eller flera projekt-risker har inträffat. Vår åsikt i detta ämne är att om projekt-medlemmarna har högre medvetenhet om sitt projekts risker kan detta leda till en ökad sannolikhet att projektet "lyckas". Vi ville därför undersöka området risk-medvetenhet närmare. Vi kontaktade Volvo Information Technology AB och genom diskussioner bestämde vi oss för att undersöka risk-medvetenhet vid användandet av en av deras mjukvaru-projekts metoder. Denna metod var The Rational Unified Process. Denna rapport har inte genomförts på grund av att Volvo IT anser detta vara ett problem som de ville ha undersökt. Istället ville vi själva undersöka detta eftersom vi tycker att risk-medvetenhet bland projektets medlemmar är ett intressant område som borde undersökas. Vi kunde genomföra detta tack vare hjälp från Volvo IT. Även om vi nämner begreppet "lyckade projekt" i rapporten, kommer vi i rapporten inte att undersöka detta. Hypotes: "Genom att använda sig av the Rational Unified Process, kan man uppnå en högre risk-medvetenhet bland projektets samtliga medlemmar" Syfte: Syftet med denna rapport är att undersöka om risk-medvetenheten bland projektets medlemmar ökar när mjukvaru-projekt använder sig av the Rational Unified Process. Metod: Vi har använt en web-baserad enkät för att samla information. Vi kontaktade fyra projekt på Volvo Information Technology AB och frågade om de ville medverka i vår enkät. Två av dessa projekt använde the Rational Unified Process och två gjorde det inte. Personliga e-mail skickades senare ut till varje projektledare med förklaring till syftet med undersökningen samt sättet den skulle genomföras på. Deltagarna hade totalt sju arbetsdagar att fylla i enkäten. Efter dessa sju dagar stängdes sidan med undersökningen. Slutsats: Skillnaden i svar på vissa av frågorna var ganska markanta mellan de två projekt metoderna. Dock, från ett risk-medvetenhets perspektiv, var svaren på det hela taget positiva för båda projekt metoderna. Därför verkar det som att risk-medvetenhet inte är beroende av vilken projekt-metod som används. Vi anser oss inte ha tillräckliga belägg för att medlemmar av projekt som använder the Rational Unified Process besitter en högre risk-medvetenhet än projekt som inte använder sig av denna metod. Vi anser därför att vi inte kan verifiera vår hypotes.
Sophie Eklund 0739-078698 Daniel Gunnarsson 0737-344243
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Singla, Laure. "L'approche juridique contemporaine de la gestion des ressources naturelles mondiales." Thesis, Perpignan, 2016. http://www.theses.fr/2016PERP0019/document.

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La conquête des espaces depuis le XVème siècle a permis la reconnaissance du principe de souveraineté des États sur leurs ressources naturelles. Le XXIème siècle doit faire face à l'épuisement progressif des ressources naturelles fossiles mondiales et à la quête de nouvelles. Les tensions autour de la gestion actuelle mondiale des ressources naturellesont posé le constat d'une régulation juridique fragile, et l'idée d'adopter d'autres gouvernances reposant sur un mode de gestion nouveau. Cette autre approche, intergénérationnelle serait basée sur une gestion raisonnée au sens de rationnelle, équilibrée et adaptée des systèmes endémiques. Or, ce basculement place la question de la gestiondes ressources naturelles mondiales au coeur des priorités inter-générationnelles. Le XXIème siècle permet alors de réfléchir à la reconnaissance juridique du principe d'interdépendance entre l'Homme et la Nature. Mais cette réflexion juridique vient a contrario des politiques publiques et modes de gestion traditionnels. L'Europe a amorcé une réactivité effective. La France a suivi par l'adoption de la charte de l’environnement, les lois dites Grenelle I et II, la loi sur la transition énergétique. Certains États Andins ont inscrit ce principe dans leur constitution. L'approche juridique contemporaine de la gestion des ressources naturelles mondiales renvoit ainsi à d'autres modes de gouvernance et à des notions de territoires endémiques et d'intérêt général commun. Les enjeux juridiques environnementaux mondiaux reposent alors sur denouvelles politiques sécuritaires anticipatives, renforçant les liens de coopération existants face à la multiplicité des sources d’autorité et de pouvoir
The conquest of space since the fifteenth century allowed the recognition of the principle of sovereignty of States over their natural resources. The XXI century is facing the depletion of global fossil natural resources and the pursuit of new. Tensionsaround the world present management of natural resources posed the finding of a weak legal regulation, and the idea of adopting other governance based on a new mode of management. The other approach, intergenerational would be based on a reasoned management in the sense of rational, balanced and adapted endemic systems. But this shift puts the issue of the management of global natural resources at the heart of intergenerational priorities. The XXI century then allows to reflect on the legal recognition of the principle of interdependence between Man and Nature. But this legal thinking isa contrario of public policies and traditional management methods. Europe has initiated an effective response. France followed by the adoption of the charter of the environment, the laws say Grenelle I and II, the Law on energy transition. SomeAndean States have included this principle in their constitutions. The contemporary legal approach to the management of global natural resources and returns to other modes of governance and to notions of endemic areas of common public interest. Global environmental legal issues while based on new proactive security policies, strengthening existing ties of cooperation to face the multiplicity of sources of authority and power
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Alhajri, Jefain R. "Six element maturity model for health and safety improved performance in Kuwaiti oil sector." Thesis, University of Manchester, 2014. https://www.research.manchester.ac.uk/portal/en/theses/six-element-maturity-model-for-health-andsafety-improved-performance-in-kuwaiti-oilsector(8bda125b-6659-414b-96be-cfd2e8ce6d2f).html.

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The management of health and safety risks in the oil refinery tends to be centred on the collection and simulation of technical data which can then be used to make decisions on the wellbeing of the workforce as well as the refinery installations. While the number crunching in the process is immensely vital, there tends to be a problem of ignoring or, at the very least, side-lining the social-cultural values of the people dealing with health and safety risk assessment processes. The economic driver for the operation of the oil refinery tends to be more important because of the generally huge initial financial outlay, and the eventual high costs of maintenance; hence health and safety risk management should have evidence of ensuring that the installations, as well as the people that work in them, are well catered for. In the Kuwait Gulf Oil Company this problem is more evident in newer installations where lean management processes have been instituted by oil firms so that they can reduce waste in the oil refining process without compromising the occupational health and safety needs of the refinery. Therein lies the initial problem of integrating health and safety risk assessment processes because most approaches concentrate on the technical elements of waste elimination while ignoring the social-cultural factors that impact on the health and safety of the workforce. This is an exploratory piece of research that examines the impact of rational and cognitive decision theories – herein called the psychology of risk – and how they impact on the occupational health and safety systems in the oil and gas refining sector of Kuwait. The research concludes that the application of lean concepts in the oil refining process is noble in itself but it needs to be integrated with the rational and cognitive detection factors that are necessary to incorporate and support the social-cultural tendencies of the workforce. The research recommends a framework for incorporating social-cultural values in the decision making process pertaining to health and safety risk assessment in oil refining process plants. Key Words: occupational health and safety risk assessment; lean management; social-cultural values; rational and cognitive decision making; oil and gas process plants.
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Gossy, Gregor. "A stakeholder rationale for risk management: implications for corporate finance decisions." Wiesbaden Gabler, 2007. http://d-nb.info/987653415/04.

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Gossy, Gregor. "A stakeholder rationale for risk management : implications for corporate finance decisions /." Wiesbaden : Gabler, 2008. http://d-nb.info/987653415/04.

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Craig, Wendy. "Differentiated thyroid cancer : the rationale for a risk stratified approach to management." Thesis, University of Aberdeen, 2013. http://digitool.abdn.ac.uk:80/webclient/DeliveryManager?pid=196011.

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Background: Differentiated thyroid cancer (DTC), although rare, is the commonest endocrine malignancy, with a significant recent increase in incidence. Natural history is well understood: the majority of patients have an extremely good prognosis, but with a tendency for late recurrences, up to twenty years post diagnosis. These features have combined to effect a lack of evidence underlying current practice, the majority of guidelines based around retrospective series and opinion. A number of validated risk stratification systems exist, unique to DTC, some applicable at the point of intervention. Although these systems reliably predict outcome, they are inconsistently used to guide the extent of intervention. As such, the three main facets of treatment, surgery to the thyroid, surgery to the lymph nodes, and radioiodine (RAI), are variably applied to the same extent of disease. This may depend at least partly upon the clinician‟s preference towards use of risk stratification systems. Consequently, low risk patients may be at risk of morbidities, both short and long term from unnecessarily aggressive interventions, despite consistently good prognosis. Rationalisation of the approach is attractive from a patient, provider, and health service perspectives; without controlled or long term data, such change in practice requires justification. Aim The overall aim of this thesis is to describe and compare the clinical effectiveness of risk stratified (RS) management of DTC, compared to non risk stratified (NRS) management, in an adult population. UK context is provided by description of current practice and long term disease specific outcomes. Three strands of work are combined to address this aim. Part One: Systematic Review A comparison of RS/NRS approaches necessitated objective and reproducible definition of practice overall, encompassing the three facets of intervention. Thereafter, rigorous methodology was applied to examine the clinical effectiveness of the two approaches, based on review of 76 datasets identified from the literature, with RS/NRS approach assigned; there were no relevant randomised trials nor prospective comparative series. Patients, disease and practice were described and compared, with outcome data grouped by safety, disease control, and survival. Sensitivity analysis was planned around population and practice items. Study quality vi was objectively assessed. Weighted mean effect sizes were calculated for RS/NRS cohorts and compared across the two intervention groups for each outcome, with findings further tested on sensitivity analysis. Broadly, equivalence was shown across the two treatment groups by outcome, with small differences consistent with disease biology/magnitude of intervention. Risk stratification appeared to be applicable not only to primary intervention, but also follow-up strategies. Variations in outcome definitions were highlighted, and a pragmatic, patient-centred definition favoured as an approach for future work. Lack of time-specific data was a significant limiting factor. Part Two: Description and Analysis of UK Practice With no UK dataset within the systematic review, validity for the findings was required, as well as the need to describe and compare practice and outcomes in a contemporary local context. The ideal dataset was defined and participants for a UK collaborative sought. Five centres contributed datasets of adequate quality, at least in part prospective, with time-specific outcome measures. Overall, UK practice was by definition risk stratified – and appeared increasingly so over time. There was considerable variation in practice across the five centres (2 NRS, 3RS), but all with consistent, equivalent outcomes compared with the review, despite patients of somewhat higher risk. Utilising methodologies from the systematic review, the analysis was repeated and augmented, confirming consistency in effect directions. Time-specific, adjusted outcome measures demonstrated a possible lack of effectiveness of RAI in high risk disease – a new finding worthy of further exploration. The comprehensive datasets further reinforced the need to work towards prospective, long term, time specific data with common agreed definitions, and suggestions are made how this can be achieved. Part Three: National Survey of Practice Preference The current UK preference for RS management, notwithstanding current service provision around thyroid cancer, is little known. Through cross-specialty survey, utilising a number of case scenarios validated by external experts, and gathering data on clinician demographics, this information was sought, in order to give further context to the above findings. A high degree of variation was identified within, and across scenarios; the least RS preference for intervention applied to the lowest risk scenarios, implying risk of over-treatment. RS preference was associated independently with fewer years in practice and high volume practice. Conclusion Based on the best available data, and supplemented by congruent, contemporary UK data and perspectives, this thesis confirms safety and equivalence of effectiveness of a risk stratified approach to the management of differentiated thyroid cancer, demonstrates considerable variations in practice and suggests possible tools towards building a better evidence base for the future.
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Zhao, Mingjun. "Essays on model uncertainty in macroeconomics." Columbus, Ohio : Ohio State University, 2006. http://rave.ohiolink.edu/etdc/view?acc%5Fnum=osu1153244452.

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Ayoub, Sherif El-Sayed. "Market risk management in Islamic finance : an economic analysis of the rationale, permissibility and usage of derivative hedging instruments." Thesis, University of Edinburgh, 2013. http://hdl.handle.net/1842/8031.

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The examination of the topic of market risk management in Islamic finance is a complex endeavour. At a basic level, the subject matter, being multifarious in a manner that mixes religion and economics, requires the conjoining of religious faith with scientific objectivity in order to ascertain the truth contained in the scripture as it pertains to the Mua’amalat (dealings between individuals) matter of entering into financial contracts with others to manage market risk exposures. Moreover, the complexity is compounded due to the need to disentangle the ambiguity that has beset the discourse on the topic due to historically being mostly legal-centric with a focus on debating the contractual elements rather than attempting to comprehensively address the myriad issues that relate to market risk management in contemporary contexts. These issues, for the most part, revolve around the reliance on market risk transfer as a strategy and derivative contracts, with monetary underlying variables, as tools to implement that strategy. Thus, the journey of investigating the rationale, permissibility, and usage of derivative hedging instruments for market risk management in Islamic finance is, essentially, an undertaking that seeks to engage in a wide-ranging and multi-layered examination of the subject matter as well as the exploration of new areas of relative significance. This, in turn, and subsequent to the analysis of data generated from documentary sources and forty-one interviews which were collected from numerous sources within four locations, led to the elaboration of the contention that market risk management through derivative instruments for legitimate hedging purposes should not be prohibited in the Shari’a, albeit with certain conditions that limit unproductive behaviour. The basis for the aforementioned contention is built on the fact that market risk management has undergone a paradigm shift in how exposures are identified and measured as well as in the emergence of innovative tools which can result in a better ability to address the opportunities and challenges facing institutions that provide value to society (i.e., the real sector). Moreover, there is little substantive evidence that proves that the utilization of derivative instruments for hedging purposes leads its users to partaking in transactions that circumvent the prohibition of Riba (usury), Gharar (excessive uncertainty), and Maysir (gambling). In effect, the derivative instruments used for the management of market risks are not only disassociated from usurious debt transactions, they are also transacted in the financial markets in a manner that is transparent to all the parties involved. Along the same lines, the prohibition of Maysir, which is apparently an overarching concern, should be conceptualized with the focus on the proscription of the act of gambling, not necessarily the instruments (e.g., derivatives) and/or any particular framework (e.g., zero-sum arrangements). Ultimately, one should be cognizant of the fact that the true intentions of Islamic jurisprudence in Mua’amalat (as a manifestation of divine guidance) always centre on human well-being. Accordingly, the religious prohibitions are, in essence, within the realm of acts that adversely affect human well-being. This is a constant theme that is present throughout the thesis; and is one that exists at the heart of a wider aspiration of its adoption to a greater extent than is currently present in the Islamic finance discourse.
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Coffey, Brian K. "NEW INPUT AND OUTPUT RISK MANAGEMENT STRATEGIES FOR LIVESTOCK PRODUCERS." UKnowledge, 2001. http://uknowledge.uky.edu/gradschool_theses/164.

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Backgounding beef cattle is an inherently risky venture. Producers faceproduction risks as well as marketing risks. If a backgrounding operation is to be viable,these risks should be addressed and effectively managed. While some effective riskmanagement tools are currently available to livestock producers, some other potentiallyuseful risk management tools, for various reasons, have been previously unavailable.Two such tools which could help livestock producers achieve the overall goal ofmanaging net income risk are a program for managing feed ingredient nutrient and pricevariability in the selection of minimum cost feed rations and government subsidizedlivestock price insurance.Due to lack of data and limited computational power of solvers, risk has seldombeen introduced into the feed ration selection process. Presently, both feed ingredientnutritional data and appropriate solvers are available, allowing for risk to be fullyconsidered in this decision-making process. Only recently has there been policy effortsto establish subsidized price or revenue insurance for livestock producers. Theintroduction of such insurance to livestock producers offers potential risk managementbenefit but also has the potential to introduce improper incentives to livestock producers.This study will evaluate both of the aforementioned livestock risk managementtools. In addition to evaluating their effectiveness, the policy concerns of subsidizedlivestock insurance will also be addressed. Results will be relevant to a broad range ofentities. In addition to livestock producers wishing to manage the risks associated withtheir operations, agribusinesses that provide service to these producers such as feed salesor financial lending will benefit from knowing how these risk management strategiesperform. Furthermore, policy makers who will structure livestock insurance products canhopefully do so more efficiently based on the results of the livestock insurance analysis.
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Books on the topic "Rational risk management"

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1984-, Becker Eva, and Rostásy Carla, eds. Systemic risk: The myth of rational finance and the crisis of democracy. Frankfurt: Campus Verlag, 2013.

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1971-, Feng Huiyun, ed. Prospect theory and foreign policy analysis in the Asia Pacific: Rational leaders and risky behavior. New York, NY: Routledge, 2012.

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Tornell, Aaron. Robust-H[infinity symbol] forecasting and asset pricing anomalies. Cambridge, MA: National Bureau of Economic Research, 2000.

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Faggini, Marisa, and Concetto Paolo Vinci. Decision theory and choices: A complexity approach. Edited by Abatemarco Antonio, Aiello Rossella, Arecchi F. T, Biggiero Lucio 1955-, Bimonte Giovanna, Bruno Sergio 1941-, Chiarella Carl, et al. Milan: Springer Verlag Italia, 2010.

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Ryoo, Sangdai. Bank restructuring in selected emerging economies: Rationale, consequences and strategies. Kuala Lumpur: South East Asian Central Banks Research and Training Centre, 2004.

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Mischenko, Aleksandr, and Anastasiya Ivanova. Optimization models for managing limited resources in logistics. ru: INFRA-M Academic Publishing LLC., 2021. http://dx.doi.org/10.12737/1082948.

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In the proposed monograph, optimization models for managing limited resources in logical systems are considered. Such systems are primarily used by industrial enterprises, transport companies and trade organizations, including those that carry out wholesale activities. As a rule, the efficiency of these objects largely depends on how rational use of limited resources such as: consumer camera business, labor, vehicles, etc. In this paper, various approaches to managing such resources are considered both for deterministic models and for the situation when a number of model parameters are not specified exactly, that is, for stochastic models. In this case, it is proposed to evaluate the stability of models to the occurrence of various types of risk events, both by the structure of the solution and by the functionality. It is addressed to senior students, postgraduates and masters studying in the specialty "Management" and "Logistics", as well as specialists in the field of logistics systems modeling.
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K, James D., and Stirrat Gordon M, eds. Pregnancy and risk: The basis for rational management. Chichester: Wiley, 1988.

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(Editor), David K. James, and Gordon M. Stirrat (Editor), eds. Pregnancy and Risk: The Basis of Rational Management. John Wiley & Sons, 1988.

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Carlo, Jaeger, ed. Risk, uncertainty, and rational action. London: Earthscan, 2001.

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Markowitz, H. Risk-Return Analysis, Volume 2: The Theory and Practice of Rational Investing. McGraw-Hill Education, 2016.

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Book chapters on the topic "Rational risk management"

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Staples, Charles A., and Richard A. Kimerle. "The Cleanup of Chemical Waste Sites — A Rational Approach." In Risk Assessment and Management, 61–69. Boston, MA: Springer US, 1987. http://dx.doi.org/10.1007/978-1-4757-6443-7_7.

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Hollis, Simon. "The Rational Role of Regional DRM Cooperation." In The Role of Regional Organizations in Disaster Risk Management, 47–77. London: Palgrave Macmillan UK, 2015. http://dx.doi.org/10.1057/9781137439307_3.

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Forster, John. "Rational Managerial Behaviour, Risk and Expenditure Surge in the Public Sector." In Budgetary Management and Control, 103–13. London: Macmillan Education UK, 1990. http://dx.doi.org/10.1007/978-1-349-15141-7_9.

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Krishnan, B., and Satyen Parida. "Preoperative Evaluation and Investigations for Maxillofacial Surgery." In Oral and Maxillofacial Surgery for the Clinician, 11–24. Singapore: Springer Singapore, 2021. http://dx.doi.org/10.1007/978-981-15-1346-6_2.

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AbstractPatients undergoing oral and maxillofacial surgeries have unique perioperative considerations as the surgical field is in proximity to the airway and poses a challenge to the anesthesiologist in the matter of airway management. A well-structured preoperative evaluation plays a decisive role for the successful performance of the planned surgical intervention, as well as to overcome any challenges posed due to the pre-existing health condition of the patient. Each physiologic system can be adversely affected by associated comorbidities that may or may not have clinical importance for the surgeons. Thus, the effects of coexisting diseases on the cardiovascular, respiratory, gastrointestinal, renal, and endocrine systems may be significant. Moreover, to mitigate risks related to these associated comorbidities, as well as to the impact of surgery/anesthesia on the patient, specific risk reduction strategies for the entire perioperative period need to be implemented. Risk management and optimization strategies involve the rational use of adjunctive laboratory and imaging studies and professional opinions of consultants of other specialties. A team approach is critical in establishing a working framework of perioperative management that would be able to keep morbidity and mortality related to the maxillofacial surgery, to an absolute minimum.
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Pagano, Michael S. "An Empirical Investigation of the Rationales for Integrated Risk-Management Behavior." In Handbook of Quantitative Finance and Risk Management, 675–95. Boston, MA: Springer US, 2010. http://dx.doi.org/10.1007/978-0-387-77117-5_45.

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Geirsdóttir, Ólöf G., Karen Hertz, Julie Santy-Tomlinson, Antony Johansen, and Jack J. Bell. "Overview of Nutrition Care in Geriatrics and Orthogeriatrics." In Perspectives in Nursing Management and Care for Older Adults, 3–18. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-63892-4_1.

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AbstractEngaging older adults, and all those who care for them, is pivotal to providing high-value nutrition care for older adults. Nurses and other interdisciplinary team members are essential to this process. The aim of this chapter is to provide an overview of the rationale and evidence for interdisciplinary and systematised nutrition care as an effective nutrition care approach for older adults with or at risk of malnutrition. This chapter also serves as a guide to detailed chapters across this book to provide focal points on different aspects of nutrition care that should be considered across primary prevention, acute care, rehabilitation, secondary prevention and community settings (Dreinhöfer et al., Injury 49(8):1393–1397, 2018).
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Weirich, Paul. "Rational Management of Risks." In Rational Responses to Risks, 112–35. Oxford University Press, 2020. http://dx.doi.org/10.1093/oso/9780190089412.003.0006.

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The literature on expected utility formulates in two ways the principle to maximize expected utility. One version of the principle requires choices that literally maximize expected utility. The other version requires choices that are “as if” maximizing expected utility. The first principle is substantive and applies to a single choice. The second principle is representational and applies to a set of choices; it requires only a type of consistency among choices and is weaker than the first, substantive principle. The justification of the substantive version of the principle is that following it amounts to following preferences among the options in a decision problem. The justification takes an option’s risk as a consequence of the option’s realization. Making this move yields a simple decision principle, using evaluations of options that do not add weights to the probabilities or the utilities of an option’s possible outcomes.
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Fragola, J., and E. Morse. "Setting rational safety goals for human spaceflight." In Advances in Safety, Reliability and Risk Management, 1399–403. CRC Press, 2011. http://dx.doi.org/10.1201/b11433-197.

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Silvius, Gilbert. "Integrating Sustainability into Project Risk Management." In Managing Project Risks for Competitive Advantage in Changing Business Environments, 23–44. IGI Global, 2016. http://dx.doi.org/10.4018/978-1-5225-0335-4.ch002.

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One of the developments that changed today's business environment is the increased concern about the sustainability, or unsustainability, of our society. Silvius and Schipper (2014) identify a growing number of publications that study the impact of sustainability on project management. One of the ‘impact areas' they identify is the identification and management of risk in the project. This chapter discusses the main concepts of sustainability and their implications for project risk management. The main findings are that the integration of the concepts of sustainability imply (1) A broader identification and considering of risks, expanding the orientation on risks to include also environmental and social perspectives and to consider the full life-cycle of the project's deliverable, impact and resources. (2) Inclusion of (potential) stakeholders in a transparent process of project risk management. And (3) Adopting a social, communicative, approach to risk management, as opposed to the calculating, rational approach.
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"Risks and Projects Phases." In Risk Management Strategies in Public-Private Partnerships, 78–114. IGI Global, 2017. http://dx.doi.org/10.4018/978-1-5225-2503-5.ch003.

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This chapter provides the rational for the importance of developing an effective and efficient replica for risks in PPP arrangement in order to optimize measures to handle them. Various attempts have been made to dig up all the risks in the project phases as an alternative service delivery improvement but to date there has been a lack of proper analogies of risks in the PPP project phases. This is also a lack of clear codification for risk of the project phases in the literature to provide useful benchmark mechanisms to improve a particular phase and to share risk optimally. The aim of this chapter is to develop a conceptual replica to comprehend risks in the project phases, and to determine means to advance risk-free PPP project phase. The different case studies will be examined in an effort to simplify the tasks of creating a risk-free PPP projects. In unearthing the melodrama in handling risks in PPP project phases, it is concluded that there is a lack of proper risk sharing formula that make most PPP projects to fail and a lack of emphasis in designing a less risk prone PPP projects.
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Conference papers on the topic "Rational risk management"

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Nathwani, J., and N. Lind. "THE RATIONAL IMPERATIVE OF PROFESSIONAL RISK MANAGEMENT." In 4th International Conference on Computational Methods in Structural Dynamics and Earthquake Engineering. Athens: Institute of Structural Analysis and Antiseismic Research School of Civil Engineering National Technical University of Athens (NTUA) Greece, 2014. http://dx.doi.org/10.7712/120113.4596.c1657.

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Dubois, Daniel M., Stig C. Holmberg, and Daniel M. Dubois. "Adaptive and Rational Anticipations in Risk Management Systems and Economy." In COMPUTING ANTICIPATORY SYSTEMS: CASYS ‘09: Ninth International Conference on Computing Anticipatory Systems. AIP, 2010. http://dx.doi.org/10.1063/1.3527178.

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Wu, Liyu, Minyu Shen, and Ruijie Li. "A Marginal Utility Day-to-day Flow Dynamics for Boundedly Rational User Equilibrium." In Proceedings of the 6th International Symposium on Reliability Engineering and Risk Management. Singapore: Research Publishing Services, 2018. http://dx.doi.org/10.3850/978-981-11-2726-7_cmta02.

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Hatahet, Tareq, and Carsten Koenke. "Rational Framework for Probability of Collapse in Buildings." In Second International Conference on Vulnerability and Risk Analysis and Management (ICVRAM) and the Sixth International Symposium on Uncertainty, Modeling, and Analysis (ISUMA). Reston, VA: American Society of Civil Engineers, 2014. http://dx.doi.org/10.1061/9780784413609.169.

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Palmer-Jones, Roland, Susannah Turner, and Phil Hopkins. "A New Approach to Risk Based Pipeline Integrity Management." In 2006 International Pipeline Conference. ASMEDC, 2006. http://dx.doi.org/10.1115/ipc2006-10535.

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The use of risk based integrity management systems for pipelines is increasing in popularity, and now changes in legislation in the USA require operators to use risk assessment in high consequence areas. The methodologies used range from point scoring qualitative schemes to detailed quantified systems requiring structural reliability analysis, release modelling and post incident behavioural modelling. In the UK a risk based approach to pipeline integrity management has been included in legislation since 1996, and is widely used. Experience with implementing systems and applying them to onshore and offshore pipeline systems has led to the following conclusions: • Point scoring systems cannot replace expert knowledge. • Point scoring systems always need to be modified to suit a particular system and need updating as parameters change. • Detailed automated systems generate a huge number of sections and range of risks. this can be confusing and cannot easily be accounted for in inspection planning. • A clear link between risks and inspection or monitoring is needed. • Simplicity and flexibility are critical. This paper describes a radical new approach to using risk assessment for pipeline integrity management. This new approach focuses on identifying whether hazards are time dependant (e.g. corrosion) or random (e.g. third party damage), and then either estimating a time to failure or a probability of occurrence. These estimates can be based on experience, history, or specific detailed studies. The effect of inspection and monitoring is also considered. This methodology allows the user to manage the risks associated with their pipeline in a way that is flexible, rational, consistent, and can be readily understood by others. It also allows the reasons for decisions regarding inspections to be recorded, and new users to quickly learn the key safety issues for the pipeline.
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Biagiotti, S. F. (Steve), and S. F. (Stephen) Gosse. "Formalizing Pipeline Integrity With Risk Assessment Methods and Tools." In 2000 3rd International Pipeline Conference. American Society of Mechanical Engineers, 2000. http://dx.doi.org/10.1115/ipc2000-104.

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The proper use of risk assessment / risk management principles and tools can help the pipeline operator maintain the flow of pipeline integrity data and the analysis of this data by responsible parties. By the use of an algorithm (series of relationships) the rules for performing a mathematical expression of risk can be established and the attributes identified. These measures may aid in the rational, prioritization of resources and identification of improvement opportunities. Operating companies do a good job of maintaining their pipelines, but the decision as to where to allot resources in some cases may be generally a reactive measure. Advances in Pipeline Risk Management Software and Pipeline Inspection tools now allow a proactive approach to Pipeline Integrity Maintenance. This paper explains some of the risk management tools available to pipeline companies.
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Wu, Haoyan, Ye Xia, Xin Yi, and Pingkuan Sun. "Effects of Median Strip Connecting Twin Bridges on Dynamic Performance." In IABSE Symposium, Guimarães 2019: Towards a Resilient Built Environment Risk and Asset Management. Zurich, Switzerland: International Association for Bridge and Structural Engineering (IABSE), 2019. http://dx.doi.org/10.2749/guimaraes.2019.0643.

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<p>The median strip connecting twin bridges has effects on the rigidity and dynamic characteristics of the bridges, but the effects are usually ignored, resulting in unexpected dynamic performance or even structural resonance. In this paper, the mechanism of median strips as a connection role between twin bridges is analyzed. Finite element models of the twin bridges and median strip are developed to analysis the effects on the overall system. Experimental study of typical twin bridges with a median strip was conducted to explore the relationship between the median strip and the vibration. Based on these analyses, recommendations related to overall structural performance are made to ensure a safe and rational design for twin bridges with median strip especially on dynamic performance in the future.</p>
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Royes, Miquel Morata, Lívia Garcia Gil, Alejandro Pérez Caldentey, Javier Gimenez Vila, Abel Capelastegui Lasso, and Óscar Muñoz Navascues. "Intelligent, sustainable and integrated system of management of structures." In IABSE Symposium, Guimarães 2019: Towards a Resilient Built Environment Risk and Asset Management. Zurich, Switzerland: International Association for Bridge and Structural Engineering (IABSE), 2019. http://dx.doi.org/10.2749/guimaraes.2019.0948.

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<p>In Spain, the national road network comprises over 17.000 bridges and viaducts, besides those managed by local and regional administrations. Many of these structures are very old; however, it was not until the 90s of the XX century that maintenance awareness rose among the society. Inspections are currently carried out visually, on a manual basis, implying low effectiveness and high costs.</p><p>To tackle these issues the SISGES project was conceived and aimed at developing a smart management system capable of making rational decisions regarding the maintenance and repair of existing structures. The methodology that has been followed to achieve this goal is to study the current available technologies, develop a data management structure, develop a monitoring system for each structure, create a structural model while considering interoperability with BIM and finally, develop a management application/software to be used for both technical profile users and general managers.</p><p>The SISGES platform comprises remote inspection technology, which reduces the inspection times and costs while increasing workers’ safety; continuous monitoring technologies, registering displacements, vibrations, temperature and humidity; scanning technologies to create three- dimensional models of the structures and BIM technologies to assign each element with an attribute.</p><p>Overall, this makes an innovative and integrated infrastructure management system in line with available technologies and capabilities while maximizing the efficiency of inspection and monitoring for current and future bridges and viaducts.</p>
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Anvari, Elnaz, Lorenzo Leardini, and Matteo Cont. "SSS.infra Guideline: a new quantitative tool for the performance assessment of civil infrastructure." In IABSE Symposium, Guimarães 2019: Towards a Resilient Built Environment Risk and Asset Management. Zurich, Switzerland: International Association for Bridge and Structural Engineering (IABSE), 2019. http://dx.doi.org/10.2749/guimaraes.2019.1520.

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<p>The function of all infrastructure in organised societies, is to provide for personal security, establish a basis for public health and institutionalise a quality of life equal to the expectations of those it serves. That’s why many accredited rating systems are currently available on the market to assess sustainability of both buildings and infrastructural works. Unfortunately, these protocols are mainly based on a qualitative approach, being difficult to implement in everyday design practice.</p><p>Considering this fact, SSS.infra Guideline has been developed to overtake subjectivity, endorsing a rational evaluation of the achieved performance and promoting a holistic and design oriented technical approach. The aim of this paper is to present the Guideline, showing how sustainability goals can be reached through conventional design stages and presenting the findings of a meaningful pilot project, the Tehran-Shomal Freeway).</p>
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Zhang, Hua, Jinheng Luo, Juanli Chen, Xinwei Zhao, and Guangli Zhang. "Study on Acceptable Risk for Oil and Gas Pipelines in China." In 2010 8th International Pipeline Conference. ASMEDC, 2010. http://dx.doi.org/10.1115/ipc2010-31613.

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Risk assessment is basis to put pipeline integrity management in practice and the acceptable risk level is important criteria to execute risk assessment and constitute maintenance safeguard. So it is very important to establish a rational and practicable acceptable criterion and present a specific acceptable risk level. It is just for this need that the present paper gave a review of all the available research around the acceptable risk level and analyzed various domestic and overseas standards and documentation concerning how to define the acceptable risk criteria. As a result, a criterion suitable for oil and gas pipeline was presented and recommended acceptable risk level was gave.
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