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Todays' world is based on two main dimensions: a real one and cyber one that are mutually connected and interdependent. People's business and private lives use cyber space on a daily basis. Counties' economies with private and public sector companies use the Internet for their business and operation. However the systems connected to the Internet are subject of multiple threats that may cause not only...
In traditional risk analysis approaches, emphasis is put on quantitative analysis of accident probability and consequences but no effective multiple analysis results are obtained with risk perception of the public taken into consideration. Usually, analysis results used by the governmental organizations for land planning in risk areas are the results base on the experts' quantitative analysis. The...
The construction industry is plagued by risk and often has suffered poor performance as a result. The construction of Bohai cross sea channel is a comprehensive transport construction with great significance. In order to evaluate the risk of Bohai Strait Cross-sea Channel, the method of fuzzy risk analysis was applied. Based on the epistemic or knowledge-based uncertainty, the paper adopts the method...
The primary purpose of this paper is to demonstrate that a range of proposed government actions can and often should be evaluated in a way that includes their effects on personal freedoms. This is illustrated in the case of efforts directed toward recreational boating safety in the United States, and evolves from a multi-year study to recommend the composition of an appropriate risk management system...
After the finance crisis, China's aviation industry has entered a reform period with rapid development. In face of the severe international situation, the self optimizing development of China's aviation industry has to be realized in a circumstance of capital market. The optimization and reorganization of the aviation industry basing on capital market will face many risks and challenges from the market...
Following the bankruptcy of the Industrial Bank and the huge loss of China Aviation Oil (Singapore), Lehman Brothers searched for bankruptcy protection. The incident was not simply due to the inherent risks in derivative financial instruments, while the deeper reason was there had no good risk preventions at the macro-micro level. So, there is a need to build a comprehensive and good risk prevention...
Public infrastructure project is a complex social network that connects the interesting of governments, financial institutions, and construct and supply industries. Risk management influences the success of the project. Risk Identification is a key step in risk management. This paper takes Chinese city public infrastructure projects as the research background, uses VFPE-method to identify the key...
Project evaluation system has a significant effect on the decision-making of IT project. IT project evaluation exists throughout all the phases of the IT project, including IT project preparation period, IT project construction period and IT project operation period. On the basis of analyzing the significance, necessity and the characters, this paper did a systematic study on the evaluation system...
Attributing the frequent occurrences of major safety accidents in Chinese social and engineering system to related the moral deficiency of concerned persons responsible and to expect problem solving by replacing all levels of leaders is an attempt to reduce non-systematic risks to solve the problem of systematic risks, which may plunge the safety supervision system into a mire of ldquosuperficial...
Agent-construction system is an innovative management method for the Chinese government in delivering public project, in which the government client choose a professional company to undertake the managing responsibilities of investment and construction, and hand over to the user party when the project completed. In agent-construction system, the agent (the professional company) implements the developer's...
The market of e-government outsourcing in China has not been yet mature. So there are some problems and risks arising that can not be neglected. This article identified the risks in e-government outsourcing by the method of flow chart. Then this article divided the risks into two parts including the risks from government behaviors and the risks leaded by the contractors. Based on the risk analysis,...
As one of the significant reform methods to improve the management level of government investment project, agent-construction system has been applied in many places. During the process of agent construction, agent assumes considerable risk. This paper identifies the main risks of agent. Based on the analytic hierarchy process method, the main risk and relative influence factors are analyzed and evaluated...
This paper makes a theoretical and practical study on enterprise risk management based on combination of risk management theory and actual case. The article uses relevant theory and methods to analyze the risk management result of the SHELL ENTERPRISE case, and summarizes systematically the process and functions of risk identification, risk analysis, risk management and risk control, which is reference...
Through using the combination method of questionnaire and analytic hierarchy process, the author pointed out the risk factor's significance order of the town water supply BOT project in China and presented quantitative targets of risk evaluation based on the risk identification. Thus, this paper can supply the gist for managing risk scientifically and effectively.
VaR method is the mainstream technology to measure market risk in the current international financial field. As one of the basic VaR methodologies, Historical Simulation Method (HS) is effective and widely accepted and adopted by many international financial institutions and governments. However, there are still many aspects to improve it. This paper brings forward a modified VaR model based on historical...
This paper analyzes the development of private equity in China, and points out that the risks of PE contains inherent risks including adverse selection and moral hazard, and external risks including the executive risks, legal risks and withdrawal risks. Furthermore, this paper puts forward risk-preventive methods and suggestions, where the government shall spare no efforts to perfect laws and regulation,...
This article identifies and analyzes operational risks for farmerspsila associations in Taiwan, revealing the relationship between risk and operational efficiency. Using the concept of risk management, this paper identifies five types of operational risk currently affecting farmerspsila associations: external environmental risk, financial risk, organizational risk, leadership and decision-making risk,...
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