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The procedure of the aggregation of experts' individual probability estimates for solving probability inference problems in probability trees are proposed. The suggested methodology allows to consider specific forms of uncertainty arising from the process of interaction between the expert judgments. The structure of such interactions may be different in nature — they can be consistent, compatible,...
When pondering on the deployment and business cases of passive optical networks (PONs), dependability risk assessment is starting to play a key role. Not only entailing cost due to repairs or breaching service level agreements (SLAs), dependability risks also cover customer dissatisfaction and large outages affecting operators’ reputation. This paper proposes a risk assessment approach to evaluate...
Faced with a turbulent economic, political and social environment, Companies need to build effective risk management systems in their supply chains. Risk management can only be effective when the risks identification and analysis are enough accurate. In this perspective, this paper proposes a risk assessment approach based on the analytic hierarchy process and group decision making. In this study,...
This paper introduces the basic concept and characteristics of engineering project risk, summarizes the risks of engineering project, points out the types of engineering project risk, applies risk analysis to this kind of risk, expounds the risk management process and related risk management methods of engineering project, and gives the strategies of engineering project risk management.
Risk, existing in various forms during the process of Colleges and Universities' Sci-tech Innovation (CUSTI): the project application period, the project development period and the achievement transformation period, is a vital reason that restricts the innovation at colleges and universities. Fuzzy evaluation model is constructed and empirically operated based on the characteristics of CUSTI's achievement...
Risks such as smuggling of drugs, weapons or commercial fraud highlighted the vulnerability of the Customs supply chain. In fact, the economic, political and social impacts of those risks are highly detrimental to the countries, businesses and the public. Effective risk management in the customs supply chain could not only fulfill the safety requirements but also provide a competitive advantage in...
In his Point argument, "Technical Debt as a Meaningful Metaphor for Code Quality," Israel Gat describes how technical debt changes the software engineering playing field from qualitative assessment of code quality to quantitative measurement. In his Counterpoint argument, "A Useful Metaphor for Risk—Poorly Practiced," Christof Ebert argues that technical debt is a useful...
Microcredit institutions (MCI) are most fundamental channels or ways through which the private capital enters the financial field. MCI supplies an effective financial service for rural micro-enterprises and farmers. Based on the analysis of the environment and risk of MCI, the paper presents approaches for MCI in risk management.
In this paper, an overall analysis was carried out of the factors influencing the safety system of the subway running tunnel, taking the case of Wuhan subway project, and a hierarchy structure model is established. On the basis of the comprehensive evaluating risk of fuzzy synthetic judging model, maximum degree of membership principle and R=P×C, this paper has determined the risk rank of the tunnel...
High risk and high profit are the remarkable characters of enterprise technological innovation. The higher innovation degree is, the higher uncertainty will be. It is very important to analyze entirely all kinds of risk factors which can influence technological innovation and evaluate the process of technological innovation. In this paper, based on the index system of enterprise technological innovation,...
The venture investment is a kind of investment behavior with high-risk. Recognizing the extent of risk in the investment projects can increase the confidence at the venture investment enterprises and projects. This paper analyzes the type and nature of venture investment, deems that market risk and management risk is the center of attention that venture investment focuses on, and also considers that...
Because the financial crisis has increasing influence on the entity economy, domestic banks are facing increasing pressure of risk, management and profits. The perfect risk management is the key to guarantee continuous and stable development of commercial Banks. Therefore, based on the present status of the risk management of commercial Banks in China, discuss risk management of commercial banks,...
Crowdsourcing was defined as the act of taking tasks traditionally performed by an employee or contractor, and outsourcing them to a group (crowd) of people or community in the form of an open call. The legal issues of crowdsourcing is mainly manifested in three aspects: the legal relationship between contract-issuing party and WitKey, the risk of misuse of personal information and the protection...
Recently more and more big projects are contracting by EPC (Engineer-Procure-Construct) model comparing with tradition all contract models. The general contractors face more risk considering particular risk of EPC, especially in the economic crisis environment. A method of fuzzy comprehensive appraisal has been used to appraise its risk comprehensively in order to provide more scientific and rational...
Chinese enterprises overseas mergers and acquisitions (M&As) are conducted in the market context, focusing on the capital operation with the final purpose to increase the value of the enterprises, which determines that risk management system (RMS) should be based on the market to manage the value and be directed by capital. The managing process of M&A risks by RMS is dynamic, during which...
Effectively and efficiently performing business processes is a key success factor for achieving economic entrepreneurial goals. Amongst others, the argument of more stringent cost pressure lead companies to enforce outsourcing activities. Thus, the management of services - both, from the service requester and provider point of view - gained importance. However, considering only economic aspects is...
Cost-benefit analysis has long been used in decision making about public health and security. Frequently, risk and uncertainty are involved, and benefit and cost are not evenly shared by all stakeholders in the activities where public welfare is concerned. The result of cost-benefit analysis may be controversial because it does not consider the conflict of interest among the stakeholders. In this...
Supply chain alliance as a new model of enterprises business cooperation, fair and reasonable mechanism of profit allocation is related to its success or failure. Based on the research at home and abroad, this paper applied fuzzy decision theory into improving traditional Shapley Value and introduced the parameter of integrated corrected factor to present the influences of risk and capital appreciation...
Merger and acquisition is an important component part of capital operation activity, is important means for capital expansion of enterprise and effective mode of actualizing the most optimum distribution of resources. However, as a complicated capital operation activity, the merger and acquisition of enterprise also has great risk. The risk exists in all stages of merger and acquisition activity....
Enterprise risk conduction is the course that a little beginning departure or uncertainty has been transferred to process of operation, because of disturbance of interior and exterior uncertain factors in enterprise. The article firstly establish multi-dimensional characteristics matter-element matrix about subject which can describe the quantitative process of enterprise risk conduction, then discusses...
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