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๐Ÿ“

Enterprise Risk Management Models

โœ Scribed by David L. Olson, Desheng Dash Wu


Publisher
Springer
Year
2020
Tongue
English
Leaves
224
Series
Springer Texts In Business And Economics
Edition
3rd Edition
Category
Library

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โœฆ Synopsis


This book offers a comprehensive guide to several aspects of risk, including information systems, disaster management, supply chain and disaster management perspectives. A major portion of the book is devoted to presenting a number of operations research models that have been (or could be) applied to enterprise supply risk management, especially from the supply chain perspective. Each chapter of this book can be used as a stand-alone module on a respective topic, with dedicated examples, definitions and discussion notes. This book comes at a time when the world is increasingly challenged by different forms of risk and how to manage them. Events of the 21st Century have made enterprise risk management even more critical. Risks such as suspicions surrounding top-management structures, financial and technology bubbles (especially since 2008), as well as the risk posed by terrorism, such as the 9/11 attacks in the U.S. as well as more recent events in France, Belgium, and other European countries, have a tremendous impact on many facets of business. Businesses, in fact, exist to cope with risk in their area of specialization.

โœฆ Table of Contents


Preface......Page 6
Notes......Page 7
Acknowledgment......Page 8
Contents......Page 9
1: Enterprise Risk Management in Supply Chains......Page 10
Unexpected Consequences......Page 11
Risk Context and Drivers......Page 12
Risk Management Responses......Page 13
Models Applied......Page 14
Risk Categories Within Supply Chains......Page 15
Process......Page 17
Mitigation Strategies......Page 18
Conclusions......Page 20
Notes......Page 21
Risk Management Process......Page 25
Risk Matrices......Page 26
Color Matrices......Page 29
Quantitative Risk Assessment......Page 31
Strategy/Risk Matrix......Page 34
Risk Adjusted Loss......Page 36
Notes......Page 38
Hierarchy Structuring......Page 40
Hierarchy Development Process......Page 42
The SMART Technique......Page 44
Plant Siting Decision......Page 46
Notes......Page 50
Case 1: Zhu, Shah and Sarkis (2018)1......Page 51
Case 2: Liu, Eckert, Yannou-Le Bris, and Petit (2019)2......Page 53
Value Analysis......Page 55
Case 3: Khatri and Srivastava (2016)3......Page 56
Case 4: Envinda, Briggs, Obuah, and Mbah (2011)4......Page 59
Case 5: Akyuz, Karahalios, and Celik (2015)5......Page 60
Value Analysis......Page 61
Conclusions......Page 62
Notes......Page 63
Inventory Systems......Page 64
Basic Inventory Simulation Model......Page 65
System Dynamics Modeling of Supply Chains......Page 69
Pull System......Page 73
Push System......Page 77
Monte Carlo Simulation for Analysis......Page 79
Notes......Page 82
Definition......Page 83
Basel I......Page 84
Basel III......Page 85
Historical Simulation......Page 86
Variance-Covariance Approach......Page 87
Monte Carlo Simulation of VaR......Page 88
The Simulation Process......Page 89
Demonstration of VaR Simulation......Page 90
Conclusions......Page 91
Notes......Page 94
7: Chance-Constrained Models......Page 96
Portfolio Selection......Page 98
Demonstration of Chance-Constrained Programming......Page 99
Maximize Expected Value of Probabilistic Function......Page 100
Minimize Variance......Page 101
Maximize Probability of Satisfying Chance Constraint......Page 102
Real Stock Data......Page 103
Chance-Constrained Model Results......Page 105
Conclusions......Page 109
Notes......Page 110
Basic Data......Page 112
Multiple Criteria Models......Page 114
Stochastic Mathematical Formulation......Page 116
DEA Models......Page 120
Conclusion......Page 122
Notes......Page 123
Bankruptcy Data Demonstration......Page 125
Software......Page 126
Decision Tree Model......Page 128
Logistic Regression Model......Page 131
Neural Network Model......Page 132
Summary......Page 135
Notes......Page 138
10: Balanced Scorecards to Measure Enterprise Risk Performance......Page 139
Small Business Scorecard Analysis......Page 140
ERM Performance Measurement......Page 142
Data......Page 143
Results and Discussion......Page 144
Performance......Page 145
Notes......Page 149
11: Information Systems Security Risk......Page 151
Frameworks......Page 152
Security Process......Page 154
Best Practices for Information System Security......Page 155
Supply Chain IT Risks......Page 156
Tradeoffs in ERP Outsourcing......Page 157
Qualitative Factors......Page 158
Multiple Criteria Analysis......Page 159
Scores......Page 161
Weights......Page 162
Value Score......Page 163
Notes......Page 165
12: Enterprise Risk Management in Projects......Page 167
Risk Management Planning......Page 168
Risk Identification......Page 169
Risk Response Planning......Page 170
Project Management Tools......Page 171
Simulation Models of Project Management Risk......Page 172
Governmental Project......Page 174
Conclusions......Page 176
Notes......Page 179
Emergency Management......Page 180
Emergency Management Support Systems......Page 181
Example Disaster Management System......Page 183
Disaster Management Criteria......Page 184
Multiple Criteria Analysis......Page 185
Scores......Page 186
Weights......Page 187
Natural Disaster and Financial Risk Management......Page 188
Natural Disaster Risk and Firm Value21......Page 191
Systematic and Unsystematic Risk......Page 193
Investment Evaluation......Page 194
Risk Management and Compliance......Page 195
Notes......Page 196
14: Sustainability and Enterprise Risk Management......Page 199
What We Eat......Page 200
The Supply Chains that Link Us to the World......Page 201
Sustainability Risks in Supply Chains......Page 203
Models in Sustainability Risk Management......Page 205
Weight Development......Page 206
Scores......Page 207
Value Analysis......Page 208
Notes......Page 209
15: Environmental Damage and Risk Assessment......Page 212
Specific Features of Managing Natural Disasters......Page 213
Framework......Page 214
Cost-Benefit Analysis......Page 216
Conjoint Analysis......Page 218
Habitat Equivalency Analysis......Page 221
Summary......Page 222
Notes......Page 223

โœฆ Subjects


Risk Management


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