High Reliability Organizations and Operational Risk Management
نویسندگان
چکیده
منابع مشابه
Multi-expert operational risk management
Operational risk management is the process of monitoring, evaluating, and changing courses of actions with potential detrimental consequences in real time. In this paper, we extend the decision models proposed in the literature for individual risk managers to account for situations where multiple risk managers are involved. For this purpose, two dynamic and adaptive preference aggregation model...
متن کاملExtremes in operational risk management
Operational risk is defined as a consequence of critical contingencies most of which are quantitative in nature and many questions regarding economic capital allocation for operational risk continue to be open. Existing quantitative models that compute the value at risk for market and credit risk do not take into account operational risk. They also make various assumptions about ’normality’ and...
متن کاملRisk Management in Complex Organizations
e can manage risks only when we can identify them and ponder their possible outcomes. We can manage market risk because we know security prices are uncertain; credit risk because we know companies can default; operational risk because we know missteps are possible in settlement and clearing. But despite all the risks we can control, the greatest risks remain beyond our control. These are the ri...
متن کاملSystemic Risk, Information Technology Artifacts, and High Reliability Organizations: A Case of Constructing a Radical Architecture
“The test of a first-class mind is the ability to hold two opposing views...at the same time and still retain the ability to function.” (F. Scott Fitzgerald) In distributed, complex socio-technical systems, risks increasingly originate from multiple sources, affect multiple agents in diverse ways, and thus become systemic. The traditional linear causal model of risk control and an individual de...
متن کاملSystemic Risk, IT Artifacts, and High Reliability Organizations: A Case of Constructing a Radical Architecture
The test of a first-class mind is the ability to hold two opposing views⦠at the same time and still retain the ability to function." (F. Scott Fitzgerald) In distributed complex socio-technical systems, risks increasingly originate from multiple sources, affect multiple agents with divergent perspectives and thus become systemic. The traditional simple causal model of risk control and an ind...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Brazilian Business Review
سال: 2009
ISSN: 1808-2386
DOI: 10.15728/bbr.2009.6.2.4