TOOLS FOR IMPROVING OPERATIONAL RISK MANAGEMENT IN AGRICULTURE

Collaboration Methods and Tools for Operational Risk Management

Over the past years, various methods and tools have been used by financial institutions (FIs) to support operational risk management (ORM) (Brink, 2002). ORM supports decision-makers to make informed decisions based on a systematic assessment of operational risks (Brink, 2003; Cumming & Hirtle, 2001). By the end of the 1990s many FIs increasingly focused their effort on ORM. This was mainly mot...

Floodwater Harvesting for Improving Dryland Agriculture

Extremes 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...

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...

Technology Risk Management in Agriculture Engineering

The objective of the paper is to propose a risk assessment model for agricultural engineering related to biosafety and security while deploying agriculture information through the latest computing and communication technologies for farmers. The earlier works concentrate much on the biological risk and agricultural risk without focusing on the effects of uncertainty in different computing and co...