This paper models an economy in which risk-averse savers and risk-neutral entrepreneurs make investment decisions. Aggregate investment in high-yielding risky projects is maximized when risk-neutral agents bear all nondiversifiable risks. A role of banks is to assume nondiversifiable risks by pledging their capital in addition to diversifying risks. Banks, however, do not completely eliminate r...

The risk response development is one of the main phases in the project risk management that has major impacts on a large-scale project’s success. Since projects are unique, and risks are dynamic through the life of the projects, it is necessary to formulate responses of the important risks. Conventional approaches tend to be less effective in dealing with the imprecise of the risk response deve...

The purpose of this paper is using the concepts of value engineering (VE) in evaluating the improvement caused by preventive maintenance (PM) systems in construction project. A real case is used to show how we can implement the proposed method. VE is the systematic application of recognized techniques by multi-disciplined teams that identifies the function of a product or service, establishes a...

in order to study the qualitative, quantitative characteristics of a pure common populus alba stand in polkalleh & a mixed stand of populus alba & populus nigra in karchegan, two 30-year-old stands were selected with a plantation interval ( spacing) of 2.5 × 1.5 m in each of which 30 pcs of 2 are samples were randomly selected. in each sample pc all the trees diameters were measured using a dia...

Risk-related knowledge gained from past construction projects is regarded as potentially extremely useful in risk management. This article describes a proposed approach to capture and integrate risk-related knowledge to support decision making in construction projects. To ameliorate the problem related to the scarcity of risks information often encountered in construction projects, Bayesian Bel...

Risk response planning is one of the main phases in the project risk management and has major impacts on the success of a large-scale project. Since projects are unique, and risks are dynamic through the life of the projects, it is necessary to formulate responses of the important risks. The conventional approaches tend to be less effective in dealing with the impreciseness of risk response p...

The liquidity risk of commercial banks has become an important driver the major risks in modern economic system. This paper synthesizes off balance sheet items which are often ignored traditional bank researches, and uses method tracking comparative analysis different window periods to explore changes possible Chinese before, during after financial crisis. It is found that loan projects, commit...

Ghanaian manufacturing firms face a highly risky environment. Firms may attempt to manage these risks by undertaking production, input, and investment strategies designed to lower profit variability. Mean-variance analysis implies, however, that these strategies involve a trade-off with lower expected profits. This paper investigates the extent to which more risk averse managers who face high r...