Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Operational failures occur in all industries with consequences that range from minor inconveniences to major catastrophes. Many organizations have implemented ...

risk without thinking about technology risk. Workflow-based applications, system-driven notifications and databases with web front ends are proliferating, and they make operational processes indistinguishable from the systems on which they run. A failure in the process of creating a loss event can almost inevitably be tracked down to a technology control that was not designed well or that faile...

Rising air travel demand, airport capacity issues, and schedule disruptions form part of the challenges that aviation stakeholders have to face in upcoming decades. Minimizing ground times is one their recent objectives as extended induce operational, economic, environmental risks. The flow operations has a high impact on overall transportation system. Therefore, risks passenger transport were ...

This study proposes a bi-objective mixed possibilistic, two-stage stochastic programming model to address supplier selection and order allocation problem to build the resilient supply base under operational and disruption risks. The model accounts for epistemic uncertainty of critical data and applies several proactive strategies such as suppliers’ business continuity plans, fortification of su...

The insider threat has been framed as protection of the network from insiders whose threat level may be unknown to the organization. In this paper, we propose a Budget-Based Access Control Model to mitigate the insider threat. We provide an order of magnitude price for every access right and assign each individual user a risk budget. The price for access is then personalized based on the observ...

Enterprise Risk Management (ERM) is a structured and coordinated approach for identifying, assessing, managing risks faced by an organization. Implementing ERM standards frameworks has several benefits, including improving focus perspective on risk. aids in developing leading indicators to detect potential risk events provide early warning signals. also incorporates key metrics measurements of ...