An acquisition strategy is a top-level roadmap that focuses on highlighting and managing risks to a successful outcome. Business requirements for supporting work processes require integration across multiple systems, spanning multiple business or organizational units. This operational context incorporates significant new sources of risk, such as a large and diverse user community and increasing...

This paper reports the results of a study of three successive IT outsourcing contracts at British Petroleum (BP). We offer an operational definition of IT outsourcing risk and use it to assess the risk exposure associated with each contract. We then examine how the management at BP dealt with outsourcing risk. Our results show that careful and deliberate risk management can substantially attenu...

Introduction: The effects of accidents vary from minor injuries to fatalities and from insignificant damage to severe damage to the environment and property. In order to prevent accidents in the work place, the root causes of and events should be identified using a systematic method and the results should be published. The current study aims to investigate the given causes of an accident in ord...

a r t i c l e i n f o Operational risk is increasingly being recognised as a significant area of risk and regulation, yet there exists relatively little research on it. In this paper we show that operational risk represents a fundamental risk to option hedging and investigate it by proposing a new theoretical model. We derive an exposure indicator for the operational risk of option hedging and ...

This study concentrates on designing a medical waste management system with a hierarchical structure, including a local government and a waste management planner. The upper-level seeks to design and control the waste management facilities by minimizing the environmental risks related to the disposal of medical waste. While the lower-level model is to determine the waste collection plans by only...

The investment interests in the electricity industry are transmitted through various mechanisms to other economic activities. This paper considers methods for esteeming the adaptability of demand-side response (DSR) in its capacity to react to future uncertainties. The capacity to evaluate this adaptability is particularly critical for vitality frameworks speculations given their extensive and ...

This paper studies the risks and uncertainties surrounding global food supply chains and finds that “scenario planning” which is a popular tool used in other sectors for risk identification, is less widely used to indentify risks within global food supply chains. Presented in this paper is a review of available literature and a discussion with regards to the feasibility of using scenario planni...