Risks can negatively affect not only internal processes within a company and business results but also managerial decisions. One of the preconditions for sound decision-making would be identification specific risks. The primary goal this paper is to create structural model exploring interrelationships among sources risks operational performance SMEs. A survey was conducted in 1,781 SMEs from se...

Management of operational risk is of prime importance in riskmanagement for commercial banks, and many theoretical and practical studies of operational risk management have been carried out. Conditional value-at-risk (CVaR) models based on the peak value method of extreme value theory are used here tomeasure operational risk. Loss data for commercial banks are used in an empirical analysis. Tes...

integrated into all the implementation (development, production, and delivery) and operational processes for systems. It involves more than applying risk assessment methods to identify and evaluate system risks. To explain this broad approach to risk management, this article discusses the way in which “Planguage” (a planning language and set of system engineering methods) contributes to handlin...

We describe a numerical procedure to obtain bounds on the distribution function of a sum of n dependent risks having fixed marginals. With respect to the existing literature, our method provides improved bounds and can be applied also to large non-homogeneous portfolios of risks. As an application, we compute the VaR-based minimum capital requirement for a portfolio of operational risk losses.

Many countries have adopted carbon regulatory policies in pursuit of neutrality, which pose great transition risks for energy-intensive sectors. Using the panel data 186 Chinese listed enterprises sector from 2007 to 2019, this study investigates impact green technology innovation on corporate operation risks. Empirical evidence shows that can effectively reduce their operational by participati...

the safety of hydrogen generation facilities is the main concern in their process operation. this study was conducted to identify the hazards and evaluate the risks of a hydrogen generation plant. for this purpose, prha (process hazard analysis) was applied for hazard identification while lopa (layer of protection analysis) was used for risk assessment. the study was conducted in the hydrogen p...