Technology Risk Management Research Articles

The Research on Bridge Engineering Risk Management and Assessment Model Based on BP Neural Network

Bridge engineering risk research is an important part of bridge engineering management. This paper establishes the risk indicators system of bridge project, and then introduces BP neural network theory into bridge risk evaluation. By using the neural network toolbox of MATLAB, a risk assessment model of BP neural network is bulit. The validity and feasiblility of the risk evaluation model is verified by a practical example.

One Health Approach in Traditional Milk Production as a Part of Steps towards SDGs

The production of milk and cheese assumes activities in the field of agricultural production, veterinary health, and the use of milk and dairy products has public health significance, and can be viewed through the "one health" concept. The aim of the paper is to underline public health and sustainability significance of interconnection among agriculture, veterinary and technology. Production of hard cheese with added value from milk produced in organic and self-sustaining systems research the risks, advantages and possibilities of traditional cheese production and focused on creating conditions for organic milk and hard cheese with added value production, with precisely defined conditions: isolating land plots, livestock farms and processing facilities from possible sources of pollution, water quality, harmonized development of plant and animal production and the capability of producers for organic agriculture with the obligation to constantly innovate knowledge. The new products ensure the employment and livelihood of people in the countryside, the economic prosperity of small family farms, link the activities in the field of veterinary health and agricultural production, contribute to the development of risk-management technology, healthy chooses and compatible with SDGs. 
 Keywords: One Health approach, Traditional Milk Production, sustainability, Healthy Choices, SDGs

Risk management, firm reputation, and the impact of successful cyberattacks on target firms

We develop a model where a firm has an optimal exposure to cyber risk. With rational, fully informed agents and with no hysteresis, a successful cyberattack should have no impact on a financially unconstrained target's reputation and post-attack policies. In contrast, when a successful attack involves the loss of personal financial information, there is a significant shareholder wealth loss, which is much larger than the attack's out-of-pocket costs. This excess loss is higher when the attack decreases sales growth more and lower when the board pays more attention to risk management before the attack. Further, an attack decreases a firm's risk appetite, as it beefs up its risk management and information technology and decreases the risk-taking incentives of management. Finally, successful cyberattacks adversely affect the stock price of firms in the target's industry. These results imply that successful attacks with personal financial information loss provide adverse information about cyber risk to target firms, their stakeholders, and their competitors.

Combined Fourier-wavelet transforms for studying dynamic response of anisotropic multi-layered flexible pavement with linear-gradual interlayers

The objective of this study is to develop an analytical solution for studying dynamic response of anisotropic multi-layered flexible pavement with linear-gradual interlayers under a harmonic moving load. In this study, the flexible pavement structure is simplified as one multi-layered flexible system, which is assumed to be a semi-infinite medium. A new approach combining the Fourier transform with the wavelet transform for solving the dynamic analytical solution. The wavelet transforms for solving inverse Fourier transform, in solving the solution in the physical domain, is superior to the conventional inverse Fourier transform. The linear-gradual interlayer between the adjacent layers is defined using the shear spring model, and the anisotropic property is simplified as transverse isotropy. Also, in the dynamic analytical solving processes, the motion in the transversely isotropic medium is decoupled into in-plane motion and out-of-plane motion because of the propagation of the waves in a transversely isotropic medium with coupling phenomena. The corresponding analytical solution is entered into a MATLAB-based computer program, which can compute the dynamic responses of an anisotropic multi-layered medium at different interlayer conditions. The accuracy of this program is confirmed through comparison with the results from the examples from the references. The influence analyses of linear-gradual interlayers and anisotropic properties of structural layers are illustrated. It is concluded that the proposed analytical solution-based computer program could be used in the multi-layered flexible pavement structural design and risk management in civil engineering.

Impact database application for natural and technological risk management

Abstract. Impact database development and application for risk analysis and management promote the usage of self-learning computer systems with elements of artificial intelligence. Such system learning could be successful when the databases store the complete information about each event, parameters of the simulation models, the range of its application, and residual errors. Each new description included in the database could increase the reliability of the results obtained with application of simulation models. The calibration of mathematical models is the first step to self-learning of automated systems. The article describes the events' database structure and examples of calibrated computer models as applied to the impact of expected emergencies and risk indicator assessment. Examples of database statistics usage in order to rank the subjects of the Russian Federation by the frequency of emergencies of different character as well as risk indicators are given.

Determinants of Credit Risk : The Case of Selected Commercial Banks in Ethiopia

Risk assessment is the careful analysis and evaluation of the diverse factors that can bring risks. Risk assessment provides the banks an opportunity to determine the vulnerabilities and risk associated with a banking system. The aim of this study is to assess determinants of credit risk in selected commercial banks in Ethiopia. To this end, secondary data from ten commercial banks over the period 2010 to 2017 were collected from the audited financial statement of the selected banks available in the National Bank of Ethiopia. The assumption tests were made and indicate the fitness of data for further tests and also the post estimation tests recommend pooled ordinary least square for the regression analysis. The result indicated that predictor variables like efficiency ratio, return on equity and bank size have statistically significant positive effects on the dependent variable (credit risk). In addition, the study showed that capital adequacy had statistically significant negative effect in predicting the dependent variable, credit risk. However, predictor variables like return on asset, leverage and loan to deposit ratio didn’t make any statistically significant effect on credit risk. Finally, it was recommended that, commercial banks in Ethiopia are advised to become more effective, in management to use funds contributed by shareholders, in spending sufficient resources on analyzing loan application, introduction of modern risk management technology, that are believed to improve the effectiveness of commercial banks in Ethiopia.

Strengthening technology risk management in mobile money lending

Innovative mobile money services have grown tremendously in the East African market. While there are positive effects of technology-enabled financial inclusion, risks exist. This study sought to strengthen the capacity of technology risk management by proposing practices and strategies that can protect the financial technology ecosystem. Applying the ISACA Risk IT Framework, data was collected in June 2019 from the leading digital lenders in Kenya. The study found that while regulated mobile lenders have an IT risk management environment that is viewed as a critical success factor, unregulated entities have minimal integration of IT risk management essentials. This study is useful to many developing countries where governments are working towards having secure and strong financial systems that contribute to the Millennium Sustainable Development Goals. Regulators and practitioners must ensure the financial technology lending ecosystem is protected from risks that could reverse gains made from witnessed developments in financial inclusion.

Risk-management technology as an element of the economic security system of a business entity

Methods. The results were obtained through the use of the following methods: theoretical generalization – to substantiate the main provisions of the definitions «economic security», «economic security system» and «risk management»; analysis and synthesis – to highlight the main directions for assessing tools for managing the economic security of an enterprise and risk management; classification – to systematize the threats that an enterprise may face in the course of its activities. Results. The article examines the place and role of risk management technology in the system of ensuring the economic security of an enterprise. The essence of economic security is considered, its priority goals are identified, and a multilevel system of economic security of an enterprise is built. A systematization of threats has been investigated, which simplifies the accurate identification of each type of threat and reveals the potential for effective threat management through the application of appropriate methods. An algorithm for assessing management tools for the economic security of an enterprise and an algorithm for risk management have been developed. The use of financial engineering tools in risk management is analyzed. Modern financial innovative instruments have been investigated. Novelty. The study established that traditional approaches to reducing risks under unstable environment are ineffective. The relationship between the economic security of a business entity and financial engineering has been substantiated, and the use of innovative tools for risk management has been proposed. Practical value. Ensuring the economic security of an enterprise is an urgent goal of management, the achievement of which becomes vital under unstable external environment. Today, taking in account the crisis situation, innovative technologies and risk management tools are of particular importance. Organizations must have an arsenal of innovative tools to be able to build an effective risk management system that is adapted to changes in the external environment, which will help to achieve a state of protection of the enterprise from the negative impact of threats.

The Impacts of Technology Management on Product Innovation: The Role of Technological Capability

Despite the growing importance of management practices, few studies have empirically examined the influence of technology management on product innovation, especially in the presence of technological capability. This article explores how technology management relates to product innovation through the contingency role of technological capability. The results of correspondence analysis to test the proposed hypotheses showed that the technology management practices that are closely associated with product innovation performance are not identical in different technological capability stages. In the low technological capability stage, information management, equipment management and fund management have greater correlations with product innovation performance; in the medium technological capability stage, human resource management, organization management, quality management and standardized management have greater correlations with product innovation performance; in the high technological capability stage, cultural management, achievement management, and risk management have greater correlations with product innovation performance. The research results theoretically deepen the understanding of how technology management exerts its impact and provide theoretical guidance for the improvement of product innovation performance for firms in different technological capability stages.

Financial Statement Analysis and Investment Decision Making in Commercial Banks: A Case of Bank of Kigali, Rwanda

This research analyzed the contribution of financial statements in investment decision making of banks in Rwanda taking the case of bank of Kigali. The study ascertained benefits of financial statements analysis; it analyzed obstacles of investment decisions faced by Bank of Kigali; and it established the correlation of investment decisions and financial statements analysis of Bank of Kigali. This study is significant to different beneficiaries, such as researcher, other researchers and National Bank of Rwanda. Both a descriptive and a correlational research design were adopted and quantitative and qualitative methods were used 0.126 managers were targeted and 96 managers were sampled and a stratified random sampling technique was utilized in bank of Kigali. Data from the field was collected using questionnaire and a documentary analysis where financial reports of the bank from 2014 to 2018 were analyzed. This research used correlation analysis and SPSS version 22.0 for analysis. The finding revealed that holding independent variables constant to a constant zero, short term investment decision would be at 0.266 for common size analysis while the most significant p-value was 0.008. The finding revealed that holding independent variables constant to a constant zero, Vertical analysis would be at 0.215 for horizontal analysis and element enhanced ratio analysis in the term investment decision limited by a factor of 0.001 correlated with the long term investment decision. It is concluded that understanding financial statement analysis provides that is very important to those who have the businesses as tools for reducing the considerable risks involved in starting and growing the business. Financial status of Bank of Kigali need to be maintained through the enhancement of good flow of deposits, savings and repayment arrangements to enable it serve its members while enhancing quality decisions for better service provision and also there is a need to invest in business, technology, product development, training and effective risk management systems that may be facilitated by bold decisions for the life of the company. It is also recommended to always mitigate risks while enhancing innovations and development.

Improvement Strategy of Farmers Well-Being for Sustainable Agricultural Industry

This research aims to build a framework for strategies to improve the welfare of farmers, related to the condition of farmers, agricultural stakeholders, strategies carried out, and performance measures, to provide an overview of strategic management trends in improving welfare. farmer. This research relied on library studies from articles on socioeconomic aspects and agricultural policy in Indonesia. Institutional, commercial, agricultural production, agricultural commodity needs, agricultural regulation, finance, risk management, social demographics, agricultural technology, ecology, are conditions that affect the welfare of Indonesian farmers. Identified farmer welfare strengthening strategies are intensification, extensification, business diversification, marketing and supply chain management, partnerships and institutions, technology adoption, risk management and finance. The implementation of this strategy requires synergy of agricultural stakeholders: central and regional governments, industry, commodity traders, financial institutions, cooperatives, and agricultural institutions. Measures of performance of these strategies are increased productivity, cost reduction, product quality improvement, broader market access, financial stability, risk protection, better working conditions, differentiation of sources of income, and environmental sustainability.

The risk-based approach to water management, and major challenges in the mining industry - ESG and the economics and ethics

SYNOPSIS The risk-based approach is the only approach that views the full spectrum of risk, following transparent international guidelines (ISO 31000) which can add value. It is also the only truly holistic approach that includes all stakeholders. Mining is now under the spotlight as never before owing to open-pit and tailings failures, and also general activist perceptions that can affect investment and operations. It must be seen to reduce the range of risks and the effects that are the consequences of its operations. The key lies in the integrated solution that includes risk management, new and resilient technology, effective procedures, the provision of real-time ground truth, and the ability to act fast. This is now possible due to advances in the IoT and automation. The display of actionable ground truth-based data that can trigger a tested and speedy response is not a luxury, but a necessity. There is now the ability to automate that response, reducing risk even further. A leading authority has recommended that the most effective approach is risk-informed safe design. The issuing of the Global Tailings Standard in August 2020 will also exert pressure for this matter to be addressed more effectively than hitherto. The risk-based approach is cost-effective and can deliver added value, not only for more effective operational management, but also with regard to oversight for ethical investment following IFC Guidelines and the Equator Principles, as well as any other compliance requirements. This paper describes the methodology to be followed and the possible solutions that could result. The technical communications element was developed in conjunction with providers. It also covers the economic and ethical benefits of following this course of action, and implicitly the costs of not doing so. Keywords: water management, tailings, open pit, risk-based approach, best practce.

Анализ и оценка эффективности управления рисками в авиационной деятельности

Innovative technologies of risk management in aviation activities are considered. The purpose of the research is determined by the need to form a qualitatively new approach related to the creation of a risk management system that allows the active use of modern digital technologies. Risk analysis includes procedures for identifying risk factors and assessing their significance. Risk management plays a particularly important role in aviation activities and requires a consistent and systematic process of objective analysis and assessment using reactive and proactive methods and techniques. It is shown that risk management is a structured approach and systematic actions aimed at achieving a balance between identified and assessed risk, as well as practical risk reduction. Two main elements should be considered in the process of risk research: hazard identification, i.e. identification of undesirable or adverse events, and analysis of the causes that cause these events and may cause harm. The article describes a conceptual approach to risk management in aviation activities, which is the basis for implementing the principles of operational management of the air transport security system, and provides recommendations for the analysis and assessment of risk events. To improve the effectiveness of the security management process, indicators are defined and a methodology for risk assessment and management is proposed.

Risk Management in Information Technology

Risk management in information technology is the research problem in my essay. Research has shown that business risks related to information technology risk management can be considered and adopted within an organization or enterprise. The study has been demonstrated that some organizations have a well-laid enterprise risk management set out. In this case, therefore, risk management is seen as part of enterprise risk management. The study will also further expound on the risk management methodology, which constitutes a generic framework. The framework must, therefore, be considered as a risk management exercise. Based on a review of literature, the risk management procedure has taken into account risk assessment that ENISA has over time, reviewed the process to parameterize the entire risk management process. Risk identification states that there can be potential losses when threats, assets vulnerabilities, consequences, and related business processes are not considered. Therefore risk management in information technology must revolve around integrating risk management through the system development life cycle. The process cannot be termed as complete if risk management methods are not considered. In 2006, the threat sketch started a cybersecurity risk assessment that targeted small companies. In this study, the methodology uses real options, to prioritize and forecast a list of fixed high-level threats.

Strengthening technology risk management in mobile money lending

Strengthening technology risk management in mobile money lending

Optimal risk management technology as a tool for ensuring the reliability of solutions made in the digital economy

Optimal risk management technology as a tool for ensuring the reliability of solutions made in the digital economy

Urban Housing Construction: International Experience of Investment Attraction

The main hurdle for the expansion of housing construction is the lack of financial resources at the beginning of the investment cycle, thus making it necessary to borrow and take out loans. Housing construction is extensive in developed countries due to well-established and reliable investment mechanisms, primarily through bank loans. Conversely, funds are lent in Russia at high interest rates, while weak risk management technologies and loopholes in the assessment of technical factors of investment construction projects restrict possibilities of domestic banks. The study aims to analyze international experience of drawing investment in urban housing construction. In the article, we analyzed scientific books about how to draw investment in housing construction. We have determined main features of investment models for housing construction and investment models for housing construction that are in use abroad.

Optimization of diagnostic system of hand diseases in employees working under combined effects of vibration and physical overloads

The results of research carried out by theFederalScientificCenterfor Medical and Preventive Technologies of Public Health Risk Management Technologies for the period 2013–2018 showed that diseases associated with the combined effects of vibration and physical overload, employees of hazardous industries develop with experience of 15 years or more. The risk group is women older than 35 years and men older than 40 years. Pathology at the stage of detailed clinical manifestations is characterized by persistent pain syndrome, and, as a consequence, a decrease in the ability to work of workers.The aim of the study was to optimize the system of diagnosis of hand diseases in workers of industrial enterprises engaged in labor activities under the combined effects of vibration and physical overload, for the development of primary prevention programs.The observation group consisted of 32 employees aged 39.3±4.3 years, with an experience of 17.4±4.3 years; the comparison group consisted of 30 employees whose working conditions are not related to the studied factors; the average age was 40.6±3.4 years, experience was 19.1±3.1 years. The examination included analysis of the results of a special assessment of working conditions; assessment of neurological status; functional tests; laboratory studies (assessment of inflammation), hand dynamometry, stimulation electroneuromyography; x-rays of the hands and wrist joints, ultrasound examination of the hands.More than half of the surveyed persons of the observation group and 3/4 of the workers of the comparison group did not make complaints. Indicators of dynamometry of workers in both groups corresponded to physiological norm (p>0.05). Analysis of the results of dynamometer with data from previous years of PMO showed a decrease in strength of muscles of the hand leading hands on 2je,0–16. 7% and from 83.3% of the employees of the monitoring group and in 44.4% of the comparison group (p<0.05), in 50 % of the cases there was a decrease in the percentage of changes in the hand force variation (HFV) in the observation group, and in 38.9% of the cases the indicators remained unchanged. According to ultrasound of the hands, signs of tendinopathy were established in 85% of the employees of the observation group in the absence of persons with similar changes in the comparison group.In order to optimize the diagnosis of diseases of the hand in industrial workers who carry out their work under the combined effects of vibration and physical overload, in the case of a decrease in the rate of carpal dynamometry by 5% or more during the year, it is recommended to conduct ultrasound of the tendon-ligamentous apparatus of the hand, which will allow timely identification of early signs of tendinopathy.

Expert Technology for Risk Management in the Implementation of QRM in a High-Tech Industrial Enterprise

Abstract In modern conditions, management technology is becoming the main instrument of competition in many areas of production and business. The article focuses on the examinations of issues related to the possibilities of introducing an integrated risk management system in modern high-tech enterprises. The main scientific research methods are bibliographic analysis, formal logic methods, comparative analysis, methods of analogies. Based on the application of the guidelines of systems’ theory, of the theory of self-organization, the theory of risk management, and the theory of reflexive control the expert technology for risk management in a high-tech industrial enterprise was developed. As a result of the study, it was revealed that the use of technologies such as the ETRM will help to increase the feasibility and effectiveness of implementing complex projects such as fast-response QRM production.

Evaluación del contexto organizacional en la gestión del riesgo de tecnología de información con un enfoque basado en COBIT

Information and Communication Technologies (ICT) have become fundamental tools to support business processes. However, its incorporation has brought new and sophisticated threats and vulnerabilities. Therefore, Information Technology risk management is a determining factor to ensure business continuity. One of the first activities that must be addressed in risk management is the evaluation of the organizational context, which results in an understanding of the company around its strategy to manage risks and the role that employees have in the needs of control. This article defines a set of indicators based on COBIT enablers Processes to determine the level of maturity of the organizational context for risk management. Additionally, a strategy focused on human resources for the threats and vulnerabilities evaluation is proposed. The results of its application made it possible to verify that although be defines risk management politics, more than 70% of employees do not fully implement them, so evaluating the organizational context periodically and with clear indicators is essential.