Insurance Group Risk Management Model for the Next-Generation Solvency Framework

2013 ◽  
Vol 7 (2) ◽  
Author(s):  
Masayasu Kanno
Keyword(s):  
Risk Management ◽  
Management Model ◽  
Next Generation ◽  
Insurance Group

Grid Cyber-Physical System Risk Management Model Based on Cooperative Game Theory

2020 ◽  
Vol 21 (1) ◽  
Author(s):  
Cunbin Li ◽  
Ding Liu ◽  
Yi Wang ◽  
Chunyan Liang
Keyword(s):  
Game Theory ◽  
Risk Management ◽  
Cooperative Game ◽  
Physical System ◽  
Cooperative Game Theory ◽  
Power Grid ◽  
Management Model ◽  
Cyber Physical System ◽  
Model Based ◽  
Generation Power

AbstractAdvanced grid technology represented by smart grid and energy internet is the core feature of the next-generation power grid. The next-generation power grid will be a large-scale cyber-physical system (CPS), which will have a higher level of risk management due to its flexibility in sensing and control. This paper explains the methods and results of a study on grid CPS’s behavior after risk. Firstly, a behavior model based on hybrid automata is built to simulate grid CPS’s risk decisions. Then, a GCPS risk transfer model based on cooperative game theory is built. The model allows decisions to ignore complex network structures. On this basis, a modified applicant-proposing algorithm to achieve risk optimum is proposed. The risk management model proposed in this paper can provide references for power generation and transmission decision after risk as well as risk aversion, an empirical study in north China verifies its validity.

scholarly journals Dynamics of Systems with a Discontinuous Hysteresis Operator and Interval Translation Maps

Axioms ◽  
2021 ◽  
Vol 10 (2) ◽  
pp. 80
Author(s):  
Sergey Kryzhevich ◽  
Viktor Avrutin ◽  
Nikita Begun ◽  
Dmitrii Rachinskii ◽  
Khosro Tajbakhsh
Keyword(s):  
Risk Management ◽  
Invariant Measure ◽  
Invariant Measures ◽  
Interval Exchange ◽  
Management Model ◽  
Closing Lemma ◽  
Symbolic Model ◽  
Metric Properties ◽  
Ergodic Measures ◽  
Maximal Invariant

We studied topological and metric properties of the so-called interval translation maps (ITMs). For these maps, we introduced the maximal invariant measure and demonstrated that an ITM, endowed with such a measure, is metrically conjugated to an interval exchange map (IEM). This allowed us to extend some properties of IEMs (e.g., an estimate of the number of ergodic measures and the minimality of the symbolic model) to ITMs. Further, we proved a version of the closing lemma and studied how the invariant measures depend on the parameters of the system. These results were illustrated by a simple example or a risk management model where interval translation maps appear naturally.

Risk management and healthcare safety: Ten years of experience at the Vienna General Hospital

2018 ◽  
Vol 23 (6) ◽  
pp. 265-268 ◽  
Author(s):  
Leopold-Michael Marzi
Keyword(s):  
Risk Management ◽  
General Hospital ◽  
Health Professionals ◽  
Point Of View ◽  
Positive Trend ◽  
The People ◽  
Insurance Group ◽  
Vienna General Hospital ◽  
Family Contact ◽  
Preceding Communication

We should use the word “Health Care Safety” instead of “Patient Safety,” because in cases of malpractice the people who are in charge of treatment of patients can be “second victims.” The typical damage case occurs to an above-average employee in a risk-prone discipline after working in the job for 20 years often between Friday afternoon and Sunday more often in the months of January, March or July due to a preceding communication error and a missing assertiveness of a person who is involved in the case. Very often, health professionals do not know how to react in case of malpractice or emergency from a legal point of view. The patient or his family contact a lawyer immediately, but who helps the health professionals to cope with the case? The Vienna General Hospital (VGH) is one of the biggest in the world. In 1999, the project “Risk Management” was initiated by the Legal Department. The aim at this time was: “Minus 50% concerning cases and more than 50% less costs in the next ten years (2000–2010).” In 2010, the aim was reached and the positive trend is still continuing, but how did it work? The VGH in cooperation with the Vienna Insurance Group created a complete new form of quick help in case of emergency: the so-called “Legal Emergency Kit.” It represents a handy plastic case on which a paragraph is stamped. A special checklist tells what to do in case of legal emergency. The legal practitioner of the VGH can be called at any time via mobile phone. The malpractice cases are analysed in a retrospective damage analysis, which helps to avoid errors and damages in the future.

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