scholarly journals Optimization of Costs Function for Prevention of Firms' Industrial Risks With Penalties

Author(s):  
Elena Rostova ◽  
Mikhail Geras'kin
Keyword(s):  
2019 ◽  
Vol 17 (3) ◽  
pp. 10-22
Author(s):  
Vitalii Bezsonnyi

In the absence of uniform and unified requirements for the assessment of industrial risks at an enterprise, the system approach remains the only tool for a comprehensive assessment of the workplace safety. Implementation of Occupational Safety and Health (OSH) system involves identifying, analyzing and reducing risks at the workplace. The purpose of the article is to calculate the minimum expenses for occupational safety measures and minimize production risks identified through the developed procedure for analyzing the hazards of the machine-building enterprise. The research methodology is based on the integrated use of qualitative and quantitative approaches to risk assessment, namely, structured assessment and integral assessment using the “rucksack problem” optimization model. The study identifies the risks that are most common and the most serious ones. The procedure of risk reduction is proposed, which is to determine the minimum costs for achieving each of the integral assessments for the machine-building enterprise. The practical value of work consists in the ability to directly apply the developed methodology for risk assessment at the enterprises of the machine-building industry, and to easily adapt the risk assessment procedure to other conditions.


Cancer-Gate ◽  
2019 ◽  
pp. 279-281
Author(s):  
Samuel S. Epstein

2013 ◽  
Vol 409-410 ◽  
pp. 1515-1523
Author(s):  
Xiao Min Yan

This paper analyzed financial mechanism in handling industrial risks in the light of dissipative system theory that internal and external fluctuations could influence system stability. Internal fluctuations from system factors and external fluctuations from environment could lead a system to diverge its path, and in industrial system an upward path is viewed as opportunity and a downward path as risk. This paper classified risk preventing finance into three types: (1) risks from fluctuations inside industries, including node fluctuations and link fluctuations; (2) risks from fluctuations from adjacent environment; (3) risks from macro-environment fluctuation. This paper demonstrates effects of industrial risk management finance by Lotka-Volterra stochastic differential dynamics equation modeling and numerical simulation method.


Sign in / Sign up

Export Citation Format

Share Document