scholarly journals Is This Flight Necessary? The Aviation Use Summary (AUS): A Framework for Strategic, Risk-Informed Aviation Decision Support

Forests ◽  
2021 ◽  
Vol 12 (8) ◽  
pp. 1078
Author(s):  
Crystal S. Stonesifer ◽  
David E. Calkin ◽  
Matthew P. Thompson ◽  
Erin J. Belval
Keyword(s):  
Risk Management ◽  
Decision Support ◽  
Management Practices ◽  
The United States ◽  
Department Of Agriculture ◽  
Strategic Risk ◽  
Risk Management Process ◽  
Management Perspective ◽  
Wildfire Suppression ◽  
Strategic Risk Management

Across the globe, aircraft that apply water and suppressants during active wildfires play key roles in wildfire suppression, and these suppression resources can be highly effective. In the United States, US Department of Agriculture Forest Service (USFS) aircraft account for a substantial portion of firefighting expense and higher fatality rates compared to ground resources. Existing risk management practices that are fundamental to aviation safety (e.g., routinely asking, “Is this flight necessary?”) may not be appropriately scaled from a risk management perspective to ensure that the tactical use of aircraft is in clear alignment with a wildfire’s incident strategy and with broader agency and interagency fire management goals and objectives. To improve strategic risk management of aviation assets in wildfire suppression, we present a framework demonstrating a risk-informed strategic aviation decision support system, the Aviation Use Summary (AUS). This tool utilizes aircraft event tracking data, existing geospatial datasets, and emerging analytics to summarize incident-scale aircraft use and guide decision makers through a strategic risk management process. This information has the potential to enrich the decision space of the decision maker and supports programmatic transparency, enhanced learning, and a broader level of accountability.

scholarly journals Effect of Risk Management Practices On Corporate Investment of Financial Institutions in Rwanda: A Case Study of Selected Commercial Banks

2019 ◽  
Vol 4 (4) ◽  
Author(s):  
Emmanuel Byamungu ◽  
Irechukwu Eugenia Nkechi ◽  
Henry Jefferson Ogoi
Keyword(s):  
Risk Management ◽  
Financial Institutions ◽  
Commercial Banks ◽  
Management Practices ◽  
Operational Risk ◽  
Corporate Investment ◽  
Market Risk ◽  
Operational Risk Management ◽  
Strategic Risk ◽  
Strategic Risk Management

Risk management practices are currently a subject of interest and a novel impression beneath research and application by diverse organizations. Nevertheless, there seems much to be debated on this subject in terms of a general strategic risk management practices statement. There is uncertainty like, when there should be a declaration for each principal risk category the organization experiences or should exist a general risk management practices for the organization. A risk management practice is about achieving corporate goals. For many financial institutions (FIs), dual goals exist such as the social and economic perspectives. This study sought to analyze the effect of strategic risk management practices on corporate investment of selected financial institutions in Rwanda. The study aimed at establishing the effect of operational risk management practices, market risk management practices, compliance risk management practices and governance risk management practices on corporate investment in selected commercial banks in Rwanda. The study adopted descriptive research design. The study targeted 95 managers from finance, internal audit, risk compliance and operations departments. The sample size was 77 respondents. The research was conducted using primary and secondary data, which includes survey forms (questionnaires), interviews as well as reports of the targeted institutions. Information for the research were gathered utilizing organized surveys forms that were distributed to the targeted respondents. Narrative information obtained from interviews and open-ended questions in the questionnaire were analyzed using qualitative approaches. Validity and reliability of the instruments were tested using the Cronbach Alpha test retest methods. With the aid of Statistical Package for Social Science version 21.0, both descriptive statistics such as the means, modes, standard deviation, variances and inferential statistics were analyzed. The research revealed that management of operational risk has a constructive effect financial outcomes performance of financial institutions in Rwanda. The study found that there is a correlation between both operational risk management and market risk management and performance of the financial institutions. The research findings revealed that operational risk management (r=0.096, p<0.01), market risk management (r=0.506, p<0.01) and compliance risk (r=0.612, p<0.01) on corporate investments.

Manufacturing reshoring

2019 ◽  
Vol 31 (1) ◽  
pp. 139-159 ◽  
Author(s):  
Francesco Ciabuschi ◽  
Olof Lindahl ◽  
Paolo Barbieri ◽  
Luciano Fratocchi
Keyword(s):  
Risk Management ◽  
Process Model ◽  
Future Research ◽  
Internationalization Process ◽  
Content Type ◽  
Strategic Risk ◽  
Risk Management Process ◽  
Management Perspective ◽  
Managerial Perceptions ◽  
Internationalization Process Model

Purpose This paper aims to theorize on the internationalization process model to explain cases of manufacturing reshoring as decisions taken to manage risk when internationalizing. Design/methodology/approach The paper is of a conceptual nature. Building on the logic of the internationalization process model, the authors extend previous work by focusing on firms’ risk perception (determined by commitment, knowledge and uncertainty as key variables) to explain also reshoring decisions. Findings Four propositions were developed, concerning the likelihood of firms to make manufacturing reshoring decisions. The first two propositions deal with the effects of new risk contingencies, and the other two refer specifically to the effects of managerial perceptions of three different typologies of risk, namely, host-country, home-country and reshoring-process specific risk. Originality/value While reshoring has been discussed mainly on the basis of economic arguments, this paper offers an alternative, behavioural view of this phenomenon as a strategic risk-management process. Therefore, it offers initial steps to theorize about reshoring from a risk-management perspective and, in doing so, opens up a number of avenues for future research.

Risk Management Practices at Higher Educational Sport and Recreation Centers

2002 ◽  
Vol 26 (2) ◽  
pp. 41-49 ◽  
Author(s):  
Aaron Mulrooney ◽  
Alvy Styles ◽  
Eric Green
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
Management Training ◽  
The United States ◽  
Management Program ◽  
Management Policy ◽  
Risk Management Process ◽  
Management Procedures ◽  
Risk Management Program ◽  
Sport Facilities

Risk management is an issue that has been previously addressed in recreation and athletic professions. The litigious nature of today's society requires that risk management procedures and policies be in place in recreation and athletic facilities. An institution that has implemented risk management procedures will better protect itself from costly litigation. This article is a follow-up to a 1997 article by Mulrooney & Green that discussed the overall risk management process and presented a risk management paradigm for recreational sport facilities. The purpose of this study was to examine college recreation facilities to elucidate if risk management procedures were in place in light of Spiegler v. State of Arizona (1996). This case resulted in a $5,000,000 verdict for the plaintiff, a result that might have been avoided with a properly developed and implemented risk management program. The study also examined the importance administrative personnel placed on having a risk management policy, and to what degree risk procedures and risk management training were implemented. A questionnaire designed and validated for utilization in a previous study was sent to 178 Division 1 universities throughout the United States. One hundred and twenty-three respondents completed and returned the survey. Based upon the results of the study, it is evident that the importance of risk management and its impact on liability reduction has not reached the administration of campus recreation and sport programs.

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