scholarly journals Environmentally Influenced Risk and Sustainable Management of State Controlled Transportation Assets

2021 ◽  
Author(s):  
Wael A. Zatar
Keyword(s):  
United States ◽  
Risk Management ◽  
Organizational Behavior ◽  
Asset Management ◽  
Sustainable Management ◽  
The United States ◽  
Trade Offs ◽  
Allocation Process ◽  
Transportation Assets ◽  
Transportation Agencies

Federal and state transportation agencies across the world face a multitude of challenges to effectively maintain cost-effective core maintenance programs for managing a safe, yet sustainable transportation assets’ program. The decision-making process involves several risk factors, and the prioritization of these factors could considerably affect both the level of utilization of these assets, as well as short- and long-term management protocols and plans for these agencies. The Moving Ahead for Progress in the 21st Century Act requires each state Department of Transportation in the United States to have a risk-based asset management plan in place to preserve the condition of their assets and improve the performance of the National Highway System. Many transportation agencies lack the financial and human resources to achieve their targets, and therefore they may opt to make trade-offs, lower targets, and perhaps drop some important objectives. Trade-off decisions can become clearer when objectives and targets are viewed through the lens of which options reduce the top-priority risks, such as reduced risk to safety, asset performance, or future costs. This chapter primarily focuses on emphasizing the importance of risk management in transportation networks and demonstrating the relationship between environmentally influenced risk management and sustainable management of state-controlled transportation assets in the United States. Several key parameters including risk assessment, financial risk and organizational behavior are addressed. Successful examples demonstrating how transportation agencies have identified how to best address a given risk, and in turn impact the resource allocation process are provided.

Winning the Argument and Moving the Fight: The Legacy of a Grassroots Humanitarian

Public Voices ◽  
2016 ◽  
Vol 14 (1) ◽  
pp. 115
Author(s):  
Mary Coleman
Keyword(s):  
Higher Education ◽  
United States ◽  
Winning Strategy ◽  
Supreme Court Decision ◽  
The United States ◽  
Colleges And Universities ◽  
Lessons Learned ◽  
The Political ◽  
Political Actors ◽  
Trade Offs

The author of this article argues that the two-decades-long litigation struggle was necessary to push the political actors in Mississippi into a more virtuous than vicious legal/political negotiation. The second and related argument, however, is that neither the 1992 United States Supreme Court decision in Fordice nor the negotiation provided an adequate riposte to plaintiffs’ claims. The author shows that their chief counsel for the first phase of the litigation wanted equality of opportunity for historically black colleges and universities (HBCUs), as did the plaintiffs. In the course of explicating the role of a legal grass-roots humanitarian, Coleman suggests lessons learned and trade-offs from that case/negotiation, describing the tradeoffs as part of the political vestiges of legal racism in black public higher education and the need to move HBCUs to a higher level of opportunity at a critical juncture in the life of tuition-dependent colleges and universities in the United States. Throughout the essay the following questions pose themselves: In thinking about the Road to Fordice and to political settlement, would the Justice Department lawyers and the plaintiffs’ lawyers connect at the point of their shared strength? Would the timing of the settlement benefit the plaintiffs and/or the State? Could plaintiffs’ lawyers hold together for the length of the case and move each piece of the case forward in a winning strategy? Who were plaintiffs’ opponents and what was their strategy? With these questions in mind, the author offers an analysis of how the campaign— political/legal arguments and political/legal remedies to remove the vestiges of de jure segregation in higher education—unfolded in Mississippi, with special emphasis on the initiating lawyer in Ayers v. Waller and Fordice, Isaiah Madison

scholarly journals Crop Insurance and the New Deal Roots of Agricultural Financialization in the United States

2020 ◽  
Vol 21 (3) ◽  
pp. 648-680
Author(s):  
SHANE HAMILTON
Keyword(s):  
United States ◽  
Risk Management ◽  
Social Insurance ◽  
Crop Insurance ◽  
The United States ◽  
The Great Depression ◽  
Before And After ◽  
Private And Public ◽  
The 1960S ◽  
American Agriculture

A range of private and public institutions emerged in the United States in the years before and after the Great Depression to help farmers confront the inherent uncertainty of agricultural production and marketing. This included a government-owned and operated insurance enterprise offering “all-risk” coverage to American farmers beginning in 1938. Crop insurance, initially developed as a social insurance program, was beset by pervasive problems of adverse selection and moral hazard. As managers and policy makers responded to those problems from the 1940s on, they reshaped federal crop insurance in ways that increasingly made the scheme a lever of financialization, a means of disciplining individual farmers to think of farming in abstract terms of risk management. Crop insurance became intertwined with important changes in the economic context of agriculture by the 1960s, including the emergence of the “technological treadmill,” permanently embedding financialized risk management into the political economy of American agriculture.

scholarly journals A Comparative Survey Of Capital Investment Decision Practices In The United States And The United Kingdom

2011 ◽  
Vol 1 (11) ◽  
Author(s):  
Thomas Klammer ◽  
Neil Wilner ◽  
Jan Smolarski
Keyword(s):  
United States ◽  
Risk Management ◽  
United Kingdom ◽  
The United States ◽  
Capital Expenditures ◽  
The United Kingdom ◽  
Management Techniques ◽  
Comparative Survey ◽  
The Uk

Capital expenditures can be crucial to firms long-term success, especially in a complex global environment. As companies increasingly compete in the global market place, it is important to study project evaluation processes from an international perspective. Capital investments involve substantial monetary commitments and risks that affect long-term firm profitability and influence capital allocation decisions in the future. Survey research in the area of capital expenditure analysis has been extensively done in both the United States [US] and the United Kingdom [UK]. This research is the first comparative survey of practices in both countries that we are aware of. A direct comparison of the use of project evaluation, management science, and risk management techniques in the two countries is made. The survey instrument used is an adaptation of the Klammer [1970] instrument that has been used repeatedly in surveys of American firms. This is the first time that it has been applied to British firms. The use of a common instrument allows for more meaningful comparisons. The samples consisted of 127 American and 59 British firms with sales of at least $100 million and capital expenditures of at least $10 million. Preliminary results indicate a continued extensive use of discounted cash flow techniques by US firms. Techniques such as payback or urgency continue to be used, but to a lesser degree than discounting. Firms in the UK also make extensive use of discounting but do so to a lesser degree than their American counterparts. Payback is widely used in the UK. Risk management techniques are widely used in both countries, with sensitivity analysis being the most popular technique in both countries. Extensive use of technical and administrative procedures, such as detailed budgets, standardized forms and post-audits, are evidenced in both countries. The paper offers reasons that have to do with organizational structure and form, as well as market differences, to explain our results.

scholarly journals Delivering on Biden’s 2030 conservation commitment

2021 ◽  
Author(s):  
B. Alexander Simmons ◽  
Christoph Nolte ◽  
Jennifer McGowan
Keyword(s):  
United States ◽  
Performance Metrics ◽  
Clean Energy ◽  
The United States ◽  
Conservation Strategies ◽  
Climate Mitigation ◽  
Executive Order ◽  
Conservation Action ◽  
Priority Areas ◽  
Trade Offs

AbstractOn January 27, 2021, President Biden signed an executive order, Tackling the Climate Crisis at Home and Abroad, committing the United States to various goals within his campaign’s major climate policy, the Biden Plan for a Clean Energy Revolution and Environmental Justice. Included in this executive order is a commitment to “conserving at least 30 percent of [the United States’] lands and oceans by 2030.” This ambitious conservation target signals a promising direction for biodiversity in the United States. However, while the executive order outlines several goals for climate mitigation, the ‘30×30’ target remains vague in its objectives, actions, and implementation strategies for protecting biodiversity. Biodiversity urgently needs effective conservation action, but it remains unclear where and what this 30% target will be applied to. Achieving different climate and biodiversity objectives will require different strategies and, in combination with the associated costs of implementation, will lead to different priority areas for conservation actions. Here, we illustrate what the 30% target could look like across four objectives reflective of the ambitious goals outlined in the executive order. We compile several variations of terrestrial protected area networks guided by these different objectives and examine the trade-offs in costs, ecosystem representation, and climate mitigation potential between each. We find little congruence in priority areas across objectives, emphasizing just how crucial it will be for the Biden administration to develop clear objectives and establish appropriate performance metrics from the outset to maximize both conservation and climate outcomes in support of the 30×30 target. We discuss important considerations that must guide the administration’s conservation strategies in order to ensure meaningful conservation outcomes can be achieved over the next decade.

scholarly journals The drought risk atlas: Enhancing decision support for drought risk management in the United States

2015 ◽  
Vol 526 ◽  
pp. 274-286 ◽  
Author(s):  
Mark D. Svoboda ◽  
Brian A. Fuchs ◽  
Chris C. Poulsen ◽  
Jeff R. Nothwehr
Keyword(s):  
United States ◽  
Risk Management ◽  
Decision Support ◽  
The United States ◽  
Drought Risk ◽  
Drought Risk Management

Legal Matters, Risk Management, and Risk Prevention

2021 ◽  
pp. 52-74
Keyword(s):  
United States ◽  
Risk Management ◽  
The United States ◽  
Management Plan ◽  
Risk Prevention ◽  
Risk Management Plan ◽  
Government Agencies ◽  
Negative Consequences ◽  
Current Business

This chapter highlights the importance of risk management and the need for a risk management plan to have in place in case disaster strikes. From opening a foodservice business to operating it with the possibility of expansion, the risks involved are enormous. It discusses the importance of respecting the laws when dealing with business and carefully taking all necessary steps to avoid legal pitfalls, leading to severe negative consequences. The chapter provides useful information and references about obtaining proper licenses, dealing with government agencies, and developing and implementing a “preventive risk management” plan. Finally, the chapter highlights the current business laws of the United States and should not be considered applicable internationally. The reader should refer to the governing laws of the country where the business operates.

Economic Overfishing

Overfishing ◽  
2012 ◽  
Author(s):  
Ray Hilborn ◽  
Ulrike Hilborn
Keyword(s):  
United States ◽  
Sustainable Management ◽  
The United States ◽  
Pacific Halibut ◽  
The Pacific ◽  
Biological Problem

Is overfishing only a biological problem? The Pacific halibut fishery has long been considered the outstanding success of sustainable management. The International Pacific Halibut Commission was formed in 1923 by the United States and Canada to jointly manage the halibut stock on the Pacific...

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