This book is written to empower risk professionals to turn analytics and models into deployable solutions with minimal IT intervention. Corporations, especially financial institutions, must show evidence of having quantified credit, market and operational risks. They have databases but automating the process to translate data into risk parameters remains a desire.Modelling is done using software with output codes not readily processed by databases. With increasing acceptance of open-source languages, database vendors have seen the value of integrating modelling capabilities into their products. Nevertheless, deploying solutions to automate processes remains a challenge. While not comprehensive in dealing with all facets of risks, the author aims to develop risk professionals who will be able to do just that.

Captures a moment in history through the experiences of Environmental Health Practitioners in meeting the complex challenges presented by the COVID-19 pandemic. Features the observations of practitioners in the field as to the different practical issues encountered globally, suggesting the lessons learnt for current practice in infectious disease control. Expands upon the reflections of some of the professional bodies around the world as to how the response of EHPs to the COVID-19 pandemic should see a renewed commitment to public health through Environmental Health. Provides a valuable resource to EHPs in current practice and training, other public health professionals and those looking to build a better health protection service, including policy makers.

- Sidney Dekker examines how decades of deregulation and privatization have only led to a greater burden of compliance, and why, with so many rules to ensure safety, things can still go spectacularly wrong. - Written for all those with a vested interest in understanding the actual nature of organizational safety and performance, and in doing so make tangible improvements. - The first in a unique trilogy, this book complements Dekker's many best-sellers while broadening his appeal way beyond safety-critical industries.

Engineering systems and products are an important element of the world economy and each year billions of dollars are spent to develop, manufacture, operate, and maintain systems and products around the globe. Because of this, global competition is requiring reliability professionals to work closely with other departments involved in engineering development during the product design and manufacturing phase. Applied Reliability for Engineers is an attempt to meet the need for a single volume that addresses a wide range of applied reliability topics. The material is treated in such a manner that the reader will require no previous knowledge to understand the text. The sources of most of the information presented are given in a reference section at the end of each chapter. At appropriate places, the book contains examples along with their solutions. At the end of each chapter there are numerous problems to test reader comprehension. This volume is thus suitable for use as a textbook as well as for reference. Applied Reliability for Engineers is useful to design professionals, system engineers, reliability specialists, graduate and senior undergraduate students, researchers and instructors of reliability engineering, and engineers-at-large.

Engineering systems are an important element of world economy. Each year billions of dollars are spent to develop, manufacture, operate, and maintain various types of engineering systems about the globe. The reliability and usability of these systems have become important because of their increasing complexity, sophistication, and non-specialist users. Global competition and other factors are forcing manufacturers to produce highly reliable and usable engineering systems. Along with examples and solutions, this book integrates engineering systems reliability and usability into a single volume for those individuals that directly or indirectly are concerned with these areas.

This book covers fire and extinguishing theory and reliability theory and how to validate any survey within the field of engineering. It's based on a year's study of historical literature, using critical review and document analysis. It covers how data is collected, analyzed, and presented. It discusses reliability theory, calculation, and uncertainty analysis, and after validating proposes a new methodology and approach using general scientific value and examples. Features Includes an in-depth study on relevant sprinkler reliability studies based for the first time on critical review and document analysis Presents a scientific validating analysis of studies based on how a survey should be conducted Critiques the fact that reliability of a sprinkler system as its ability to function as designed, has never been subject to surveys Suggestions for new survey methodology that can be used for the field of engineering, including all active and passive fire protection measures Discusses extinguishing theory, general design of extinguishing systems, different systems and the reliability of them all "Reliability Data on Fire Sprinkler Systems" will be of interest to Reliability Engineers, Systems, Architecture and Engineers, Design, Maintenance, Mechanical and, Civil Engineers, as well as those working in the field of fire protection and building and fire codes.

This book focuses on ways to better manage and prevent aircraft-based homicide events while in flight using alternate technology to replace the Cockpit Voice Recorder (CVR) and/or Digital Flight Data Recorder (DFDR) functions. While these events are infrequent, the implementation of real-time predictive maintenance allows aircraft operators to better manage both scheduled and unscheduled maintenance events. Aviation Safety and Security: Utilizing Technology to Prevent Aircraft Fatality explores historical events of in-flight homicide and includes relevant accident case study excerpts from the National Transportation Safety Board (NTSB) and Air Accidents Investigation Branch (AAIB). FEATURES Explores historical events of in-flight homicide and offers solutions for ways to mitigate risk Explains how alternate technologies can be implemented to address in-flight safety issues Demonstrates that metrics for change are not solely for safety but also for financial savings for aircraft operation Includes relevant accident case study excerpts from the NTSB and AAIB Expresses the need for real-time predictive maintenance Stephen J Wright is an academic Professor at the faculty of Engineering and Natural Sciences at Tampere University, Finland, specializing in aviation, aeronautical engineering, and aircraft systems.

Business Sustainability Factors of Performance, Risk, and Disclosure examines sustainability factors of performance, risk and disclosure. The five dimensions of sustainability performance are economic, governance, social, ethical, and environmental (EGSEE).Business sustainability is advancing from the greenwashing and branding to, very recently, business imperative as shareholders demand, regulators require, and companies report their sustainability performance. Sustainability has become economic and strategic imperative with potential to create opportunities and risks for businesses. Business Sustainability Factors of Performance, Risk, and Disclosure examines sustainability factors of performance, risk and disclosure. The five dimensions of sustainability performance are economic, governance, social, ethical, and environmental (EGSEE). Sustainability risks are reputational, strategic, operational, compliance, and financial (RSOCF). Sustainability disclosures are relevant to financial economic sustainability performance (ESP) and non-financial environmental, social, and governance (ESG) sustainability performance with ethics are integrated into all other components of sustainability performance. This book offers guidance for proper measurement, recognition, and reporting of all five EGSEE dimensions of sustainability performance. It also highlights how people, business, and resources collaborate in a business sustainability and accountability model in creating shared value for all stakeholders. The three sustainability factors of performance, risk and disclosure are driven from the stakeholder primacy concept with the mission of profit-with-purpose. Anyone who is involved with business sustainability and corporate governance, the financial reporting process, investment decisions, legal and financial advising, and audit functions will benefit from this book.

OpRisk Awards 2020 Book of the Year Winner! The Authoritative Guide to the Best Practices in Operational Risk Management Operational Risk Management offers a comprehensive guide that contains a review of the most up-to-date and effective operational risk management practices in the financial services industry. The book provides an essential overview of the current methods and best practices applied in financial companies and also contains advanced tools and techniques developed by the most mature firms in the field. The author explores the range of operational risks such as information security, fraud or reputation damage and details how to put in place an effective program based on the four main risk management activities: risk identification, risk assessment, risk mitigation and risk monitoring. The book also examines some specific types of operational risks that rank high on many firms' risk registers. Drawing on the author's extensive experience working with and advising financial companies, Operational Risk Management is written both for those new to the discipline and for experienced operational risk managers who want to strengthen and consolidate their knowledge.

The Money Shot provides a real look into the lives of a professional athlete and how this new-found fame and fortune can change their lives. Walking through the financial maze can be challenging for athletes who really need to focus on game performance. The tips and tools in the Money Shot allows athletes and their families to clearly identify how to find success in the money game so they can focus on career success as an athlete. Exploring the "do's" and "don'ts" of saving, spending, using, and growing money, the Money Shot is designed to provide the roadmap to successful financial performance by laying out the steps play byplay. Athletes and their families gain knowledge to make the right moves for their financial present and future, and confidence to know they are performing at peak levels in the money game.

This book discusses the evolution of security and privacy issues and brings related technological tools, techniques, and solutions into one single source. The book will take readers on a journey to understanding the security issues and possible solutions involving various threats, attacks, and defense mechanisms, which include IoT, cloud computing, Big Data, lightweight cryptography for blockchain, and data-intensive techniques, and how it can be applied to various applications for general and specific use. Graduate and postgraduate students, researchers, and those working in this industry will find this book easy to understand and use for security applications and privacy issues.

The Causes, Culprits, and Context of Our Money Troubles is the first book in a series about the psychology of money by Dr. Christopher Bayer, the Wall Street Psychologist. Informed by more than 30 years of research in the areas of economics/finance and psychology, Dr. Bayer explores the history of our relationship with money-specifically the role morality, and the concept of "virtue," has played in that history, and the wealth versus money dichotomy. Filled with tales and exemplifications, the book introduces readers, pseudonymously, to sample patients of money -mind imbalances, such as the "11 million-dollar man" who becomes corrupted by money's influence, that unbalances their internal gyroscope (internal moral compass). It draws readers to examine past- and present-day corruptions derived from money's influence and compels them to examine concepts and theories from great economists of yore (e.g., Adam Smith, Karl Marx, and J.M. Keynes) to create a theoretical foundation for what the author calls a Gyroscope methodology. As a foundational tool in the series, this book invites readers to consider, for themselves, stories of mass mind-control perpetrated by marketing mavens who utilize (and perhaps manipulate) insights from behavioral psychology to generate rank materialism, manifested in ever-increasing consumption, palatable to the public.

The Bottomless Line-Important Lessons They Did Not Teach You in Business School is the second book in a series about the psychology of money by Dr. Christopher A. Bayer, the Wall Street Psychologist. This book builds on the key concepts in the first volume, to draw the reader's attention to the "dark side" of the business world. Structured in a way that enables readers to examine contemporary examples of willful co-optation, misuse, and misinterpretation of old texts and ideas, run-of-the-mill corruption, and dangerous groupthink, the author examines the personal and broad- scale financial troubles generated by reckless financial misunderstandings. The book is an exploration of how direct and indirect psychological conditioning eliminates morality from decision making in the world of finance. It provides evidence that ties systemic corruption on Wall Street to the lessons of the storied Milgram experiments (obedience, effects of perceived hierarchy and status, immoral actions-"just following orders"). In the end, readers are led to the "big takeaway": the need to cultivate and maintain a core of character in order to weather any ethical storm. It also summarizes the history of financial psychopathy, details the rise and fall of a few notorious Wall Street perpetrators-from the brass at Enron to the infamous Bernard Madoff-and examines how their hardwired psychopathy leaves them bereft of moral qualities necessary to build a functioning and responsive moral compass of Gyroscope.

Body and Mind-The Effects of Money Problems is the third book in a series about the psychology of money by Dr. Christopher Bayer, the Wall Street Psychologist. This volume advances readers into an examination of the effect of money problems on the body and mind. It presents research that supports solutions offered throughout the series to fix maladjustments of the mind and highlights the importance of developing a sound grasp of the mind-body connection to ensure there is an unbreakable bond at all levels. Strategies for developing stress-free solutions for avoiding depression, in addition to detailed data that point to high recovery rates from depression, offer readers practical, tangible tools for managing real-life, money problems. Pointers on how to avoid The Triggers That Produce Multiple Wounds play a critical role in helping readers to equip their gyroscope (internal compass) to cope with stress. Moneystrewn professions, such as finance, are littered with those who want it all-many of them high-functioning addicts to stress, alcohol, drugs, sex, gambling, and the accumulation of money in its pure state. This book offers plenty of stories of excess and closes with a meaningful invitation to the reader: Envision Your Own Eden and the Good Life-words of encouragement to help them consider how much money is enough.

The Gyroscope-A Personal "Money Wellness" Strategy is the fourth book in a series about the psychology of money by Dr. Christopher Bayer, the Wall Street Psychologist. The book builds on the foundations laid in the previous three books in the series and delivers to the reader The Gyroscope- a personal wellness strategy, with a robust menu of tools for overcoming some of the critical money problems identified in the previous three books. After a comprehensive definition of Gyroscope, readers are guided through self-assessments and evaluations, including communication and relaxation techniques-all aligned with or made to relate to best practices in fiduciary responsibility. As a tool for self-improvement, the Gyroscope offers readers strategies for work-environment survival and professional risk management, in addition to techniques for personal deception avoidance. Techniques in this area draw readers into a 15-point Personal Rules of Engagement checklist, and exercises in a personal mission statement, with techniques for success benchmarking, affirmations, and engagement in a personal Return on Investment (ROI) calculator. As the final book in the series, it offers readers a tangible gift, an appendix covering the Top Five Things You Should Do Next-a concise, hard-hitting handful of advice that will get anyone on the road toward achieving their goal of balance and fulfillment-a naturally, solid, Gyroscope.

Predictive analytics refers to making predictions about the future based on different parameters which are historical data, machine learning, and artificial intelligence. This book provides the most recent advances in the field along with case studies and real-world examples. It discusses predictive modeling and analytics in reliability engineering and introduces current achievements and applications of artificial intelligence, data mining, and other techniques in supply chain management. It covers applications to reliability engineering practice, presents numerous examples to illustrate the theoretical results, and considers and analyses case studies and real-word examples. The book is written for researchers and practitioners in the field of system reliability, quality, supply chain management, and logistics management. Students taking courses in these areas will also find this book of interest.

Aware that a single crisis event can devastate their business, managers must be prepared for the worst from an expansive array of threats. The Routledge Companion to Risk, Crisis and Security in Business comprises a professional and scholarly collection of work in this critical field. Risks come in many varieties, and there is a growing concern for organizations to respond to the challenge. Businesses can be severely impacted by natural and man-made disasters including: floods, earthquakes, tsunami, environmental threats, terrorism, supply chain risks, pandemics, and white-collar crime. An organization's resilience is dependent not only on their own system security and infrastructure, but also on the wider infrastructure providing health and safety, utilities, transportation, and communication. Developments in risk security and management knowledge offer a path towards resilience and recovery through effective leadership in crisis situations. The growing body of knowledge in research and methodologies is a basis for decisions to safeguard people and assets, and to ensure the survivability of an organization from a crisis. Not only can businesses become more secure through risk management, but an effective program can also facilitate innovation and afford new opportunities. With chapters written by an international selection of leading experts, this book fills a crucial gap in our current knowledge of risk, crisis and security in business by exploring a broad spectrum of topics in the field. Edited by a globally-recognized expert on risk, this book is a vital reference for researchers, professionals and students with an interest in current scholarship in this expanding discipline.

In today's world, deep learning source codes and a plethora of open access geospatial images are readily available and easily accessible. However, most people are missing the educational tools to make use of this resource. Deep Learning for Remote Sensing Images with Open Source Software is the first practical book to introduce deep learning techniques using free open source tools for processing real world remote sensing images. The approaches detailed in this book are generic and can be adapted to suit many different applications for remote sensing image processing, including landcover mapping, forestry, urban studies, disaster mapping, image restoration, etc. Written with practitioners and students in mind, this book helps link together the theory and practical use of existing tools and data to apply deep learning techniques on remote sensing images and data. Specific Features of this Book: The first book that explains how to apply deep learning techniques to public, free available data (Spot-7 and Sentinel-2 images, OpenStreetMap vector data), using open source software (QGIS, Orfeo ToolBox, TensorFlow) Presents approaches suited for real world images and data targeting large scale processing and GIS applications Introduces state of the art deep learning architecture families that can be applied to remote sensing world, mainly for landcover mapping, but also for generic approaches (e.g. image restoration) Suited for deep learning beginners and readers with some GIS knowledge. No coding knowledge is required to learn practical skills. Includes deep learning techniques through many step by step remote sensing data processing exercises.

This book covers the application of algebraic inequalities for reliability improvement and for uncertainty and risk reduction. It equips readers with powerful domain-independent methods for reducing risk based on algebraic inequalities and demonstrates the significant benefits derived from the application for risk and uncertainty reduction. Algebraic inequalities: * Provide a powerful reliability improvement, risk and uncertainty reduction method that transcends engineering and can be applied in various domains of human activity * Present an effective tool for dealing with deep uncertainty related to key reliability-critical parameters of systems and processes * Permit meaningful interpretations which link abstract inequalities with the real world * Offer a tool for determining tight bounds for the variation of risk-critical parameters and complying the design with these bounds to avoid failure * Allow optimising designs and processes by minimising the deviation of critical output parameters from their specified values and maximising their performance This book is primarily for engineering professionals and academic researchers in virtually all existing engineering disciplines.

Businesses exist to provide goods and services to customers, and in doing so, they take risks. Among these risks is the chance of losing money in lawsuits filed by customers, employees, and others negatively impacted by the business. Insurance provides some protection against these liabilities, but lawsuits still take their toll. This book covers the subject of economic damages and its role in insurance claims, lawsuits, and injunctions against businesses. This book will help the reader to identify economic damages as a component of business liability, describe the business risk posed by economic damages, explain some key determinants of economic damages, and estimate economic damages and business loss in a variety of cases.

Since the mid-1990s risk management has undergone a dramatic expansion in its reach and significance, being transformed from an aspect of management control to become a benchmark of good governance for banks, hospitals, schools, charities and many other organizations. Numerous standards for risk management practice have been produced by a variety of transnational organizations. While these many designs and blueprints are accompanied by ideals of enterprise, value production, and good governance, it is argued that the rise of risk management has also coincided with an intensification of auditing and control processes. The legalization and bureacratization of organizational life has increased because risk management has created new demands for proof and evidence of action. In turn, these demands have generated new risks to reputation.
In short, this important book traces the rise of the managerial concept of risk and the different logics and values which underpin it, showing that it has much less to do with real dangers and opportunities than might be thought, and more to do with organizational accountability and legitimacy.

Decision analysis has become widely recognized as an important process for translating science into management actions. With climate change and other systemic threats as driving forces in creating environmental and engineering problems, there is a great need for understanding decision making frameworks through a case-study based approach. Management of environmental and engineering projects is often complicated and multidisciplinary in scope and nature, thus issues that arise can be difficult to solve analytically. Multi-Criteria Decision Analysis: Case Studies in Engineering and the Environment provides detailed description of MCDA methods and tools and illustrates their applications through case studies focused on sustainability and system engineering applications. New in the Second Edition: Addresses current and emerging environmental and engineering problems Includes seven new case studies to illustrate different management situations applicable at the international level Builds on real case studies from recent and relevant environmental and engineering management experience Describes advanced MCDA techniques and extensions used by practitioners Provides corresponding decision models implemented using the DECERNS software package Gives a more holistic approach to teaching MCDA methodology with a focus on sustainable solutions and adoption of new technologies, including nanotechnology and synthetic biology Given the novelty and inherent applicability of this decision-making framework to the environmental and engineering fields, a greater number of teaching tools for this topic need to be made available. This book provides those teaching tools, covering the breadth of the applications of MCDA methodologies with clear explanations of the MCDA process. The case studies are implemented in the DECERNS software package, allowing readers to experiment and explore and to understand the full process by which environmental managers assess these problems. This book is a great resource for professionals and students seeking to learn decision analysis techniques and apply similar frameworks to environmental and engineering projects

The world of options is considered high-risk by many. At its original options treading in the modern era began in the early 1970s when the first listed calls were offered on a short list of companies; a few years later, put trading was added. Since this time, options trading has become available on most companies on the large public exchanges. However, the high-risk reputation of options has persisted through the years, even as dozens of new and often conservative strategies have been introduced. Today, the best use of options is not to speculate on price movement, but to hedge market risk in equity portfolios. Many strategies can combine hedging with income, establishing advantageous circumstances for risk-averse traders. It is possible to apply several strategies to reduce risk and in some instances, to eliminate market risk completely. This book examines the many ways this can be accomplished, based on options for three highly-rated companies. These are qualified as a first step by exceptionally attractive fundamental attributes and trends: Higher than average dividend yield with dividend increases over at least 10 years; a range of moderate price/earnings ratios each year; growing revenue, earnings and net return; and level or declining long-term debt as a percentage of total capitalization.

While aviation fatalities have thankfully fallen dramatically in recent years, the phenomena of complexity and cognitive bias have been shown to be factors in many accidents. An understanding of these phenomena promises to bring the fatality rate even lower, and a deeper understanding of commercial aircraft in the context of systems engineering will contribute to that trend. Systems Approach to the Design of Commercial Aircraft describes commercial aircraft from an advanced systems point of view, addressing complexity, cybersecurity, and systems architecting. In addition, it provides an explanation of systems engineering, describes how systems engineering forms a framework for commercial aircraft, covers how systems engineering and systems architecting relate to commercial aircraft, addresses complexity, and shows how humans fit into systems engineering and the importance for commercial aircraft. It goes onto present how cybersecurity plays an important role in the mix and how human interface fits in. The readership includes designers of aircraft, manufacturers, researchers, systems engineers, and students. Scott Jackson is a fellow of the International Council on Systems Engineering (INCOSE) and the author of Systems Engineering for Commercial Aircraft (1997 and 2015) in English and Chinese. Ricardo Moraes dos Santos is a senior systems engineer at EMBRAER S/A and an INCOSE Brazil chapter director. He works with Architecting process (Corporate) and is head of Cybersecurity and Safety (STPA Applications) at EMBRAER S/A.

As an extension of Volumes I and II of this series, this book contains a detailed elaboration of the Tesla story, in a way that also serves to examine the interaction of technology and economic forces that determine the structural profitability of any industry, especially capital-intense industries. The economics are the "five forces" introduced to the management lexicon by strategic management scholars. Here there is strong emphasis on the interplay among product technology, production and supply chains, and "Wall Street." The author is a retired business professor; his research interest has been the management of technology and innovation. For this book, he double-checked none of the 1,250 media items collected, accepting their overall veracity at face value. This approach advocates no one person, no one company, no one technology, and no portion of the global automobile industry. Analysis and practical application came foremost.