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Books > Reference & Interdisciplinary > Communication studies > Decision theory > Risk assessment
This book is a comprehensive guide to several aspects of risk,
including information systems, disaster management, supply chain
and disaster management perspectives. A major portion of this book
is devoted to presenting a number of operations research models
that have been (or could be) applied to enterprise supply risk
management, especially from the supply chain perspective. Each
chapter of this book can be used as a unique module on a different
topics with dedicated examples, definitions and discussion notes.
This book comes at a time when the world is increasingly challenged
by different forms of risk and how to manage them. Events of the
21st Century have made enterprise risk management even more
critical. Risks such as suspicions surrounding top-management
structures, financial and technology bubbles (especially since
2008), as well as the demonstrated risk from terrorism, such as the
9/11 attack in the U.S. as well as more recent events in France,
Belgium, and other locations in Europe, have a tremendous impact on
many facets of business. Businesses, in fact, exist to cope with
risk in their area of specialization.
Globalization is a complex, forceful, legal and social process that
takes place within an integrated whole with no regard for
geographical boundaries. Financial globalization is criticized for
consequential increases in economic volatility and disruptions to
monetary policy autonomy. Globalization increases the vulnerability
of economies to shock while restraining the apparatus that central
banks and policy authorities have for dealing with said shocks
engendered at home and abroad. Globalization and corporate
governance interact to deal with governance issues arising from the
globalization of business. Corporate governance is, to a great
extent, a set of means through which outside investors protect
themselves against expropriation by insiders. Risk management is at
the centre of all financial actions. Moreover, risk management is a
two-step course: firstly, it is necessary to uncover what risks
exist in an investment and then deal with those risks in a way
best-suited to a corporation's investment objectives. Financial
markets have been liberalized around the globe. Banks advance their
capacity to administer credit risk function with greater leverage
by lending more of their assets to risky borrowers. In a
market-based financial system, banking and capital market
advancements are undividable and funding circumstances are tied to
fluctuations in the control of market-based financial
intermediaries. Risk management has become a momentous element of
company management after the modern financial crisis.
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