The Indonesian government is currently carrying out massive infrastructure development, with a budget exceeding 10. Risk mapping based on good risk management is crucial for stakeholders in organizing construction projects. Projects financed by government, whether solicited or unsolicited schemes, should also include risk mapping to add value and foster partnerships. Therefore, this study aimed to develop a risk management model for solicited and unsolicited projects, focusing on the collaborative management system among stakeholders in government-financed projects. Risk review was conducted from various stakeholders’ perspectives, examining the impacts and potential losses to manage uncertainty and reduce losses for relevant parties. Furthermore, qualitative analysis was conducted using Focus Group Discussion (FGD) and in-depth interviews. The results showed that partnering-based risk management with risk sharing in solicited and unsolicited projects had similarities with Integrated Project Delivery (IPD). This approach provided benefits and value by developing various innovations in the project life cycle.
Food safety in supply chains remains a critical concern due to the complexity of global distribution networks. This study develops a conceptual framework to evaluate how food safety risks influence supply chain performance through predictive analytics. The framework identifies and minimizes food safety risks before they cause serious problems. The study examines the impact of food safety practices, supply chain transparency, and technological integration on adopting predictive analytics. To illustrate the complex dynamics of food safety and supply chain performance, the study presents supply chain transparency, technological integration, and food safety practices and procedures as independent variables and predictive analytics as a mediator. The results show that supply chain managers' capacity to anticipate and control risks related to food safety can be improved by predictive analytics, leading to safer food production and distribution methods. The research recommends that businesses create scalable cloud-based predictive model solutions, combine data sources, and employ cutting-edge AI and machine learning tools. Companies should also note that strong, data-driven approaches to food safety require cooperative data sharing, regulatory compliance, training initiatives and ongoing improvement.
Raising public awareness of maritime risk and disseminating information about disaster prevention and reduction are the most frequent ways that the government incorporates citizens in marine disaster risk management (DRM). However, these measures are deemed to be insufficient to drive the participation rate. This study aims to understand the participation trend of citizens in marine DRM. On the basis of the theory of citizen participation’s ladder, public participation within marine DRM is categorized into non-participation, tokenistic participation, and substantive participation. Using organization theory, the government’s strategies for encouraging participation are classified into common approach (raising awareness), structural approach (innovating instruments), and cultural approach (developing citizenship). Considering the vignette experiment of 403 citizens in a coastal city of China that has historically been subject to marine disasters, it was found that effectiveness of the strategies, from highest to lowest, are citizenship development, risk education, and instruments innovation. At the individual level, psychological characteristics such as trust in the government, past disaster experience, and knowledge of marine DRM did not significantly influence citizens’ participation preferences. At the government level, even when citizens are informed about new participatory mechanisms and tools, they still tend to be unwilling to share responsibilities. However, self-efficacy and understanding the beneficial outcomes of their participation in marine (DRM) can positively impact the willingness to participate. The results show that to encourage public participation substantively in the marine DRM, it is important to cultivate a sense of civic duty and enhance citizens’ sense of ownership, fostering a closer and more equitable partnership between the state and society.
Every sector must possess the ability to identify potential dangers, assess associated risks, and mitigate them to a controllable extent. The mining industry inherently faces significant hazards due to the intricate nature of its systems, processes, and procedures. Effective risk control management and hazard assessment are essential to identify potential adverse events that might lead to hazards, analyze the processes by which these occurrences may transpire, and estimate the extent, importance, and likelihood of negative consequences. (1) The stage of industrial hazard analysis assesses the capability of a risk assessment process by acknowledging that hidden hazards have the potential to generate dangers that are both unknown and beyond control. (2) To mitigate hazards in mines, it is imperative to identify and assess all potentially dangerous circumstances. (3) Upon conducting an analysis and evaluation of the safety risks associated with identified hazards, the acquired knowledge has the potential to assist mine management in making more informed and effective decisions. (4) Frequently employed methods of data collection include interrogation of victims/witnesses and collection of information directly from the accident site. (5) After conducting a thorough analysis and evaluation of the safety hazards associated with hazard identification, the dataset has the potential to assist mine management in making more informed decisions. The study highlights the critical role of management in promoting a strong safety culture and the need for active participation in health and safety systems. By addressing both feared and unknown risks, educating workers, and utilizing safety-related data more effectively, mining companies can significantly improve their risk management strategies and ensure a safer working environment.
The hospital is a complex system, which evolving practices, knowledge, tools, and risks. This study aims to assess the level of knowledge about risks at Hassan II Hospital among healthcare workers (HCWs) working in three COVID-19 units. The action-research method was adopted to address occupational risks associated with the pandemic. The study involved 82 healthcare professionals in the three COVID-19 units mentioned above. All participants stated they were familiar with hospital risks. Seventy-four HCPs reported no knowledge of how to calculate risk criticality, while eight mentioned the Occurrence rating, Severity rating, and Detection rating (OSD) method, considering Occurrence rating, Severity rating, and Detection rating as key elements for risk classification. Staff indicated that managing COVID-19 patients differs from other pathologies due to the pandemic’s evolving protocols. There is a significant lack of information among healthcare professionals about risks associated with COVID-19, highlighting the need for a hospital risk management plan at a subsequent stage.
In order to diversify a portfolio, find prices, and manage risk, derivatives products are now necessary. There is a lack of understanding of the true influence of derivatives on the behavior of the underlying assets, their volatility consequences, and their pricing as complex instruments. There is a dearth of empirical research on how these instruments impact company risk exposures and inconsistent findings. This study examines corporate derivatives’ impact on stock price exposure and systematic risk in South African non-financial firms. Using a dataset of listed firms from 2013 to 2023, we employ Generalized Autoregressive Conditional Heteroscedasticity (GARCH) models to assess the effect of derivatives on return volatility and beta, a measure of systematic risk. Additionally, we apply the Generalized Method of Moments (GMM) to address potential endogeneity between firm characteristics and derivatives use. Our findings suggest that firms using derivatives experience lower overall volatility and reduced systematic risk compared to non-users. The results are robust to various control factors, including firm size, leverage, and macroeconomic conditions. This study fills a gap in the literature by focusing on an underrepresented emerging market and provides insights relevant to global risk management practices.
Copyright © by EnPress Publisher. All rights reserved.