WorldWideScience

Sample records for tsunami risk management

  1. Tsunami disaster risk management capabilities in Greece

    Science.gov (United States)

    Marios Karagiannis, Georgios; Synolakis, Costas

    2015-04-01

    Greece is vulnerable to tsunamis, due to the length of the coastline, its islands and its geographical proximity to the Hellenic Arc, an active subduction zone. Historically, about 10% of all world tsunamis occur in the Mediterranean region. Here we review existing tsunami disaster risk management capabilities in Greece. We analyze capabilities across the disaster management continuum, including prevention, preparedness, response and recovery. Specifically, we focus on issues like legal requirements, stakeholders, hazard mitigation practices, emergency operations plans, public awareness and education, community-based approaches and early-warning systems. Our research is based on a review of existing literature and official documentation, on previous projects, as well as on interviews with civil protection officials in Greece. In terms of tsunami disaster prevention and hazard mitigation, the lack of tsunami inundation maps, except for some areas in Crete, makes it quite difficult to get public support for hazard mitigation practices. Urban and spatial planning tools in Greece allow the planner to take into account hazards and establish buffer zones near hazard areas. However, the application of such ordinances at the local and regional levels is often difficult. Eminent domain is not supported by law and there are no regulatory provisions regarding tax abatement as a disaster prevention tool. Building codes require buildings and other structures to withstand lateral dynamic earthquake loads, but there are no provisions for resistance to impact loading from water born debris Public education about tsunamis has increased during the last half-decade but remains sporadic. In terms of disaster preparedness, Greece does have a National Tsunami Warning Center (NTWC) and is a Member of UNESCO's Tsunami Program for North-eastern Atlantic, the Mediterranean and connected seas (NEAM) region. Several exercises have been organized in the framework of the NEAM Tsunami Warning

  2. Advances in coastal disasters risk management : Lessons from the 2011 Tohoku tsunami

    NARCIS (Netherlands)

    Jonkman, S.N.; Yasuda, T.; Tsimopoulou, V.; Kawai, H.; Kato, F.

    2012-01-01

    The earthquake and tsunami of March 2011 led to death and destruction in coastal areas in Japan. A seminar was held in June 2012 for Japanese and Dutch coastal researchers to discuss lessons for the management of the risks in coastal areas associated with tsunamis, typhoons and storm surges. The

  3. Emergency management response to a warning-level Alaska-source tsunami impacting California: Chapter J in The SAFRR (Science Application for Risk Reduction) Tsunami Scenario

    Science.gov (United States)

    Miller, Kevin M.; Long, Kate

    2013-01-01

    This chapter is directed towards two audiences: Firstly, it targets nonemergency management readers, providing them with insight on the process and challenges facing emergency managers in responding to tsunami Warning, particularly given this “short fuse” scenario. It is called “short fuse” because there is only a 5.5-hour window following the earthquake before arrival of the tsunami within which to evaluate the threat, disseminate alert and warning messages, and respond. This action initiates a period when crisis communication is of paramount importance. An additional dynamic that is important to note is that within 15 minutes of the earthquake, the National Oceanic and Atmospheric Administration (NOAA) and the National Weather Service (NWS) will issue alert bulletins for the entire Pacific Coast. This is one-half the time actually presented by recent tsunamis from Japan, Chile, and Samoa. Second, the chapter provides emergency managers at all levels with insights into key considerations they may need to address in order to augment their existing plans and effectively respond to tsunami events. We look at emergency management response to the tsunami threat from three perspectives:“Top Down” (Threat analysis and Alert/Warning information from the Federal agency charged with Alert and Warning) “Bottom Up” (Emergency management’s Incident Command approach to responding to emergencies and disasters based on the needs of impacted local jurisdictions) “Across Time” (From the initiating earthquake event through emergency response) We focus on these questions: What are the government roles, relationships, and products that support Tsunami Alert and Warning dissemination? (Emergency Planning and Preparedness.) What roles, relationships, and products support emergency management response to Tsunami Warning and impact? (Engendering prudent public safety response.) What are the key emergency management activities, considerations, and challenges brought

  4. Stochastic evaluation of tsunami inundation and quantitative estimating tsunami risk

    International Nuclear Information System (INIS)

    Fukutani, Yo; Anawat, Suppasri; Abe, Yoshi; Imamura, Fumihiko

    2014-01-01

    We performed a stochastic evaluation of tsunami inundation by using results of stochastic tsunami hazard assessment at the Soma port in the Tohoku coastal area. Eleven fault zones along the Japan trench were selected as earthquake faults generating tsunamis. The results show that estimated inundation area of return period about 1200 years had good agreement with that in the 2011 Tohoku earthquake. In addition, we evaluated quantitatively tsunami risk for four types of building; a reinforced concrete, a steel, a brick and a wood at the Soma port by combining the results of inundation assessment and tsunami fragility assessment. The results of quantitative estimating risk would reflect properly vulnerability of the buildings, that the wood building has high risk and the reinforced concrete building has low risk. (author)

  5. Tsunami risk mapping simulation for Malaysia

    Science.gov (United States)

    Teh, S.Y.; Koh, H. L.; Moh, Y.T.; De Angelis, D. L.; Jiang, J.

    2011-01-01

    The 26 December 2004 Andaman mega tsunami killed about a quarter of a million people worldwide. Since then several significant tsunamis have recurred in this region, including the most recent 25 October 2010 Mentawai tsunami. These tsunamis grimly remind us of the devastating destruction that a tsunami might inflict on the affected coastal communities. There is evidence that tsunamis of similar or higher magnitudes might occur again in the near future in this region. Of particular concern to Malaysia are tsunamigenic earthquakes occurring along the northern part of the Sunda Trench. Further, the Manila Trench in the South China Sea has been identified as another source of potential tsunamigenic earthquakes that might trigger large tsunamis. To protect coastal communities that might be affected by future tsunamis, an effective early warning system must be properly installed and maintained to provide adequate time for residents to be evacuated from risk zones. Affected communities must be prepared and educated in advance regarding tsunami risk zones, evacuation routes as well as an effective evacuation procedure that must be taken during a tsunami occurrence. For these purposes, tsunami risk zones must be identified and classified according to the levels of risk simulated. This paper presents an analysis of tsunami simulations for the South China Sea and the Andaman Sea for the purpose of developing a tsunami risk zone classification map for Malaysia based upon simulated maximum wave heights. ?? 2011 WIT Press.

  6. Indigenous knowledge management to enhance community resilience to tsunami risk: lessons learned from Smong traditions in Simeulue island, Indonesia

    Science.gov (United States)

    Rahman, A.; Sakurai, A.; Munadi, K.

    2017-02-01

    Knowledge accumulation and production embedded in communities through social interactions meant that the Smong tradition of indigenous knowledge of tsunami risk successfully alerted people to the 2004 tsunami, on the island of Simeulue, in Aceh, Indonesia. Based on this practical example, an indigenous management model was developed for Smong information. This knowledge management method involves the transformation of indigenous knowledge into applicable ways to increase community resilience, including making appropriate decisions and taking action in three disaster phases. First, in the pre-disaster stage, the community needs to be willing to mainstream and integrate indigenous knowledge of disaster risk reduction issues into related activities. Second, during disasters, the Smong tradition should make the community able to think clearly, act based on informed decisions, and protect themselves and others by using their indigenous knowledge. Last, in the post-disaster phase, the community needs to be strong enough to face challenges and support each other and “building back better” efforts, using local resources. The findings for the Smong tradition provide valuable knowledge about community resilience. Primary community resilience to disasters is strongly related to existing knowledge that triggers appropriate decisions and actions during pre-disaster, disaster, and post-disaster phases.

  7. The SAFRR (Science Application for Risk Reduction) Tsunami Scenario

    Science.gov (United States)

    Ross, Stephanie L.; Jones, Lucile M.

    2013-01-01

    The Science Application for Risk Reduction (SAFRR) tsunami scenario depicts a hypothetical but plausible tsunami created by an earthquake offshore from the Alaska Peninsula and its impacts on the California coast. The tsunami scenario is a collaboration between the U.S. Geological Survey (USGS), the California Geological Survey (CGS), the California Governor’s Office of Emergency Services (Cal OES), the National Oceanic and Atmospheric Administration (NOAA), other Federal, State, County, and local agencies, private companies, and academic and other institutions. This document presents evidence for past tsunamis, the scientific basis for the source, likely inundation areas, current velocities in key ports and harbors, physical damage and repair costs, economic consequences, environmental and ecological impacts, social vulnerability, emergency management and evacuation challenges, and policy implications for California associated with this hypothetical tsunami. We also discuss ongoing mitigation efforts by the State of California and new communication products. The intended users are those who need to make mitigation decisions before future tsunamis, and those who will need to make rapid decisions during tsunami events. The results of the tsunami scenario will help managers understand the context and consequences of their decisions and how they may improve preparedness and response. An evaluation component will assess the effectiveness of the scenario process for target stakeholders in a separate report to improve similar efforts in the future.

  8. Territorial Vulnerability Assessment Supporting Risk Managing Coastal Areas Due to Tsunami Impact

    Directory of Open Access Journals (Sweden)

    José Leandro Barros

    2015-09-01

    Full Text Available Portugal’s coastline extends 1187 km. It is characterized by social, economic and physical conditions that differentiate it from the rest of the territory, including population density, location of infrastructure and support of tourism activities. Therefore, it has a significant exposure if a tsunami occurs. Six coastal study sites with varying characteristics were selected for evaluation in this paper, including two core beach-use areas, two residential areas and two industrial areas. These sites are located in the municipalities of Figueira da Foz, Setúbal and Vila do Bispo. The analysis began with the calculation of the potential tsunami inundation area for each site using the 1755 Lisbon tsunami. Next, a methodology distinguished by its multidimensional character was applied to assess local vulnerability to tsunamis. This methodology assesses vulnerabilities associated with morphological, structural, social and tax factors. These four vulnerability components were combined to obtain a Composite Vulnerability Index (CVI, which enabled us to identify the most vulnerable areas and to determine the distinguishing characteristics of each area.

  9. Risk perception of tsunami in the community of Arauco, Chile - a contribution of risk perception to disaster risk management at local level

    Science.gov (United States)

    Kubisch, M. Sc. Susanne; Edilia Jaque Castillo, Dra.; Braun, JProf. Andreas Ch., ,, Dr.

    2017-04-01

    The research was carried out in the city center of the coastal community of Arauco, Central Chile. The community of Arauco was one of the most affected communities of the tsunami in Chile, the 27th of February 2010. For the data evaluation, the affected inhabitants of the community have been surveyed via standardized questionnaires. Furthermore experts of different fields, amongst others, Disaster Risk Management (DRM), risk education, urban and regional planning, as well as geology have been consulted in form of expert interviews. The results revealed a high risk perception part of the affected community and a weakness of DRM especially at local level, which opens a gap between the evaluation and treatment of risk by experts and risk perception of the affected community. The risk perception of the affected community, here, is predominantly determined by ecological vulnerability, expressed in direct and indirect experience of a tsunami and by institutional vulnerability, expressed among others by a weakness of DRM at local level and a mistrust in responsible institutions for DRM. Due to the institutional vulnerability and the mistrust in responsible institutions we recommend a Community Based Approach (CBA) to strengthen DRM at local level and to take advantage of the high risk perception and knowledge of the affected community. Involving the community in DRM, we assume to close the gap between risk evaluation of experts and risk perception of the inhabitants and to come up with the unique necessities and conditions at local level. Especially in centralized countries, DRM is less effective, because at the one hand, decisions are made distant from the affected communities, so that measures often do not come up with the unique conditions and necessities at local level, and on the other hand measures often do not find acceptance by the affected community. Furthermore centralized DRM is often not effective and quick in response in case of emergency. Another obstacle

  10. ASTARTE: Assessment Strategy and Risk Reduction for Tsunamis in Europe

    Science.gov (United States)

    Baptista, M. A.; Yalciner, A. C.; Canals, M.

    2014-12-01

    Tsunamis are low frequency but high impact natural disasters. In 2004, the Boxing Day tsunami killed hundreds of thousands of people from many nations along the coastlines of the Indian Ocean. Tsunami run-up exceeded 35 m. Seven years later, and in spite of some of the best warning technologies and levels of preparedness in the world, the Tohoku-Oki tsunami in Japan dramatically showed the limitations of scientific knowledge on tsunami sources, coastal impacts and mitigation measures. The experience from Japan raised serious questions on how to improve the resilience of coastal communities, to upgrade the performance of coastal defenses, to adopt a better risk management, and also on the strategies and priorities for the reconstruction of damaged coastal areas. Societal resilience requires the reinforcement of capabilities to manage and reduce risk at national and local scales.ASTARTE (Assessment STrategy And Risk for Tsunami in Europe), a 36-month FP7 project, aims to develop a comprehensive strategy to mitigate tsunami impact in this region. To achieve this goal, an interdisciplinary consortium has been assembled. It includes all CTWPs of NEAM and expert institutions across Europe and worldwide. ASTARTE will improve i) basic knowledge of tsunami generation and recurrence going beyond simple catalogues, with novel empirical data and new statistical analyses for assessing long-term recurrence and hazards of large events in sensitive areas of NEAM, ii) numerical techniques for tsunami simulation, with focus on real-time codes and novel statistical emulation approaches, and iii) methods for assessment of hazard, vulnerability, and risk. ASTARTE will also provide i) guidelines for tsunami Eurocodes, ii) better tools for forecast and warning for CTWPs and NTWCs, and iii) guidelines for decision makers to increase sustainability and resilience of coastal communities. In summary, ASTARTE will develop basic scientific and technical elements allowing for a significant

  11. Tsunami risk assessments in Messina, Sicily - Italy

    Science.gov (United States)

    Grezio, A.; Gasparini, P.; Marzocchi, W.; Patera, A.; Tinti, S.

    2012-01-01

    We present a first detailed tsunami risk assessment for the city of Messina where one of the most destructive tsunami inundations of the last centuries occurred in 1908. In the tsunami hazard evaluation, probabilities are calculated through a new general modular Bayesian tool for Probability Tsunami Hazard Assessment. The estimation of losses of persons and buildings takes into account data collected directly or supplied by: (i) the Italian National Institute of Statistics that provides information on the population, on buildings and on many relevant social aspects; (ii) the Italian National Territory Agency that provides updated economic values of the buildings on the basis of their typology (residential, commercial, industrial) and location (streets); and (iii) the Train and Port Authorities. For human beings, a factor of time exposition is introduced and calculated in terms of hours per day in different places (private and public) and in terms of seasons, considering that some factors like the number of tourists can vary by one order of magnitude from January to August. Since the tsunami risk is a function of the run-up levels along the coast, a variable tsunami risk zone is defined as the area along the Messina coast where tsunami inundations may occur.

  12. Tsunami prevention and mitigation necessities and options derived from tsunami risk assessment in Indonesia

    Science.gov (United States)

    Post, J.; Zosseder, K.; Wegscheider, S.; Steinmetz, T.; Mück, M.; Strunz, G.; Riedlinger, T.; Anwar, H. Z.; Birkmann, J.; Gebert, N.

    2009-04-01

    Risk and vulnerability assessment is an important component of an effective End-to-End Tsunami Early Warning System and therefore contributes significantly to disaster risk reduction. Risk assessment is a key strategy to implement and design adequate disaster prevention and mitigation measures. The knowledge about expected tsunami hazard impacts, exposed elements, their susceptibility, coping and adaptation mechanisms is a precondition for the development of people-centred warning structures, local specific response and recovery policy planning. The developed risk assessment and its components reflect the disaster management cycle (disaster time line) and cover the early warning as well as the emergency response phase. Consequently the components hazard assessment, exposure (e.g. how many people/ critical facilities are affected?), susceptibility (e.g. are the people able to receive a tsunami warning?), coping capacity (are the people able to evacuate in time?) and recovery (are the people able to restore their livelihoods?) are addressed and quantified. Thereby the risk assessment encompasses three steps: (i) identifying the nature, location, intensity and probability of potential tsunami threats (hazard assessment); (ii) determining the existence and degree of exposure and susceptibility to those threats; and (iii) identifying the coping capacities and resources available to address or manage these threats. The paper presents results of the research work, which is conducted in the framework of the GITEWS project and the Joint Indonesian-German Working Group on Risk Modelling and Vulnerability Assessment. The assessment methodology applied follows a people-centred approach to deliver relevant risk and vulnerability information for the purposes of early warning and disaster management. The analyses are considering the entire coastal areas of Sumatra, Java and Bali facing the Sunda trench. Selected results and products like risk maps, guidelines, decision support

  13. Asteroid-Generated Tsunami and Impact Risk

    Science.gov (United States)

    Boslough, M.; Aftosmis, M.; Berger, M. J.; Ezzedine, S. M.; Gisler, G.; Jennings, B.; LeVeque, R. J.; Mathias, D.; McCoy, C.; Robertson, D.; Titov, V. V.; Wheeler, L.

    2016-12-01

    The justification for planetary defense comes from a cost/benefit analysis, which includes risk assessment. The contribution from ocean impacts and airbursts is difficult to quantify and represents a significant uncertainty in our assessment of the overall risk. Our group is currently working toward improved understanding of impact scenarios that can generate dangerous tsunami. The importance of asteroid-generated tsunami research has increased because a new Science Definition Team, at the behest of NASA's Planetary Defense Coordinating Office, is now updating the results of a 2003 study on which our current planetary defense policy is based Our group was formed to address this question on many fronts, including asteroid entry modeling, tsunami generation and propagation simulations, modeling of coastal run-ups, inundation, and consequences, infrastructure damage estimates, and physics-based probabilistic impact risk assessment. We also organized the Second International Workshop on Asteroid Threat Assessment, focused on asteroid-generated tsunami and associated risk (Aug. 23-24, 2016). We will summarize our progress and present the highlights of our workshop, emphasizing its relevance to earth and planetary science. Sandia is a multiprogram laboratory operated by Sandia Corporation, a Lockheed Martin Company, for the United States Department of Energy under Contract DE-AC04-94AL85000.

  14. Evaluation of tsunami risk in the Lesser Antilles

    Directory of Open Access Journals (Sweden)

    N. Zahibo

    2001-01-01

    Full Text Available The main goal of this study is to give the preliminary estimates of the tsunami risks for the Lesser Antilles. We investigated the available data of the tsunamis in the French West Indies using the historical data and catalogue of the tsunamis in the Lesser Antilles. In total, twenty-four (24 tsunamis were recorded in this area for last 400 years; sixteen (16 events of the seismic origin, five (5 events of volcanic origin and three (3 events of unknown source. Most of the tsunamigenic earthquakes (13 occurred in the Caribbean, and three tsunamis were generated during far away earthquakes (near the coasts of Portugal and Costa Rica. The estimates of tsunami risk are based on a preliminary analysis of the seismicity of the Caribbean area and the historical data of tsunamis. In particular, we investigate the occurrence of historical extreme runup tsunami data on Guadeloupe, and these data are revised after a survey in Guadeloupe.

  15. Increasing tsunami risk awareness via mobile application

    Science.gov (United States)

    Leelawat, N.; Suppasri, A.; Latcharote, P.; Imamura, F.; Abe, Y.; Sugiyasu, K.

    2017-02-01

    In the information and communication technology era, smartphones have become a necessity. With the capacity and availability of smart technologies, a number of benefits are possible. As a result, designing a mobile application to increase tsunami awareness has been proposed, and a prototype has been designed and developed. The application uses data from the 2011 Great East Japan Tsunami. Based on the current location determined by a GPS function matched with the nearest point extracted from the detailed mesh data of that earlier disaster, the application generates the inundation depth at the user’s location. Thus, not only local people but also tourists visiting the affected areas can understand the risks involved. Application testing has been conducted in an evacuation experiment involving both Japanese and foreign students. The proposed application can be used as a supplementary information tool in tsunami evacuation drills. It also supports the idea of smart tourism: when people realize their risks, they possess risk awareness and hence can reduce their risks. This application can also be considered a contribution to disaster knowledge and technology, as well as to the lessons learned from the practical outcome.

  16. SAFRR (Science Application for Risk Reduction) Tsunami Scenario--Executive Summary and Introduction: Chapter A in The SAFRR (Science Application for Risk Reduction) Tsunami Scenario

    Science.gov (United States)

    Ross, Stephanie L.; Jones, Lucile M.; Miller, Kevin H.; Porter, Keith A.; Wein, Anne; Wilson, Rick I.; Bahng, Bohyun; Barberopoulou, Aggeliki; Borrero, Jose C.; Brosnan, Deborah M.; Bwarie, John T.; Geist, Eric L.; Johnson, Laurie A.; Kirby, Stephen H.; Knight, William R.; Long, Kate; Lynett, Patrick; Mortensen, Carl E.; Nicolsky, Dmitry J.; Perry, Suzanne C.; Plumlee, Geoffrey S.; Real, Charles R.; Ryan, Kenneth; Suleimani, Elena; Thio, Hong Kie; Titov, Vasily V.; Whitmore, Paul M.; Wood, Nathan J.

    2013-01-01

    The Science Application for Risk Reduction (SAFRR) tsunami scenario depicts a hypothetical but plausible tsunami created by an earthquake offshore from the Alaska Peninsula and its impacts on the California coast. The tsunami scenario is a collaboration between the U.S. Geological Survey (USGS), the California Geological Survey, the California Governor’s Office of Emergency Services (Cal OES), the National Oceanic and Atmospheric Administration (NOAA), other Federal, State, County, and local agencies, private companies, and academic and other institutions. This document presents evidence for past tsunamis, the scientific basis for the source, likely inundation areas, current velocities in key ports and harbors, physical damage and repair costs, economic consequences, environmental and ecological impacts, social vulnerability, emergency management and evacuation challenges, and policy implications for California associated with this hypothetical tsunami. We also discuss ongoing mitigation efforts by the State of California and new communication products. The intended users are those who need to make mitigation decisions before future tsunamis, and those who will need to make rapid decisions during tsunami events. The results of the tsunami scenario will help managers understand the context and consequences of their decisions and how they may improve preparedness and response. An evaluation component will assess the effectiveness of the scenario process for target stakeholders in a separate report to improve similar efforts in the future.

  17. The tsunami probabilistic risk assessment of nuclear power plant (3). Outline of tsunami fragility analysis

    International Nuclear Information System (INIS)

    Mihara, Yoshinori

    2012-01-01

    Tsunami Probabilistic Risk Assessment (PRA) standard was issued in February 2012 by Standard Committee of Atomic Energy Society of Japan (AESJ). This article detailed tsunami fragility analysis, which calculated building and structure damage probability contributing core damage and consisted of five evaluation steps: (1) selection of evaluated element and damage mode, (2) selection of evaluation procedure, (3) evaluation of actual stiffness, (4) evaluation of actual response and (5) evaluation of fragility (damage probability and others). As an application example of the standard, calculation results of tsunami fragility analysis investigation by tsunami PRA subcommittee of AESJ were shown reflecting latest knowledge of damage state caused by wave force and others acted by tsunami from the 'off the Pacific Coast of Tohoku Earthquake'. (T. Tanaka)

  18. A Hybrid Tsunami Risk Model for Japan

    Science.gov (United States)

    Haseemkunju, A. V.; Smith, D. F.; Khater, M.; Khemici, O.; Betov, B.; Scott, J.

    2014-12-01

    Around the margins of the Pacific Ocean, denser oceanic plates slipping under continental plates cause subduction earthquakes generating large tsunami waves. The subducting Pacific and Philippine Sea plates create damaging interplate earthquakes followed by huge tsunami waves. It was a rupture of the Japan Trench subduction zone (JTSZ) and the resultant M9.0 Tohoku-Oki earthquake that caused the unprecedented tsunami along the Pacific coast of Japan on March 11, 2011. EQECAT's Japan Earthquake model is a fully probabilistic model which includes a seismo-tectonic model describing the geometries, magnitudes, and frequencies of all potential earthquake events; a ground motion model; and a tsunami model. Within the much larger set of all modeled earthquake events, fault rupture parameters for about 24000 stochastic and 25 historical tsunamigenic earthquake events are defined to simulate tsunami footprints using the numerical tsunami model COMCOT. A hybrid approach using COMCOT simulated tsunami waves is used to generate inundation footprints, including the impact of tides and flood defenses. Modeled tsunami waves of major historical events are validated against observed data. Modeled tsunami flood depths on 30 m grids together with tsunami vulnerability and financial models are then used to estimate insured loss in Japan from the 2011 tsunami. The primary direct report of damage from the 2011 tsunami is in terms of the number of buildings damaged by municipality in the tsunami affected area. Modeled loss in Japan from the 2011 tsunami is proportional to the number of buildings damaged. A 1000-year return period map of tsunami waves shows high hazard along the west coast of southern Honshu, on the Pacific coast of Shikoku, and on the east coast of Kyushu, primarily associated with major earthquake events on the Nankai Trough subduction zone (NTSZ). The highest tsunami hazard of more than 20m is seen on the Sanriku coast in northern Honshu, associated with the JTSZ.

  19. Burden and Management of Noncommunicable Diseases After Earthquakes and Tsunamis.

    Science.gov (United States)

    Suneja, Amit; Gakh, Maxim; Rutkow, Lainie

    This integrative review examines extant literature assessing the burden and management of noncommunicable diseases 6 months or more after earthquakes and tsunamis. We conducted an integrative review to identify and characterize the strength of published studies about noncommunicable disease-specific outcomes and interventions at least 6 months after an earthquake and/or tsunami. We included disasters that occurred from 2004 to 2016. We focused primarily on the World Health Organization noncommunicable disease designations to define chronic disease, but we also included chronic renal disease, risk factors for noncommunicable diseases, and other chronic diseases or symptoms. After removing duplicates, our search yielded 6,188 articles. Twenty-five articles met our inclusion criteria, some discussing multiple noncommunicable diseases. Results demonstrate that existing medical conditions may worsen and subsequently improve, new diseases may develop, and risk factors, such as weight and cholesterol levels, may increase for several years after an earthquake and/or tsunami. We make 3 recommendations for practitioners and researchers: (1) plan for noncommunicable disease management further into the recovery period of disaster; (2) increase research on the burden of noncommunicable diseases, the treatment modalities employed, resulting population-level outcomes in the postdisaster setting, and existing models to improve stakeholder coordination and action regarding noncommunicable diseases after disasters; and (3) coordinate with preexisting provision networks, especially primary care.

  20. Usability and Visual Communication for Southern California Tsunami Evacuation Information: The importance of information design in disaster risk management

    Science.gov (United States)

    Jaenichen, C.; Schandler, S.; Wells, M.; Danielsen, T.

    2015-12-01

    Evacuation behavior, including participation and response, is rarely an individual and isolated process and the outcomes are usually systemic. Ineffective evacuation information can easily attribute to delayed evacuation response. Delays increase demands on already extended emergency personal, increase the likelihood of traffic congestion, and can cause harm to self and property. From an information design perspective, addressing issues in cognitive recall and emergency psychology, this case study examines evacuation messaging including written, audio, and visual presentation of information, and describes the application of design principles and role of visual communication for Southern California tsunami evacuation outreach. The niche of this project is the inclusion of cognitive processing as the driving influence when making formal design decisions and measurable data from a 4-year cognitive recall study to support the solution. Image included shows a tsunami evacaution map before and after the redesign.

  1. Changes in Tsunami Risk Perception in Northern Chile After the April 1 2014 Tsunami

    Science.gov (United States)

    Carvalho, L.; Lagos, M.

    2016-12-01

    Tsunamis are a permanent risk in the coast of Chile. Apart from that, the coastal settlements and the Chilean State, historically, have underestimated the danger of tsunamis. On April 1 2014, a magnitude Mw 8.2 earthquake and a minor tsunami occurred off the coast of northern Chile. Considering that over decades this region has been awaiting an earthquake that would generate a large tsunami, in this study we inquired if the familiarity with the subject tsunami and the lack of frequent tsunamis or occurrence of non-hazardous tsunamis for people could lead to adaptive responses to underestimate the danger. The purpose of this study was to evaluate the perceived risk of tsunami in the city of Arica, before and after the April 1 2014 event. A questionnaire was designed and applied in two time periods to 547 people living in low coastal areas in Arica. In the first step, the survey was applied in March 2014. While in step 2, new questions were included and the survey was reapplied, a year after the minor tsunami. A descriptive analysis of data was performed, followed by a comparison between means. We identified illusion of invulnerability, especially regarding to assessment that preparedness and education actions are enough. Answers about lack of belief in the occurrence of future tsunamis were also reported. At the same time, there were learning elements identified. After April 1, a larger number of participants described self-protection actions for emergency, as well as performing of preventive actions. In addition, we mapped answers about the tsunami danger degree in different locations in the city, where we observed a high knowledge of it. When compared with other hazards, the concern about tsunamis were very high, lower than earthquakes hazard, but higher than pollution, crime and rain. Moreover, we identified place attachment in answers about sense of security and affective bonds with home and their location. We discussed the relationship between risk perception

  2. Tsunamis

    Science.gov (United States)

    ... busy after a disaster. Use text messages or social media to communicate with family and friends. Shareables Tsunami ... Power Plants Pandemic Power Outages Radiological Dispersion Device Severe ...

  3. Tsunami risk assessments in Messina, Sicily – Italy

    Directory of Open Access Journals (Sweden)

    A. Grezio

    2012-01-01

    Full Text Available We present a first detailed tsunami risk assessment for the city of Messina where one of the most destructive tsunami inundations of the last centuries occurred in 1908. In the tsunami hazard evaluation, probabilities are calculated through a new general modular Bayesian tool for Probability Tsunami Hazard Assessment. The estimation of losses of persons and buildings takes into account data collected directly or supplied by: (i the Italian National Institute of Statistics that provides information on the population, on buildings and on many relevant social aspects; (ii the Italian National Territory Agency that provides updated economic values of the buildings on the basis of their typology (residential, commercial, industrial and location (streets; and (iii the Train and Port Authorities. For human beings, a factor of time exposition is introduced and calculated in terms of hours per day in different places (private and public and in terms of seasons, considering that some factors like the number of tourists can vary by one order of magnitude from January to August. Since the tsunami risk is a function of the run-up levels along the coast, a variable tsunami risk zone is defined as the area along the Messina coast where tsunami inundations may occur.

  4. Earthquake and Tsunami: a movie and a book for seismic and tsunami risk reduction in Italy.

    Science.gov (United States)

    Nostro, C.; Baroux, E.; Maramai, A.; Graziani, L.; Tertulliani, A.; Castellano, C.; Arcoraci, L.; Casale, P.; Ciaccio, M. G.; Frepoli, A.

    2009-04-01

    Italy is a country well known for the seismic and volcanic hazard. However, a similarly great hazard, although not well recognized, is posed by the occurrence of tsunami waves along the Italian coastline. This is testified by a rich catalogue and by field evidence of deposits left over by pre- and historical tsunamis, even in places today considered safe. This observation is of great importance since many of the areas affected by tsunamis in the past are today touristic places. The Italian tsunamis can be caused by different sources: 1- off-shore or near coast in-land earthquakes; 2- very large earthquakes on distant sources in the Mediterranean; 3- submarine volcanic explosion in the Tyrrhenian sea; 4- submarine landslides triggered by earthquakes and volcanic activity. The consequence of such a wide spectrum of sources is that an important part of the more than 7000 km long Italian coast line is exposed to the tsunami risk, and thousands of inhabitants (with numbers increasing during summer) live near hazardous coasts. The main historical tsunamis are the 1783 and 1908 events that hit Calabrian and Sicilian coasts. The recent tsunami is that caused by the 2002 Stromboli landslide. In order to reduce this risk and following the emotional impact of the December 2004 Sumatra earthquake and tsunami, we developed an outreach program consisting in talks given by scientists and in a movie and a book, both exploring the causes of the tsunami waves, how do they propagate in deep and shallow waters, and what are the effects on the coasts. Hints are also given on the most dangerous Italian coasts (as deduced by scientific studies), and how to behave in the case of a tsunami approaching the coast. These seminars are open to the general public, but special programs are developed with schools of all grades. In this talk we want to present the book and the movie used during the seminars and scientific expositions, that was realized from a previous 3D version originally

  5. Scenario-based tsunami risk assessment using a static flooding approach and high-resolution digital elevation data: An example from Muscat in Oman

    Science.gov (United States)

    Schneider, Bastian; Hoffmann, Gösta; Reicherter, Klaus

    2016-04-01

    Knowledge of tsunami risk and vulnerability is essential to establish a well-adapted Multi Hazard Early Warning System, land-use planning and emergency management. As the tsunami risk for the coastline of Oman is still under discussion and remains enigmatic, various scenarios based on historical tsunamis were created. The suggested inundation and run-up heights were projected onto the modern infrastructural setting of the Muscat Capital Area. Furthermore, possible impacts of the worst-case tsunami event for Muscat are discussed. The approved Papathoma Tsunami Vulnerability Assessment Model was used to model the structural vulnerability of the infrastructure for a 2 m tsunami scenario, depicting the 1945 tsunami and a 5 m tsunami in Muscat. Considering structural vulnerability, the results suggest a minor tsunami risk for the 2 m tsunami scenario as the flooding is mainly confined to beaches and wadis. Especially traditional brick buildings, still predominant in numerous rural suburbs, and a prevalently coast-parallel road network lead to an increased tsunami risk. In contrast, the 5 m tsunami scenario reveals extensively inundated areas and with up to 48% of the buildings flooded, and therefore consequently a significantly higher tsunami risk. We expect up to 60000 damaged buildings and up to 380000 residents directly affected in the Muscat Capital Area, accompanied with a significant loss of life and damage to vital infrastructure. The rapid urbanization processes in the Muscat Capital Area, predominantly in areas along the coast, in combination with infrastructural, demographic and economic growth will additionally increase the tsunami risk and therefore emphasizes the importance of tsunami risk assessment in Oman.

  6. Tsunamis

    Science.gov (United States)

    ... created by an underwater disturbance. Causes include earthquakes, landslides, volcanic eruptions, or meteorites--chunks of rock from space that strike the surface of Earth. A tsunami can move hundreds of miles per ...

  7. Tsunami Hockey

    Science.gov (United States)

    Weinstein, S.; Becker, N. C.; Wang, D.; Fryer, G. J.

    2013-12-01

    An important issue that vexes tsunami warning centers (TWCs) is when to cancel a tsunami warning once it is in effect. Emergency managers often face a variety of pressures to allow the public to resume their normal activities, but allowing coastal populations to return too quickly can put them at risk. A TWC must, therefore, exercise caution when cancelling a warning. Kim and Whitmore (2013) show that in many cases a TWC can use the decay of tsunami oscillations in a harbor to forecast when its amplitudes will fall to safe levels. This technique should prove reasonably robust for local tsunamis (those that are potentially dangerous within only 100 km of their source region) and for regional tsunamis (whose danger is limited to within 1000km of the source region) as well. For ocean-crossing destructive tsunamis such as the 11 March 2011 Tohoku tsunami, however, this technique may be inadequate. When a tsunami propagates across the ocean basin, it will encounter topographic obstacles such as seamount chains or coastlines, resulting in coherent reflections that can propagate great distances. When these reflections reach previously-impacted coastlines, they can recharge decaying tsunami oscillations and make them hazardous again. Warning center scientists should forecast sea-level records for 24 hours beyond the initial tsunami arrival in order to observe any potential reflections that may pose a hazard. Animations are a convenient way to visualize reflections and gain a broad geographic overview of their impacts. The Pacific Tsunami Warning Center has developed tools based on tsunami simulations using the RIFT tsunami forecast model. RIFT is a linear, parallelized numerical tsunami propagation model that runs very efficiently on a multi-CPU system (Wang et al, 2012). It can simulate 30-hours of tsunami wave propagation in the Pacific Ocean at 4 arc minute resolution in approximately 6 minutes of real time on a 12-CPU system. Constructing a 30-hour animation using 1

  8. Tsunami hazard

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-08-15

    Tohoku Earthquake Tsunami on 11 March, 2011 has led the Fukushima Daiichi nuclear power plant to a serious accident, which highlighted a variety of technical issues such as a very low design tsunami height and insufficient preparations in case a tsunami exceeding the design tsunami height. Lessons such as to take measures to be able to maintain the important safety features of the facility for tsunamis exceeding design height and to implement risk management utilizing Probabilistic Safety Assessment are shown. In order to implement the safety assessment on nuclear power plants across Japan accordingly to the back-fit rule, Nuclear Regulatory Commission will promulgate/execute the New Safety Design Criteria in July 2013. JNES has positioned the 'enhancement of probabilistic tsunami hazard assessment' as highest priority issue and implemented in order to support technically the Nuclear Regulatory Authority in formulating the new Safety Design Criteria. Findings of the research had reflected in the 'Technical Review Guidelines for Assessing Design Tsunami Height based on tsunami hazards'. (author)

  9. Tsunami hazard

    International Nuclear Information System (INIS)

    2013-01-01

    Tohoku Earthquake Tsunami on 11 March, 2011 has led the Fukushima Daiichi nuclear power plant to a serious accident, which highlighted a variety of technical issues such as a very low design tsunami height and insufficient preparations in case a tsunami exceeding the design tsunami height. Lessons such as to take measures to be able to maintain the important safety features of the facility for tsunamis exceeding design height and to implement risk management utilizing Probabilistic Safety Assessment are shown. In order to implement the safety assessment on nuclear power plants across Japan accordingly to the back-fit rule, Nuclear Regulatory Commission will promulgate/execute the New Safety Design Criteria in July 2013. JNES has positioned the 'enhancement of probabilistic tsunami hazard assessment' as highest priority issue and implemented in order to support technically the Nuclear Regulatory Authority in formulating the new Safety Design Criteria. Findings of the research had reflected in the 'Technical Review Guidelines for Assessing Design Tsunami Height based on tsunami hazards'. (author)

  10. Tsunami risk assessment for facility group over a wide area using inundation assessment method considering energy conservation law

    International Nuclear Information System (INIS)

    Fukutani, Yo; Imamura, Fumihiko; Tokunaga, Takeshi; Sato, Ichiro

    2015-01-01

    We propose a quantitative evaluation method of overall tsunami risk that the entire facility group over a wide area holds. We considerably reduced the calculation cost for tsunami inundation depth by adopting the evaluation method using energy conservation law as compared with the evaluation method using non-linear long wave equation. For financial institutions such as banks and insurance companies with contractors over a wide area and business companies with multiple their assets and facilities in various places, the proposed evaluation method in this study could be a useful approach to implement their risk-based management decisions for tsunami risk. (author)

  11. Modelling tsunami inundation for risk analysis at the Andaman Sea Coast of Thailand

    Science.gov (United States)

    Kaiser, G.; Kortenhaus, A.

    2009-04-01

    The mega-tsunami of Dec. 26, 2004 strongly impacted the Andaman Sea coast of Thailand and devastated coastal ecosystems as well as towns, settlements and tourism resorts. In addition to the tragic loss of many lives, the destruction or damage of life-supporting infrastructure, such as buildings, roads, water & power supply etc. caused high economic losses in the region. To mitigate future tsunami impacts there is a need to assess the tsunami hazard and vulnerability in flood prone areas at the Andaman Sea coast in order to determine the spatial distribution of risk and to develop risk management strategies. In the bilateral German-Thai project TRAIT research is performed on integrated risk assessment for the Provinces Phang Nga and Phuket in southern Thailand, including a hazard analysis, i.e. modelling tsunami propagation to the coast, tsunami wave breaking and inundation characteristics, as well as vulnerability analysis of the socio-economic and the ecological system in order to determine the scenario-based, specific risk for the region. In this presentation results of the hazard analysis and the inundation simulation are presented and discussed. Numerical modelling of tsunami propagation and inundation simulation is an inevitable tool for risk analysis, risk management and evacuation planning. While numerous investigations have been made to model tsunami wave generation and propagation in the Indian Ocean, there is still a lack in determining detailed inundation patterns, i.e. water depth and flow dynamics. However, for risk management and evacuation planning this knowledge is essential. As the accuracy of the inundation simulation is strongly depending on the available bathymetric and the topographic data, a multi-scale approach is chosen in this work. The ETOPO Global Relief Model as a bathymetric basis and the Shuttle Radar Topography Mission (SRTM90) have been widely applied in tsunami modelling approaches as these data are free and almost world

  12. Tsunami shelter in Padang city: Location suitability and management issue

    Science.gov (United States)

    Rita, Eva; Permata, Robby; Yonne, Hilma; Carlo, Nasfryzal

    2017-11-01

    The building of Temporary Evacuation Sites (TES/shelter) is an effort to minimize the vulnerability of the population who live in coastal city areas with high risk of tsunami. Padang city in Indonesia, one of the cities with high risk of tsunami, has built shelter in North Ulak Karang Village, North Padang Sub-district. The problems are the location of shelter does not meet the standard of population number, how to manage the shelter in normal condition (without disaster), and who will be responsible for the management of the shelter. The aim of the study is to learn the suitability of shelter location and the management of the shelter in normal condition as well as the expectation of the people who live near the shelter location. This research uses evaluative-descriptive method with the collection of secondary and primary data through structured interviews with 200 respondents in the area of shelter building. The result shows that the furthest location of the shelter is located at RW 03 with a distance of 1.3 kms which takes 12.15-24.30 minutes. It shows that the shelter location in Padang meets the requirement of FEMA P646. At normal condition, shelter can be used for sport and educational activities, as a center for socialisation and simulation of disaster and other activities. The management of the shelter is done together by government and stakeholders. The proposed management is by forming a team (organization) which involves Disaster Alert groups (KSB) and by making the Standard Operational Procedures (SOP) for their implementation. People expect that the number of shelter is added and the building of the shelter is based on the suitability of location, number of population and availability of land.

  13. Affect, risk perception and future optimism after the tsunami disaster

    Directory of Open Access Journals (Sweden)

    Daniel Vastfjall

    2008-01-01

    Full Text Available Environmental events such as natural disasters may influence the public's affective reactions and decisions. Shortly after the 2004 Tsunami disaster we assessed how affect elicited by thinking about this disaster influenced risk perceptions and future time perspective in Swedish undergraduates not directly affected by the disaster. An experimental manipulation was used to increase the salience of affect associated with the disaster. In Study 1 we found that participants reminded about the tsunami had a sense that their life was more finite and included fewer opportunities than participants in the control condition (not reminded about the tsunami. In Study 2 we found similar effects for risk perceptions. In addition, we showed that manipulations of ease-of-thought influenced the extent to which affect influenced these risk perceptions, with greater ease of thoughts being associated with greater perceived risks.

  14. Tsunami Risk Assessment Modelling in Chabahar Port, Iran

    Science.gov (United States)

    Delavar, M. R.; Mohammadi, H.; Sharifi, M. A.; Pirooz, M. D.

    2017-09-01

    The well-known historical tsunami in the Makran Subduction Zone (MSZ) region was generated by the earthquake of November 28, 1945 in Makran Coast in the North of Oman Sea. This destructive tsunami killed over 4,000 people in Southern Pakistan and India, caused great loss of life and devastation along the coasts of Western India, Iran and Oman. According to the report of "Remembering the 1945 Makran Tsunami", compiled by the Intergovernmental Oceanographic Commission (UNESCO/IOC), the maximum inundation of Chabahar port was 367 m toward the dry land, which had a height of 3.6 meters from the sea level. In addition, the maximum amount of inundation at Pasni (Pakistan) reached to 3 km from the coastline. For the two beaches of Gujarat (India) and Oman the maximum run-up height was 3 m from the sea level. In this paper, we first use Makran 1945 seismic parameters to simulate the tsunami in generation, propagation and inundation phases. The effect of tsunami on Chabahar port is simulated using the ComMIT model which is based on the Method of Splitting Tsunami (MOST). In this process the results are compared with the documented eyewitnesses and some reports from researchers for calibration and validation of the result. Next we have used the model to perform risk assessment for Chabahar port in the south of Iran with the worst case scenario of the tsunami. The simulated results showed that the tsunami waves will reach Chabahar coastline 11 minutes after generation and 9 minutes later, over 9.4 Km2 of the dry land will be flooded with maximum wave amplitude reaching up to 30 meters.

  15. TSUNAMI RISK ASSESSMENT MODELLING IN CHABAHAR PORT, IRAN

    Directory of Open Access Journals (Sweden)

    M. R. Delavar

    2017-09-01

    Full Text Available The well-known historical tsunami in the Makran Subduction Zone (MSZ region was generated by the earthquake of November 28, 1945 in Makran Coast in the North of Oman Sea. This destructive tsunami killed over 4,000 people in Southern Pakistan and India, caused great loss of life and devastation along the coasts of Western India, Iran and Oman. According to the report of "Remembering the 1945 Makran Tsunami", compiled by the Intergovernmental Oceanographic Commission (UNESCO/IOC, the maximum inundation of Chabahar port was 367 m toward the dry land, which had a height of 3.6 meters from the sea level. In addition, the maximum amount of inundation at Pasni (Pakistan reached to 3 km from the coastline. For the two beaches of Gujarat (India and Oman the maximum run-up height was 3 m from the sea level. In this paper, we first use Makran 1945 seismic parameters to simulate the tsunami in generation, propagation and inundation phases. The effect of tsunami on Chabahar port is simulated using the ComMIT model which is based on the Method of Splitting Tsunami (MOST. In this process the results are compared with the documented eyewitnesses and some reports from researchers for calibration and validation of the result. Next we have used the model to perform risk assessment for Chabahar port in the south of Iran with the worst case scenario of the tsunami. The simulated results showed that the tsunami waves will reach Chabahar coastline 11 minutes after generation and 9 minutes later, over 9.4 Km2 of the dry land will be flooded with maximum wave amplitude reaching up to 30 meters.

  16. Coastal Tsunami and Risk Assessment for Eastern Mediterranean Countries

    Science.gov (United States)

    Kentel, E.; Yavuz, C.

    2017-12-01

    Tsunamis are rarely experienced events that have enormous potential to cause large economic destruction on the critical infrastructures and facilities, social devastation due to mass casualty, and environmental adverse effects like erosion, accumulation and inundation. Especially for the past two decades, nations have encountered devastating tsunami events. The aim of this study is to investigate risks along the Mediterranean coastline due to probable tsunamis based on simulations using reliable historical data. In order to do this, 50 Critical Regions, CRs, (i.e. city centers, agricultural areas and summer villages) and 43 Critical Infrastructures, CIs, (i.e. airports, ports & marinas and industrial structures) are determined to perform people-centered risk assessment along Eastern Mediterranean region covering 7 countries. These countries include Turkey, Syria, Lebanon, Israel, Egypt, Cyprus, and Libya. Bathymetry of the region is given in Figure 1. In this study, NAMI-DANCE is used to carry out tsunami simulations. Source of a sample tsunami simulation and maximum wave propagation in the study area for this sample tsunami are given in Figures 2 and 3, respectively.Richter magnitude,, focal depth, time of occurrence in a day and season are considered as the independent parameters of the earthquake. Historical earthquakes are used to generate reliable probability distributions for these parameters. Monte Carlo (MC) Simulations are carried out to evaluate overall risks at the coastline. Inundation level, population density, number of passenger or employee, literacy rate, annually income level and existence of human are used in risk estimations. Within each MC simulation and for each grid in the study area, people-centered tsunami risk for each of the following elements at risk is calculated: i. City centers ii. Agricultural areas iii. Summer villages iv. Ports and marinas v. Airports vi. Industrial structures Risk levels at each grid along the shoreline are

  17. The SAFRR tsunami scenario-physical damage in California: Chapter E in The SAFRR (Science Application for Risk Reduction) Tsunami Scenario

    Science.gov (United States)

    Porter, Keith; Byers, William; Dykstra, David; Lim, Amy; Lynett, Patrick; Ratliff, Jaime; Scawthorn, Charles; Wein, Anne; Wilson, Rick

    2013-01-01

    damageability of assets exposed to loss. Then, applying the damageability model and the velocity, wave amplitude, and inundation models discussed in other SAFRR chapters we offer a single realistic depiction of damage. Other outcomes are of course possible for this hypothetical event. Where practical we estimate repair costs and estimate the duration required to restore the assets to their pre-tsunami condition. We identify opportunities to enhance the resiliency of the assets, either through making them less vulnerable to damage or able to recover more quickly in spite of the damage. Finally, we identify uncertainties in the modeling where research would improve our understanding of the underlying mechanisms of damage and loss or otherwise improve our ability to estimate the future impacts of tsunamis and inform risk-management decisions for tsunamis. However, it is certain that the kinds of damages discussed here have occurred in past tsunamis, even in developed nations, and in a sufficiently large event, will occur in California. Our uncertainties can operate in either direction, either leading to an overestimate of damage or an underestimate. Therefore, losses in an actual future tsunami could be greater than depicted here. Furthermore this evaluation is not intended to be an exhaustive depiction of what could happen in this or similar tsunamis. Other impacts could occur that are not presented here.

  18. Tsunami hazard and risk assessment in El Salvador

    Science.gov (United States)

    González, M.; González-Riancho, P.; Gutiérrez, O. Q.; García-Aguilar, O.; Aniel-Quiroga, I.; Aguirre, I.; Alvarez, J. A.; Gavidia, F.; Jaimes, I.; Larreynaga, J. A.

    2012-04-01

    Tsunamis are relatively infrequent phenomena representing a greater threat than earthquakes, hurricanes and tornadoes, causing the loss of thousands of human lives and extensive damage to coastal infrastructure around the world. Several works have attempted to study these phenomena in order to understand their origin, causes, evolution, consequences, and magnitude of their damages, to finally propose mechanisms to protect coastal societies. Advances in the understanding and prediction of tsunami impacts allow the development of adaptation and mitigation strategies to reduce risk on coastal areas. This work -Tsunami Hazard and Risk Assessment in El Salvador-, funded by AECID during the period 2009-12, examines the state of the art and presents a comprehensive methodology for assessing the risk of tsunamis at any coastal area worldwide and applying it to the coast of El Salvador. The conceptual framework is based on the definition of Risk as the probability of harmful consequences or expected losses resulting from a given hazard to a given element at danger or peril, over a specified time period (European Commission, Schneiderbauer et al., 2004). The HAZARD assessment (Phase I of the project) is based on propagation models for earthquake-generated tsunamis, developed through the characterization of tsunamigenic sources -sismotectonic faults- and other dynamics under study -tsunami waves, sea level, etc.-. The study area is located in a high seismic activity area and has been hit by 11 tsunamis between 1859 and 1997, nine of them recorded in the twentieth century and all generated by earthquakes. Simulations of historical and potential tsunamis with greater or lesser affection to the country's coast have been performed, including distant sources, intermediate and close. Deterministic analyses of the threats under study -coastal flooding- have been carried out, resulting in different hazard maps (maximum wave height elevation, maximum water depth, minimum tsunami

  19. The Components of Community Awareness and Preparedness; its Effects on the Reduction of Tsunami Vulnerability and Risk

    Science.gov (United States)

    Tufekci, Duygu; Lutfi Suzen, Mehmet; Cevdet Yalciner, Ahmet

    2017-04-01

    The resilience of coastal communities against tsunamis are dependent on preparedness of the communities. Preparedness covers social and structural components which increases with the awareness in the community against tsunamis. Therefore, proper evaluation of all components of preparedness will help communities to reduce the adverse effects of tsunamis and increase the overall resilience of communities. On the other hand, the complexity of the metropolitan life with its social and structural components necessitates explicit vulnerability assessments for proper determination of tsunami risk, and development of proper mitigation strategies and recovery plans. Assessing the vulnerability and resilience level of a region against tsunamis and efforts for reducing the tsunami risk are the key components of disaster management. Since increasing the awareness of coastal communities against tsunamis is one of the main objectives of disaster management, then it should be considered as one of the parameter in tsunami risk analysis. In the method named MetHuVA (METU - Metropolitan Human Tsunami Vulnerability Assessment) proposed by Cankaya et al., (2016) and Tufekci et al., (2016), the awareness and preparedness level of the community is revealed to be an indispensable parameter with a great effect on tsunami risk. According to the results obtained from those studies, it becomes important that the awareness and preparedness parameter (n) must be analyzed by considering their interaction and all related components. While increasing awareness can be achieved, vulnerability and risk will be reduced. In this study the components of awareness and preparedness parameter (n) is analyzed in different categories by considering administrative, social, educational, economic and structural preparedness of the coastal communities. Hence the proposed awareness and preparedness parameter can properly be analyzed and further improvements can be achieved in vulnerability and risk analysis

  20. Crisis management of tohoku; Japan earthquake and tsunami, 11 march 2011.

    Science.gov (United States)

    Zaré, M; Afrouz, S Ghaychi

    2012-01-01

    The huge earthquake in 11 March 2012 which followed by a destructive tsunami in Japan was largest recorded earthquake in the history. Japan is pioneer in disaster management, especially earthquakes. How this developed country faced this disaster, which had significant worldwide effects? The humanitarian behavior of the Japanese people amazingly wondered the word's media, meanwhile the management of government and authorities showed some deficiencies. The impact of the disaster is followed up after the event and the different impacts are tried to be analyzed in different sectors. The situation one year after Japan 2011 earthquake and Tsunami is overviewed. The reason of Japanese plans failure was the scale of tsunami, having higher waves than what was assumed, especially in the design of the Nuclear Power Plant. Japanese authorities considered economic benefits more than safety and moral factors exacerbate the situation. Major lessons to be learnt are 1) the effectiveness of disaster management should be restudied in all hazardous countries; 2) the importance of the high-Tech early-warning systems in reducing risk; 3) Reconsidering of extreme values expected/possible hazard and risk levels is necessary; 4) Morality and might be taken as an important factor in disaster management; 5) Sustainable development should be taken as the basis for reconstruction after disaster.

  1. Evaluation of tsunami risk in Heraklion city, Crete, Greece, by using GIS methods

    Science.gov (United States)

    Triantafyllou, Ioanna; Fokaefs, Anna; Novikova, Tatyana; Papadopoulos, Gerasimos A.; Vaitis, Michalis

    2016-04-01

    The Hellenic Arc is the most active seismotectonic structure in the Mediterranean region. The island of Crete occupies the central segment of the arc which is characterized by high seismic and tsunami activity. Several tsunamis generated by large earthquakes, volcanic eruptions and landslides were reported that hit the capital city of Heraklion in the historical past. We focus our tsunami risk study in the northern coastal area of Crete (ca. 6 km in length and 1 km in maximum width) which includes the western part of the city of Heraklion and a large part of the neighboring municipality of Gazi. The evaluation of tsunami risk included calculations and mapping with QGIS of (1) cost for repairing buildings after tsunami damage, (2) population exposed to tsunami attack, (3) optimum routes and times for evacuation. To calculate the cost for building reparation after a tsunami attack we have determined the tsunami inundation zone in the study area after numerical simulations for extreme tsunami scenarios. The geographical distribution of buildings per building block, obtained from the 2011 census data of the Hellenic Statistical Authority (EL.STAT) and satellite data, was mapped. By applying the SCHEMA Damage Tool we assessed the building vulnerability to tsunamis according to the types of buildings and their expected damage from the hydrodynamic impact. A set of official cost rates varying with the building types and the damage levels, following standards set by the state after the strong damaging earthquakes in Greece in 2014, was applied to calculate the cost of rebuilding or repairing buildings damaged by the tsunami. In the investigation of the population exposed to tsunami inundation we have used the interpolation method to smooth out the population geographical distribution per building block within the inundation zone. Then, the population distribution was correlated with tsunami hydrodynamic parameters in the inundation zone. The last approach of tsunami risk

  2. Lessons for tsunami risk mitigation from recent events occured in Chile: research findings for alerting and evacuation from interdisciplinary perspectives

    Science.gov (United States)

    Cienfuegos, R.; Catalan, P. A.; Leon, J.; Gonzalez, G.; Repetto, P.; Urrutia, A.; Tomita, T.; Orellana, V.

    2016-12-01

    In the wake of the 2010 tsunami that hit Chile, a major public effort to promote interdisciplinary disaster reseach was undertaken by the Comisión Nacional de Investigación Científica y Tecnológica (Conicyt) allocating funds to create the Center for Integrated Research on Natural Risks Management (CIGIDEN). This effort has been key in promoting associativity between national and international research teams in order to transform the frequent occurrence of extreme events that affect Chile into an opportunity for interdisciplinary research. In this presentation we will summarize some of the fundamental research findings regarding tsunami forecasting, alerting, and evacuation processes based on interdisciplinary field work campaigns and modeling efforts conducted in the wake of the three most recent destructive events that hit Chile in 2010, 2014, and 2015. One of the main results that we shall emphatize from these findings, is that while research and operational efforts to model and forecast tsunamis are important, technological positivisms should not undermine educational efforts that have proved to be effective in reducing casualties due to tsunamis in the near field. Indeed, in recent events that hit Chile, first tsunami waves reached the adjacent generation zones in time scales comparable with the required time for data gathering and modeling even for the most sophisticated early warning tsunami algorithms currently available. The latter emphasizes self-evacuation from coastal areas, while forecasting and monitoring tsunami hazards remain very important for alerting more distant areas, and are essential for alert cancelling especially when shelf and embayment resonance, and edge wave propagation may produce destructive late tsunami arrivals several hours after the nucleation of the earthquake. By combining some of the recent evidence we have gathered in Chile on seismic source uncertainities (both epistemic and aleatoric), tsunami hydrodynamics, the response

  3. Proposal of a method for evaluating tsunami risk using response-surface methodology

    Science.gov (United States)

    Fukutani, Y.

    2017-12-01

    Information on probabilistic tsunami inundation hazards is needed to define and evaluate tsunami risk. Several methods for calculating these hazards have been proposed (e.g. Løvholt et al. (2012), Thio (2012), Fukutani et al. (2014), Goda et al. (2015)). However, these methods are inefficient, and their calculation cost is high, since they require multiple tsunami numerical simulations, therefore lacking versatility. In this study, we proposed a simpler method for tsunami risk evaluation using response-surface methodology. Kotani et al. (2016) proposed an evaluation method for the probabilistic distribution of tsunami wave-height using a response-surface methodology. We expanded their study and developed a probabilistic distribution of tsunami inundation depth. We set the depth (x1) and the slip (x2) of an earthquake fault as explanatory variables and tsunami inundation depth (y) as an object variable. Subsequently, tsunami risk could be evaluated by conducting a Monte Carlo simulation, assuming that the generation probability of an earthquake follows a Poisson distribution, the probability distribution of tsunami inundation depth follows the distribution derived from a response-surface, and the damage probability of a target follows a log normal distribution. We applied the proposed method to a wood building located on the coast of Tokyo Bay. We implemented a regression analysis based on the results of 25 tsunami numerical calculations and developed a response-surface, which was defined as y=ax1+bx2+c (a:0.2615, b:3.1763, c=-1.1802). We assumed proper probabilistic distribution for earthquake generation, inundation height, and vulnerability. Based on these probabilistic distributions, we conducted Monte Carlo simulations of 1,000,000 years. We clarified that the expected damage probability of the studied wood building is 22.5%, assuming that an earthquake occurs. The proposed method is therefore a useful and simple way to evaluate tsunami risk using a response

  4. Alaska earthquake source for the SAFRR tsunami scenario: Chapter B in The SAFRR (Science Application for Risk Reduction) Tsunami Scenario

    Science.gov (United States)

    Kirby, Stephen; Scholl, David; von Huene, Roland E.; Wells, Ray

    2013-01-01

    Tsunami modeling has shown that tsunami sources located along the Alaska Peninsula segment of the Aleutian-Alaska subduction zone have the greatest impacts on southern California shorelines by raising the highest tsunami waves for a given source seismic moment. The most probable sector for a Mw ~ 9 source within this subduction segment is between Kodiak Island and the Shumagin Islands in what we call the Semidi subduction sector; these bounds represent the southwestern limit of the 1964 Mw 9.2 Alaska earthquake rupture and the northeastern edge of the Shumagin sector that recent Global Positioning System (GPS) observations indicate is currently creeping. Geological and geophysical features in the Semidi sector that are thought to be relevant to the potential for large magnitude, long-rupture-runout interplate thrust earthquakes are remarkably similar to those in northeastern Japan, where the destructive Mw 9.1 tsunamigenic earthquake of 11 March 2011 occurred. In this report we propose and justify the selection of a tsunami source seaward of the Alaska Peninsula for use in the Tsunami Scenario that is part of the U.S. Geological Survey (USGS) Science Application for Risk Reduction (SAFRR) Project. This tsunami source should have the potential to raise damaging tsunami waves on the California coast, especially at the ports of Los Angeles and Long Beach. Accordingly, we have summarized and abstracted slip distribution from the source literature on the 2011 event, the best characterized for any subduction earthquake, and applied this synoptic slip distribution to the similar megathrust geometry of the Semidi sector. The resulting slip model has an average slip of 18.6 m and a moment magnitude of Mw = 9.1. The 2011 Tohoku earthquake was not anticipated, despite Japan having the best seismic and geodetic networks in the world and the best historical record in the world over the past 1,500 years. What was lacking was adequate paleogeologic data on prehistoric earthquakes

  5. Probabilistic Tsunami Hazard Analysis

    Science.gov (United States)

    Thio, H. K.; Ichinose, G. A.; Somerville, P. G.; Polet, J.

    2006-12-01

    The recent tsunami disaster caused by the 2004 Sumatra-Andaman earthquake has focused our attention to the hazard posed by large earthquakes that occur under water, in particular subduction zone earthquakes, and the tsunamis that they generate. Even though these kinds of events are rare, the very large loss of life and material destruction caused by this earthquake warrant a significant effort towards the mitigation of the tsunami hazard. For ground motion hazard, Probabilistic Seismic Hazard Analysis (PSHA) has become a standard practice in the evaluation and mitigation of seismic hazard to populations in particular with respect to structures, infrastructure and lifelines. Its ability to condense the complexities and variability of seismic activity into a manageable set of parameters greatly facilitates the design of effective seismic resistant buildings but also the planning of infrastructure projects. Probabilistic Tsunami Hazard Analysis (PTHA) achieves the same goal for hazards posed by tsunami. There are great advantages of implementing such a method to evaluate the total risk (seismic and tsunami) to coastal communities. The method that we have developed is based on the traditional PSHA and therefore completely consistent with standard seismic practice. Because of the strong dependence of tsunami wave heights on bathymetry, we use a full waveform tsunami waveform computation in lieu of attenuation relations that are common in PSHA. By pre-computing and storing the tsunami waveforms at points along the coast generated for sets of subfaults that comprise larger earthquake faults, we can efficiently synthesize tsunami waveforms for any slip distribution on those faults by summing the individual subfault tsunami waveforms (weighted by their slip). This efficiency make it feasible to use Green's function summation in lieu of attenuation relations to provide very accurate estimates of tsunami height for probabilistic calculations, where one typically computes

  6. Risk management

    OpenAIRE

    Mcmanus, John

    2009-01-01

    Few projects are completed on time, on budget, and to their original requirement or specifications. Focusing on what project managers need to know about risk in the pursuit of delivering projects, Risk Management covers key components of the risk management process and the software development process, as well as best practices for risk identification, risk planning, and risk analysis. The book examines risk planning, risk analysis responses to risk, the tracking and modelling of risks, intel...

  7. Seaside, Oregon, Tsunami Vulnerability Assessment Pilot Study

    Science.gov (United States)

    Dunbar, P. K.; Dominey-Howes, D.; Varner, J.

    2006-12-01

    The results of a pilot study to assess the risk from tsunamis for the Seaside-Gearhart, Oregon region will be presented. To determine the risk from tsunamis, it is first necessary to establish the hazard or probability that a tsunami of a particular magnitude will occur within a certain period of time. Tsunami inundation maps that provide 100-year and 500-year probabilistic tsunami wave height contours for the Seaside-Gearhart, Oregon, region were developed as part of an interagency Tsunami Pilot Study(1). These maps provided the probability of the tsunami hazard. The next step in determining risk is to determine the vulnerability or degree of loss resulting from the occurrence of tsunamis due to exposure and fragility. The tsunami vulnerability assessment methodology used in this study was developed by M. Papathoma and others(2). This model incorporates multiple factors (e.g. parameters related to the natural and built environments and socio-demographics) that contribute to tsunami vulnerability. Data provided with FEMA's HAZUS loss estimation software and Clatsop County, Oregon, tax assessment data were used as input to the model. The results, presented within a geographic information system, reveal the percentage of buildings in need of reinforcement and the population density in different inundation depth zones. These results can be used for tsunami mitigation, local planning, and for determining post-tsunami disaster response by emergency services. (1)Tsunami Pilot Study Working Group, Seaside, Oregon Tsunami Pilot Study--Modernization of FEMA Flood Hazard Maps, Joint NOAA/USGS/FEMA Special Report, U.S. National Oceanic and Atmospheric Administration, U.S. Geological Survey, U.S. Federal Emergency Management Agency, 2006, Final Draft. (2)Papathoma, M., D. Dominey-Howes, D.,Y. Zong, D. Smith, Assessing Tsunami Vulnerability, an example from Herakleio, Crete, Natural Hazards and Earth System Sciences, Vol. 3, 2003, p. 377-389.

  8. SAFRR tsunami scenario: Impacts on California ecosystems, species, marine natural resources, and fisheries: Chapter G in The SAFRR (Science Application for Risk Reduction) Tsunami Scenario

    Science.gov (United States)

    Brosnan, Deborah; Wein, Anne; Wilson, Rick; Ross, Stephanie L.; Jones, Lucile

    2014-01-01

    We evaluate the effects of the SAFRR Tsunami Scenario on California’s ecosystems, species, natural resources, and fisheries. We discuss mitigation and preparedness approaches that can be useful in Tsunami planning. The chapter provides an introduction to the role of ecosystems and natural resources in tsunami events (Section 1). A separate section focuses on specific impacts of the SAFRR Tsunami Scenario on California’s ecosystems and endangered species (Section 2). A section on commercial fisheries and the fishing fleet (Section 3) documents the plausible effects on California’s commercial fishery resources, fishing fleets, and communities. Sections 2 and 3 each include practical preparedness options for communities and suggestions on information needs or research.Our evaluation indicates that many low-lying coastal habitats, including beaches, marshes and sloughs, rivers and waterways connected to the sea, as well as nearshore submarine habitats will be damaged by the SAFRR Tsunami Scenario. Beach erosion and complex or high volumes of tsunami-generated debris would pose major challenges for ecological communities. Several endangered species and protected areas are at risk. Commercial fisheries and fishing fleets will be affected directly by the tsunami and indirectly by dependencies on infrastructure that is damaged. There is evidence that in some areas intact ecosystems, notably sand dunes, will act as natural defenses against the tsunami waves. However, ecosystems do not provide blanket protection against tsunami surge. The consequences of ecological and natural resource damage are estimated in the millions of dollars. These costs are driven partly by the loss of ecosystem services, as well as cumulative and follow-on impacts where, for example, increased erosion during the tsunami can in turn lead to subsequent damage and loss to coastal properties. Recovery of ecosystems, natural resources and fisheries is likely to be lengthy and expensive

  9. Development of jacket platform tsunami risk rating system in waters offshore North Borneo

    Science.gov (United States)

    Lee, H. E.; Liew, M. S.; Mardi, N. H.; Na, K. L.; Toloue, Iraj; Wong, S. K.

    2016-09-01

    This work details the simulation of tsunami waves generated by seaquakes in the Manila Trench and their effect on fixed oil and gas jacket platforms in waters offshore North Borneo. For this study, a four-leg living quarter jacket platform located in a water depth of 63m is modelled in SACS v5.3. Malaysia has traditionally been perceived to be safe from the hazards of earthquakes and tsunamis. Local design practices tend to neglect tsunami waves and include no such provisions. In 2004, a 9.3 M w seaquake occurred off the northwest coast of Aceh, which generated tsunami waves that caused destruction in Malaysia totalling US 25 million and 68 deaths. This event prompted an awareness of the need to study the reliability of fixed offshore platforms scattered throughout Malaysian waters. In this paper, we present a review of research on the seismicity of the Manila Trench, which is perceived to be high risk for Southeast Asia. From the tsunami numerical model TUNA-M2, we extract computer-simulated tsunami waves at prescribed grid points in the vicinity of the platforms in the region. Using wave heights as input, we simulate the tsunami using SACS v5.3 structural analysis software of offshore platforms, which is widely accepted by the industry. We employ the nonlinear solitary wave theory in our tsunami loading calculations for the platforms, and formulate a platform-specific risk quantification system. We then perform an intensive structural sensitivity analysis and derive a corresponding platform-specific risk rating model.

  10. Identification of elements at risk for a credible tsunami event for Istanbul

    Directory of Open Access Journals (Sweden)

    U. Hancilar

    2012-01-01

    Full Text Available Physical and social elements at risk are identified for a credible tsunami event for Istanbul. For this purpose, inundation maps resulting from probabilistic tsunami hazard analysis for a 10% probability of exceedance in 50 yr are utilised in combination with the geo-coded inventories of building stock, lifeline systems and demographic data. The built environment on Istanbul's shorelines that is exposed to tsunami inundation comprises residential, commercial, industrial, public (governmental/municipal, schools, hospitals, sports and religious, infrastructure (car parks, garages, fuel stations, electricity transformer buildings and military buildings, as well as piers and ports, gas tanks and stations and other urban elements (e.g., recreational facilities. Along the Marmara Sea shore, Tuzla shipyards and important port and petrochemical facilities at Ambarlı are expected to be exposed to tsunami hazard. Significant lifeline systems of the city of Istanbul such as natural gas, electricity, telecommunication and sanitary and waste-water transmission, are also under the threat of tsunamis. In terms of social risk, it is estimated that there are about 32 000 inhabitants exposed to tsunami hazard.

  11. Identification of elements at risk for a credible tsunami event for Istanbul

    Science.gov (United States)

    Hancilar, U.

    2012-01-01

    Physical and social elements at risk are identified for a credible tsunami event for Istanbul. For this purpose, inundation maps resulting from probabilistic tsunami hazard analysis for a 10% probability of exceedance in 50 yr are utilised in combination with the geo-coded inventories of building stock, lifeline systems and demographic data. The built environment on Istanbul's shorelines that is exposed to tsunami inundation comprises residential, commercial, industrial, public (governmental/municipal, schools, hospitals, sports and religious), infrastructure (car parks, garages, fuel stations, electricity transformer buildings) and military buildings, as well as piers and ports, gas tanks and stations and other urban elements (e.g., recreational facilities). Along the Marmara Sea shore, Tuzla shipyards and important port and petrochemical facilities at Ambarlı are expected to be exposed to tsunami hazard. Significant lifeline systems of the city of Istanbul such as natural gas, electricity, telecommunication and sanitary and waste-water transmission, are also under the threat of tsunamis. In terms of social risk, it is estimated that there are about 32 000 inhabitants exposed to tsunami hazard.

  12. Tsunami Disaster Risk Assessment and Prevention in West Java, Indonesia

    Science.gov (United States)

    Deng, H.; Harris, R. A.; Horns, D. M.; Yulianto, E.; Bunds, M. P.; Prasetyadi, C.; Emmett, C.; Hall, S.

    2016-12-01

    Java Island, Indonesia is the most populated area and one of the most tectonically active coastal nations on Earth. This island is the volcanic arc and accretionary wedge of the subduction zone of the Sunda and the Australia plate, where the Java Trench is located. However, the Java Trench hasn't had a mega or giant earthquake for at least 430 years according to historical records. Up to 30 m of slip may have accumulated on the subduction zone interface during this time, which is enough to produce a Mw 9.0 earthquake and large tsunami. One of the largest seismic gaps along the Sunda Arc is a 640 km section of the coast of west Java. The largest population center in this region is Pelabuhan Ratu, with is partially built on ridge and swale coastal plain topography. Candidate tsunami deposits were found in swales that may indicate inundation up to 1 km inland. Numerical modeling of various possible tsunami scenarios indicate that the configuration of the coastline may amplify a tsunami and cause high run-up in the most populated areas or the coast. Also, data from questionnaire surveys administered in Pelabuhan Ratu show a lack of awareness about how tsunamis threaten these communities and plans of action.

  13. Enhancing Earth Observation and Modeling for Tsunami Disaster Response and Management

    Science.gov (United States)

    Koshimura, Shunichi; Post, Joachim

    2017-04-01

    In the aftermath of catastrophic natural disasters, such as earthquakes and tsunamis, our society has experienced significant difficulties in assessing disaster impact in the limited amount of time. In recent years, the quality of satellite sensors and access to and use of satellite imagery and services has greatly improved. More and more space agencies have embraced data-sharing policies that facilitate access to archived and up-to-date imagery. Tremendous progress has been achieved through the continuous development of powerful algorithms and software packages to manage and process geospatial data and to disseminate imagery and geospatial datasets in near-real time via geo-web-services, which can be used in disaster-risk management and emergency response efforts. Satellite Earth observations now offer consistent coverage and scope to provide a synoptic overview of large areas, repeated regularly. These can be used to compare risk across different countries, day and night, in all weather conditions, and in trans-boundary areas. On the other hand, with use of modern computing power and advanced sensor networks, the great advances of real-time simulation have been achieved. The data and information derived from satellite Earth observations, integrated with in situ information and simulation modeling provides unique value and the necessary complement to socio-economic data. Emphasis also needs to be placed on ensuring space-based data and information are used in existing and planned national and local disaster risk management systems, together with other data and information sources as a way to strengthen the resilience of communities. Through the case studies of the 2011 Great East Japan earthquake and tsunami disaster, we aim to discuss how earth observations and modeling, in combination with local, in situ data and information sources, can support the decision-making process before, during and after a disaster strikes.

  14. Vulnerability assessments as a political creation: tsunami management in Portugal.

    Science.gov (United States)

    Pronk, Maartje; Maat, Harro; Crane, Todd A

    2017-10-01

    Vulnerability assessments are a cornerstone of contemporary disaster research. This paper shows how research procedures and the presentation of results of vulnerability assessments are politically filtered. Using data from a study of tsunami risk assessment in Portugal, the paper demonstrates that approaches, measurement instruments, and research procedures for evaluating vulnerability are influenced by institutional preferences, lines of communication, or lack thereof, between stakeholder groups, and available technical expertise. The institutional setting and the pattern of stakeholder interactions form a filter, resulting in a particular conceptualisation of vulnerability, affecting its operationalisation via existing methods and technologies and its institutional embedding. The Portuguese case reveals a conceptualisation that is aligned with perceptions prevalent in national government bureaucracies and the exclusion of local stakeholders owing to selected methodologies and assessment procedures. The decisions taken by actors involved in these areas affect how vulnerability is assessed, and ultimately which vulnerability reduction policies will be recommended in the appraisal. © 2017 The Author(s). Disasters © Overseas Development Institute, 2017.

  15. MANAJEMEN RISIKO TSUNAMI UNTUK PENATAAN RUANG DI PESISIR PERKOTAAN PACITAN JAWA TIMUR

    Directory of Open Access Journals (Sweden)

    Ratih Probosiwi

    2013-06-01

    Full Text Available The process of tsunami risk management through the use of disaster information is the important things to carry out by government of region with high potential tsunami hazard such as urban areas of Pacitan. Assessment of tsunami risk begins from hazard assessment, vulnerability and capacity assessment will provide appropriate information and also support decision making processes in order to reduce risk and loss that might arise when the disaster actually occurs. The policies of tsunami risk reduction could be done by spatial planning policy to regulate and control land usage in The Urban Pacitan. This article describes how the tsunami risk management for spatial planning done by the Pacitan Government.

  16. Risk management.

    Science.gov (United States)

    Chambers, David W

    2010-01-01

    Every plan contains risk. To proceed without planning some means of managing that risk is to court failure. The basic logic of risk is explained. It consists in identifying a threshold where some corrective action is necessary, the probability of exceeding that threshold, and the attendant cost should the undesired outcome occur. This is the probable cost of failure. Various risk categories in dentistry are identified, including lack of liquidity; poor quality; equipment or procedure failures; employee slips; competitive environments; new regulations; unreliable suppliers, partners, and patients; and threats to one's reputation. It is prudent to make investments in risk management to the extent that the cost of managing the risk is less than the probable loss due to risk failure and when risk management strategies can be matched to type of risk. Four risk management strategies are discussed: insurance, reducing the probability of failure, reducing the costs of failure, and learning. A risk management accounting of the financial meltdown of October 2008 is provided.

  17. Environmental management and emergency preparedness plan for Tsunami disaster along Indian coast

    Directory of Open Access Journals (Sweden)

    P Chandramohan

    2017-12-01

    Full Text Available The 26 December 2004 Tsunami generated by the submarine earthquake in Andaman Sea with the magnitude of 9.2 Richter scale triggered the worst destruction, widespread inundation and extensive damage in terms of life and property along the Tamil Nadu coast and Andaman Nicobar Group of Islands. The shoreline features like dunes, vegetation and steepness of beaches played vital role in attenuating the impact of Tsunami from destruction. While the low-level Marina beach experienced minimum inundation, the coast between Adyar and Cooum was inundated heavily. As the present generation of India was not aware of Tsunami, the emergency plan and preparedness were zero and so the loss of human life was huge. In this article, the authors describe the Tsunami occurred in India on 26 December 2004 and its impacts on morphology. The appropriate Emergency Preparedness plan and the Disaster Management Plan in case of reoccurrence of such natural disaster are discussed.

  18. Tsunami.gov: NOAA's Tsunami Information Portal

    Science.gov (United States)

    Shiro, B.; Carrick, J.; Hellman, S. B.; Bernard, M.; Dildine, W. P.

    2014-12-01

    We present the new Tsunami.gov website, which delivers a single authoritative source of tsunami information for the public and emergency management communities. The site efficiently merges information from NOAA's Tsunami Warning Centers (TWC's) by way of a comprehensive XML feed called Tsunami Event XML (TEX). The resulting unified view allows users to quickly see the latest tsunami alert status in geographic context without having to understand complex TWC areas of responsibility. The new site provides for the creation of a wide range of products beyond the traditional ASCII-based tsunami messages. The publication of modern formats such as Common Alerting Protocol (CAP) can drive geographically aware emergency alert systems like FEMA's Integrated Public Alert and Warning System (IPAWS). Supported are other popular information delivery systems, including email, text messaging, and social media updates. The Tsunami.gov portal allows NOAA staff to easily edit content and provides the facility for users to customize their viewing experience. In addition to access by the public, emergency managers and government officials may be offered the capability to log into the portal for special access rights to decision-making and administrative resources relevant to their respective tsunami warning systems. The site follows modern HTML5 responsive design practices for optimized use on mobile as well as non-mobile platforms. It meets all federal security and accessibility standards. Moving forward, we hope to expand Tsunami.gov to encompass tsunami-related content currently offered on separate websites, including the NOAA Tsunami Website, National Tsunami Hazard Mitigation Program, NOAA Center for Tsunami Research, National Geophysical Data Center's Tsunami Database, and National Data Buoy Center's DART Program. This project is part of the larger Tsunami Information Technology Modernization Project, which is consolidating the software architectures of NOAA's existing TWC's into

  19. Quantification of tsunami hazard on Canada's Pacific Coast; implications for risk assessment

    Science.gov (United States)

    Evans, Stephen G.; Delaney, Keith B.

    2015-04-01

    Our assessment of tsunami hazard on Canada's Pacific Coast (i.e., the coast of British Columbia) begins with a review of the 1964 tsunami generated by The Great Alaska Earthquake (M9.2) that resulted in significant damage to coastal communities and infrastructure. In particular, the tsunami waves swept up inlets on the west coast of Vancouver Island and damaged several communities; Port Alberni suffered upwards of 5M worth of damage. At Port Alberni, the maximum tsunami wave height was estimated at 8.2 m above mean sea level and was recorded on the stream gauge on the Somass River located at about 7 m a.s.l, 6 km upstream from its mouth. The highest wave (9.75 m above tidal datum) was reported from Shields Bay, Graham Island, Queen Charlotte Islands (Haida Gwaii). In addition, the 1964 tsunami was recorded on tide gauges at a number of locations on the BC coast. The 1964 signal and the magnitude and frequency of traces of other historical Pacific tsunamis (both far-field and local) are analysed in the Tofino tide gauge records and compared to tsunami traces in other tide gauges in the Pacific Basin (e.g., Miyako, Japan). Together with a review of the geological evidence for tsunami occurrence along Vancouver Island's west coast, we use this tide gauge data to develop a quantitative framework for tsunami hazard on Canada's Pacific coast. In larger time scales, tsunamis are a major component of the hazard from Cascadia megathrust events. From sedimentological evidence and seismological considerations, the recurrence interval of megathrust events on the Cascadia Subduction Zone has been estimated by others at roughly 500 years. We assume that the hazard associated with a high-magnitude destructive tsunami thus has an annual frequency of roughly 1/500. Compared to other major natural hazards in western Canada this represents a very high annual probability of potentially destructive hazard that, in some coastal communities, translates into high levels of local risk

  20. The tsunami probabilistic risk assessment (PRA). Example of accident sequence analysis of tsunami PRA according to the standard for procedure of tsunami PRA for nuclear power plants

    International Nuclear Information System (INIS)

    Ohara, Norihiro; Hasegawa, Keiko; Kuroiwa, Katsuya

    2013-01-01

    After the Fukushima Daiichi nuclear power plant (NPP) accident, standard for procedure of tsunami PRA for NPP had been established by the Standardization Committee of AESJ. Industry group had been conducting analysis of Tsunami PRA for PWR based on the standard under the cooperation with electric utilities. This article introduced overview of the standard and examples of accident sequence analysis of Tsunami PRA studied by the industry group according to the standard. The standard consisted of (1) investigation of NPP's composition, characteristics and site information, (2) selection of relevant components for Tsunami PRA and initiating events and identification of accident sequence, (3) evaluation of Tsunami hazards, (4) fragility evaluation of building and components and (5) evaluation of accident sequence. Based on the evaluation, countermeasures for further improvement of safety against Tsunami could be identified by the sensitivity analysis. (T. Tanaka)

  1. Hazard proximity and risk perception of tsunamis in coastal cities: Are people able to identify their risk?

    Science.gov (United States)

    Arias, Juan Pablo; Bronfman, Nicolás C; Cisternas, Pamela C; Repetto, Paula B

    2017-01-01

    Researchers have previously reported that hazard proximity can influence risk perception among individuals exposed to potential hazards. Understanding this relationship among coastline communities at risk of flood events caused by storms and/or tsunamis, is important because hazard proximity, should be recognized when planning and implementing preparation and mitigation actions against these events. Yet, we are not aware of studies that have examined this relationship among coastline inhabitants facing the risk of a tsunami. Consequently, the aim of this study was to examine the relationship between hazard proximity and perceived risk from tsunamis among coastline inhabitants. Participants were 487 residents of the coastal city of Iquique, Chile. They completed a survey during the spring of 2013 that assessed their perceived risk from several natural and non-natural hazards. We found that hazard proximity maintains a negative relationship with the perception of tsunami risk among coastline inhabitants. While this result confirms the general trend obtained in previous studies, this one is conclusive and significant. In contradiction with previous findings, we found that participants from the highest socioeconomic status reported the highest levels of risk perception. This finding can be explained by the fact that most participants from the highest socioeconomic status live closer to the coastline areas, so their risk perception reflects the place where they live, that is in a tsunami inundation zone. Once again, hazard proximity proved to be a determinant factor of risk perception. Our findings have important implications for the development of plans and programs for tsunami preparedness and mitigation. These indicate that individuals do use environmental cues to evaluate their own risk and can potentially make correct choices when having or not to evacuate. Also suggest that preparedness should incorporate how hazard proximity is recognized by individuals and

  2. Hazard proximity and risk perception of tsunamis in coastal cities: Are people able to identify their risk?

    Science.gov (United States)

    Arias, Juan Pablo; Bronfman, Nicolás C.; Cisternas, Pamela C.; Repetto, Paula B.

    2017-01-01

    Researchers have previously reported that hazard proximity can influence risk perception among individuals exposed to potential hazards. Understanding this relationship among coastline communities at risk of flood events caused by storms and/or tsunamis, is important because hazard proximity, should be recognized when planning and implementing preparation and mitigation actions against these events. Yet, we are not aware of studies that have examined this relationship among coastline inhabitants facing the risk of a tsunami. Consequently, the aim of this study was to examine the relationship between hazard proximity and perceived risk from tsunamis among coastline inhabitants. Participants were 487 residents of the coastal city of Iquique, Chile. They completed a survey during the spring of 2013 that assessed their perceived risk from several natural and non-natural hazards. We found that hazard proximity maintains a negative relationship with the perception of tsunami risk among coastline inhabitants. While this result confirms the general trend obtained in previous studies, this one is conclusive and significant. In contradiction with previous findings, we found that participants from the highest socioeconomic status reported the highest levels of risk perception. This finding can be explained by the fact that most participants from the highest socioeconomic status live closer to the coastline areas, so their risk perception reflects the place where they live, that is in a tsunami inundation zone. Once again, hazard proximity proved to be a determinant factor of risk perception. Our findings have important implications for the development of plans and programs for tsunami preparedness and mitigation. These indicate that individuals do use environmental cues to evaluate their own risk and can potentially make correct choices when having or not to evacuate. Also suggest that preparedness should incorporate how hazard proximity is recognized by individuals and

  3. Geoethics and decision science issues in Japan's disaster management system: case study in the 2011 Tohoku earthquake and tsunami

    Science.gov (United States)

    Sugimoto, Megumi

    2015-04-01

    The March 11, 2011 Tohoku earthquake and its tsunami killed 18,508 people, including the missing (National Police Agency report as of April 2014) and raise the Level 7 accident at TEPCO's Fukushima Dai-ichi nuclear power station in Japan. The problems revealed can be viewed as due to a combination of risk-management, risk-communication, and geoethics issues. Japan's preparations for earthquakes and tsunamis are based on the magnitude of the anticipated earthquake for each region. The government organization coordinating the estimation of anticipated earthquakes is the "Headquarters for Earthquake Research Promotion" (HERP), which is under the Ministry of Education, Culture, Sports, Science and Technology (MEXT). Japan's disaster mitigation system is depicted schematically as consisting of three layers: seismology, civil engineering, and disaster mitigation planning. This research explains students in geoscience should study geoethics as part of their education related Tohoku earthquake and the Level 7 accident at TEPCO's Fukushima Dai-ichi nuclear power station. Only when they become practicing professionals, they will be faced with real geoethical dilemmas. A crisis such as the 2011 earthquake, tsunami, and Fukushima Dai-ichi nuclear accident, will force many geoscientists to suddenly confront previously unanticipated geoethics and risk-communication issues. One hopes that previous training will help them to make appropriate decisions under stress. We name it "decision science".

  4. Safety goals for seismic and tsunami risks: Lessons learned from the Fukushima Daiichi disaster

    International Nuclear Information System (INIS)

    Saji, Genn

    2014-01-01

    water leaked through the truck entrance shutters and louver windows for the Diesel Generators’ air intakes. In view of the difficulties in predicting natural events when establishing the design basis for nuclear facilities, a drastic reappraisal of the safety design approach is essential when considering risks and uncertainties. The author proposes a new probabilistic seismic and tsunami safety goals be developed on the basis of lessons learned from the Fukushima disaster which would fortify the vulnerable systems thereby reducing seismic and tsunami risks as low as practical. The safety goal should also be used to enable stakeholders to find an answer to the question of ‘how safe is safe enough’. Through the development of the safety goals it is demonstrated that the risks of tsunami hazards are by far the largest risk to nuclear facilities in Japan due to its high recurrence period in certain regions of the country. It is essential to guard against tsunami-induced flooding and the need for more robust emergency power supply systems as well as special provisions for the disposal of hydrogen gas in the event of severe accidents

  5. Safety goals for seismic and tsunami risks: Lessons learned from the Fukushima Daiichi disaster

    Energy Technology Data Exchange (ETDEWEB)

    Saji, Genn, E-mail: sajig@bd5.so-net.ne.jp

    2014-12-15

    tsunami water leaked through the truck entrance shutters and louver windows for the Diesel Generators’ air intakes. In view of the difficulties in predicting natural events when establishing the design basis for nuclear facilities, a drastic reappraisal of the safety design approach is essential when considering risks and uncertainties. The author proposes a new probabilistic seismic and tsunami safety goals be developed on the basis of lessons learned from the Fukushima disaster which would fortify the vulnerable systems thereby reducing seismic and tsunami risks as low as practical. The safety goal should also be used to enable stakeholders to find an answer to the question of ‘how safe is safe enough’. Through the development of the safety goals it is demonstrated that the risks of tsunami hazards are by far the largest risk to nuclear facilities in Japan due to its high recurrence period in certain regions of the country. It is essential to guard against tsunami-induced flooding and the need for more robust emergency power supply systems as well as special provisions for the disposal of hydrogen gas in the event of severe accidents.

  6. Emergency preparedness in the case of Makran tsunami: a case study on tsunami risk visualization for the western parts of Gujarat, India

    Directory of Open Access Journals (Sweden)

    V. M. Patel

    2016-03-01

    modelling results. The paper also presents classification of tsunami risk zones based on elevation vulnerability. We expect that the results presented here will be supportive to the tsunami emergency response system and useful in planning the protection measures due to tsunami.

  7. Tsunami geology in paleoseismology

    Science.gov (United States)

    Yuichi Nishimura,; Jaffe, Bruce E.

    2015-01-01

    The 2004 Indian Ocean and 2011 Tohoku-oki disasters dramatically demonstrated the destructiveness and deadliness of tsunamis. For the assessment of future risk posed by tsunamis it is necessary to understand past tsunami events. Recent work on tsunami deposits has provided new information on paleotsunami events, including their recurrence interval and the size of the tsunamis (e.g. [187–189]). Tsunamis are observed not only on the margin of oceans but also in lakes. The majority of tsunamis are generated by earthquakes, but other events that displace water such as landslides and volcanic eruptions can also generate tsunamis. These non-earthquake tsunamis occur less frequently than earthquake tsunamis; it is, therefore, very important to find and study geologic evidence for past eruption and submarine landslide triggered tsunami events, as their rare occurrence may lead to risks being underestimated. Geologic investigations of tsunamis have historically relied on earthquake geology. Geophysicists estimate the parameters of vertical coseismic displacement that tsunami modelers use as a tsunami's initial condition. The modelers then let the simulated tsunami run ashore. This approach suffers from the relationship between the earthquake and seafloor displacement, the pertinent parameter in tsunami generation, being equivocal. In recent years, geologic investigations of tsunamis have added sedimentology and micropaleontology, which focus on identifying and interpreting depositional and erosional features of tsunamis. For example, coastal sediment may contain deposits that provide important information on past tsunami events [190, 191]. In some cases, a tsunami is recorded by a single sand layer. Elsewhere, tsunami deposits can consist of complex layers of mud, sand, and boulders, containing abundant stratigraphic evidence for sediment reworking and redeposition. These onshore sediments are geologic evidence for tsunamis and are called ‘tsunami deposits’ (Figs. 26

  8. Modeling for the SAFRR Tsunami Scenario-generation, propagation, inundation, and currents in ports and harbors: Chapter D in The SAFRR (Science Application for Risk Reduction) Tsunami Scenario

    Science.gov (United States)

    ,

    2013-01-01

    This U.S. Geological Survey (USGS) Open-File report presents a compilation of tsunami modeling studies for the Science Application for Risk Reduction (SAFRR) tsunami scenario. These modeling studies are based on an earthquake source specified by the SAFRR tsunami source working group (Kirby and others, 2013). The modeling studies in this report are organized into three groups. The first group relates to tsunami generation. The effects that source discretization and horizontal displacement have on tsunami initial conditions are examined in section 1 (Whitmore and others). In section 2 (Ryan and others), dynamic earthquake rupture models are explored in modeling tsunami generation. These models calculate slip distribution and vertical displacement of the seafloor as a result of realistic fault friction, physical properties of rocks surrounding the fault, and dynamic stresses resolved on the fault. The second group of papers relates to tsunami propagation and inundation modeling. Section 3 (Thio) presents a modeling study for the entire California coast that includes runup and inundation modeling where there is significant exposure and estimates of maximum velocity and momentum flux at the shoreline. In section 4 (Borrero and others), modeling of tsunami propagation and high-resolution inundation of critical locations in southern California is performed using the National Oceanic and Atmospheric Administration’s (NOAA) Method of Splitting Tsunami (MOST) model and NOAA’s Community Model Interface for Tsunamis (ComMIT) modeling tool. Adjustments to the inundation line owing to fine-scale structures such as levees are described in section 5 (Wilson). The third group of papers relates to modeling of hydrodynamics in ports and harbors. Section 6 (Nicolsky and Suleimani) presents results of the model used at the Alaska Earthquake Information Center for the Ports of Los Angeles and Long Beach, as well as synthetic time series of the modeled tsunami for other selected

  9. Tsunami Hazard, Vulnerability and Risk assessment for the coast of Oman

    Science.gov (United States)

    Gonzalez, Mauricio; Aniel-Quiroga, Íñigo; Aguirre-Ayerbe, Ignacio; Álvarez-Gómez, José Antonio; MArtínez, Jara; Gonzalez-Riancho, Pino; Fernandez, Felipe; Medina, Raúl; Al-Yahyai, Sultan

    2016-04-01

    Tsunamis are relatively infrequent phenomena representing a greater threat than earthquakes, hurricanes and tornadoes, and causing the loss of thousands of human lives and extensive damage to coastal infrastructures around the world. Advances in the understanding and prediction of tsunami impacts allow the development of new methodologies in this field. This work presents the methodology that has been followed for developing the tsunami hazard, vulnerability and risk assessment for the coast of Oman, including maps containing the results of the process. Oman is located in the south eastern corner of the Arabian Peninsula and of the Arabian plate, in front of the Makran Subduction Zone (MSZ), which is the major source of earthquakes in the eastern border of the Arabian plate and Oman (Al-Shaqsi, 2012). There are at least three historical tsunamis assigned to seismic origin in the MSZ (Heidarzadeh et al., 2008; Jordan, 2008). These events show the high potential for tsunami generation of the MSZ, being one of the most tsunamigenic zones in the Indian Ocean. For the tsunami hazard assessment, worst potential cases have been selected, as well as the historical case of 1945, when an 8.1 earthquake generated a tsunami affecting the coast of Oman, and prompting 4000 casualties in the countries of the area. These scenarios have been computationally simulated in order to get tsunami hazard maps, including flooding maps. These calculations have been carried out at national and local scale, in 9 municipalities all along the coast of Oman, including the cities of Sohar, Wudam, Sawadi, Muscat, Quriyat, Sur, Masirah, Al Duqm, and Salalah. Using the hazard assessment as input, this work presents as well an integrated framework for the tsunami vulnerability and risk assessment carried out in the Sultanate of Oman. This framework considers different dimensions (human, structural) and it is developed at two different spatial resolutions, national and local scale. The national

  10. High risk of tsunami in the northern Caribbean

    Science.gov (United States)

    Grindlay, Nancy R.; Hearne, Meghan; Mann, Paul

    The magnitude Mw = 9.3 Sumatra earthquake of 26 December 2004 claimed the lives of an estimated 300,000 people living in coastal areas of seven different countries around the Indian Ocean. This event raised the question of whether similar far-traveled tsunamis generated by plate boundary faulting could affect the estimated 150 million people living in coastal areas of the United States, including Alaska, Hawaii, Puerto Rico, and the U.S. Virgin Islands.Aside from the Pacific plate margin of North America, the North America-Caribbean plate boundary is the closest (˜2000 km) active plate boundary to coastal areas in the Gulf of Mexico and the U.S. Atlantic seaboard. Researchers also have proposed that other possible tsunami-generating sources that could affect coastal areas of the United States include slumping of the shelf margin along the Virginia-North Carolina margin [Driscoll et al., 2000] and slumping of volcanic edifices in the Canary Islands [Ward and Day, 2001].

  11. A probabilistic tsunami hazard assessment for Indonesia

    Science.gov (United States)

    Horspool, N.; Pranantyo, I.; Griffin, J.; Latief, H.; Natawidjaja, D. H.; Kongko, W.; Cipta, A.; Bustaman, B.; Anugrah, S. D.; Thio, H. K.

    2014-11-01

    Probabilistic hazard assessments are a fundamental tool for assessing the threats posed by hazards to communities and are important for underpinning evidence-based decision-making regarding risk mitigation activities. Indonesia has been the focus of intense tsunami risk mitigation efforts following the 2004 Indian Ocean tsunami, but this has been largely concentrated on the Sunda Arc with little attention to other tsunami prone areas of the country such as eastern Indonesia. We present the first nationally consistent probabilistic tsunami hazard assessment (PTHA) for Indonesia. This assessment produces time-independent forecasts of tsunami hazards at the coast using data from tsunami generated by local, regional and distant earthquake sources. The methodology is based on the established monte carlo approach to probabilistic seismic hazard assessment (PSHA) and has been adapted to tsunami. We account for sources of epistemic and aleatory uncertainty in the analysis through the use of logic trees and sampling probability density functions. For short return periods (100 years) the highest tsunami hazard is the west coast of Sumatra, south coast of Java and the north coast of Papua. For longer return periods (500-2500 years), the tsunami hazard is highest along the Sunda Arc, reflecting the larger maximum magnitudes. The annual probability of experiencing a tsunami with a height of > 0.5 m at the coast is greater than 10% for Sumatra, Java, the Sunda islands (Bali, Lombok, Flores, Sumba) and north Papua. The annual probability of experiencing a tsunami with a height of > 3.0 m, which would cause significant inundation and fatalities, is 1-10% in Sumatra, Java, Bali, Lombok and north Papua, and 0.1-1% for north Sulawesi, Seram and Flores. The results of this national-scale hazard assessment provide evidence for disaster managers to prioritise regions for risk mitigation activities and/or more detailed hazard or risk assessment.

  12. Baseline geophysical data for hazard management in coastal areas in relation to earthquakes and tsunamis

    Digital Repository Service at National Institute of Oceanography (India)

    Murthy, K.S.R.

    is another factor for some of the intraplate earthquakes in the South Indian Shield, which includes the Eastern and Western Continental Margins of India. Baseline geophysical data for hazard management in coastal areas in relation to earthquakes... surge. Keywords Hazard management, marine geophysical data, geomorphology and tsunami surge, coastal seismicity Date received: 7 August 2015; accepted: 15 October 2015 CSIR – National Institute of Oceanography, Visakhapatnam, India Corresponding author...

  13. Economic impacts of the SAFRR tsunami scenario in California: Chapter H in The SAFRR (Science Application for Risk Reduction) Tsunami Scenario

    Science.gov (United States)

    Wein, Anne; Rose, Adam; Sue Wing, Ian; Wei, Dan

    2013-01-01

    This study evaluates the hypothetical economic impacts of the SAFRR (Science Application for Risk Reduction) tsunami scenario to the California economy. The SAFRR scenario simulates a tsunami generated by a hypothetical magnitude 9.1 earthquake that occurs offshore of the Alaska Peninsula (Kirby and others, 2013). Economic impacts are measured by the estimated reduction in California’s gross domestic product (GDP), the standard economic measure of the total value of goods and services produced. Economic impacts are derived from the physical damages from the tsunami as described by Porter and others (2013). The principal physical damages that result in disruption of the California economy are (1) about $100 million in damages to the twin Ports of Los Angeles (POLA) and Long Beach (POLB), (2) about $700 million in damages to marinas, and (3) about $2.5 billion in damages to buildings and contents (properties) in the tsunami inundation zone on the California coast. The study of economic impacts does not include the impacts from damages to roads, bridges, railroads, and agricultural production or fires in fuel storage facilities because these damages will be minimal with respect to the California economy. The economic impacts of damage to other California ports are not included in this study because detailed evaluation of the physical damage to these ports was not available in time for this report. The analysis of economic impacts is accomplished in several steps. First, estimates are made for the direct economic impacts that result in immediate business interruption losses in individual sectors of the economy due to physical damage to facilities or to disruption of the flow of production units (commodities necessary for production). Second, the total economic impacts (consisting of both direct and indirect effects) are measured by including the general equilibrium (essentially quantity and price multiplier effects) of lost production in other sectors by ripple

  14. Social Participation and Disaster Risk Reduction Behaviors in Tsunami Prone Areas

    Science.gov (United States)

    Witvorapong, Nopphol; Muttarak, Raya; Pothisiri, Wiraporn

    2015-01-01

    This paper examines the relationships between social participation and disaster risk reduction actions. A survey of 557 households in tsunami prone areas in Phang Nga, Thailand was conducted following the 2012 Indian Ocean earthquakes. We use a multivariate probit model to jointly estimate the likelihood of undertaking three responses to earthquake and tsunami hazards (namely, (1) following disaster-related news closely, (2) preparing emergency kits and/or having a family emergency plan, and (3) having an intention to migrate) and community participation. We find that those who experienced losses from the 2004 tsunami are more likely to participate in community activities and respond to earthquake hazards. Compared to men, women are more likely to prepare emergency kits and/or have an emergency plan and have a greater intention to migrate. Living in a community with a higher proportion of women with tertiary education increases the probability of engaging in community activities and carrying out disaster risk reduction measures. Individuals who participate in village-based activities are 5.2% more likely to undertake all three risk reduction actions compared to those not engaging in community activities. This implies that encouraging participation in community activities can have positive externalities in disaster mitigation. PMID:26153891

  15. EFFECTS OF THE DECEMBER 2004 TSUNAMI AND DISASTER MANAGEMENT IN SOUTHERN THAILAND

    Directory of Open Access Journals (Sweden)

    Chanchai Thanawood

    2006-01-01

    Full Text Available A quake-triggered tsunami lashed the Andaman coast of southern Thailand on December 26, 2004 at around 9.30 am local time. It was the first to strike the shorelines of southern Thailand in living memory. Coastal provinces along the Andaman coast suffered a total of 5,395 deaths – more than half of whom were foreign tourists, with another 2,822 reported missing. Of the 6 affected coastal provinces, Phang Nga was the worst-hit province with some 4,224 lives lost and 7,003 ha of land area devastated. Takua Pa District, which was a prime tourist area with numerous beach resorts, was the most severely affected area in Phang Nga Province.Through the use of the aerial photographs and Ikonos images, it was found that 4,738 ha of Takua Pa District’s coastal area were affected by the tsunami. The tsunami run-up heights of 7-8, 5-7 and 10-12 metres, were observed at, respectively, Ban Namkhem, Pakarang Cape and Ban Bangnieng in Takua Pa District. The tsunami caused heavy damage to houses, tourist resorts, fishing boats and gear, culture ponds and crops, and consequently affected the livelihood of large numbers of the coastal communities. The destructive wave impacted not only soil and water resources, but also damaged healthy coral reefs, sea grass beds and beach forests. The surviving victims faced psychosocial stresses resulting from the loss of their loved ones, being rendered homeless and fears of another tsunami. The tsunami effects on human settlements, livelihoods, coastal resources, natural environment together with the psychosocial well being of the coastal communities have contributed to the degradation of the coastal ecosystems.Following the 2004 event, it has become apparent that the country’s disaster management strategies need to be strengthened through the implementation of mitigation and preparedness options to enhance the community’s resilience to natural events such as tsunami. The improved strategies are discussed in this paper.

  16. Tsunami vulnerability assessment mapping for the west coast of Peninsular Malaysia using a geographical information system (GIS)

    International Nuclear Information System (INIS)

    Najihah, R; Effendi, D M; Hairunnisa, M A; Masiri, K

    2014-01-01

    The catastrophic Indian Ocean tsunami of 26 December 2004 raised a number of questions for scientist and politicians on how to deal with the tsunami risk and assessment in coastal regions. This paper discusses the challenges in tsunami vulnerability assessment and presents the result of tsunami disaster mapping and vulnerability assessment study for West Coast of Peninsular Malaysia. The spatial analysis was carried out using Geographical Information System (GIS) technology to demarcate spatially the tsunami affected village's boundary and suitable disaster management program can be quickly and easily developed. In combination with other thematic maps such as road maps, rail maps, school maps, and topographic map sheets it was possible to plan the accessibility and shelter to the affected people. The tsunami vulnerability map was used to identify the vulnerability of villages/village population to tsunami. In the tsunami vulnerability map, the intensity of the tsunami was classified as hazard zones based on the inundation level in meter (contour). The approach produced a tsunami vulnerability assessment map consists of considering scenarios of plausible extreme, tsunami-generating events, computing the tsunami inundation levels caused by different events and scenarios and estimating the possible range of casualties for computing inundation levels. The study provides an interactive means to identify the tsunami affected areas after the disaster and mapping the tsunami vulnerable village before for planning purpose were the essential exercises for managing future disasters

  17. Tsunami vulnerability assessment mapping for the west coast of Peninsular Malaysia using a geographical information system (GIS)

    Science.gov (United States)

    Najihah, R.; Effendi, D. M.; Hairunnisa, M. A.; Masiri, K.

    2014-02-01

    The catastrophic Indian Ocean tsunami of 26 December 2004 raised a number of questions for scientist and politicians on how to deal with the tsunami risk and assessment in coastal regions. This paper discusses the challenges in tsunami vulnerability assessment and presents the result of tsunami disaster mapping and vulnerability assessment study for West Coast of Peninsular Malaysia. The spatial analysis was carried out using Geographical Information System (GIS) technology to demarcate spatially the tsunami affected village's boundary and suitable disaster management program can be quickly and easily developed. In combination with other thematic maps such as road maps, rail maps, school maps, and topographic map sheets it was possible to plan the accessibility and shelter to the affected people. The tsunami vulnerability map was used to identify the vulnerability of villages/village population to tsunami. In the tsunami vulnerability map, the intensity of the tsunami was classified as hazard zones based on the inundation level in meter (contour). The approach produced a tsunami vulnerability assessment map consists of considering scenarios of plausible extreme, tsunami-generating events, computing the tsunami inundation levels caused by different events and scenarios and estimating the possible range of casualties for computing inundation levels. The study provides an interactive means to identify the tsunami affected areas after the disaster and mapping the tsunami vulnerable village before for planning purpose were the essential exercises for managing future disasters.

  18. On the importance of risk knowledge for an end-to-end tsunami early warning system

    Science.gov (United States)

    Post, Joachim; Strunz, Günter; Riedlinger, Torsten; Mück, Matthias; Wegscheider, Stephanie; Zosseder, Kai; Steinmetz, Tilmann; Gebert, Niklas; Anwar, Herryal

    2010-05-01

    Warning systems commonly use information provided by networks of sensors able to monitor and detect impending disasters, aggregate and condense these information to provide reliable information to a decision maker whether to warn or not, disseminates the warning message and provide this information to people at risk. Ultimate aim is to enable those in danger to make decisions (e.g. initiate protective actions for buildings) and to take action to safe their lives. This involves very complex issues when considering all four elements of early warning systems (UNISDR-PPEW), namely (1) risk knowledge, (2) monitoring and warning service, (3) dissemination and communication, (4) response capability with the ultimate aim to gain as much time as possible to empower individuals and communities to act in an appropriate manner to reduce injury, loss of life, damage to property and the environment and loss of livelihoods. Commonly most warning systems feature strengths and main attention on the technical/structural dimension (monitoring & warning service, dissemination tools) with weaknesses and less attention on social/cultural dimension (e.g. human response capabilities, defined warning chain to and knowing what to do by the people). Also, the use of risk knowledge in early warning most often is treated in a theoretical manner (knowing that it is somehow important), yet less in an operational, practical sense. Risk assessments and risk maps help to motivate people, prioritise early warning system needs and guide preparations for response and disaster prevention activities. Beyond this risk knowledge can be seen as a tie between national level early warning and community level reaction schemes. This presentation focuses on results, key findings and lessons-learnt related to tsunami risk assessment in the context of early warning within the GITEWS (German-Indonesian Tsunami Early Warning) project. Here a novel methodology reflecting risk information needs in the early warning

  19. Managing risks

    International Nuclear Information System (INIS)

    Nathwani, J.S.

    1993-01-01

    The three principles to guide regulating authorities are: Risks shall be managed to maximize the total expected net benefit to society; The safety benefit to be promoted is quality-adjusted life expectancy; Decisions for the public in regard to health and safety must be open and apply across the entire range of hazards to life and health. Based on the principle that excessive spending on health and safety, or lack of necessary development, may cause poverty and thereby actually decrease (adjusted) life expectancy, the author has developed a Life Product Index which gives comparable results to the Human Development Index promoted by the United Nations Development Program. These two social indicators can be used for purposes such as project evaluation, choosing between alternative technologies, or evaluation of health and safety programs

  20. High resolution tsunami modelling for the evaluation of potential risk areas in Setúbal (Portugal

    Directory of Open Access Journals (Sweden)

    J. Ribeiro

    2011-08-01

    Full Text Available The use of high resolution hydrodynamic modelling to simulate the potential effects of tsunami events can provide relevant information about the most probable inundation areas. Moreover, the consideration of complementary data such as the type of buildings, location of priority equipment, type of roads, enables mapping of the most vulnerable zones, computing of the expected damage on man-made structures, constrain of the definition of rescue areas and escape routes, adaptation of emergency plans and proper evaluation of the vulnerability associated with different areas and/or equipment.

    Such an approach was used to evaluate the specific risks associated with a potential occurrence of a tsunami event in the region of Setúbal (Portugal, which was one of the areas most seriously affected by the 1755 tsunami.

    In order to perform an evaluation of the hazard associated with the occurrence of a similar event, high resolution wave propagation simulations were performed considering different potential earthquake sources with different magnitudes. Based on these simulations, detailed inundation maps associated with the different events were produced. These results were combined with the available information on the vulnerability of the local infrastructures (building types, roads and streets characteristics, priority buildings in order to impose restrictions in the production of high-scale potential damage maps, escape routes and emergency routes maps.

  1. Communication products for the Science Application for Risk Reduction (SAFRR) tsunami scenario: Chapter K in The SAFRR (Science Application for Risk Reduction) Tsunami Scenario

    Science.gov (United States)

    Perry, Suzanne C.

    2013-01-01

    Science Application for Risk Reduction (SAFRR), like its predecessor the Multi-Hazards Demonstration Project, has a mission to increase the use of science by decision-makers of all kinds. Thus, an important part of any SAFRR scenario is development of products that enhance usability of the science. In this tsunami scenario, the focus has been on development of three kinds of products: products that augment typical outputs of scientific studies, such as reports, to make the results of the scenario more relevant and usable to nonscientists; products that distill local impacts and allow users in specific locales to identify which aspects of the broad regional study apply to their local area; and

  2. Spatiotemporal Visualization of Tsunami Waves Using Kml on Google Earth

    Science.gov (United States)

    Mohammadi, H.; Delavar, M. R.; Sharifi, M. A.; Pirooz, M. D.

    2017-09-01

    Disaster risk is a function of hazard and vulnerability. Risk is defined as the expected losses, including lives, personal injuries, property damages, and economic disruptions, due to a particular hazard for a given area and time period. Risk assessment is one of the key elements of a natural disaster management strategy as it allows for better disaster mitigation and preparation. It provides input for informed decision making, and increases risk awareness among decision makers and other stakeholders. Virtual globes such as Google Earth can be used as a visualization tool. Proper spatiotemporal graphical representations of the concerned risk significantly reduces the amount of effort to visualize the impact of the risk and improves the efficiency of the decision-making process to mitigate the impact of the risk. The spatiotemporal visualization of tsunami waves for disaster management process is an attractive topic in geosciences to assist investigation of areas at tsunami risk. In this paper, a method for coupling virtual globes with tsunami wave arrival time models is presented. In this process we have shown 2D+Time of tsunami waves for propagation and inundation of tsunami waves, both coastal line deformation, and the flooded areas. In addition, the worst case scenario of tsunami on Chabahar port derived from tsunami modelling is also presented using KML on google earth.

  3. Mass fatality management following the South Asian tsunami disaster: case studies in Thailand, Indonesia, and Sri Lanka.

    Directory of Open Access Journals (Sweden)

    Oliver W Morgan

    2006-06-01

    Full Text Available BACKGROUND: Following natural disasters, mismanagement of the dead has consequences for the psychological well-being of survivors. However, no technical guidelines currently exist for managing mass fatalities following large natural disasters. Existing methods of mass fatality management are not directly transferable as they are designed for transport accidents and acts of terrorism. Furthermore, no information is currently available about post-disaster management of the dead following previous large natural disasters. METHODS AND FINDINGS: After the tsunami disaster on 26 December 2004, we conducted three descriptive case studies to systematically document how the dead were managed in Thailand, Indonesia, and Sri Lanka. We considered the following parameters: body recovery and storage, identification, disposal of human remains, and health risks from dead bodies. We used participant observations as members of post-tsunami response teams, conducted semi-structured interviews with key informants, and collected information from published and unpublished documents. Refrigeration for preserving human remains was not available soon enough after the disaster, necessitating the use of other methods such as dry ice or temporary burial. No country had sufficient forensic capacity to identify thousands of victims. Rapid decomposition made visual identification almost impossible after 24-48 h. In Thailand, most forensic identification was made using dental and fingerprint data. Few victims were identified from DNA. Lack of national or local mass fatality plans further limited the quality and timeliness of response, a problem which was exacerbated by the absence of practical field guidelines or an international agency providing technical support. CONCLUSIONS: Emergency response should not add to the distress of affected communities by inappropriately disposing of the victims. The rights of survivors to see their dead treated with dignity and respect requires

  4. A culture of tsunami preparedness and applying knowledge from recent tsunamis affecting California

    Science.gov (United States)

    Miller, K. M.; Wilson, R. I.

    2012-12-01

    the coast in the identification of areas possible to be inundated in a tsunami. "Tsunami Inundation Maps for Emergency Planning" have provided the basis for some of the following preparedness, planning, and education activities in California: Improved evacuation and emergency response plans; Production of multi-language brochures: statewide, community, and boating; Development and support of tsunami scenario-driven exercises and drills; Development of workshops to educate both emergency managers and public; and Establishment of a comprehensive information website www.tsunami.ca.gov; and a preparedness website myhazards.calema.ca.gov. In addition, the California Tsunami Program has a number of initiatives underway through existing work plans to continue to apply scientifically vetted information toward comprehensive public understanding of the threat from future tsunamis to constituents on the coast. These include projects to: Complete tsunami land-use planning maps for California communities, Develop in-harbor tsunami hazard maps statewide, Complete modeling of offshore safety zones for the maritime community, Complete preliminary tsunami risk analysis for state utilizing new HAZUS tsunami module and probabilistic analysis results, and Develop a post-tsunami recovery and resiliency plan for the state.

  5. A global probabilistic tsunami hazard assessment from earthquake sources

    Science.gov (United States)

    Davies, Gareth; Griffin, Jonathan; Lovholt, Finn; Glimsdal, Sylfest; Harbitz, Carl; Thio, Hong Kie; Lorito, Stefano; Basili, Roberto; Selva, Jacopo; Geist, Eric L.; Baptista, Maria Ana

    2017-01-01

    Large tsunamis occur infrequently but have the capacity to cause enormous numbers of casualties, damage to the built environment and critical infrastructure, and economic losses. A sound understanding of tsunami hazard is required to underpin management of these risks, and while tsunami hazard assessments are typically conducted at regional or local scales, globally consistent assessments are required to support international disaster risk reduction efforts, and can serve as a reference for local and regional studies. This study presents a global-scale probabilistic tsunami hazard assessment (PTHA), extending previous global-scale assessments based largely on scenario analysis. Only earthquake sources are considered, as they represent about 80% of the recorded damaging tsunami events. Globally extensive estimates of tsunami run-up height are derived at various exceedance rates, and the associated uncertainties are quantified. Epistemic uncertainties in the exceedance rates of large earthquakes often lead to large uncertainties in tsunami run-up. Deviations between modelled tsunami run-up and event observations are quantified, and found to be larger than suggested in previous studies. Accounting for these deviations in PTHA is important, as it leads to a pronounced increase in predicted tsunami run-up for a given exceedance rate.

  6. Risk management

    International Nuclear Information System (INIS)

    Magne, L.

    1999-01-01

    There is always a risk of an accident occurring at a nuclear power plant, however small. The problem lies in estimating the probability of it occurring. The method of probabilistic safety assessment provides this estimate, and by identifying the sources of potential risk, makes it possible to prevent them from occurring. It is not, however, a substitute for other decision-making processes. (author)

  7. NASA's Risk Management System

    Science.gov (United States)

    Perera, Jeevan S.

    2011-01-01

    Leadership is key to success. Phased-approach for implementation of risk management is necessary. Risk management system will be simple, accessible and promote communication of information to all relevant stakeholders for optimal resource allocation and risk mitigation. Risk management should be used by all team members to manage risks -- risk office personnel. Each group is assigned Risk Integrators who are facilitators for effective risk management. Risks will be managed at the lowest-level feasible, elevate only those risks that require coordination or management from above. Risk reporting and communication is an essential element of risk management and will combine both qualitative and quantitative elements. Risk informed decision making should be introduced to all levels of management. Provide necessary checks and balances to insure that risks are caught/identified and dealt with in a timely manner. Many supporting tools, processes & training must be deployed for effective risk management implementation. Process improvement must be included in the risk processes.

  8. A~probabilistic tsunami hazard assessment for Indonesia

    Science.gov (United States)

    Horspool, N.; Pranantyo, I.; Griffin, J.; Latief, H.; Natawidjaja, D. H.; Kongko, W.; Cipta, A.; Bustaman, B.; Anugrah, S. D.; Thio, H. K.

    2014-05-01

    Probabilistic hazard assessments are a fundamental tool for assessing the threats posed by hazards to communities and are important for underpinning evidence based decision making on risk mitigation activities. Indonesia has been the focus of intense tsunami risk mitigation efforts following the 2004 Indian Ocean Tsunami, but this has been largely concentrated on the Sunda Arc, with little attention to other tsunami prone areas of the country such as eastern Indonesia. We present the first nationally consistent Probabilistic Tsunami Hazard Assessment (PTHA) for Indonesia. This assessment produces time independent forecasts of tsunami hazard at the coast from tsunami generated by local, regional and distant earthquake sources. The methodology is based on the established monte-carlo approach to probabilistic seismic hazard assessment (PSHA) and has been adapted to tsunami. We account for sources of epistemic and aleatory uncertainty in the analysis through the use of logic trees and through sampling probability density functions. For short return periods (100 years) the highest tsunami hazard is the west coast of Sumatra, south coast of Java and the north coast of Papua. For longer return periods (500-2500 years), the tsunami hazard is highest along the Sunda Arc, reflecting larger maximum magnitudes along the Sunda Arc. The annual probability of experiencing a tsunami with a height at the coast of > 0.5 m is greater than 10% for Sumatra, Java, the Sunda Islands (Bali, Lombok, Flores, Sumba) and north Papua. The annual probability of experiencing a tsunami with a height of >3.0 m, which would cause significant inundation and fatalities, is 1-10% in Sumatra, Java, Bali, Lombok and north Papua, and 0.1-1% for north Sulawesi, Seram and Flores. The results of this national scale hazard assessment provide evidence for disaster managers to prioritise regions for risk mitigation activities and/or more detailed hazard or risk assessment.

  9. NASA's Risk Management System

    Science.gov (United States)

    Perera, Jeevan S.

    2013-01-01

    Phased-approach for implementation of risk management is necessary. Risk management system will be simple, accessible and promote communication of information to all relevant stakeholders for optimal resource allocation and risk mitigation. Risk management should be used by all team members to manage risks - not just risk office personnel. Each group/department is assigned Risk Integrators who are facilitators for effective risk management. Risks will be managed at the lowest-level feasible, elevate only those risks that require coordination or management from above. Risk informed decision making should be introduced to all levels of management. ? Provide necessary checks and balances to insure that risks are caught/identified and dealt with in a timely manner. Many supporting tools, processes & training must be deployed for effective risk management implementation. Process improvement must be included in the risk processes.

  10. Tsunami deposits

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-08-15

    The NSC (the Nuclear Safety Commission of Japan) demand to survey on tsunami deposits by use of various technical methods (Dec. 2011), because tsunami deposits have useful information on tsunami activity, tsunami source etc. However, there are no guidelines on tsunami deposit survey in JAPAN. In order to prepare the guideline of tsunami deposits survey and evaluation and to develop the method of tsunami source estimation on the basis of tsunami deposits, JNES carried out the following issues; (1) organizing information of paleoseismological record and tsunami deposit by literature research, (2) field survey on tsunami deposit, and (3) designing the analysis code of sediment transport due to tsunami. As to (1), we organize the information gained about tsunami deposits in the database. As to (2), we consolidate methods for surveying and identifying tsunami deposits in the lake based on results of the field survey in Fukui Pref., carried out by JNES. In addition, as to (3), we design the experimental instrument for hydraulic experiment on sediment transport and sedimentation due to tsunamis. These results are reflected in the guideline on the tsunami deposits survey and evaluation. (author)

  11. Tsunami deposits

    International Nuclear Information System (INIS)

    2013-01-01

    The NSC (the Nuclear Safety Commission of Japan) demand to survey on tsunami deposits by use of various technical methods (Dec. 2011), because tsunami deposits have useful information on tsunami activity, tsunami source etc. However, there are no guidelines on tsunami deposit survey in JAPAN. In order to prepare the guideline of tsunami deposits survey and evaluation and to develop the method of tsunami source estimation on the basis of tsunami deposits, JNES carried out the following issues; (1) organizing information of paleoseismological record and tsunami deposit by literature research, (2) field survey on tsunami deposit, and (3) designing the analysis code of sediment transport due to tsunami. As to (1), we organize the information gained about tsunami deposits in the database. As to (2), we consolidate methods for surveying and identifying tsunami deposits in the lake based on results of the field survey in Fukui Pref., carried out by JNES. In addition, as to (3), we design the experimental instrument for hydraulic experiment on sediment transport and sedimentation due to tsunamis. These results are reflected in the guideline on the tsunami deposits survey and evaluation. (author)

  12. Enterprise risk management

    Energy Technology Data Exchange (ETDEWEB)

    Eaton, C. [Enbridge, Calgary, AB (Canada)

    2015-07-01

    Enterprise risk management (ERM) is a relative new, holistic and strategic approach for managing risks in modern organizations. ERM builds on and extends traditional risk management (RM). Risk is the effect of uncertainty on objectives - positive and/or negative. Risk management is a set of practices used to understand and address risk. ERM is a form of RM that emphasizes risk aggregation and integration. Risk aggregation is combining individual risks into categories ({sup r}olled up{sup )}. risk integration is embedding RM into organizational contexts ({sup b}uilt in{sup )}.

  13. Project Risk Management

    Science.gov (United States)

    Jr., R. F. Miles

    1995-01-01

    Project risk management is primarily concerned with performance, reliability, cost, and schedule. Environmental risk management is primarily concerned with human health and ecological hazards and likelihoods. This paper discusses project risk management and compares it to environmental risk management, both with respect to goals and implementation. The approach of the Jet Propulsion Laboratory to risk management is presented as an example of a project risk management approach that is an extension to NASA NHB 7120.5: Management of Major System Programs and Projects.

  14. NOAA's Integrated Tsunami Database: Data for improved forecasts, warnings, research, and risk assessments

    Science.gov (United States)

    Stroker, Kelly; Dunbar, Paula; Mungov, George; Sweeney, Aaron; McCullough, Heather; Carignan, Kelly

    2015-04-01

    The National Oceanic and Atmospheric Administration (NOAA) has primary responsibility in the United States for tsunami forecast, warning, research, and supports community resiliency. NOAA's National Geophysical Data Center (NGDC) and co-located World Data Service for Geophysics provide a unique collection of data enabling communities to ensure preparedness and resilience to tsunami hazards. Immediately following a damaging or fatal tsunami event there is a need for authoritative data and information. The NGDC Global Historical Tsunami Database (http://www.ngdc.noaa.gov/hazard/) includes all tsunami events, regardless of intensity, as well as earthquakes and volcanic eruptions that caused fatalities, moderate damage, or generated a tsunami. The long-term data from these events, including photographs of damage, provide clues to what might happen in the future. NGDC catalogs the information on global historical tsunamis and uses these data to produce qualitative tsunami hazard assessments at regional levels. In addition to the socioeconomic effects of a tsunami, NGDC also obtains water level data from the coasts and the deep-ocean at stations operated by the NOAA/NOS Center for Operational Oceanographic Products and Services, the NOAA Tsunami Warning Centers, and the National Data Buoy Center (NDBC) and produces research-quality data to isolate seismic waves (in the case of the deep-ocean sites) and the tsunami signal. These water-level data provide evidence of sea-level fluctuation and possible inundation events. NGDC is also building high-resolution digital elevation models (DEMs) to support real-time forecasts, implemented at 75 US coastal communities. After a damaging or fatal event NGDC begins to collect and integrate data and information from many organizations into the hazards databases. Sources of data include our NOAA partners, the U.S. Geological Survey, the UNESCO Intergovernmental Oceanographic Commission (IOC) and International Tsunami Information Center

  15. Risk management and safety

    International Nuclear Information System (INIS)

    Niehaus, F.; Novegno, A.

    1985-01-01

    Risk assessment, including probabilistic analyses, has made great progress over the past decade. In spite of the inherent uncertainties it has now become possible to utilize methods and results for decision making at various levels. This paper will, therefore, review risk management in industrial installations, risk management for energy safety policy and prospects of risk management in highly industrialized areas. (orig.) [de

  16. Educating and Preparing for Tsunamis in the Caribbean

    Science.gov (United States)

    von Hillebrandt-Andrade, C.; Aliaga, B.; Edwards, S.

    2013-12-01

    The Caribbean and Adjacent Regions has a long history of tsunamis and earthquakes. Over the past 500 years, more than 75 tsunamis have been documented in the region by the NOAA National Geophysical Data Center. Just since 1842, 3446 lives have been lost to tsunamis; this is more than in the Northeastern Pacific for the same time period. With a population of almost 160 million, over 40 million visitors a year and a heavy concentration of residents, tourists, businesses and critical infrastructure along its shores (especially in the northern and eastern Caribbean), the risk to lives and livelihoods is greater than ever before. The only way to survive a tsunami is to get out of harm's way before the waves strike. In the Caribbean given the relatively short distances from faults, potential submarine landslides and volcanoes to some of the coastlines, the tsunamis are likely to be short fused, so it is imperative that tsunami warnings be issued extremely quickly and people be educated on how to recognize and respond. Nevertheless, given that tsunamis occur infrequently as compared with hurricanes, it is a challenge for them to receive the priority they require in order to save lives when the next one strikes the region. Close cooperation among countries and territories is required for warning, but also for education and public awareness. Geographical vicinity and spoken languages need to be factored in when developing tsunami preparedness in the Caribbean, to make sure citizens receive a clear, reliable and sound science based message about the hazard and the risk. In 2006, in the wake of the Indian Ocean tsunami and after advocating without success for a Caribbean Tsunami Warning System since the mid 90's, the Intergovernmental Oceanographic Commission of UNESCO established the Intergovernmental Coordination Group for the Tsunami and other Coastal Hazards Warning System for the Caribbean and Adjacent Regions (CARIBE EWS). Its purpose is to advance an end to end tsunami

  17. A NEW TSUNAMI RISK SCALE FOR WARNING SYSTEMS - APPLICATION TO THE BAY OF ALGIERS IN ALGERIA, WEST MEDITERRANEAN SEA

    Directory of Open Access Journals (Sweden)

    L. A. Amir

    2013-01-01

    Full Text Available The city of Algiers and the surrounding coastal areas in northern Algeria are vulnerable to earthquakes which range from moderate to severe. In 2006, using several possible earthquake scenarios for the Western Mediterranean, the Japan International Cooperation Agency and the Algerian National Seismic Engineering Research Center predicted that heavy damage could occur in the Algiers region. Algerian Civil Defense authorities are particularly concerned by the threat of near-field earthquakes, associated slides and rock falls, as well as for tsunamis that can be generated. The present study proposes a new tsunami risk scale that provides information about the exposed communities and infrastructure, which can be used for regional tsunami alerts and warnings. Furthermore, it evaluates the vulnerability along the Bay of Algiers from tsunamigenic earthquakes. The JMA seismic intensity scale (Shindo scale and the corresponding seismic peak ground accelerations are used in the evaluation. The results of tsunami modeling studies and of earthquake vulnerability assessment described by the present study, emphasize the significance of public education and preparedness in efforts to mitigate loss of life and damage to property.

  18. “Hello, HELLO! Anyone there? - on the need to assess the tsunami risk to global submarine telecommunications infrastructure

    Science.gov (United States)

    Dominey-Howes, D.; Goff, J. R.

    2009-12-01

    National economies are increasingly dependent on the global telecommunications system - and in particular, its submarine cable infrastructure. Submarine cable traffic represents about 30% of global GDP so the cost of losing, or even simply slowing, communications traffic is high. Many natural hazards are capable of damaging and destroying this infrastructure but tsunamis are the most significant threat, particularly in waters >1000 m deep. Submarine cables and their shore-based infrastructure (the anchor points), are at risk from direct and indirect tsunami-related effects. During the 2004 Indian Ocean Tsunami in India and Indonesia, cables were broken (direct effect) as the tsunami eroded supporting sediments, and were further damaged by floating/submerged objects and intense nearshore currents. Shore-based infrastructure was also directly damaged in India, Indonesia, and the Maldives. The 1929 Grand Banks earthquake generated a submarine landslide and tsunami off Newfoundland which broke 12 submarine telegraph cables. In 2006, an earthquake in Taiwan generated submarine landslides and a tsunami. These landslides caused one of the largest disruptions of modern telecommunications history when nine cables in the Strait of Luzon were broken disabling vital connections between SE Asia and the rest of the world. Although electronic traffic in and out of Australia was slowed, it did not cease because >70% of our traffic is routed via cables that pass through Hawaii. This is extremely significant because Hawaii is an internationally recognised bottleneck or “choke point” in the global telecommunications network. The fact that Hawaii is a choke point is important because it is regularly affected by numerous large magnitude natural hazards. Any damage to the submarine telecommunications infrastructure routed through Hawaii could result in significant impacts on the electronic flow of data and voice traffic, negatively affecting dependent economies such as Australia

  19. The search for geologic evidence of distant-source tsunamis using new field data in California: Chapter C in The SAFRR (Science Application for Risk Reduction) Tsunami Scenario

    Science.gov (United States)

    Wilson, Rick; Hemphill-Haley, Eileen; Jaffe, Bruce; Richmond, Bruce; Peters, Robert; Graehl, Nick; Kelsey, Harvey; Leeper, Robert; Watt, Steve; McGann, Mary; Hoirup, Don F.; Chagué-Goff, Catherine; Goff, James; Caldwell, Dylan; Loofbourrow, Casey

    2014-01-01

    A statewide assessment for geological evidence of tsunamis, primarily from distant-source events, found tsunami deposits at several locations, though evidence was absent at most locations evaluated. Several historical distant-source tsunamis, including the 1946 Aleutian, 1960 Chile, and 1964 Alaska events, caused inundation along portions of the northern and central California coast. Recent numerical tsunami modeling results identify the eastern Aleutian Islands subduction zone as the “worstcase” distant-source region, with the potential for causing tsunami runups of 7–10 m in northern and central California and 3–4 m in southern California. These model results, along with a review of historical topographic maps and past geotechnical evaluations, guided site selection for tsunami deposit surveys. A reconnaissance of 20 coastal marshlands was performed through site visits and coring of shallow surface sediments to determine if evidence for past tsunamis existed. Although conclusive evidence of tsunami deposits was not found at most of the sites evaluated, geologic evidence consistent with tsunami inundation was found at two locations: Three marshes in the Crescent City area and Pillar Point marsh near Half Moon Bay. Potential tsunami deposits were also evaluated at the Carpinteria Salt Marsh Reserve in Santa Barbara County. In Crescent City, deposits were ascribed to tsunamis on the basis of stratigraphic architecture, particle size, and microfossil content, and they were further assigned to the 1964 Alaska and 1700 Cascadia tsunamis on the basis of dating by cesium-137 and radiocarbon methods, respectively. The 1946 tsunami sand deposit was clearly identified throughout Pillar Point marsh, and one to two other similar but highly discontinuous sand layers were present within 0.5 m of the surface. A tsunami-origin interpretation for sand layers at Carpinteria is merely consistent with graded bedding and unsupported by diatom or foraminiferal assemblages

  20. Risk management at university

    OpenAIRE

    Ivanova, H.; Abramovich, S.

    2013-01-01

    This article observes the basic recommendations for the risk management system in higher education as an example Yanka Kupala State University of Grodno. Consider the risk-management standard that based in a process approach

  1. Management of business risks

    OpenAIRE

    BAZARBAY A.

    2015-01-01

    The article presents methodological ideas concerning the problem of risk management. Special attention is paid to increasing of enterprises' operating efficiency by means of risk-management system development in business organizations.

  2. Near-field tsunami early warning and emergency planning in the Mediterranean Sea

    Directory of Open Access Journals (Sweden)

    Gerassimos A. Papadopoulos

    2013-04-01

    Full Text Available The new European project Near-field Tsunami Early Warning and Emergency Planning in the Mediterranean Sea (NEARTOWARN faces the need to develop operational tsunami early warning systems in near-field (local conditions where the travel time of the first tsunami wave is very short, that is less than 30 min, which is a typical case in the North East Atlantic and the Mediterranean Sea region but also elsewhere around the globe. The operational condition that should be fulfilled is that the time of tsunami detection, plus the time of warning transmitting, plus the time of evacuation should not exceed the travel time of the first tsunami wave from its source to the closest evacuation zone. To this goal the time to detect of the causative earthquake should be compressed at the very minimum. In this context the core of the proposed system is a network of seismic early warning devices, which activate and send alert in a few seconds after the generation of a near-field earthquake, when a seismic ground motion exceeding a prescribed threshold is detected. Then civil protection mobilizes to manage the earthquake crisis but also to detect and manage a possible tsunami through a geographical risk management system. For the tsunami detection the system is supported by tide-gauges of radar type, a database of presimulated tsunami scenarios, and a local tsunami decision matrix. The island of Rhodes in the eastern termination of the Hellenic Arc and Trench has been selected for a pilot and operational development of the local tsunami warning system given that the island is a highly popular tourist destination, historically it was hit by large tsunamigenic earthquakes and was recently the master test-site for the pan-European FP6 tsunami research project Tsunami Risk ANd Strategies For the European Region (TRANSFER.

  3. Rethinking risk management

    International Nuclear Information System (INIS)

    Kloman, H.F.

    1992-01-01

    The purpose of this paper is to bring together the ideas of those who currently practice the many different forms of risk management on a global basis. These forms include guidance of public policy on macro risks, risk financing and insurance for many larger commercial organizations, managing credit, currency and interest rate risks for financial institutions, plus other extensions of risk management including security, quality control, and quality assurance in a health-care environment

  4. On the moroccan tsunami catalogue

    Directory of Open Access Journals (Sweden)

    F. Kaabouben

    2009-07-01

    Full Text Available A primary tool for regional tsunami hazard assessment is a reliable historical and instrumental catalogue of events. Morocco by its geographical situation, with two marine sides, stretching along the Atlantic coast to the west and along the Mediterranean coast to the north, is the country of Western Africa most exposed to the risk of tsunamis. Previous information on tsunami events affecting Morocco are included in the Iberian and/or the Mediterranean lists of tsunami events, as it is the case of the European GITEC Tsunami Catalogue, but there is a need to organize this information in a dataset and to assess the likelihood of claimed historical tsunamis in Morocco. Due to the fact that Moroccan sources are scarce, this compilation rely on historical documentation from neighbouring countries (Portugal and Spain and so the compatibility between the new tsunami catalogue presented here and those that correspond to the same source areas is also discussed.

  5. Altered environment and risk of malaria outbreak in South Andaman, Andaman & Nicobar Islands, India affected by tsunami disaster

    Directory of Open Access Journals (Sweden)

    Shriram AN

    2005-07-01

    Full Text Available Abstract Background Pools of salt water and puddles created by giant waves from the sea due to the tsunami that occurred on 26th December 2004 would facilitate increased breeding of brackish water malaria vector, Anopheles sundaicus. Land uplifts in North Andaman and subsidence in South Andaman have been reported and subsidence may lead to environmental disturbances and vector proliferation. This warrants a situation analysis and vector surveillance in the tsunami hit areas endemic for malaria transmitted by brackish water mosquito, An. sundaicus to predict the risk of outbreak. Methods An extensive survey was carried out in the tsunami-affected areas in Andaman district of the Andaman and Nicobar Islands, India to assess the extent of breeding of malaria vectors in the habitats created by seawater flooding. Types of habitats in relation to source of seawater inundation and frequency were identified. The salinity of the water samples and the mosquito species present in the larval samples collected from these habitats were recorded. The malaria situation in the area was also analysed. Results South Andaman, covering Port Blair and Ferrargunj sub districts, is still under the recurring phenomenon of seawater intrusion either directly from the sea or through a network of creeks. Both daily cycles of high tides and periodical spring tides continue to cause flooding. Low-lying paddy fields and fallow land, with a salinity ranging from 3,000 to 42,505 ppm, were found to support profuse breeding of An. sundaicus, the local malaria vector, and Anopheles subpictus, a vector implicated elsewhere. This area is endemic for both vivax and falciparum malaria. Malaria slide positivity rate has started increasing during post-tsunami period, which can be considered as an indication of risk of malaria outbreak. Conclusion Paddy fields and fallow land with freshwater, hitherto not considered as potential sites for An. sundaicus, are now major breeding sites due to

  6. Commodity risk management

    Directory of Open Access Journals (Sweden)

    Hilary Till

    2016-09-01

    Full Text Available This article discusses the practical issues involved in applying a disciplined risk management methodology to commodity futures trading. Accordingly, the paper shows how to apply methodologies derived from both conventional asset management and hedge fund management to futures trading. The article also discusses some of the risk management issues that are unique to leveraged futures trading.

  7. Certification and risk management

    International Nuclear Information System (INIS)

    Villanueva Fernandez, M.

    2015-01-01

    Nowadays more organizations are increasingly aware of the importance of properly managing the uncertainty of its activities and build competitive advantages through the identification, assessment and management of risks that they face. Risk management is also an aspect of great importance within the new version of ISO fact it is one of the most innovative and also the most laborious, because an appropriate risk management achieves expected results and customer satisfaction. In conclusion, risk management is a new field of business and can be considered a cross-cutting component for other relevant factors of organizational change management. (Author)

  8. Tsunami Loss Assessment For Istanbul

    Science.gov (United States)

    Hancilar, Ufuk; Cakti, Eser; Zulfikar, Can; Demircioglu, Mine; Erdik, Mustafa

    2010-05-01

    Tsunami risk and loss assessment incorporating with the inundation mapping in Istanbul and the Marmara Sea region are presented in this study. The city of Istanbul is under the threat of earthquakes expected to originate from the Main Marmara branch of North Anatolian Fault System. In the Marmara region the earthquake hazard reached very high levels with 2% annual probability of occurrence of a magnitude 7+ earthquake on the Main Marmara Fault. Istanbul is the biggest city of Marmara region as well as of Turkey with its almost 12 million inhabitants. It is home to 40% of the industrial facilities in Turkey and operates as the financial and trade hub of the country. Past earthquakes have evidenced that the structural reliability of residential and industrial buildings, as well as that of lifelines including port and harbor structures in the country is questionable. These facts make the management of earthquake risks imperative for the reduction of physical and socio-economic losses. The level of expected tsunami hazard in Istanbul is low as compared to earthquake hazard. Yet the assets at risk along the shores of the city make a thorough assessment of tsunami risk imperative. Important residential and industrial centres exist along the shores of the Marmara Sea. Particularly along the northern and eastern shores we see an uninterrupted settlement pattern with industries, businesses, commercial centres and ports and harbours in between. Following the inundation maps resulting from deterministic and probabilistic tsunami hazard analyses, vulnerability and risk analyses are presented and the socio-economic losses are estimated. This study is part of EU-supported FP6 project ‘TRANSFER'.

  9. [Global risk management].

    Science.gov (United States)

    Sghaier, W; Hergon, E; Desroches, A

    2015-08-01

    Risk management is a fundamental component of any successful company, whether it is in economic, societal or environmental aspect. Risk management is an especially important activity for companies that optimal security challenge of products and services is great. This is the case especially for the health sector institutions. Risk management is therefore a decision support tool and a means to ensure the sustainability of an organization. In this context, what methods and approaches implemented to manage the risks? Through this state of the art, we are interested in the concept of risk and risk management processes. Then we focus on the different methods of risk management and the criteria for choosing among these methods. Finally we highlight the need to supplement these methods by a systemic and global approach including through risk assessment by the audits. Copyright © 2015 Elsevier Masson SAS. All rights reserved.

  10. Generating tsunami risk knowledge at community level as a base for planning and implementation of risk reduction strategies

    Science.gov (United States)

    Wegscheider, Stephanie; Post, Joachim; Mück, Matthias; Zosseder, Kai; Muhari, Abdul; Anwar, Herryal Z.; Gebert, Niklas; Strunz, Günter; Riedlinger, Torsten

    2010-05-01

    More than 4 million Indonesians live in tsunami-prone areas on the southern and western coasts of Sumatra, Java and Bali. Depending on the location of the tsunamigenic earthquake, in many cases the time to reach a tsunami-safe area is as short as 15 or 20 minutes. To increase the chances of a successful evacuation a comprehensive and thorough planning and preparation is necessary. For this purpose, detailed knowledge on potential hazard impact and safe areas, exposed elements such as people, critical facilities and lifelines, deficiencies in response capabilities and evacuation routes is crucial. The major aims of this paper are (i) to assess and quantify people's response capabilities and (ii) to identify high risk areas which have a high need of action to improve the response capabilities and thus to reduce the risk. The major factor influencing people's ability to evacuate successfully is the factor time. The estimated time of arrival of a tsunami at the coast which determines the overall available time for evacuation after triggering of a tsunami can be derived by analyzing modeled tsunami scenarios for a respective area. But in most cases, this available time frame is diminished by other time components including the time until natural or technical warning signs are received and the time until reaction follows a warning (understanding a warning and decision to take appropriate action). For the time to receive a warning we assume that the early warning centre is able to fulfil the Indonesian presidential decree to issue a warning within 5 minutes. Reaction time is difficult to quantify as here human intrinsic factors as educational level, believe, tsunami knowledge and experience play a role. Although we are aware of the great importance of this factor and the importance to minimize the reaction time, it is not considered in this paper. Quantifying the needed evacuation time is based on a GIS approach. This approach is relatively simple and enables local

  11. Agile risk management

    CERN Document Server

    Moran, Alan

    2014-01-01

    This work is the definitive guide for IT managers and agile practitioners. It elucidates the principles of agile risk management and how these relate to individual projects. Explained in clear and concise terms, this synthesis of project risk management and agile techniques is illustrated using the major methodologies such as XP, Scrum and DSDM.Although the agile community frequently cites risk management, research suggests that risk is often narrowly defined and, at best, implicitly treated, which in turn leads to an inability to make informed decisions concerning risk and reward and a poor u

  12. Risk management in Takaful

    OpenAIRE

    Akhter, Waheed

    2010-01-01

    Risk management is of vital importance in Islam and Takāful provides a way to manage risks in business according to Sharī’ah principles. This research paper attempts to identify various types of risks involved in Takāful business that affect operational and investment functions of Takāful operators across the globe. It lays down criteria for Takāful operator to manage those risks effectively. However, Takāful operators often face difficulty in managing market and credit risks as Sharī’ah comp...

  13. Floods and tsunamis.

    Science.gov (United States)

    Llewellyn, Mark

    2006-06-01

    Floods and tsunamis cause few severe injuries, but those injuries can overwhelm local areas, depending on the magnitude of the disaster. Most injuries are extremity fractures, lacerations, and sprains. Because of the mechanism of soft tissue and bone injuries, infection is a significant risk. Aspiration pneumonias are also associated with tsunamis. Appropriate precautionary interventions prevent communicable dis-ease outbreaks. Psychosocial health issues must be considered.

  14. Financial Risk Management

    OpenAIRE

    Catalin-Florinel Stanescu; Laurentiu Mircea Simion

    2011-01-01

    Concerns about the financial risk is increasing. In this climate, companies of all types and sizes want a robust framework for financial risk management to meet compliance requirements, contribute to better decision making and increase performance. Financial risk management professionals working with financial institutions and other corporate clients to achieve these objectives.

  15. Improving tsunami resiliency: California's Tsunami Policy Working Group

    Science.gov (United States)

    Real, Charles R.; Johnson, Laurie; Jones, Lucile M.; Ross, Stephanie L.; Kontar, Y.A.; Santiago-Fandiño, V.; Takahashi, T.

    2014-01-01

    California has established a Tsunami Policy Working Group to facilitate development of policy recommendations for tsunami hazard mitigation. The Tsunami Policy Working Group brings together government and industry specialists from diverse fields including tsunami, seismic, and flood hazards, local and regional planning, structural engineering, natural hazard policy, and coastal engineering. The group is acting on findings from two parallel efforts: The USGS SAFRR Tsunami Scenario project, a comprehensive impact analysis of a large credible tsunami originating from an M 9.1 earthquake in the Aleutian Islands Subduction Zone striking California’s coastline, and the State’s Tsunami Preparedness and Hazard Mitigation Program. The unique dual-track approach provides a comprehensive assessment of vulnerability and risk within which the policy group can identify gaps and issues in current tsunami hazard mitigation and risk reduction, make recommendations that will help eliminate these impediments, and provide advice that will assist development and implementation of effective tsunami hazard risk communication products to improve community resiliency.

  16. Value of risk management

    OpenAIRE

    Vik, Marie Amdal

    2012-01-01

    Master's thesis in Risk management The overall aim of this study was to discuss the validity of the hypothesis that risk management contributes with added value to projects and the enterprise holding the projects, and consequently to the enterprise’s stakeholders. To examine this hypothesis, a case study of three projects taken from the same portfolio at Statoil was selected. The projects were said to have an active risk management. Data was collected from the project’s documentation as...

  17. Supply Cain Risk Management

    OpenAIRE

    Goodwin, Les

    2011-01-01

    “The management of supply chain risk is crucial to any business, more so to Rolls Royce who face an almost doubling of load within the next 10 years. So what is supply chain risk management and how well is it deployed within an operational business of Rolls Royce? What are the tools and techniques available and what are the key issues around implementing world class supply chain risk management with a Supply Chain Unit within Rolls Royce?”

  18. Supply chain risk management

    OpenAIRE

    Christian Hollstein; Frank Himpel

    2013-01-01

    Background: Supply chain risk management increasingly gains prominence in many international industries. In order to strengthen supply chain structures, processes, and networks, adequate potentials for risk management need to be built (focus on effective logistics) and to be utilized (focus on efficient logistics). Natural-based disasters, such as the case of Fukushima, illustrate how crucial risk management is. Method: By aligning a theoretical-conceptual framework with empirical-induct...

  19. Exchange Risk Management Policy

    CERN Document Server

    2005-01-01

    At the Finance Committee of March 2005, following a comment by the CERN Audit Committee, the Chairman invited the Management to prepare a document on exchange risk management policy. The Finance Committee is invited to take note of this document.

  20. Identifying and Managing Risk.

    Science.gov (United States)

    Abraham, Janice M.

    1999-01-01

    The role of the college or university chief financial officer in institutional risk management is (1) to identify risk (physical, casualty, fiscal, business, reputational, workplace safety, legal liability, employment practices, general liability), (2) to develop a campus plan to reduce and control risk, (3) to transfer risk, and (4) to track and…

  1. Tsunami Forecasting: The 10 August 2009 Andaman tsunami Demonstrates Progress

    Science.gov (United States)

    Titov, Vasily; Moore, Christopher; Uslu, Burak; Kanoglu, Utku

    2010-05-01

    government and community levels are necessary to further reduce risk. References Synolakis, C.E., et al. (2008), Validation and verification of tsunami numerical models, Pure and Applied Geophysics. 165(11-12), 2197-2228. Titov, V.V. (2009), Chapter 12: Tsunami forecasting, The SEA, Tsunamis, vol. 15, Harvard University Press, p. 371-400. Wei, Y., et al. (2008), Real-time experimental forecast of the Peruvian tsunami of August 2007 for U.S. coastlines, Geophys. Res. Lett. 35, L04609.

  2. Risk management overview

    International Nuclear Information System (INIS)

    McGovern, S.

    1995-01-01

    Launching of the first natural gas contract by the New York Mercantile Exchange (NYMEX) in April 1990 was a huge success which allowed natural gas to surpass crude oil as the most successful launch of any commodity contract. Despite this unprecedented initial success it must be kept in mind that in a competitive marketplace there are risks of many kinds (market risks, price risks, basis risks, currency risks and timing risks), that parties must deal with in everyday operations. The concept of risk management was defined, techniques and issues in risk management were explained, a glossary of fully explained industry terms, and basic financial tools most often used in risk management, were provided. 11 figs

  3. Social and ethical issues in environmental risk management.

    Science.gov (United States)

    Oughton, Deborah H

    2011-07-01

    The recognition of the social and ethical aspects of radiation risk management has been an important part of international projects following the Chernobyl accident of 1986. This study comments on the science and policy issues in environmental risk assessment, including the social and ethical dimensions of emergency preparedness and remediation experiences gained from the Chernobyl accident. While the unique situation of Fukushima, combined with an earthquake and tsunami, raises its own social and political challenges, it is hoped that some of the lessons learnt from Chernobyl will be relevant to long-term management of the Fukushima site. Copyright © 2011 SETAC.

  4. Perspectives: Intellectual Risk Management

    Science.gov (United States)

    Hall, James C.

    2013-01-01

    Ask a college administrator about students and risk management, and you're likely to get a quick and agitated speech about alcohol consumption and bad behavior or a meditation on mental health and campus safety. But in colleges and universities, we manage intellectual risk-taking too. Bring that up, and you'll probably get little out of that same…

  5. Risk Management and Simulation

    DEFF Research Database (Denmark)

    Skovmand, David

    2014-01-01

    Review of: Risk Management and Simulation / Aparna Gupta. Boca Raton, FL: CRC Press, 2013, xxix + 491 pp., $99.95(H), ISBN: 978-1-4398-3594-4.......Review of: Risk Management and Simulation / Aparna Gupta. Boca Raton, FL: CRC Press, 2013, xxix + 491 pp., $99.95(H), ISBN: 978-1-4398-3594-4....

  6. Agricultural risk management

    DEFF Research Database (Denmark)

    Lund, Mogens; Oksen, Arne; Larsen, Torben U.

    2005-01-01

    A new model for risk management in agriculture is described in the paper. The risk model is constructed as a context dependent process, which includes four main phases. The model is aimed at agricultural advisors, who wish to facilitate and disseminate risk management to farmers. It is developed...... and tested by an action research approach in an attempt to make risk management more applicable on family farms. Our obtained experiences indicate that farmers don’t apply probabilistic thinking and other concepts according to formal decision theory....

  7. Projecting community changes in hazard exposure to support long-term risk reduction: A case study of tsunami hazards in the U.S. Pacific Northwest

    Science.gov (United States)

    Sleeter, Benjamin M.; Wood, Nathan J.; Soulard, Christopher E.; Wilson, Tamara

    2017-01-01

    Tsunamis have the potential to cause considerable damage to communities along the U.S. Pacific Northwest coastline. As coastal communities expand over time, the potential societal impact of tsunami inundation changes. To understand how community exposure to tsunami hazards may change in coming decades, we projected future development (i.e. urban, residential, and rural), households, and residents over a 50-year period (2011–2061) along the Washington, Oregon, and northern California coasts. We created a spatially explicit, land use/land cover, state-and-transition simulation model to project future developed land use based on historical development trends. We then compared our development projection results to tsunami-hazard zones associated with a Cascadia subduction zone (CSZ) earthquake. Changes in tsunami-hazard exposure by 2061 were estimated for 50 incorporated cities, 7 tribal reservations, and 17 counties relative to current (2011) estimates. Across the region, 2061 population exposure in tsunami-hazard zones was projected to increase by 3880 households and 6940 residents. The top ten communities with highest population exposure to CSZ-related tsunamis in 2011 are projected to remain the areas with the highest population exposure by 2061. The largest net population increases in tsunami-hazard zones were projected in the unincorporated portions of several counties, including Skagit, Coos, and Humboldt. Land-change simulation modeling of projected future development serves as an exploratory tool aimed at helping local governments understand the hazard-exposure implications of community growth and to include this knowledge in risk-reduction planning.

  8. The management object in risk management approaches

    OpenAIRE

    Christiansen, Ulrik

    2013-01-01

    Using a systematic review of the last 55 years of research within risk management this paper explores how risk management as a management technology (methodologies, tools and frameworks to mitigate or manage risks) singles out risks as an object for management in order to make action possible. The paper synthesise by developing a framework of how different views on risk management enable and constrain the knowledge about risk and thus frame the possibilities to measure, analyse an...

  9. Using Interdisciplinary Research Methods to Revise and Strengthen the NWS TsunamiReadyTM Community Recognition Program

    Science.gov (United States)

    Scott, C.; Gregg, C. E.; Ritchie, L.; Stephen, M.; Farnham, C.; Fraser, S. A.; Gill, D.; Horan, J.; Houghton, B. F.; Johnson, V.; Johnston, D.

    2013-12-01

    The National Tsunami Hazard Mitigation Program (NTHMP) partnered with the National Weather Service (NWS) in early 2000 to create the TsunamiReadyTM Community Recognition program. TsunamiReadyTM, modeled after the older NWS StormReadyTM program, is designed to help cities, towns, counties, universities and other large sites in coastal areas reduce the potential for disastrous tsunami-related consequences. To achieve TsunamiReadyTM recognition, communities must meet certain criteria aimed at better preparing a community for tsunami, including specific actions within the following categories: communications and coordination, tsunami warning reception, local warning dissemination, community preparedness, and administration. Using multidisciplinary research methods and strategies from Public Health; Psychology; Political, Social and Physical Sciences and Evaluation, our research team is working directly with a purposive sample of community stakeholders in collaboration and feedback focus group sessions. Invitation to participate is based on a variety of factors including but not limited to an individual's role as a formal or informal community leader (e.g., in business, government, civic organizations), or their organization or agency affiliation to emergency management and response. Community organizing and qualitative research methods are being used to elicit discussion regarding TsunamiReadyTM requirements and the division of requirements based on some aspect of tsunami hazard, vulnerability and risk, such as proximity to active or passive plate margins or subduction zone generated tsunamis versus earthquake-landslide generated tsunamis . The primary aim of this research is to use social science to revise and refine the NWS TsunamiReadyTM Guidelines in an effort to better prepare communities to reduce risk to tsunamis.

  10. Individual Property Risk Management

    Directory of Open Access Journals (Sweden)

    Michael S. Finke

    2010-01-01

    Full Text Available This paper reviews household property risk management and estimates normatively optimal choice under theoretical assumptions. Although risk retention limits are common in the financial planning industry, estimates of optimal risk retention that include both financial and human wealth far exceed limits commonly recommended. Households appear to frame property losses differently from other wealth losses leading to wealth-reducing, excess risk transfer. Possible theoretical explanations for excess sensitivity to loss are reviewed. Differences between observed and optimal risk management imply a large potential gain from improved choice.

  11. Numerical tool for tsunami risk assessment in the southern coast of Dominican Republic

    Science.gov (United States)

    Macias Sanchez, J.; Llorente Isidro, M.; Ortega, S.; Gonzalez Vida, J. M., Sr.; Castro, M. J.

    2016-12-01

    The southern coast of Dominican Republic is a very populated region, with several important cities including Santo Domingo, its capital. Important activities are rooted in the southern coast including tourism, industry, commercial ports, and, energy facilities, among others. According to historical reports, it has been impacted by big earthquakes accompanied by tsunamis as in Azua in 1751 and recently Pedernales in 2010, but their sources are not clearly identified. The aim of the present work is to develop a numerical tool to simulate the impact in the southern coast of the Dominican Republic of tsunamis generated in the Caribbean Sea. This tool, based on the Tsunami-HySEA model from EDANYA group (University of Malaga, Spain), could be used in the framework of a Tsunami Early Warning Systems due the very short computing times when only propagation is computed or it could be used to assess inundation impact, computing inundation with a initial 5 meter resolution. Numerical results corresponding to three theoretical sources are used to test the numerical tool.

  12. Tsunami Forecasting in the Atlantic Basin

    Science.gov (United States)

    Knight, W. R.; Whitmore, P.; Sterling, K.; Hale, D. A.; Bahng, B.

    2012-12-01

    -computation - starting with those sources that carry the highest risk. Model computation zones are confined to regions at risk to save computation time. For example, Atlantic sources have been shown to not propagate into the Gulf of Mexico. Therefore, fine grid computations are not performed in the Gulf for Atlantic sources. Outputs from the Atlantic model include forecast marigrams at selected sites, maximum amplitudes, drawdowns, and currents for all coastal points. The maximum amplitude maps will be supplemented with contoured energy flux maps which show more clearly the effects of bathymetric features on tsunami wave propagation. During an event, forecast marigrams will be compared to observations to adjust the model results. The modified forecasts will then be used to set alert levels between coastal breakpoints, and provided to emergency management.

  13. Submarine mass wasting and associated tsunami risk offshore western Thailand, Andaman Sea, Indian Ocean

    Directory of Open Access Journals (Sweden)

    J. M. Schwab

    2012-08-01

    Full Text Available 2-D seismic data from the top and the western slope of Mergui Ridge in water depths between 300 and 2200 m off the Thai west coast have been investigated in order to identify mass transport deposits (MTDs and evaluate the tsunamigenic potential of submarine landslides in this outer shelf area. Based on our newly collected data, 17 mass transport deposits have been identified. Minimum volumes of individual MTDs range between 0.3 km3 and 14 km3. Landslide deposits have been identified in three different settings: (i stacked MTDs within disturbed and faulted basin sediments at the transition of the East Andaman Basin to the Mergui Ridge; (ii MTDs within a pile of drift sediments at the basin-ridge transition; and (iii MTDs near the edge of/on top of Mergui Ridge in relatively shallow water depths (< 1000 m. Our data indicate that the Mergui Ridge slope area seems to have been generally unstable with repeated occurrence of slide events. We find that the most likely causes for slope instabilities may be the presence of unstable drift sediments, excess pore pressure, and active tectonics. Most MTDs are located in large water depths (> 1000 m and/or comprise small volumes suggesting a small tsunami potential. Moreover, the recurrence rates of failure events seem to be low. Some MTDs with tsunami potential, however, have been identified on top of Mergui Ridge. Mass-wasting events that may occur in the future at similar locations may trigger tsunamis if they comprise sufficient volumes. Landslide tsunamis, emerging from slope failures in the working area and affecting western Thailand coastal areas therefore cannot be excluded, though the probability is very small compared to the probability of earthquake-triggered tsunamis, arising from the Sunda Trench.

  14. The invasion risk of species associated with Japanese Tsunami Marine Debris in Pacific North America and Hawaii.

    Science.gov (United States)

    Therriault, Thomas W; Nelson, Jocelyn C; Carlton, James T; Liggan, Lauran; Otani, Michio; Kawai, Hiroshi; Scriven, Danielle; Ruiz, Gregory M; Clarke Murray, Cathryn

    2018-01-25

    Marine debris from the Great Tsunami of 2011 represents a unique transport vector for Japanese species to reach Pacific North America and Hawaii. Here we characterize the invasion risk of invertebrate species associated with tsunami debris using a screening-level risk assessment tool - the Canadian Marine Invasive Screening Tool (CMIST). Higher-risk invertebrate invaders were identified for each of five different ecoregions. Some of these are well-known global invaders, such as the mussel Mytilus galloprovincialis and the ascidian Didemnum vexillum which already have invasion histories in some of the assessed ecoregions, while others like the sea star Asterias amurensis and the shore crab Hemigrapsus sanguineus have yet to invade large portions of the assessed ecoregions but also are recognized global invaders. In general, the probability of invasion was lower for the Gulf of Alaska and Hawaii, in part due to lower climate matches and the availability of other invasion vectors. Crown Copyright © 2018. Published by Elsevier Ltd. All rights reserved.

  15. The Global Tsunami Model (GTM)

    Science.gov (United States)

    Lorito, S.; Basili, R.; Harbitz, C. B.; Løvholt, F.; Polet, J.; Thio, H. K.

    2017-12-01

    The tsunamis occurred worldwide in the last two decades have highlighted the need for a thorough understanding of the risk posed by relatively infrequent but often disastrous tsunamis and the importance of a comprehensive and consistent methodology for quantifying the hazard. In the last few years, several methods for probabilistic tsunami hazard analysis have been developed and applied to different parts of the world. In an effort to coordinate and streamline these activities and make progress towards implementing the Sendai Framework of Disaster Risk Reduction (SFDRR) we have initiated a Global Tsunami Model (GTM) working group with the aim of i) enhancing our understanding of tsunami hazard and risk on a global scale and developing standards and guidelines for it, ii) providing a portfolio of validated tools for probabilistic tsunami hazard and risk assessment at a range of scales, and iii) developing a global tsunami hazard reference model. This GTM initiative has grown out of the tsunami component of the Global Assessment of Risk (GAR15), which has resulted in an initial global model of probabilistic tsunami hazard and risk. Started as an informal gathering of scientists interested in advancing tsunami hazard analysis, the GTM is currently in the process of being formalized through letters of interest from participating institutions. The initiative has now been endorsed by the United Nations International Strategy for Disaster Reduction (UNISDR) and the World Bank's Global Facility for Disaster Reduction and Recovery (GFDRR). We will provide an update on the state of the project and the overall technical framework, and discuss the technical issues that are currently being addressed, including earthquake source recurrence models, the use of aleatory variability and epistemic uncertainty, and preliminary results for a probabilistic global hazard assessment, which is an update of the model included in UNISDR GAR15.

  16. Potential Environmental and Environmental-Health Implications of the SAFRR Tsunami Scenario in California: Chapter F in The SAFRR (Science Application for Risk Reduction) Tsunami Scenario

    Science.gov (United States)

    Plumlee, Geoffrey S.; Morman, Suzette A.; San Juan, Carma

    2013-01-01

    The California Tsunami Scenario models the impacts of a hypothetical, yet plausible, tsunami caused by an earthquake offshore from the Alaska Peninsula. In this chapter, we interpret plausible tsunami-related contamination, environmental impacts, potential for human exposures to contaminants and hazardous materials, and implications for remediation and recovery. Inundation-related damages to major ports, boat yards, and many marinas could release complex debris, crude oil, various fuel types and other petroleum products, some liquid bulk cargo and dry bulk cargo, and diverse other pollutants into nearby coastal marine environments and onshore in the inundation zone. Tsunami-induced erosion of contaminated harbor bottom sediments could re-expose previously sequestered metal and organic pollutants (for example, organotin or DDT). Inundation-related damage to many older buildings could produce debris containing lead paint, asbestos, pesticides, and other legacy contaminants. Intermingled household debris and externally derived debris and sediments would be left in flooded buildings. Post tsunami, mold would likely develop in inundated houses, buildings, and debris piles. Tsunamigenic fires in spilled oil, debris, cargo, vehicles, vegetation, and residential, commercial, or industrial buildings and their contents would produce potentially toxic gases and smoke, airborne ash, and residual ash/debris containing caustic alkali solids, metal toxicants, asbestos, and various organic toxicants. Inundation of and damage to wastewater treatment plants in many coastal cities could release raw sewage containing fecal solids, pathogens, and waste chemicals, as well as chemicals used to treat wastewaters. Tsunami-related physical damages, debris, and contamination could have short- and longer-term impacts on the environment and the health of coastal marine and terrestrial ecosystems. Marine habitats in intertidal zones, marshes, sloughs, and lagoons could be damaged by erosion or

  17. Optimizing risk management

    International Nuclear Information System (INIS)

    Kindred, G.W.

    2000-01-01

    Commercial nuclear power plant management is focussed on the safe, efficient, economical production of electricity. To accomplish the safe aspect of the equation, risk must be determined for the operation and maintenance of the facility. To accomplish the efficient aspect of the equation, management must understand those risks and factor risk insights into their decision process. The final piece of the equation is economical which is accomplished by minimizing, plant outage durations and proper utilization of resources. Probabilistic Risk Assessment can provide the risk insights to accomplish all three; safety, efficiency, and economically. How? Safe production of electricity can be quantified by use of PRA modeling and other risk insights that can determine the core damage frequency. Efficient production of electricity can be influenced by providing management with quantified risk insights for use in decision making. And, one example of economical production of electricity is by not having over conservative deterministic based defense in depth approaches to system maintenance and availability. By using risk-informed insights nuclear safety can be quantified and risk can be managed. Confidence in this approach can be achieved by ensuring the content and quality of the PRA is standardized throughout the industry. The time has arrived for Probabilistic Risk Assessment to take an active position as a major role player in the safe, efficient, and economical operation of commercial nuclear power plants. (author)

  18. Internal Audit and Risk Management

    OpenAIRE

    Constantin Nicolae Vasile; Alexandru Georgiana

    2011-01-01

    Internal audit and risk management have the same goal: the control of risk. There are various roles for the internal audit in respect of risk management. The main limitations of internal audit in respect of risk management regards assuming risk management tasks. One of the main issues regarding risk management is to make sure that the key risks are taken into consideration and that the management and the board of the organization take action as needed. Internal audit could give advice to mana...

  19. Quantifying human response capabilities towards tsunami threats at community level

    Science.gov (United States)

    Post, J.; Mück, M.; Zosseder, K.; Wegscheider, S.; Taubenböck, H.; Strunz, G.; Muhari, A.; Anwar, H. Z.; Birkmann, J.; Gebert, N.

    2009-04-01

    Decision makers at the community level need detailed information on tsunami risks in their area. Knowledge on potential hazard impact, exposed elements such as people, critical facilities and lifelines, people's coping capacity and recovery potential are crucial to plan precautionary measures for adaptation and to mitigate potential impacts of tsunamis on society and the environment. A crucial point within a people-centred tsunami risk assessment is to quantify the human response capabilities towards tsunami threats. Based on this quantification and spatial representation in maps tsunami affected and safe areas, difficult-to-evacuate areas, evacuation target points and evacuation routes can be assigned and used as an important contribution to e.g. community level evacuation planning. Major component in the quantification of human response capabilities towards tsunami impacts is the factor time. The human response capabilities depend on the estimated time of arrival (ETA) of a tsunami, the time until technical or natural warning signs (ToNW) can be received, the reaction time (RT) of the population (human understanding of a tsunami warning and the decision to take appropriate action), the evacuation time (ET, time people need to reach a safe area) and the actual available response time (RsT = ETA - ToNW - RT). If RsT is larger than ET, people in the respective areas are able to reach a safe area and rescue themselves. Critical areas possess RsT values equal or even smaller ET and hence people whin these areas will be directly affected by a tsunami. Quantifying the factor time is challenging and an attempt to this is presented here. The ETA can be derived by analyzing pre-computed tsunami scenarios for a respective area. For ToNW we assume that the early warning center is able to fulfil the Indonesian presidential decree to issue a warning within 5 minutes. RT is difficult as here human intrinsic factors as educational level, believe, tsunami knowledge and experience

  20. Risk Management Plan Rule

    Science.gov (United States)

    RMP implements Section 112(r) of the 1990 Clean Air Act amendments, and requires facilities that use extremely hazardous substances to develop a Risk Management Plan and revise/resubmit every five years. Find guidance, factsheets, training, and assistance.

  1. Making Risk Management Strategic

    DEFF Research Database (Denmark)

    Sax, Johanna; Andersen, Torben Juul

    2018-01-01

    Enterprise risk management (ERM) is an established management practice and is increasing in prominence as more firms spend substantial resources implementing ERM frameworks, partially induced by regulatory requirements. Yet, there is a lack of knowledge as to whether such frameworks add value and...... outcomes. The study develops a new multidimensional measure of adherence to ERM practices where earlier studies typically have relied on dichotomous proxies. We discuss the implications of these findings for ERM practice and strategic management in general....

  2. Governmental management of chemical risk

    International Nuclear Information System (INIS)

    Zimmerman, R.

    1990-01-01

    This book is organized under the following headings: risk management in the government context; legal and regulatory decrees and directives for managing chemical risk; incentive-based approaches for regulating risk; risk management in the federal system; and traditional approaches and new initiatives for managing chemical risk

  3. Risk management versus incentives

    International Nuclear Information System (INIS)

    Aven, E.; Lovas, K.; Osmundsen, P.

    2006-01-01

    Portfolio theory indicates that risk management should take place at the group level. Hedging at the project level or in the individual business areas may lead to suboptimal results. However, the efficiency of a profit centre depends on its management's being able to influence factors that are crucial to the unit's financial results. Price hedging could be one such factor. In the wider perspective, this constitutes part of the balancing between centralisation and decentralisation. This article covers important elements of risk management and incentive design. It goes on to discuss the balancing of overall risk management at the group level and incentive design in profit centres and corporate units. Throughout the article, the oil industry serves as a case. (author)

  4. Risk management guide

    International Nuclear Information System (INIS)

    Briscoe, G.J.

    1977-06-01

    Risk management requires an assessment or a knowledge of risk. This, in turn, requires identification of hazards (sources of risk) and a determination of risk (evaluation of the hazard degree). The hazard identification and risk analysis techniques presented in this Guide are, in general, based on the MORT concept that accidents result from unwanted energy flow in the absence of adequate controls and/or barriers. This Guide presents an analytical tree designed to prevent oversight of specific energy sources in risk identification. Hazard identification by field personnel is also discussed. Quantitative risk analysis is discussed in the following section. A method for summary of the risks for each energy classification is given. This method uses a graphical log-normal projection so that low probability events, which are not adequately represented in the experience data, are included in the risk assessment. This permits a more acceptable risk assessment since catastrophes are not ignored, even though the actual risk is only approximated. In addition, a few examples of risk analysis of specific hazards are given. Rudimentary probability and fault tree theory are used in these examples. Total risk assessment and resource allocation and safety performance trend analysis are discussed

  5. High Resolution Tsunami Modelling for the Evaluation of Potential Risk Areas in Setubal

    Science.gov (United States)

    Ribeiro, João.; Silva, Adélio; Leitão, Paulo

    2010-05-01

    Modeling has a relevant role in today's natural hazards mitigation planning as it can cover a wide range of natural phenomena. This is also the case for an event like a tsunami. In order to support the urban planning or prepare emergency response plans it is of major importance to be able to properly evaluate the vulnerability associated with different areas and/or equipments. The use of high resolution models can provide relevant information about the most probable inundation areas which complemented with other data such as the type of buildings, location of prioritary equipments, etc., may effectively contribute to better identify the most vulnerable zones, define rescue and escape routes and adequate the emergency plans to the constraints associated to these type of events. In the framework of FP6 SCHEMA project these concepts are being applied to different test sites and a detailed evaluation of the vulnerability of buildings and people to a tsunami event is being evaluated. One of the sites selected it is located in Portugal, in the Atlantic coast, and it refers to Setúbal area which is located about 40 km south of Lisbon. Within this site two specific locations are being evaluated: one is the city of Setúbal (in the Sado estuary right margin) and the other is the Tróia peninsula (in the Sado estuary left margin). Setúbal city is a medium size town with about 114,000 inhabitants while Tróia is a touristic resort located in a shallow area with a high seasonal occupation and has the river Sado as one of the main sources of income to the city. Setúbal was one of the Portuguese villages that was seriously damaged by the of 1755 earthquake event. The 1755 earthquake, also known as the Great Lisbon Earthquake, took place on 1 November 1755, the catholic holiday of All Saints, around 09:30 AM. The earthquake was followed by a tsunami and fires which caused a huge destruction of Lisboa and Setúbal In the framework of the present study, a detailed evaluation of

  6. Managing Risk and Opportunity

    DEFF Research Database (Denmark)

    Andersen, Torben Juul; Garvey, Maxine; Roggi, Oliviero

    outcomes. This topic is timely and of interest both to the academic community as well as to practicing managers, executives, and directors. The volume focuses on contemporary risk leadership issues based on recent research insights but avoids excessive technical language and mathematical formulas. The book...... is framed around the challenges imposed on executives and directors in dealing with an increasingly complex and unpredictable world. This requires a new risk leadership focus that not only avoids the downside risks but also considers ways to exploit the upside potential offered by a dynamic environment....... The underlying logic is built on the principles of financial economics where benefits derive from reducing bankruptcy costs and increasing future cash inflows. This provides a stringent framework for analyzing the effect of different risk management actions and behaviors in effective risk-taking organizations...

  7. Evaluation of Refuge Life Risk using Geographical and Social Grid-Models with Satellite-Based House Ratio and Flood Depth by Tsunami Simulation

    Science.gov (United States)

    Kaneko, D.; Hosoyamada, T.

    2017-12-01

    The authors have developed social and geographical models for evaluating and applying life risk to the Kamakura coast near the south-western part of the metropolitan areas of Tokyo. The coastline close to the seismic center of the South Kanto earthquake is in the riskiest belt in the metropolitan area with a high possibility of house collapse and tsunami run-up. Kamakura is an important historical city, visited by many tourists who are not familiar with seismic dangers. There is a high probability of loss of human life during an evacuation of the city during tsunami waves. To evaluate the distribution of life risk characteristics in the area, models for citizens and sightseers are developed that includes social data such as population density, wooden-house ratio, and geographical evacuation distance and tsunami-flooding depth. The population of Kamakura City is 174,050 and the risk of tsunami evacuation is high in the area from the southern part of Kamakura Station to Zaimokuza block, where the population is approximately 15,310 people. There are about 26,000 tourists visiting this area on weekdays and about 100,000 sightseers visiting the area on Saturdays and Sundays. On weekdays the population per mesh will increase by half of the 2,000 inhabitants. On Saturdays and Sundays the population density will be 4 thousand who will double those of the inhabitants. A disaster prevention hill is proposed as a tsunami countermeasure on the coast of Kamakura City. The hill is covered by pine forest with a high-standard road, evacuation center, and sightseeing parking lots embedded in the hilly bank. In normal times, tourists and citizens use this area as a seaside pine park. Long concrete box structures strengthen the hill inside the mound, which has two levels, the lower equipped with high-standard-width roads on the ground level. The parking areas will resolve daily traffic congestion issues along the Kamakura main streets. The evaluation of over-flooding tsunamis and

  8. Air quality risk management.

    Science.gov (United States)

    Williams, Martin L

    2008-01-01

    Rather than attempt to provide a comprehensive account of air quality risk assessment, as might be found in a textbook or manual, this article discusses some issues that are of current importance in the United Kingdom and the rest of Europe, with special emphasis on risk assessment in the context of policy formulation, and emerging scientific knowledge. There are two pollutants of particular concern and that both pose challenges for risk assessment and policy, and they are particulate matter (PM) and ozone. The article describes some issues for health risk assessment and finally some forward-looking suggestions for future approaches to air quality management.

  9. Managing power risk

    International Nuclear Information System (INIS)

    Rudd, D.C.

    1999-01-01

    Issues regarding the management of financial risks in the electric power market were discussed. The nature of the risk was defined for electricity producers, local utilities, traders/dealers, and brokers, each of which are exposed to different types of risks with the exception of credit risk, which is common to all. The main features of options, swaps, CFDs, bilateral financial contracts, futures contracts and the terms of the NYMEX electricity contract were outlined. Basic derivative strategies, the role of the broker, the elements of emissions trading, and trading strategies for consumers were also explained. 3 fig

  10. Tsunamis - General

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Tsunami is a Japanese word meaning harbor wave. It is a water wave or a series of waves generated by an impulsive vertical displacement of the surface of the ocean...

  11. Tsunami evacuation analysis, modelling and planning: application to the coastal area of El Salvador

    Science.gov (United States)

    Gonzalez-Riancho, Pino; Aguirre-Ayerbe, Ignacio; Aniel-Quiroga, Iñigo; Abad Herrero, Sheila; González Rodriguez, Mauricio; Larreynaga, Jeniffer; Gavidia, Francisco; Quetzalcoalt Gutiérrez, Omar; Álvarez-Gómez, Jose Antonio; Medina Santamaría, Raúl

    2014-05-01

    Advances in the understanding and prediction of tsunami impacts allow the development of risk reduction strategies for tsunami-prone areas. Conducting adequate tsunami risk assessments is essential, as the hazard, vulnerability and risk assessment results allow the identification of adequate, site-specific and vulnerability-oriented risk management options, with the formulation of a tsunami evacuation plan being one of the main expected results. An evacuation plan requires the analysis of the territory and an evaluation of the relevant elements (hazard, population, evacuation routes, and shelters), the modelling of the evacuation, and the proposal of alternatives for those communities located in areas with limited opportunities for evacuation. Evacuation plans, which are developed by the responsible authorities and decision makers, would benefit from a clear and straightforward connection between the scientific and technical information from tsunami risk assessments and the subsequent risk reduction options. Scientifically-based evacuation plans would translate into benefits for the society in terms of mortality reduction. This work presents a comprehensive framework for the formulation of tsunami evacuation plans based on tsunami vulnerability assessment and evacuation modelling. This framework considers (i) the hazard aspects (tsunami flooding characteristics and arrival time), (ii) the characteristics of the exposed area (people, shelters and road network), (iii) the current tsunami warning procedures and timing, (iv) the time needed to evacuate the population, and (v) the identification of measures to improve the evacuation process, such as the potential location for vertical evacuation shelters and alternative routes. The proposed methodological framework aims to bridge the gap between risk assessment and risk management in terms of tsunami evacuation, as it allows for an estimation of the degree of evacuation success of specific management options, as well as

  12. Management of radiation risk

    International Nuclear Information System (INIS)

    Hubert, P.

    1996-01-01

    The need to control the risk from ionizing radiation can be tracked back to the eve of the twentieth century. However, as knowledge improved and practices expanded, the approaches to this control have evolved. No longer is the mere respect of some forms of exposure limits or safety related standards sufficient. Rather, it is widely admitted that there is a need for managing radiation risk, both by balancing the advantages and disadvantages of enhancing protection and by setting up a proper organization that allows handling of the risk. This paper describes the multiple aspects of radiation risk management and points out the main related issues. It critically analyzes ALARA and ICRP recommendations. 74 refs, 8 figs, 5 tabs

  13. Managing Chemical & Material Risks

    Science.gov (United States)

    2011-12-01

    Certification Program Acquisition, Technology and Logistics 9 DoD Hexavalent Chromium Risk Reduction Non- Chrome Primer II EXAVAJ ENT CHROM lrUMI...Royal Demolition eXplosive (RDX) • Cyclotrimethylenetrinitramine  Hexavalent Chromium (Cr6+) Naphthalene …pending downgrade to watch list Beryllium...T1me (secondo) 700 Acquisition, Technology and Logistics 10 Hexavalent Chromium Risk Management Actions • DoD minimization policy signed April

  14. Managing risk at Hanford

    International Nuclear Information System (INIS)

    Hesser, W.A.; Stillwell, W.G.; Rutherford, W.A.

    1994-01-01

    Clearly, there is sufficient motivation from Washington for the Hanford community to pay particular attention to the risks associated with the substantial volumes of radiological, hazardous, and mixed waste at Hanford. But there is also another reason for emphasizing risk: Hanford leaders have come to realize that their decisions must consider risk and risk reduction if those decisions are to be technically sound, financially affordable, and publicly acceptable. The 560-square miles of desert land is worth only a few thousand dollars an acre (if that) -- hardly enough to justify the almost two billion dollars that will be spent at Hanford this year. The benefit of cleaning up the Hanford Site is not the land but the reduction of potential risk to the public and the environment for future generations. If risk reduction is our ultimate goal, decisions about priority of effort and resource allocation must consider those risks, now and in the future. The purpose of this paper is to describe how Hanford is addressing the issues of risk assessment, risk management, and risk-based decision making and to share some of our experiences in these areas

  15. Investigation of risk management auditing

    International Nuclear Information System (INIS)

    Cao Lu

    2012-01-01

    2004, COSO published 'Enterprise Risk Management Framework', 2009, SASAC issued the 'central enterprise-wide risk management guidelines' to promote risk management within the formal state-owned enterprises in medium and large. Nuclear Group, which risk management in all branches to carry out the project homeopathic, and A Ⅱ will carry out risk management program as the first unit has accumulated more experience. This article from the perspective of internal control, based on the company's risk management practices carried out to try for the nuclear power enterprise risk management audit to describe and propose new ideas. Which expounds the significance of risk management, audit, risk management audit of the ways and means, for practical application of risk management audit of a representative summary of the issues and the ways and means to solve the problem of forward-looking recommendations. (authors)

  16. Managing Risk and Opportunity

    DEFF Research Database (Denmark)

    Andersen, Torben Juul; Garvey, Maxine; Roggi, Oliviero

    outcomes. This topic is timely and of interest both to the academic community as well as to practicing managers, executives, and directors. The volume focuses on contemporary risk leadership issues based on recent research insights but avoids excessive technical language and mathematical formulas. The book...... is framed around the challenges imposed on executives and directors in dealing with an increasingly complex and unpredictable world. This requires a new risk leadership focus that not only avoids the downside risks but also considers ways to exploit the upside potential offered by a dynamic environment...

  17. Issues of tsunami hazard maps revealed by the 2011 Tohoku tsunami

    Science.gov (United States)

    Sugimoto, M.

    2013-12-01

    Tsunami scientists are imposed responsibilities of selection for people's tsunami evacuation place after the 2011 Tohoku Tsunami in Japan. A lot of matured people died out of tsunami hazard zone based on tsunami hazard map though students made a miracle by evacuation on their own judgment in Kamaishi city. Tsunami hazard maps were based on numerical model smaller than actual magnitude 9. How can we bridge the gap between hazard map and future disasters? We have to discuss about using tsunami numerical model better enough to contribute tsunami hazard map. How do we have to improve tsunami hazard map? Tsunami hazard map should be revised included possibility of upthrust or downthrust after earthquakes and social information. Ground sank 1.14m below sea level in Ayukawa town, Tohoku. Ministry of Land, Infrastructure, Transport and Tourism's research shows around 10% people know about tsunami hazard map in Japan. However, people know about their evacuation places (buildings) through experienced drills once a year even though most people did not know about tsunami hazard map. We need wider spread of tsunami hazard with contingency of science (See the botom disaster handbook material's URL). California Emergency Management Agency (CEMA) team practically shows one good practice and solution to me. I followed their field trip in Catalina Island, California in Sep 2011. A team members are multidisciplinary specialists: A geologist, a GIS specialist, oceanographers in USC (tsunami numerical modeler) and a private company, a local policeman, a disaster manager, a local authority and so on. They check field based on their own specialties. They conduct an on-the-spot inspection of ambiguous locations between tsunami numerical model and real field conditions today. The data always become older. They pay attention not only to topographical conditions but also to social conditions: vulnerable people, elementary schools and so on. It takes a long time to check such field

  18. Risk management in customs control

    OpenAIRE

    Drobot, Elena; Klevleeva, Aziza

    2016-01-01

    The particularities of risk-management system implementation within customs control are discussed in the article. The authors single out the elements of risk-management system, evaluate effectiveness of risk-management in customs control. The main reasons for non-implementation of risk-management system in customs control are described, as well. Particular attention is paid to the benefits of customs risk management.

  19. Risk management in nuclear projects

    International Nuclear Information System (INIS)

    Salles, Claudio J.R.

    2002-01-01

    The risk management will be defined by different aspects: danger or loss possibility, or responsibility for damage. The risk management is one stage of project management. The risk management is a continuous process of planning, identification, quantification, answer and risk control to maximize the success potential of activity. The reduction of risk is part of priority establishment. This work will indicate how introduce this important instrument in the management of nuclear projects. (author)

  20. The Management Object in Risk Management Approaches

    DEFF Research Database (Denmark)

    Christiansen, Ulrik

    Using a systematic review of the last 55 years of research within risk management this paper explores how risk management as a management technology (methodologies, tools and frameworks to mitigate or manage risks) singles out risks as an object for management in order to make action possible....... The paper synthesise by developing a framework of how different views on risk management enable and constrain the knowledge about risk and thus frame the possibilities to measure, analyse and calculate uncertainty and risk. Inspired by social studies of finance and accounting, the paper finally develops...... three propositions that illustrate how the framing of risk establishes a boundary for how managers might understand value creation and the possible future and how this impacts the possible responses to risk....

  1. Prevalence and risk factors for depressive reaction among resident survivors after the tsunami following the Great East Japan Earthquake, March 11, 2011.

    Directory of Open Access Journals (Sweden)

    Chieko Matsubara

    Full Text Available The Great East Japan Earthquake caused a gigantic tsunami which devastated coastal areas of northern Japan on 11 March 2011. Despite the large number of 'resident survivors' who continued to reside in their damaged houses on the second or upper floors, research on the mental health of these individuals has been limited. This study explored the prevalence of depressive reaction and risk factors for depressive reaction among these resident survivors.A cross-sectional household health support needs screening was conducted for resident survivors in Higashi-Matsushima city, Miyagi prefecture, two to four months after the tsunami. The health interview that was conducted including mental status, assessed by the Patient Health Questionnaire-2 (PHQ-2.Of 5,454 respondents, 8.1% had depressive reaction. After adjustment by the number of weeks from the tsunami and the mortality rate at each respondent's place of residence, depressive reaction was significantly associated with house flooding below or above the ground floor (odds ratios of 1.92, 2.36, respectively, the unavailability of gas supply (odds ratio, 1.67, being female (odds ratio, 1.47, middle aged or elderly (odds ratios of 2.41, 2.42, respectively, regular intake of psychotropic medicine(s since before the tsunami (odds ratio, 2.53 and the presence of one to five or more than six cohabiters (odds ratios of 0.61, 0.52, respectively.The results suggest a considerable psychological burden (depressive reaction following the tsunami among resident survivors. Special supports for families with psychiatric problems need to be considered among resident survivors. Restoration of lifeline utilities and the strengthening of social ties of persons living alone may help prevent depressive reaction among resident survivors after a tsunami.

  2. Prevalence and risk factors for depressive reaction among resident survivors after the tsunami following the Great East Japan Earthquake, March 11, 2011.

    Science.gov (United States)

    Matsubara, Chieko; Murakami, Hitoshi; Imai, Koubun; Mizoue, Tetsuya; Akashi, Hidechika; Miyoshi, Chiaki; Nakasa, Tamotsu

    2014-01-01

    The Great East Japan Earthquake caused a gigantic tsunami which devastated coastal areas of northern Japan on 11 March 2011. Despite the large number of 'resident survivors' who continued to reside in their damaged houses on the second or upper floors, research on the mental health of these individuals has been limited. This study explored the prevalence of depressive reaction and risk factors for depressive reaction among these resident survivors. A cross-sectional household health support needs screening was conducted for resident survivors in Higashi-Matsushima city, Miyagi prefecture, two to four months after the tsunami. The health interview that was conducted including mental status, assessed by the Patient Health Questionnaire-2 (PHQ-2). Of 5,454 respondents, 8.1% had depressive reaction. After adjustment by the number of weeks from the tsunami and the mortality rate at each respondent's place of residence, depressive reaction was significantly associated with house flooding below or above the ground floor (odds ratios of 1.92, 2.36, respectively), the unavailability of gas supply (odds ratio, 1.67), being female (odds ratio, 1.47), middle aged or elderly (odds ratios of 2.41, 2.42, respectively), regular intake of psychotropic medicine(s) since before the tsunami (odds ratio, 2.53) and the presence of one to five or more than six cohabiters (odds ratios of 0.61, 0.52, respectively). The results suggest a considerable psychological burden (depressive reaction) following the tsunami among resident survivors. Special supports for families with psychiatric problems need to be considered among resident survivors. Restoration of lifeline utilities and the strengthening of social ties of persons living alone may help prevent depressive reaction among resident survivors after a tsunami.

  3. Variations in population vulnerability to tectonic and landslide-related tsunami hazards in Alaska

    Science.gov (United States)

    Wood, Nathan J.; Peters, Jeff

    2015-01-01

    Effective tsunami risk reduction requires an understanding of how at-risk populations are specifically vulnerable to tsunami threats. Vulnerability assessments primarily have been based on single hazard zones, even though a coastal community may be threatened by multiple tsunami sources that vary locally in terms of inundation extents and wave arrival times. We use the Alaskan coastal communities of Cordova, Kodiak, Seward, Valdez, and Whittier (USA), as a case study to explore population vulnerability to multiple tsunami threats. We use anisotropic pedestrian evacuation models to assess variations in population exposure as a function of travel time out of hazard zones associated with tectonic and landslide-related tsunamis (based on scenarios similar to the 1964 M w9.2 Good Friday earthquake and tsunami disaster). Results demonstrate that there are thousands of residents, employees, and business customers in tsunami hazard zones associated with tectonically generated waves, but that at-risk individuals will likely have sufficient time to evacuate to high ground before waves are estimated to arrive 30–60 min after generation. Tsunami hazard zones associated with submarine landslides initiated by a subduction zone earthquake are smaller and contain fewer people, but many at-risk individuals may not have enough time to evacuate as waves are estimated to arrive in 1–2 min and evacuations may need to occur during earthquake ground shaking. For all hazard zones, employees and customers at businesses far outnumber residents at their homes and evacuation travel times are highest on docks and along waterfronts. Results suggest that population vulnerability studies related to tsunami hazards should recognize non-residential populations and differences in wave arrival times if emergency managers are to develop realistic preparedness and outreach efforts.

  4. Continuous Risk Management: An Overview

    Science.gov (United States)

    Rosenberg, Linda; Hammer, Theodore F.

    1999-01-01

    Software risk management is important because it helps avoid disasters, rework, and overkill, but more importantly because it stimulates win-win situations. The objectives of software risk management are to identify, address, and eliminate software risk items before they become threats to success or major sources of rework. In general, good project managers are also good managers of risk. It makes good business sense for all software development projects to incorporate risk management as part of project management. The Software Assurance Technology Center (SATC) at NASA GSFC has been tasked with the responsibility for developing and teaching a systems level course for risk management that provides information on how to implement risk management. The course was developed in conjunction with the Software Engineering Institute at Carnegie Mellon University, then tailored to the NASA systems community. This is an introductory tutorial to continuous risk management based on this course. The rational for continuous risk management and how it is incorporated into project management are discussed. The risk management structure of six functions is discussed in sufficient depth for managers to understand what is involved in risk management and how it is implemented. These functions include: (1) Identify the risks in a specific format; (2) Analyze the risk probability, impact/severity, and timeframe; (3) Plan the approach; (4) Track the risk through data compilation and analysis; (5) Control and monitor the risk; (6) Communicate and document the process and decisions.

  5. Information Risk Management and Resilience

    Science.gov (United States)

    Dynes, Scott

    Are the levels of information risk management efforts within and between firms correlated with the resilience of the firms to information disruptions? This paper examines the question by considering the results of field studies of information risk management practices at organizations and in supply chains. The organizations investigated differ greatly in the degree of coupling from a general and information risk management standpoint, as well as in the levels of internal awareness and activity regarding information risk management. The comparison of the levels of information risk management in the firms and their actual or inferred resilience indicates that a formal information risk management approach is not necessary for resilience in certain sectors.

  6. Nuclear risk management

    International Nuclear Information System (INIS)

    2001-01-01

    This paper gives the list of contributions to Eurosafe 2001 which was organised around two round tables on the first day and five seminars on the second day. The first round table dealt with the technical, organisational and societal aspects of risk management aimed at the prevention of accidents in nuclear power plants. The second round table focused on radiological risks from the normal operation of nuclear installations. Special consideration has been given to the involvement of stakeholders. The five seminars were held in order to provide opportunities for comparing experiences and learning about recent activities of IRSN, GRS and their partners in the European Union and Eastern Europe: - Safety assessment and analysis of nuclear installations; -Nuclear safety research; -Environment and radiation protection; - Waste management; - Nuclear material security. (author)

  7. Nuclear risk management

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-07-01

    This paper gives the list of contributions to Eurosafe 2001 which was organised around two round tables on the first day and five seminars on the second day. The first round table dealt with the technical, organisational and societal aspects of risk management aimed at the prevention of accidents in nuclear power plants. The second round table focused on radiological risks from the normal operation of nuclear installations. Special consideration has been given to the involvement of stakeholders. The five seminars were held in order to provide opportunities for comparing experiences and learning about recent activities of IRSN, GRS and their partners in the European Union and Eastern Europe: - Safety assessment and analysis of nuclear installations; -Nuclear safety research; -Environment and radiation protection; - Waste management; - Nuclear material security. (author)

  8. Credit risk management in banks

    OpenAIRE

    Pětníková, Tereza

    2014-01-01

    The subject of this diploma thesis is managing credit risk in banks, as the most significant risk faced by banks. The aim of this work is to define the basic techniques, tools and methods that are used by banks to manage credit risk. The first part of this work focuses on defining these procedures and describes the entire process of credit risk management, from the definition of credit risk, describing credit strategy and policy, organizational structure, defining the most used credit risk mi...

  9. Current Chemical Risk Management Activities

    Science.gov (United States)

    EPA's existing chemicals programs address pollution prevention, risk assessment, hazard and exposure assessment and/or characterization, and risk management for chemicals substances in commercial use.

  10. Managing Complex Environmental Risks

    Energy Technology Data Exchange (ETDEWEB)

    Karlsson, Mikael [Karlstad Univ. (Sweden). Dept. of Environmental Sciences

    2006-09-15

    Environmental and public health risks are often handled in a process in which experts, and sometimes policy makers, try their best to quantitatively assess, evaluate and manage risks. This approach harmonises with mainstream interpretations of sustainable development, which aim at defining a desirable relationship between human and natural systems, for instance by policies that define limit values of different forms of disturbances. However, under conditions of high scientific incertitude, diverging values and distrust, this approach is far from satisfactory. The use of cell phones, hazardous chemicals, nuclear or fossil energy systems, and modern biotechnology are examples of activities causing such risks with high complexity. Against this background, a complementary interpretation of the concept of sustainable development is suggested. This interpretation is operationalised through new formulations of three common principles for public risk management; the precautionary principle, the polluter pays principle and the principle of public participation. Implementation of these reformulated principles would challenge some foundations of present mainstream views on environmental decision-making, but would on the other hand contribute to improved practices for long-term human welfare and planetary survival (full text of contribution)

  11. Managing Complex Environmental Risks

    International Nuclear Information System (INIS)

    Karlsson, Mikael

    2006-01-01

    Environmental and public health risks are often handled in a process in which experts, and sometimes policy makers, try their best to quantitatively assess, evaluate and manage risks. This approach harmonises with mainstream interpretations of sustainable development, which aim at defining a desirable relationship between human and natural systems, for instance by policies that define limit values of different forms of disturbances. However, under conditions of high scientific incertitude, diverging values and distrust, this approach is far from satisfactory. The use of cell phones, hazardous chemicals, nuclear or fossil energy systems, and modern biotechnology are examples of activities causing such risks with high complexity. Against this background, a complementary interpretation of the concept of sustainable development is suggested. This interpretation is operationalised through new formulations of three common principles for public risk management; the precautionary principle, the polluter pays principle and the principle of public participation. Implementation of these reformulated principles would challenge some foundations of present mainstream views on environmental decision-making, but would on the other hand contribute to improved practices for long-term human welfare and planetary survival (full text of contribution)

  12. A new disaster victim identification management strategy targeting "near identification-threshold" cases: Experiences from the Boxing Day tsunami.

    Science.gov (United States)

    Wright, Kirsty; Mundorff, Amy; Chaseling, Janet; Forrest, Alexander; Maguire, Christopher; Crane, Denis I

    2015-05-01

    The international disaster victim identification (DVI) response to the Boxing Day tsunami, led by the Royal Thai Police in Phuket, Thailand, was one of the largest and most complex in DVI history. Referred to as the Thai Tsunami Victim Identification operation, the group comprised a multi-national, multi-agency, and multi-disciplinary team. The traditional DVI approach proved successful in identifying a large number of victims quickly. However, the team struggled to identify certain victims due to incomplete or poor quality ante-mortem and post-mortem data. In response to these challenges, a new 'near-threshold' DVI management strategy was implemented to target presumptive identifications and improve operational efficiency. The strategy was implemented by the DNA Team, therefore DNA kinship matches that just failed to reach the reporting threshold of 99.9% were prioritized, however the same approach could be taken by targeting, for example, cases with partial fingerprint matches. The presumptive DNA identifications were progressively filtered through the Investigation, Dental and Fingerprint Teams to add additional information necessary to either strengthen or conclusively exclude the identification. Over a five-month period 111 victims from ten countries were identified using this targeted approach. The new identifications comprised 87 adults, 24 children and included 97 Thai locals. New data from the Fingerprint Team established nearly 60% of the total near-threshold identifications and the combined DNA/Physical method was responsible for over 30%. Implementing the new strategy, targeting near-threshold cases, had positive management implications. The process initiated additional ante-mortem information collections, and established a much-needed, distinct "end-point" for unresolved cases. Copyright © 2015 Elsevier Ireland Ltd. All rights reserved.

  13. Development of a Probabilistic Tsunami Hazard Analysis in Japan

    International Nuclear Information System (INIS)

    Toshiaki Sakai; Tomoyoshi Takeda; Hiroshi Soraoka; Ken Yanagisawa; Tadashi Annaka

    2006-01-01

    It is meaningful for tsunami assessment to evaluate phenomena beyond the design basis as well as seismic design. Because once we set the design basis tsunami height, we still have possibilities tsunami height may exceeds the determined design tsunami height due to uncertainties regarding the tsunami phenomena. Probabilistic tsunami risk assessment consists of estimating for tsunami hazard and fragility of structures and executing system analysis. In this report, we apply a method for probabilistic tsunami hazard analysis (PTHA). We introduce a logic tree approach to estimate tsunami hazard curves (relationships between tsunami height and probability of excess) and present an example for Japan. Examples of tsunami hazard curves are illustrated, and uncertainty in the tsunami hazard is displayed by 5-, 16-, 50-, 84- and 95-percentile and mean hazard curves. The result of PTHA will be used for quantitative assessment of the tsunami risk for important facilities located on coastal area. Tsunami hazard curves are the reasonable input data for structures and system analysis. However the evaluation method for estimating fragility of structures and the procedure of system analysis is now being developed. (authors)

  14. Tsunami in the Arctic

    Science.gov (United States)

    Kulikov, Evgueni; Medvedev, Igor; Ivaschenko, Alexey

    2017-04-01

    The severity of the climate and sparsely populated coastal regions are the reason why the Russian part of the Arctic Ocean belongs to the least studied areas of the World Ocean. In the same time intensive economic development of the Arctic region, specifically oil and gas industry, require studies of potential thread natural disasters that can cause environmental and technical damage of the coastal and maritime infrastructure of energy industry complex (FEC). Despite the fact that the seismic activity in the Arctic can be attributed to a moderate level, we cannot exclude the occurrence of destructive tsunami waves, directly threatening the FEC. According to the IAEA requirements, in the construction of nuclear power plants it is necessary to take into account the impact of all natural disasters with frequency more than 10-5 per year. Planned accommodation in the polar regions of the Russian floating nuclear power plants certainly requires an adequate risk assessment of the tsunami hazard in the areas of their location. Develop the concept of tsunami hazard assessment would be based on the numerical simulation of different scenarios in which reproduced the hypothetical seismic sources and generated tsunamis. The analysis of available geological, geophysical and seismological data for the period of instrumental observations (1918-2015) shows that the highest earthquake potential within the Arctic region is associated with the underwater Mid-Arctic zone of ocean bottom spreading (interplate boundary between Eurasia and North American plates) as well as with some areas of continental slope within the marginal seas. For the Arctic coast of Russia and the adjacent shelf area, the greatest tsunami danger of seismotectonic origin comes from the earthquakes occurring in the underwater Gakkel Ridge zone, the north-eastern part of the Mid-Arctic zone. In this area, one may expect earthquakes of magnitude Mw ˜ 6.5-7.0 at a rate of 10-2 per year and of magnitude Mw ˜ 7.5 at a

  15. Disaster healthcare system management and crisis intervention leadership in Thailand--lessons learned from the 2004 Tsunami disaster.

    Science.gov (United States)

    Peltz, Rami; Ashkenazi, Issac; Schwartz, Dagan; Shushan, Ofer; Nakash, Guy; Leiba, Adi; Levi, Yeheskel; Goldberg, Avishay; Bar-Dayan, Yaron

    2006-01-01

    Quarantelli established criteria for evaluating the effectiveness of disaster management. The objectives of this study were to analyze the response of the healthcare system to the Tsunami disaster according to the Quarantelli principles, and to validate these principles in a scenario of a disaster due to natural hazards. The Israeli Defense Forces (IDF) Home Front Command Medical Department sent a research team to study the response of the Thai medical system to the disaster. The analysis of the disaster management was based on Quarantelli's 10 criteria for evaluating the management of community disasters. Data were collected through personal and group interviews. The three most important elements for effective disaster management were: (1) the flow of information; (2) overall coordination; and (3) leadership. Although pre-event preparedness was for different and smaller scenarios, medical teams repeatedly reported a better performance in hospitals that recently conducted drills. In order to increase effectiveness, disaster management response should focus on: (1) the flow of information; (2) overall coordination; and (3) leadership.

  16. The SPOT Project (Potentially Triggerable Offshore Seismicity and Tsunamis): a First Appraisal of the Possible Impact of Oil and Gas Platforms on the Seismic and Tsunami Risks along the Italian Coasts

    Science.gov (United States)

    Basili, R.; Di Bucci, D.; Antoncecchi, I.; Ciccone, F.; Teofilo, G.; Argnani, A.; Rovere, M.; Ligi, M.; Coltelli, M.; Lorito, S.; Borzi, B.; Germagnoli, F.; Di Ludovico, M.; Lignola, G. P.; Prota, A.

    2017-12-01

    The majority of oil and gas production in Europe takes place offshore and Italy is one of the European countries with the longest coastlines facing these operations. Given the generally growing energy demand, and the increasing concern toward human-driven hazards, scientists are called to provide background information for helping ensure a safe energy supply. We here present the activities of the project SPOT, which is aimed to help Italian authorities comply with the application of the Safety of Offshore Oil and Gas Operations European Directive (2013/30/EU) and the ensuing Italian codes. We carry out a reconstruction of offshore geological structures to assess the existence of potentially seismogenic faults in the surroundings of off-shore platforms. This study is a propaedeutic step for the assessment of potentially triggered seismicity connected with operations on such platforms. The descriptive parameters (3D geometry and behavior) of the identified faults will be used to estimate their natural earthquake rates. The impact of these natural earthquakes along the coasts will then be modeled in terms of expected ground shaking and tsunamis. The tsunamis potentially generated by submarine landslides induced by earthquake shaking will also be analyzed. In turn, these models will be used to estimate potential human and economic losses in a multi-hazard approach to risk assessment. Wherever the combined earthquake and tsunami modeling indicates a relevant impact along the coasts, a more detailed analysis will be carried out, also involving the operators of the related platforms, to perform specific models which also take into account production and/or storage data. Activities with a consolidated background, such as those concerning the impact scenarios of earthquakes, and more innovative activities, such as those dedicated to build up the first vulnerability/fragility curves related to tsunamis for the Italian building stock, will be integrated within the project

  17. CEA - 2014 risk management assessment

    International Nuclear Information System (INIS)

    Bonnevie, Edwige; Verwaerde, Daniel; Maillot, Bernard

    2015-06-01

    After introducing presentations of CEA managers in charge of risk management and controls, this document presents and comments the actions undertaken by the CEA and the obtained results in terms of risk management in different fields: protection and control of the environment, installation safety, health, safety and radiation protection, transport of hazardous materials, waste management, protection of sites, installations and heritage, management of emergency situations, management of legal risks, internal audits and controls. Other topics are addressed like the presentation of the risk management department, and the role of the CEA in the relationship between research and industry

  18. CEA: risk management assessment 2011

    International Nuclear Information System (INIS)

    Bigot, Bernard; Bonnevie, Edwige; Maillot, Bernard

    2012-01-01

    This report proposes a qualitative and quantitative overview of CEA activities in the field of risk management during 2011. These activities concerned the impact on the environment, the safety of installations, the management of professional risks (safety and health at work), the radiological protection of workers, the transports of hazardous materials, waste management, protection of sites, installations and heritage, the management of emergency situations, the management of law risks, controls and audits

  19. High tsunami risk at northern tip of Sumatra as a result of the activity of the Sumatra Fault Zone (SFZ) combined with coastal landslides

    Science.gov (United States)

    Haridhi, H. A.; Huang, B. S.; Wen, K. L.; Mirza, A.; Rizal, S.; Purnawan, S.; Fajri, I.; Klingelhoefer, F.; Liu, C. S.; Lee, C. S.; Wilson, C. R.

    2017-12-01

    The lesson learned from the 12 January 2010, Mw 7.0 Haiti earthquake has shown that an earthquake with strike-slip faulting can produce a significant tsunami. This occasion is rare since in the fact of the fault consist predominantly of lateral motion, which is rarely associated with significant uplift or tsunami generation. Yet, another hint from this event, that this earthquake was accompanied by a coastal landslide. Again, there were only few records of a submarine slides as a primary source that generate a tsunami. Hence, the Haiti Mw 7.0 earthquake was generated by these combined mechanisms, i.e. strike-slip faulting earthquake and coastal landslide. In reflecting this event, the Sumatra region exhibit almost identical situation, where the right lateral strike-slip faulting of Sumatra Fault Zone (SFZ) is located. In this study, we are focusing at the northern tip of SFZ at Aceh Province. The reason we focused our study at its northern tip is that, since the Sumatra-Andaman mega earthquake and tsunami on 26 December 2004, which occurred at the subduction zone, there were no records of significant earthquake along the SFZ, where at this location the SFZ is divided into two faults, i.e. Aceh and Seulimeum faults. This study aimed as a mitigation effort, if an earthquake happened at these faults, do we observe a similar result as that happened at Haiti or not. To do so, we access the high-resolution shallow bathymetry data that acquired through a Community-Based Bathymetric Survey (CBBS), examines five scanned Single Channel Seismic (SCS) reflections data, perform the slope stability analysis and that simulate the tsunami using Cornell Multi-grid Coupled Tsunami Model (COMCOT) model with a combined source of fault activity and submarine landslide. The result shows that, by these combined mechanisms, if the earthquake as large as 7 Mw or larger, it could produce a tsunami as high as 6 meters along the coast. The detailed shallow bathymetric and the slope stability

  20. TSUNAMI HAZARD IN NORTHERN VENEZUELA

    Directory of Open Access Journals (Sweden)

    B. Theilen-Willige

    2006-01-01

    Full Text Available Based on LANDSAT ETM and Digital Elevation Model (DEM data derived by the Shuttle Radar Topography Mission (SRTM, 2000 of the coastal areas of Northern Venezuela were investigated in order to detect traces of earlier tsunami events. Digital image processing methods used to enhance LANDSAT ETM imageries and to produce morphometric maps (such as hillshade, slope, minimum and maximum curvature maps based on the SRTM DEM data contribute to the detection of morphologic traces that might be related to catastrophic tsunami events. These maps combined with various geodata such as seismotectonic data in a GIS environment allow the delineation of coastal regions with potential tsunami risk. The LANDSAT ETM imageries merged with digitally processed and enhanced SRTM data clearly indicate areas that might be prone by flooding in case of catastrophic tsunami events.

  1. Risk Management in Cocurricular Activities.

    Science.gov (United States)

    Webb, Edward M.

    1988-01-01

    Discusses risk management for colleges' cocurricular activities. Discusses tort liability, contributory negligence, and assumption of risk. Provides six concrete steps for managing risks responsibly and professionally: adopting an educational mission statement, assigning risk to others, establishing safety standards, training club advisors,…

  2. Managing Corruption Risks

    DEFF Research Database (Denmark)

    Krause Hansen, Hans

    2011-01-01

    This article investigates the emerging engagement of private actors and specifically Western corporations in international anti-corruption, drawing on Foucauldian studies of governmentality. It explores this engagement as governing practices that have emanated quite independently from the inter......-state system commonly understood to be at the core of the anti-corruption regime. It demonstrates how corporate anti-corruption ties in with a relatively new way of perceiving corruption. In this framing, anti-corruption comes out as risk management, which is latched on to notions of corporate social...... responsibility and business ethics. Moreover, the constitution of corruption risk relates to the rise of new actors and networks engaged in a wider business of anti-corruption, including commercial and hybrid actors that supply corporations with managerial instruments, benchmarks for best practice, rankings...

  3. The effect analysis of 1741 Oshima-Oshima tsunami in the West Coast of Japan to Korea

    Energy Technology Data Exchange (ETDEWEB)

    Kim, Minkyu; Rhee, Hyunme; Choi, Inkil [Korea Atomic Energy Research institute, Daejeon (Korea, Republic of)

    2013-05-15

    It is very difficult to determine and assessment for tsunami hazard. For determining a tsunami risk for NPP site, a development of tsunami hazard is one of the most important. Through the tsunami hazard analysis, a tsunami return period can be determined. For the performing a tsunami hazard analysis, empirical method and numerical method should be needed. Kim et al, already developed tsunami hazard for east coast of Korea for the calculation of tsunami risk of nuclear power plant. In the case of tsunami hazard analysis, a development of tsunami catalog should be performed. In the previous research of Kim et al, the maximum wave height was assumed by the author's decision based on historical record in the annals of Chosun dynasty for evaluating the tsunami catalog. Therefore, in this study, a literature survey was performed for a quantitative measure of historical tsunami record transform to qualitative tsunami wave height for the evaluation of tsunami catalog. In this study, the 1741 tsunami was determined by using a literature review for the evaluation of tsunami hazard. The 1741 tsunami reveals a same tsunami between the historical records in Korea and Japan. The tsunami source of 1741 tsunami was not an earthquake and volcanic. Using the numerical analysis, the wave height of 1741 tsunami can be determined qualitatively.

  4. The effect analysis of 1741 Oshima-Oshima tsunami in the West Coast of Japan to Korea

    International Nuclear Information System (INIS)

    Kim, Minkyu; Rhee, Hyunme; Choi, Inkil

    2013-01-01

    It is very difficult to determine and assessment for tsunami hazard. For determining a tsunami risk for NPP site, a development of tsunami hazard is one of the most important. Through the tsunami hazard analysis, a tsunami return period can be determined. For the performing a tsunami hazard analysis, empirical method and numerical method should be needed. Kim et al, already developed tsunami hazard for east coast of Korea for the calculation of tsunami risk of nuclear power plant. In the case of tsunami hazard analysis, a development of tsunami catalog should be performed. In the previous research of Kim et al, the maximum wave height was assumed by the author's decision based on historical record in the annals of Chosun dynasty for evaluating the tsunami catalog. Therefore, in this study, a literature survey was performed for a quantitative measure of historical tsunami record transform to qualitative tsunami wave height for the evaluation of tsunami catalog. In this study, the 1741 tsunami was determined by using a literature review for the evaluation of tsunami hazard. The 1741 tsunami reveals a same tsunami between the historical records in Korea and Japan. The tsunami source of 1741 tsunami was not an earthquake and volcanic. Using the numerical analysis, the wave height of 1741 tsunami can be determined qualitatively

  5. INTERNAL AUDIT AND RISK MANAGEMENT

    OpenAIRE

    Elena RUSE; Georgiana SUSMANSCHI (BADEA); Daniel DĂNECI-PĂTRĂU

    2014-01-01

    The existence of risk in economic activity can not be denied. In fact, the risk is a concept which exists in every activity, the term of risk being identified with uncertainty, respectively the (un)chance to produce an undesirable event. Internal audit and risk management aim at the same goal, namely the control of risks. Internal Audit performs several roles in risk management plan. The objectives of the internal audit function varies from company to company, but in all economic entities int...

  6. Managing Climate Change Risks

    Energy Technology Data Exchange (ETDEWEB)

    Jones, R. [CSIRO Atmospheric Research, PMB1 Aspendale, Victoria 3195 (Australia)

    2003-07-01

    Issues of uncertainty, scale and delay between action and response mean that 'dangerous' climate change is best managed within a risk assessment framework that evolves as new information is gathered. Risk can be broadly defined as the combination of likelihood and consequence; the latter measured as vulnerability to greenhouse-induced climate change. The most robust way to assess climate change damages in a probabilistic framework is as the likelihood of critical threshold exceedance. Because vulnerability is dominated by local factors, global vulnerability is the aggregation of many local impacts being forced beyond their coping ranges. Several case studies, generic sea level rise and temperature, coral bleaching on the Great Barrier Reef and water supply in an Australian catchment, are used to show how local risk assessments can be assessed then expressed as a function of global warming. Impacts treated thus can be aggregated to assess global risks consistent with Article 2 of the UNFCCC. A 'proof of concept' example is then used to show how the stabilisation of greenhouse gases can constrain the likelihood of exceeding critical thresholds at both the both local and global scale. This analysis suggests that even if the costs of reducing greenhouse gas emissions and the benefits of avoiding climate damages can be estimated, the likelihood of being able to meet a cost-benefit target is limited by both physical and socio-economic uncertainties. In terms of managing climate change risks, adaptation will be most effective at reducing vulnerability likely to occur at low levels of warming. Successive efforts to mitigate greenhouse gases will reduce the likelihood of reaching levels of global warming from the top down, with the highest potential temperatures being avoided first, irrespective of contributing scientific uncertainties. This implies that the first cuts in emissions will always produce the largest economic benefits in terms of avoided

  7. Communicating Risk to Program Managers

    Science.gov (United States)

    Shivers, C. Herbert

    2005-01-01

    Program Managers (PM) can protect program resources and improve chances of success by anticipating, understanding and managing risks. Understanding the range of potential risks helps one to avoid or manage the risks. A PM must choose which risks to accept to reduce fire fighting, must meet the expectations of stakeholders consistently, and avoid falling into costly "black holes" that may open. A good risk management process provides the PM more confidence to seize opportunities save money, meet schedule, even improve relationships with people important to the program. Evidence of managing risk and sound internal controls can mean better support from superiors for the program by building a trust and reputation from being on top of issues. Risk managers have an obligation to provide the PM with the best information possible to allow the benefits to be realized (Small Business Consortium, 2004). The Institute for Chartered Accountants in England and Wales sees very important benefits for companies in providing better information about what they do to assess and manage key business risks. Such information will: a) provide practical forward-looking information; b) reduce the cost of capital; c) encourage better risk management; and d) improve accountability for stewardship, investor protection and the usefulness of financial reporting. We are particularly convinced that enhanced risk reporting will help listed companies obtain capital at the lowest possible cost (The Institute of Chartered Accountants in England &Wales, June 2002). Risk managers can take a significant role in quantifying the success of their department and communicating those figures to executive (program) management levels while pushing for a broader risk management role. Overall, risk managers must show that risk management work matters in the most crucial place-the bottom line- as they prove risk management can be a profit center (Sullivan, 2004).

  8. Tsunami vulnerability assessment in the western coastal belt in Sri Lanka

    Science.gov (United States)

    Ranagalage, M. M.

    2017-12-01

    26th December 2004 tsunami disaster has caused massive loss of life, damage to coastal infrastructures and disruption to economic activities in the coastal belt of Sri Lanka. Tsunami vulnerability assessment is a requirement for disaster risk and vulnerability reduction. It plays a major role in identifying the extent and level of vulnerabilities to disasters within the communities. There is a need for a clearer understanding of the disaster risk patterns and factors contributing to it in different parts of the coastal belt. The main objective of this study is to investigate tsunami vulnerability assessment of Moratuwa Municipal council area in Sri Lanka. We have selected Moratuwa area due to considering urbanization pattern and Tsunami hazards of the country. Different data sets such as one-meter resolution LiDAR data, orthophoto, population, housing data and road layer were employed in this study. We employed tsunami vulnerability model for 1796 housing units located there, for a tsunami scenario with a maximum run-up 8 meters. 86% of the total land area affected by the tsunami in 8 meters scenarios. Additionally, building population has been used to estimate population in different vulnerability levels. The result shows that 32% of the buildings have extremely critical vulnerability level, 46% have critical vulnerability level, 22% have high vulnerability level, and 1% have a moderate vulnerability. According to the population estimation model results, 18% reside building with extremely critical vulnerability, 43% with critical vulnerability, 36% with high vulnerability and 3% belong to moderate vulnerability level. The results of the study provide a clear picture of tsunami vulnerability. Outcomes of this analysis can use as a valuable tool for urban planners to assess the risk and extent of disaster risk reduction which could be achieved via suitable mitigation measures to manage the coastal belt in Sri Lanka.

  9. Correlation of Fault Size, Moment Magnitude, and Tsunami Height to Proved Paleo-tsunami Data in Sulawesi Indonesia

    Science.gov (United States)

    Julius, A. M.; Pribadi, S.

    2016-02-01

    Sulawesi (Indonesia) island is located in the meeting of three large plates i.e. Indo-Australia, Pacific, and Eurasia. This configuration surely make high risk on tsunami by earthquake and by sea floor landslide. NOAA and Russia Tsunami Laboratory show more than 20 tsunami data recorded in Sulawesi since 1820. Based on this data, determine of correlation between all tsunami parameter need to be done to proved all event in the past. Complete data of magnitudes, fault sizes and tsunami heights in this study sourced from NOAA and Russia Tsunami database and completed with Pacific Tsunami Warning Center (PTWC) catalog. This study aims to find correlation between fault area, moment magnitude, and tsunami height by simple regression in Sulawesi. The step of this research are data collect, processing, and regression analysis. Result shows very good correlation, each moment magnitude, tsunami heights, and fault parameter i.e. long, wide, and slip are correlate linier. In increasing of fault area, the tsunami height and moment magnitude value also increase. In increasing of moment magnitude, tsunami height also increase. This analysis is enough to proved all Sulawesi tsunami parameter catalog in NOAA, Russia Tsunami Laboratory and PTWC are correct. Keyword: tsunami, magnitude, height, fault

  10. Managing information technology security risk

    Science.gov (United States)

    Gilliam, David

    2003-01-01

    Information Technology (IT) Security Risk Management is a critical task for the organization to protect against the loss of confidentiality, integrity and availability of IT resources. As systems bgecome more complex and diverse and and attacks from intrusions and malicious content increase, it is becoming increasingly difficult to manage IT security risk. This paper describes a two-pronged approach in addressing IT security risk and risk management in the organization: 1) an institutional enterprise appraoch, and 2) a project life cycle approach.

  11. Credit derivatives and risk management

    OpenAIRE

    Michael S. Gibson

    2007-01-01

    The striking growth of credit derivatives suggests that market participants find them to be useful tools for risk management. I illustrate the value of credit derivatives with three examples. A commercial bank can use credit derivatives to manage the risk of its loan portfolio. An investment bank can use credit derivatives to manage the risks it incurs when underwriting securities. An investor, such as an insurance company, asset manager, or hedge fund, can use credit derivatives to align its...

  12. The Key to Risk Management: Management

    OpenAIRE

    Adrian E. Tschoegl

    2000-01-01

    The Barings, Daiwa Bank and Sumitomo Corp. financial debacles in the mid-1990s suggest that management failures rather than misfortune, errors, or complexity are a major source of the risk of financial debacles. These errors are systematic and are a concommittant of the structure of trading and of human nature. Risk management systems must take these facts into account.

  13. Risk Management in Insurance Companies

    OpenAIRE

    Yang, Xufeng

    2006-01-01

    Insurance is the uncertain business in uncertain society. Today, insures face more complex and difficult risks. Efficient risk management mechanisms are essential for the insurers. The paper is set out initially to explore UK insurance companies risk management and risk disclosure by examining companies annual report after all the listed insurance companies are required to disclose risk information in their annual report, which seeks to reflect the recent development in UK insurance companies...

  14. Information systems for risk management

    OpenAIRE

    Michael S. Gibson

    1997-01-01

    Risk management information systems are designed to overcome the problem of aggregating data across diverse trading units. The design of an information system depends on the risk measurement methodology that a firm chooses. Inherent in the design of both a risk management information system and a risk measurement methodology is a tradeoff between the accuracy of the resulting measures of risk and the burden of computing them. Technical progress will make this tradeoff more favorable over time...

  15. National Geophysical Data Center Tsunami Data Archive

    Science.gov (United States)

    Stroker, K. J.; Dunbar, P. K.; Brocko, R.

    2008-12-01

    NOAA's National Geophysical Data Center (NGDC) and co-located World Data Center for Geophysics and Marine Geology long-term tsunami data archive provides data and derived products essential for tsunami hazard assessment, forecast and warning, inundation modeling, preparedness, mitigation, education, and research. As a result of NOAA's efforts to strengthen its tsunami activities, the long-term tsunami data archive has grown from less than 5 gigabyte in 2004 to more than 2 terabytes in 2008. The types of data archived for tsunami research and operation activities have also expanded in fulfillment of the P.L. 109-424. The archive now consists of: global historical tsunami, significant earthquake and significant volcanic eruptions database; global tsunami deposits and proxies database; reference database; damage photos; coastal water-level data (i.e. digital tide gauge data and marigrams on microfiche); bottom pressure recorder (BPR) data as collected by Deep-ocean Assessment and Reporting of Tsunamis (DART) buoys. The tsunami data archive comes from a wide variety of data providers and sources. These include the NOAA Tsunami Warning Centers, NOAA National Data Buoy Center, NOAA National Ocean Service, IOC/NOAA International Tsunami Information Center, NOAA Pacific Marine Environmental Laboratory, U.S. Geological Survey, tsunami catalogs, reconnaissance reports, journal articles, newspaper articles, internet web pages, and email. NGDC has been active in the management of some of these data for more than 50 years while other data management efforts are more recent. These data are openly available, either directly on-line or by contacting NGDC. All of the NGDC tsunami and related databases are stored in a relational database management system. These data are accessible over the Web as tables, reports, and interactive maps. The maps provide integrated web-based GIS access to individual GIS layers including tsunami sources, tsunami effects, significant earthquakes

  16. Framework for systematic risk management

    International Nuclear Information System (INIS)

    Knief, R.A.; Mahn, J.A.; Briant, V.S.; Lee, R.B.; Long, R.L.

    1991-01-01

    The first paper of the Symposium described GPU Nuclear's Risk Management Group (RMG) and the use of literature search and interviews in a extensive study of risk management. One of the most important goals of the study was to identify comprehensive approaches to managing risk in the nuclear and major high-technology industries. This paper discusses RMG's multi-step generic risk-management process consisting of the following steps to: identify hazards; screen hazards and identify preventive actions, including costs; evaluate hazards for severity, probable frequency, and cost of preventive actions; prioritize preventive actions (preference to high risk and low cost); implement preventive actions; monitor and provide feedback

  17. Trends in risk management in nuclear industry

    International Nuclear Information System (INIS)

    Kim, Inn Seock

    1996-01-01

    Safety management may be classified into three dimensions: risk management, accident management, and emergency management. This paper addresses the recent trends of safety management in nuclear industry, focussing on risk management and accident management

  18. Risk assessment and risk management in managed aquifer recharge

    CSIR Research Space (South Africa)

    Page, D

    2012-06-01

    Full Text Available This chapter presents the methodologies used for risk assessment and risk management in MAR in Australia and the European Union, qualitative and quantitative approaches adopted within the RECLAIM Water project and case studies where the outcomes...

  19. Understanding and managing risk attitude

    National Research Council Canada - National Science Library

    Hillson, David; Murray-Webster, Ruth

    2007-01-01

    ... This book highlights how risk attitude factors influence the human psyche, and carefully explains the impacts. Organisations seeking to dramatically improve the effectiveness of their risk management process will want to use this book's insights. Craig Peterson, President, PMI Risk Management SIG This book has prompted me to think more deeply as a change d...

  20. Methods of Financial Risk Management

    Directory of Open Access Journals (Sweden)

    Korzh Natalia

    2016-10-01

    Full Text Available The essence and nature of financial risks are investigated. Their classification is conducted. The features of financial risk management and the main methods of management are considered. The ways of risk compensation are identified. It is proved that the objective external risk basis is such market imperfections as externalities of enterprises and incomplete information about the operation of the business environment and internal objective basis risk – the objective function to maximise profits in a competitive environment. It is revealed that to compensate market imperfections business entities should develop a strategy that combines fill in missing information and neutralise or minimise externalities that tactically implemented in financial risk management programs.

  1. International Charter "Space and Major Disasters": Typical Examples of Disaster Management Including Asian Tsunami

    Science.gov (United States)

    Cubero-Castan, Eliane; Bequignon, Jerome; Mahmood, Ahmed; Lauritson, Levin; Soma, P.; Platzeck, Gabriel; Chu, Ishida

    2005-03-01

    The International Charter 'Space and Major Disaster', now entering its 5th year of operation, has been activated nearly 80 times to provide space-based data and information in response to natural disasters. The disasters ranged from volcanic eruption in Columbia, floods in Europe, Argentina, Sudan to earthquakes in Iran, from landslides in Philippines to the tragic tsunami in Asia, all resulting in major loss of life and property. The Charter provided imagery and the related information were found to be useful in disaster relief and assessment. Since July 1st 2003, a framework cooperation agreement has been allowing United Nations organizations involved in disaster response to request activation of the Charter.The purpose of the Charter is to provide assistance in situations of emergencies caused by natural and technological disasters by pooling together the space and associated ground resources of the Charter participants, which are currently the European (ESA), French (CNES), Canadian (CSA), Indian (ISRO), American (NOAA), Argentinean (CONAE) and Japanese (JAXA) space organizations.This paper will point out some of the best cases of Charter activation for different disasters leading to change detection imagery and damage assessment products which could be used for disaster reduction in close co-ordination with the end users after the crisis period.

  2. IMPLEMENTING A RISK MANAGEMENT STANDARD

    Directory of Open Access Journals (Sweden)

    Constantin PREDA

    2013-01-01

    Full Text Available After risk management “conquered” more and more project managers’ minds and showed its benefits for business and programs, the need to have a global risk management standard has become a crucial issue in the world of risk management. But having a global risk management standard has been a big challenge, starting from the decision of developing the standard (March-June 2005, to the moment of publishing it, November 2009. So, developing the ISO 31000:2009 standard has been more or less like a bumpy ride. Apparently, the people involved in developing the global risk management standard understood from the very beginning that no challenges are too big, nor any tasks too small and that the task of having a new, comprehensive global risk management standard should be completed with excellence: defining the principles and the framework guiding the risk management process applicable for all type of organizations and for a wide range of activities. Coming up with a global standard should always be based on the real organizations’ needs and should fulfill real risk management requirements. The article is trying to present the pros and cons of risk management standard implementation, challenging the implementation process itself and the added value of implementing the standard due to the lack of implementation enablers, like risk culture, a real problem especially in an international environment.

  3. Economic losses to buildings due to tsunami impact: the case of Rhodes city, Greece

    Science.gov (United States)

    Triantafyllou, Ioanna; Novikova, Tatyana; Papadopoulos, Gerassimos

    2017-04-01

    The expected economic losses to buildings due to the tsunami impact is of particular importance for the tsunami risk management. However, only few efforts can be found in this direction. In this study we approached this issue selecting the city of Rhodes Isl., Greece, as a test-site. The methodological steps followed include (a) selection of worst case scenario in the study area based on the tsunami history of the area which includes several powerful events, e.g. 142 AD, 1303, 1481, 1609, 1741, (b) numerical simulation of the tsunami and determination of the inundation zone, (c) application of the DAMASCHE empirical tool, produced by the SCHEMA EU-FP6 project, for the calculation of the damage level expected at each one of the buildings as a function of the water depth in the inundation area, (d) calculation of the buildings that would need reparation after partial damage and of those that would need reconstruction after total destruction, (e) calculation of the cost implied for both reparation and reconstruction. The several data sets which are needed for the execution of these steps, are susceptible to uncertainties and, therefore, the final results are quite sensitive to changes of the data sets. Alternative costs were calculated by taking into account the several uncertainties involved. This research is a contribution to the EU-FP7 tsunami research project ASTARTE (Assessment, Strategy And Risk Reduction for Tsunamis in Europe), grant agreement no: 603839, 2013-10-30.

  4. RISK MANAGEMENT: AN INTEGRATED APPROACH TO RISK MANAGEMENT AND ASSESSMENT

    Directory of Open Access Journals (Sweden)

    Szabo Alina

    2012-12-01

    Full Text Available Purpose: The objective of this paper is to offer an overview over risk management cycle by focusing on prioritization and treatment, in order to ensure an integrated approach to risk management and assessment, and establish the ‘top 8-12’ risks report within the organization. The interface with Internal Audit is ensured by the implementation of the scoring method to prioritize risks collected from previous generated risk report. Methodology/approach: Using evidence from other research in the area and the professional expertise, this article outlines an integrated approach to risk assessment and risk management reporting processes, by separating the risk in two main categories: strategic and operational risks. The focus is on risk prioritization and scoring; the final output will comprise a mix of strategic and operational (‘top 8-12’ risks, which should be used to establish the annual Internal Audit plan. Originality/value: By using an integrated approach to risk assessment and risk management will eliminate the need for a separate Internal Audit risk assessment over prevailing risks. It will reduce the level of risk assessment overlap by different functions (Tax, Treasury, Information System over the same risk categories as a single methodology, is used and will align timings of risk assessment exercises. The risk prioritization by usage of risk and control scoring criteria highlights the combination between financial and non-financial impact criteria allowing risks that do not naturally lend themselves to a financial amount to be also assessed consistently. It is emphasized the usage of score method to prioritize the risks included in the annual audit plan in order to increase accuracy and timelines.

  5. Innovations in Quantitative Risk Management

    CERN Document Server

    Scherer, Matthias; Zagst, Rudi

    2015-01-01

    Quantitative models are omnipresent –but often controversially discussed– in todays risk management practice. New regulations, innovative financial products, and advances in valuation techniques provide a continuous flow of challenging problems for financial engineers and risk managers alike. Designing a sound stochastic model requires finding a careful balance between parsimonious model assumptions, mathematical viability, and interpretability of the output. Moreover, data requirements and the end-user training are to be considered as well. The KPMG Center of Excellence in Risk Management conference Risk Management Reloaded and this proceedings volume contribute to bridging the gap between academia –providing methodological advances– and practice –having a firm understanding of the economic conditions in which a given model is used. Discussed fields of application range from asset management, credit risk, and energy to risk management issues in insurance. Methodologically, dependence modeling...

  6. What Causes Tsunamis?

    Science.gov (United States)

    Mogil, H. Michael

    2005-01-01

    On December 26, 2004, a disastrous tsunami struck many parts of South Asia. The scope of this disaster has resulted in an outpouring of aid throughout the world and brought attention to the science of tsunamis. "Tsunami" means "harbor wave" in Japanese, and the Japanese have a long history of tsunamis. The word…

  7. RISK MANAGEMENT IN CUSTOMS CONTROL

    Directory of Open Access Journals (Sweden)

    Elena Valerievna Drobot

    2017-06-01

    Full Text Available Customs administrations operating in the modern global economy are faced with a complex range of challenges. The prime responsibilities remain the collection of revenues and the protection of the society, but these demanding tasks must be performed effectively and efficiently, whilst at the same time facilitating the flow of legitimate goods. Risk management is a logical and systematic method of identifying, analyzing and managing risks. Risk management can be associated with any activity, function or process within the organization and will enable the organization to take advantage of opportunities and minimize potential losses. Minimization of the human factor in customs control through the implementation of non-intrusive inspection equipment can be very useful. The particularities of risk-management system (RMS implementation within customs control are discussed in the article. The authors single out the elements of the risk-management system, evaluate the effectiveness of risk-management in customs control. The main reasons for non-implementation of the risk-management system in customs control are described as well. The particular attention is paid to the benefits of customs risk management. The authors’ hypothesis is that risk management in customs control must find a balance between costs and benefits to address all risks equally. Criteria are needed to decide what constitutes an acceptable or unacceptable risk. Thus, system analysis and risk management system are the effective mechanisms for acceleration of customs clearance and improve the quality of customs control. As a conclusion, the authors give recommendations for the improvement of the effectiveness of risk management system in customs control.

  8. Risk management and corporate value

    Directory of Open Access Journals (Sweden)

    Milan Cupic

    2015-12-01

    Full Text Available The paper presents a theoretical framework for assessing the impact of risk management on corporate value. As the relevant factors that determine this impact, the paper analyzes market imperfections and investors’ risk aversion. The results of the present research indicate that risk management contributes to an increase in corporate value if, under the influence of market imperfections, corporate risk exposure is concave. As an expression of market imperfections, the paper analyzes the costs of financial distress, agency costs, and taxation. The results of the research also indicate that the risk management policy should not aim to minimize, but rather optimize risk exposure, by taking into account the costs of risk management, investors’ risk aversion and the competitive advantage a corporation has on the relevant market.

  9. Risk management of precious metals

    NARCIS (Netherlands)

    S.M. Hammoudeh (Shawkat); F. Malik (Farooq); M.J. McAleer (Michael)

    2010-01-01

    textabstractThis paper examines volatility and correlation dynamics in price returns of gold, silver, platinum and palladium, and explores the corresponding risk management implications for market risk and hedging. Value-at-Risk (VaR) is used to analyze the downside market risk associated with

  10. Risk Management in Logystics Chains

    OpenAIRE

    Butrin, Andrey; Vikulov, Vladimir

    2013-01-01

    Article is devoted to risk management of supply chain. The authors considered indicators of supply chain risks, including risks caused by supplier. Authors formed a method of optimizing the level of supply chain risk in the integration with suppliers and customers.

  11. Improving Information Security Risk Management

    Science.gov (United States)

    Singh, Anand

    2009-01-01

    manaOptimizing risk to information to protect the enterprise as well as to satisfy government and industry mandates is a core function of most information security departments. Risk management is the discipline that is focused on assessing, mitigating, monitoring and optimizing risks to information. Risk assessments and analyses are critical…

  12. RISKS MANAGEMENT: NEW LITERATURE REVIEW

    OpenAIRE

    Ennouri Wissem

    2013-01-01

    The complexity of the industrial activities and the important mass of flows crossing the supply chain promotes the emergence of risks that must be considered in the decision process. For this reason, we have developed this paper to clarify the basics of risk management through a short new suggestion of literature review for risk management. Our justification of this attempt is that this area is the most discussed in our days and it is impossible to present all definition of the risk concept, ...

  13. Integrated supply chain risk management

    OpenAIRE

    Riaan Bredell; Jackie Walters

    2007-01-01

    Integrated supply chain risk management (ISCRM) has become indispensable to the theory and practice of supply chain management. The economic and political realities of the modern world require not only a different approach to supply chain management, but also bold steps to secure supply chain performance and sustainable wealth creation. Integrated supply chain risk management provides supply chain organisations with a level of insight into their supply chains yet to be achieved. If correctly ...

  14. A method to estimate expected fatalities and economic loss of buildings in an urban environment as a step toward tsunami risk assessment: an application to the city of Siracusa, Italy.

    Science.gov (United States)

    Pagnoni, Gianluca; Accorsi, Eleonora; Tinti, Stefano

    2016-04-01

    Siracusa, an important city of the south-east Sicily, is located in an area highly exposed to the danger of tsunami, local and remote. Among the many events that affected this area those with a major effect are the AD 365 tsunami generated by an earthquake in the Western Hellenic Arc, the event of 11 January 1693, following an earthquake in the area of Augusta, and the tsunami of 28 December 1908 generated in the Messina strait. The aim of this study is to evaluate the number of exposed people and of fatalities as well as the type of damage to constructions and the associated loss of economic value in case of a tsunami, based on a simple tsunami scenario, i.e. on assuming a uniform inundation level of 5 m. This figure is considered appropriate for this preliminary tsunami loss analysis since it is compatible with historical tsunami observations and is also supported by recent tsunami hazard studies carried out for this area (Armigliato et al., 2015). The main physical tsunami parameter used in computations is the water column, which is merely the difference between the assumed inundation level and the topographic altitude. We use numerical geo-referenced 1:2000 maps providing a database of constructions in the area of Siracusa together with data from national and local statistical institutions to make estimates on the number and type of buildings and on the number of people that may be found in the inundation area in different periods of the year, discriminating between residents and tourists. Using a variant of the Terrier et al. (2012) table and tsunami mortality curves proposed by Koshimura et al. (2009) we are able to estimate expected fatalities with tsunami inundation reaching at most the first floor of buildings. We calculate economic loss by taking into account both residential buildings and commercial-industrial structures and data from the real estate market. This study is funded by the EU Project ASTARTE - "Assessment, STrategy And Risk Reduction for

  15. Managing the risks of risk management on large fires

    Science.gov (United States)

    Donald G. MacGregor; Armando González-Cabán

    2013-01-01

    Large fires pose risks to a number of important values, including the ecology, property and the lives of incident responders. A relatively unstudied aspect of fire management is the risks to which incident managers are exposed due to organizational and sociopolitical factors that put them in a position of, for example, potential liability or degradation of their image...

  16. Impact of earthquake-induced tsunamis on public health

    Science.gov (United States)

    Mavroulis, Spyridon; Mavrouli, Maria; Lekkas, Efthymios; Tsakris, Athanassios

    2017-04-01

    Tsunamis are caused by rapid sea floor displacement during earthquakes, landslides and large explosive eruptions in marine environment setting. Massive amounts of sea water in the form of devastating surface waves travelling hundreds of kilometers per hour have the potential to cause extensive damage to coastal infrastructures, considerable loss of life and injury and emergence of infectious diseases (ID). This study involved an extensive and systematic literature review of 50 research publications related to public health impact of the three most devastating tsunamis of the last 12 years induced by great earthquakes, namely the 2004 Sumatra-Andaman earthquake (moment magnitude Mw 9.2), the 2009 Samoa earthquake (Mw 8.1) and the 2011 Tōhoku (Japan) earthquake (Mw 9.0) in the Indian, Western Pacific and South Pacific Oceans respectively. The inclusion criteria were literature type comprising journal articles and official reports, natural disaster type including tsunamis induced only by earthquakes, population type including humans, and outcome measure characterized by disease incidence increase. The potential post-tsunami ID are classified into 11 groups including respiratory, pulmonary, wound-related, water-borne, skin, vector-borne, eye, fecal-oral, food-borne, fungal and mite-borne ID. Respiratory infections were detected after all the above mentioned tsunamis. Wound-related, skin and water-borne ID were observed after the 2004 and 2011 tsunamis, while vector-borne, fecal-oral and eye ID were observed only after the 2004 tsunami and pulmonary, food-borne and mite-borne ID were diagnosed only after the 2011 tsunami. Based on available age and genre data, it is concluded that the most vulnerable population groups are males, children (age ≤ 15 years) and adults (age ≥ 65 years). Tetanus and pneumonia are the deadliest post-tsunami ID. The detected risk factors include (1) lowest socioeconomic conditions, poorly constructed buildings and lack of prevention

  17. The Uncertainties of Risk Management

    DEFF Research Database (Denmark)

    Vinnari, Eija; Skærbæk, Peter

    2014-01-01

    for expanding risk management. More generally, such uncertainties relate to the professional identities and responsibilities of operational managers as defined by the framing devices. Originality/value – The paper offers three contributions to the extant literature: first, it shows how risk management itself......Purpose – The purpose of this paper is to analyse the implementation of risk management as a tool for internal audit activities, focusing on unexpected effects or uncertainties generated during its application. Design/methodology/approach – Public and confidential documents as well as semi......-structured interviews are analysed through the lens of actor-network theory to identify the effects of risk management devices in a Finnish municipality. Findings – The authors found that risk management, rather than reducing uncertainty, itself created unexpected uncertainties that would otherwise not have emerged...

  18. Continuous Risk Management at NASA

    Science.gov (United States)

    Hammer, Theodore F.; Rosenberg, Linda

    1999-01-01

    NPG 7120.5A, "NASA Program and Project Management Processes and Requirements" enacted in April, 1998, requires that "The program or project manager shall apply risk management principles..." The Software Assurance Technology Center (SATC) at NASA GSFC has been tasked with the responsibility for developing and teaching a systems level course for risk management that provides information on how to comply with this edict. The course was developed in conjunction with the Software Engineering Institute at Carnegie Mellon University, then tailored to the NASA systems community. This presentation will briefly discuss the six functions for risk management: (1) Identify the risks in a specific format; (2) Analyze the risk probability, impact/severity, and timeframe; (3) Plan the approach; (4) Track the risk through data compilation and analysis; (5) Control and monitor the risk; (6) Communicate and document the process and decisions. This risk management structure of functions has been taught to projects at all NASA Centers and is being successfully implemented on many projects. This presentation will give project managers the information they need to understand if risk management is to be effectively implemented on their projects at a cost they can afford.

  19. DEFENSE PROGRAMS RISK MANAGEMENT FRAMEWORK

    Directory of Open Access Journals (Sweden)

    Constantin PREDA

    2012-01-01

    Full Text Available For the past years defense programs have faced delays in delivering defense capabilities and budget overruns. Stakeholders are looking for ways to improve program management and the decision making process given the very fluid and uncertain economic and political environment. Consequently, they have increasingly resorted to risk management as the main management tool for achieving defense programs objectives and for delivering the defense capabilities strongly needed for the soldiers on the ground on time and within limited defense budgets. Following a risk management based decision-making approach the stakeholders are expected not only to protect program objectives against a wide range of risks but, at the same time, to take advantage of the opportunities to increase the likelihood of program success. The prerequisite for making risk management the main tool for achieving defense programs objectives is the design and implementation of a strong risk management framework as a foundation providing an efficient and effective application of the best risk management practices. The aim of this paper is to examine the risk management framework for defense programs based on the ISO 31000:2009 standard, best risk management practices and the defense programs’ needs and particularities. For the purposes of this article, the term of defense programs refers to joint defense programs.

  20. The SAFRR Tsunami Scenario

    Science.gov (United States)

    Porter, K.; Jones, Lucile M.; Ross, Stephanie L.; Borrero, J.; Bwarie, J.; Dykstra, D.; Geist, Eric L.; Johnson, L.; Kirby, Stephen H.; Long, K.; Lynett, P.; Miller, K.; Mortensen, Carl E.; Perry, S.; Plumlee, G.; Real, C.; Ritchie, L.; Scawthorn, C.; Thio, H.K.; Wein, Anne; Whitmore, P.; Wilson, R.; Wood, Nathan J.; Ostbo, Bruce I.; Oates, Don

    2013-01-01

    The U.S. Geological Survey and several partners operate a program called Science Application for Risk Reduction (SAFRR) that produces (among other things) emergency planning scenarios for natural disasters. The scenarios show how science can be used to enhance community resiliency. The SAFRR Tsunami Scenario describes potential impacts of a hypothetical, but realistic, tsunami affecting California (as well as the west coast of the United States, Alaska, and Hawaii) for the purpose of informing planning and mitigation decisions by a variety of stakeholders. The scenario begins with an Mw 9.1 earthquake off the Alaska Peninsula. With Pacific basin-wide modeling, we estimate up to 5m waves and 10 m/sec currents would strike California 5 hours later. In marinas and harbors, 13,000 small boats are damaged or sunk (1 in 3) at a cost of $350 million, causing navigation and environmental problems. Damage in the Ports of Los Angeles and Long Beach amount to $110 million, half of it water damage to vehicles and containerized cargo. Flooding of coastal communities affects 1800 city blocks, resulting in $640 million in damage. The tsunami damages 12 bridge abutments and 16 lane-miles of coastal roadway, costing $85 million to repair. Fire and business interruption losses will substantially add to direct losses. Flooding affects 170,000 residents and workers. A wide range of environmental impacts could occur. An extensive public education and outreach program is underway, as well as an evaluation of the overall effort.

  1. RISK MANAGEMENT: AN INTEGRATED APPROACH TO RISK MANAGEMENT AND ASSESSMENT

    OpenAIRE

    Szabo Alina

    2012-01-01

    Purpose: The objective of this paper is to offer an overview over risk management cycle by focusing on prioritization and treatment, in order to ensure an integrated approach to risk management and assessment, and establish the ‘top 8-12’ risks report within the organization. The interface with Internal Audit is ensured by the implementation of the scoring method to prioritize risks collected from previous generated risk report. Methodology/approach: Using evidence from other research in ...

  2. NGNP Risk Management Database: A Model for Managing Risk

    International Nuclear Information System (INIS)

    Collins, John

    2009-01-01

    To facilitate the implementation of the Risk Management Plan, the Next Generation Nuclear Plant (NGNP) Project has developed and employed an analytical software tool called the NGNP Risk Management System (RMS). A relational database developed in Microsoft(reg s ign) Access, the RMS provides conventional database utility including data maintenance, archiving, configuration control, and query ability. Additionally, the tool's design provides a number of unique capabilities specifically designed to facilitate the development and execution of activities outlined in the Risk Management Plan. Specifically, the RMS provides the capability to establish the risk baseline, document and analyze the risk reduction plan, track the current risk reduction status, organize risks by reference configuration system, subsystem, and component (SSC) and Area, and increase the level of NGNP decision making.

  3. NGNP Risk Management Database: A Model for Managing Risk

    Energy Technology Data Exchange (ETDEWEB)

    John Collins

    2009-09-01

    To facilitate the implementation of the Risk Management Plan, the Next Generation Nuclear Plant (NGNP) Project has developed and employed an analytical software tool called the NGNP Risk Management System (RMS). A relational database developed in Microsoft® Access, the RMS provides conventional database utility including data maintenance, archiving, configuration control, and query ability. Additionally, the tool’s design provides a number of unique capabilities specifically designed to facilitate the development and execution of activities outlined in the Risk Management Plan. Specifically, the RMS provides the capability to establish the risk baseline, document and analyze the risk reduction plan, track the current risk reduction status, organize risks by reference configuration system, subsystem, and component (SSC) and Area, and increase the level of NGNP decision making.

  4. Tsunami Deposits on Simeulue Island, Indonesia--A tale of two tsunamis

    Science.gov (United States)

    Jaffe, B. E.; Higman, B.

    2007-12-01

    As tsunami deposits become more widely used for evaluating tsunami risk, it has become increasingly valuable to improve the ability to interpret deposits to determine tsunami characteristics such as size and flow speed. A team of U.S. and Indonesian scientists went to Simeulue Island 125 km east of Sumatra in April 2005 to learn more about the relation between tsunami deposition and flow. Busong, on the southeast coast of Simeulue Island, was inundated twice in a three-months period by tsunamis. The 26 December 2004 tsunami inundated 130 m inland to an elevation of approximately 4 m. The 28 March 2005 tsunami inundated less than 100 m to an elevation of approximately 2 m. Both tsunamis created deposits that were observed to be an amalgamated 20- cm thick, predominately fine to medium sand overlying a sandy soil. The contact between 2004 and 2005 tsunami deposits is at 13 cm above the top of the sandy soil and is clearly marked by vegetation that grew on the 2004 deposit in the 3 months between tsunamis. Grass roots are present in the upper half of the 2004 deposit and absent both below that level and in the 2005 deposit. We analyzed the fine-scale sedimentary structures and vertical variation in grain size of the deposits to search for diagnostic criteria for unequivocally identifying deposits formed by multiple tsunamis. At Busung, we expected there to be differences between each tsunami's deposits because the tsunami height, period, and direction of the 2004 and 2005 tsunamis were different. Both the 2004 and 2005 deposits were predominately normally graded, although each had inversely graded and massive sections. Faint laminations, which became more defined in a peel of the deposit, were discontinuous and predominately quasi-parallel. Knowing where the contact between the two tsunamis was, subtle sedimentary differences were identified that may be used to tell that it is composed of two separate tsunamis. We will present quantitative analyses of the variations

  5. Elders recall an earlier tsunami on Indian Ocean shores

    Science.gov (United States)

    Kakar, Din Mohammad; Naeem, Ghazala; Usman, Abdullah; Hasan, Haider; Lohdi, Hira; Srinivasalu, Seshachalam; Andrade, Vanessa; Rajendran, C.P.; Naderi Beni, Abdolmajid; Hamzeh, Mohammad Ali; Hoffmann, Goesta; Al Balushi, Noora; Gale, Nora; Kodijat, Ardito; Fritz, Hermann M.; Atwater, Brian F.

    2014-01-01

    Ten years on, the Indian Ocean tsunami of 26 December 2004 still looms large in efforts to reduce coastal risk. The disaster has spurred worldwide advances in tsunami detection and warning, tsunami-risk assessment, and tsunami awareness [Satake, 2014]. Nearly a lifetime has passed since the northwestern Indian Ocean last produced a devastating tsunami. Documentation of this tsunami, in November 1945, was hindered by international instability in the wake of the Second World War and, in British India, by the approach of independence and partition. The parent earthquake, of magnitude 8.1, was widely recorded, and the tsunami registered on tide gauges, but intelligence reports and newspaper articles say little about inundation limits while permitting a broad range of catalogued death tolls. What has been established about the 1945 tsunami falls short of what's needed today for ground-truthing inundation models, estimating risk to enlarged populations, and anchoring awareness campaigns in local facts. Recent efforts to reduce coastal risk around the Arabian Sea include a project in which eyewitnesses to the 1945 tsunami were found and interviewed (Fig. 1), and related archives were gathered. Results are being made available through UNESCO's Indian Ocean Tsunami Information Center in hopes of increasing scientific understanding and public awareness of the region's tsunami hazards.

  6. Observations and Impacts from the 2010 Chilean and 2011 Japanese Tsunamis in California (USA)

    Science.gov (United States)

    Wilson, Rick I.; Admire, Amanda R.; Borrero, Jose C.; Dengler, Lori A.; Legg, Mark R.; Lynett, Patrick; McCrink, Timothy P.; Miller, Kevin M.; Ritchie, Andy; Sterling, Kara; Whitmore, Paul M.

    2013-06-01

    The coast of California was significantly impacted by two recent teletsunami events, one originating off the coast of Chile on February 27, 2010 and the other off Japan on March 11, 2011. These tsunamis caused extensive inundation and damage along the coast of their respective source regions. For the 2010 tsunami, the NOAA West Coast/Alaska Tsunami Warning Center issued a state-wide Tsunami Advisory based on forecasted tsunami amplitudes ranging from 0.18 to 1.43 m with the highest amplitudes predicted for central and southern California. For the 2011 tsunami, a Tsunami Warning was issued north of Point Conception and a Tsunami Advisory south of that location, with forecasted amplitudes ranging from 0.3 to 2.5 m, the highest expected for Crescent City. Because both teletsunamis arrived during low tide, the potential for significant inundation of dry land was greatly reduced during both events. However, both events created rapid water-level fluctuations and strong currents within harbors and along beaches, causing extensive damage in a number of harbors and challenging emergency managers in coastal jurisdictions. Field personnel were deployed prior to each tsunami to observe and measure physical effects at the coast. Post-event survey teams and questionnaires were used to gather information from both a physical effects and emergency response perspective. During the 2010 tsunami, a maximum tsunami amplitude of 1.2 m was observed at Pismo Beach, and over 3-million worth of damage to boats and docks occurred in nearly a dozen harbors, most significantly in Santa Cruz, Ventura, Mission Bay, and northern Shelter Island in San Diego Bay. During the 2011 tsunami, the maximum amplitude was measured at 2.47 m in Crescent City Harbor with over 50-million in damage to two dozen harbors. Those most significantly affected were Crescent City, Noyo River, Santa Cruz, Moss Landing, and southern Shelter Island. During both events, people on docks and near the ocean became at risk to

  7. Selecting Copulas for Risk Management

    NARCIS (Netherlands)

    H.J.W.G. Kole (Erik); C.G. Koedijk (Kees); M.J.C.M. Verbeek (Marno)

    2006-01-01

    textabstractCopulas offer financial risk managers a powerful tool to model the dependence between the different elements of a portfolio and are preferable to the traditional, correlation-based approach. In this paper we show the importance of selecting an accurate copula for risk management. We

  8. Corporate risk management : an overview

    NARCIS (Netherlands)

    Oosterhof, Casper M.

    2001-01-01

    Corporate risk management and hedging are important activities within financial as well as non-financial corporations. Under the assumptions of Modigliani and Miller [1958], corporate risk management is a redundant activity. However, the existence of market imperfections can explain the corporate

  9. The Supply Chain Risk Management

    OpenAIRE

    Skitsko Volodymyr I.; Voynikov Mykola Yu.

    2018-01-01

    The article considers current approaches of risk-management in supply chains, the main steps of the risk management process are analyzed and detailed both for a separate enterprise – participant of supply chain, for the supply chain in general, and for the Beer game, based on the international risk management standards. The article provides a way to assess the risks of the «producer» in the Beer game according to the three strategies of its behavior, which presumably can correspond to differe...

  10. Risk management for whales

    OpenAIRE

    Cont, R; Wagalath, L

    2016-01-01

    We propose framework for modeling portfolio risk which integrates market risk with liquidation costs which may arise in stress scenarios. Our model provides a systematic method for computing liquidation-adjusted risk measures for a portfolio. Calculation of Liquidation-adjusted VaR (LVaR) for sample portfolios reveals a substantial impact of liquidation costs on portfolio risk for portfolios with large concentrated positions.

  11. Business risk management

    International Nuclear Information System (INIS)

    Cosby, C.

    2015-01-01

    Bruce Power's definition: an emerging and demonstrable event or change in business plan assumptions that could impact Bruce Power's achievement of its business plan objectives and results. Risks can be either negative (threats) or positive (opportunities). Risks against the 5 year business plan Net Risk = impact * probability.

  12. Business risk management

    Energy Technology Data Exchange (ETDEWEB)

    Cosby, C., E-mail: Christine.cosby@brucepower.com [Bruce Power, Tiverton, ON (Canada)

    2015-07-01

    Bruce Power's definition: an emerging and demonstrable event or change in business plan assumptions that could impact Bruce Power's achievement of its business plan objectives and results. Risks can be either negative (threats) or positive (opportunities). Risks against the 5 year business plan Net Risk = impact * probability.

  13. TRManager – Technical Risk Manager

    Directory of Open Access Journals (Sweden)

    Mark A. Gregory

    2009-06-01

    Full Text Available This paper presents research into the development of a new information management technique called Technical Risk Manager. Project management involves the use of processes and information management techniques to aid decision making in the pursuit of project success. Project success may be achieved by meeting time, cost or performance criteria. Current project management practices focus on achieving time and cost project success criteria by using three information management techniques developed in the 1950s: Gantt, PERT and Critical Path Method. Technical Risk Manager has been developed to provide an information management technique that may be used to aid project management decision making in the pursuit of achieving the performance project success criteria.

  14. Smart Grid Risk Management

    Science.gov (United States)

    Abad Lopez, Carlos Adrian

    Current electricity infrastructure is being stressed from several directions -- high demand, unreliable supply, extreme weather conditions, accidents, among others. Infrastructure planners have, traditionally, focused on only the cost of the system; today, resilience and sustainability are increasingly becoming more important. In this dissertation, we develop computational tools for efficiently managing electricity resources to help create a more reliable and sustainable electrical grid. The tools we present in this work will help electric utilities coordinate demand to allow the smooth and large scale integration of renewable sources of energy into traditional grids, as well as provide infrastructure planners and operators in developing countries a framework for making informed planning and control decisions in the presence of uncertainty. Demand-side management is considered as the most viable solution for maintaining grid stability as generation from intermittent renewable sources increases. Demand-side management, particularly demand response (DR) programs that attempt to alter the energy consumption of customers either by using price-based incentives or up-front power interruption contracts, is more cost-effective and sustainable in addressing short-term supply-demand imbalances when compared with the alternative that involves increasing fossil fuel-based fast spinning reserves. An essential step in compensating participating customers and benchmarking the effectiveness of DR programs is to be able to independently detect the load reduction from observed meter data. Electric utilities implementing automated DR programs through direct load control switches are also interested in detecting the reduction in demand to efficiently pinpoint non-functioning devices to reduce maintenance costs. We develop sparse optimization methods for detecting a small change in the demand for electricity of a customer in response to a price change or signal from the utility

  15. Predicting natural catastrophes tsunamis

    CERN Multimedia

    CERN. Geneva

    2005-01-01

    1. Tsunamis - Introduction - Definition of phenomenon - basic properties of the waves Propagation and dispersion Interaction with coasts - Geological and societal effects Origin of tsunamis - natural sources Scientific activities in connection with tsunamis. Ideas about simulations 2. Tsunami generation - The earthquake source - conventional theory The earthquake source - normal mode theory The landslide source Near-field observation - The Plafker index Far-field observation - Directivity 3. Tsunami warning - General ideas - History of efforts Mantle magnitudes and TREMOR algorithms The challenge of "tsunami earthquakes" Energy-moment ratios and slow earthquakes Implementation and the components of warning centers 4. Tsunami surveys - Principles and methodologies Fifteen years of field surveys and related milestones. Reconstructing historical tsunamis: eyewitnesses and geological evidence 5. Lessons from the 2004 Indonesian tsunami - Lessons in seismology Lessons in Geology The new technologies Lessons in civ...

  16. Evidence-Based Support for the Characteristics of Tsunami Warning Messages for Local, Regional and Distant Sources

    Science.gov (United States)

    Gregg, C. E.; Johnston, D. M.; Sorensen, J. H.; Vogt Sorensen, B.; Whitmore, P.

    2014-12-01

    Many studies since 2004 have documented the dissemination and receipt of risk information for local to distant tsunamis and factors influencing people's responses. A few earlier tsunami studies and numerous studies of other hazards provide additional support for developing effective tsunami messages. This study explores evidence-based approaches to developing such messages for the Pacific and National Tsunami Warning Centers in the US. It extends a message metric developed for the NWS Tsunami Program. People at risk to tsunamis receive information from multiple sources through multiple channels. Sources are official and informal and environmental and social cues. Traditionally, official tsunami messages followed a linear dissemination path through relatively few channels from warning center to emergency management to public and media. However, the digital age has brought about a fundamental change in the dissemination and receipt of official and informal communications. Information is now disseminated in very non-linear paths and all end-user groups may receive the same message simultaneously. Research has demonstrated a range of factors that influence rapid respond to an initial real or perceived threat. Immediate response is less common than one involving delayed protective actions where people first engage in "milling behavior" to exchange information and confirm the warning before taking protective action. The most important message factors to achieve rapid response focus on the content and style of the message and the frequency of dissemination. Previously we developed a tsunami message metric consisting of 21 factors divided into message content and style and receiver characteristics. Initially, each factor was equally weighted to identify gaps, but here we extend the work by weighting specific factors. This utilizes recent research that identifies the most important determinants of protective action. We then discuss the prioritization of message information

  17. INTERNAL AUDIT AND RISK MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Elena RUSE

    2014-04-01

    Full Text Available The existence of risk in economic activity can not be denied. In fact, the risk is a concept which exists in every activity, the term of risk being identified with uncertainty, respectively the (unchance to produce an undesirable event. Internal audit and risk management aim at the same goal, namely the control of risks. Internal Audit performs several roles in risk management plan. The objectives of the internal audit function varies from company to company, but in all economic entities internal audit department aims to improve performance management, enterprise performance and thus improve the internal control system. This paper aims to demonstrate, among other things, that any event that may result in failure is unquestionably classified as risk.

  18. Integrated supply chain risk management

    Directory of Open Access Journals (Sweden)

    Riaan Bredell

    2007-11-01

    Full Text Available Integrated supply chain risk management (ISCRM has become indispensable to the theory and practice of supply chain management. The economic and political realities of the modern world require not only a different approach to supply chain management, but also bold steps to secure supply chain performance and sustainable wealth creation. Integrated supply chain risk management provides supply chain organisations with a level of insight into their supply chains yet to be achieved. If correctly applied, this process may optimise management decision-making and assist in the protection and enhancement of shareholder value.

  19. Tsunami, War, and Cumulative Risk in the Lives of Sri Lankan Schoolchildren

    Science.gov (United States)

    Catani, Claudia; Gewirtz, Abigail H.; Wieling, Elizabeth; Schauer, Elizabeth; Elbert, Thomas; Neuner, Frank

    2010-01-01

    This study examines the impact of children's exposure to natural disaster against the backdrop of exposure to other traumatic events and psychosocial risks. One thousand three hundred ninety-eight Sri Lankan children aged 9-15 years were interviewed in 4 cross-sectional studies about exposure to traumatic life events related to the war, the…

  20. Prototype Tsunami Evacuation Park in Padang, West Sumatra, Indonesia

    Science.gov (United States)

    Tucker, B. E.; Cedillos, V.; Deierlein, G.; Di Mauro, M.; Kornberg, K.

    2012-12-01

    Padang, Indonesia, a city of some 900,000 people, half of whom live close to the coast and within a five-meter elevation above sea level, has one of the highest tsunami risks in the world due to its close offshore thrust-fault seismic hazard, flat terrain and dense population. There is a high probability that a tsunami will strike the shores of Padang, flooding half of the area of the city, within the next 30 years. If that tsunami occurred today, it is estimated that several hundred thousand people would die, as they could not reach safe ground in the ~30 minute interval between the earthquake's occurrence and the tsunami's arrival. Padang's needs have been amply demonstrated: after earthquakes in 2007, 2009, 2011 and 2012, citizens, thinking that those earthquakes might cause a tsunami, tried to evacuate in cars and motorbikes, which created traffic jams, and most could not reach safe ground in 30 minutes. Since 2008, GeoHazards International (GHI) and Stanford University have studied a range of options for improving this situation, including ways to accelerate evacuation to high ground with pedestrian bridges and widened roads, and means of "vertical" evacuation in multi-story buildings, mosques, pedestrian overpasses, and Tsunami Evacuation Parks (TEPs), which are man-made hills with recreation facilities on top. TEPs proved most practical and cost-effective for Padang, given the available budget, technology and time. The Earth Observatory Singapore (EOS) developed an agent-based model that simulates pedestrian and vehicular evacuation to assess tsunami risk and risk reduction interventions in Southeast Asia. EOS applied this model to analyze the effectiveness in Padang of TEPs over other tsunami risk management approaches in terms of evacuation times and the number of people saved. The model shows that only ~24,000 people (20% of the total population) in the northern part of Padang can reach safe ground within 30 minutes, if people evacuate using cars and

  1. Analysis of Tsunami Culture in Countries Affected by Recent Tsunamis

    NARCIS (Netherlands)

    Esteban, M.; Tsimopoulou, V.; Shibayama, T.; Mikami, T.; Ohira, K.

    2012-01-01

    Since 2004 there is a growing global awareness of the risks that tsunamis pose to coastal communities. Despite the fact that these events were already an intrinsic part of the culture of some countries (such as Chile and Japan), in many other places they had been virtually unheard of before 2004.

  2. Improving End-To-End Tsunami Warning for Risk Reduction on Canada’s West Coast

    Science.gov (United States)

    2015-01-01

    in 2014, up from 455 cals in 2013 (Chamber of Shipping, 2014). Even the more traditional forms of marine tourism such as sports fishing have been...some of the most noteworthy areas of new economic activity to emerge have been aquaculture, recreation and tourism , research and oil, gas and other...Risk Reduction on Canada’s West Coast (CSSP-2013-TI-1033) 3   annual value of output over $590 milion (Fisheries and Oceans Canada, 2013). Tourism

  3. Enterprise risk management and disclosure

    Directory of Open Access Journals (Sweden)

    Nicoleta Farcane

    2008-01-01

    Full Text Available Our paper deals with aspects regarding risk and uncertainty. Many risk management methods are today implemented in organizations. This perspective reveals that managers are linked in different forms to the activities they are managing, depending on the conditions and levels of uncertainty they are in. Actually, these multiple levels of uncertainty lead to the conclusion that any situation in an organizational system can be classified in two different models of organizational phenomena: the organizational phenomena that are putting managers and stakeholders in conditions of risk and the organizational phenomena that are putting them in condition of uncertainty. Using content analyze in this paper we survey the disclosure level of risk management information in the annual report of top Romanian listed companies.

  4. RISKS IN INVESTMENT AND MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Ms. Tatiana A. Ykovleva

    2016-12-01

    Full Text Available The article discusses the features of investment risks and their causes, as well as provides a detailed classification of investment risks. The authors reveal the essence and content of the investment process, risk management, providing material for presentation in the form of a diagram. In conclusion, the article explains the use of the system of specialized institutions as a way to exclude the basic, or primary investment risk.

  5. Tsunami Forecast for Galapagos Islands

    Science.gov (United States)

    Renteria, W.

    2012-04-01

    The objective of this study is to present a model for the short-term and long-term tsunami forecast for Galapagos Islands. For both cases the ComMIT/MOST(Titov,et al 2011) numerical model and methodology have been used. The results for the short-term model has been compared with the data from Lynett et al, 2011 surveyed from the impacts of the March/11 in the Galapagos Islands. For the case of long-term forecast, several scenarios have run along the Pacific, an extreme flooding map is obtained, the method is considered suitable for places with poor or without tsunami impact information, but under tsunami risk geographic location.

  6. Stakeholder-driven geospatial modeling for assessing tsunami vertical-evacuation strategies in the U.S. Pacific Northwest

    Science.gov (United States)

    Wood, N. J.; Schmidtlein, M.; Schelling, J.; Jones, J.; Ng, P.

    2012-12-01

    Recent tsunami disasters, such as the 2010 Chilean and 2011 Tohoku events, demonstrate the significant life loss that can occur from tsunamis. Many coastal communities in the world are threatened by near-field tsunami hazards that may inundate low-lying areas only minutes after a tsunami begins. Geospatial integration of demographic data and hazard zones has identified potential impacts on populations in communities susceptible to near-field tsunami threats. Pedestrian-evacuation models build on these geospatial analyses to determine if individuals in tsunami-prone areas will have sufficient time to reach high ground before tsunami-wave arrival. Areas where successful evacuations are unlikely may warrant vertical-evacuation (VE) strategies, such as berms or structures designed to aid evacuation. The decision of whether and where VE strategies are warranted is complex. Such decisions require an interdisciplinary understanding of tsunami hazards, land cover conditions, demography, community vulnerability, pedestrian-evacuation models, land-use and emergency-management policy, and decision science. Engagement with the at-risk population and local emergency managers in VE planning discussions is critical because resulting strategies include permanent structures within a community and their local ownership helps ensure long-term success. We present a summary of an interdisciplinary approach to assess VE options in communities along the southwest Washington coast (U.S.A.) that are threatened by near-field tsunami hazards generated by Cascadia subduction zone earthquakes. Pedestrian-evacuation models based on an anisotropic approach that uses path-distance algorithms were merged with population data to forecast the distribution of at-risk individuals within several communities as a function of travel time to safe locations. A series of community-based workshops helped identify potential VE options in these communities, collectively known as "Project Safe Haven" at the

  7. Topographic data acquisition in tsunami-prone coastal area using Unmanned Aerial Vehicle (UAV)

    Science.gov (United States)

    Marfai, M. A.; Sunarto; Khakim, N.; Cahyadi, A.; Rosaji, F. S. C.; Fatchurohman, H.; Wibowo, Y. A.

    2018-04-01

    The southern coastal area of Java Island is one of the nine seismic gaps prone to tsunamis. The entire coastline in one of the regencies, Gunungkidul, is exposed to the subduction zone in the Indian Ocean. Also, the growing tourism industries in the regency increase its vulnerability, which places most of its areas at high risk of tsunamis. The same case applies to Kukup, i.e., one of the most well-known beaches in Gunungkidul. Structurally shaped cliffs that surround it experience intensive wave erosion process, but it has very minimum access for evacuation routes. Since tsunami modeling is a very advanced analysis, it requires an accurate topographic data. Therefore, the research aimed to generate the topographic data of Kukup Beach as the baseline in tsunami risk reduction analysis and disaster management. It used aerial photograph data, which was acquired using Unmanned Aerial Vehicle (UAV). The results showed that the aerial photographs captured by drone had accurate elevation and spatial resolution. Therefore, they are applicable for tsunami modeling and disaster management.

  8. Significant Tsunami Events

    Science.gov (United States)

    Dunbar, P. K.; Furtney, M.; McLean, S. J.; Sweeney, A. D.

    2014-12-01

    Tsunamis have inflicted death and destruction on the coastlines of the world throughout history. The occurrence of tsunamis and the resulting effects have been collected and studied as far back as the second millennium B.C. The knowledge gained from cataloging and examining these events has led to significant changes in our understanding of tsunamis, tsunami sources, and methods to mitigate the effects of tsunamis. The most significant, not surprisingly, are often the most devastating, such as the 2011 Tohoku, Japan earthquake and tsunami. The goal of this poster is to give a brief overview of the occurrence of tsunamis and then focus specifically on several significant tsunamis. There are various criteria to determine the most significant tsunamis: the number of deaths, amount of damage, maximum runup height, had a major impact on tsunami science or policy, etc. As a result, descriptions will include some of the most costly (2011 Tohoku, Japan), the most deadly (2004 Sumatra, 1883 Krakatau), and the highest runup ever observed (1958 Lituya Bay, Alaska). The discovery of the Cascadia subduction zone as the source of the 1700 Japanese "Orphan" tsunami and a future tsunami threat to the U.S. northwest coast, contributed to the decision to form the U.S. National Tsunami Hazard Mitigation Program. The great Lisbon earthquake of 1755 marked the beginning of the modern era of seismology. Knowledge gained from the 1964 Alaska earthquake and tsunami helped confirm the theory of plate tectonics. The 1946 Alaska, 1952 Kuril Islands, 1960 Chile, 1964 Alaska, and the 2004 Banda Aceh, tsunamis all resulted in warning centers or systems being established.The data descriptions on this poster were extracted from NOAA's National Geophysical Data Center (NGDC) global historical tsunami database. Additional information about these tsunamis, as well as water level data can be found by accessing the NGDC website www.ngdc.noaa.gov/hazard/

  9. Risk Management Issues - An Aerospace Perspective

    Science.gov (United States)

    Perera, Jeevan S.

    2011-01-01

    Phased-approach for implementation of risk management is necessary. Risk management system will be simple, accessible and promote communication of information to all relevant stakeholders for optimal resource allocation and risk mitigation. Risk management should be used by all team members to manage risks--risk office personnel. Each group is assigned Risk Integrators who are facilitators for effective risk management. Risks will be managed at the lowest-level feasible, elevate only those risks that require coordination or management from above. Risk reporting and communication is an essential element of risk management and will combine both qualitative and quantitative elements.. Risk informed decision making should be introduced to all levels of management. Provide necessary checks and balances to insure that risks are caught/identified and dealt with in a timely manner, Many supporting tools, processes & training must be deployed for effective risk management implementation. Process improvement must be included in the risk processes.

  10. Tsunami Casualty Model

    Science.gov (United States)

    Yeh, H.

    2007-12-01

    More than 4500 deaths by tsunamis were recorded in the decade of 1990. For example, the 1992 Flores Tsunami in Indonesia took away at least 1712 lives, and more than 2182 people were victimized by the 1998 Papua New Guinea Tsunami. Such staggering death toll has been totally overshadowed by the 2004 Indian Ocean Tsunami that claimed more than 220,000 lives. Unlike hurricanes that are often evaluated by economic losses, death count is the primary measure for tsunami hazard. It is partly because tsunamis kill more people owing to its short lead- time for warning. Although exact death tallies are not available for most of the tsunami events, there exist gender and age discriminations in tsunami casualties. Significant gender difference in the victims of the 2004 Indian Ocean Tsunami was attributed to women's social norms and role behavior, as well as cultural bias toward women's inability to swim. Here we develop a rational casualty model based on humans' limit to withstand the tsunami flows. The application to simple tsunami runup cases demonstrates that biological and physiological disadvantages also make a significant difference in casualty rate. It further demonstrates that the gender and age discriminations in casualties become most pronounced when tsunami is marginally strong and the difference tends to diminish as tsunami strength increases.

  11. Improving Operational Risk Management Using Business Performance Management Technologies

    OpenAIRE

    Bram Pieket Weeserik; Marco Spruit

    2018-01-01

    Operational Risk Management (ORM) comprises the continuous management of risks resulting from: human actions, internal processes, systems, and external events. With increasing requirements, complexity and a growing volume of risks, information systems provide benefits for integrating risk management activities and optimizing performance. Business Performance Management (BPM) technologies are believed to provide a solution for effective Operational Risk Management by offering several combined ...

  12. Scope of environmental risk management

    Energy Technology Data Exchange (ETDEWEB)

    O' Riordan, T

    1979-01-01

    Environmental risk management embraces three techniques for project appraisal: cost/benefit analysis, environmental impact analysis and risk assessment. It also explicitly relates scientific investigations to political judgments, sometimes so closely that the two cannot be separated. Indeed it is now apparent that environmental risk management encompasses procedures both to review the relative merits and priorities of policies as well as to appraise the environmental risks of particular schemes. Until recently this relationship has not been fully appreciated, so much imagination and innovation is still required to develop the most-suitable mechanisms for review.

  13. The Theme of Risk Management

    Directory of Open Access Journals (Sweden)

    Chua, D. K. H.

    2014-07-01

    Full Text Available The papers in this issue of the Journal come from different industry sectors, yet there can be a common theme that ties them together. Two of the papers address explicitly the issue of risk management, while the other three may be related to it in different degrees. One of the critical factors for project success is risk identification, as determined by Chua et al. (1999. The importance of risk management cannot be overemphasized. Failure to identify crucial risk elements in a project can lead to significant project failures in terms of cost and schedule.

  14. Tailoring Risk Management in Design

    DEFF Research Database (Denmark)

    Tegeltija, M.; Oehmen, J.; McMahon, C. A.

    2018-01-01

    While risk quantification research has grown over the last few decades, only a limited number of studies have addressed the overall process integration of these approaches in design risk management. This paper argues that the choice of risk quantification method has strong implications for several...... process aspects. We investigate current risk management maturity models and suggest an expansion to accommodate requirements originating from the choice of quantification method, and to inform the choice of quantification method, based on other process parameters, validated through 3 case companies....

  15. Applied software risk management a guide for software project managers

    CERN Document Server

    Pandian, C Ravindranath

    2006-01-01

    Few software projects are completed on time, on budget, and to their original specifications. Focusing on what practitioners need to know about risk in the pursuit of delivering software projects, Applied Software Risk Management: A Guide for Software Project Managers covers key components of the risk management process and the software development process, as well as best practices for software risk identification, risk planning, and risk analysis. Written in a clear and concise manner, this resource presents concepts and practical insight into managing risk. It first covers risk-driven project management, risk management processes, risk attributes, risk identification, and risk analysis. The book continues by examining responses to risk, the tracking and modeling of risks, intelligence gathering, and integrated risk management. It concludes with details on drafting and implementing procedures. A diary of a risk manager provides insight in implementing risk management processes.Bringing together concepts ...

  16. Numerical modelling and evacuation strategies for tsunami awareness: lessons from the 2012 Haida Gwaii Tsunami

    Directory of Open Access Journals (Sweden)

    Angela Santos

    2016-07-01

    Full Text Available On October 28, 2012, an earthquake occurred offshore Canada, with a magnitude Mw of 7.8, triggering a tsunami that propagated through the Pacific Ocean. The tsunami numerical model results show it would not be expected to generate widespread inundation on Hawaii. Yet, two hours after the earthquake, the Pacific Tsunami Warning Centre (PTWC issued a tsunami warning to the state of Hawaii. Since the state was hit by several tsunamis in the past, regular siren exercises, tsunami hazard maps and other prevention measures are available for public use, revealing that residents are well prepared regarding tsunami evacuation procedures. Nevertheless, residents and tourists evacuated mostly by car, and because of that, heavy traffic was reported, showing that it was a non-viable option for evacuation. The tsunami caused minor damages on the coastline, and several car accidents were reported, with one fatality. In recent years, there has been a remarkable interest in tsunami impacts. However, if risk planners seem to be very knowledgeable about how to avoid or mitigate their potential harmful effects, they seem to disregard its integration with other sectors of human activity and other social factors.

  17. Managing Multiple Risk Factors

    National Research Council Canada - National Science Library

    Lollis, Charlie

    1998-01-01

    ...) contribute to the racial differences in cardiovascular risk and events among women. High levels of socioeconomic stress, higher dietary fat intake and sedentary lifestyle are more prevalent among black than white women...

  18. Knowledge management in support of enterprise risk management

    OpenAIRE

    Rodriguez, Eduardo; Edwards, John S.

    2014-01-01

    Risk management and knowledge management have so far been studied almost independently. The evolution of risk management to the holistic view of Enterprise Risk Management requires the destruction of barriers between organizational silos and the exchange and application of knowledge from different risk management areas. However, knowledge management has received little or no attention in risk management. This paper examines possible relationships between knowledge management constructs relate...

  19. The NASA risk management program

    International Nuclear Information System (INIS)

    Buchbinder, B.; Philipson, L.L.

    1989-01-01

    This paper reports that the NASA Risk Management Program has been established to ensure the appropriate application of risk-based procedures in support of the elimination, reduction, or acceptance of significant safety risks of concern in NASA. The term appropriate is emphasized, in that the particular procedures applied to each given risk are to reflect its character and prioritized importance, the technological and economic feasibility of its treatment. A number of key documents have been produced in support of this implementation. Databases, risk analysis tools, and risk communication procedures requisite to the execution of the risk management functions also are being developed or documented. Several risk management applications have been made and a comprehensive application to a major new NASA program is underway. This paper summarizes the development and current status of the NASA Risk Management Program. Some principal actions that have been carried out in NASA in consonance with the program are noted particularly, and views are presented on the program's likely future directions

  20. How to manage risk better

    CSIR Research Space (South Africa)

    Walwyn, DR

    2002-09-01

    Full Text Available Risk management practices in the R&D departments of many chemical and pharmaceutical companies lack much of the rigor and sophistication of the equivalent corporation in the financial sector. For instance investment decisions on research projects...

  1. Risk Management and Value Creation

    DEFF Research Database (Denmark)

    Andersen, Torben Juul; Roggi, Oliviero

    Corporate failures, periodic recessions, regional debt crises and volatile financial markets have intensified the focus on risk management as the means to deal with turbulent conditions. The ability to respond effectively to abrupt environmental impacts is considered an important source...... of competitive advantage. Yet, surprisingly little research has analyzed whether the presumed advantages of effective risk management are associated with superior outcomes. Here we present a comprehensive study of risk management effectiveness and the relationship to corporate performance based on more than 33......,500 observations in 3,400 firms over the turbulent 20-year period 1991-2010. Determining effective risk management as the ability to reduce earnings and cash flow volatility, we find that both have significant positive relationships to lagged performance measures after controlling for industry effects, company...

  2. Risk assessment and risk management of mycotoxins.

    Science.gov (United States)

    2012-01-01

    Risk assessment is the process of quantifying the magnitude and exposure, or probability, of a harmful effect to individuals or populations from certain agents or activities. Here, we summarize the four steps of risk assessment: hazard identification, dose-response assessment, exposure assessment, and risk characterization. Risk assessments using these principles have been conducted on the major mycotoxins (aflatoxins, fumonisins, ochratoxin A, deoxynivalenol, and zearalenone) by various regulatory agencies for the purpose of setting food safety guidelines. We critically evaluate the impact of these risk assessment parameters on the estimated global burden of the associated diseases as well as the impact of regulatory measures on food supply and international trade. Apart from the well-established risk posed by aflatoxins, many uncertainties still exist about risk assessments for the other major mycotoxins, often reflecting a lack of epidemiological data. Differences exist in the risk management strategies and in the ways different governments impose regulations and technologies to reduce levels of mycotoxins in the food-chain. Regulatory measures have very little impact on remote rural and subsistence farming communities in developing countries, in contrast to developed countries, where regulations are strictly enforced to reduce and/or remove mycotoxin contamination. However, in the absence of the relevant technologies or the necessary infrastructure, we highlight simple intervention practices to reduce mycotoxin contamination in the field and/or prevent mycotoxin formation during storage.

  3. Tsunami Early Warning via a Physics-Based Simulation Pipeline

    Science.gov (United States)

    Wilson, J. M.; Rundle, J. B.; Donnellan, A.; Ward, S. N.; Komjathy, A.

    2017-12-01

    Through independent efforts, physics-based simulations of earthquakes, tsunamis, and atmospheric signatures of these phenomenon have been developed. With the goal of producing tsunami forecasts and early warning tools for at-risk regions, we join these three spheres to create a simulation pipeline. The Virtual Quake simulator can produce thousands of years of synthetic seismicity on large, complex fault geometries, as well as the expected surface displacement in tsunamigenic regions. These displacements are used as initial conditions for tsunami simulators, such as Tsunami Squares, to produce catalogs of potential tsunami scenarios with probabilities. Finally, these tsunami scenarios can act as input for simulations of associated ionospheric total electron content, signals which can be detected by GNSS satellites for purposes of early warning in the event of a real tsunami. We present the most recent developments in this project.

  4. Science-Driven Approach to Disaster Risk and Crisis Management

    Science.gov (United States)

    Ismail-Zadeh, A.

    2014-12-01

    Disasters due to natural extreme events continue to grow in number and intensity. Disaster risk and crisis management requires long-term planning, and to undertake that planning, a science-driven approach is needed to understand and assess disaster risks and to help in impact assessment and in recovery processes after a disaster. Science is used in assessments and rapid modeling of the disaster impact, in forecasting triggered hazards and risk (e.g., a tsunami or a landslide after a large earthquake), in contacts with and medical treatment of the affected population, and in some other actions. At the stage of response to disaster, science helps to analyze routinely the disaster happened (e.g., the physical processes led to this extreme event; hidden vulnerabilities; etc.) At the stage of recovery, natural scientists improve the existing regional hazard assessments; engineers try to use new science to produce new materials and technologies to make safer houses and infrastructure. At the stage of disaster risk mitigation new scientific methods and approaches are being developed to study natural extreme events; vulnerability of society is periodically investigated, and the measures for increasing the resilience of society to extremes are developed; existing disaster management regulations are improved. At the stage of preparedness, integrated research on disaster risks should be developed to understand the roots of potential disasters. Enhanced forecasting and early warning systems are to be developed reducing predictive uncertainties, and comprehensive disaster risk assessment is to be undertaken at local, regional, national and global levels. Science education should be improved by introducing trans-disciplinary approach to disaster risks. Science can help society by improving awareness about extreme events, enhancing risk communication with policy makers, media and society, and assisting disaster risk management authorities in organization of local and regional

  5. 76 FR 45724 - Clearing Member Risk Management

    Science.gov (United States)

    2011-08-01

    ... proposed rules address risk management for cleared trades by futures commission merchants, swap dealers... Commission has proposed extensive regulations addressing open access and risk management at the derivatives..., 2011) (Risk Management Requirements for Derivatives Clearing Organizations). These proposed regulations...

  6. Producers' Complex Risk Management Choices

    NARCIS (Netherlands)

    Pennings, J.M.E.; Isengildina, O.; Irwin, S.H.; Garcia, P.; Good, D.L.

    2008-01-01

    Producers have a wide variety of risk management instruments available, making their choice(s) complex. The way producers deal with this complexity can vary and may influence the impact that the determinants, such as risk aversion, have on their choices. A recently developed choice bracketing

  7. Impact of earthquake source complexity and land elevation data resolution on tsunami hazard assessment and fatality estimation

    Science.gov (United States)

    Muhammad, Ario; Goda, Katsuichiro

    2018-03-01

    This study investigates the impact of model complexity in source characterization and digital elevation model (DEM) resolution on the accuracy of tsunami hazard assessment and fatality estimation through a case study in Padang, Indonesia. Two types of earthquake source models, i.e. complex and uniform slip models, are adopted by considering three resolutions of DEMs, i.e. 150 m, 50 m, and 10 m. For each of the three grid resolutions, 300 complex source models are generated using new statistical prediction models of earthquake source parameters developed from extensive finite-fault models of past subduction earthquakes, whilst 100 uniform slip models are constructed with variable fault geometry without slip heterogeneity. The results highlight that significant changes to tsunami hazard and fatality estimates are observed with regard to earthquake source complexity and grid resolution. Coarse resolution (i.e. 150 m) leads to inaccurate tsunami hazard prediction and fatality estimation, whilst 50-m and 10-m resolutions produce similar results. However, velocity and momentum flux are sensitive to the grid resolution and hence, at least 10-m grid resolution needs to be implemented when considering flow-based parameters for tsunami hazard and risk assessments. In addition, the results indicate that the tsunami hazard parameters and fatality number are more sensitive to the complexity of earthquake source characterization than the grid resolution. Thus, the uniform models are not recommended for probabilistic tsunami hazard and risk assessments. Finally, the findings confirm that uncertainties of tsunami hazard level and fatality in terms of depth, velocity and momentum flux can be captured and visualized through the complex source modeling approach. From tsunami risk management perspectives, this indeed creates big data, which are useful for making effective and robust decisions.

  8. Legal risk management in shipping

    DEFF Research Database (Denmark)

    Siig, Kristina

    The book discusses the most typical legal challenges met in the chartering, broker, agent or port management part of the shipping industry. It discusses these issues in both English and Scandinavian law and gives indications on how to best ensure your legal risk management in these parts...

  9. Risk communication, geoethics and decision science issues in Japan's disaster management system

    Science.gov (United States)

    Sugimoto, M.

    2014-12-01

    Issues in Japan's disaster management system were revealed by the 2011 Tohoku earthquake and tsunami, and by the Fukushima Dai-ichi nuclear power station accident. Many important decisions were based on scientific data, but appear not to have sufficiently considered the uncertainties of the data and the societal aspects of the problems. The issues that arose show the need for scientists to appropriately deal with risk communication and geoethics and issues. This paper discusses necessity of education for risk communication, geoethics and decisions science in school before students become sicentific decision makers in future.

  10. Characteristics of the 2011 Tohoku Tsunami and introduction of two level tsunamis for tsunami disaster mitigation.

    Science.gov (United States)

    Sato, Shinji

    2015-01-01

    Characteristics of the 2011 Tohoku Tsunami have been revealed by collaborative tsunami surveys extensively performed under the coordination of the Joint Tsunami Survey Group. The complex behaviors of the mega-tsunami were characterized by the unprecedented scale and the low occurrence frequency. The limitation and the performance of tsunami countermeasures were described on the basis of tsunami surveys, laboratory experiments and numerical analyses. These findings contributed to the introduction of two-level tsunami hazards to establish a new strategy for tsunami disaster mitigation, combining structure-based flood protection designed by the Level-1 tsunami and non-structure-based damage reduction planned by the Level-2 tsunami.

  11. Price Risk and Risk Management in Agriculture

    Directory of Open Access Journals (Sweden)

    Udo Broll

    2013-06-01

    Full Text Available This note studies the risk-management decisions of a risk-averse farmer. The farmer faces multiple sources of price uncertainty. He sells commodities to two markets at two prices, but only one of these markets has a futures market. We show that the farmer’s optimal commodity futures market position, i.e., a cross-hedge strategy, is actually an over-hedge, a full-hedge, or an under-hedge strategy, depending on whether the two prices are strongly positively correlated, uncorrelated, or negatively correlated, respectively.

  12. Managing Supplier Sustainability Risk

    OpenAIRE

    Harilainen, Hanna-Riitta

    2014-01-01

    Supply chains are increasingly global, often reaching to developing regions. The media pressure brand owners to be responsible, but a product is only as sustainable as the practices of all the companies involved in manufacturing it are. It’s not enough that the brand owner acts responsibly; sustainable practices have to reach component and raw material suppliers upstream. Image risk has often been recognized as reason for investing in sustainability. In the supply chain context, supplier m...

  13. Energy price risk management

    International Nuclear Information System (INIS)

    Evans, J.W.G.

    1998-01-01

    While long term, fixed price contracts for fuel procurement and export of excess power may lock in the economics of a CHP plant, these do not necessarily give the best pricing opportunities that may exist during the life of those contracts. A more prudent approach may be to vary the length of the contracts and markets are now developing in gas and electricity to assist in the management of such a portfolio. (Author)

  14. Underground risk management information systems

    Energy Technology Data Exchange (ETDEWEB)

    Matsuyama, S.; Inoue, M.; Sakai, T.

    2006-03-15

    JCOAL has conducted Joint Research on an Underground Communication and Risk Management Information System with CSIRO of Australia under a commissioned study project for the promotion of coal use starting in fiscal 2002. The goal of this research project is the establishment of a new Safety System focusing on the comprehensive risk management information system by the name of Nexsys. The main components of the system are the Ethernet type underground communication system that represents the data communication base, and the risk management information system that permits risk analysis in real-time and provides decision support based on the collected data. The Nexsys is an open system and is a core element of the underground monitoring system. Using a vast amount of underground data, it is capable of accommodating a wide range of functions that were not available in the past. Because of it, it is possible to construct an advanced underground safety system. 14 figs., 4 tabs.

  15. Report by the 'Mega-earthquakes and mega-tsunamis' subgroup

    International Nuclear Information System (INIS)

    Friedel, Jacques; Courtillot, Vincent; Dercourt, Jean; Jaupart, Claude; Le Pichon, Xavier; Poirier, Jean-Paul; Salencon, Jean; Tapponnier, Paul; Dautray, Robert; Carpentier, Alain; Taquet, Philippe; Blanchet, Rene; Le Mouel, Jean-Louis; BARD, Pierre-Yves; Bernard, Pascal; Montagner, Jean-Paul; Armijo, Rolando; Shapiro, Nikolai; Tait, Steve; Cara, Michel; Madariaga, Raul; Pecker, Alain; Schindele, Francois; Douglas, John

    2011-06-01

    This report comprises a presentation of scientific data on subduction earthquakes, on tsunamis and on the Tohoku earthquake. It proposes a detailed description of the French situation (in the West Indies, in metropolitan France, and in terms of soil response), and a discussion of social and economic issues (governance, seismic regulation and nuclear safety, para-seismic protection of constructions). The report is completed by other large documents: presentation of data on the Japanese earthquake, discussion on prediction and governance errors in the management of earthquake mitigation in Japan, discussions on tsunami prevention, on needs of research on accelerometers, and on the seismic risk in France

  16. The exposure of Sydney (Australia) to earthquake-generated tsunamis, storms and sea level rise: a probabilistic multi-hazard approach.

    Science.gov (United States)

    Dall'Osso, F; Dominey-Howes, D; Moore, C; Summerhayes, S; Withycombe, G

    2014-12-10

    Approximately 85% of Australia's population live along the coastal fringe, an area with high exposure to extreme inundations such as tsunamis. However, to date, no Probabilistic Tsunami Hazard Assessments (PTHA) that include inundation have been published for Australia. This limits the development of appropriate risk reduction measures by decision and policy makers. We describe our PTHA undertaken for the Sydney metropolitan area. Using the NOAA NCTR model MOST (Method for Splitting Tsunamis), we simulate 36 earthquake-generated tsunamis with annual probabilities of 1:100, 1:1,000 and 1:10,000, occurring under present and future predicted sea level conditions. For each tsunami scenario we generate a high-resolution inundation map of the maximum water level and flow velocity, and we calculate the exposure of buildings and critical infrastructure. Results indicate that exposure to earthquake-generated tsunamis is relatively low for present events, but increases significantly with higher sea level conditions. The probabilistic approach allowed us to undertake a comparison with an existing storm surge hazard assessment. Interestingly, the exposure to all the simulated tsunamis is significantly lower than that for the 1:100 storm surge scenarios, under the same initial sea level conditions. The results have significant implications for multi-risk and emergency management in Sydney.

  17. Field survey of the 16 September 2015 Chile tsunami

    Science.gov (United States)

    Lagos, Marcelo; Fritz, Hermann M.

    2016-04-01

    tsunami was characterized by rapid arrival within minutes in the nearfield requiring spontaneous self-evacuation as warning messages did not reach some of the hardest hit fishing villages prior to tsunami arrival. The absence of a massive tsunami outside of the 4th region may mislead evacuated residents in the adjacent 3rd and 5th regions of Chile in potential future events. This event poses significant challenges to community-based education raising tsunami awareness. The team educated residents about tsunami hazards since awareness programs are essential to save lives in locales at risk from near-field tsunamis.

  18. Risk management for noncombustion wastes

    International Nuclear Information System (INIS)

    Connor, K.K.; Rice, J.S.

    1991-01-01

    The Noncombustion Waste Risk Management Project is designed to incorporate the insights and information developed in these projects into tools that will help utilities make better noncombustion waste management decisions. Specific project goals are to synthesize information useful to utilities on noncombustion wastes, emphasize waste reduction as a priority over end-of-pipe management, develop methods to manage the costs and risks associated with noncombustion wastes (e.g., direct costs, permitting costs, liability costs, public relations costs), develop software and documentation to deliver the information and analysis methods to the industry. This project was initiated EPRI's Environment Division in late 1988. The early phases of the project involved gathering information on current noncombustion waste management practices, specific utility problems and concerns with respect to these wastes, current and potential future regulations, and current and emerging management options. Recent efforts have focused on characterizing the direct and indirect (e.g., lawsuits, remedial action) costs of managing these wastes and on developing and implementing risk management methods for a subset of wastes. The remainder of this paper describes the specific issues addressed by and the results and insights from the three completed waste-specific studies

  19. The tsunami phenomenon

    Science.gov (United States)

    Röbke, B. R.; Vött, A.

    2017-12-01

    With human activity increasingly concentrating on coasts, tsunamis (from Japanese tsu = harbour, nami = wave) are a major natural hazard to today's society. Stimulated by disastrous tsunami impacts in recent years, for instance in south-east Asia (2004) or in Japan (2011), tsunami science has significantly flourished, which has brought great advances in hazard assessment and mitigation plans. Based on tsunami research of the last decades, this paper provides a thorough treatise on the tsunami phenomenon from a geoscientific point of view. Starting with the wave features, tsunamis are introduced as long shallow water waves or wave trains crossing entire oceans without major energy loss. At the coast, tsunamis typically show wave shoaling, funnelling and resonance effects as well as a significant run-up and backflow. Tsunami waves are caused by a sudden displacement of the water column due to a number of various trigger mechanisms. Such are earthquakes as the main trigger, submarine and subaerial mass wastings, volcanic activity, atmospheric disturbances (meteotsunamis) and cosmic impacts, as is demonstrated by giving corresponding examples from the past. Tsunamis are known to have a significant sedimentary and geomorphological off- and onshore response. So-called tsunamites form allochthonous high-energy deposits that are left at the coast during tsunami landfall. Tsunami deposits show typical sedimentary features, as basal erosional unconformities, fining-upward and -landward, a high content of marine fossils, rip-up clasts from underlying units and mud caps, all reflecting the hydrodynamic processes during inundation. The on- and offshore behaviour of tsunamis and related sedimentary processes can be simulated using hydro- and morphodynamic numerical models. The paper provides an overview of the basic tsunami modelling techniques, including discretisation, guidelines for appropriate temporal and spatial resolution as well as the nesting method. Furthermore, the

  20. Risk Management in the Exchange Fund Account

    OpenAIRE

    Michel Rochette

    2002-01-01

    In this article, author Michel Rochette of the Bank's Risk-Management Unit briefly describes the initiatives undertaken to identify, analyze, model, and manage the principal risks inherent in the transactions of the Exchange Fund Account (EFA), where the international reserves of the federal government are held. The author focuses on five types of risk: credit risk, market risk, liquidity risk, operational risk, and legal risk. In addition, the author presents the risk-management principles u...

  1. Transient Tsunamis in Lakes

    Science.gov (United States)

    Couston, L.; Mei, C.; Alam, M.

    2013-12-01

    A large number of lakes are surrounded by steep and unstable mountains with slopes prone to failure. As a result, landslides are likely to occur and impact water sitting in closed reservoirs. These rare geological phenomena pose serious threats to dam reservoirs and nearshore facilities because they can generate unexpectedly large tsunami waves. In fact, the tallest wave experienced by contemporary humans occurred because of a landslide in the narrow bay of Lituya in 1958, and five years later, a deadly landslide tsunami overtopped Lake Vajont's dam, flooding and damaging villages along the lakefront and in the Piave valley. If unstable slopes and potential slides are detected ahead of time, inundation maps can be drawn to help people know the risks, and mitigate the destructive power of the ensuing waves. These maps give the maximum wave runup height along the lake's vertical and sloping boundaries, and can be obtained by numerical simulations. Keeping track of the moving shorelines along beaches is challenging in classical Eulerian formulations because the horizontal extent of the fluid domain can change over time. As a result, assuming a solid slide and nonbreaking waves, here we develop a nonlinear shallow-water model equation in the Lagrangian framework to address the problem of transient landslide-tsunamis. In this manner, the shorelines' three-dimensional motion is part of the solution. The model equation is hyperbolic and can be solved numerically by finite differences. Here, a 4th order Runge-Kutta method and a compact finite-difference scheme are implemented to integrate in time and spatially discretize the forced shallow-water equation in Lagrangian coordinates. The formulation is applied to different lake and slide geometries to better understand the effects of the lake's finite lengths and slide's forcing mechanism on the generated wavefield. Specifically, for a slide moving down a plane beach, we show that edge-waves trapped by the shoreline and free

  2. Managing nuclear supplier risks

    International Nuclear Information System (INIS)

    Ramberg, B.

    1990-01-01

    This paper reports that with the appearance of such third-tier suppliers as Argentina, Brazil, South Korea, Taiwan, China, and others capable of producing nuclear components and sensitive nuclear materials, assurance that importers are using nuclear energy benignly and safely may become more uncertain. It is therefore important to integrate emerging exporters and importers into a regime of norms designed to minimize nuclear risks. The experience of the London Nuclear Suppliers Group (NSG) to arrive at a code of conduct is encouraging. Placed in the context of the larger evolving nuclear energy regime that seeks to address nuclear safety, proliferation, terrorism, and military attacks on reactors, the international community has made substantial progress. Still, there is much that remains to be done

  3. Risk management through concurrency

    International Nuclear Information System (INIS)

    Childress, J.R.; Briant, V.B.

    1991-01-01

    More than ever before, management and technical professionals are concerned with the subtle and dynamic relationships between safety and performance in complex and hazardous industries. This is certainly true in the nuclear power industry. With the US electric energy industry on the verge of deregulation and increased competition, and with a virtual stoppage on building new nuclear power plants, the increasing demand for reliable sources of efficient electric energy is pressing the nuclear utilities to increase production. At the same time, public sentiment and regulatory pressures are increasing their focus on safety at all costs. The purpose of this paper is to present a proven approach to creating a new work culture for improved nuclear safety and performance. The concepts and material which make up this paper have been taken from both authors experience, research, and consulting in the nuclear industry for several years, as well as from over 20 years of consulting work on the relationships between organizational behavior, culture, and productivity

  4. Managing economic risks through simulation

    International Nuclear Information System (INIS)

    Griffin, B.J.; Eresman, R.K.

    1994-01-01

    Industrial operations are commonly managed in terms of such factors as raw material requirements, throughput, equipment reliability, and operator productivity. Simulation can be used to transform standard management performance measures into probabilistic measures which define the associated risks. These results provide valuable insight for effective management of economic risks. Case studies are presented using the Monte Carlo simulation method to demonstrate different applications of simulation techniques, various result formats, and their use for optimizing economic returns. In the first case study, design criteria for a large gas distribution system originally developed from worst-case demand estimates were modelled to provide a risk basis for decisions on alternative upgrading options. In the second, a commercial gas storage facility operation was modelled to develop economic marketing strategies balancing supply and demand requirements from multiple clients. 3 refs

  5. Branding and the Risk Management Imperative

    Directory of Open Access Journals (Sweden)

    Fournier Susan

    2018-05-01

    Full Text Available In an increasingly risky socioeconomic environment, management needs to proactively consider brand-related risks. To understand brands as tools for risk management, they need to understand four types of brand risk: brand reputation risk, brand dilution risk, brand cannibalization risk and brand stretch risk.

  6. Branding and the Risk Management Imperative

    OpenAIRE

    Fournier Susan; Srinivasan Shuba

    2018-01-01

    In an increasingly risky socioeconomic environment, management needs to proactively consider brand-related risks. To understand brands as tools for risk management, they need to understand four types of brand risk: brand reputation risk, brand dilution risk, brand cannibalization risk and brand stretch risk.

  7. Supply Chain Risk Management

    OpenAIRE

    Babková, Ivana

    2008-01-01

    Práce se zabývá problematikou řízení rizika v logistických řetězcích se zaměřením na jeden konkrétní článek řetězce. Definuje základní oblasti risk managementu, jeho hlavní aspekty a systém spojitého plánování. Zabývá se bezpečností práce v pojetí EU, České republiky a Velké Británie. V aplikační části uvádí řízení rizika v jednom článku logistického řetězce, skladu poskytovatele logistických služeb ve Velké Británii.

  8. Risk management for industrial safety

    International Nuclear Information System (INIS)

    Novogno, A.

    1989-01-01

    The catastrophic accidents which have occurred in the last decade, in both developed and developing countries, have drawn the attention of decision-makers in the safety area to the urgent necessity to assess and manage risks from hazardous industrial activities which are concentrated in large industrialized areas. The aim of this paper is to review experience gained in conducting studies in the area of 'comparisons of risks in energy systems' and on the practical application of 'cost effectiveness of risk reduction analysis among different energy systems' (case studies). It is also the aim of the paper to discuss and propose a general framework for defining an 'integrated approach' to risk assessment and management in highly industrialized regions within a country. (author)

  9. Development of a decision support system for tsunami evacuation: application to the Jiyang District of Sanya city in China

    Science.gov (United States)

    Hou, Jingming; Yuan, Ye; Wang, Peitao; Ren, Zhiyuan; Li, Xiaojuan

    2017-03-01

    Major tsunami disasters often cause great damage in the first few hours following an earthquake. The possible severity of such events requires preparations to prevent tsunami disasters or mitigate them. This paper is an attempt to develop a decision support system for rapid tsunami evacuation for local decision makers. Based on the numerical results database of tsunami disasters, this system can quickly obtain the tsunami inundation and travel time. Because numerical models are calculated in advance, this system can reduce decision-making time. Population distribution, as a vulnerability factor, was analyzed to identify areas of high risk for tsunami disasters. Combined with spatial data, this system can comprehensively analyze the dynamic and static evacuation process and identify problems that negatively impact evacuation, thus supporting the decision-making for tsunami evacuation in high-risk areas. When an earthquake and tsunami occur, this system can rapidly obtain the tsunami inundation and travel time and provide information to assist with tsunami evacuation operations.

  10. Role of Compressibility on Tsunami Propagation

    Science.gov (United States)

    Abdolali, Ali; Kirby, James T.

    2017-12-01

    In the present paper, we aim to reduce the discrepancies between tsunami arrival times evaluated from tsunami models and real measurements considering the role of ocean compressibility. We perform qualitative studies to reveal the phase speed reduction rate via a modified version of the Mild Slope Equation for Weakly Compressible fluid (MSEWC) proposed by Sammarco et al. (2013). The model is validated against a 3-D computational model. Physical properties of surface gravity waves are studied and compared with those for waves evaluated from an incompressible flow solver over realistic geometry for 2011 Tohoku-oki event, revealing reduction in phase speed.Plain Language SummarySubmarine earthquakes and submarine mass failures (SMFs), can generate long gravitational waves (or tsunamis) that propagate at the free surface. Tsunami waves can travel long distances and are known for their dramatic effects on coastal areas. Nowadays, numerical models are used to reconstruct the tsunamigenic events for many scientific and socioeconomic aspects i.e. Tsunami Early Warning Systems, inundation mapping, risk and hazard analysis, etc. A number of typically neglected parameters in these models cause discrepancies between model outputs and observations. Most of the tsunami models predict tsunami arrival times at distant stations slightly early in comparison to observations. In this study, we show how ocean compressibility would affect the tsunami wave propagation speed. In this framework, an efficient two-dimensional model equation for the weakly compressible ocean has been developed, validated and tested for simplified and real cases against three dimensional and incompressible solvers. Taking the effect of compressibility, the phase speed of surface gravity waves is reduced compared to that of an incompressible fluid. Then, we used the model for the case of devastating Tohoku-Oki 2011 tsunami event, improving the model accuracy. This study sheds light for future model development

  11. 12 CFR 917.3 - Risk management.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Risk management. 917.3 Section 917.3 Banks and Banking FEDERAL HOUSING FINANCE BOARD GOVERNANCE AND MANAGEMENT OF THE FEDERAL HOME LOAN BANKS POWERS AND RESPONSIBILITIES OF BANK BOARDS OF DIRECTORS AND SENIOR MANAGEMENT § 917.3 Risk management. (a) Risk management...

  12. [Risk Assessment and Risk Management of Chemicals in China].

    Science.gov (United States)

    Wang, Tie-yu; Zhou, Yun-qiao; Li, Qi-feng; Lü, Yong-long

    2016-02-15

    Risk assessment and risk management have been increasingly approved as an effective approach for appropriate disposal and scientific management of chemicals. This study systematically analyzed the risk assessment methods of chemicals from three aspects including health risk, ecological risk and regional risk. Based on the current situation of classification and management towards chemicals in China, a specific framework of risk management on chemicals was proposed by selecting target chemicals, predominant industries and related stakeholders as the objects. The results of the present study will provide scientific support for improving risk assessment and reasonable management of chemicals in China.

  13. A view on risk management

    International Nuclear Information System (INIS)

    Joksimovich, V.

    1991-01-01

    The world at large has enjoyed the benefits of industrial technology for almost two centuries. The managers of industrial facilities as well as members of the public focused on the benefits and typically ignored or underestimated the inherent risks entailed in deployment of these technologies. Two examples will be given for the sake of illustration. In the chemical industry, the impacts of various chemicals on humans are insufficiently understood. In addition, it was not even known that some hazardous chemicals could be formed in the chemical reactions taking place in various chemical reactors. This is equivalent to not knowing that Cesium-iodide compound can be formed within nuclear fuel nor the impact it might have on humans if released, which is inconceivable in the nuclear industry. In the era of risk recognition, many industrial managers proclaimed that safety is everybody's business. The basic premise behind this was that since everyone is responsible, no one can be blamed for accidents. This is, however, shifting because both economics and litigation are now compelling industrial managers to consider risk in conjunction with the benefit. The government managers in many cases interpreted their charter to reap benefits first and pay the price of risks later; e.g., the case of nuclear weapons production facilities seriously contaminated by radioactive and other hazardous materials. Cost of clean-up was estimated at more than $100 billion. Of course, the authors have similar examples in many other industries, e.g., Superfund project of chemical waste sites. The challenge for the technologists is to maximize the benefit/risk ratio, keeping the risks, real or perceived, acceptably small. This brings us to the issue of acceptable risks, the topic of this paper

  14. Developing Risk Management as a Competitive Capability

    OpenAIRE

    Silva, E.; Wu, Y.; Ojiako, U.

    2013-01-01

    At the level of the firm, three major parameters are found to influence the ability of SMEs to develop risk management competencies; these are enterprise risk management, internal control, and risk culture.

  15. Risk management at GPU Nuclear

    International Nuclear Information System (INIS)

    Long, R.L.

    1991-01-01

    This paper reports on GPU Nuclear. Among other goals, it established the independence of key safety functions as highlighted by the lessons learned from the accident. In particular, an independent Nuclear Assurance Division was established which include Quality Assurance, Training and Education, Emergency Preparedness, and Nuclear Safety Assessment. The latter consisted of corporate and site independent-safety-review groups. As the GPU Nuclear organization matured, a mid-1987 reorganization created an even more focused Planning and Nuclear Safety Division bringing together Nuclear Safety Assessment with Licensing and Regulatory Affairs and Risk Management. The Risk Management Group (RMG), which began its work in fall 1987, was formed to develop a framework for proactive identification, evaluation, and cost-effective reduction and management of risks of all types. The RMG set out to learn as much as possible about risks and their management in nuclear and other high-technology industries. This began with a thorough literature search. It progressed to interviews with individuals and organizations which have demonstrated innovative ideas, experience, and reputations for safe and reliable operation

  16. RISK MANAGEMENT USING PROJECT RECON

    Science.gov (United States)

    2016-11-28

    centralized database . • Project Recon (formerly Risk Recon) is designed to be used by all Program Management Offices, Integrated Project Teams and any...Create growth plans to proactively capture benefits • Customize reports to group opportunities by programmatic, technical, business, contracting, and

  17. Integrated Foreign Exchange Risk Management

    DEFF Research Database (Denmark)

    Aabo, Tom; Høg, Esben; Kuhn, Jochen

    Empirical research has focused on export as a proxy for the exchange rate exposure and the use of foreign exchange derivatives as the instrument to deal with this exposure. This empirical study applies an integrated foreign exchange risk management approach with a particular focus on the role...

  18. CEA: assessment of risk management 2011

    International Nuclear Information System (INIS)

    2012-06-01

    This report proposes an overview of CEA activities in the field of risk management in different areas: impact on the environment, installation safety, management of occupational risks (occupational health and safety), radiological protection of workers, transportation of hazardous materials, waste management, protection of sites, installations and heritage, management of emergency situations, management of law risks, controls and audits. It finally presents the risk management department

  19. PROJECT MANAGER SKILLS, RISK MANAGEMENT TOOLS

    Directory of Open Access Journals (Sweden)

    Vladut Iacob

    2013-12-01

    Full Text Available Although the projects are different from each other there are many common things that contribute to their success. Looked overall, the success of a project is the result of a multitude of factors. This person is considered the "engine" of the project. The man who makes the action set for the achievement of project objectives to be brought to an end. The project manager must have the technical knowledge and economic diverse. He should be able to choose a team and lead. You must be tenacious, combative, to know how to communicate both within the team and beyond. In a word, the project manager must have an impressive stock of knowledge, skills and abilities and appreciate as Peter Drucker, to "exist for the organization. To be its servant. Any management who forget this will only cause damage to the organization. "This study will focus on highlighting the skills of the project manager and their role in managing difficult situations or risk.

  20. Tank waste remediation system risk management plan

    International Nuclear Information System (INIS)

    Zimmerman, B.D.

    1998-01-01

    The purpose of the Tank Waste Remediation System (TWRS) Risk Management Plan is to describe a consistent approach to risk management such that TWRS Project risks are identified and managed to achieve TWRS Project success. The Risk Management Plan implements the requirements of the Tank Waste Remediation System Systems Engineering Management Plan in the area of risk management. Figure ES-1 shows the relationship of the TWRS Risk Management Plan to other major TWRS Project documents. As the figure indicates, the Risk Management Plan is a tool used to develop and control TWRS Project work. It provides guidance on how TWRS Project risks will be assessed, analyzed, and handled, and it specifies format and content for the risk management lists, which are a primary product of the risk management process. In many instances, the Risk Management Plan references the TWRS Risk Management Procedure, which provides more detailed discussion of many risk management activities. The TWRS Risk Management Plan describes an ongoing program within the TWRS Project. The Risk Management Plan also provides guidance in support of the TWRS Readiness To-Proceed (RTP) assessment package

  1. Standardized procedure for tsunami PRA by AESJ

    International Nuclear Information System (INIS)

    Kirimoto, Yukihiro; Yamaguchi, Akira; Ebisawa, Katsumi

    2013-01-01

    After Fukushima Accident (March 11, 2011), the Atomic Energy Society of Japan (AESJ) started to develop the standard of Tsunami Probabilistic Risk Assessment (PRA) for nuclear power plants in May 2011. As Japan is one of the countries with frequent earthquakes, a great deal of efforts has been made in the field of seismic research since the early stage. To our regret, the PRA procedures guide for tsunami has not yet been developed although the importance is held in mind of the PRA community. Accordingly, AESJ established a standard to specify the standardized procedure for tsunami PRA considering the results of investigation into the concept, the requirements that should have and the concrete methods regarding tsunami PRA referring the opinions of experts in the associated fields in December 2011 (AESJ-SC-RK004:2011). (author)

  2. Reducing the risk, managing safety.

    Science.gov (United States)

    Aldridge, Peter

    2016-02-01

    Fire safety in healthcare premises has always been a challenge to those that discharge this duty. Statutory compliance should be a matter of course, but in an ever increasingly challenged NHS, even this is not a given. While the NHS is driven by managing very complex risk to deliver cutting edge healthcare, providers cannot be risk averse. Which risk, however, takes priority? Here Peter Aldridge, fire and corporate services manager at Leeds Teaching Hospitals NHS Trust, and Secretary to the National Association of Healthcare Fire Officers (NAHFO)--which will this month and next jointly stage fire safety seminars with IHEEM; see page 8--considers the key issues, with input from a fire officer at a leading mental health and community Trust.

  3. Risk Management Practices: The Ghanaian Firms' Perspective ...

    African Journals Online (AJOL)

    Using a quantitative approach the findings of the study are that Ghanaian firms understand risk and risk management. Additionally, operational, liquidity and credit risk are the most dominant risks experienced while risk identification and selection jointly determine risk management practices in Ghana. Based on the findings ...

  4. Risk Management of NASA Projects

    Science.gov (United States)

    Sarper, Hueseyin

    1997-01-01

    Various NASA Langley Research Center and other center projects were attempted for analysis to obtain historical data comparing pre-phase A study and the final outcome for each project. This attempt, however, was abandoned once it became clear that very little documentation was available. Next, extensive literature search was conducted on the role of risk and reliability concepts in project management. Probabilistic risk assessment (PRA) techniques are being used with increasing regularity both in and outside of NASA. The value and the usage of PRA techniques were reviewed for large projects. It was found that both civilian and military branches of the space industry have traditionally refrained from using PRA, which was developed and expanded by nuclear industry. Although much has changed with the end of the cold war and the Challenger disaster, it was found that ingrained anti-PRA culture is hard to stop. Examples of skepticism against the use of risk management and assessment techniques were found both in the literature and in conversations with some technical staff. Program and project managers need to be convinced that the applicability and use of risk management and risk assessment techniques is much broader than just in the traditional safety-related areas of application. The time has come to begin to uniformly apply these techniques. The whole idea of risk-based system can maximize the 'return on investment' that the public demands. Also, it would be very useful if all project documents of NASA Langley Research Center, pre-phase A through final report, are carefully stored in a central repository preferably in electronic format.

  5. Seismically generated tsunamis.

    Science.gov (United States)

    Arcas, Diego; Segur, Harvey

    2012-04-13

    People around the world know more about tsunamis than they did 10 years ago, primarily because of two events: a tsunami on 26 December 2004 that killed more than 200,000 people around the shores of the Indian Ocean; and an earthquake and tsunami off the coast of Japan on 11 March 2011 that killed nearly 15,000 more and triggered a nuclear accident, with consequences that are still unfolding. This paper has three objectives: (i) to summarize our current knowledge of the dynamics of tsunamis; (ii) to describe how that knowledge is now being used to forecast tsunamis; and (iii) to suggest some policy changes that might protect people better from the dangers of future tsunamis.

  6. Application of a Tsunami Warning Message Metric to refine NOAA NWS Tsunami Warning Messages

    Science.gov (United States)

    Gregg, C. E.; Johnston, D.; Sorensen, J.; Whitmore, P.

    2013-12-01

    In 2010, the U.S. National Weather Service (NWS) funded a three year project to integrate social science into their Tsunami Program. One of three primary requirements of the grant was to make improvements to tsunami warning messages of the NWS' two Tsunami Warning Centers- the West Coast/Alaska Tsunami Warning Center (WCATWC) in Palmer, Alaska and the Pacific Tsunami Warning Center (PTWC) in Ewa Beach, Hawaii. We conducted focus group meetings with a purposive sample of local, state and Federal stakeholders and emergency managers in six states (AK, WA, OR, CA, HI and NC) and two US Territories (US Virgin Islands and American Samoa) to qualitatively asses information needs in tsunami warning messages using WCATWC tsunami messages for the March 2011 Tohoku earthquake and tsunami event. We also reviewed research literature on behavioral response to warnings to develop a tsunami warning message metric that could be used to guide revisions to tsunami warning messages of both warning centers. The message metric is divided into categories of Message Content, Style, Order and Formatting and Receiver Characteristics. A message is evaluated by cross-referencing the message with the operational definitions of metric factors. Findings are then used to guide revisions of the message until the characteristics of each factor are met. Using findings from this project and findings from a parallel NWS Warning Tiger Team study led by T. Nicolini, the WCATWC implemented the first of two phases of revisions to their warning messages in November 2012. A second phase of additional changes, which will fully implement the redesign of messages based on the metric, is in progress. The resulting messages will reflect current state-of-the-art knowledge on warning message effectiveness. Here we present the message metric; evidence-based rational for message factors; and examples of previous, existing and proposed messages.

  7. Overview of the Hanford risk management plan

    International Nuclear Information System (INIS)

    Halverson, T.G.

    1998-01-01

    The Project Hanford Management Contract called for the enhancement of site-wide decision processes, and development of a Hanford Risk Management Plan to adopt or develop a risk management system for the Hanford Site. This Plan provides a consistent foundation for Site issues and addresses site-wide management of risks of all types. It supports the Department of Energy planning and sitewide decision making policy. Added to this requirement is a risk performance report to characterize the risk management accomplishments. This paper presents the development of risk management within the context of work planning and performance. Also discussed are four risk elements which add value to the context

  8. Risk Management for e-Business

    Directory of Open Access Journals (Sweden)

    2007-01-01

    Full Text Available In the new Internet economy, risk management plays a critical role to protect the organization and its ability to perform their business mission, not just its IT assets. Risk management is the process of identifying risk, assessing risk, and taking steps to reduce risk to an acceptable level. The risk management is an important component of a IT security program. Information and communications technology management and IT security are responsible for ensuring that technology risks are managed appropriately. These risks originate from the deployment and use of IT assets in various ways, such as configuring systems incorrectly or gaining access to restricted software.

  9. Risk Management Practices by Barbadian Banks

    Directory of Open Access Journals (Sweden)

    Anthony Wood

    2013-07-01

    The main findings of the paper are: risk managers perceive risk management as critical to their banks’ performance; the types of risks causing the greatest exposures are credit risk, operational risk, country/sovereign risk, interest rate risk and market risk; there was a high level of success with current risk management practices and these practices have evolved over time in line with the changing economic environment and regulatory updates. Overall, the findings suggest strongly that in light of the current depressed economic climate, banks operating in Barbados are indeed risk-focused or might we say “risk intelligent”.

  10. Tank waste remediation system risk management list

    International Nuclear Information System (INIS)

    Collard, L.B.

    1995-01-01

    The Tank Waste Remedation System (TWRS) Risk Management List and it's subset of critical risks, the Critical Risk Management List, provide a tool to senior RL and WHC management (Level-1 and -2) to manage programmatic risks that may significantly impact the TWRS program. The programmatic risks include cost, schedule, and performance risks. Performance risk includes technical risk, supportability risk (such as maintainability and availability), and external risk (i.e., beyond program control, for example, changes in regulations). The risk information includes a description, its impacts, as evaluation of the likelihood, consequences and risk value, possible mitigating actions, and responsible RL and WHC managers. The issues that typically form the basis for the risks are presented in a separate table and the affected functions are provided on the management lists

  11. Pemetaan Risiko Tsunami terhadap Bangunan secara Kuantitatif

    Directory of Open Access Journals (Sweden)

    Totok Wahyu Wibowo

    2017-12-01

    Full Text Available ABSTRAK Tsunami merupakan bencana alam yang sebagian besar kejadiannya dipicu oleh gempabumi dasar laut. Dampak kerugian tsunami terhadap lingkungan pesisir antara lain rusaknya properti, struktur bangunan, infrastruktur dan dapat mengakibatkan gangguan ekonomi. Bencana tsunami memiliki keunikan dibandingkan bencana lainnya, karena memiliki kemungkinan sangat kecil tetapi dengan ancaman yang tinggi. Paradigma Pengurangan Risiko Bencana (PRB yang berkembang dalam beberapa tahun terakhir yang menekankan bahwa risiko merupakan hal utama dalam penentuan strategi terhadap bencana. Kelurahan Ploso, merupakan salah satu lokasi di Kabupaten Pacitan yang berpotensi terkena bencana tsunami. Pemetaan risiko bangunan dilakukan dengan metode kuantitatif, yang mana disusun atas peta kerentanan dan peta harga bangunan. Papathoma Tsunami Vulnerability 3 (PTVA-3 diadopsi untuk pemetaan kerentanan. Data harga bangunan diperoleh dari kombinasi kerja lapangan dan analisis Sistem Informasi Geografis (SIG. Hasil pemetaan risiko menunjukkan bahwa Lingkungan Barehan memiliki risiko kerugian paling tinggi diantara semua lingkungan di Kelurahan Ploso. Hasil ini dapat dijadikan sebagai acuan untuk penentuan strategi pengurangan risiko bencana di Kelurahan Ploso. ABSTRACT Tsunami is a natural disaster whose occurrences are mostly triggered by submarine earthquakes. The impact of tsunami on coastal environment includes damages to properties, building structures, and infrastructures as well as economic disruptions. Compared to other disasters, tsunamis are deemed unique because they have a very small occurrence probability but with a very high threat. The paradigm of Disaster Risk Reduction (DRR that has developed in the last few years stresses risk as the primary factor to determine disaster strategies. Ploso Sub-district, an area in Pacitan Regency, is potentially affected by tsunamis. The risk mapping of the buildings in this sub-district was created using a quantitative

  12. Risk Management for Food Allergy

    DEFF Research Database (Denmark)

    Risk Management for Food Allergy is developed by a team of scientists and industry professionals who understand the importance of allergen risk assessment and presents practical, real-world guidance for food manufacturers. With more than 12 million Americans suffering from food allergies and little...... appropriate "safe" thresholds of ingredients, the food industry must take increasingly proactive steps to avoid direct or cross-contamination as well as ensuring that their products are appropriately labeled and identified for those at risk. This book covers a range of critical topics in this area, including...... indication of what is causing that number to continue to grow, food producers, packagers and distributors need to appropriately process, label and deliver their products to ensure the safety of customers with allergic conditions. By identifying risk factors during processing as well as determining...

  13. 42 CFR 441.476 - Risk management.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 4 2010-10-01 2010-10-01 false Risk management. 441.476 Section 441.476 Public... Self-Directed Personal Assistance Services Program § 441.476 Risk management. (a) The State must... plan for how identified risks will be mitigated. (d) The State must ensure that the risk management...

  14. Probabilistic risk assessment as an aid to risk management

    International Nuclear Information System (INIS)

    Garrick, B.J.

    1982-01-01

    Probabilistic risk assessments are providing important insights into nuclear power plant safety. Their value is two-fold: first as a means of quantifying nuclear plant risk including contributors to risk, and second as an aid to risk management. A risk assessment provides an analytical plant model that can be the basis for performing meaningful decision analyses for controlling safety. It is the aspect of quantitative risk management that makes probabilistic risk assessment an important technical discipline of the future

  15. Considerations on Integrating Risk and Quality Management

    Directory of Open Access Journals (Sweden)

    Maria POPESCU

    2011-03-01

    Full Text Available This paper aims to highlight the links between risk management and quality management and to study the possibility of their integrated approach. The study reviews the evolution of risk approach within organizations and stresses the need to increase the effectiveness of this approach by incorporating risk management methodology in the quality management system. Starting from this idea, the authors present the current state of risk approach into quality management, basic rules of integrated quality-risk management and major difficulties which may arise in the implementation of integrated quality–risk systems.

  16. Managing risks and hazardous in industrial operations

    Energy Technology Data Exchange (ETDEWEB)

    Almaula, S.C. [Woodward-Clyde International, Oakland, CA (United States)

    1996-12-31

    The main objective of this paper is to demonstrate that it makes good business sense to identify risks and hazards of an operation and take appropriate steps to manage them effectively. Developing and implementing an effective risk and hazard management plan also contibutes to other industry requirements and standards. Development of a risk management system, key elements of a risk management plan, and hazards and risk analysis methods are outlined. Comparing potential risk to the cost of prevention is also discussed. It is estimated that the cost of developing and preparing the first risk management plan varies between $50,000 to $200,000. 3 refs., 2 figs., 1 tab.

  17. Hanford Tanks Initiative risk management guide

    International Nuclear Information System (INIS)

    Schaus, P.S.

    1997-01-01

    This project-specific Risk Management Guide describes the general approach and process being used by the HTI Project to manage risk associated with execution of the HTI mission. It includes the initial identification of risk and the quantification of its likelihood and severity of its consequences. It further addresses the formulation of risk mitigation plans, periodic statusing of the Risk Management List, and risk closure

  18. Managing IT Integration Risk in Acquisitions

    DEFF Research Database (Denmark)

    Henningsson, Stefan; Kettinger, William J.

    2016-01-01

    The article discusses a framework for evaluating risk of information technology (IT) integration in acquisitions. Topics include the use of the experience of serial acquirer Trelleborg AB to show the merits of the framework for managing the risk and to determine low-risk acquisitions......, the importance of managing IT integration risk, and various risk areas for acquisition IT integration....

  19. Risk management in microfinance institutions

    OpenAIRE

    Batin, Artyom

    2014-01-01

    In the following paper I have tried to find the correlation between type of ownership and effective risk management in the operations of microfinance institutions in India. The results found are consistent with the current findings of how the type of ownership does not impact both the financial or social performance of MFIs. Dataset of 72 MFIs was acquired from the Microfinance Information Exchange on MFIs and evaluated using an OLS regression. The results show that the type of ownership insi...

  20. Risk management in nuclear power social aspects

    International Nuclear Information System (INIS)

    Sappa, N.N.

    1996-01-01

    Problems connected with safety evaluation and risk management during operation of nuclear power installations are considered. Social aspects of risk assessment of enterprises with increased danger are discussed

  1. Strategic raw materials. Risk management

    International Nuclear Information System (INIS)

    Bertau, Martin; Matschullat, Joerg; Kausch, Peter

    2014-01-01

    This volume is divided into four chapters: (1) Raw material management, (2) Primary raw materials, (3) Secondary raw materials and recycling, (4). Processing and products. The topics for the chapter ''Raw material management'' are: Substitution of raw materials - framework conditions and implementation; Thales: Strategic raw materials; Time for cooperation between the EU and China in raw materials policy; Availability of elements for the semiconductor industry; Market price risks of raw material-intensive companies - identification and management. The topics on the second item ''Primary raw materials'' are: The supply of economic-critical raw materials - A search and analysis for causes; Lithium extraction from primary raw materials - state and perspectives; The global market of rare earths - A balancing act; Rare earth deposits in Namibia; New technologies in exploration and discovery - Focus on activities in Europe. The third chapter, ''Secondary Raw Materials and Recycling'', covered the topics: Technology metals - Systemic Requirements along the recycling chain; Integrated re-use of high-tech and greentech wastes; From the sewage sludge ash to the phosphorus fertilizer RecoPhos P38 in the stress field of waste, fertilizer and soil protection. In chapter 4. ''Processing and products'' are the topics: Treatment and processing of rare earth metals; Processing of mineral resources - opportunities and challenges; Consequences of modern germanium chemistry; Strategic resources - Risk management. A review and outlook with a pinch of fantasy.. [de

  2. How prepared individuals and communities are for evacuation in tsunami-prone areas in Europe? Findings from the ASTARTE EU Programme

    Science.gov (United States)

    Lavigne, Franck; Grancher, Delphine; Goeldner-Gianella, Lydie; Karanci, Nuray; Dogulu, Nilay; Kanoglu, Utku; Zaniboni, Filippo; Tinti, Stefano; Papageorgiou, Antonia; Papadopoulos, Gerassimos; Constantin, Angela; Moldovan, Iren; El Mouraouah, Azelarab; Benchekroun, Sabah; Birouk, Abdelouahad

    2016-04-01

    Understanding social vulnerability to tsunamis provides risk managers with the required information to determine whether individuals have the capacity to evacuate, and therefore to take mitigation measures to protect their communities. In the frame of the EU programme ASTARTE (Assessment, STrategy And Risk reduction for Tsunamis in Europe), we conducted a questionnaire-based survey among 1,661 people from 41 nationalities living in, working in, or visiting 10 Test Sites from 9 different countries. The questions, which have been translated in 11 languages, focused on tsunami hazard awareness, risk perception, and knowledge of the existing warning systems. Our results confirm our initial hypothesis that low attention is paid in Europe to tsunami risk. Among all type of hazards, either natural or not, tsunami rank first in only one site (Lyngen fjord in Norway), rank third in 3 other sites (Eforie Nord in Romania, Nice and Istanbul), rank 4 in Gulluk Bay, 5 in Sines and Heraklion, and 10 in Siracusa (Sicily) and San Jordi (Balearic Islands). Whatever the respondent's status (i.e. local population, local authorities, or tourists), earthquakes and drawdown of the sea are cited as tsunami warning signs by 43% and 39% of the respondents, respectively. Therefore self-evacuation is not expected for more than half of the population. Considering that most European countries have no early warning system for tsunamis, a disaster is likely to happen in any coastal area exposed to this specific hazard. Furthermore, knowledge of past tsunami events is also very limited: only 22% of people stated that a tsunami has occurred in the past, whereas a deadly tsunami occurs every century in the Mediterranean Sea (e.g. in AD 365, 1660, 1672 or 1956 in the eastern part, 1908, 1979 or 2003 in the western part), and high tsunami waves devastated the Portugal and Moroccan coasts in 1755. Despite this lack of knowledge and awareness of past events, 62% of the respondents think that the site of

  3. Public Perceptions of Tsunamis and the NOAA TsunamiReady Program in Los Angeles

    Science.gov (United States)

    Rosati, A.

    2010-12-01

    After the devastating December 2004 Indian Ocean Tsunami, California and other coastal states began installing "Tsunami Warning Zone" and "Evacuation Route" signs at beaches and major access roads. The geography of the Los Angeles area may not be conducive to signage alone for communication of the tsunami risk and safety precautions. Over a year after installation, most people surveyed did not know about or recognize the tsunami signs. More alarming is that many did not believe a tsunami could occur in the area even though earthquake generated waves have reached nearby beaches as recently as September 2009! UPDATE: FEB. 2010. Fifty two percent of the 147 people surveyed did not believe they would survive a natural disaster in Los Angeles. Given the unique geography of Los Angeles, how can the city and county improve the mental health of its citizens before and after a natural disaster? This poster begins to address the issues of community self-efficacy and resiliency in the face of tsunamis. Of note for future research, the data from this survey showed that most people believed climate change would increase the occurrence of tsunamis. Also, the public understanding of water inundation was disturbingly low. As scientists, it is important to understand the big picture of our research - how it is ultimately communicated, understood, and used by the public.

  4. Tsunami on Sanriku Coast in 1586: Orphan or Ghost Tsunami ?

    Science.gov (United States)

    Satake, K.

    2017-12-01

    The Peruvian earthquake on July 9, 1586 was the oldest earthquake that damaged Lima. The tsunami height was assigned as 24 m in Callao and 1-2 m in Miyagi prefecture in Japan by Soloviev and Go (1975). Dorbath et al. (1990) studied historical earthquakes in Peru and estimated that the 1586 earthquake was similar to the 1974 event (Mw 8.1) with source length of 175 km. They referred two different tsunami heights, 3. 7m and 24 m, in Callao, and judged that the latter was exaggerated. Okal et al. (2006) could not make a source model to explain both tsunami heights in Callao and Japan. More recently, Butler et al. (2017) estimated the age of coral boulders in Hawaii as AD 1572 +/- 21, speculated the tsunami source in Aleutians, and attributed it to the source of the 1586 tsunami in Japan. Historical tsunamis, both near-field and far-field, have been documented along the Sanriku coast since 1586 (e.g., Watanabe, 1998). However, there is no written document for the 1586 tsunami (Tsuji et al., 2013). Ninomiya (1960) compiled the historical tsunami records on the Sanriku coast soon after the 1960 Chilean tsunami, and correlated the legend of tsunami in Tokura with the 1586 Peruvian earthquake, although he noted that the dates were different. About the legend, he referred to Kunitomi(1933) who compiled historical tsunami data after the 1933 Showa Sanriku tsunami. Kunitomi referred to "Tsunami history of Miyagi prefecture" published after the 1896 Meiji Sanriku tsunami. "Tsunami history" described the earthquake and tsunami damage of Tensho earthquake on January 18 (Gregorian),1586 in central Japan, and correlated the tsunami legend in Tokura on June 30, 1586 (G). Following the 2011 Tohoku tsunami, tsunami legend in Tokura was studied again (Ebina, 2015). A local person published a story he heard from his grandfather that many small valleys were named following the 1611 tsunami, which inundated further inland than the 2011 tsunami. Ebina (2015), based on historical documents

  5. Value at Risk models for Energy Risk Management

    OpenAIRE

    Novák, Martin

    2010-01-01

    The main focus of this thesis lies on description of Risk Management in context of Energy Trading. The paper will predominantly discuss Value at Risk and its modifications as a main overall indicator of Energy Risk.

  6. Characteristics of Recent Tsunamis

    Science.gov (United States)

    Sweeney, A. D.; Eble, M. C.; Mungov, G.

    2017-12-01

    How long do tsunamis impact a coast? How often is the largest tsunami wave the first to arrive? How do measurements in the far field differ from those made close to the source? Extending the study of Eblé et al. (2015) who showed the prevalence of a leading negative phase, we assimilate and summarize characteristics of known tsunami events recorded on bottom pressure and coastal water level stations throughout the world oceans to answer these and other questions. An extensive repository of data from the National Centers for Environmental Information (NCEI) archive for tsunami-ready U.S. tide gauge stations, housing more than 200 sites going back 10 years are utilized as are some of the more 3000 marigrams (analog or paper tide gauge records) for tsunami events. The focus of our study is on five tsunamis generated by earthquakes: 2010 Chile (Maule), 2011 East Japan (Tohoku), 2012 Haida Gwaii, 2014 Chile (Iquique), and 2015 Central Chile and one meteorologically generated tsunami on June 2013 along the U.S. East Coast and Caribbean. Reference: Eblé, M., Mungov, G. & Rabinovich, A. On the Leading Negative Phase of Major 2010-2014 Tsunamis. Pure Appl. Geophys. (2015) 172: 3493. https://doi.org/10.1007/s00024-015-1127-5

  7. Risk management in product innovation projects

    NARCIS (Netherlands)

    Halman, J.I.M.; Keizer, J.A.

    1993-01-01

    In product innovation projects risk management has become increasingly important. Technological and commercial developments ask for effective and efficient product innovation. Systematic diagnosing and management of risks can help to make product innovation projects successful. In this paper a

  8. Drug utilization research and risk management

    NARCIS (Netherlands)

    Mazzaglia, Giampiero; Mol, Peter G. M.; Elseviers, Monique; Wettermark, Björn; Almarsdóttir, Anna Birna; Andersen, Morten; Benko, Ria; Bennie, Marion; Eriksson, Irene; Godman, Brian; Krska, Janet; Poluzzi, Elisabetta; Taxis, Katja; Vlahovic-Palcevski, Vera; Stichele, Robert Vander

    2016-01-01

    Good risk management requires continuous evaluation and improvement of planned activities. The evaluation impact of risk management activities requires robust study designs and carefully selected outcome measures. Key learnings and caveats from drug utilization research should be applied to the

  9. Operational Risk Management and Military Aviation Safety

    National Research Council Canada - National Science Library

    Ashley, Park

    1999-01-01

    .... The Army's Class A aviation mishap rate declined after it implemented risk management (RM) principles in 1987. This reduction caught the attention of Air Force leadership who have since stated that the application of operational risk management...

  10. Airburst-Generated Tsunamis

    Science.gov (United States)

    Berger, Marsha; Goodman, Jonathan

    2018-04-01

    This paper examines the questions of whether smaller asteroids that burst in the air over water can generate tsunamis that could pose a threat to distant locations. Such airburst-generated tsunamis are qualitatively different than the more frequently studied earthquake-generated tsunamis, and differ as well from tsunamis generated by asteroids that strike the ocean. Numerical simulations are presented using the shallow water equations in several settings, demonstrating very little tsunami threat from this scenario. A model problem with an explicit solution that demonstrates and explains the same phenomena found in the computations is analyzed. We discuss the question of whether compressibility and dispersion are important effects that should be included, and show results from a more sophisticated model problem using the linearized Euler equations that begins to addresses this.

  11. Influence of Flow Velocity on Tsunami Loss Estimation

    Directory of Open Access Journals (Sweden)

    Jie Song

    2017-11-01

    Full Text Available Inundation depth is commonly used as an intensity measure in tsunami fragility analysis. However, inundation depth cannot be taken as the sole representation of tsunami impact on structures, especially when structural damage is caused by hydrodynamic and debris impact forces that are mainly determined by flow velocity. To reflect the influence of flow velocity in addition to inundation depth in tsunami risk assessment, a tsunami loss estimation method that adopts both inundation depth and flow velocity (i.e., bivariate intensity measures in evaluating tsunami damage is developed. To consider a wide range of possible tsunami inundation scenarios, Monte Carlo-based tsunami simulations are performed using stochastic earthquake slip distributions derived from a spectral synthesis method and probabilistic scaling relationships of earthquake source parameters. By focusing on Sendai (plain coast and Onagawa (ria coast in the Miyagi Prefecture of Japan in a case study, the stochastic tsunami loss is evaluated by total economic loss and its spatial distribution at different scales. The results indicate that tsunami loss prediction is highly sensitive to modelling resolution and inclusion of flow velocity for buildings located less than 1 km from the sea for Sendai and Onagawa of Miyagi Prefecture.

  12. THEORETICAL BASIS FOR MANAGEMENT OF PERSONNEL RISKS

    OpenAIRE

    Haliashova, Katsiaryna

    2017-01-01

    Necessity of personnel risks management is based on research results. The authors' approaches to the determination of personnel risks and to their management have been explored. The author's definition of the concept of "personnel risks" is proposed. A classification of personnel risks is developed depending on the stage of origin and the tasks of the personnel policy, as well as the methods of management personnel risks in the organization. The article presents a methodical approach to perso...

  13. 12 CFR 932.1 - Risk management.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Risk management. 932.1 Section 932.1 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.1 Risk management. Before its new capital plan may take...

  14. Study of International Standards of Risk Management

    Directory of Open Access Journals (Sweden)

    Dykan Volodymyr L.

    2014-01-01

    Full Text Available The goal of the article lies in the study of existing international standards of risk management, an important factor of improvement of risk management in domestic corporations and enterprises and development of recommendations on application of international standards in Ukraine, in particular, within the framework of building corporate systems of risk management. The conducted study shows that approaches on organisation of the process of risk management, used in standards of risk management, are of general character and differ with the degree of detailing. Their undoubted value in development of risk management in Ukraine is identification of a general direction of building corporate systems of risk management in practice. The said approaches at the national and corporate levels of standardisation in Ukraine within the framework of building corporate systems of risk management would allow improvement of risk management in corporations and enterprises. The prospect of further studies of domestic specialists in the field of risk management is development of the domestic standard of risk management with consideration of modern domestic specific features of development of risk management in Ukraine and leading foreign experience.

  15. Construction Management Risk System (CMRS for Construction Management (CM Firms

    Directory of Open Access Journals (Sweden)

    Kyungmo Park

    2017-02-01

    Full Text Available After the global financial crisis of 2008, the need for risk management arose because it was necessary to minimize the losses in construction management (CM firms. This was caused by a decreased amount of orders in the Korean CM market, which intensified order competition between companies. However, research results revealed that risks were not being systematically managed owing to the absence of risk management systems. Thus, it was concluded that it was necessary to develop standard operating systems and implement risk management systems in order to manage risks effectively. Therefore, the purpose of this study was to develop a construction risk management system (CRMS for systematically managing risks. For this purpose, the field operation managers of CM firms were interviewed and surveyed in order to define risk factors. Upon this, a risk assessment priority analysis was performed. Finally, a risk management system that comprised seven modules and 20 sub-modules and was capable of responding systematically to risks was proposed. Furthermore, the effectiveness of this system was verified through on-site inspection. This system allows early response to risks, accountability verification and immediate response to legal disputes with clients by managing risk records.

  16. Development of funding project risk management tools.

    Science.gov (United States)

    2013-11-01

    Funding project risk management is a process for identifying, assessing, and prioritizing project funding risks. To plan to : minimize or eliminate the impact of negative events, one must identify what projects have higher risk to respond to potentia...

  17. Risk management and audit | IDRC - International Development ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    ... a well defined strategic and program framework and sound management processes; and ... A Risk Management Committee supports and monitors the Centre's ... placed on our highly qualified staff in our management of human resources.

  18. Managing risk with renewable resources

    International Nuclear Information System (INIS)

    Brower, M.C.; Bernow, S.; Duckworth, M.; Spinney, P.; Bell, K.

    1997-01-01

    One approach to managing risk is for a utility company to invest in diverse power sources such as wind power plants. Since wind plants consume no fuel, can be built in relatively small increments with short construction lead times, and generate no pollutants, it is often said that they offer significant protection from risks associated with conventional fossil-fuel power plants. With assistance from Convergence Research, Charles River Associates, and the Tellus Institute, the authors tested this hypothesis by conducting an in-depth analysis of the risk implications of a decision to build a 1,600 MW wind power plant instead of a 400 MW gas-fired combined cycle plant. (The two plants were assumed to have equal firm capacity.) The case study utility was Texas Utilities Electric, a very large investor-owned company serving an area with substantial, high-quality wind resources. The uncertain inputs included fuel prices, environmental regulations (specifically, CO 2 and air pollution controls), wind plant output, conventional plant availability, and load growth. Two different market scenarios were examined: traditional regulation and an unregulated wholesale market characterized either by a power pool or fixed-price contracts of varying duration. Conclusions are striking: under traditional regulation, wind energy provides a net present-value risk-reduction benefit of $3.4 to $7.8/MWh

  19. Managing risks: Seveso and Harrisburg

    International Nuclear Information System (INIS)

    Conrads-Herzog, A.; Krebsbach-Gnath, C.

    1980-01-01

    The publications dealing with the technical, organisation-relevant, and social preconditions for risk strategies rely on second-hand information, i.e. the conclusions which are drawn from the production accident in Seveso and the TMI-accident. A comparison results in common facts as well as in fundamental differences. In contrast to the authorities in Italy the authorities in the United States intervened more rapidly; the management of necessary measures was taken over by the authorities and very good information was given. (DG) [de

  20. An evaluation of onshore digital elevation models for tsunami inundation modelling

    Science.gov (United States)

    Griffin, J.; Latief, H.; Kongko, W.; Harig, S.; Horspool, N.; Hanung, R.; Rojali, A.; Maher, N.; Fountain, L.; Fuchs, A.; Hossen, J.; Upi, S.; Dewanto, S. E.; Cummins, P. R.

    2012-12-01

    Tsunami inundation models provide fundamental information about coastal areas that may be inundated in the event of a tsunami along with additional parameters such as flow depth and velocity. This can inform disaster management activities including evacuation planning, impact and risk assessment and coastal engineering. A fundamental input to tsunami inundation models is adigital elevation model (DEM). Onshore DEMs vary widely in resolution, accuracy, availability and cost. A proper assessment of how the accuracy and resolution of DEMs translates into uncertainties in modelled inundation is needed to ensure results are appropriately interpreted and used. This assessment can in turn informdata acquisition strategies depending on the purpose of the inundation model. For example, lower accuracy elevation data may give inundation results that are sufficiently accurate to plan a community's evacuation route but not sufficient to inform engineering of a vertical evacuation shelters. A sensitivity study is undertaken to assess the utility of different available onshore digital elevation models for tsunami inundation modelling. We compare airborne interferometric synthetic aperture radar (IFSAR), ASTER and SRTM against high resolution (historical tsunami run-up data. Large vertical errors (> 10 m) and poor resolution of the coastline in the ASTER and SRTM elevation models cause modelled inundation to be much less compared with models using better data and with observations. Therefore we recommend that ASTER and SRTM should not be used for modelling tsunami inundation in order to determine tsunami extent or any other measure of onshore tsunami hazard. We suggest that for certain disaster management applications where the important factor is the extent of inundation, such as evacuation planning, airborne IFSAR provides a good compromise between cost and accuracy; however the representation of flow parameters such as depth and velocity is not sufficient to inform detailed

  1. Managing project risks and uncertainties

    Directory of Open Access Journals (Sweden)

    Mike Mentis

    2015-01-01

    Full Text Available This article considers threats to a project slipping on budget, schedule and fit-for-purpose. Threat is used here as the collective for risks (quantifiable bad things that can happen and uncertainties (poorly or not quantifiable bad possible events. Based on experience with projects in developing countries this review considers that (a project slippage is due to uncertainties rather than risks, (b while eventuation of some bad things is beyond control, managed execution and oversight are still the primary means to keeping within budget, on time and fit-for-purpose, (c improving project delivery is less about bigger and more complex and more about coordinated focus, effectiveness and developing thought-out heuristics, and (d projects take longer and cost more partly because threat identification is inaccurate, the scope of identified threats is too narrow, and the threat assessment product is not integrated into overall project decision-making and execution. Almost by definition, what is poorly known is likely to cause problems. Yet it is not just the unquantifiability and intangibility of uncertainties causing project slippage, but that they are insufficiently taken into account in project planning and execution that cause budget and time overruns. Improving project performance requires purpose-driven and managed deployment of scarce seasoned professionals. This can be aided with independent oversight by deeply experienced panelists who contribute technical insights and can potentially show that diligence is seen to be done.

  2. Enterprise Content Management Implementation and Risk

    Directory of Open Access Journals (Sweden)

    Jaroslava Klegová

    2015-01-01

    Full Text Available Enterprise Content Management (ECM solutions are commonly used in many areas such as document management, record management, digital asset management, etc. Key features of ECM systems are capturing, indexing, preserving and retrieving of digital information. The state-of-the- art ECM solution can help revolutionize document management and further automated business processes which can lead to better decisions and competitive advantage. Risk management can reduce project failure and that is why controlling risk in ECM implementation projects is considered to be a major contributor to project success. To manage software risk, the first step is to identify a list of ECM projects’ risks. The present paper provides an overview of ECM implementation risks and contains findings from a small survey on experience of ECM implementation and risk in Czech enterprises. Risk of implementation in the public sector is discussed more deeply with case study examples.

  3. Risk management and energy systems

    International Nuclear Information System (INIS)

    Carlevaro, F.; Romerio, F.

    1992-01-01

    In five sessions the following topics were dealt with: risk problems, risk analysis and evaluation tools, risks in industrial societies, risks of energy production, technological risks, ethics and political-social consensus. figs., tabs., refs

  4. PERFORMANCE IN INTERNAL CONTROL AND RISK MANAGEMENT

    Directory of Open Access Journals (Sweden)

    JELER (POPA IOANA

    2017-06-01

    Full Text Available The purpose of this article is to highlight the importance of internal control and risk management. In practice, economic entities meet a variety of risks that have the origins from the internal environment or the external one. Although there are different of views on addressing the concept of risk - threats or opportunities, event or action, accordingly uncertain, proposed by specialists in risk management in this article we try to present these issues and identify techniques to counter risks occurrence. In this article we present also means managing risk and why needs to be implemented at institutional level a risk management. The paper concludes by highlight the role of efficient risk management in the company’s management and company's activities.

  5. Calysto: Risk Management for Commercial Manned Spaceflight

    Science.gov (United States)

    Dillaman, Gary

    2012-01-01

    The Calysto: Risk Management for Commercial Manned Spaceflight study analyzes risk management in large enterprises and how to effectively communicate risks across organizations. The Calysto Risk Management tool developed by NASA's Kennedy Space Center's SharePoint team is used and referenced throughout the study. Calysto is a web-base tool built on Microsoft's SharePoint platform. The risk management process at NASA is examined and incorporated in the study. Using risk management standards from industry and specific organizations at the Kennedy Space Center, three methods of communicating and elevating risk are examined. Each method describes details of the effectiveness and plausibility of using the method in the Calysto Risk Management Tool. At the end of the study suggestions are made for future renditions of Calysto.

  6. The Three Tsunamis

    Science.gov (United States)

    Antcliff, Richard R.

    2007-01-01

    We often talk about how different our world is from our parent's world. We then extrapolate this thinking to our children and try to imagine the world they will face. This is hard enough. However, change is changing! The rate at which change is occurring is accelerating. These new ideas, technologies and ecologies appear to be coming at us like tsunamis. Our approach to responding to these oncoming tsunamis will frame the future our children will live in. There are many of these tsunamis; I am just going to focus on three really big ones heading our way.

  7. Commercializing fuel cells: managing risks

    Science.gov (United States)

    Bos, Peter B.

    Commercialization of fuel cells, like any other product, entails both financial and technical risks. Most of the fuel cell literature has focussed upon technical risks, however, the most significant risks during commercialization may well be associated with the financial funding requirements of this process. Successful commercialization requires an integrated management of these risks. Like any developing technology, fuel cells face the typical 'Catch-22' of commercialization: "to enter the market, the production costs must come down, however, to lower these costs, the cumulative production must be greatly increased, i.e. significant market penetration must occur". Unless explicit steps are taken to address this dilemma, fuel cell commercialization will remain slow and require large subsidies for market entry. To successfully address this commercialization dilemma, it is necessary to follow a market-driven commercialization strategy that identifies high-value entry markets while minimizing the financial and technical risks of market entry. The financial and technical risks of fuel cell commercialization are minimized, both for vendors and end-users, with the initial market entry of small-scale systems into high-value stationary applications. Small-scale systems, in the order of 1-40 kW, benefit from economies of production — as opposed to economies to scale — to attain rapid cost reductions from production learning and continuous technological innovation. These capital costs reductions will accelerate their commercialization through market pull as the fuel cell systems become progressively more viable, starting with various high-value stationary and, eventually, for high-volume mobile applications. To facilitate market penetration via market pull, fuel cell systems must meet market-derived economic and technical specifications and be compatible with existing market and fuels infrastructures. Compatibility with the fuels infrastructure is facilitated by a

  8. Managing Risks in Dry Port Operations

    OpenAIRE

    Ciortescu Cezar-Gabriel; Pãvãla?cu Narcis Sebastian

    2012-01-01

    The purpose of this paper is to have an in-depth look into the phenomenon of risk assessment and risk management strategies in managing dry port operations as an integrated part into international containerized freight trade. The fact that world crises take the form of disruptions, bankruptcies, breakdowns, macroeconomic and political changes, and disasters leads to higher risks and makes risk management more and more difficult. This paper aims to discuss the theory behind the dry port concep...

  9. BEHAVIOURAL INSIGHTS INTO SUPPLY CHAIN RISK MANAGEMENT

    OpenAIRE

    Alexandra-Codruta Popescu (Bîzoi); Cristian-Gabriel Bîzoi

    2015-01-01

    Literature has focused largely on the field of supply chain risk management. Numerous risks occur within supply chain management. Until lately, behavioural risks (implying large amount of losses) have been neglected and considered not relevant. In this paper we provide an analysis of the importance of including behavioural research in logistics and supply chain risk management, what has been written so far and potential future research directions. Until now, literature on logistics and supply...

  10. Probability concepts in quality risk management.

    Science.gov (United States)

    Claycamp, H Gregg

    2012-01-01

    Essentially any concept of risk is built on fundamental concepts of chance, likelihood, or probability. Although risk is generally a probability of loss of something of value, given that a risk-generating event will occur or has occurred, it is ironic that the quality risk management literature and guidelines on quality risk management tools are relatively silent on the meaning and uses of "probability." The probability concept is typically applied by risk managers as a combination of frequency-based calculation and a "degree of belief" meaning of probability. Probability as a concept that is crucial for understanding and managing risk is discussed through examples from the most general, scenario-defining and ranking tools that use probability implicitly to more specific probabilistic tools in risk management. A rich history of probability in risk management applied to other fields suggests that high-quality risk management decisions benefit from the implementation of more thoughtful probability concepts in both risk modeling and risk management. Essentially any concept of risk is built on fundamental concepts of chance, likelihood, or probability. Although "risk" generally describes a probability of loss of something of value, given that a risk-generating event will occur or has occurred, it is ironic that the quality risk management literature and guidelines on quality risk management methodologies and respective tools focus on managing severity but are relatively silent on the in-depth meaning and uses of "probability." Pharmaceutical manufacturers are expanding their use of quality risk management to identify and manage risks to the patient that might occur in phases of the pharmaceutical life cycle from drug development to manufacture, marketing to product discontinuation. A probability concept is typically applied by risk managers as a combination of data-based measures of probability and a subjective "degree of belief" meaning of probability. Probability as

  11. Risk management frameworks for human health and environmental risks.

    Science.gov (United States)

    Jardine, Cindy; Hrudey, Steve; Shortreed, John; Craig, Lorraine; Krewski, Daniel; Furgal, Chris; McColl, Stephen

    2003-01-01

    A comprehensive analytical review of the risk assessment, risk management, and risk communication approaches currently being undertaken by key national, provincial/state, territorial, and international agencies was conducted. The information acquired for review was used to identify the differences, commonalities, strengths, and weaknesses among the various approaches, and to identify elements that should be included in an effective, current, and comprehensive approach applicable to environmental, human health and occupational health risks. More than 80 agencies, organizations, and advisory councils, encompassing more than 100 risk documents, were examined during the period from February 2000 until November 2002. An overview was made of the most important general frameworks for risk assessment, risk management, and risk communication for human health and ecological risk, and for occupational health risk. In addition, frameworks for specific applications were reviewed and summarized, including those for (1)contaminated sites; (2) northern contaminants; (3) priority substances; (4) standards development; (5) food safety; (6) medical devices; (7) prescription drug use; (8) emergency response; (9) transportation; (10) risk communication. Twelve frameworks were selected for more extensive review on the basis of representation of the areas of human health, ecological, and occupational health risk; relevance to Canadian risk management needs; representation of comprehensive and well-defined approaches; generalizability with their risk areas; representation of "state of the art" in Canada, the United States, and/or internationally; and extent of usage of potential usage within Canada. These 12 frameworks were: 1. Framework for Environmental Health Risk Management (US Presidential/Congressional Commission on Risk Assessment and Risk Management, 1997). 2. Health Risk Determination: The Challenge of Health Protection (Health and Welfare Canada, 1990). 3. Health Canada Decision

  12. The Euro-Mediterranean Tsunami Catalogue

    Directory of Open Access Journals (Sweden)

    Alessandra Maramai

    2014-08-01

    Full Text Available A unified catalogue containing 290 tsunamis generated in the European and Mediterranean seas since 6150 B.C. to current days is presented. It is the result of a systematic and detailed review of all the regional catalogues available in literature covering the study area, each of them having their own format and level of accuracy. The realization of a single catalogue covering a so wide area and involving several countries was a complex task that posed a series of challenges, being the standardization and the quality of the data the most demanding. A “reliability” value was used to rate equally the quality of the data for each event and this parameter was assigned based on the trustworthiness of the information related to the generating cause, the tsunami description accuracy and also on the availability of coeval bibliographical sources. Following these criteria we included in the catalogue events whose reliability ranges from 0 (“very improbable tsunami” to 4 (“definite tsunami”. About 900 documentary sources, including historical documents, books, scientific reports, newspapers and previous catalogues, support the tsunami data and descriptions gathered in this catalogue. As a result, in the present paper a list of the 290 tsunamis with their main parameters is reported. The online version of the catalogue, available at http://roma2.rm.ingv.it/en/facilities/data_bases/52/catalogue_of_the_euro-mediterranean_tsunamis, provides additional information such as detailed descriptions, pictures, etc. and the complete list of bibliographical sources. Most of the included events have a high reliability value (3= “probable” and 4= “definite” which makes the Euro-Mediterranean Tsunami Catalogue an essential tool for the implementation of tsunami hazard and risk assessment.

  13. Credit Risk Evaluation : Modeling - Analysis - Management

    OpenAIRE

    Wehrspohn, Uwe

    2002-01-01

    An analysis and further development of the building blocks of modern credit risk management: -Definitions of default -Estimation of default probabilities -Exposures -Recovery Rates -Pricing -Concepts of portfolio dependence -Time horizons for risk calculations -Quantification of portfolio risk -Estimation of risk measures -Portfolio analysis and portfolio improvement -Evaluation and comparison of credit risk models -Analytic portfolio loss distributions The thesis contributes to the evaluatio...

  14. RISK MANAGEMENT OF GERMAN FRUIT PRODUCERS

    Directory of Open Access Journals (Sweden)

    Annkatrin PORSCH

    2018-03-01

    Full Text Available Horticultural farms in Germany face substantial business risks. However, fruit farms often struggle to implement appropriate risk management processes, and the risk management literature widely has ignored this farm type. The aim of the study was to improve the assessment of risks by farmers and the choice of suitable risk management instruments. Therefore, a risk management process based on subjective probabilities and suitable for small and medium-sized farms was developed, considering the specific needs of family run businesses. An online survey was conducted to achieve a comprehensive view of the risk perception and risk management practices of German fruit producers. Price and production risks are the most relevant risk categories for fruit farmers. However, among single risk sources, those in the people risk category were seen as the most important. Results show significant interactions among risk categories and a significant correlation between loss experience and the rating of risk categories. The assumption that risk averse farmers generally rate risks higher than risk neutral or risk seeking farmers cannot be confirmed. Diversification seems to be the most important risk management instrument for many fruit producers, especially diversification of marketing channels, farm income, and production activities. Further research should focus on the apparent inconsistency between the satisfaction with instruments reported by farmers and the actual implementation of many of them (e.g., hail insurance and anti-hail net. Furthermore, there is a need for research, to develop decision models considering the interactions of risks and risk management instruments, loss experience and risk seeking attitudes.

  15. CEA - Assessment of risk management 2013

    International Nuclear Information System (INIS)

    Bigot, Bernard; Bonnevie, Edwige; Maillot, Bernard

    2014-06-01

    After some introducing texts by CEA managers, this report proposes a rather detailed overview and presentation of CEA activities, objectives and obtained results in different fields: protection and control of the environment, installation safety, health, safety and radiation protection, transports of hazardous materials, waste management, protection of sites, installations and heritage, management of emergency situations, management of legal risks, internal controls and audits, activity of the risk management department, CEA activities from research to industry

  16. Development of tsunami hazard analysis

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-08-15

    The NSC (the Nuclear Safety Commission of Japan) demand to survey on tsunami deposits by use of various technical methods (Dec. 2011), because tsunami deposits have useful information on tsunami activity, tsunami source etc. However, there are no guidebooks on tsunami deposit survey in JAPAN. In order to prepare the guidebook of tsunami deposits survey and to develop the method of tsunami source estimation on the basis of tsunami deposits, JNES carried out the following issues; (1) organizing information of paleoseismological record and tsunami deposit by literature research, and (2) field survey on tsunami deposit to prepare the guidebook. As to (1), we especially gear to tsunami deposits distributed in the Pacific coast of Tohoku region, and organize the information gained about tsunami deposits in the database. In addition, as to (2), we consolidate methods for surveying and identifying tsunami deposits in the lake based on results of the field survey in Fukui Pref., carried out by JNES. These results are reflected in the guidebook on the tsunami deposits in the lake as needed. (author)

  17. Development of tsunami hazard analysis

    International Nuclear Information System (INIS)

    2012-01-01

    The NSC (the Nuclear Safety Commission of Japan) demand to survey on tsunami deposits by use of various technical methods (Dec. 2011), because tsunami deposits have useful information on tsunami activity, tsunami source etc. However, there are no guidebooks on tsunami deposit survey in JAPAN. In order to prepare the guidebook of tsunami deposits survey and to develop the method of tsunami source estimation on the basis of tsunami deposits, JNES carried out the following issues; (1) organizing information of paleoseismological record and tsunami deposit by literature research, and (2) field survey on tsunami deposit to prepare the guidebook. As to (1), we especially gear to tsunami deposits distributed in the Pacific coast of Tohoku region, and organize the information gained about tsunami deposits in the database. In addition, as to (2), we consolidate methods for surveying and identifying tsunami deposits in the lake based on results of the field survey in Fukui Pref., carried out by JNES. These results are reflected in the guidebook on the tsunami deposits in the lake as needed. (author)

  18. Community variations in population exposure to near-field tsunami hazards as a function of pedestrian travel time to safety

    Science.gov (United States)

    Wood, Nathan J.; Schmidtlein, Mathew C.

    2013-01-01

    Efforts to characterize population exposure to near-field tsunami threats typically focus on quantifying the number and type of people in tsunami-hazard zones. To develop and prioritize effective risk-reduction strategies, emergency managers also need information on the potential for successful evacuations and how this evacuation potential varies among communities. To improve efforts to properly characterize and differentiate near-field tsunami threats among multiple communities, we assess community variations in population exposure to tsunamis as a function of pedestrian travel time to safety. We focus our efforts on the multiple coastal communities in Grays Harbor and Pacific Counties (State of Washington, USA), where a substantial resident and visitor population is threatened by near-field tsunamis related to a potential Cascadia subduction zone earthquake. Anisotropic, path-distance modeling is conducted to estimate travel times to safety and results are merged with various population data, including residents, employees, public venues, and dependent-care facilities. Results suggest that there is substantial variability among communities in the number of people that may have insufficient time to evacuate. Successful evacuations may be possible in some communities assuming slow-walking speeds, are plausible in others if travel speeds are increased, and are unlikely in another set of communities given the large distances and short time horizon. Emergency managers can use these results to prioritize the location and determine the most appropriate type of tsunami risk-reduction strategies, such as education and training in areas where evacuations are plausible and vertical-evacuation structures in areas where they are not.

  19. [The relevance of clinical risk management].

    Science.gov (United States)

    Gulino, Matteo; Vergallo, Gianluca Montanari; Frati, Paola

    2011-01-01

    Medical activity includes a risk of possible injury or complications for the patients, that should drive the Health Care Institutions to introduce and/ or improve clinical Risk management instruments. Although Italy is still lacking a National project of Clinical Risk Management, a number of efforts have been made by different Italian Regions to introduce instruments of risk management. In addition, most of National Health Care Institutions include actually a Department specifically in charge to manage the clinical risk. Despite the practical difficulties, the results obtained until now suggest that the risk management may represent a useful instrument to contribute to the reduction of errors in clinical conduct. Indeed, the introduction of adequate instruments of prevention and management of clinical risk may help to ameliorate the quality of health care Institution services.

  20. Tsunami simulations of mega-thrust earthquakes in the Nankai–Tonankai Trough (Japan) based on stochastic rupture scenarios

    KAUST Repository

    Goda, Katsuichiro

    2017-02-23

    In this study, earthquake rupture models for future mega-thrust earthquakes in the Nankai–Tonankai subduction zone are developed by incorporating the main characteristics of inverted source models of the 2011 Tohoku earthquake. These scenario ruptures also account for key features of the national tsunami source model for the Nankai–Tonankai earthquake by the Central Disaster Management Council of the Japanese Government. The source models capture a wide range of realistic slip distributions and kinematic rupture processes, reflecting the current best understanding of what may happen due to a future mega-earthquake in the Nankai–Tonankai Trough, and therefore are useful for conducting probabilistic tsunami hazard and risk analysis. A large suite of scenario rupture models is then used to investigate the variability of tsunami effects in coastal areas, such as offshore tsunami wave heights and onshore inundation depths, due to realistic variations in source characteristics. Such investigations are particularly valuable for tsunami hazard mapping and evacuation planning in municipalities along the Nankai–Tonankai coast.

  1. Contradictions Between Risk Management and Sustainable Development

    Energy Technology Data Exchange (ETDEWEB)

    Olsen, Odd Einar; Langhelle, Oluf; Engen, Ole A. [Univ. of Stavanger (Norway). Dept. of Media, Culture and Social Science

    2006-09-15

    The aim of this paper is to discuss how risk management as a methodology and mindset influence on priorities and decisions concerning sustainable development. Management of risks and hazards often rely on partial analysis with a limited time frame. This may lead to a paradoxical situation where risk management and extended use of risk analysis could hamper long term sustainable development. The question is: Does the use of risk and vulnerability analysis (RaV-analysis) hamper or contribute to sustainable development? Because risk management and assessment has a more narrow scope and a limited time perspective based on well established methodologies, the tangible impacts of risk reducing measures in a project is easier to calculate than long-term and intangible impacts on global development. Empirical evidence is still scarce, but our preliminary conclusion is that mainstream risk management and assessments is counterproductive to sustainable development.

  2. Contradictions Between Risk Management and Sustainable Development

    International Nuclear Information System (INIS)

    Olsen, Odd Einar; Langhelle, Oluf; Engen, Ole A.

    2006-01-01

    The aim of this paper is to discuss how risk management as a methodology and mindset influence on priorities and decisions concerning sustainable development. Management of risks and hazards often rely on partial analysis with a limited time frame. This may lead to a paradoxical situation where risk management and extended use of risk analysis could hamper long term sustainable development. The question is: Does the use of risk and vulnerability analysis (RaV-analysis) hamper or contribute to sustainable development? Because risk management and assessment has a more narrow scope and a limited time perspective based on well established methodologies, the tangible impacts of risk reducing measures in a project is easier to calculate than long-term and intangible impacts on global development. Empirical evidence is still scarce, but our preliminary conclusion is that mainstream risk management and assessments is counterproductive to sustainable development

  3. Risk management with options and futures under liquidity risk

    OpenAIRE

    Adam-Müller, A F A; Panaretou, A

    2009-01-01

    Futures hedging creates liquidity risk through marking to market. Liquidity risk matters if interim losses on a futures position have to be financed at a markup over the risk-free rate. This study analyzes the optimal risk management and production decisions of a firm facing joint price and liquidity risk. It provides a rationale for the use of options on futures in imperfect capital markets. If liquidity risk materializes, the firm sells options on futures in order to partly cover this liqui...

  4. Cattle farmers’ perceptions of risk and risk management strategies

    DEFF Research Database (Denmark)

    Bishu, Kinfe G.; O'Reilly, Seamus; Lahiff, Edward

    2018-01-01

    This study analyzes cattle farmers’ perceptions of risk and risk management strategies in Tigray, Northern Ethiopia. We use survey data from a sample of 356 farmers based on multistage random sampling. Factor analysis is employed to classify scores of risk and management strategies, and multiple...... utilization were perceived as the most important strategies for managing risks. Livestock disease and labor shortage were perceived as less of a risk by farmers who adopted the practice of zero grazing compared to other farmers, pointing to the potential of this practice for risk reduction. We find strong...... evidence that farmers engage in multiple risk management practices in order to reduce losses from cattle morbidity and mortality. The results suggest that government strategies that aim at reducing farmers’ risk need to be tailored to specific farm and farmer characteristics. Findings from this study have...

  5. Tsunamis and marine life

    Digital Repository Service at National Institute of Oceanography (India)

    Rao, D.V.S.; Ingole, B.S.; Tang, D.; Satyanarayan, B.; Zhao, H.

    The 26 December 2004 tsunami in the Indian Ocean exerted far reaching temporal and spatial impacts on marine biota. Our synthesis was based on satellite data acquired by the Laboratory for Tropical Marine Environmental Dynamics (LED) of the South...

  6. Hazard evaluation and risk management

    International Nuclear Information System (INIS)

    Fritzsche, A.F.

    1986-01-01

    The eigth chapter deals with the actual handling of hazards. The principal issue concerns man's behaviour towards hazards as an individual formerly and today; the evaluation of expected results of both a positive and a negative kind as determined by the individual's values which may differ and vary greatly from one individual to the next. The evaluation of benefit and hazard as well as the risk management resulting from decision-taking are political processes in the democratic state. Formal decision-taking tools play a major role in this process which concerns such central issues like who will participate; how the decision is arrived at; the participation of citizens; specialist knowledge and participation of the general public. (HSCH) [de

  7. Benchmarking Outdoor Expeditionary Program Risk Management Strategies

    Science.gov (United States)

    Meerts-Brandsma, Lisa; Furman, Nate; Sibthorp, Jim

    2017-01-01

    In 2003, the University of Utah and the National Outdoor Leadership School (NOLS) completed a study that developed a risk management taxonomy in the outdoor adventure industry and assessed how different outdoor expeditionary programs (OEPs) managed risk (Szolosi, Sibthorp, Paisley, & Gookin, 2003). By unifying the language around risk, the…

  8. Information risk management a practitioner's guide

    CERN Document Server

    Sutton, David

    2014-01-01

    Information risk management (IRM) is about identifying, assessing and prioritising risks to keep information secure and available. This accessible book provides practical guidance to the principles and development of a strategic approach to an IRM programme. The only textbook for the BCS Practitioner Certificate in Information Risk Management.

  9. Active Risk Management and Banking Stability

    NARCIS (Netherlands)

    Silva Buston, C.F.

    2013-01-01

    Abstract: This paper analyzes the net impact of two opposing effects of active risk management at banks on their stability: higher risk-taking incentives and better isolation of credit supply from varying economic conditions. We present a model where banks actively manage their portfolio risk by

  10. Risk Management and Financial Derivatives: An Overview

    NARCIS (Netherlands)

    S.M. Hammoudeh (Shawkat); M.J. McAleer (Michael)

    2012-01-01

    textabstractRisk management is crucial for optimal portfolio management. One of the fastest growing areas in empirical finance is the expansion of financial derivatives. The purpose of this special issue on “Risk Management and Financial Derivatives” is to highlight some areas in which novel

  11. Probabilistic tsunami hazard assessment considering time-lag of seismic event on Nankai trough

    International Nuclear Information System (INIS)

    Sugino, Hideharu; Sakagami, Masaharu; Ebisawa, Katsumi; Korenaga, Mariko

    2011-01-01

    In the area in front of Nankai trough, tsunami wave height may increase if tsunamis attacking from some wave sources overlap because of time-lag of seismic event on Nankai trough. To evaluation tsunami risk of the important facilities located in front of Nankai trough, we proposed the probabilistic tsunami hazard assessment considering uncertainty on time-lag of seismic event on Nankai trough and we evaluated the influence that the time-lag gave to tsunami hazard at the some representative points. (author)

  12. Risk management at Lawrence Livermore National Laboratory

    International Nuclear Information System (INIS)

    Cummings, G.E.; Strait, R.S.

    1993-10-01

    Managing risks at a large national laboratory presents a unique set of challenges. These challenges include the management of a broad diversity of activities, the need to balance research flexibility against management control, and a plethora of requirements flowing from regulatory and oversight bodies. This paper will present the experiences of Lawrence Livermore National Laboratory (LLNL) in risk management and in dealing with these challenges. While general risk management has been practiced successfully by all levels of Laboratory management, this paper will focus on the Laboratory's use of probabilistic safety assessment and prioritization techniques and the integration of these techniques into Laboratory operations

  13. Can Asteroid Airbursts Cause Dangerous Tsunami?.

    Energy Technology Data Exchange (ETDEWEB)

    Boslough, Mark B. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)

    2015-10-01

    I have performed a series of high-resolution hydrocode simulations to generate “source functions” for tsunami simulations as part of a proof-of-principle effort to determine whether or not the downward momentum from an asteroid airburst can couple energy into a dangerous tsunami in deep water. My new CTH simulations show enhanced momentum multiplication relative to a nuclear explosion of the same yield. Extensive sensitivity and convergence analyses demonstrate that results are robust and repeatable for simulations with sufficiently high resolution using adaptive mesh refinement. I have provided surface overpressure and wind velocity fields to tsunami modelers to use as time-dependent boundary conditions and to test the hypothesis that this mechanism can enhance the strength of the resulting shallow-water wave. The enhanced momentum result suggests that coupling from an over-water plume-forming airburst could be a more efficient tsunami source mechanism than a collapsing impact cavity or direct air blast alone, but not necessarily due to the originally-proposed mechanism. This result has significant implications for asteroid impact risk assessment and airburst-generated tsunami will be the focus of a NASA-sponsored workshop at the Ames Research Center next summer, with follow-on funding expected.

  14. Community exposure to tsunami hazards in California

    Science.gov (United States)

    Wood, Nathan J.; Ratliff, Jamie; Peters, Jeff

    2013-01-01

    Evidence of past events and modeling of potential events suggest that tsunamis are significant threats to low-lying communities on the California coast. To reduce potential impacts of future tsunamis, officials need to understand how communities are vulnerable to tsunamis and where targeted outreach, preparedness, and mitigation efforts may be warranted. Although a maximum tsunami-inundation zone based on multiple sources has been developed for the California coast, the populations and businesses in this zone have not been documented in a comprehensive way. To support tsunami preparedness and risk-reduction planning in California, this study documents the variations among coastal communities in the amounts, types, and percentages of developed land, human populations, and businesses in the maximum tsunami-inundation zone. The tsunami-inundation zone includes land in 94 incorporated cities, 83 unincorporated communities, and 20 counties on the California coast. According to 2010 U.S. Census Bureau data, this tsunami-inundation zone contains 267,347 residents (1 percent of the 20-county resident population), of which 13 percent identify themselves as Hispanic or Latino, 14 percent identify themselves as Asian, 16 percent are more than 65 years in age, 12 percent live in unincorporated areas, and 51 percent of the households are renter occupied. Demographic attributes related to age, race, ethnicity, and household status of residents in tsunami-prone areas demonstrate substantial range among communities that exceed these regional averages. The tsunami-inundation zone in several communities also has high numbers of residents in institutionalized and noninstitutionalized group quarters (for example, correctional facilities and military housing, respectively). Communities with relatively high values in the various demographic categories are identified throughout the report. The tsunami-inundation zone contains significant nonresidential populations based on 2011 economic

  15. Risk factor management: antiatherogenic therapies.

    Science.gov (United States)

    Gielen, Stephan; Sandri, Marcus; Schuler, Gerhard; Teupser, Daniel

    2009-08-01

    Despite the advances in interventional techniques, the management of stable atherosclerosis remains the domain of optimal guideline-oriented therapy. Recent studies on the effects of aggressive lipid lowering on atheroma volume changes using intravascular ultrasound indicate that it is possible to achieve atherosclerosis regression by reaching low-density lipoprotein (LDL) levels less than 75 mg/dl. The pleiotropic anti-inflammatory effects of statins contribute to the reduction of cardiovascular (CV) event observed with aggressive lipid lowering. As a second important strategy to prevent disease progression, lifestyle changes with regular physical exercise are capable of halting the atherosclerotic process and reducing angina symptoms and CV events. Optimal medical therapy, a healthy lifestyle with regular physical exercise, and coronary interventions are not mutually exclusive treatment strategies. Over the last few decades, both have proved to be effective in significantly reducing the CV mortality in the Western world. However, risk factor modification contributed to at least half the effect in the reduction of CV mortality. This figure provides an estimate of what could be achieved if we were to take risk factor modification more seriously - especially in the acute care setting. The knowledge is there: today we have a better understanding on how to stop progression and even induce regression of atherosclerosis. Much research still needs to be done and will be done. In the meantime, however, our primary focus should lie in implementing what is already known. In addition, it is essential not just to treat CV risk factors, but also to treat them to achieve the target values as set by the guidelines of European Society of Cardiology.

  16. Strategies for successful software development risk management

    Directory of Open Access Journals (Sweden)

    Marija Boban

    2003-01-01

    Full Text Available Nowadays, software is becoming a major part of enterprise business. Software development is activity connected with advanced technology and high level of knowledge. Risks on software development projects must be successfully mitigated to produce successful software systems. Lack of a defined approach to risk management is one of the common causes for project failures. To improve project chances for success, this work investigates common risk impact areas to perceive a foundation that can be used to define a common approach to software risk management. Based on typical risk impact areas on software development projects, we propose three risk management strategies suitable for a broad area of enterprises and software development projects with different amounts of connected risks. Proposed strategies define activities that should be performed for successful risk management, the one that will enable software development projects to perceive risks as soon as possible and to solve problems connected with risk materialization. We also propose a risk-based approach to software development planning and risk management as attempts to address and retire the highest impact risks as early as possible in the development process. Proposed strategies should improve risk management on software development projects and help create a successful software solution.

  17. Risk and/or resilience management

    Directory of Open Access Journals (Sweden)

    Jean-Paul Louisot

    2015-06-01

    Full Text Available Risk management aims at managing all the uncertainties that may interfere with the objectives and missions of the organization. Resilience engineering aims at building its capacity to get over disturbances or stress while keeping the functionalities needed to survive, and possibly thrive. A recently open debate on an Internet blog launched by the risk managers of the Scottish Widows Bank seems to arise from what some professionals see as two competing branches of the management sciences. Whereas through the development of ERM – Enterprise-wide Risk Managementrisk management is emerging at last to become a science, as well as an art and a practice, the mentioned above centered on the role of a newly forged name “resilience management”. This opens a new front of the many debates that could derail the path to maturity of Risk Management as a science and reopen new silos much as Business Impact Analysis, BIA, or continuity management, might do if a clear distinction is not made between science, objectives and tools. However, because organizations are so interconnected today in the supply cloud that it is inevitable that they will face catastrophic risk and this is why resilience needs to be a core objective of any risk management plan? Whereas traditional risk management techniques alone may not be adequate to deal with such pervasive and insipient risk scenarios, resilience is ingrained into ERM

  18. Risk Management in Mergers and Acquisitions

    Directory of Open Access Journals (Sweden)

    Dmitry O. Verdiev

    2015-01-01

    Full Text Available M&A statistics show that less than a third of newly merged companies has realized their planned synergistic effects and increased shareholder value. According to the author, such disgusting situation is due to improper planning and failure of corporate management to understand the importance of risk management in M&A. Lack of practice in identification, evaluation, mitigation and regular monitoring of risks leads to the situation when many companies merge despite the fact that the merger bears substantial risks. Corporate management fails to include risk mitigation expenses in merger costs. In many cases, risk mitigation expenses may be so substantive that the merger loses its attractiveness. Only few companies implement risk management methodology while planning M&A activity. This methodology may anticipate and minimize the consequences of various risk factors that negatively influence integration process. The article suggests an implementation of risk management best practice. This risk management best practice may act as an effective tool of successful realization of synergistic effects in M&A and may be helpful in increasing shareholder value in post-merger period. Risk management is conducted throughout the stages of merger and includes identification, analysis, assessment, management and monitoring of risks. Implementation of risk management at early stages of merger planning significantly decreases uncertainty in relation to achievement of financial and operational goals of newly merged company. The article provides with typical M&A risk matrix that may be adapted for specific M&A project. Risk matrix includes a register of risks sorted by stages of M&A deal, quality assessment of their probability, influence and impact on merger as well as risk mitigation methods.

  19. 77 FR 13585 - Electricity Subsector Cybersecurity Risk Management Process Guideline

    Science.gov (United States)

    2012-03-07

    ... DEPARTMENT OF ENERGY Electricity Subsector Cybersecurity Risk Management Process Guideline AGENCY... Electricity Subsector Cybersecurity Risk Management Process guideline. The guideline describes a risk... Cybersecurity Risk Management Process Guideline. The primary goal of this guideline is to describe a risk...

  20. Hybrid Risk Management Methodology: A Case Study

    Directory of Open Access Journals (Sweden)

    Jacky Siu-Lun Ting

    2009-10-01

    Full Text Available Risk management is a decision-making process involving considerations of political, social, economic and engineering factors with relevant risk assessments relating to a potential hazard. In the last decade, a number of risk management tools are introduced and employed to manage and minimize the uncertainty and threats realization to the organizations. However, the focus of these methodologies are different; in which companies need to adopt various risk management principles to visualize a full picture of the organizational risk level. Regarding to this, this paper presents a new approach of risk management that integrates Hierarchical Holographic Modeling (HHM, Enterprise Risk Management (ERM and Business Recovery Planning (BCP for identifying and assessing risks as well as managing the consequences of realized residual risks. To illustrate the procedures of the proposed methodology, a logistic company ABC Limited is chosen to serve as a case study Through applying HHM and ERM to investigate and assess the risk, ABC Limited can be better evaluated the potential risks and then took the responsive actions (e.g. BCP to handle the risks and crisis in near future.

  1. Continuous Risk Management: A NASA Program Initiative

    Science.gov (United States)

    Hammer, Theodore F.; Rosenberg, Linda

    1999-01-01

    NPG 7120.5A, "NASA Program and Project Management Processes and Requirements" enacted in April, 1998, requires that "The program or project manager shall apply risk management principles..." The Software Assurance Technology Center (SATC) at NASA GSFC has been tasked with the responsibility for developing and teaching a systems level course for risk management that provides information on how to comply with this edict. The course was developed in conjunction with the Software Engineering Institute at Carnegie Mellon University, then tailored to the NASA systems community. This presentation will briefly discuss the six functions for risk management: (1) Identify the risks in a specific format; (2) Analyze the risk probability, impact/severity, and timeframe; (3) Plan the approach; (4) Track the risk through data compilation and analysis; (5) Control and monitor the risk; (6) Communicate and document the process and decisions.

  2. Software And Systems Engineering Risk Management

    Science.gov (United States)

    2010-04-01

    RSKM 2004 COSO Enterprise RSKM Framework 2006 ISO/IEC 16085 Risk Management Process 2008 ISO/IEC 12207 Software Lifecycle Processes 2009 ISO/IEC...1 Software And Systems Engineering Risk Management John Walz VP Technical and Conferences Activities, IEEE Computer Society Vice-Chair Planning...Software & Systems Engineering Standards Committee, IEEE Computer Society US TAG to ISO TMB Risk Management Working Group Systems and Software

  3. Implications of Risk Management Practices on Financial ...

    African Journals Online (AJOL)

    Implications of Risk Management Practices on Financial Performance of Sugar ... The respondents were functional heads of the companies under the survey. ... of downside losses in order to minimize the negative impact of risk on returns.

  4. RISK MANAGEMENT MECHANISM OF GRAIN PROCESSING ENTERPRISES

    Directory of Open Access Journals (Sweden)

    I. P. Bogomolova

    2013-01-01

    Full Text Available In article the main characteristics of a control system by risks (the purpose, properties, the principles, requirements are defined, and also the possible mechanism of risk management of the flour-grinding enterprises is considered.

  5. Business managers turn to risk assessment

    International Nuclear Information System (INIS)

    Allen, Frank

    1993-01-01

    Risk assessments have evolved to help technical managers in nuclear and other industries to design and operate plant with safety in mind. However, they are now developing into the area of business management. (author)

  6. Highly Enhanced Risk Management Emergency Satellite

    DEFF Research Database (Denmark)

    Dalmeir, Michael; Gataullin, Yunir; Indrajit, Agung

    HERMES (Highly Enhanced Risk Management Emergency Satellite) is potential European satellite mission for global flood management, being implemented by Technical University Munich and European Space Agency. With its main instrument - a reliable and precise Synthetic Aperture Radar (SAR) antenna...

  7. Business resilience: Reframing healthcare risk management.

    Science.gov (United States)

    Simeone, Cynthia L

    2015-09-01

    The responsibility of risk management in healthcare is fractured, with multiple stakeholders. Most hospitals and healthcare systems do not have a fully integrated risk management system that spans the entire organizational and operational structure for the delivery of key services. This article provides insight toward utilizing a comprehensive Business Resilience program and associated methodology to understand and manage organizational risk leading to organizational effectiveness and operational efficiencies, with the fringe benefit of realizing sustainable operational capability during adverse conditions. © 2015 American Society for Healthcare Risk Management of the American Hospital Association.

  8. Probabilistic risk assessment methodology for risk management and regulatory applications

    International Nuclear Information System (INIS)

    See Meng Wong; Kelly, D.L.; Riley, J.E.

    1997-01-01

    This paper discusses the development and potential applications of PRA methodology for risk management and regulatory applications in the U.S. nuclear industry. The new PRA methodology centers on the development of This paper discusses the time-dependent configuration risk profile for evaluating the effectiveness of operational risk management programs at U.S. nuclear power plants. Configuration-risk profiles have been used as risk-information tools for (1) a better understanding of the impact of daily operational activities on plant safety, and (2) proactive planning of operational activities to manage risk. Trial applications of the methodology were undertaken to demonstrate that configuration-risk profiles can be developed routinely, and can be useful for various industry and regulatory applications. Lessons learned include a better understanding of the issues and characteristics of PRA models available to industry, and identifying the attributes and pitfalls in the developement of risk profiles

  9. THE ANALYSIS OF RISK MANAGEMENT PROCESS WITHIN MANAGEMENT

    Directory of Open Access Journals (Sweden)

    ROMANESCU MARCEL LAURENTIU

    2016-10-01

    Full Text Available This article highlights the risk analysis within management, focusing on how a company could practicaly integrate the risks management in the existing leading process. Subsequently, it is exemplified the way of manage risk effectively, which gives numerous advantages to all firms, including improving their decision-making process. All these lead to the conclusion that the degree of risk specific to companies is very high, but if managers make the best decisions then it can diminish it and all business activitiy and its income are not influenced by factors that could disturb in a negative way .

  10. Economic Exposure and Integrated Risk Management

    OpenAIRE

    Miller, Kent D.

    1994-01-01

    Most corporate risk management research focuses on particular risk exposures to the exclusion of other interrelated exposures. By contrast, this study models corporate risk exposures using a multivariate approach integrating the distinct exposures of interest to finance and strategy researchers. The paper addresses the implications of multivariate modeling for corporate risk management, some key methodological issues arising in empirical estimation of corporate economic exposrues, and direc...

  11. PERFORMANCE IN INTERNAL CONTROL AND RISK MANAGEMENT

    OpenAIRE

    JELER (POPA) IOANA; FOCŞAN ELEONORA IONELA; CORICI MARIAN CĂTĂLIN

    2017-01-01

    The purpose of this article is to highlight the importance of internal control and risk management. In practice, economic entities meet a variety of risks that have the origins from the internal environment or the external one. Although there are different of views on addressing the concept of risk - threats or opportunities, event or action, accordingly uncertain, proposed by specialists in risk management in this article we try to present these issues and identify techniques to ...

  12. APPLIED ISSUES ABOUT BANKING RISK MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Elena Geanina Clipici

    2017-09-01

    Full Text Available The following paper emphasizes the need to deepen the understanding of the notion of banking risk management by explaining the significant risks the bank encounters during financial exercises as well as their additional entries. The study of the paper will focus on UniCredit Bank during the years 2014 and  2015 on all types of risks, in which we will provide comprehensive data on how the UniCredit Bank management applies its risk policies.

  13. CEA - Assessment of risk management for 2012

    International Nuclear Information System (INIS)

    Bonnevie, Edwige

    2013-06-01

    This report proposes an overview of the main events, actions performed by the CEA, and facts for 2012 regarding protection and monitoring of the environment, installation safety, occupational health and safety, radiological protection of workers, transportation of hazardous materials, waste management, protection of sites, installations and heritage, emergency situation management, legal risk management, internal controls and audits. It also presents the organisation and action of the risk management department within the CEA

  14. Management Ownership and Risk-Shifting Investment

    OpenAIRE

    Nobuyuki Teshima

    2012-01-01

    This study analyzes the relationship between management ownership and its risk-shifting incentive. We first present a simple model showing that the risk-shifting incentive of management of financially distressed firms increases as the management ownership of the firm increases. Empirically, we test the hypothesis that under the former Japanese Corporate Reorganization Law, firms with higher management ownership are more likely to use legal rather than private reorganization. Since the reorgan...

  15. Feedback on flood risk management

    Science.gov (United States)

    Moreau, K.; Roumagnac, A.

    2009-09-01

    For several years, as floods were increasing in South of France, local communities felt deprive to assume their mission of protection and information of citizens, and were looking for assistance in flood management. In term of flood disaster, the fact is that physical protection is necessary but inevitably limited. Tools and structures of assistance to anticipation remain slightly developed. To manage repeated crisis, local authorities need to be able to base their policy against flood on prevention, warnings, post-crisis analysis and feedback from former experience. In this objective, after 3 years of test and improvement since 2003, the initiative Predict-Services was developped in South of France: it aims at helping communities and companies to face repeated flood crisis. The principle is to prepare emergency plans, to organize crisis management and reduce risks; to help and assist communities and companies during crisis to activate and adapt their emergency plans with enough of anticipation; and to analyse floods effects and improve emergency plans afterwards. In order to reduce risks, and to keep the benefits of such an initiative, local communities and companies have to maintain the awareness of risk of the citizens and employees. They also have to maintain their safety plans to keep them constantly operational. This is a part of the message relayed. Companies, Local communities, local government authorities and basin stakeholders are the decision makers. Companies and local communities have to involve themselves in the elaboration of safety plans. They are also completely involved in their activation that is their own responsability. This applies to other local government authorities, like districts one's and basin stakeholders, which participle in the financing community safety plans and adminitrative district which are responsible of the transmission of meteorological alert and of rescue actions. In the crossing of the géo-information stemming from the

  16. Risk Management for the International Space Station

    Science.gov (United States)

    Sebastian, J.; Brezovic, Philip

    2002-01-01

    The International Space Station (ISS) is an extremely complex system, both technically and programmatically. The Space Station must support a wide range of payloads and missions. It must be launched in numerous launch packages and be safely assembled and operated in the harsh environment of space. It is being designed and manufactured by many organizations, including the prime contractor, Boeing, the NASA institutions, and international partners and their contractors. Finally, the ISS has multiple customers, (e.g., the Administration, Congress, users, public, international partners, etc.) with contrasting needs and constraints. It is the ISS Risk Management Office strategy to proactively and systematically manages risks to help ensure ISS Program success. ISS program follows integrated risk management process (both quantitative and qualitative) and is integrated into ISS project management. The process and tools are simple and seamless and permeate to the lowest levels (at a level where effective management can be realized) and follows the continuous risk management methodology. The risk process assesses continually what could go wrong (risks), determine which risks need to be managed, implement strategies to deal with those risks, and measure effectiveness of the implemented strategies. The process integrates all facets of risk including cost, schedule and technical aspects. Support analysis risk tools like PRA are used to support programatic decisions and assist in analyzing risks.

  17. Social Risk and the Management of MNCs

    DEFF Research Database (Denmark)

    Taarup Esbensen, Jacob

    2015-01-01

    Multinational companies (MNCs) are increasing being exposed to risk that originate from local communities in the business environment where they operate. The response has been to implement systems for stakeholder engagement by including social issues into their risk management systems. However......” systems, which are based on the capability to identify frames and sensemaking processes. This paper show how social risk management can be conventionalised using distinct theoretical domains taking its outset in a sociological perspective on risk, linking International Business (IB) risk management...

  18. Mapping tsunami impacts on land cover and related ecosystem service supply in Phang Nga, Thailand

    Science.gov (United States)

    Kaiser, G.; Burkhard, B.; Römer, H.; Sangkaew, S.; Graterol, R.; Haitook, T.; Sterr, H.; Sakuna-Schwartz, D.

    2013-12-01

    The 2004 Indian Ocean tsunami caused damages to coastal ecosystems and thus affected the livelihoods of the coastal communities who depend on services provided by these ecosystems. The paper presents a case study on evaluating and mapping the spatial and temporal impacts of the tsunami on land use and land cover (LULC) and related ecosystem service supply in the Phang Nga province, Thailand. The method includes local stakeholder interviews, field investigations, remote-sensing techniques, and GIS. Results provide an ecosystem services matrix with capacity scores for 18 LULC classes and 17 ecosystem functions and services as well as pre-/post-tsunami and recovery maps indicating changes in the ecosystem service supply capacities in the study area. Local stakeholder interviews revealed that mangroves, casuarina forest, mixed beach forest, coral reefs, tidal inlets, as well as wetlands (peat swamp forest) have the highest capacity to supply ecosystem services, while e.g. plantations have a lower capacity. The remote-sensing based damage and recovery analysis showed a loss of the ecosystem service supply capacities in almost all LULC classes for most of the services due to the tsunami. A fast recovery of LULC and related ecosystem service supply capacities within one year could be observed for e.g. beaches, while mangroves or casuarina forest needed several years to recover. Applying multi-temporal mapping the spatial variations of recovery could be visualised. While some patches of coastal forest were fully recovered after 3 yr, other patches were still affected and thus had a reduced capacity to supply ecosystem services. The ecosystem services maps can be used to quantify ecological values and their spatial distribution in the framework of a tsunami risk assessment. Beyond that they are considered to be a useful tool for spatial analysis in coastal risk management in Phang Nga.

  19. Risks management in project planning

    OpenAIRE

    Stankevičiūtė, Roberta

    2017-01-01

    Project management consists of two very important aspects – managing the right project and managing the project right. To know that you are managing the right project you need to ensure that your project is based on an actual requirement and that your project goal is relevant and beneficial. And professional project planning assists in managing project the right way. The project planning process is very time consuming and is one of the most important parts of the project management process. T...

  20. The total theory about risk management

    International Nuclear Information System (INIS)

    Furuya, Shunsuke

    2003-01-01

    A general working procedure of risk management, some example of other countries, topics and problems in the future are described. A definition of risk, risk assessment, risk management process, setting of aim and definite policy are explained. As a fundamental way of thinking, risk is controlled by ALARP (As Low As Reasonably Practicable). The upper and lower limit of risk level is called as Quantitative Safety Goal and Target Level of Safety, respectively. These limits in the atomic power and airplane are decided. Evaluation of risk, countermeasure and practice are explained. For example, a permissible range of risk and practical use in England, U.S.A, Holland and Japan are stated. Recently, accountability risk, missing demand risk and control risk are important. (S.Y.)

  1. Development of computerized risk management tool

    International Nuclear Information System (INIS)

    Kil Yoo Kim; Mee Jung Hwang; Seung Cheol Jang; Sang Hoon Han; Tae Woon Kim

    1997-01-01

    The author describes the kinds of efforts for the development of computerized risk management tool; (1) development of a risk monitor, Risk Monster, (2) improvement of McFarm (Missing Cutsets Finding Algorithm for Risk Monitor) and finally (3) development of reliability database management system, KwDBMan. Risk Monster supports for plant operators and maintenance schedulers to monitor plant risk and to avoid high peak risk by rearranging maintenance work schedule. Improved McFarm significantly improved calculation speed of Risk Monster for the cases of supporting system OOS (Out Of Service). KwDBMan manages event data, generic data and CCF (Common Cause Failure) data to support Risk Monster as well as PSA tool, KIRAP (KAERI Integrated Reliability Analysis Package)

  2. Building Damage and Business Continuity Management in the Event of Natural Hazards: Case Study of the 2004 Tsunami in Sri Lanka

    Directory of Open Access Journals (Sweden)

    Masami Sugiura

    2013-01-01

    Full Text Available The Sumatra Earthquake and Indian Ocean Tsunami event on the 26 December 2004 has provided a unique and valuable opportunity to evaluate the performance of various structures, facilities and lifeline systems during the tsunami wave attacks. There are especially meaningful observations concerning the structural changes due to the tsunami forces, which open up a wide area of research to develop the mitigation procedure. The business restoration process of business companies in terms of buildings, facilities and lifelines have shown greater research interest. In this study, we investigated the restoration process of business sectors in East and South coastal region in Sri Lanka after the 2004 Indian Ocean Tsunami. A field survey was conducted in East and South coast of Sri Lanka, in order to study the affecting parameters to damage assessment in the restoration process of the business companies. The results of the questionnaire-based field survey are then compared with the statistical analysis results. Finally, the factors affecting the restoration process after the tsunami are identified. As a main conclusion, financial support could be the most important reason for delays in restoration. Moreover, it has been observed that the tsunami inundation level of higher than one meter may have had more effect concerning the damage to the structures and requires additional time for restoration than other areas.

  3. 2004 Sumatra Tsunami

    Directory of Open Access Journals (Sweden)

    Vongvisessomjai, S.

    2005-09-01

    Full Text Available A catastrophic tsunami on December 26, 2004 caused devastation in the coastal region of six southern provinces of Thailand on the Andaman Sea coast. This paper summaries the characteristics of tsunami with the aim of informing and warning the public and reducing future casualties and damage.The first part is a review of the records of past catastrophic tsunamis, namely those in Chile in 1960, Alaska in 1964, and Flores, Java, Indonesia, in 1992, and the lessons drawn from these tsunamis. An analysis and the impact of the 2004 Sumatra tsunami is then presented and remedial measures recommended.Results of this study are as follows:Firstly, the 2004 Sumatra tsunami ranked fourth in terms of earthquake magnitude (9.0 M after those in 1960 in Chile (9.5 M, 1899 in Alaska (9.2 M and 1964 in Alaska (9.1 M and ranked first in terms of damage and casualties. It was most destructive when breaking in shallow water nearshore.Secondly, the best alleviation measures are 1 to set up a reliable system for providing warning at the time of an earthquake in order to save lives and reduce damage and 2 to establish a hazard map and implement land-use zoning in the devastated areas, according to the following principles:- Large hotels located at an elevation of not less than 10 m above mean sea level (MSL- Medium hotels located at an elevation of not less than 6 m above MSL- Small hotel located at elevation below 6 m MSL, but with the first floor elevated on poles to allow passage of a tsunami wave- Set-back distances from shoreline established for various developments- Provision of shelters and evacuation directionsFinally, public education is an essential part of preparedness.

  4. Risk management method for small photovoltaic plants

    Directory of Open Access Journals (Sweden)

    Kirova Milena

    2016-09-01

    Full Text Available Risk management is necessary for achieving the goals of the organization. There are many methods, approaches, and instruments in the literature concerning risk management. However, these are often highly specialized and transferring them to a different field can prove difficult. Therefore, managers often face situations where they have no tools to use for risk management. This is the case with small photovoltaic plants (according to a definition by the Bulgarian State Energy and Water Regulatory Commission small applies to systems with a total installed power of 200 kWp. There are some good practices in the energy field for minimizing risks, but they offer only partial risk prevention and are not sufficient. Therefore a new risk management method needs to be introduced. Small photovoltaic plants offer plenty of advantages in comparison to the other renewable energy sources which makes risk management in their case more important. There is no classification of risks for the exploitation of small photovoltaic systems in the available literature as well as to what degree the damages from those risks could spread. This makes risk analysis and evaluation necessary for obtaining information which could aid taking decisions for improving risk management. The owner of the invested capital takes a decision regarding the degree of acceptable risk for his organization and it must be protected depending on the goals set. Investors in small photovoltaic systems need to decide to what degree the existing risks can influence the goals previously set, the payback of the investment, and what is the acceptable level of damages for the investor. The purpose of this work is to present a risk management method, which currently does not exist in the Bulgaria, so that the risks and the damages that could occur during the exploitation of small photovoltaic plants could be identified and the investment in such technology – justified.

  5. Role of NDT in risk management

    International Nuclear Information System (INIS)

    Porter, Jr. James F.

    2009-01-01

    Risk management is identifying and then managing threats that could severely affect or bring down a company. This involves reviewing the operations of the company to include the process, equipment, procedures and personnel. Potential threats are then identified including their probability of occurrence, and then taking appropriate actions to address the most likely threats. Traditionally, risk management was thought of as mostly getting the right insurance. However, this impression of risk management has changed dramatically. With the recent increase in rules and regulations and optimizing utilization of key resources, risk management is becoming a management practice that is as important as financial or facilities management. In ideal risk management, a prioritization process is followed whereby the risks with the greatest loss and greatest probability of occurring are handled first, and risks with lower probability of occurrence and lower loss are handled in descending order. In practice the process can be very difficult, and balancing between risks with a high probability of occurrence but lower loss versus a risk with high but lower probability of occurrence can often be mishandled. (author)

  6. Financial risk management of pharmacy benefits.

    Science.gov (United States)

    Saikami, D

    1997-10-01

    Financial risk management of pharmacy benefits in integrated health systems is explained. A managed care organization should assume financial risk for pharmacy benefits only if it can manage the risk. Horizontally integrated organizations often do not have much control over the management of drug utilization and costs. Vertically integrated organizations have the greatest ability to manage pharmacy financial risk; virtual integration may also be compatible. Contracts can be established in which the provider is incentivized or placed at partial or full risk. The main concerns that health plans have with respect to pharmacy capitation are formulary management and the question of who should receive rebates from manufacturers. The components needed to managed pharmacy financial risk depend on the type of contract negotiated. Health-system pharmacists are uniquely positioned to take advantage of opportunities opening up through pharmacy risk contracting. Functions most organizations must provide when assuming pharmacy financial risk can be divided into internal and external categories. Internally performed functions include formulary management, clinical pharmacy services and utilization management, and utilization reports for physicians. Functions that can be outsourced include claims processing and administration, provider- and customer support services, and rebates. Organizations that integrate the pharmacy benefit across the health care continuum will be more effective in controlling costs and improving outcomes than organizations that handle this benefit as separate from others. Patient care should not focus on payment mechanisms and unit costs but on developing superior processes and systems that improve health care.

  7. Introduction to “Global tsunami science: Past and future, Volume I”

    Science.gov (United States)

    Geist, Eric L.; Fritz, Hermann; Rabinovich, Alexander B.; Tanioka, Yuichiro

    2016-01-01

    Twenty-five papers on the study of tsunamis are included in Volume I of the PAGEOPH topical issue “Global Tsunami Science: Past and Future”. Six papers examine various aspects of tsunami probability and uncertainty analysis related to hazard assessment. Three papers relate to deterministic hazard and risk assessment. Five more papers present new methods for tsunami warning and detection. Six papers describe new methods for modeling tsunami hydrodynamics. Two papers investigate tsunamis generated by non-seismic sources: landslides and meteorological disturbances. The final three papers describe important case studies of recent and historical events. Collectively, this volume highlights contemporary trends in global tsunami research, both fundamental and applied toward hazard assessment and mitigation.

  8. International year of planet earth 7. Oceans, submarine land-slides and consequent tsunamis in Canada

    Science.gov (United States)

    Mosher, D.C.

    2009-01-01

    Canada has the longest coastline and largest continental margin of any nation in the World. As a result, it is more likely than other nations to experience marine geohazards such as submarine landslides and consequent tsunamis. Coastal landslides represent a specific threat because of their possible proximity to societal infrastructure and high tsunami potential; they occur without warning and with little time lag between failure and tsunami impact. Continental margin landslides are common in the geologic record but rare on human timescales. Some ancient submarine landslides are massive but more recent events indicate that even relatively small slides on continental margins can generate devastating tsunamis. Tsunami impact can occur hundreds of km away from the source event, and with less than 2 hours warning. Identification of high-potential submarine landslide regions, combined with an understanding of landslide and tsunami processes and sophisticated tsunami propagation models, are required to identify areas at high risk of impact.

  9. Risk Management and Uncertainty in Infrastructure Projects

    DEFF Research Database (Denmark)

    Harty, Chris; Neerup Themsen, Tim; Tryggestad, Kjell

    2014-01-01

    The assumption that large complex projects should be managed in order to reduce uncertainty and increase predictability is not new. What is relatively new, however, is that uncertainty reduction can and should be obtained through formal risk management approaches. We question both assumptions...... by addressing a more fundamental question about the role of knowledge in current risk management practices. Inquiries into the predominant approaches to risk management in large infrastructure and construction projects reveal their assumptions about knowledge and we discuss the ramifications these have...... for project and construction management. Our argument and claim is that predominant risk management approaches tends to reinforce conventional ideas of project control whilst undermining other notions of value and relevance of built assets and project management process. These approaches fail to consider...

  10. Risk management in a competitive electricity market

    International Nuclear Information System (INIS)

    Liu, Min; Wu, Felix F.

    2007-01-01

    In a competitive electricity market, it is necessary and important to develop an appropriate risk management scheme for trade with full utilization of the multi-market environment in order to maximize participants' benefits and minimize the corresponding risks. Based on the analyses to trading environments and risks in the electricity market, a layered framework of risk management for electric energy trading is proposed in this paper. Simulation results confirmed that trading among multiple markets is helpful to reduce the complete risk, and VaR provides a useful approach to judge whether the formed risk-control scheme is acceptable. (author)

  11. INVENTORY AND RISK MANAGEMENT: DECREASING DELIVERY RISK OF PURCHASERS

    Directory of Open Access Journals (Sweden)

    Grzegorz MICHALSKI

    2008-12-01

    Full Text Available The basic financial purpose of an enterprise is maximization of its value. Inventory management should also contribute to realization of this fundamental aim. The enterprise value maximization strategy is executed with a focus on risk and uncertainty. This article presents the consequences for the recipients firm that can result from operating risk that is related to delivery risk generated by the suppliers. The present article offers a method that uses portfolio management theory to choose the suppliers.

  12. Data Management in Metagenomics: A Risk Management Approach

    Directory of Open Access Journals (Sweden)

    Filipe Ferreira

    2014-07-01

    Full Text Available In eScience, where vast data collections are processed in scientific workflows, new risks and challenges are emerging. Those challenges are changing the eScience paradigm, mainly regarding digital preservation and scientific workflows. To address specific concerns with data management in these scenarios, the concept of the Data Management Plan was established, serving as a tool for enabling digital preservation in eScience research projects. We claim risk management can be jointly used with a Data Management Plan, so new risks and challenges can be easily tackled. Therefore, we propose an analysis process for eScience projects using a Data Management Plan and ISO 31000 in order to create a Risk Management Plan that can complement the Data Management Plan. The motivation, requirements and validation of this proposal are explored in the MetaGen-FRAME project, focused in Metagenomics.

  13. Overview of Risk Management for Engineered Nanomaterials

    International Nuclear Information System (INIS)

    Schulte, P A; Geraci, C L; Hodson, L L; Zumwalde, R D; Kuempel, E D; Murashov, V; Martinez, K F; Heidel, D S

    2013-01-01

    Occupational exposure to engineered nanomaterials (ENMs) is considered a new and challenging occurrence. Preliminary information from laboratory studies indicates that workers exposed to some kinds of ENMs could be at risk of adverse health effects. To protect the nanomaterial workforce, a precautionary risk management approach is warranted and given the newness of ENMs and emergence of nanotechnology, a naturalistic view of risk management is useful. Employers have the primary responsibility for providing a safe and healthy workplace. This is achieved by identifying and managing risks which include recognition of hazards, assessing exposures, characterizing actual risk, and implementing measures to control those risks. Following traditional risk management models for nanomaterials is challenging because of uncertainties about the nature of hazards, issues in exposure assessment, questions about appropriate control methods, and lack of occupational exposure limits (OELs) or nano-specific regulations. In the absence of OELs specific for nanomaterials, a precautionary approach has been recommended in many countries. The precautionary approach entails minimizing exposures by using engineering controls and personal protective equipment (PPE). Generally, risk management utilizes the hierarchy of controls. Ideally, risk management for nanomaterials should be part of an enterprise-wide risk management program or system and this should include both risk control and a medical surveillance program that assesses the frequency of adverse effects among groups of workers exposed to nanomaterials. In some cases, the medical surveillance could include medical screening of individual workers to detect early signs of work-related illnesses. All medical surveillance should be used to assess the effectiveness of risk management; however, medical surveillance should be considered as a second line of defense to ensure that implemented risk management practices are effective.

  14. Overview of Risk Management for Engineered Nanomaterials

    Science.gov (United States)

    Schulte, P. A.; Geraci, C. L.; Hodson, L. L.; Zumwalde, R. D.; Kuempel, E. D.; Murashov, V.; Martinez, K. F.; Heidel, D. S.

    2013-04-01

    Occupational exposure to engineered nanomaterials (ENMs) is considered a new and challenging occurrence. Preliminary information from laboratory studies indicates that workers exposed to some kinds of ENMs could be at risk of adverse health effects. To protect the nanomaterial workforce, a precautionary risk management approach is warranted and given the newness of ENMs and emergence of nanotechnology, a naturalistic view of risk management is useful. Employers have the primary responsibility for providing a safe and healthy workplace. This is achieved by identifying and managing risks which include recognition of hazards, assessing exposures, characterizing actual risk, and implementing measures to control those risks. Following traditional risk management models for nanomaterials is challenging because of uncertainties about the nature of hazards, issues in exposure assessment, questions about appropriate control methods, and lack of occupational exposure limits (OELs) or nano-specific regulations. In the absence of OELs specific for nanomaterials, a precautionary approach has been recommended in many countries. The precautionary approach entails minimizing exposures by using engineering controls and personal protective equipment (PPE). Generally, risk management utilizes the hierarchy of controls. Ideally, risk management for nanomaterials should be part of an enterprise-wide risk management program or system and this should include both risk control and a medical surveillance program that assesses the frequency of adverse effects among groups of workers exposed to nanomaterials. In some cases, the medical surveillance could include medical screening of individual workers to detect early signs of work-related illnesses. All medical surveillance should be used to assess the effectiveness of risk management; however, medical surveillance should be considered as a second line of defense to ensure that implemented risk management practices are effective.

  15. Model risk analysis for risk management and option pricing

    NARCIS (Netherlands)

    Kerkhof, F.L.J.

    2003-01-01

    Due to the growing complexity of products in financial markets, market participants rely more and more on quantitative models for trading and risk management decisions. This introduces a fairly new type of risk, namely, model risk. In the first part of this thesis we investigate the quantitative

  16. Application of Seismic Array Processing to Tsunami Early Warning

    Science.gov (United States)

    An, C.; Meng, L.

    2015-12-01

    Tsunami wave predictions of the current tsunami warning systems rely on accurate earthquake source inversions of wave height data. They are of limited effectiveness for the near-field areas since the tsunami waves arrive before data are collected. Recent seismic and tsunami disasters have revealed the need for early warning to protect near-source coastal populations. In this work we developed the basis for a tsunami warning system based on rapid earthquake source characterisation through regional seismic array back-projections. We explored rapid earthquake source imaging using onshore dense seismic arrays located at regional distances on the order of 1000 km, which provides faster source images than conventional teleseismic back-projections. We implement this method in a simulated real-time environment, and analysed the 2011 Tohoku earthquake rupture with two clusters of Hi-net stations in Kyushu and Northern Hokkaido, and the 2014 Iquique event with the Earthscope USArray Transportable Array. The results yield reasonable estimates of rupture area, which is approximated by an ellipse and leads to the construction of simple slip models based on empirical scaling of the rupture area, seismic moment and average slip. The slip model is then used as the input of the tsunami simulation package COMCOT to predict the tsunami waves. In the example of the Tohoku event, the earthquake source model can be acquired within 6 minutes from the start of rupture and the simulation of tsunami waves takes less than 2 min, which could facilitate a timely tsunami warning. The predicted arrival time and wave amplitude reasonably fit observations. Based on this method, we propose to develop an automatic warning mechanism that provides rapid near-field warning for areas of high tsunami risk. The initial focus will be Japan, Pacific Northwest and Alaska, where dense seismic networks with the capability of real-time data telemetry and open data accessibility, such as the Japanese HiNet (>800

  17. Scientific Animations for Tsunami Hazard Mitigation: The Pacific Tsunami Warning Center's YouTube Channel

    Science.gov (United States)

    Becker, N. C.; Wang, D.; Shiro, B.; Ward, B.

    2013-12-01

    Outreach and education save lives, and the Pacific Tsunami Warning Center (PTWC) has a new tool--a YouTube Channel--to advance its mission to protect lives and property from dangerous tsunamis. Such outreach and education is critical for coastal populations nearest an earthquake since they may not get an official warning before a tsunami reaches them and will need to know what to do when they feel strong shaking. Those who live far enough away to receive useful official warnings and react to them, however, can also benefit from PTWC's education and outreach efforts. They can better understand a tsunami warning message when they receive one, can better understand the danger facing them, and can better anticipate how events will unfold while the warning is in effect. The same holds true for emergency managers, who have the authority to evacuate the public they serve, and for the news media, critical partners in disseminating tsunami hazard information. PTWC's YouTube channel supplements its formal outreach and education efforts by making its computer animations available 24/7 to anyone with an Internet connection. Though the YouTube channel is only a month old (as of August 2013), it should rapidly develop a large global audience since similar videos on PTWC's Facebook page have reached over 70,000 viewers during organized media events, while PTWC's official web page has received tens of millions of hits during damaging tsunamis. These animations are not mere cartoons but use scientific data and calculations to render graphical depictions of real-world phenomena as accurately as possible. This practice holds true whether the animation is a simple comparison of historic earthquake magnitudes or a complex simulation cycling through thousands of high-resolution data grids to render tsunami waves propagating across an entire ocean basin. PTWC's animations fall into two broad categories. The first group illustrates concepts about seismology and how it is critical to

  18. [Does clinical risk management require a structured conflict management?].

    Science.gov (United States)

    Neumann, Stefan

    2015-01-01

    A key element of clinical risk management is the analysis of errors causing near misses or patient damage. After analyzing the causes and circumstances, measures for process improvement have to be taken. Process management, human resource development and other established methods are used. If an interpersonal conflict is a contributory factor to the error, there is usually no structured conflict management available which includes selection criteria for various methods of conflict processing. The European University Viadrina in Frankfurt (Oder) has created a process model for introducing a structured conflict management system which is suitable for hospitals and could fill the gap in the methodological spectrum of clinical risk management. There is initial evidence that a structured conflict management reduces staff fluctuation and hidden conflict costs. This article should be understood as an impulse for discussion on to what extent the range of methods of clinical risk management should be complemented by conflict management.

  19. ANALYSIS AND MANAGEMENT RISK IN INTERNATIONAL AFFAIRS

    OpenAIRE

    Lăpăduşi Mihaela Loredana,; Căruntu Constantin

    2009-01-01

    The risk is one of the most controversial issues for all persons involved both in domestic and international world economic affairs. The need to analyze, understand and effectively manage risk is growing, the ultimate aim being to obtain a higher degree of successThe risk means exposure to an uncertain future, the opportunity to face danger or suffering a loss ( "Risk - possibility of loss or injury", Webster's, 1995) or the chance that things go wrong ( "Risk is the change that something wil...

  20. Managing flood risks in the Mekong Delta

    NARCIS (Netherlands)

    Hoang, Long Phi; Biesbroek, Robbert; Tri, Van Pham Dang; Kummu, Matti; Vliet, van Michelle T.H.; Leemans, Rik; Kabat, Pavel; Ludwig, Fulco

    2018-01-01

    Climate change and accelerating socioeconomic developments increasingly challenge flood-risk management in the Vietnamese Mekong River Delta—a typical large, economically dynamic and highly vulnerable delta. This study identifies and addresses the emerging challenges for flood-risk management.

  1. Hog Producers' Risk Management Attitudes and Desire for Additional Risk Management Education

    OpenAIRE

    Patrick, George F.; Peiter, Amy J.; Knight, Thomas O.; Coble, Keith H.; Baquet, Alan E.

    2007-01-01

    Hog producers in Indiana and Nebraska were surveyed about sources of risk, effectiveness of risk management strategies, and prior participation in and desire for additional risk management education. Ownership of hogs by the producer, size of the operation, and age did have significant effects on ratings of both sources of risk and effectiveness of risk management strategies. Probit analysis found age, prior attendance, knowledge and prior use of the tool, level of integration, and concern ab...

  2. Place-classification analysis of community vulnerability to near-field tsunami threats in the U.S. Pacific Northwest

    Science.gov (United States)

    Wood, N. J.; Spielman, S.

    2012-12-01

    Near-field tsunami hazards are credible threats to many coastal communities throughout the world. Along the U.S. Pacific Northwest coast, low-lying areas could be inundated by a series of catastrophic tsunamis that begin to arrive in a matter of minutes following a major Cascadia subduction zone (CSZ) earthquake. Previous research has documented the residents, employees, tourists at public venues, customers at local businesses, and vulnerable populations at dependent-care facilities that are in CSZ-related tsunami-prone areas of northern California, Oregon, and the open-ocean coast of Washington. Community inventories of demographic attributes and other characteristics of the at-risk population have helped emergency managers to develop preparedness and outreach efforts. Although useful for distinct risk-reduction issues, these data can be difficult to fully appreciate holistically given the large number of community attributes. This presentation summarizes analytical efforts to classify communities with similar characteristics of community exposure to tsunami hazards. This work builds on past State-focused inventories of community exposure to CSZ-related tsunami hazards in northern California, Oregon, and Washington. Attributes used in the classification, or cluster analysis, fall into several categories, including demography of residents, spatial extent of the developed footprint based on mid-resolution land cover data, distribution of the local workforce, and the number and type of public venues, dependent-care facilities, and community-support businesses. As we were unsure of the number of different types of communities, we used an unsupervised-model-based clustering algorithm and a v-fold, cross-validation procedure (v=50) to identify the appropriate number of community types. Ultimately we selected class solutions that provided the appropriate balance between parsimony and model fit. The goal of the exposure classification is to provide emergency managers with

  3. Large dams and risk management

    International Nuclear Information System (INIS)

    Cazelais, N.

    2003-01-01

    In July 1996, Quebec's Saguenay region was subjected to intensive rainfall which caused severe floods and uncontrolled release of several reservoirs, resulting in extensive damage to dam structures and reservoirs. The probability of occurrence for that disaster was 1:10,000. Following the disaster, the Quebec government established a dam management body entitled the Commission scientifique et technique sur la gestion des barrages, which pointed out several safety shortcomings of existing dams. Many were either very old or had undergone significant function change without being subsequently re-evaluated. A report by the Commission stated that damage following the floods could have been limited if the design and operating standards of the dams had been more stringent. A Dam Safety Act was adopted by the Quebec National Assembly on May 30, 2000 following recommendations to retain safer structures. The Act demands regular reporting of operating procedures. Seismic activity was noted as being a topic that requires in-depth examination since Quebec's St. Lawrence Valley, particularly the Charlevoix region, is one of Canada's largest seismic zones. The other is on the west coast in British Columbia. Earthquakes in Quebec are less intense than the ones in British Columbia, but they have higher frequency content which exerts a quasi-resonance wave effect which impacts roads, bridges, buildings and hydroelectric generating facilities. Hydro-Quebec is a public utility which owns 563 retaining structures, of which 228 are ranked as large dams that measure more than 15 metres high, 400 metres long and with a reservoir capacity of more than 1 million cubic metres of water. Hydro-Quebec addresses hydrological, seismic, technological and human risks through a dam safety procedure that includes structured plans for choosing best alternatives through staged exercises. Hazard levels are minimized through the adoption of emergency, prevention and alleviation measures. The utility

  4. Environmental asset management: Risk management systems

    CSIR Research Space (South Africa)

    Naudé, Brian

    2017-07-01

    Full Text Available bnaude@csir.co.za Charl Petzer Council for Scientific and Industrial Research PO Box 395 Pretoria 0001 South Africa +2712 841 4292 CPetzer1@csir.co.za Copyright © 2017 by B Naudé, C Petzer. Published and used by INCOSE with permission.... Charl Petzer is registered professional engineer with 30 years of programme/project management as well as systems engineering experience in military and other environments. He has been the lead systems engineer, as well as programme manager on several...

  5. RISK MANAGEMENT PROCESSES IN SUPPLY CHAINS

    Directory of Open Access Journals (Sweden)

    Aleksandar Aleksić

    2009-06-01

    Full Text Available One of the keys of successful business last few years is effective dealing with risks in every meaning of that word. At the time when the world economic crisis largely limits business, successful Risk management is the only way of survival for a large number of business systems. This paper will present the processes of risk management in supply chains that are in accordance with the standards ISO 28000 and ISO 31000. By implementing a holistic, enterprise-wide supply chain risk management program, companies also can uphold their commitment to providing strong corporate governance on behalf of stakeholders and increase their market value.

  6. Lessons derived from two high-frequency sea level events in the Atlantic: implications for coastal risk analysis and tsunami detection

    Directory of Open Access Journals (Sweden)

    Begoña Pérez-Gómez

    2016-11-01

    Full Text Available The upgrade and enhancement of sea level networks worldwide for integration in sea level hazard warning systems have significantly increased the possibilities for measuring and analyzing high frequency sea level oscillations, with typical periods ranging from a few minutes to a few hours. Many tide gauges now afford 1 min or more frequent sampling and have shown such events to be a common occurrence. Their origins and spatial distribution are diverse and must be well understood in order to correctly design and interpret, for example, the automatic detection algorithms used by tsunami warning centers. Two events recorded recently in European Atlantic waters are analyzed here: possible wave-induced seiches that occurred along the North coast of Spain during the storms of January and February of 2014, and oscillations detected after an earthquake in the mid-Atlantic the 13th of February of 2015. The former caused significant flooding in towns and villages and a huge increase in wave-induced coastal damage that was reported in the media for weeks. The second was a smaller signal present in several tide gauges along the Atlantic coast that, that coincided with the occurrence of this earthquake, leading to a debate on the potential detection of a very small tsunami and how it might yield significant information for tsunami wave modelers and for the development of tsunami detection software. These kinds of events inform us about the limitations of automatic algorithms for tsunami warning and help to improve the information provided to tsunami warning centers, whilst also emphasizing the importance of other forcings in generating extreme sea levels and their associated potential for causing damage to infrastructure.

  7. Strategic Risk Management and Corporate Value Creation

    DEFF Research Database (Denmark)

    Andersen, Torben Juul; Roggi, Oliviero

    Major corporate failures, periodic recessions, regional debt crises and volatile markets have intensified the focus on corporate risk management as the means to deal better with turbulent business conditions. Hence, the ability to respond effectively to the often dramatic environmental changes...... is considered an important source of competitive advantage. However, surprisingly little research has analyzed if the presumed advantages of effective risk management lead to superior performance or assessed important antecedents of effective risk management capabilities. Here we present a comprehensive study...... of risk management effectiveness and the relationship to corporate performance based on panel data for more than 3,400 firms accounting for over 33,500 annual observations during the turbulent period 1991-2010. Determining effective risk management as the ability to reduce earnings and cash flow...

  8. Risk, innovation and change : design propositions for implementing risk management in organizations

    NARCIS (Netherlands)

    van Staveren, Martinus Theodorus

    2009-01-01

    This Ph.D. research generated unique design propositions for implementing existing risk management methodologies in organizations. The resulting design propositions incorporate a synthesis of risk management, innovation management and change management. True implementation of risk management is

  9. Report by the 'Mega-earthquakes and mega-tsunamis' subgroup; Rapport du sous-groupe Sismique 'Megaseismes et megatsunamis'

    Energy Technology Data Exchange (ETDEWEB)

    Friedel, Jacques; Courtillot, Vincent; Dercourt, Jean; Jaupart, Claude; Le Pichon, Xavier; Poirier, Jean-Paul; Salencon, Jean; Tapponnier, Paul; Dautray, Robert; Carpentier, Alain; Taquet, Philippe; Blanchet, Rene; Le Mouel, Jean-Louis [Academie des sciences, 23, quai de Conti, 75006 Paris (France); BARD, Pierre-Yves [Observatoire des sciences de l' Univers de l' universite de Grenoble - OSUG, Universite Joseph Fourier, BP 53, 38041 Grenoble Cedex 9 (France); Bernard, Pascal; Montagner, Jean-Paul; Armijo, Rolando; Shapiro, Nikolai; Tait, Steve [Institut de physique du globe de Paris, 1, rue Jussieu - 75238 Paris cedex 05 (France); Cara, Michel [Ecole et Observatoire des sciences de la Terre de l' universite de Strasbourg - EOST, F-67084 Strasbourg cedex (France); Madariaga, Raul [Ecole normale superieure, 45, rue d' Ulm / 29, rue d' Ulm, F-75230 Paris cedex 05 (France); Pecker, Alain [Academie des technologies, Grand Palais des Champs Elysees - Porte C - Avenue Franklin D. Roosevelt - 75008 Paris (France); Schindele, Francois [CEA/DAM, DIF/DASE/SLDG, 91297 ARPAJON Cedex (France); Douglas, John [BRGM, 3 avenue Claude-Guillemin - BP 36009 - 45060 Orleans Cedex 2 (France)

    2011-06-15

    This report comprises a presentation of scientific data on subduction earthquakes, on tsunamis and on the Tohoku earthquake. It proposes a detailed description of the French situation (in the West Indies, in metropolitan France, and in terms of soil response), and a discussion of social and economic issues (governance, seismic regulation and nuclear safety, para-seismic protection of constructions). The report is completed by other large documents: presentation of data on the Japanese earthquake, discussion on prediction and governance errors in the management of earthquake mitigation in Japan, discussions on tsunami prevention, on needs of research on accelerometers, and on the seismic risk in France

  10. Challenges of Tsunami Disaster and Extreme climate Events Along Coastal Region in Asia-Pacific

    Science.gov (United States)

    Chaudhari, S.

    2017-12-01

    South Asia is more vulnerable to Geo disasters and impacts of climate changes in recent years. On 26 December 2004 massive waves triggered by an earthquake surged into coastal communities in Asia and East Africa with devastating force. Hitting Indonesia, Sri Lanka , Thailand and India hardest, the deadly waves swept more than 200 000 people to their deaths. Also in an another extreme climate change phenomenon during 2005 - 2006,causing heavy rains and flooding situation in the South Asia - Europe and Pacific region ,more than 100 million population in these regions are witnessing the social- economical and ecological risks and impacts due to climate changes and Geohazards. For mitigating geo-disasters, marine hazards and rehabilitation during post tsunami period, scientific knowledge is needed, requiring experienced research communities who can train the local population during tsunami rehabilitation. Several civil society institutions jointly started the initiatives on the problem identifications in management of risks in geo-disasters, tsunami rehabilitation ,Vulnerability and risk assessments for Geohazards etc., to investigate problems related to social-economic and ecological risks and management issues resulting from the December tsunami and Geo- disaster, to aid mitigation planning in affected areas and to educate scientists and local populations to form a basis for sustainable and economic solutions. The poster aims to assess the potential risk and hazard , technical issues, problems and damage arising from Tsunami in the Asia-pacific region in coastal geology, coastal ecosystems and coastal environmental systems . This poster deals with the status and issues of interactions between Human and Ocean Systems, Geo-risks, marine risks along coastal region of Asia- Pacific and also human influence on the earth system . The poster presentation focuses on capacity building of the local population, scientists and researchers for integration of human and ocean

  11. 78 FR 4848 - Social Media: Consumer Compliance Risk Management Guidance

    Science.gov (United States)

    2013-01-23

    ...: Consumer Compliance Risk Management Guidance AGENCY: Federal Financial Institutions Examination Council... Media: Consumer Compliance Risk Management Guidance'' (guidance). Upon completion of the guidance, and... management practices adequately address the consumer compliance and legal risks, as well as related risks...

  12. Risk assessment and management logistics chains

    Directory of Open Access Journals (Sweden)

    Vladimir Vikulov

    2014-03-01

    Full Text Available Background: In the context of economic globalization and increasing complexity of economic relations enterprises need methods and techniques to improve and sustain their position on the global market. Integration processes offer business new opportunities, but at the same time present new challenges for the management, including the key objectives of the risk management. Method: On the basis of analysis tools known from the pertinent literature (Supply Chain Management and Supply Chain Risk Management methods, methods of probability theory, methods of risk management, methods of statistics the authors of this paper proposed their own risk assessment method and the method of management of logistics chains. The proposed tool is a specific hybrid of solutions known from the literature. Results: The presented method has been successfully used within the frames of economic-mathematical model of industrial enterprises. Indicators of supply chain risks, including risks caused by supplier are considered in this paper. Authors formed a method of optimizing the level of supply chain risk in the integration with suppliers and customers. Conclusion: Every organization, which starting the process of integration with supplier and customers, needs to use tools, methodologies and techniques for identification of "weak links" in the supply chain. The proposed method allows to fix risk origin places in various links of the supply chain and to identify "weak links" of a logistic chain that may occur in the future. The method is a useful tool for managing not only risks and risk situations, but also to improve the efficiency of current assets management by providing the ability to optimize the level of risk in the current assets management of the industrial enterprise.

  13. Internal audit risk management in metropolitan municipalities

    Directory of Open Access Journals (Sweden)

    Christo Ackermann

    2016-07-01

    Full Text Available Internal audit functions (IAFs of organisations are regarded as crucial components of the combined assurance model, alongside the audit committee, management and external auditors. The combined assurance model aims at having integrated and aligned assurance in organisations with the overall aim of maximising risk and governance oversight and control efficiencies. In this regard, internal audit plays a crucial role, insofar as it consists of experts in risk, governance and control consultancy who provide assurance to senior management and the audit committee. Audit committees are dependent on internal audit for information and their effectiveness revolves around a strong and well-resourced internal audit function which is able to aid audit committees to meet their oversight responsibilities. There is thus a growing demand for managing risk through the process of risk management and internal audit is in a perfect position to assist with the improvement of such processes. If internal auditors wish to continue being an important aspect of the combined assurance model, they need to address the critical area, amongst others, of risk management as part of their work. If not, it follows that the board, audit committees and other levels of management will remain uninformed on the status of these matters which, in turn, will negatively impact the ability of these stakeholders to discharge their responsibilities. This study therefore focuses on analysing the functioning of IAFs, with specific reference to their risk management mandate. The study followed a mixed method approach to describe internal audits risk management functioning in the big eight metropolitan municipalities in South Africa. The results show that internal audit provide a broad scope of risk management work which assist senior management in the discharge of their responsibilities. However, in the public eye, internal audits risk management functioning is scant

  14. Decisionmaking under risk in invasive species management: risk management theory and applications

    Science.gov (United States)

    Shefali V. Mehta; Robert G. Haight; Frances R. Homans

    2010-01-01

    Invasive species management is closely entwined with the assessment and management of risk that arises from the inherently random nature of the invasion process. The theory and application of risk management for invasive species with an economic perspective is reviewed in this synthesis. Invasive species management can be delineated into three general categories:...

  15. Examining the realities of risk management

    International Nuclear Information System (INIS)

    Garrick, B.J.

    1985-01-01

    Sufficient experience now exists, especially in the nuclear industry, to consider the progress that has been made toward meaningful tools or aids for the control and, hence, management of risk. The considerable activity in the field of probabilistic risk assessment (PRA) suggests a high level of interest and application. It is the purpose of this paper to examine our own experience in this regard and to offer some observations and opinions about current practices in risk management and the requirements for success

  16. Project risk management in complex petrochemical system

    Directory of Open Access Journals (Sweden)

    Kirin Snežana

    2012-01-01

    Full Text Available Investigation of risk in complex industrial systems, as well as evaluation of main factors influencing decision making and implementation process using large petrochemical company as an example, has proved the importance of successful project risk management. This is even more emphasized when analyzing systems with complex structure, i.e. with several organizational units. It has been shown that successful risk management requires modern methods, based on adequate application of statistical analysis methods.

  17. Systems approach to project risk management

    Energy Technology Data Exchange (ETDEWEB)

    Kindinger, J. P. (John P.)

    2002-01-01

    This paper describes the need for better performance in the planning and execution of projects and examines the capabilities of two different project risk analysis methods for improving project performance. A quantitative approach based on concepts and tools adopted from the disciplines of systems analysis, probabilistic risk analysis, and other fields is advocated for managing risk in large and complex research & development projects. This paper also provides an overview of how this system analysis approach for project risk management is being used at Los Alamos National Laboratory along with examples of quantitative risk analysis results and their application to improve project performance.

  18. Risk Management Practices of Multinational and indigenous ...

    African Journals Online (AJOL)

    Construction projects' high uncertainty rates make them unattractive to non-risk takers. Construction companies are therefore necessarily risk takers, albeit, to varying degrees. This study made an inquiry into the risk management (RM) practices of multinational and indigenous construction companies (MCCs and ICCs, ...

  19. RISKS MANAGEMENT. A PROPENSITY SCORE APPLICATION

    Directory of Open Access Journals (Sweden)

    Constangioara Alexandru

    2008-05-01

    Full Text Available Risk management is relatively unexplored in Romania. Although Romanian specialists dwell on theoretical aspects such as the risks classification and the important distinction between risks and uncertainty the practical relevance of the matter is outside existing studies. Present paper uses a dataset of consumer data to build a propensity scorecard based on relevant quantitative modeling.

  20. Tsunami engineering study in India

    Digital Repository Service at National Institute of Oceanography (India)

    Mandal, S.

    ronmental Laboratory at NOAA, USA has the tsunami - research program ( http://www.pmel.noaa.gov/tsunami/). Th e t sunami research group is part of the Civi l Engineering Department at the Universit y of Southern California where undergra - duate... the engineering point of view. The Tsunami Engineering Labor a tory at the graduate School of Engineering, Tohoku Unive r sit y (http://www.tsunami.civil.tohoku.a c.jp/ hokusai2/main/eng/index.html) offers r e- se arch programmes on tsunami. The Uni - versity...

  1. Tides and tsunamis

    Science.gov (United States)

    Zetler, B. D.

    1972-01-01

    Although tides and tsunamis are both shallow water waves, it does not follow that they are equally amenable to an observational program using an orbiting altimeter on a satellite. A numerical feasibility investigation using a hypothetical satellite orbit, real tide observations, and sequentially increased levels of white noise has been conducted to study the degradation of the tidal harmonic constants caused by adding noise to the tide data. Tsunami waves, possibly a foot high and one hundred miles long, must be measured in individual orbits, thus requiring high relative resolution.

  2. Risks in hospitals. Assessment and Management

    Directory of Open Access Journals (Sweden)

    Bradea Ioana-Alexandra

    2014-12-01

    Full Text Available In a complex world, characterized by a multitude of risks, managers need to manage the risks they encounter, in an efficient way and in the shortest time possible. In the current economic crisis, the concept of hospital risk management, as the process in which is identified, analyzed, reduced, or avoided a risk that may affect the hospital, gained great importance. The Romanian health system, distinguished by: lack of transparency, poor funding, the loss of the valuable medical staff, lack of hospitals in villages and small towns, inability to engage patients due to the old and poor equipment, lack of research and problems in information privacy and cyber-security, requires an appropriate management, enabling risk managers to take decisions in order to avoid the occurrence of risks. Important for the functioning of every hospital is the perception of patients and their degree of satisfaction, regarding the quality of services, which depend largely on the quality of human resources. But what are the human resources weaknesses and risks from the patient point of view? What are the risk indicators which must be monitored to avoid risks? And also, which is the most useful method for measurement and assessment of risk?

  3. Risk Management and Risk Psychology in Romanian Sme’s

    Directory of Open Access Journals (Sweden)

    Irina Dănciulescu

    2015-12-01

    Full Text Available Risk is one of the biggest and most fascinating challenges of all times for humanity, because of its presence in all fields. Risk management as a component of modern management, has become a main concern for the modern world and one of the “key mechanisms” of economic development, a complex processn that includes a series of activities meant to alleviate the impact of risk over business and planed or foreseen results. This paper wants to bring to attention the importance of risks and their management in today’s economic crisis. The sector presented is the IT& C, especially software, because Romania had a growth in this area for a few years but beginning the crisis this segment in economy had known a serious decrease. This paper tries to connect risk management and risk psychology to Romanian economy, culture and mentality. The paper presents in short some of risk management characteristics, definitions and few opinions; why in Romania this subject is not treated with the appropriate attention. The paper at hand focuses on the psychology of risk and how it affects the life of individuals and the existence of companies, the importance it should have on day to day basis, especially in Romania

  4. Nuclear power plant risk assembly and decomposition for risk management

    International Nuclear Information System (INIS)

    Iden, D.C.

    1985-01-01

    The state-of-the-art method for analyzing the risk from nuclear power plants is probabilistic risk assessment (PRA). The intermediate results of a PRA are first assembled to quantify the risk from operating a nuclear power plant in the form of (1) core damage (or core melt) frequency, (2) plant damage state frequencies, (3) release category frequencies, and (4) the frequency of exceeding specific levels of offsite consequences. Once the overall PRA results have been quantified, the next step is to decompose those results into the individual contributors to each of the four forms of risk in some rank order. The way in which the PRA model is set up to assemble and decompose the plant risk determines the ease and usefulness of the PRA model as a risk management tool for evaluating perturbations to the PRA model. These perturbations can take the form of technical specification changes, hardware modifications, procedural changes, etc. The matrix formalism developed by Dr. Stan Kaplan for risk assembly and decomposition represents a significant breakthrough in making the PRA model an effective risk management tool. The key to understanding the matrix formalism and making it a useful tool for managing nuclear power plant risk is the structure of the PRA model. PRA risk model structure and decomposition of the risk results are discussed with the Seabrook PRA as an example

  5. New approaches in geological studies of tsunami deposits

    Science.gov (United States)

    Szczucinski, Witold

    2017-04-01

    During the last dozen of years tsunamis have appeared to be the most disastrous natural process worldwide. The dramatic, large tsunamis on Boxing Day, 2004 in the Indian Ocean and on March 11, 2011 offshore Japan caused catastrophes listed as the worst in terms of the number of victims and the economic losses, respectively. In the aftermath, they have become a topic of high public and scientific interest. The record of past tsunamis, mainly in form of tsunami deposits, is often the only way to identify tsunami risk at a particular coast due to relatively low frequency of their occurrence. The identification of paleotsunami deposits is often difficult mainly because the tsunami deposits are represented by various sediment types, may be similar to storm deposits or altered by post-depositional processes. There is no simple universal diagnostic set of criteria that can be applied to interpret tsunami deposits with certainty. Thus, there is a need to develop new methods, which would enhance 'classical', mainly sedimentological and stratigraphic approach. The objective of the present contribution is to show recent progress and application of new approaches including geochemistry (Chagué-Goff et al. 2017) and paleogenetics (Szczuciński et al. 2016) in studies of geological impacts of recent tsunamis from various geographical regions, namely in monsoonal-tropical, temperate and polar zones. It is mainly based on own studies of coastal zones affected by 2004 Indian Ocean Tsunami in Thailand, 2011 Tohoku-oki tsunami and older paleotsunamis in Japan, catastrophic saltwater inundations at the coasts of Baltic Sea and 2000 landslide-generated tsunami in Vaigat Strait (west Greenland). The study was partly funded by Polish National Science Centre grant No. 2011/01/B/ST10/01553. Chagué-Goff C., Szczuciński W., Shinozaki T., 2017. Applications of geochemistry in tsunami research: A review. Earth-Science Reviews 165: 203-244. Szczuciński W., Pawłowska J., Lejzerowicz F

  6. Tsunamis triggered by the 12 January 2010 Earthquake in Haiti

    Science.gov (United States)

    Fritz, H. M.; Hillaire, J. V.; Molière, E.; Mohammed, F.; Wei, Y.

    2010-12-01

    . Field observations, video recordings, satellite imagery and numerical modelling are presented. The team interviewed numerous eyewitnesses and educated residents about the tsunami hazard. Community-based education and awareness programs are essential to save lives in locales at risk from locally generated tsunamis. Petit Paradis landslide scar with tree located 70m offshore

  7. Models for assessing and managing credit risk

    Directory of Open Access Journals (Sweden)

    Neogradi Slađana

    2014-01-01

    Full Text Available This essay deals with the definition of a model for assessing and managing credit risk. Risk is an inseparable component of any average and normal credit transaction. Looking at the different aspects of the identification and classification of risk in the banking industry as well as representation of the key components of modern risk management. In the first part of the essay will analyze how the impact of credit risk on bank and empirical models for determining the financial difficulties in which the company can be found. Bank on the basis of these models can reduce number of approved risk assets. In the second part, we consider models for improving credit risk with emphasis on Basel I, II and III, and the third part, we conclude that the most appropriate model and gives the best effect for measuring credit risk in domestic banks.

  8. Effect of Variable Manning Coefficients on Tsunami Inundation

    Science.gov (United States)

    Barberopoulou, A.; Rees, D.

    2017-12-01

    Numerical simulations are commonly used to help estimate tsunami hazard, improve evacuation plans, issue or cancel tsunami warnings, inform forecasting and hazard assessments and have therefore become an integral part of hazard mitigation among the tsunami community. Many numerical codes exist for simulating tsunamis, most of which have undergone extensive benchmarking and testing. Tsunami hazard or risk assessments employ these codes following a deterministic or probabilistic approach. Depending on the scope these studies may or may not consider uncertainty in the numerical simulations, the effects of tides, variable friction or estimate financial losses, none of which are necessarily trivial. Distributed manning coefficients, the roughness coefficients used in hydraulic modeling, are commonly used in simulating both riverine and pluvial flood events however, their use in tsunami hazard assessments is primarily part of limited scope studies and for the most part, not a standard practice. For this work, we investigate variations in manning coefficients and their effects on tsunami inundation extent, pattern and financial loss. To assign manning coefficients we use land use maps that come from the New Zealand Land Cover Database (LCDB) and more recent data from the Ministry of the Environment. More than 40 classes covering different types of land use are combined into major classes such as cropland, grassland and wetland representing common types of land use in New Zealand, each of which is assigned a unique manning coefficient. By utilizing different data sources for variable manning coefficients, we examine the impact of data sources and classification methodology on the accuracy of model outputs.

  9. [What Surgeons Should Know about Risk Management].

    Science.gov (United States)

    Strametz, R; Tannheimer, M; Rall, M

    2017-02-01

    Background: The fact that medical treatment is associated with errors has long been recognized. Based on the principle of "first do no harm", numerous efforts have since been made to prevent such errors or limit their impact. However, recent statistics show that these measures do not sufficiently prevent grave mistakes with serious consequences. Preventable mistakes such as wrong patient or wrong site surgery still frequently occur in error statistics. Methods: Based on insight from research on human error, in due consideration of recent legislative regulations in Germany, the authors give an overview of the clinical risk management tools needed to identify risks in surgery, analyse their causes, and determine adequate measures to manage those risks depending on their relevance. The use and limitations of critical incident reporting systems (CIRS), safety checklists and crisis resource management (CRM) are highlighted. Also the rationale for IT systems to support the risk management process is addressed. Results/Conclusion: No single tool of risk management can be effective as a standalone instrument, but unfolds its effect only when embedded in a superordinate risk management system, which integrates tailor-made elements to increase patient safety into the workflows of each organisation. Competence in choosing adequate tools, effective IT systems to support the risk management process as well as leadership and commitment to constructive handling of human error are crucial components to establish a safety culture in surgery. Georg Thieme Verlag KG Stuttgart · New York.

  10. Proposal of methodology of tsunami accident sequence analysis induced by earthquake using DQFM methodology

    International Nuclear Information System (INIS)

    Muta, Hitoshi; Muramatsu, Ken

    2017-01-01

    Since the Fukushima-Daiichi nuclear power station accident, the Japanese regulatory body has improved and upgraded the regulation of nuclear power plants, and continuous effort is required to enhance risk management in the mid- to long term. Earthquakes and tsunamis are considered as the most important risks, and the establishment of probabilistic risk assessment (PRA) methodologies for these events is a major issue of current PRA. The Nuclear Regulation Authority (NRA) addressed the PRA methodology for tsunamis induced by earthquakes, which is one of the methodologies that should be enhanced step by step for the improvement and maturity of PRA techniques. The AESJ standard for the procedure of seismic PRA for nuclear power plants in 2015 provides the basic concept of the methodology; however, details of the application to the actual plant PRA model have not been sufficiently provided. This study proposes a detailed PRA methodology for tsunamis induced by earthquakes using the DQFM methodology, which contributes to improving the safety of nuclear power plants. Furthermore, this study also states the issues which need more research. (author)

  11. Quality Risk Management of Compliant Excipients

    Directory of Open Access Journals (Sweden)

    Brian Carlin

    2012-12-01

    Full Text Available Raw material compliance and GMP do not eliminate variability. Quality by Design should minimize the risk that raw material variability will adversely affect the finished product Critical Quality Attributes. The sources of technological risk from excipients are reviewed and approaches to excipient risk management are discussed. Supplier involvement throughout the product life-cycle is recommended to minimize excipient-related risk.

  12. FINANCIAL RISK MANAGEMENT IN TRADE BANKS

    Directory of Open Access Journals (Sweden)

    Ms. Tamara Ye. Kononenko

    2016-09-01

    Full Text Available The paper clarifies the concepts of «risk», «financial risk» in banking business, and considers the main problems of financial risk management in trade banks while financing borrowers. The authors single out the most relevant problems, and conduct the analysis of overdue payment in case of OJSC “Sberbank of Russia”. The authors also offer a number of measures to minimize financial risks in trade bank activities in modern conditions.

  13. Sustainable Risk Management in the Banking Sector

    Directory of Open Access Journals (Sweden)

    Županović Ivo

    2014-01-01

    Full Text Available The globalization of financial markets and negative consequences of the financial crisis resulted in negative connotations in the operation of many financial institutions, businesses and citizens and imposed the need to implement appropriate risk management measures in the banking sector. Evolution of the financial sector makes a lot of news in the field of risk management and particularly the modelling of market, credit and operational risk. The main methodology for risk management is the value-at-risk, which is used in practice with other techniques such as the capital- at-risk method in order to minimize business risks and achieve optimal results in the banking and, generally, financial operations. Accordingly, at all levels of governance in the banking sector, there are prudential policies in place governing the management of all types of financial and operational risks. Based on the abovementioned, the focus of the examination was on the above postulate, and prompt recognition, control and proper management of banking risks.

  14. The Strategic-Renovation Banks’ Risks Management

    Directory of Open Access Journals (Sweden)

    Yeremeychuk Raisa A.

    2017-04-01

    Full Text Available The article is aimed at developing approaches to implementation of the strategic-renovation risk management. Essence of risk theories was researched, the concept of «risk» in the bank’s management system were analyzed. On the basis of a theoretical generalization of scientific literature and the carried out analysis of existing risk management strategies to ensure the security of banking business, the strategy of renovation management has been selected. Because bank risks are part of the economic risk system, they are complex in their nature. However, given the importance of bank risks, the interpretation of their essence is still a debating matter. In a certain number of cases, their essence is replaced by the cause of occurrence, that is, all the different circumstances, factors that lead to the losses. So today, banks are considering risks, in particular, not only as a source of possible losses, but also as an opportunity to generate additional profits. An algorithm for taking a strategic-renovation decision on the banks’ risks management system has been proposed.

  15. Environmental implications for disaster preparedness: lessons learnt from the Indian Ocean Tsunami.

    Science.gov (United States)

    Srinivas, Hari; Nakagawa, Yuko

    2008-10-01

    The impact of disasters, whether natural or man-made, not only has human dimensions, but environmental ones as well. Environmental conditions may exacerbate the impact of a disaster, and vice versa, disasters tend to have an impact on the environment. Deforestation, forest management practices, or agriculture systems can worsen the negative environmental impacts of a storm or typhoon, leading to landslides, flooding, silting, and ground/surface water contamination. We have only now come to understand these cyclical causes and impacts and realize that taking care of our natural resources and managing them wisely not only assures that future generations will be able to live in sustainable ways, but also reduces the risks that natural and man-made hazards pose to people living today. Emphasizing and reinforcing the centrality of environmental concerns in disaster management has become a critical priority, requiring the sound management of natural resources as a tool to prevent disasters and lessen their impacts on people, their homes, and livelihoods. As the horrors of the Asian tsunami of December 2004 continue to be evaluated, and people in the region slowly attempt to build a semblance of normalcy, we have to look to the lessons learnt from the tsunami disaster as an opportunity to prepare ourselves better for future disasters. This article focuses on findings and lessons learnt on the environmental aspects of the tsunami, and its implications on disaster preparedness plans. This article essentially emphasizes the cyclical interrelations between environments and disasters, by studying the findings and assessments of the recent Indian Ocean earthquake and tsunami that struck on 26 December 2004. It specifically looks at four key affected countries--Maldives, Sri Lanka, Indonesia, and Thailand.

  16. Intentional risk management through complex networks analysis

    CERN Document Server

    Chapela, Victor; Moral, Santiago; Romance, Miguel

    2015-01-01

    This book combines game theory and complex networks to examine intentional technological risk through modeling. As information security risks are in constant evolution,  the methodologies and tools to manage them must evolve to an ever-changing environment. A formal global methodology is explained  in this book, which is able to analyze risks in cyber security based on complex network models and ideas extracted from the Nash equilibrium. A risk management methodology for IT critical infrastructures is introduced which provides guidance and analysis on decision making models and real situations. This model manages the risk of succumbing to a digital attack and assesses an attack from the following three variables: income obtained, expense needed to carry out an attack, and the potential consequences for an attack. Graduate students and researchers interested in cyber security, complex network applications and intentional risk will find this book useful as it is filled with a number of models, methodologies a...

  17. Nowcasting Earthquakes and Tsunamis

    Science.gov (United States)

    Rundle, J. B.; Turcotte, D. L.

    2017-12-01

    . As another application, we can define large rectangular regions of subduction zones and shallow depths to compute the progress of the fault zone towards the next major tsunami-genic earthquake. We can then rank the relative progress of the major subduction zones of the world through their cycles of large earthquakes using this method to determine which zones are most at risk.

  18. Risk management; Maitriser le risque

    Energy Technology Data Exchange (ETDEWEB)

    Magne, L

    1999-07-01

    There is always a risk of an accident occurring at a nuclear power plant, however small. The problem lies in estimating the probability of it occurring. The method of probabilistic safety assessment provides this estimate, and by identifying the sources of potential risk, makes it possible to prevent them from occurring. It is not, however, a substitute for other decision-making processes. (author)

  19. Managers facing the climatic risks

    International Nuclear Information System (INIS)

    2003-01-01

    This colloquium aimed to analyze the relations between the climatic changes and extreme meteorological events and on the associated risks. It provides information and knowledge on the state of the art concerning the today scientific knowledge, the prevention measures and the adaptation facing the risks and the difficult estimation of the climatic damages costs. (A.L.B.)

  20. Risk management and safety culture

    International Nuclear Information System (INIS)

    Takano, K.

    2007-01-01

    Paper informs on the efforts to elaborate a feedback system for risk comprehensive evaluation and a system to improve structure safety foreseeing the possibility to control the latent risk, ensuring the qualitative evaluation of the safety level and improvement of safety culture in various branches of industry, first and foremost, in the electricity producing sector including the nuclear power industry [ru

  1. Credit risk management in the power sector

    International Nuclear Information System (INIS)

    Allen, D.

    2002-01-01

    Deregulation of the electric power industry has the potential to put power businesses at market risk particularly when the value of an asset or liability will change with market movements. Market risk gives rise to credit risk where a contract cannot be fulfilled. This presentation describes how credit risks can be identified and measured. Most practitioners use some variant of value-at-risk (VAR) technology for measuring market risk. Under this approach, risk is determined by the volatility implied by the market. Volatility of electricity prices and natural gas prices has increased significantly in Alberta in recent years. The consequence is an increase in both market and credit risk. The author described the difference between the two risks and their significance. An overview of credit risk management with derivatives, an over-the counter contract, was also presented. The author also discusses issue of protection buyers in the event of a failed contract. 9 figs

  2. Risk management in Swedish hedge funds

    OpenAIRE

    Fri, Samuel; Nilsson, Joakim

    2011-01-01

    Background: Risk management has always been a complex topic, especially when it comes to hedge funds. Since hedge funds are able to utilize many kinds of financial instruments it is difficult to find a risk management strategy that goes well with them. Not much research regarding the Swedish hedge fund industry and its risk management has been done; hence we find it an interesting topic to focus this thesis on. Purpose: The purpose of this thesis is to increase the knowledge of how Swedish he...

  3. Evaluating risk management strategies in resource planning

    International Nuclear Information System (INIS)

    Andrews, C.J.

    1995-01-01

    This paper discusses the evaluation of risk management strategies as a part of integrated resource planning. Value- and scope-related uncertainties can be addressed during the process of planning, but uncertainties in the operating environment require technical analysis within planning models. Flexibility and robustness are two key classes of strategies for managing the risk posed by these uncertainties. This paper reviews standard capacity expansion planning models and shows that they are poorly equipped to compare risk management strategies. Those that acknowledge uncertainty are better at evaluating robustness than flexibility, which implies a bias against flexible options. Techniques are available to overcome this bias

  4. Risk management and analysis: risk assessment (qualitative and quantitative)

    OpenAIRE

    Valentin Mazareanu

    2007-01-01

    We use to define risk as the possibility of suffering a loss. Starting this, risk management is defined as a business process whose purpose is to ensure that the organization is protected against risks and their effects. In order to prioritize, to develop a response plan and after that to monitor the identified risks we need to asses them. But at this point a question is born: should I choose a qualitative approach or a quantitative one? This paper will make a short overview over the risk eva...

  5. Risk perception as a driver for risk management policies

    Science.gov (United States)

    Carmona, María; Mañez, María

    2016-04-01

    Risk is generally defined as the "combination of the probability of the occurrence of an event and its negative consequences" ( UNISDR, 2009). However, the perception of a risk differs among cultures regarding different features such as the context,causes, benefits or damage. Risk perception is the subjective valuation of the probability of an event happening and how concerned individuals or groups are with the consequences (Sjöberg, 2004). Our study is based on an existing framework for risk perception (Rehn and Rohrmann, 2000). We analyse the characteristics of the risk perception regarding extreme events (e.g.droughts) and how the perception of the group drives the action to manage the risk. We do this to achieve an overview of the conditions that let stakeholders join each other to improve risk management especially when governments are not reacting properly. For our research, attention is paid on risk perception of Multi-Sector Partnerships not taking into account the individual level of risk perception. We focus on those factors that make risk management effective and increase resilience. Multi-Sector Partnerships, considered as significant governance structures for risk management, might contribute to reduce vulnerability in prone areas to natural hazards and disasters. The Multi-Sector Partnerships used for our research are existing partnerships identified in the cases studies of the European project ENHANCE. We implement a survey to analyse the perception of risk in the case studies. That survey is based on the Cultural Theory (Douglas and Wildavsky, 1982)and the Protection Motivation Theory (Rogers, 1975). We analyse the results using the Qualitative-Comparative Analysis proposed by Ragin in 1987. The results show the main characteristics of a risk culture that are beneficial to manage a risk. Those characteristics are shaped by the perception of risk of the people involved in the partnership, which in turn shapes their risk management. Nevertheless, we

  6. Practical Risk Management for the CIO

    CERN Document Server

    Scherling, Mark

    2007-01-01

    The growing complexity of today's interconnected systems has not only increased the need for improved information security, but also helped to move information from the IT backroom to the executive boardroom as a strategic asset. And, just like the tip of an iceberg is all you see until you run into it, the risks to your information are mostly invisible until disaster strikes. Detailing procedures that will help your team perform better risk assessments and aggregate results into more meaningful metrics, Practical Risk Management for the CIO approaches information risk management through impro

  7. Practical Methods for Information Security Risk Management

    Directory of Open Access Journals (Sweden)

    Cristian AMANCEI

    2011-01-01

    Full Text Available The purpose of this paper is to present some directions to perform the risk man-agement for information security. The article follows to practical methods through question-naire that asses the internal control, and through evaluation based on existing controls as part of vulnerability assessment. The methods presented contains all the key elements that concurs in risk management, through the elements proposed for evaluation questionnaire, list of threats, resource classification and evaluation, correlation between risks and controls and residual risk computation.

  8. Alternative Tsunami Models

    Science.gov (United States)

    Tan, A.; Lyatskaya, I.

    2009-01-01

    The interesting papers by Margaritondo (2005 "Eur. J. Phys." 26 401) and by Helene and Yamashita (2006 "Eur. J. Phys." 27 855) analysed the great Indian Ocean tsunami of 2004 using a simple one-dimensional canal wave model, which was appropriate for undergraduate students in physics and related fields of discipline. In this paper, two additional,…

  9. Managing risk in statistics - "Relative risk" | Durrheim | South African ...

    African Journals Online (AJOL)

    South African Family Practice. Journal Home · ABOUT THIS JOURNAL · Advanced Search · Current Issue · Archives · Journal Home > Vol 45, No 8 (2003) >. Log in or Register to get access to full text downloads. Username, Password, Remember me, or Register. Managing risk in statistics - "Relative risk". DN Durrheim ...

  10. The application of holistic risk management in the banking industry

    Directory of Open Access Journals (Sweden)

    J. Chibayambuya

    2007-12-01

    Full Text Available Purpose: The application of holistic risk management is fast becoming a standard measure of good governance in the business arena. What role can holistic risk management play in the management of risk in the financial services industry? The aim of this paper is to propose a holistic risk management framework for the management of risk. Design/Methodology/Approach: A comprehensive framework that covers the holistic view risk management is proposed/developed out of an extensive literature review. Findings: Given the deliberations of various frameworks, a holistic risk management is proposed. The proposed framework ensures that all components of risk management are taken into account when strategizing for risk management in general and holistic risk management in particular; thereby improving the management of risk in the banking industry. Implications: The article proposes a holistic approach to risk management which takes into account all the facets of risk management, e.g. analyzing, planning, strategy, communication, implementation, motivation, systems review and plan modification. This holistic approach, when implemented in the banking industry, can have a significant impact on the improved management of risk. Originality/Value: The new proposed holistic risk management framework offers a fresh perspective of strategizing for risk management in terms of risk analysis, risk planning, risk strategy, risk communication, risk implementation, risk motivation, risk review and risk plan modification.

  11. Tsunamigenic Ratio of the Pacific Ocean earthquakes and a proposal for a Tsunami Index

    Directory of Open Access Journals (Sweden)

    A. Suppasri

    2012-01-01

    Full Text Available The Pacific Ocean is the location where two-thirds of tsunamis have occurred, resulting in a great number of casualties. Once information on an earthquake has been issued, it is important to understand if there is a tsunami generation risk in relation with a specific earthquake magnitude or focal depth. This study proposes a Tsunamigenic Ratio (TR that is defined as the ratio between the number of earthquake-generated tsunamis and the total number of earthquakes. Earthquake and tsunami data used in this study were selected from a database containing tsunamigenic earthquakes from prior 1900 to 2011. The TR is calculated from earthquake events with a magnitude greater than 5.0, a focal depth shallower than 200 km and a sea depth less than 7 km. The results suggest that a great earthquake magnitude and a shallow focal depth have a high potential to generate tsunamis with a large tsunami height. The average TR in the Pacific Ocean is 0.4, whereas the TR for specific regions of the Pacific Ocean varies from 0.3 to 0.7. The TR calculated for each region shows the relationship between three influential parameters: earthquake magnitude, focal depth and sea depth. The three parameters were combined and proposed as a dimensionless parameter called the Tsunami Index (TI. TI can express better relationship with the TR and with maximum tsunami height, while the three parameters mentioned above cannot. The results show that recent submarine earthquakes had a higher potential to generate a tsunami with a larger tsunami height than during the last century. A tsunami is definitely generated if the TI is larger than 7.0. The proposed TR and TI will help ascertain the tsunami generation risk of each earthquake event based on a statistical analysis of the historical data and could be an important decision support tool during the early tsunami warning stage.

  12. Assessment of Nearshore Hazard due to Tsunami-Induced Currents

    Science.gov (United States)

    Lynett, P. J.; Ayca, A.; Borrero, J. C.; Eskijian, M.; Miller, K.; Wilson, R. I.

    2014-12-01

    The California Tsunami Program in cooperation with NOAA and FEMA has begun implementing a plan to increase tsunami hazard preparedness and mitigation in maritime communities (both ships and harbor infrastructure) through the development of in-harbor hazard maps, offshore safety zones for boater evacuation, and associated guidance for harbors and marinas before, during and following tsunamis. The hope is that the maritime guidance and associated education program will help save lives and reduce exposure of damage to boats and harbor infrastructure. Findings will be used to develop maps, guidance documents, and consistent policy recommendations for emergency managers and port authorities and provide information critical to real-time decisions required when responding to tsunami alert notifications. The initial goals of the study are to (1) evaluate the effectiveness and sensitivity of existing numerical models for assessing maritime tsunami hazards, (2) find a relationship between current speeds and expected damage levels, (3) evaluate California ports and harbors in terms of tsunami induced hazards by identifying regions that are prone to higher current speeds and damage and to identify regions of relatively lower impact that may be used for evacuation of maritime assets, and (4) determine 'safe depths' for evacuation of vessels from ports and harbors during a tsunami event. We will present details of a new initiative to evaluate the future likelihood of failure for different structural components of a harbor, leading to the identification of high priority areas for mitigation. This presentation will focus on the results from California ports and harbors across the State, and will include feedback we have received from discussions with local harbor masters and port authorities. To help promote accurate and consistent products, the authors are also working through the National Tsunami Hazard Mitigation Program to organize a tsunami current model benchmark workshop.

  13. Rapid processing of data based on high-performance algorithms for solving inverse problems and 3D-simulation of the tsunami and earthquakes

    Science.gov (United States)

    Marinin, I. V.; Kabanikhin, S. I.; Krivorotko, O. I.; Karas, A.; Khidasheli, D. G.

    2012-04-01

    We consider new techniques and methods for earthquake and tsunami related problems, particularly - inverse problems for the determination of tsunami source parameters, numerical simulation of long wave propagation in soil and water and tsunami risk estimations. In addition, we will touch upon the issue of database management and destruction scenario visualization. New approaches and strategies, as well as mathematical tools and software are to be shown. The long joint investigations by researchers of the Institute of Mathematical Geophysics and Computational Mathematics SB RAS and specialists from WAPMERR and Informap have produced special theoretical approaches, numerical methods, and software tsunami and earthquake modeling (modeling of propagation and run-up of tsunami waves on coastal areas), visualization, risk estimation of tsunami, and earthquakes. Algorithms are developed for the operational definition of the origin and forms of the tsunami source. The system TSS numerically simulates the source of tsunami and/or earthquakes and includes the possibility to solve the direct and the inverse problem. It becomes possible to involve advanced mathematical results to improve models and to increase the resolution of inverse problems. Via TSS one can construct maps of risks, the online scenario of disasters, estimation of potential damage to buildings and roads. One of the main tools for the numerical modeling is the finite volume method (FVM), which allows us to achieve stability with respect to possible input errors, as well as to achieve optimum computing speed. Our approach to the inverse problem of tsunami and earthquake determination is based on recent theoretical results concerning the Dirichlet problem for the wave equation. This problem is intrinsically ill-posed. We use the optimization approach to solve this problem and SVD-analysis to estimate the degree of ill-posedness and to find the quasi-solution. The software system we developed is intended to

  14. RISK MANAGEMENT IN THE ELECTRONIC BUSINESS

    Directory of Open Access Journals (Sweden)

    Georgeta Soava

    2016-12-01

    Full Text Available Risk should not be understood as a destructive phenomenon, but bear in mind that managers who know how to use it can lead to real opportunities. Manager must first recognize the existence of risk, namely to identify and then use specific methods to avoid or reduce the risk. The purpose of this paper is to enter the world, at all simple, of risk management, relatively easy concept to understand but not so easy to put into practice. Of course, the approach relates primarily at the risks inherent of the business in digital environments, but they not represent only a particular case of the risks they are exposed, in general, the companies. In the paper we put in evidence the significance in general business, risks in e-business, then we added a description of the types of security risks, an exemplification of these and a series of test scenarios, and finally to make a analysis of operational solutions of risk management

  15. Risk Management Considerations for Interoperable Acquisition

    National Research Council Canada - National Science Library

    Meyers, B. C

    2006-01-01

    .... The state of risk management practice -- the specification of standards and the methodologies to implement them -- is addressed and examined with respect to the needs of system-of-systems interoperability...

  16. Diabetic ketoacidosis: risk factors, mechanisms and management ...

    African Journals Online (AJOL)

    Diabetic ketoacidosis: risk factors, mechanisms and management strategies in sub-Saharan Africa: a review. ... ketoacidosis is the most common hyperglycaemic emergency in patients with diabetes mellitus, especially type 1 diabetes.

  17. Managing flood risk through collaborative governance | IDRC ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    2013-05-21

    May 21, 2013 ... Managing flood risk through collaborative governance ... This article profiles a project supported by IDRC's Climate Change and Water program, ... and in the intensity of extreme weather events are resulting in the erosion of lo.

  18. Risk management integration into complex project organizations

    Science.gov (United States)

    Fisher, K.; Greanias, G.; Rose, J.; Dumas, R.

    2002-01-01

    This paper describes the approach used in designing and adapting the SIRTF prototype, discusses some of the lessons learned in developing the SIRTF prototype, and explains the adaptability of the risk management database to varying levels project complexity.

  19. Managing risks in the project pipeline.

    Science.gov (United States)

    2013-08-01

    This research focuses on how to manage the risks of project costs and revenue uncertainties over the long-term, and identifies significant : process improvements to ensure projects are delivered on time and as intended, thus maximizing the miles pave...

  20. Small Business and the Risk Management Program

    Science.gov (United States)

    This factsheet helps small businesses comply with the regulation requiring companies that use regulated substances, hazardous chemical such as ammonia and chlorine, to develop a risk management plan, to help prevent accidental toxic or flammable releases.

  1. Roadway related tort liability and risk management.

    Science.gov (United States)

    2010-06-01

    This workbook provide government employees background information related to tort liability and risk management. Past experience with lawsuits against government entities are summarized. The reasons for the lawsuits and results are analyzed. The obje...

  2. From CSR to Social Risk Management

    DEFF Research Database (Denmark)

    Taarup Esbensen, Jacob

    2014-01-01

    When it comes to social risks multinational companies (MNC) within Mining are one of the most exposed businesses one can imagine. This paper examines how social risk management is practiced through the case of Teghout copper-molybdenum mine in North- Eastern Armenia, supplemented with evidence from...... other mining MNCs in the country, onsite fieldwork, interviews with key stakeholders, and public available information. This evidence suggest that a standards based social risk management strategy is adopted and that this strategy is based on international Corporate Social Responsibility (CSR) standards...... engagement management systems that is promoted through the standard. The implemented social risk management systems are ineffective because they makes the MNC unable to recognise the value of weak ties and fail to build legitimacy and trust with some of the key stakeholders resulting in the creation of more...

  3. Wildfire Risk Management: Challenges and Opportunities

    Science.gov (United States)

    Thompson, M.; Calkin, D. E.; Hand, M. S.; Kreitler, J.

    2014-12-01

    In this presentation we address federal wildfire risk management largely through the lens of economics, targeting questions related to costs, effectiveness, efficiency, and tradeoffs. Beyond risks to resources and assets such as wildlife habitat, watersheds, and homes, wildfires present financial risk and budgetary instability for federal wildfire management agencies due to highly variable annual suppression costs. Despite its variability, the costs of wildfire management have continued to escalate and account for an ever-growing share of overall agency budgets, compromising abilities to attain other objectives related to forest health, recreation, timber management, etc. Trends associated with a changing climate and human expansion into fire-prone areas could lead to additional suppression costs in the future, only further highlighting the need for an ability to evaluate economic tradeoffs in investments across the wildfire management spectrum. Critically, these economic analyses need to accurately capture the complex spatial and stochastic aspects of wildfire, the inherent uncertainty associated with monetizing environmental impacts of wildfire, the costs and effectiveness of alternative management policies, and linkages between pre-fire investments and active incident management. Investing in hazardous fuels reduction and forest restoration in particular is a major policy lever for pre-fire risk mitigation, and will be a primary focus of our presentation. Evaluating alternative fuel management and suppression policies could provide opportunities for significant efficiency improvements in the development of risk-informed management fire management strategies. Better understanding tradeoffs of fire impacts and costs can help inform policy questions such as how much of the landscape to treat and how to balance investments in treating new areas versus maintaining previous investments. We will summarize current data needs, knowledge gaps, and other factors

  4. Decision support for utility environmental risk management

    International Nuclear Information System (INIS)

    Balson, W.E.; Wilson, D.S.

    1991-01-01

    This paper reviews a number of decision support methods developed and applied by Decision Focus Incorporated to help utility personnel manage current environmental problems. This work has been performed for the Environmental Risk Analysis Program of EPRI's Environment Division, and also for a number of electric utilities across the country. These are two distinct types of decision support software tools that have been created: economic risk management and environmental risk analysis. These types differ primarily in the identification of who will make a decision. Economic risk management tools are directed primarily at decisions made by electric utilities. Environmental risk analysis tools are directed primarily at decisions made by legislative or regulatory agencies, about which a utility may wish to comment

  5. Radiation risk management at DOE accelerator facilities

    International Nuclear Information System (INIS)

    Dyck, O.B. van.

    1997-01-01

    The DOE accelerator contractors have been discussing among themselves and with the Department how to improve radiation safety risk management. This activity-how to assure prevention of unplanned high exposures-is separate from normal exposure management, which historically has been quite successful. The ad-hoc Committee on the Accelerator Safety Order and Guidance [CASOG], formed by the Accelerator Section of the HPS, has proposed a risk- based approach, which will be discussed. Concepts involved are risk quantification and comparison (including with non-radiation risk), passive and active (reacting) protection systems, and probabilistic analysis. Different models of risk management will be presented, and the changing regulatory environment will also be discussed

  6. From risk management to uncertainty management: a significant change in project management

    Institute of Scientific and Technical Information of China (English)

    LI Gui-jun; ZHANG Yue-song

    2006-01-01

    Starting with the meanings of the terms "risk" and "uncertainty,"" he paper compares uncertainty management with risk management in project management. We bring some doubt to the use of "risk" and "uncertainty" interchangeably in project management and deem their scope, methods, responses, monitoring and controlling should be different too. Illustrations are given covering terminology, description, and treatment from different perspectives of uncertainty management and risk management. Furthermore, the paper retains that project risk management (PRM) processes might be modified to facilitate an uncertainty management perspective,and we support that project uncertainty management (PUM) can enlarge its contribution to improving project management performance, which will result in a significant change in emphasis compared with most risk management.

  7. Plant risk status information management system

    International Nuclear Information System (INIS)

    Campbell, D.J.; Ellison, B.C.; Glynn, J.C.; Flanagan, G.F.

    1985-01-01

    The Plant Risk Status Information Management System (PRISIMS) is a PC program that presents information about a nuclear power plant's design, its operation, its technical specifications, and the results of the plant's probabilistic risk assessment (PRA) in a logically and easily accessible format. PRISIMS provides its user with unique information for integrating safety concerns into day-to-day operational decisions and/or long-range management planning

  8. Delegated Portfolio Management and Risk Taking Behavior

    OpenAIRE

    José Luiz Barros Fernandes; Juan Ignacio Peña; Benjamin Miranda Tabak

    2009-01-01

    Standard models of moral hazard predict a negative relationship between risk and incentives; however empirical studies on mutual funds present mixed results. In this paper, we propose a behavioral principal-agent model in the context of professional managers, focusing on active and passive investment strategies. Using this general framework, we evaluate how incentives affect the risk taking behavior of managers, using the standard moral hazard model as a special case; and solve the previous c...

  9. Fundamentals of risk management understanding, evaluating and implementing effective risk management

    CERN Document Server

    Hopkin, Paul

    2012-01-01

    Now more than ever, organizations must plan, response and recognize all forms of risks that they face. "Fundamentals of Risk Management", now in its second edition, provides a comprehensive introduction to the subject of commercial and business risk for anyone studying for a career in risk as well as a broad range of risk professionals. It examines the key components of risk management and its application with examples to demonstrate its benefit to organisations in the public and private sector. The second edition has been completely updated to take into account the greater influence of ISO 3100, the emergence of Governance Risk and Compliance (GRC) and the wide use of the bowtie method to illustrate risk management. In addition, there is now a chapter on the skills and competencies required by an effective risk manager.

  10. Risk management - unappreciated instrument of supply chain management strategy

    OpenAIRE

    Wojciech Machowiak

    2012-01-01

    Background: Unlike Enterprise Risk Management, which is certainly quite well rooted in business practice, Supply Chain Risk Management (SCRM) still continues to be dynamically developing subject of academic research, whereas its practical applications are rather scarce. Material and methods: On the basis of broad review of the current state of the art in world literature, significant  relevancies to the core processes and enterprise strategy are discussed.   Results: ...

  11. NOAA/WDC Global Tsunami Deposits Database

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Discover where, when and how severely tsunamis affected Earth in geologic history. Information regarding Tsunami Deposits and Proxies for Tsunami Events complements...

  12. Management of interest rate risk

    Directory of Open Access Journals (Sweden)

    Šabović Šerif

    2014-01-01

    Full Text Available Interest rate risk is one of the biggest and most dangerous risks that a bank is exposed to. When a change of interest rates occurs, the incomes of a bank based on credits and securities endure significant changes. Banks resources also endure some changes. The change of interest rates changes the value of the assets and liabilities of the bank and it's net and investment worth . The change of interest rates also affects bank's balance sheet, income sheet statement and bank's share capital.

  13. Risk management and oil trading contracts

    International Nuclear Information System (INIS)

    Sas, B.

    1992-01-01

    The oil market provides an excellent case study for an analysis of the commodity trading risks and the development of contractual instruments and market structures to meet these risks. The paper identifies the main risks, namely performance, credit/payment, price, regulatory, fiscal, and ''trading'' risk. A conceptual framework provides the basis to trace the evolution of the risk management instruments from relational (e.g. long-term), through ''transactional'' (e.g. spot and forwards) to ''institutional'' (e.g. futures and options) and finally ''pricing'' (e.g. swaps and trigger pricing) contracts. (author)

  14. The importance of mangrove forest in tsunami disaster mitigation.

    Science.gov (United States)

    Osti, Rabindra; Tanaka, Shigenobu; Tokioka, Toshikazu

    2009-04-01

    Tsunamis and storm surges have killed more than one million people and some three billion people currently live with a high risk of these disasters, which are becoming more frequent and devastating worldwide. Effective mitigation of such disasters is possible via healthy coastal forests, which can reduce the energy of tsunamis. In recent years, these natural barriers have declined due to adverse human and natural activities. In the past 20 years, the world has lost almost 50 per cent of its mangrove forests, making them one of the most endangered landscapes. It is essential to recover them and to use them as a shield against a tsunami and as a resource to secure optimal socio-economic, ecological and environmental benefits. This paper examines the emerging scenario facing mangrove forests, discusses protection from tsunamis, and proposes a way to improve the current situation. We hope that practical tips will help communities and agencies to work collectively to achieve a common goal.

  15. Study on tsunami due to offshore earthquakes for Korea coast. Literature survey and numerical simulation on earthquake and tsunami in the Japan Sea and the East China Sea

    International Nuclear Information System (INIS)

    Matsuyama, Masafumi; Aoyagi, Yasuhira; Inoue, Daiei; Choi, Weon-Hack; Kang, Keum-Seok

    2008-01-01

    In Korea, there has been a concern on tsumami risks for the Nuclear Power Plants since the 1983 Nihonkai-Chubu earthquake tsunami. The maximum run-up height reached 4 m to north of the Ulchin nuclear power plant site. The east coast of Korea was also attacked by a few meters high tsunami generated by the 1993 Hokkaido Nansei-Oki earthquake. Both source areas of them were in the areas western off Hokkaido to the eastern margin of the Japan Sea, which remains another tsunami potential. Therefore it is necessary to study tsunami risks for coast of Korea by means of geological investigation and numerical simulation. Historical records of earthquake and tsunami in the Japan Sea were re-compiled to evaluate tsunami potential. A database of marine active faults in the Japan Sea was compiled to decide a regional potential of tsunami. Many developed reverse faults are found in the areas western off Hokkaido to the eastern margin of the Japan Sea. The authors have found no historical earthquake in the East China Sea which caused tunami observed at coast of Korea. Therefore five fault models were determined on the basis of the analysis results of historical records and recent research results of fault parameter and tunami. Tsunami heights were estimated by numerical simulation of nonlinear dispersion wave theory. The results of the simulations indicate that the tsunami heights in these cases are less than 0.25 m along the coast of Korea, and the tsunami risk by these assumed faults does not lead to severe impact. It is concluded that tsunami occurred in the areas western off Hokkaido to the eastern margin of the Japan Sea leads the most significant impact to Korea consequently. (author)

  16. The NASA Continuous Risk Management Process

    Science.gov (United States)

    Pokorny, Frank M.

    2004-01-01

    As an intern this summer in the GRC Risk Management Office, I have become familiar with the NASA Continuous Risk Management Process. In this process, risk is considered in terms of the probability that an undesired event will occur and the impact of the event, should it occur (ref., NASA-NPG: 7120.5). Risk management belongs in every part of every project and should be ongoing from start to finish. Another key point is that a risk is not a problem until it has happened. With that in mind, there is a six step cycle for continuous risk management that prevents risks from becoming problems. The steps are: identify, analyze, plan, track, control, and communicate & document. Incorporated in the first step are several methods to identify risks such as brainstorming and using lessons learned. Once a risk is identified, a risk statement is made on a risk information sheet consisting of a single condition and one or more consequences. There can also be a context section where the risk is explained in more detail. Additionally there are three main goals of analyzing a risk, which are evaluate, classify, and prioritize. Here is where a value is given to the attributes of a risk &e., probability, impact, and timeframe) based on a multi-level classification system (e.g., low, medium, high). It is important to keep in mind that the definitions of these levels are probably different for each project. Furthermore the risks can be combined into groups. Then, the risks are prioritized to see what risk is necessary to mitigate first. After the risks are analyzed, a plan is made to mitigate as many risks as feasible. Each risk should be assigned to someone in the project with knowledge in the area of the risk. Then the possible approaches to choose from are: research, accept, watch, or mitigate. Next, all risks, mitigated or not, are tracked either individually or in groups. As the plan is executed, risks are re-evaluated, and the attribute values are adjusted as necessary. Metrics

  17. Lessons Learned in Risk Management on NCSX

    International Nuclear Information System (INIS)

    Neilson, G.H.; Gruber, C.O.; Harris, Jeffrey H.; Rej, D.J.; Simmons, R.T.; Strykowsky, R.L.

    2010-01-01

    The National Compact Stellarator Experiment (NCSX) was designed to test physics principles of an innovative stellarator design developed by Princeton Plasma Physics Laboratory and Oak Ridge National Laboratory. Construction of some of the major components and subassemblies was completed, but the estimated cost and schedule for completing the project grew as the technical requirements and risks became better understood, leading to its cancellation in 2008. The project's risks stemmed from its technical challenges, primarily the complex component geometries and tight tolerances that were required. The initial baseline, which was established in 2004, was supported by a risk management plan and risk-based contingencies, both of which proved to be inadequate. Technical successes were achieved in the construction of challenging components and subassemblies, but cost and schedule growth was experienced. As part of an effort to improve project performance, a new risk management program was devised and implemented in 2007-2008. It led to a better understanding of project risks, a sounder basis for contingency estimates, and improved management tools. Although the risks were ultimately unacceptable to the sponsor, valuable lessons in risk management were learned through the experiences with the NCSX project.

  18. Risk management, derivatives and shariah compliance

    Science.gov (United States)

    Bacha, Obiyathulla Ismath

    2013-04-01

    Despite the impressive growth of Islamic Banking and Finance (IBF), a number of weaknesses remain. The most important of this is perhaps the lack of shariah compliant risk management tools. While the risk sharing philosophy of Islamic Finance requires the acceptance of risk to justify returns, the shariah also requires adherents to avoid unnecessary risk-maysir. The requirement to avoid maysir is in essence a call for the prudent management of risk. Contemporary risk management revolves around financial engineering, the building blocks of which are financial derivatives. Despite the proven efficacy of derivatives in the management of risk in the conventional space, shariah scholars appear to be suspicious and uneasy with their use in IBF. Some have imposed outright prohibition of their use. This paper re-examines the issue of contemporary derivative instruments and shariah compliance. The shariah compatibility of derivatives is shown in a number of ways. First, by way of qualitative evaluation of whether derivatives can be made to comply with the key prohibitions of the sharia. Second, by way of comparing the payoff profiles of derivatives with risk sharing finance and Bai Salam contracts. Finally, the equivalence between shariah compliant derivatives like the IPRS and Islamic FX Currency Forwards with conventional ones is presented.

  19. Board of directors and risk management

    NARCIS (Netherlands)

    van der Elst, C.F.; Birkmose, H.; Neville, M.; Sorensen, K.

    2013-01-01

    The board of directors is responsible for an appropriate business risk management environment. The paper studies in a comparative way how legislators and courts fill this duty. We question whether the legislative and regulatory framework will improve the equilibrium between entrepreneurship and risk

  20. Lessons Learned in Risk Management on NCSX

    International Nuclear Information System (INIS)

    Neilson, G.H.; Gruber, C.O.; Harris, J.H.; Rej, D.J.; Simmons, R.T.; Strykowsky, R.L.

    2009-01-01

    The National Compact Stellarator Experiment (NCSX) was designed to test physics principles of an innovative stellarator design developed by the Princeton Plasma Physics Laboratory and Oak Ridge National Laboratory. Construction of some of the major components and sub-assemblies was completed, but the estimated cost and schedule for completing the project grew as the technical requirements and risks became better understood, leading to its cancellation in 2008. The project's risks stemmed from its technical challenges, primarily the complex component geometries and tight tolerances that were required. The initial baseline, established in 2004, was supported by a risk management plan and risk-based contingencies, both of which proved to be inadequate. Technical successes were achieved in the construction of challenging components and subassemblies, but cost and schedule growth was experienced. As part of an effort to improve project performance, a new risk management program was devised and implemented in 2007-08. It led to a better understanding of project risks, a sounder basis for contingency estimates, and improved management tools. Although the risks ultimately were unacceptable to the sponsor, valuable lessons in risk management were learned through the experiences with the NCSX project