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Search results for: RISK MANAGEMENT
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APPLICATION OF QUANTITATIVE RISK ASSESSMENT TO SHIPS IN EMERGENCY CONDITIONS
PublicationThe paper is devoted to safety of ships in emergency conditions. The currently valid prescriptive method of safety assessment of ships in damage conditions is included in the SOLAS 2009 Part B-2 Ch.II-1 regulations. It is devoted to the design stage and difficult to apply in operation. A possible alternative described in this paper is a method based on assessment of performance of ships and risk assessment. Type of risk evaluation...
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The KLC Cultures Synergy for Organizational Agility. Trust, Risk-Taking Attitude, and Critical Thinking as Moderators
PublicationOrganizational agility is visible in organizational change adaptability, and it is based on the development of dynamic capabilities, strategic sensitivity of leaders, accuracy and timing of decision-making, learning aptitude, flexibility in thinking and acting, and smooth resource flow across organizations, including the knowledge resource. In such a context, this study aimed to expose how the knowledge, learning, and collaboration...
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Good practices in requirements, project and risk managment in educational IT projects
PublicationOne can find many learning aids and simulations of physical phenomena on the market - provided as a standalone application or as part of an educational package. However, only a few of them allow for the building of interactive experiments: experiments similar to those that should be conducted in physics laboratories at schools. Gdańsk University of Technology decided to fill this market niche by designing and constructing a set...
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Procedure based functional safety and information security management of industrial automation and control systems on example of the oil port installations
PublicationThe approach addresses selected technical and organization aspects of risk mitigation in the oil port installations with regard to functional safety and security requirements specified in standards IEC 61508, IEC 61511 and IEC 62443. The procedure for functional safety management includes the hazard identification, risk analysis and assessment, specification of overall safety requirements and definition of...
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Framework for RIDM within functional safety management process
PublicationThe functional safety management in life cycle is a complex process starting with identifying hazards and defining safety-related functions (SRFs) with risk assessment oriented at determining the safety integrity level. Another element of such life cycle is a verification of required SIL for designed safety-related system which implements safety function. Due to complexity of the problem, to overcome difficulties in safety-related...
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Knowledge management and knowledge security—Building an integrated framework in the light of COVID‐19
PublicationAbstract. This paper presents a framework of knowledge risk management in the face of the COVID-19 crisis, derived from the literature on knowledge management, knowledge security and COVID-19. So far, both researchers and practitioners have focused on knowledge as an asset and their efforts have been aimed at the implementation of knowledge management in various organizational contexts. However, with increasing threats related...
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Testing Question Order Effects of Self-perception of Risk Propensity on Simple Lottery Choices as Measures of the Actual Risk Propensity
PublicationUncertainty together with the necessity of making choices inevitably results in risky decisions. For many years now, scientists have been studying notions connected with risk such as risk management, risk perception or risk propensity. While many sophisticated methods regarding measurement of risk propensity have been developed so far, it seems that little attention has been paid to checking whether they are not inherently flawed....
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Hard Lessons Learned: A Model that Facilitates the Selection of Methods of IT Project Management
PublicationThe article presents the results of research conducted in an international enterprise responsible for IT project implementation. The carried out analysis of the case study with the use of surveys and data synthesis allowed the major factors causing problems connected with project management to be identified. The identified factors were aggregated and then, by using four key variables, a rhomboidal model adaptation was proposed...
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Automatic road traffic safety management system in urban areas
PublicationTraffic incidents and accidents contribute to decreasing levels of transport system reliability and safety. Traffic management and emergency systems on the road, using, among others, automatic detection, video surveillance, communication technologies and institutional solutions improve the organization of the work of various departments involved in traffic and safety management. Automation of incident management helps to reduce...
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Positive Risk of Creativity in Software Projects: an Expected Result, a Threat or an Opportunity?
PublicationPositive risk of creativity appears when there is an excess of creativity. This paper aims at exploring the concept of positive risk of creativity in software projects. It presents a taxonomy of positive risks as well as case studies of positive risks in diploma software projects. It also attempts to answer the question whether positive risks should be treated as expected results of applying creativity process, or they cause additional...
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Functional Safety and Cybersecurity Analysis and Management in Smart Manufacturing Systems
PublicationThis chapter addresses some of the issues of the integrated functional safety and cybersecurity analysis and management with regard to selected references and the functional safety standards: IEC 61508, IEC 61511, ISO 13849-1 and IEC 62061, and a cybersecurity standard IEC 62443 that concerns the industrial automation and control systems. The objective is to mitigate the vulnerability of industrial systems that include the information...
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The use of GIS tools for road infrastructure safety management
PublicationThere are many factors that influence accidents and their severity. They can be grouped within the system of man, vehicle and environment. The article focuses on how GIS tools can be used to manage road infrastructure safety. To ensure a better understanding and identification of road factors, GIS tools help with the acquisition of road parameter data. Their other role is helping with a clear and effective presentation of risk...
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Knowledge-based functional safety and security management in hazardous industrial plants with emphasis on human factors
PublicationExisting and emerging new hazards have significant potential to impact destructively operation of technical systems, hazardous plants, and systems / networks of critical infrastructure. The programmable control and protection systems play nowadays an important role in reducing and controlling risk in the process of hazardous plant operation. It is outlined how to deal with security related hazards concerning such systems to be...
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Informal projects management with volunteers participation
PublicationThe article briefly presents some experiences and results of research which has been conducted in order to identify key elements influencing the success of projects managed in informal way with volunteers’ participation. These experiences were collected during the realization of several “soft” projects. The general aims of these projects were sports competitions’ organisation, cultural events and charity projects for...
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A NEW WORK SAFETY MANAGEMENT SYSTEM IN CONSTRUCTION SITES
PublicationThe hazards on the list are assessed on two levels, namely as minor and serious, and the risk relating to work at the site at three levels: small, average and high, within the range from 1 to 10, where 1 is the lowest value meaning a small risk, and 10 the value meaning a high risk.
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Risk assessment for tram traffic on tramway bridges
PublicationMiejski transport szynowy wielu miastach stanowi istotny element systemu transportowego i jest przestrzennie rozwijającym się systemem zapewniającym mieszkańcom codzienną obsługę transportową. Bezpieczeństwo pasażerów transportu szynowego i użytkowników dróg jest jednym z najważniejszych czynników, który należy uwzględnić w trakcie projektowania infrastruktury oraz w ocenie operacyjnej systemu miejskiego transportu tramwajowego....
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Risk Modelling with Bayesian Networks - Case Study: Construction of Tunnel under the Dead Vistula River in Gdansk
PublicationThe process of decision-making in public procurement of construction projects during the preparation and implementation phases ought to be supported by risk identification, assessment, and management. In risk assessment one has to take into account factors that lead to risk events (background info), as well as the information about the risk symptoms (monitoring info). Typically once the risks have been assessed a decision-maker...
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Knowledge-based functional safety management using ProSIL software
PublicationIn the article the ProSIL software for computer aided functional safety management is presented. The software consists of three modules for the determination of the required SIL level (ProSILen) and verification of the SIL level (ProSILver). In the ProSIL the calibrated knowledge-based risk graph method for determining the required safety integrity level (SIL) of the safety functions identified in hazard analysis is implemented....
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Innovative management of IT projects with the use of the agent-based approach on the basis of intelligent agents
PublicationProject management is one of the major challenges for the modern economy. Dynamic changes in the structures of organizations which form the core of the economy imply changes in both management processes and structures. One element of these changes is a new approach to the manufacturing of modern and rapidly changing products (due to changing market requirements). As part of these changes, traditional organizational structures are...
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Corporate social responsibility and forward default risk mediated by financial performance and goodwill
PublicationIn today’s business environment, corporate social responsibility (CSR) has become an increasingly significant factor for firms. This study is driven by the motivation to add to the current literature by investigating the mediating elements that explain the relationship between CSR and forward default risk. In this paper, we attempt to identify the important mediators and give a more comprehensive explanation of this connection...
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Towards an analysis framework for operational risk coupling mode: A case from MASS navigating in restricted waters
PublicationMaritime Autonomous Surface Ships (MASSs) constitute highly interconnected and tightly coupled multistate systems. Incorporating the coupling effects of both interactions and dependencies is centrally important to ensure navigation safety of MASSs. This paper proposes a framework for examining the coupling effects in the operational modes (OM) of MASSs. Failure Modes (FMs) of MASSs related to interactions with the environment and...
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The investment risk forecasting in a local energy market
PublicationThe paper considers the general problems faced when evaluating the risk of investing in a local energy market by computer tools. The proposal formulated for the emerging local energy markets suggests broadening the method of evaluating investment risk so as to include elements of cluster analysis. The paper also discusses the significance of estimating investment risk in market terms and the importance and range of the local energy...
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Waste management in the mining industry of metals ores, coal, oil and natural gas - A review
PublicationWaste generated due to mining activity poses a serious issue due to the large amounts generated, even up to 65 billion tons per year, and is often associated with the risk posed by its storage and environmental management. This work aims to review waste management in the mining industry of metals ores, coal, oil and natural gas. It includes an analysis and discussion on the possibilities for reuse of certain types of wastes generated...
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Designing Control and Protection Systems with Regard to Integrated Functional Safety and Cybersecurity Aspects
PublicationThis article addresses current problems of risk analysis and probabilistic modelling for functional safety management in the life cycle of safety-related systems. Two main stages in the lifecycle of these systems are distinguished, namely the design and operation. The risk analysis and probabilistic modelling differ in these stages in view of available knowledge and data. Due to the complexity and uncertainty involved, both qualitative...
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The risk of corporate bankruptcy - the conceptual model
PublicationThis article concerns the assessment of different types of risks influencing the corporate bankruptcy risk. The author has developed conceptual model that explains the causes and the trajectories of the collapse of enterprises. In the analyses such factors as demographic, financial, market, political and operational factors influencing the risk of failure were taken into account.
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Evaluation and application of data from road weather stations for winter maintenance management
PublicationThe paper presents the analysis of road weather data from meteorological stations located at the Polish national roads of Pomerania District during the impact of winter conditions. Presented issue is particularly important from the point of view the problem of winter maintenance and especially for prediction and assurance of quality of asphalt pavement surface ie. resistance to low temperature cracking or risk of glazed frost....
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Analysis and Risk Evaluation on the Case of Alteration, Revitalization and Conversion of a Historic Building in Gdańsk
PublicationEach investment plan, including the one concerning a building, is exposed to the consequences of various types of threats taking place. Therefore, in the case of some large-scale, atypical and complicated building ventures, some actions included in the procedure of risk management should be taken. This will allow for the risk to be eliminated or limited. While preparing a building venture, an investor does not possess full information...
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Mapping knowledge risks: towards a better understanding of knowledge management
PublicationThis conceptual paper aims to identify, present, and analyze potential knowledge risks organizations might face. With the growing complexity of organizational environments and the plethora of new knowledge risks emerging, this critical but under-researched field of knowledge management (KM) deserves closer attention. The study is based on a critical analysis of the extant literature devoted to knowledge risks, discusses potential...
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A method of Functional Test interval selection with regards to Machinery and Economical aspects
PublicationThis paper discusses the problem of choosing the optimal frequency of functional test, including the reliability calculations and production efficiency, but also the effect of company risk management. The proof test as a part of the functional test interval is well described for the process industry. Unfortunately, this situation is not the case for the machinery safety functions with low demand mode. Afterwards, it is presented...
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Identification of Risk Factors for Collisions Involving Cyclists Based on Gdansk Example
PublicationThe role of pedestrian and bicycle traffic in Poland has growing trend. The comprehensive traffic study, conducted in Gdansk in 2016, has confirmed the increase in the number of cyclists and their share in the modal split. Therefore, it is particularly important to ensure the safety of this group of unprotected road users. Only in 2015 on the roads of Gdansk occurred 93 accidents (excluding collisions) involving cyclists. As a...
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ProSIL Software for functional saferty management in life cycle = Aplikacja ProSIL do zarządzania bezpieczeństwem funkcjonalnym w cyklu życia
PublicationIn the paper the ProSIL software to aid the functional safety management is presented. The software consists of three modules to aid: determination of the required SIL level (ProSILen), veryfication of the SIL level (ProSILver). In the aplication the method of the calibrated risk graph to determine the required safety integrity level SIL for defined safety instrumented functions is applied. The methods concerning functional safety...
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Zarzadzanie ryzykiem jako wymiar strategicznego i przedsiębiorczego podejścia do zarządzania małym i srednim przedsiębiorstwem
PublicationJedną z wielu przyczyn niepowodzenia ekonomicznego małych i średnich przedsiębiorstw jest niezrozumienie lub niewłaściwe rozumienie kwestii zarządzania ryzykiem. Ryzyko w wielu wymiarach sprzężone jest z procesem przedsiębiorczym. Zarządzanie nim wymaga dostrzegania okazji, umiejętności wykorzystywania zagrożeń jako szans oraz dynamicznej odpowiedzi na zmiany w otoczeniu i w samej organizacji. Sposób podej- ścia do zarządzania...
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Relating Information Culture to Information Policies and Management Strategies
PublicationBusiness and information managers have struggled to meet several challenges in aligning information strategies and business cultures. The consequences of a misalignment or misfit of strategy and culture are well known in business literature, and better guidance on how to better align strategy and culture is needed. This means expanding the puzzle to align business and information cultures, align business and information strategies,...
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Credit default swaps and banks
PublicationThis chapter aims to explore the evolving role of credit default swaps (CDS) in managing and transferring default risk from the perspective of banks from a holistic perspective. This chapter examines credit default swaps (CDSs) as derivative financial instruments that transfer credit risk on debt securities. While CDSs offer benefits such as risk management and risk trading, they also introduce potential systemic risks, as evidenced...
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LONG-TERM RISK CLASS MIGRATIONS OF NON-BANKRUPT AND BANKRUPT ENTERPRISES
PublicationThis paper investigates how the process of going bankrupt can be recognized much earlier by enterprises than by traditional forecasting models. The presented studies focus on the assessment of credit risk classes and on determination of the differences in risk class migrations between non-bankrupt enterprises and future insolvent firms. For this purpose, the author has developed a model of a Kohonen artificial neural network to...
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Functional safety and cyber security analysis for life cycle management of industrial control systems in hazardous plants and oil port critical infrastructure including insurance
PublicationThis report addresses selected methodological aspects of proactive reliability, functional safety and cyber security management in life cycle of industrial automation and control systems (IACS) in hazardous plants and oil port critical installations based on the analysis of relevant hazards / threats and evaluation of related risks. In addition the insurance company point of view has been also considered, because nowadays the insurer,...
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Corporate social responsibility and forward default risk under firm and industry heterogeneity
PublicationObjective: This study aims to evaluate the impact of corporate social responsibility on forward default risk (FDR) under the setting of firm and industry heterogeneity. Research Design & Methods: This study evaluated the impact of corporate social responsibility (CSR) on FDR using the data of 497 companies from 2007-2021 in the S&P 500 index, taking into account firm and industry heterogeneity aspects. This study utilized instrumental...
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Assessing and Mitigating Ice-Jam Flood Hazards and Risks: A European Perspective
PublicationThe assessment and mapping of riverine flood hazards and risks is recognized by many countries as an important tool for characterizing floods and developing flood management plans. Often, however, these management plans give attention primarily to open-water floods, with ice-jam floods being mostly an afterthought once these plans have been drafted. In some Nordic regions, ice-jam floods can be more severe than open-water floods,...
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FLOOD MANAGEMENT IN URBAN BASINS OF THE CITY OF GDAŃSK
PublicationOver the last years, the City of Gdańsk suffers twice from flash floods. Both events were caused by intense storms which produced significant surface runoff and caused inundation private and cities properties. The first case of July 2001 flood [3], [9] was the turning point for the city authorities, who decide to look close on the flood management in small urban catchments. The aim of research projects was to establish technical...
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Urban Mentoring as a new polish management technique in participatory planning
PublicationA decade of experience in implementation of numerous urban modernization projects in Poland resulted in a lively debate on socialization of the planning process, in which the matter of the public space quality has become the center of gravity. In those years, transformation from the classic administrative model of „bureaucracy planning” to the model of „management planning” has not been complete. The socialist primacy of the public...
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Digital Innovations and Smart Solutions for Society And Economy: Pros and Cons
PublicationRecent developments in artificial intelligence (AI) may involve significant potential threats to personal data privacy, national security, and social and economic stability. AI-based solutions are often promoted as “intelligent” or “smart” because they are autonomous in optimizing various processes. Be-cause they can modify their behavior without human supervision by analyzing data from the environ-ment, AI-based systems may be...
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The trajectories of the financial crisis of companies at risk of bankruptcy
PublicationThis article concerns the assessment of the trajectory of the collapse of enterprises in Central Europe. The author has developed a model of a Kohonen artificial neural network. This model was used to determine 6 different classes of risk and was allowed to graphically determine the 5- to 10-year trajectory of going bankrupt. The study used data on 140 companies listed on the Warsaw Stock Exchange. This population was divided into...
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Teoria zbiorów rozmytych w zarządzaniu ryzykiem jako utylitarne narzędzie systemu zarządzania jakością
PublicationDziałalność przedsiębiorstwa wiąże się z potrzebą analizowania ryzyka oddziałującego na procesy firmy. Norma PN-EN ISO 9001:2015 dokonuje identyfikacji czynników ryzyka i ich wpływu na jakość wyrobu. W szacowaniu ryzyka punktowe oceny wyrażające subiektywne opinie zastępowane są coraz częściej formalnym zapisem niepewności. Artykuł ukazuje zastosowanie rozmytego systemu wnioskującego w procesie zarządzania ryzykiem, umożliwiającego...
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Which Curve Fits Best: Fitting ROC Curve Models to Empirical Credit-Scoring Data
PublicationIn the practice of credit-risk management, the models for receiver operating characteristic (ROC) curves are helpful in describing the shape of an ROC curve, estimating the discriminatory power of a scorecard, and generating ROC curves without underlying data. The primary purpose of this study is to review the ROC curve models proposed in the literature, primarily in biostatistics, and to fit them to actual credit-scoring ROC data...
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The effects of selected factors on regional road fatalities – analysis of the Łódź region
PublicationAnalysis of regional accident records shows that a country’s national road safety programme does not have the same effect in each of its regions. What may be a serious problem in one region may be of marginal significance in another. Polish and international experience shows that main risk groups and types of accidents related to the level of development and quality of the road network differ from region to region. The conclusion...
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A modern solid waste management strategy – the generation of new by-products
PublicationTo benefit the environment and society, EU legislation has introduced a ‘zero waste’ strategy, in which waste material should be converted to resources. Such legislation is supported by the solid waste hierarchy concept, which is a set of priorities in waste management. Under this concept, municipal solid waste plants (MSWPs) should be equipped with sorting and recycling facilities, composting/incineration units and landfill prisms...
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Systems engineering approach to functional safety and cyber security of industrial critical installations
PublicationThis chapter addresses the systems engineering approach to integrated functional safety and cybersecurity analysis and management regarding selected references, standards and requirements concerning critical installations and their industrial automation and control system (IACS). The objective is to mitigate the vulnerability of industrial installations that include the information technology (IT) and the operational technology...
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Systems engineering approach to functional safety and cyber security of industrial critical installations
PublicationThis chapter addresses the systems engineering approach to integrated functional safety and cybersecurity analysis and management regarding selected references, standards and requirements concerning critical installations and their industrial automation and control system (IACS). The objective is to mitigate the vulnerability of industrial installations that include the information technology (IT) and the operational technology...
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Current issues of functional safety and cybersecurity analysis of the industrial and critical infrastructures
PublicationThis article addresses some functional safety assessment procedures with cybersecurity aspects in critical industrial installations with regard to the functional safety requirements specified in standards IEC 61508 and IEC 61511. The functional safety management includes hazard identification, risk analysis and assessment, specification of overall safety requirements and definition of safety functions. Based on the risk assessment...
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Identifying Selected Tram Transport Risks
PublicationIn the area of transport infrastructure risks, infrastructure is inspected for safety. It is an element of transport safety management based on risk management and forms part of preventative activities and measures. As regards tram infrastructure which is a component of urban transport infrastructure, there are potential collisions with cars, cyclists and pedestrians. Data from Gdansk Buses and Trams...