Pine wood nematode, B. xylophilus poses a serious threat for the European forest industry. This study applies a quantitative risk assessment to analyze the risk of pine wood nematode in the EU, by estimating the reduction expected within forestry stock available for wood supply and its...

By managing risk on the level of the supply chain we gain insight of all potential threats to all organizations involved in the chain as well as to the supply chain itself, especially to the logistics resources: flow of goods, services and information; logistics infrastructure and suprastructure;...

The objectives of this article are to: (1) investigate the current state of knowledge of the risks of engineered nanoparticles for the environment and human health, (2) estimate whether this knowledge is sufficient to facilitate their comprehensive and effective risk assessment and (3) provide...

The Food and Drug Administration (FDA) warned against administering over-the-counter cough and cold medicines to children under 2. This study evaluated whether experienced parents show poorer adherence to the FDA warning, as safe experiences are predicted to reduce the impact of warnings, and...

Citing the myriad applications of nanotechnology, this paper emphasizes the need to conduct “life cycle” based assessments as early in the new product development process as possible, for a better understanding of the potential environmental and human health consequences of nanomaterials...

Knowledge is quantified according to [1] as expertise and skills acquired by a person, the theoretical understanding of a specific subject or facts and information with respect to a specific field or domain. According to [2] knowledge is information possessed by an individual which can be used...

Recent years have emphasized focus on risk management, and it became clear that there is an urgent need for a robust framework to effectively manage risk. The financial and economic crisis showed the importance of a strong risk management process and forced banks to take a critical look at how...

The paper aims at substantiating the market risk assessment of a bank's portfolio that is based on three main indicators, which are used to define exposure limits: – the 99%"Value at Risk" (VaR) method, – a stress-test measurement based on a timeframe shock-type indicator –...

Financial regulation is normally imposed in reaction to some prior crisis, rather than founded on theoretical principle. In the past, regulation has been deployed to improve risk management practices in individual banks. This was misguided. Instead, regulation should focus first on systemic...

Stress tests of financial institutions are becoming more common in the midst of a global recession and unpredictable future economic growth. We believe that apart from banks, stress tests can be conducted on hospitals as well and will have their merit. The proposed methodology for risk...