Project risk management is concemed with identifying, assessing and responding to uncertainties which could impact project outcomes. These impacts might be positive or negative, although the tendency in business has been to focus on the negative - or downside - risks, Le., those risks which...

In the last few years, the distributed energy production from small wind turbines (i.e.200kWp) has developed into a relevant business opportunity for different investors in Italy. The market, especially in Italy, has rapidly grown, achieving 9MWp only in 2011, with an increase from 1.5MW in 2009...

Abstract Dynamic risk measures play an important role for the acceptance or non-acceptance of risks in a bank portfolio. Dynamic consistency and weaker versions like conditional and sequential consistency guarantee that acceptability decisions remain consistent in time. An important set of...

Purpose – This article aims to consider success in terms of the financial returns and risks of new public management (NPM) in state-owned enterprises (SOEs). Design/methodology/approach – Financial returns of New Zealand SOEs were examined through a review of their annual reports over a...

The liberalization of electricity markets has forced energy producing companies and traders to calculate costs closer to the profit frontier. Thus, an efficient risk management and risk controlling are needed to ensure the financial survival even during bad times. Using the RAROC methodology we...

Purpose – The purpose of this study is to explore the voluntary use of internal audit by Australian publicly listed companies and to identify factors that lead listed companies to have an internal audit function.Design/methodology/approach – Drawing on the Institute of Internal Auditors'...

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In this thesis, a decision model for examining prescribed risk management practices in engineering design is presented. The decision model explicitly considers the effects that design decisions under uncertainty have on the overall utility of the design process. These effects are important to...

With perpetual strains on resources, road agencies need to develop network-level decision-making frameworks to ensure optimum resource allocation. This is especially true for intelligent transport systems (ITS) and, in particular, variable message signs (VMSs), a key component of incident...