Risk Analysis Commons^™

Smart Growth In Dumb Places: Sustainability, Disaster, And The Future Of The American City, Lisa Grow Sun

BYU Law Review

One of the many lessons of the recent earthquake and tsunami in Japan is that we cannot mitigate disaster risk through building codes and other structural solutions alone. Location is key to a community’s natural hazard vulnerability. Consequently, the most far-reaching and important question for disaster mitigation today is where we will channel the growth that will be needed to accommodate our expanding population. Yet, both environmental scholars and policymakers are promoting sustainability initiatives that will channel our country’s future growth into existing urban areas that are already extremely vulnerable to disaster. Indeed, many of these policies - and the …

Public Perception Of Unmanned Aerial Vehicles, Alice Tam

Aviation Technology Graduate Student Publications

This study explored public risk perception of unmanned aerial vehicles (UAV) for civilian commercial operations, including cargo and passenger transportation. Civilian operators are considering the use of UAVs to increase safety while reducing labor costs, but negative perceptions may delay the advancement of these aircraft. To document perception of UAV or UAS aircraft for commercial operations, a questionnaire was distributed to adults (ages 18+) who use commercial air travel. The survey classified age group, gender, and UAV familiarity as demographic variables. This study assessed risk perception of UAVs and its correlation to the variables through statistical analysis to identify whether …

Optimal Investment Under Operational Flexibility, Risk Aversion, And Uncertainty, Michail Chronopoulos, Bert De Reyck, Afzal Siddiqui

Research Collection Lee Kong Chian School Of Business

Traditional real options analysis addresses the problem of investment under uncertainty assuming a risk-neutral decision maker and complete markets. In reality, however, decision makers are often risk averse and markets are incomplete. We confirm that risk aversion lowers the probability of investment and demonstrate how this effect can be mitigated by incorporating operational flexibility in the form of embedded suspension and resumption options. Although such options facilitate investment, we find that the likelihood of investing is still lower compared to the risk-neutral case. Risk aversion also increases the likelihood that the project will be abandoned, although this effect is less …

Using A Systemic Model Of Accident For Improving Innovative Technologies: Application And Limitations Of The Stamp Model To A Process For Treatment Of Contaminated Substances, Karim Hardy, Franck Guarnieri

Publications

This paper presents the STAMP accident model, based on systems theory, and describes its application in the context of risk prevention related to the remediation of contaminated materials. The implementation of the model is described, and results are presented both in methodological and technical terms.

Risks Associated With Federal Construction Projects, Krishna R. Surajbally

Theses and Dissertations

The rise in terrorism, corporate espionage, cyber attacks, and federal fiscal constraints play an important role in the federal construction process. The risks associated with these occurrences are studied to aid in the risk management of the military construction process. This paper presents the status of research into these areas to identify how methods, policies, applications, and information obtained from case studies can be used by stakeholders to manage risk in the United States Air Force construction process. The author reviewed research on risk associated with four essential components of the military construction process – Critical Infrastructure, Information Technology, Contracts, …

Slides: Risk Management Strategies Of The Upper Basin: Addressing Potential Shortages, Eric Kuhn

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

Presenter: Eric Kuhn, Colorado River Water Conservation District

15 slides

Slides: Thinking The Unthinkable, Lawrence J. Macdonnell

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

Presenter: Lawrence J. MacDonnell, University of Wyoming College of Law

7 slides

Filling The Gap: Commonsense Solutions For Meeting Front Range Water Needs: Executive Summary, Western Resource Advocates, Trout Unlimited, Colorado Environmental Coalition (U.S.)

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

8 pages.

"February 2011"

Presented by Drew Beckwith, Water Policy Manager, Western Resource Advocates, on June 10th at Clyde O. Martz Summer Conference 2011, Navigating the Future of the Colorado River Basin

Full report available at: http://www.westernresourceadvocates.org/gap

Materials For Presentation: The Disappearing Colorado River, Lawrence J. Macdonnell

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

7 pages.

"Western Economics Forum, Fall 2010"

Slides: Who Should Be At The Table, And What Should They Be Talking About?, Robert W. Adler

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

Presenter: Robert W. Adler, James I. Farr Chair in Law, University of Utah, S.J. Quinney College of Law

9 slides

Slides: Smart Fallowing: New Strategies In Ag Forbearance, Bonnie Colby

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

Presenter: Dr. Bonnie Colby, Department of Agriculture & Resource Economics, University of Arizona

34 slides

Slides: Long-Term Augmentation Of The Water Supply Of The Colorado River System, Les Lampe

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

Presenter: Les Lampe, Colorado River Water Consultants, Las Vegas, Nevada

29 slides

Fact Sheet: Study Of Long-Term Augmentation Options For The Water Supply Of The Colorado System, Black & Veatch, Ch2m Hill

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

1 page.

"March 2008"

Material submitted by Les Lampe, Colorado River Water Consultants, for "Augmentation Options" program, Session 3: Mapping a New Course, Panel F: Some Policy Options and Solutions.

Colorado River Water Consultants is a project-specific partnership of engineering firms Black & Veatch and CH2MHill.

Materials For Presentation: Water Banks: Voluntary And Flexible Water Supplies For The Colorado River's Uncertain Future [Outline], Robert Wigington

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

4 pages.

"Robert Wigington, The Nature Conservancy"

Slides: Water Banks: Voluntary And Flexible Water Supplies For The Colorado River's Uncertain Future, Robert Wigington

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

Presenter: Robert Wigington, The Nature Conservancy

7 slides

Slides: Law Of Colorado River: Where We Are, Where We Are Going, Steven M. Fitten

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

Presenter: Steven M. Fitten, Chief Counsel, International Boundary and Water Commission (IBWC)

14 slides

Agenda: Navigating The Future Of The Colorado River, University Of Colorado Boulder. Natural Resources Law Center, Western Water Policy Program

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

Competition for scarce Colorado River water resources is nothing new, but the conflicts that prompted the seven basin states to negotiate the 1922 Colorado River Compact have grown considerably fiercer and more complex in recent decades. In 2007, responding to the challenges of increasing demand and sustained drought, the seven basin states and a number of other affected interests agreed to a set of interim guidelines for allocating Colorado River water in the event of shortages. This agreement represents an important evolution in the governance of the Colorado River, suggesting that the many interests in the basin can work together …

Report Surveys Colorado River Basin Leaders: Collaborative Approaches To Dwindling Supplies Are Highlighted, Sarah Bates, University Of Montana Missoula. Center For Natural Resources And Environmental Policy

Navigating the Future of the Colorado River (Martz Summer Conference, June 8-10)

4 pages.

Press release "April 14, 2011"

"Executive Summary April 2011" of report, Thinking Like a River Basin: Leaders' Perspectives on Options and Opportunities in Colorado River Management

Full report available at:

http://www.carpediemwest.org/wp-content/uploads/Thinking_Like_A_River_Basin_8-20-13.pdf

Managing Risk In A Failing It Project: A Social Constructionist View, Wee-Kiat Lim, Siew Kien Sia, Adrian Yeow

CCX Research

Why do IT projects continue to stumble, despite the proliferation of risk management methodologies and a growing body of knowledge on project risk assessment and mitigation? In this paper, we propose an alternative theoretical perspective that views project risk as a social construction process shaped by the risk accounts of social groups and actors within an implementation context. Risk management is embedded in the social processes where risks are negotiated and contested, with some risk accounts amplified and some attenuated. Through the analysis of a large IT implementation in an Asian logistics firm and its trajectory of successive crises, we …

Modelling And Hazard Analysis For Contaminated Sediments Using Stamp Model, Karim Hardy, Franck Guarnieri

Publications

Processes for remediation (removal of pollution or contaminants) of contaminated sediments have been very efficient. These technologies, which are particularly complex, call for a comprehensive approach to risk analysis which characterises all threats (to humans, equipment, local residents, the environment, etc.) . The STAMP accident model (Systems-Theoretic Accident Model and Processes) is an example of such a comprehensive approach, and it has been chosen to characterise the risks associated with Novosol (registered trademark), an innovative remediation process.

A Review Focused On The Psychological Effectiveness Of Tai Chi On Different Populations, Long Zhang, Thomas Lowder, Jian Liu

Computer Sciences and Electrical Engineering Faculty Research

As a popular exercise form, Tai Chi (TC) has been investigated to determine its contributions to an active and healthy lifestyle. There are an increasing number of researchers who focus on exploring the potential physiological and psychological benefits of TC but only a few systematic reviews of these benefits to a variety of populations. The purpose of this paper is to comprehensively evaluate the reported psychological benefits associated with practicing TC. Although many investigators have reported possible psychological benefits of TC for children, young adults, older healthy adults, and for a variety of patient populations, many of the reports suffer …

Modelling And Hazard Analysis For Contaminated Sediments Using Stamp Model, Karim Hardy, Franck Guarnieri

Publications

Processes for remediation (removal of pollution or contaminants) of contaminated sediments have become very efficient. These technologies, which are particularly complex, call for a comprehensive approach to risk analysis which characterises all threats (to humans, equipment, local residents, the environment etc.). The STAMP accident model (Systems-Theoretic Accident Model and Processes) is an example of such a comprehensive approach, and it has been chosen to characterise the risks associated with Novosol®, an innovative remediation process. Risk analysis is carried out through the application of STPA (STamP-based Analysis). This article is organised into three sections. The first describes the Novosol® process for …

Application Of Post Modern Portfolio Theory To Mitigate Risk In International Shipping, Michael R. Quashne

Theses and Dissertations

This research uses asset allocation concepts to determine the correct amount of cargo to send down the PAKGLOC and NDN to minimize the risk of loss or damage. Loss and Damage data is used from Transportation Discrepancy Reports and overall value is assumed to match the industry standard. Using assumed levels of pilferage along the NDN, a Monte Carlo simulation is run at each level of pilferage, and a Co-Lower Partial Moment model is solved. Analysis of the data shows a wide spread of possible optimal solutions at each level of pilferage. Due to the low levels of risk along …

Improving The Relevance Of Cyber Incident Notification For Mission Assurance, Stephen M. Woskov

Theses and Dissertations

Military organizations have embedded Information and Communication Technology (ICT) into their core mission processes as a means to increase operational efficiency, improve decision making quality, and shorten the kill chain. This dependence can place the mission at risk when the loss, corruption, or degradation of the confidentiality, integrity, and/or availability of a critical information resource occurs. Since the accuracy, conciseness, and timeliness of the information used in decision making processes dramatically impacts the quality of command decisions, and hence, the operational mission outcome; the recognition, quantification, and documentation of critical mission-information resource dependencies is essential for the organization to gain …

Estimating Cargo Airdrop Collateral Damage Risk, Vincent R. Cammarano

Theses and Dissertations

The purpose of this research is to determine an appropriate method for estimating cargo airdrop collateral damage risk. Specifically, this thesis answers the question: How can mission planners accurately predict airdrop collateral damage risk? The question is answered through a literature review and a thorough examination of a data set of real world airdrop scoring data. The data were examined to determine critical factors that affect airdrop error risks as well as to determine the characteristics of airdrop error patterns. Through this research it was determined that bivariate normal distributions with parameters pairs determined by empirical data are appropriate for …

A Financial Impact Assessment Of Ld 1725: Stream Crossings Presentation, New England Environmental Finance Center

Economics and Finance

This report looks at the potential financial impact of LD 1725 on the estimated 30,000 stream crossings in the State of Maine that would be affected by the law. Our research for this report included the analysis of nearly 2000 stream crossings and the data collection necessary for the development of extensive stream crossing replacement cost models. We found that the 1.2 bankfull requirements in LD 1725 would result in a 75% ‐ 250% increase in structure widths for stream crossing projects across the state. An upsize of this magnitude would increase the cost of replacing stream crossings statewide by …

Development Of Risk Uncertainty Factors From Historical Nasa Projects, Tahani R. Amer

EMSE Doctoral Projects

NASA is a good investment of federal funds and strives to provide the best value to the nation. NASA has consistently budgeted to unrealistic cost estimates, which are evident in the cost growth in many of its programs. In this investigation, NASA has been using available uncertainty factors from the Aerospace Corporation, Air Force, and Booz Allen Hamilton to develop projects' risk posture. NASA has no insight into the developmental of these factors and, as demonstrated here, this can lead to unrealistic risks in many NASA Programs and projects (P/p). The primary contribution of this project is the development of …

Understanding Risk Governance: Introducing Sociological Neoinstitutionalism And Foucauldian Governmentality For Further Theorizing, Wee-Kiat Lim

CCX Research

This article traces the career of risk across prominent theoretical approaches by highlighting their key assumptions and premises, specifically the technical approach found in the physical sciences, and economics, psychology, and sociology in the social sciences. In each discipline, the strengths and limitations of each theoretical approach are pointed out. The discussion focuses on sociology in particular because other approaches—in treating risks as dominantly technical, psychological, or economic phenomena—tend to downplay the broader historical and socio-political context that impinges on risk construction and production, and its differential impact across society. This exploration points out that institutions play an important role …

Emerging M&S Application In Risk Management, C. Ariel Pinto, Andreas Tolk, Michael Mcshane

Engineering Management & Systems Engineering Faculty Publications

There has been compelling signs of the great potential of building further synergy with academics, researchers, and industry practitioners from the areas of Modeling and Simulation (M&S) managing risk events. This paper provides an introduction to risk management and how M&S has permeated the risk management process. The trend has been to harness the advantages of M&S tools and techniques in terms of efficiency and effectiveness in managing risks. However, the more important contribution of M&S may be in how it provides a way for specialists in various disciplines or industries interact to manage risks that require multi-disciplinary approach. This …

Delayed-Bang Approach Towards More Sustainable Critical Infrastructure Risk Management, C. Ariel Pinto, Michael K. Mcshane, Abhishek S. Pathak

Finance Faculty Publications

This article describes the Delayed Bang Approach for determining the value of risk management alternatives in critical infrastructure security. The discussion includes (1) the need for sustainable risk management (2) the importance of time valuation in evaluating competing loss prevention and loss reduction alternatives, (3) the convergence of deterministic engineering economics, survivability analysis, and probabilistic analysis, and (4) hypothetical examples of the Delayed-Bang Approach and significance towards more sustainable risk management.