Safety seems so easy – just make sure people don’t get hurt. In practice it is a lot harder to achieve a safe organisation that is capable of sustained safe performance in the face of significant hazards. This paper will examine the role of systematic management systems in helping to ensure that organisations become safe and stay that way. The possession of a management system, no matter ho…
This guide is based on earlier practical field applications of approaches contained in a FAO working paper (Taylor et al., 2010). The working paper’s detailed technical section has served as a background resource document for the present guide. The practical approach described in Part Two of this guide has been developed largely during practical and training workshops carried out in Viet Nam …
Development and reinforcement of a general management point of view-the capacity to view the firm from an overall perspective, in the context of its environment. Development of an understanding of fundamental concepts in strategic management: the role of the general manager, the levels and components of strategy, competitive analysis, and organizational evolution. Development of those skills…
Abstract In the paper we detail the reduced form or hazard rate method of pricing credit default swaps, which is a market standard. We then show exactly how the ISDA standard CDS model works, and how it can be independently implemented. Particular attention is paid to the accrual on default formula: We show that the original formula in the standard model is slightly wrong, but more importa…
The Global Water Supply and Sanitation Assessment 2000, a report prepared jointly by the World Health Organization (WHO) and the United Nations Children’s Fund (UNICEF), indicated that nearly 1.1 billion (1100 million) people have no access to improved water sources and that about 2.4 billion have no access to any form of improved sanitation facilities, with the vast majority of these people …
The healthcare industry abounds in print (and multimedia) resources on the topic of qual- ity. A Google search for “healthcare quality books” yielded 19.3 million results in 0.21 seconds—a mind-boggling figure. Some of the results don’t refer to books, and many are repetitive, but their plenitude can’t be ignored. Despite the large number of healthcare qual- ity books available, relat…
Over the past decade, a large (and continually increasing) number of efforts (both research and development) have sought to investigate and exploit the use of Artificial Intelligence (AI) concepts and techniques in production management applications. In some cases, Al-based concepts have provided frameworks for making traditional Operations Research (OR) techniques more accessible and usable…
The American Academy of Actuaries’ Catastrophe Management Work Group was requested by the Coordinating with Federal Regulators Subgroup on Financial Issues of the National Association of Insurance Commissioners to develop a report to discuss how property and casualty insurers manage catastrophe risks. This monograph is in response to that request and makes the following observations: n C…
Preface The Project Risk Management Process, described herein, is intended to result in the effective management of project risks and opportunities during the entire project life cycle – from project inception to completion of construction. The project manager, project sponsor, and project team members jointly develop a risk register that enables them to identify, assess, quantify, prepar…
The development of information and communications technologies (ICTs) enables businesses and individuals to communicate and engage in transactions with other parties electronically, instantaneously and internationally. This gives rise to a variety of legal and regulatory issues for policymakers, from the validity of electronic methods of contracting and the security risks associated with them, …
The purpose of antitrust law is to promote competition and protect consumers from anticompetitive business practices. Enforcing antitrust rules thus requires an understanding of what constitutes an anticompetitive business practice; an understanding influenced by both legal precedent and broader knowledge of markets, companies, and competition. This Essay traces the influence of two academ…
For better or worse, banking is back in the headlines. From the desperate efforts of crisis-struck Eurozone governments to the Occupy Wall Street movement currently spreading across the globe, the future of banking is hotly debated. This VoxEU.org eBook presents a collection of essays by leading European and American economists that discuss both immediate solutions to the on-going financial cri…
The purpose of this book is to supply, in a form suitable for lay- men, guidance in the adoption and execution of an investment pol- icy. Comparatively little will be said here about the technique of analyzing securities; attention will be paid chiefly to investment principles and investors’ attitudes. We shall, however, provide a number of condensed comparisons of specific securities—chief…
This book was motivated by the author’s experience in teaching accounting at postgraduate level (MBA and MSc) at Aston Business School and in-house training provided for non-financial managers in many organizations to introduce them to the use of financial tools and techniques. My own education as an accountant was aimed at achieving professional recognition and emphasized an uncritical acce…
The United States has the opportunity to transform its health care system to provide seamless, affordable, quality care that is accessible to all, patient centered, and evidence based and leads to improved health outcomes. Achieving this transformation will require remodeling many aspects of the health care system. This is especially true for the nurs- ing profession, the largest segment of the…