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Concern for the environment has become one of the big issues in modern society, and one of the chief concerns is the environmental impact of modern industrial production. A particularly sensitive issue is the possibility of accidents in industries where there may be severe consequences for people, property and the environment. At one time the nuclear industry was seen as the most likely to be the cause of significant environmental damage, but after the occurrence of several major accidents such as Seveso, Flixborough and Bhopal, that concern extends to much of the chemicals industry. Pressure from society, reflected by strong legislation, coupled with a greater understanding of the impact that chemical processing operations can have, has led to the adoption of higher profile safety and environmental management programs within the chemical industry. Under these programmes existing and new processes are rigorously examined to determine the possible causes and consequences of failure, and the results used to improve the process to make failure less likely. Any process audit, aimed at improving safety or lessening the environmental impact, cannot be carried out using intuition or experience alone, so the discipline of risk analysis has grown as a collection of tools and methods which can be utilized to give a quantitative assessment of the risks involved in operating any given process. In this new book the authors present risk analysis and reduction in a clear and unified way, emphasizing the various different methods which can be used together in a global approach to risk analysis in the chemical process industries. Originally conceived as a text book for graduate level courses in chemical engineering, the clear presentation and thorough coverage will ensure that anyone involved in risk assessment, environmental impact assessment or safety planning will find this book an invaluable source of reference.
This book explores Complex System Governance (CSG)—an emerging field concerned with the design, execution, and evolution of essential functions necessary to ensure continued viability of a system. The book focuses on three primary development areas to better understand and utilize current developments CSG. First, the conceptual foundations for CSG are developed, from systems theory, management cybernetics, and governance. Second, a set of critical CSG topics are examined from conceptual as well as practice perspectives. Third, several development and application issues are discussed. Ultimately, CSG is positioned as an emerging field with strong theoretical grounding and significant implications for improving practices and performance to better address complex systems and their problems.
OpRisk Awards 2020 Book of the Year Winner! The Authoritative Guide to the Best Practices in Operational Risk Management Operational Risk Management offers a comprehensive guide that contains a review of the most up-to-date and effective operational risk management practices in the financial services industry. The book provides an essential overview of the current methods and best practices applied in financial companies and also contains advanced tools and techniques developed by the most mature firms in the field. The author explores the range of operational risks such as information security, fraud or reputation damage and details how to put in place an effective program based on the four main risk management activities: risk identification, risk assessment, risk mitigation and risk monitoring. The book also examines some specific types of operational risks that rank high on many firms' risk registers. Drawing on the author's extensive experience working with and advising financial companies, Operational Risk Management is written both for those new to the discipline and for experienced operational risk managers who want to strengthen and consolidate their knowledge.
The increasing complexity of emerging business models and a growing societal concern with the integrity of financial reporting now leads to new emphases on accountability within large, publicly traded energy corporations. Managing Enterprise Risk: What the Electric Industry Experience Implies for Contemporary Business emphasizes the implications these issues have in the electric industry, a traditional infrastructure that underlies the digital society and now faces extraordinary environmental, regulatory, and technological uncertainties. - Informs professionals in a variety of fields of the best current thinking on business risk—how it can be understood, how it can be managed, and how it can be communicated to diverse constituencies
Building upon the technical and organizational groundwork presented in the first edition, Risk Assessment and Decision Making in Business and Industry: A Practical Guide, Second Edition addresses the many aspects of risk/uncertainty (R/U) process implementation. This comprehensive volume covers four broad aspects of R/U: general concepts, i
The industrial workplace should be an environmentally sound and reliable operation with established safety and health policies and practices. Most companies work hard to achieve this goal by having Industrial Safety and Risk Management programs in place. The key benefits of a first-class ISRM program are the reduction of risk to people, environment, assets and production for company personnel, contractors, the public and investors. Professors Wilson and McCutcheon offer an integrated approach to industrial safety and risk management and explain the elements of practice required to manage health, safety and environmental risk effectively. Contributors from industry and government add their expertise to provide a comprehensive examination of issues concerning industrial health, safety and risk management programs; risk assessment and management; causation models and systematic incident investigation; and human factors. Case studies of industrial disasters offer lessons in how to proactively reduce risks in operations or projects. Industrial Safety and Risk Management provides a solid base for students and industry to implement, manage and improve their understanding and knowledge of safety and risk management programs. It provides an excellent training program for new professionals, junior managers and supervisors working in industry.