Download e-book for iPad: Handbook of Integrated Risk Management for E-Business: by Abderrahim Labbi

Risk Management

By Abderrahim Labbi

This ground-breaking specialist reference integrates converging perspectives of e-business approaches and provides how one can deal with their inherent dangers with complex modeling suggestions. individuals from major educational and enterprise businesses discover cutting-edge adaptive threat research structures that help enterprise techniques in undertaking portfolio administration, operations administration, offer chain administration, stock keep watch over, info mining for patron dating administration, info expertise protection, finance, e-banking, and extra. Today’s new enterprise environments are characterised by way of expanding assets of uncertainty and variability which problem present decision-making approaches. guide of built-in possibility administration for E-Business: Measuring, Modeling, and coping with possibility offers a roadmap for settling on and mitigating the first dangers linked to each one severe e-business technique. It additionally indicates you ways to rework your tactics by means of empowering decision-making platforms and the way to layout applicable probability administration structures for determination aid. Key positive factors: provides an built-in view of the most e-business strategies, different demanding situations and possibilities underlying those techniques, and the way to control them below uncertainty utilizing predictive versions Discusses the price of powerful choice aid method instruments for preemptive administration and for gaining a aggressive virtue provides real-world case reviews illustrating complex predictive modeling methodologies and the most recent applied sciences for dealing with the hazards inherent in e-business methods offers a blueprint for picking out and mitigating the first hazards linked to every one severe e-business procedure and indicates how one can layout applicable hazard administration structures for selection help Explains find out how to use boosting to spot and prioritize danger

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If risk limits are too conservative, they can hinder the business unit’s ability to meet its overall revenue and profit targets. 2. Value chain design Strategic sourcing strategy Supply and sales contract portfolio design ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ Hedge demand volatility with supply flexibility terms Hedge price and foreign exchange risk with embedded options Hedge demand volatility with supply-demand matching Natural hedging of foreign exchange risk Natural hedging of foreign exchange risk Matching inbound and outbound supply chain capacity and flexibility Matching supply chain capacity to marketing capability Matching supply chain flexibility to customer demand volatility Hedging ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ Improve information sharing with contract incentives Single-source selected components to reduce complexity Increase information sharing with core suppliers Improve planning coordination and synchronization Increase flexibility with spot market buys Create growth and flexibility options Value chain restructuring Alternative value chain interactions Supply chain redesigned to reduce cycle time and inventory Value chain simplification to reduce complexity risk Create growth and flexibility options Restructuring 24 Handbook of Integrated Risk Management for E-Business Product portfolio design Strategic acquisitions Outsourcing, strategic partnerships, and alliances ᭿ ᭿ ᭿ Modify by investing in new joint production facilities Modify by obtaining access to new production technology Modify by acquiring new production facilities Modify by acquiring new production technology ᭿ ᭿ Modify by making changes in portfolio composition Modify by considering relationship with strategic sourcing ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ Customer and market segment diversification to reduce demand risk Geographical diversification to reduce demand risk Technological diversification to reduce product risk Customer and market segment diversification to reduce demand risk Geographical diversification to reduce demand risk Technological diversification to reduce product risk Diversify to improve portfolio risk-return tradeoff ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ ᭿ Hedge technology risk by placing multiple bets Hedge demand volatility with new products Hedge demand volatility by targeting new geographies and market segments Hedge demand volatility with complementary product lines Hedge supply risk with complementary suppliers Hedge demand volatility with product choices Parts commonality to hedge supply risk ᭿ ᭿ ᭿ Create learning, growth, and flexibility options Create learning, growth, and flexibility options Create learning, growth, and flexibility options Enterprise Risk Management: A Value Chain Perspective 25 26 Handbook of Integrated Risk Management for E-Business business units and individuals, risk must be quantified and priced to verify that superior performance is not the result of taking on excessive risk.

320 = 32%. This means that the earnings variance was reduced by only 32%. Confidence Level Earnings VaR Before Hedging Earnings VaR After Hedging 90% 95% 99% $25,451 $32,666 $46,201 $20,986 $26,935 $38,094 Risk 1 + Risk 2. Integrated Risk Management of Oil Price and Weather Risks The group managing oil price risk and the group managing weather risk at this state may be satisfied that they have done what they could to minimize earnings volatility. However, the following illustrates that the groups working in isolation have not in fact minimized earnings.

The 33 34 Handbook of Integrated Risk Management for E-Business consequence of this “silo” approach to risk management is a strategy that does not meet its objectives and costs too much. This chapter presents the motivation and methodology for integrating risk management decisions. It does this first by describing the internal and external forces that drive an increasing number of companies to adopt a holistic view of risk management. A mathematical example comparing the performance of the silo approach to the integrated approach for risk management clarifies the tangible benefits of integrated risk management.

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