The existence of the risk and uncertainty cannot be challenged. Extremely diverse typology of risks, the difficulties in their assessment and of the effects generated makes necessary a proactive management so as to ensure a high level of performance, corresponding of the objectives assumed by...

This paper examines the choice of tools for managing a firm’s operational risks: cash reserves, insurance contracts, and financial assets under an optimal financing contract that solves moral hazard between insiders and outside investors. Risk management is valuable as it reduces the costs of...

Despite the relevance for companies in general of measuring the probability that its cash flow on a certain future date might reach values that would make it impossible for the company to honor its commitments, make investments or choose a more reliable capital structure, discussions on methods...

This article explores the impacts of floods on the economy, environment, and society and tries to clarify the rural community’s coping mechanism to flood disasters in Central Viet Nam. It focuses on the social aspects of flood risk perception that shapes the responses to floods. The research...

Situated over the Himalayan tectonic zone, Kathmandu Valley as a lake in geological past has a long history of destructive earthquakes. In recent years, the earthquake risk of the valley has significantly increased due mainly to uncontrolled development, poor construction practices with no...

The Menoreh Mountains in Yogyakarta are severely affected by landslides. Due to the high population densities, mass movements are generally damaging and fatal. More than other Javanese mountains, the Menoreh Mountains cumulate several factors causing landslides. Therefore, it is necessary to...

Taiwan is located in an area affected by Northwest Pacific typhoons, which are also one of the most important sources of rainfall to the island. Unfortunately, the abundant rainfall brought by typhoons frequently produces hazards. In recent years, typhoons and floods have caused serious damage,...

Recent chemical accidents precipitated by natural disasters have prompted governments in the United States, Japan, and Europe, among other countries, to re-evaluate current practices in the design and risk management of industrial facilities. This paper presents an overview of natural hazard...

IFKIS-Hydro is an information and warning system for hydrological hazards in small- and medium-scale catchments. The system collects data such as weather forecasts, precipitation measurements, water level gauges, discharge simulations and local observations of event-specific phenomena. In...

Efficiency in modern shipping must not come at the expense of undertaking avoidable risks. The complexity of most activities in shipping requires a cooperative effort made by specialists to comprehend the uncertainties of risk and to seek measures for its reduction. Such an effort, however, must...