Risk management and corporate governance issues are today significantly influencing public policy debates on enterprise controls. Organisational and management practices including management accounting activities are also being extensively affected. This editorial provides an introduction to the...

Contends that the E-V-R (environment-values-resources) congruence model provides an ideal framework for examining what entrepreneurs and entrepreneurial managers must achieve strategically in order to create and sustain organisational effectiveness and success. E-V-R shows how the environment is...

There is much evidence in the literature that the volatilities of equity returns show evidence of asymmetric responses to good and bad news. At the same time, there is evidence that the unconditional distribution of stock returns is asymmetric as well. This paper examines the effects of...

A 'constructively simple' approach to estimating uses a decision support modelling paradigm based on project risk management and operational research concepts. It employs probability models selected from a set of alternative stochastic models of uncertainty with a view to maximising the insight...

Purpose – This research aims to assess the risks and benefits of outsourcing for organisations, sectors and nations. The literature on outsourcing contains little evidence of research on holistic issues of its impact at systems levels beyond the firm, notably sectors and...

This paper examines air container renting and cargo loading problems experienced by freight forwarding companies. Containers have to be booked in advance, in order to obtain discounted rental rates from airlines; renting or returning containers on the day of shipping will incur a heavy penalty....

Bayesian methods are common in reliability and risk assessment, however, such methods often demand a large amount of specification and can be computationally intensive. Because of this, many practitioners are unable to take advantage of many of the benefits found in a Bayesian-based approach....

The ALARP principle is applied in many areas to regulate the tolerable level of risk. Usually the principle is operationalized by assigning a value per fatality. A cost-benefit analysis is used to trade the expected value of lives saved with the costs of technical measures required to reduce...

It is well known that, given observable data for a competing risk problem, there is always an independent model consistent with the data. It has been pointed out, however, that this independent model does not necessarily have to be one with proper marginals. One purpose of this paper is to...

Within reliability theory, identifiability problems arise through competing risks. If we have a series system of several components, and if that system is replaced or repaired to as good as new on failure, then the different component failures represent competing risks for the system. It is well...