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Operational Execution at Arrow Electronics
by Ananth Raman Zeynep TonDistribution center operations (from order taking to order fulfillment) and the importance of attending to process details at Arrow Electronics, a large distributor of electronic components and computer products are described. The case also details the actions the company takes to achieve and maintain accurate inventory records and the importance of inventory record accuracy to the company's strategy.
Operational Law in International Straits and Current Maritime Security Challenges (Operational Maritime Law Ser. #1)
by Lisa Ferris Martin Fink Rebecca Dickey Jörg SchildknechtThis book addresses a wide range of contemporary operational maritime law issues across the spectrum of operations. It provides sophisticated analyses and insights, and offers new interpretations of topics that are directly relevant for contemporary naval operations.The book examines unresolved legal issues in order to provide guidelines for conducting maritime operations, and also offers reference material for general education on the law of naval operations. Further, it serves as a comprehensive resource for operational doctrine and military planning, and presents an approach to dealing with multiple legal issues that demonstrates how modern military operations at sea can legally be executed. Focusing on operational and tactical topics, it is a valuable addition to the bookshelves of military lawyers and operators alike.
Operational Leadership Using Quantitative Decision Making (Synthesis Lectures on Engineering, Science, and Technology)
by Deandra CassoneThis book focuses on analytical and quantitative methods that align improvement opportunities with organizational goals and metrics. The book describes a framework that starts with developing a holistic view of an organization and then defining the organization’s goals, objectives, decision criteria, and metrics to result in meaningful measures for process, project, and product investment decisions. The author describes how to utilize decision-making tools, analytical methods, and optimization techniques to enhance the objectivity and robustness of the readers’ decisions. This framework supports the use of these tools and enables readers to make decisions that drive bottom-line performance. Aspects of this approach have been used in corporate, military, and government agencies to drive the efficient use of available resources.
An Operational Process for Workforce Planning
by Albert A. Robbert Cheryl Y. Marcum Robert M. EmmerichsWorkforce planning is an activity intended to ensure that investment in human capital results in the timely capability to effectively carry out an organization's strategic intent. This report examines the purposes of workforce planning, identifies key factors contributing to successful workforce planning, and describes a RAND-developed process for conducting workforce planning.
Operational Readiness: How to Achieve Successful System Deployment
by Pascal Bohulu MabeloThis book offers a guide on how to prepare business and operational environments to safely receive and effectively utilise systems (i.e., products of projects) to prevent successfully completed systems from failing to add value to their intended environment. It is supplemented with four extended practical exercises to help readers apply the principles to their own large, complex projects and ensure project success. Operational Readiness remains one of the least developed practices of both Project Management (PM) and Systems Engineering (SE). As a result, satisfactorily completed "systems" (e.g., satellites, aircrafts, mine shafts, power plants, road and rail networks, hospitals, and schools), completed on time, on budget, and to specification, are often failing to add value by providing improvements in their intended operational environment. In numerous cases, System Deployment is also accompanied by adverse and detrimental effects on the business and operational environments, and at times on the broader environment (e.g., persistent pollution, negative economic externalities, exacerbation of social ills such as deprivation and crime). In this book, the author discusses both the process and challenges of deploying the product into its intended operational environment and offers guidance to enable organisations to benefit from a holistic framework for Operational Readiness. This forward-thinking book is essential reading for all those involved with managing large projects including project managers, sponsors, and executives. It will also be useful for advanced students of Project Management and Systems Engineering looking to understand and expand their knowledge of Operational Readiness, infrastructure projects, and systems deployment.
Operational Reliability and Systematic Maintenance
by K. HolmbergScientists from four countries cooperated in a reseach effort aimed at the imporvement of operational reliability via innovations in design and testing and systematic maintenance. The scientists had varied backgrounds ranging from mathematic to applied mechanical engineering, and the results fo this effort are documented in this book.
Operational Research: IO 2021—Analytics for a Better World. XXI Congress of APDIO, Figueira da Foz, Portugal, November 7–8, 2021 (Springer Proceedings in Mathematics & Statistics #411)
by João Paulo Almeida Carla Soares Geraldes Isabel Cristina Lopes Samuel Moniz José Fernando Oliveira Alberto Adrego PintoThis book provides the current status of research on the application of OR methods to solve emerging and relevant operations management problems. Each chapter is a selected contribution of the IO2021 - XXI Congress of APDIO, the Portuguese Association of Operational Research, held in Figueira da Foz from 7 to 8 November 2021. Under the theme of analytics for a better world, the book presents interesting results and applications of OR cutting-edge methods and techniques to various real-world problems. Of particular importance are works applying nonlinear, multi-objective optimization, hybrid heuristics, multicriteria decision analysis, data envelopment analysis, simulation, clustering techniques and decision support systems, in different areas such as supply chain management, production planning and scheduling, logistics, energy, telecommunications, finance and health. All chapters were carefully reviewed by the members of the scientific program committee.
Operational Research
by João Paulo Almeida José Fernando Oliveira Alberto Adrego PintoThis volume presents selected contributions by top researchers in the field of operations research, originating from the XVI Congress of APDIO. It provides interesting findings and applications of operations research methods and techniques in a wide variety of problems. The contributions address complex real-world problems, including inventory management with lateral transshipments, sectors and routes in solid-waste collection and production planning for perishable food products. It also discusses the latest techniques, making the volume a valuable tool for researchers, students and practitioners who wish to learn about current trends. Of particular interest are the applications of nonlinear and mixed-integer programming, data envelopment analysis, clustering techniques, hybrid heuristics, supply chain management and lot sizing, as well as job scheduling problems. This biennial conference, organized by APDIO, the Portuguese Association of Operational Research, held in Bragança, Portugal, in June 2013, presented a perfect opportunity to discuss the latest development in this field and to narrow the gap between academic researchers and practitioners.
Operational Research
by João Paulo Almeida José Fernando Oliveira Alberto Adrego Pinto A. Ismael VazThis proceedings book presents selected contributions from the XVIII Congress of APDIO (the Portuguese Association of Operational Research) held in Valença on June 28–30, 2017. Prepared by leading Portuguese and international researchers in the field of operations research, it covers a wide range of complex real-world applications of operations research methods using recent theoretical techniques, in order to narrow the gap between academic research and practical applications. Of particular interest are the applications of, nonlinear and mixed-integer programming, data envelopment analysis, clustering techniques, hybrid heuristics, supply chain management, and lot sizing and job scheduling problems. In most chapters, the problems, methods and methodologies described are complemented by supporting figures, tables and algorithms.The XVIII Congress of APDIO marked the 18th installment of the regular biannual meetings of APDIO – the Portuguese Association of Operational Research. The meetings bring together researchers, scholars and practitioners, as well as MSc and PhD students, working in the field of operations research to present and discuss their latest works. The main theme of the latest meeting was Operational Research Pro Bono. Given the breadth of topics covered, the book offers a valuable resource for all researchers, students and practitioners interested in the latest trends in this field.
Operational Research: IO 2018, Aveiro, Portugal, September 5-7 (Springer Proceedings in Mathematics & Statistics #278)
by Maria João Alves João Paulo Almeida José Fernando Oliveira Alberto Adrego PintoThis book gathers selected contributions by top Portuguese and international researchers in the field of Operations Research, presented at the 19th Congress of APDIO (Portuguese Association of Operational Research). The papers address a broad range of complex real-world problems, which are approached using recent theoretical techniques. Of particular interest are the applications of e.g. linear, nonlinear and mixed-integer programming, multiobjective optimization, metaheuristics and hybrid heuristics, multicriteria decision analysis, data envelopment analysis, clustering techniques and decision support systems, in such varied contexts as: supply chain management, scheduling problems, production management, logistics, energy, finance and healthcare. This conference, organized by APDIO and held in Aveiro, Portugal in September 2018, offered an ideal opportunity to discuss the latest developments in this field and to build new bridges between academic researchers and practitioners. Summarizing the outcomes, this book offers a valuable tool for all researchers, students and practitioners who wish to learn about the latest trends in this field.
Operational Research: IO 2019, Tomar, Portugal, July 22–24 (Springer Proceedings in Mathematics & Statistics #374)
by Susana Relvas João Paulo Almeida José Fernando Oliveira Alberto Adrego PintoThis book addresses complex real-world problems with recent techniques. It comprises selected papers from the XX. congress APDIO held in Tomar, Portugal, in July 2019. The subject of the book is the application of operational research methodologies and techniques to address complex real problems. Readers will find interesting results and applications of operational research methods and techniques in the wide variety of the addressed problems. Of particular interest are the applications of, among others, linear, nonlinear and mixed-integer programing, multiobjective optimization, metaheuristics and hybrid heuristics, multicriteria decision analysis, data envelopment analysis, clustering techniques and decision support systems, in different areas such as supply chain management, scheduling problems, production management, logistics, energy, telecommunications and finance and health. In most chapters of the book, the described problems, methods and methodologies will be illustrated by auxiliary figures and tables, as well as algorithms. The main benefit of this book is to present the latest trends in operational research methods and methodologies by top Portuguese and international researchers. The book will present a wide scope of complex real-world applications addressed by recent theoretical techniques that aim to narrow the gap between academic researchers and practitioners.
Operational Research Applied to Sports (OR Essentials)
by Mike WrightThrough key research papers from Palgrave's Journal of Operational Research, this book showcases how Operational Research can be applied to sports in a variety of ways, including: timetabling fixtures; scheduling officials; forecasting outcomes; optimizing tactics and strategy; analyzing the effects of rules and laws; planning issues, and performance measurement. The introductory chapter provides a broad overview with an examination of how this area has developed over time, and a look at its wide ranging applications to sports including football, tennis and cricket etc.
Operational Research for Emergency Planning in Healthcare: Volume 1 (OR Essentials)
by Navonil MustafeeThis book presents a collection of studies that have applied analytical methods to improve preparedness, planning, and a faster response to A&E and public health emergencies like epidemic and disease outbreak. It explores the application of quantitative Operational Research techniques such as Mathematical Modelling and Optimization, Maximum Likelihood Estimation, Multiple-Criteria Decision Analysis, Discrete-event Simulation, Data Mining, and Bayesian Decision Models. These techniques have been used for better management of emergency care, including first responders, ambulance services, A&E departments, and mass immunisation centres. This volume focuses on planning at the operational level whereas volume 2 focuses mainly on planning at the strategic level. The OR Essentials series presents a unique cross-section of high quality research work fundamental to understanding contemporary issues and research across a range of Operational Research (OR) topics. It brings together some of the best research papers from the highly respected journals of the Operational Research Society, also published by Palgrave Macmillan.
Operational Research for Emergency Planning in Healthcare: Volume 2 (OR Essentials)
by Maysaa Husam JaberThis book presents a selection of studies that have applied Operational Research methods to improve emergency planning in healthcare, to include both A&E and public health emergencies like epidemic and natural disasters. The studies have delved into qualitative Operational Research like Problem Structuring, Critical Systems Thinking, Soft Systems Methodology, and Qualitative System Dynamics, and also quantitative techniques such as Monte Carlo Simulation, Discrete-event Simulation, and System Dynamics. These techniques have been applied for review and assessment of emergency services, for policy formulation and for facilitating broader public engagement in emergency preparedness and response. Furthermore, this book presents rigorous reviews on the applications of Operational Research in the wider healthcare context. This volume focuses mainly on emergency planning at the strategic level, whereas volume 1 focuses on planning at the operational level. The OR Essentials series presents a unique cross-section of high quality research work fundamental to understanding contemporary issues and research across a range of Operational Research (OR) topics. It brings together some of the best research papers from the highly respected journals of the Operational Research Society, also published by Palgrave Macmillan.
Operational Research in Agriculture and Tourism: 7th International Symposium and 29th National Conference on Operational Research, Chania, Greece, June 2018 (Cooperative Management)
by Evangelia Krassadaki George Baourakis Constantin Zopounidis Nikolaos MatsatsinisThis book presents a diverse range of recent operational research techniques that have been applied to agriculture and tourism management. It covers both the primary sector of agriculture and agricultural economics, and the tertiary sector of the tourism industry. Findings and lessons learned from these innovations can be readily applied to various other contexts. The book chiefly focuses on cooperative management issues, and on developing solutions to provide decision support in multi-criteria scenarios.
Operational Research in Business and Economics
by Evangelos Grigoroudis Michael DoumposThisbook gathers a selection of refereed papers presented at the 4th InternationalSymposium and 26th National Conference of the Hellenic Operational ResearchSociety. It highlights recent scientific advances in operational research andmanagement science (OR/MS), with a focus on linking OR/MS with other areas ofquantitative methods in a multidisciplinary framework. Topics covered includeareas such as business process modeling, supply chain management, organizationperformance and strategy planning, revenue management, financial applications,production planning, metaheuristics, logistics, inventory systems, and energysystems.
Operational Research in the Era of Digital Transformation and Business Analytics: BALCOR 2020, Thessaloniki, Greece, September 30-October 3, 2020 (Springer Proceedings in Business and Economics)
by Nikolaos F. Matsatsinis Fotis C. Kitsios Michael A. Madas Maria I. KamariotouThis proceedings volume presents new methods and applications in Operational Research and Management Science with a special focus on Business Analytics. Featuring selected contributions from the XIV Balkan Conference on Operational Research held in Thessaloniki, Greece in 2020 (BALCOR 2020), it addresses applications and methodological tools or techniques in various areas of Operational Research, such as agent-based modelling, big data and business analytics, data envelopment analysis, data mining, decision support systems, fuzzy systems, game theory, heuristics, metaheuristics and nature inspired optimization algorithms, linear and nonlinear programming, machine learning, multiple criteria decision analysis, network design and optimization, queuing theory, simulation and statistics.
Operational Research Methods in Business, Finance and Economics: Proceedings of the 31st European Conference on Operational Research, Athens, Greece, July 11-14, 2021 (Lecture Notes in Operations Research)
by Constantin Zopounidis Angeliki Liadaki Marianna EskantarThis book gathers selected high-quality papers presented at the 31st European Conference on Operational Research, which was held in Athens, Greece on June 11-14, 2021.It highlights the latest advances in the application of operations research (OR) to technology-driven areas in business, finance, and economics, covering both theoretical and methodological developments, as well as real-world case studies. It also explores the connections between OR and other analytical disciplines, such as soft computing and computer science, which can promote the development of new decision support technologies.
Operational Resilience in Finanzinstituten: Grundlagen, Beispiele und Anwendungen
by Udo MilkauDieses Buch zeigt zum einen die aktuellen wissenschaftlichen Entwicklungen der „Risk Science“ auf und überträgt sie auf Finanzinstitute. Zum anderen wird aus einer pragmatischen Sicht die Auswirkung der aktuellen Digitalisierung auf mögliche Risiken betrachtet, wobei auch die externe Wahrnehmung der Gesellschaft auf Entwicklungen in Banken und speziell zu Themen wie der Anwendung der Künstlichen Intelligenz einbezogen wird. Damit schlägt dieses Buch eine Brücke zwischen Wissenschaft, öffentlicher Wahrnehmung und praktischen Maßnahmen in Banken. Während das bisherige Risikomanagement in Banken stark von den regulatorischen Vorgaben zur Messung und Berechnung von regulatorische Eigenkapitalanforderungen geprägt ist, hat sich mit Blick auf hochrisikoreiche und risiko-sensitive Industrien in den letzten Jahren eine umfassende „Risk Science“ entwickelt, welche aber kaum einen Rückfluß zu Finanzinstituten hatte. Mit den Anfang 2021 publizierten Anforderungen von verschiedenen Bankaufsehern an eine „Resilienz“ von Banken im Sinne einer Vorkehrung gegen Unterbrechungen des operativen Betriebs unter Annahme von „disruptiven“ Ereignissen hat sich dieser Fokus verschoben.
Operational Risk
by Frank J. Fabozzi Svetlozar T. Rachev Anna S. ChernobaiWhile operational risk has long been regarded as a mere part of "other" risks--outside the realm of credit and market risk--it has quickly made its way to the forefront of finance. In fact, with implementation of the Basel II Capital Accord already underway, many financial professionals--as well as those preparing to enter this field--must now become familiar with a variety of issues related to operational risk modeling and management.Written by the experienced team of Anna Chernobai, Svetlozar Rachev, and Frank Fabozzi, Operational Risk will introduce you to the key concepts associated with this discipline. Filled with in-depth insights, expert advice, and innovative research, this comprehensive guide not only presents you with an abundant amount of information regarding operational risk, but it also walks you through a wide array of examples that will solidify your understanding of the issues discussed.Topics covered include:The main challenges that exist in modeling operational risk.The variety of approaches used to model operational losses.Value-at-Risk and its role in quantifying and managing operational risk.The three pillars of the Basel II Capital Accord.And much more.
Operational Risk Management: Best Practices in the Financial Services Industry (The Wiley Finance Series)
by Ariane ChapellePraise for Operational Risk Management "Ariane Chapelle is one of the world's leading teachers, thinkers and writers about operational risk. The combination of her professional experience as a practitioner in the financial services industry and her role as an advisor to regulators makes this textbook a must-read at all levels of both regulated and unregulated financial institutions." —Amédée Prouvost, Director, Operational Risk, The World Bank "Insightful...That's the first adjective that came to mind when I read this book. Operational Risk Management: Best Practices in the Financial Services Industry offers a 360-degree perspective of operational risk, from triggers and causes to direct and indirect consequences. Besides, the book provides practical tips to set up an effective operational risk and control framework. There is not a single aspect of operational risk that is left in the shade – everything is brought to light – even the trickiest aspects such as Risk Appetite. This book is a must-read for any all-around OpRisk Manager!" —Dr. Bertrand K. Hassani, Université Paris 1 Panthéon-Sorbonne; Chief Solutions Officer, General Manager, INSTADEEP "The collection of Dr. Chapelle's knowledge and practitioner expertise, combined with her widely acknowledge ability to communicate complex ideas in a forthright and clear manner, makes this textbook a very valuable addition to any practitioner seeking clear, accurate, timely and insightful knowledge of key aspects of Operational Risk practice. I strongly endorse this text to practitioners seeking guidance on best practices in operational management." —Prof. Gareth W. Peters, Chair Professor of Risk and Insurance, Heriot-Watt University, Edinburgh, UK The Authoritative Guide to the Best Practices in Operational Risk Management Operational Risk Management offers the most current information available for putting in place an effective risk management program for a financial services firm. Comprehensive in scope, the book outlines the frameworks, tools and techniques that successful firms use to identify, assess, mitigate and monitor risk within their organisations. The different chapters present a holistic approach, which helps to clarify the relationship between the different components of a risk management framework and offers a consistent view of effective risk management. This flexible framework can be tailored to each firm based on its own practices, size and business complexity. Operational Risk Management offers the information risk managers need not only to help their organisations avoid crises, but also to safely recognise new opportunities, achieve their full potential, and reach new heights of success.
Operational Risk Management: A Complete Guide for Banking and Fintech (Wiley Finance)
by Philippa X. GirlingIdentify, assess, and mitigate operational risk with this practical and authoritative guide In the newly revised second edition of Operational Risk Management: A Complete Guide for Banking and Fintech, accomplished risk executive and expert Philippa Girling delivers an insightful and practical exploration of operational risk in organizations of all sizes. She offers risk professionals and executives the tools, strategies, and best practices they need to mitigate and overcome ever-present operational risk challenges that impact business in all industries. This latest edition includes: Insight into how operational risk can be effectively managed and measured in today's digital banking age. Updates on the latest regulatory guidance on operational risk management requirements in all aspects of the operational risk framework. Updates on the new Basel II capital modeling methodology for operational risk. New explorations of operational risk events in recent years including the impact of the global Covid-19 pandemic. Updated case studies including large events at Wells Fargo, Credit Suisse and Archegos Capital Management. Ideal for executives, managers, and business leaders, Operational Risk Management is also the perfect resource for risk and compliance professionals who wish to refine their abilities to identify, assess, mitigate, and control operational risk.
Operational Risk Management
by Philippa X. GirlingA best practices guide to all of the elements of an effective operational risk frameworkWhile many organizations know how important operational risks are, they still continue to struggle with the best ways to identify and manage them. Organizations of all sizes and in all industries need best practices for identifying and managing key operational risks, if they intend on exceling in today's dynamic environment.Operational Risk Management fills this need by providing both the new and experienced operational risk professional with all of the tools and best practices needed to implement a successful operational risk framework. It also provides real-life examples of successful methods and tools you can use while facing the cultural challenges that are prevalent in this field.Contains informative post-mortems on some of the most notorious operational risk events of our timeExplores the future of operational risk in the current regulatory environmentWritten by a recognized global expert on operational riskAn effective operational risk framework is essential for today's organizations. This book will put you in a better position to develop one and use it to identify, assess, control, and mitigate any potential risks of this nature.
Operational Risk Management: A Practical Approach to Intelligent Data Analysis (Statistics in Practice #106)
by Ron S. Kenett Yossi RaananModels and methods for operational risks assessment and mitigation are gaining importance in financial institutions, healthcare organizations, industry, businesses and organisations in general. This book introduces modern Operational Risk Management and describes how various data sources of different types, both numeric and semantic sources such as text can be integrated and analyzed. The book also demonstrates how Operational Risk Management is synergetic to other risk management activities such as Financial Risk Management and Safety Management. Operational Risk Management: a practical approach to intelligent data analysis provides practical and tested methodologies for combining structured and unstructured, semantic-based data, and numeric data, in Operational Risk Management (OpR) data analysis. Key Features: The book is presented in four parts: 1) Introduction to OpR Management, 2) Data for OpR Management, 3) OpR Analytics and 4) OpR Applications and its Integration with other Disciplines. Explores integration of semantic, unstructured textual data, in Operational Risk Management. Provides novel techniques for combining qualitative and quantitative information to assess risks and design mitigation strategies. Presents a comprehensive treatment of "near-misses" data and incidents in Operational Risk Management. Looks at case studies in the financial and industrial sector. Discusses application of ontology engineering to model knowledge used in Operational Risk Management. Many real life examples are presented, mostly based on the MUSING project co-funded by the EU FP6 Information Society Technology Programme. It provides a unique multidisciplinary perspective on the important and evolving topic of Operational Risk Management. The book will be useful to operational risk practitioners, risk managers in banks, hospitals and industry looking for modern approaches to risk management that combine an analysis of structured and unstructured data. The book will also benefit academics interested in research in this field, looking for techniques developed in response to real world problems.
Operational Risk Management
by WileyA practical guide to identifying, analyzing and tackling operational risk in banks and financial institutions Created for banking and finance professionals with a desire to expand their management skill set, this book focuses on operational risk and operational risk events, as distinct from other types of functional risks. It was written by the experts at the world-renowned Hong Kong Institute of Bankers, an organization dedicated to providing the international banking community with education and training. Schools you in techniques for analyzing the operational risk exposure of banking institutions and assessing how operational risk impacts on other types of risk Provides expert guidance on how to design, plan and implement systems for operational risk management and quality control Describes a comprehensive approach to operational risk management that includes data collection, modeling and an overall risk management structure Shows you how to develop operational risk management solutions to help your company minimize losses without negatively impacting its ability to generate gains Offers expert guidance on various regulatory frameworks and how the latest Basel II and Basel III requirements impact a bank's operational risk management strategy and framework