New Frontiers in Enterprise Risk Management

1. Front Matter

   Pages i-viii

   PDF

2. Preliminary

   1. Introduction

      • D. L. Olson, D. Wu

      Pages 3-6

   2. The Human Reaction to Risk and Opportunity

      • D. R. Koenig

      Pages 7-21

3. ERM Perspectives

   1. Enterprise Risk Management: Financial and Accounting Perspectives

      • D. Wu, D. L. Olson

      Pages 25-38

   2. An Empirical Study on Enterprise Risk Management in Insurance

      • M. Acharyya

      Pages 39-55

   3. Supply Chain Risk Management

      • D. L. Olson, D. Wu

      Pages 57-67

   4. Two Polar Concept of Project Risk Management

      • S. M. Seyedhoseini, S. Noori, M. AliHatefi

      Pages 69-92

4. ERM Technologies

   1. The Mathematics of Risk Transfer

      • M. Escobar, L. Seco

      Pages 95-112

   2. Stable Models in Risk Management

      • P. Olivares

      Pages 113-124

   3. Hybrid Calibration Procedures for Term Structure Models

      • T. Schmidt

      Pages 125-143

   4. The Sarbanes-Oxley Act and the Production Efficiency of Public Accounting Firms

      • H. Chang, H. L. Choy, W. W. Cooper, M. -H. Lin

      Pages 145-161

   5. Credit Risk Evaluation Using Neural Networks

      • Z. Yang, D. Wu, G. Fu, C. Luo

      Pages 163-179

   6. Applying the Real Option Approach to Vendor Selection in IT Outsourcing

      • Q. Cao, K. Leggio

      Pages 181-192

5. Applications of ERM in China

   1. Assessment of Banking Operational Risk

      • C. Zhang, W. Zhu, S. Yang, J. French

      Pages 195-208

   2. Case Study of Risks in Cailing Chemical Corporation

      • X. Kefan, C. Gang, C. Yun, W. Gui-Xuan

      Pages 209-222

   3. Information Technology Outsourcing Risk: Trends in China

      • D. Wu, D. L. Olson, D. Wu

      Pages 223-236

Risk management has become a critical part of doing business in the twenty-first century. This book is a collection of material about enterprise risk management, and the role of risk in decision making. Part I introduces the topic of enterprise risk management. Part II presents enterprise risk management from perspectives of finance, accounting, insurance, supply chain operations, and project management. Technology tools are addressed in Part III, including financial models of risk as well as accounting aspects, using data envelopment analysis, neural network tools for credit risk evaluation, and real option analysis applied to information techn- ogy outsourcing. In Part IV, three chapters present enterprise risk management experience in China, including banking, chemical plant operations, and information technology. Lincoln, USA David L. Olson Toronto, Canada Desheng Wu February 2008 v Contents Part I Preliminary 1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 David L. Olson & Desheng Wu 2 The Human Reaction to Risk and Opportunity . . . . . . . . . . . . . . . . . . . 7 David R. Koenig Part II ERM Perspectives 3 Enterprise Risk Management: Financial and Accounting Perspectives . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Desheng Wu & David L. Olson 4 An Empirical Study on Enterprise Risk Management in Insurance . . 39 Madhusudan Acharyya 5 Supply Chain Risk Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 David L. Olson & Desheng Wu 6 Two Polar Concept of Project Risk Management. . . . . . . . . . . . . . . . . . 69 Seyed Mohammad Seyedhoseini, Siamak Noori & Mohammed AliHatefi Part III ERM Technologies 7 The Mathematics of Risk Transfer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 Marcos Escobar & Luis Seco 8 Stable Models in Risk Management. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• Accounting Risk Management
• Credit Risk
• Enterprise Risk Management
• Finance
• Financial Risk Management
• Information Technology (IT)
• Outsourcing
• Risk Management
• Supply Chain Operations Risk
• banking
• data envelopment
• management
• networks
• production
• project management

• Department of Management, University of Nebraska, Lincoln, USA

  David L. Olson

• RiskLab, University of Toronto, Toronto, Canada

  Desheng Wu

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