Sharif Digital Repository

Enterprise risk management (ERM) has emerged as a more integrated risk management (IRM) framework in recent years. Many studies have been conducted in recent years to determine the effects of ERM implementation on other parts of an organization. The purpose of this research was to explore the relationship between ERM implementation and organizational performance. The research sample consisted of Iranian banks that either had a license from the central bank of Iran (CBI) or were active in the stock market. A novel measure of ERM implementation was employed in this study. Furthermore, the return on equity (ROE) and Tobin's Q ratio were used as two measures of organizational performance. The... 

Time management can be effective in a project when the project schedule is based on comprehensive time scheduling. In the industries with complicated processes, many uncertainties and risks affect the timing of projects. Considering the very low reliability of the project planning in certainty-based approach, using more secure models for control and interact with uncertainty should be placed on the agenda. Iranian Gas Company has been using risk management to manage probable uncertainties in construction projects but in the field of possible uncertainties, actions are very scarce. This article aims to propose an optimum model based on the integrated risk management and fuzzy expert systems... 

The infrastructure provided by a Grid enables researchers to collaboratively solve various research problems through sharing their resources and establishing virtual organizations (VOs). However, the distributed and dynamic nature of a Grid VO is a challenge for access control systems. All users in a VO have responsibilities which correspond to their rights. While they should be able to make use of all VO resources, irresponsibility and permission misuse (insider attack) impose costs and losses on the affected resources. Hence, the history of users' behavior and the possibility of misuse need to be considered in the resource providers' risk management process. In this paper, we propose the... 

The infrastructure provided by a Grid enables researchers to collaboratively solve various research problems through sharing their resources and establishing virtual organizations (VOs). However, the distributed and dynamic nature of a Grid VO is a challenge for access control systems. All users in a VO have responsibilities which correspond to their rights. While they should be able to make use of all VO resources, irresponsibility and permission misuse (insider attack) impose costs and losses on the affected resources. Hence, the history of users' behavior and the possibility of misuse need to be considered in the resource providers' risk management process. In this paper, we propose the... 

The present study presents a new risk-constrained bidding strategy formulation of large electric utilities in, presence of demand response programs. The considered electric utility consists of generation facilities, along with a retailer part, which is responsible for supplying associated demands. The total profit of utility comes from participating in day-ahead energy markets and selling energy to corresponding consumers via retailer part. Different uncertainties, such as market price, affect the profit of the utility. Therefore, here, attempts are made to make use of Information Gap Decision Theory (IGDT) to obtain a robust scheduling method against the unfavorable deviations of the market... 

The complex structure of the power system and the pivotal role of electrical energy in determining the socio-economic indicators of any countries lead the policy makers of power industry to take into account the expansion planning of generation system with high priority. Considering the intense fluctuations of costs in electrical energy generation (particularly due to variation of fuel prices within the recent years in the Middle East), finding an optimal generation portfolio, regardless of the costs variations risk looks impossible. The portfolio theory, as an efficient tool for risk management, provides a proper solution to materialize the optimal generation portfolios with the following... 

Engineering, procurement and construction (EPC) contracts are commonly used for the construction of oil and gas production facilities. These projects are subjected to many uncertainties. EPC contractors often assume most of the project risks. Several studies have focused on the identification and analysis of EPC project risks. However, they generally fail to define appropriate and effective risk management strategies. The objective of this study is to define efficient risk mitigation strategies that can be utilized in EPC oil and gas projects. A comprehensive review of literature was conducted to identify the risks in EPC projects. Experts' opinion were used to analyze and categorize these... 

Demand response programs can be regarded as a risk management approach for retailers in electricity market. In case of high wholesale electricity price, implementation of demand response will reduce the economic risk exposure of the retailer. Realization of demand response requires investment in various sectors, and therefore, there is a need for economic valuation in order to determine the economic profit gained. This paper attempts to evaluate the economic value of demand response programs by the use of real option valuation method. In this regard, at first demand response programs are converted to option contracts. Then, the profit of retailer resulting from the demand response is...