The Bayesian approach to analysis of financial operational risk

The article provides a short overview of methods for constructing mathematical models in the form of Bayesian Networks for modeling operational risks under conditions of uncertainty. Let’s provide the sequence of actions necessary for creating a model in the form of the network, methods for computing a probabilistic output in BN, and give examples of using the tool to solve practical problems of operational financial risk estimation. The study results can be used by financial institutions as a tool for resolving specific practical issues of risk estimation. The object of research: methods for constructing Bayesian Networks for modeling operational risk in financial institutions. Investigated problem: modeling operational risk under conditions of uncertainty. The main scientific results: overview of methods for constructing Bayesian Networks for modeling operational risk under conditions of uncertainty; the methodology in the form of sequence of actions necessary for creating the model in the form of the network; methods for computing a probabilistic output in BN; examples of applying such approaches to solve practical problems of operational financial risk estimation. The area of practical use of the research results: The research results can be used in the following financial institutions: banking system, insurance and investment companies. Innovative technological product: computer based decision support system, allowing for high quality modeling and estimation of operational risks. Scope of the innovative technological product: the practice of usage the proposed models in financial organizations provides an evidence of their high efficiency in terms of formal description and estimation of operational ris

Developing an inter-enterprise alignment maturity model: research challenges and solutions

Business-IT alignment is pervasive today, as organizations strive to achieve competitive advantage. Like in other areas, e.g., software development, maintenance and IT services, there are maturity models to assess such alignment. Those models, however, do not specifically address the aspects needed for achieving alignment between business and IT in inter-enterprise settings. In this paper, we present the challenges we face in the development of an inter-enterprise alignment maturity model, as well as the current solutions to counter these problems

Impact of EU duty cycle and transmission power limitations for sub-GHz LPWAN SRDs : an overview and future challenges

Long-range sub-GHz technologies such as LoRaWAN, SigFox, IEEE 802.15.4, and DASH7 are increasingly popular for academic research and daily life applications. However, especially in the European Union (EU), the use of their corresponding frequency bands are tightly regulated, since they must confirm to the short-range device (SRD) regulations. Regulations and standards for SRDs exist on various levels, from global to national, but are often a source of confusion. Not only are multiple institutes responsible for drafting legislation and regulations, depending on the type of document can these rules be informational or mandatory. Regulations also vary from region to region; for example, regulations in the United States of America (USA) rely on electrical field strength and harmonic strength, while EU regulations are based on duty cycle and maximum transmission power. A common misconception is the presence of a common 1% duty cycle, while in fact the duty cycle is frequency band-specific and can be loosened under certain circumstances. This paper clarifies the various regulations for the European region, the parties involved in drafting and enforcing regulation, and the impact on recent technologies such as SigFox, LoRaWAN, and DASH7. Furthermore, an overview is given of potential mitigation approaches to cope with the duty cycle constraints, as well as future research directions

Organizing for Higher Performance: Case Studies of Organized Delivery Systems

Offers lessons learned from healthcare delivery systems promoting the attributes of an ideal model as defined by the Fund: information continuity, care coordination and transitions, system accountability, teamwork, continuous innovation, and easy access

Organic farming policy networks in Europe: context, actors and variation

Despite most having developed under the umbrella of the Common Agricultural Policy (CAP), national-level organic farming policy networks in Europe vary. The aim of this paper is to explore the reasons for this variation. Quantitative network analyses were carried out in five 'old' and five 'new' EU member states and in Switzerland. To examine the patterns of influence on these eleven policy networks, the cases are compared in two stages. First, we examine the factors co-varying with the size and density of the networks and then we apply a most similar system - most different outcome research design. We identify the political environment as the main factor affecting size and density of organic farming policy networks in Europe. The distribution of power between organic farming organizations and agricultural ministries is influenced by state involvement and by the resources available to organic farming policy actors

The impact of central government steering and local network dynamics on the performance of mandated service delivery networks: the case of the Primary Health Care networks in Flanders

This paper focuses on the impact of central – local relations on the performance of local service delivery networks set up by central government. Analyzing network literature leaves us with some questions about the impact of coordination strategies of central government as a possible determinant of network-level effectiveness for this type of network and the possible interaction between central government coordination (as part of the network context) and internal network dynamics and the combined effects hereof on the effectiveness of mandated service delivery networks in particular. Our analysis shows that both levels are important to explain the outcomes of the Primary Health Care networks in Flanders. Our study also leads to some important observations about the meaning of ‘central government coordination’ in this context

Understanding informal networks in higher education institutions : theoretical concepts from a Russian and Norwegian perspective

This article discusses theoretical concepts with regard to informal networks in the Russian and Norwegian society and higher education institutions (HEI) in particular. Informal networks are operative in both public and private organizations criss-crossing social and job-related networks within these organizations. Formal and informal contacts between representatives of HEIs in the Barents region are often the result of years of close cooperation on student exchange, research projects and joint academic programmes. The aim of this study is to explain theoretical perspectives in relation to informal networks from a Norwegian and a Russian perspective. Understanding both perspectives is essential before describing informal networks across different HEIs in the Barents region and valuable if we seek to study the impact of informal networks on the formal decision-making process. Informal networks are perceived differently because the formal structure in which they operate is different. Analysing the formal structure is therefore suggested in order to better understand the different perspectives surrounding formal/informal networks.acceptedVersio

Evaluation of the Community Leadership Project 2.0

Social Policy Research Associates (SPR), the contracted evaluator for CLP, began work partway through the first phase of CLP and has continued its role for CLP 2.0. SPR's overall goals for the evaluation are to: (1) inform improvements in CLP 2.0 implementation; (2) share lessons with the philanthropic field on effective capacity-building strategies for small organizations working in low-income communities and communities of color; and (3) assess the impact of CLP 2.0 on community grantees. This report focuses specifically on the launching of CLP 2.0 and on community grantees' characteristics and capacity levels at baseline

Perspective study: governance for C2C

This perspective study will serve as frame of reference for follow-up activities and exchanges both within and outside the Cradle to Cradle Network (C2CN) and it aims to reflect the current challenges and opportunities associated with implementing a Cradle to Cradle approach. In total, four perspective studies have been written, in the areas on industry, area spatial development, governance and on the build theme