CoRiMaS—An Ontological Approach to Cooperative Risk Management in Seaports

For today’s global value chains, seaports and their operations are indispensable components. In many cases, the cargo handling takes place in close proximity to residential and/or environmentally sensitive areas. Furthermore, seaports are often not operated by a single organization, but need to be considered as communities of sometimes hundreds of internal and external stakeholders. Due to their close cooperation in the cargo handling process, risk management should be a common approach among the internal stakeholders as well in order to effectively mitigate and respond to emerging risks. However, empirical research has revealed that risk management is often limited to the organization itself, which indicates a clear lack of cooperation. Primary reasons in this regard are missing knowledge about the relations and responsibilities within the port and differing terminologies. Therefore, we propose an ontology (CoRiMaS) that implements a developed reference model for risk management that explicitly aims at seaports with a cooperative approach to risk management. CoRiMaS has been designed looking at the Semantic Web and at the Linked Data model to provide a common interoperable vocabulary in the target domain. The key concepts of our ontology comprise the hazard, stakeholder, seaport, cooperation aspect, and risk management process. We validated our ontology by applying it in a case study format to the Port of Hamburg (Germany). The CoRiMaS ontology can be widely applied to foster cooperation within and among seaports. We believe that such an ontological approach has the potential to improve current risk management practices and, thereby, to increase the resilience of operations, as well as the protection of sensitive surrounding areas.</jats:p

A Mechanism-Based Explanation of the Institutionalization of Semantic Technologies in the Financial Industry

Part 3: Creating Value through ApplicationsInternational audienceThis paper explains how the financial industry is solving its data, risk management, and associated vocabulary problems using semantic technologies. The paper is the first to examine this phenomenon and to identify the social and institutional mechanisms being applied to socially construct a standard common vocabulary using ontology-based models. This standardized ontology-based common vocabulary will underpin the design of next generation of semantically-enabled information systems (IS) for the financial industry. The mechanisms that are helping institutionalize this common vocabulary are identified using a longitudinal case study, whose embedded units of analysis focus on central agents of change—the Enterprise Data Management Council and the Object Management Group. All this has important implications for society, as it is intended that semantically-enabled IS will, for example, provide stakeholders, such as regulators, with better transparency over systemic risks to national and international financial systems, thereby mitigating or avoiding future financial crises

A model for digital preservation repository risk relationships

The paper introduces the Preserved Object and Repository Risk Ontology (PORRO), a model that relates preservation functionality with associated risks and opportunities for their mitigation. Building on work undertaken in a range of EU and UK funded research projects (including the Digital Curation Centre , DigitalPreservationEurope and DELOS ), this ontology illustrates relationships between fundamental digital library goals and their parameters; associated rights and responsibilities; practical activities and resources involved in their accomplishment; and risks facing digital libraries and their collections. Its purpose is to facilitate a comprehensive understanding of risk causality and to illustrate opportunities for mitigation and avoidance. The ontology reflects evidence accumulated from a series of institutional audits and evaluations, including a specific subset of digital libraries in the DELOS project which led to the definition of a digital library preservation risk profile. Its applicability is intended to be widespread, and its coverage expected to evolve to reflect developments within the community. Attendees will gain an understanding of the model and learn how they can utilize this online resource to inform their own risk management activities

An Ontology for Product-Service Systems

Industries are transforming their business strategy from a product-centric to a more service-centric nature by bundling products and services into integrated solutions to enhance the relationship between their customers. Since Product- Service Systems design research is currently at a rudimentary stage, the development of a robust ontology for this area would be helpful. The advantages of a standardized ontology are that it could help researchers and practitioners to communicate their views without ambiguity and thus encourage the conception and implementation of useful methods and tools. In this paper, an initial structure of a PSS ontology from the design perspective is proposed and evaluated

Semantic reasoning for intelligent emergency response applications

Emergency response applications require the processing of large amounts of data, generated by a diverse set of sensors and devices, in order to provide for an accurate and concise view of the situation at hand. The adoption of semantic technologies allows for the definition of a formal domain model and intelligent data processing and reasoning on this model based on generated device and sensor measurements. This paper presents a novel approach to emergency response applications, such as fire fighting, integrating a formal semantic domain model into an event-based decision support system, which supports reasoning on this model. The developed model consists of several generic ontologies describing concepts and properties which can be applied to diverse context-aware applications. These are extended with emergency response specific ontologies. Additionally, inference on the model performed by a reasoning engine is dynamically synchronized with the rest of the architectural components. This allows to automatically trigger events based on predefined conditions. The proposed ontology and developed reasoning methodology is validated on two scenarios, i.e. (i) the construction of an emergency response incident and corresponding scenario and (ii) monitoring of the state of a fire fighter during an emergency response

Enterprise application reuse: Semantic discovery of business grid services

Web services have emerged as a prominent paradigm for the development of distributed software systems as they provide the potential for software to be modularized in a way that functionality can be described, discovered and deployed in a platform independent manner over a network (e.g., intranets, extranets and the Internet). This paper examines an extension of this paradigm to encompass ‘Grid Services’, which enables software capabilities to be recast with an operational focus and support a heterogeneous mix of business software and data, termed a Business Grid - "the grid of semantic services". The current industrial representation of services is predominantly syntactic however, lacking the fundamental semantic underpinnings required to fulfill the goals of any semantically-oriented Grid. Consequently, the use of semantic technology in support of business software heterogeneity is investigated as a likely tool to support a diverse and distributed software inventory and user. Service discovery architecture is therefore developed that is (a) distributed in form, (2) supports distributed service knowledge and (3) automatically extends service knowledge (as greater descriptive precision is inferred from the operating application system). This discovery engine is used to execute several real-word scenarios in order to develop and test a framework for engineering such grid service knowledge. The examples presented comprise software components taken from a group of Investment Banking systems. Resulting from the research is a framework for engineering servic