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|Title:||On a framework for Strategic and Tactical Risk Management|
|Citation:||Chengwei, L.,Min, X.,Habibullah, M.S. (2008). On a framework for Strategic and Tactical Risk Management. 2008 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2008 : 1319-1323. ScholarBank@NUS Repository. https://doi.org/10.1109/IEEM.2008.4738084|
|Abstract:||Strategic and Tactical Risk Management (STRM) is a risk management tool providing users with a framework to assess, monitor and manage the safety of their systems in the short and long term basis. It consists of 2 levels of analyses: the Tactical Safety Assessment (TSA) and the Strategic Safety Assessment (SSA). The tactical level analysis serves to provide a quantitative assessment of the safety of the system when a stimulus is introduced into it. The strategic level analysis helps users to improve the overall safety of the system in a long term perspective by detecting deficiencies in the safety of the system and organization. Systems can be meaningfully categorized with respect to the type of risk management needs that are pertinent to them - Understanding, Developed and Revitalize. An illustration of the application of the STRM framework will be presented on a chore of boiling water using a non-electronic kettle. © 2008 IEEE.|
|Source Title:||2008 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2008|
|Appears in Collections:||Staff Publications|
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