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Globalization trends and the rapid pace of technological innovations have introduced unprecedented change and uncertainty. For unprepared businesses, the drivers of the Fourth Industrial Revolution will become a constant source of surprise and crises will unfold at an ever-increasing rate. To thrive under these conditions, companies must adopt new risk management technologies and practices that enable business leaders to better anticipate and adjust to changing dynamics. This book helps readers understand how algorithm-based predictive and prescriptive analytics principles can be used to control risk in today’s dynamic business environment. It serves as a reference guide for business leade...
The authors offer a revolutionary solution to risk management. It’s the unknown risks that keep leaders awake at night—wondering how to prepare for and steer their organization clear from that which they cannot predict. Businesses, governments and regulatory bodies dedicate endless amounts of time and resources to the task of risk management, but every leader knows that the biggest threats will come from some new chain of events or unexpected surprises—none of which will be predicted using conventional wisdom or current risk management technologies and so management will be caught completely off guard when the next crisis hits. By adopting a scientific approach to risk management, we can escape the limited and historical view of experience and statistical based risk management models to expose dynamic complexity risks and prepare for new and never experienced events.
Dynamic complexity results from hidden, unknown factors—or more precisely, interactions between factors—that can unexpectedly impact the performance of systems. When the influences of dynamic complexity are not measured and understood, new never-seen-before behaviors can come as unwelcomed surprises, which disrupt the performance of systems. Left alone, processes that were once prized for their efficiency unexpectedly begin to degrade—costs increase, while volumes and quality decline. Evidence of problems may come too late for effective resolution as technology advancements induce rapid change and compress the time available to react to that change. The results of dynamic complexity ar...
The CIM-Europe provides a focal point for reporting on progress in Computer Integrated Manufacturing (CIM). CIM practitioners, decision makers and researchers exchange experiences gained in developing and implementing CIM technologies. This work deals with the application of technology innovation to industrial demand.
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A young mother strives for a better tomorrow. Lynda Page's Annie is a gripping saga of a woman's struggle against poverty and hardship, to create a better life for herself and her son. Perfect for fans of Dilly Court and Cathy Sharp. When Charlie Higgins is unfairly dismissed from his job in a Leicester shoe factory his family become crippled by poverty. Refusing to surrender to her husband's misfortunes, Annie manages to keep food on the table and faith in their hearts. Until tragedy strikes again. With the threat of the workhouse looming over them, Annie and her young son Georgie seek refuge with their only relatives: the Burbages - a family they have never met and know nothing about. Adap...