On how to define, understand and describe risk

Aven, Terje

doi:10.1016/j.ress.2010.01.011

Cited by 277 publications

(182 citation statements)

References 17 publications

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“…Risk is a situation or event where something of human value (including humans themselves) is at stake and where the outcome is uncertain [20] . Outcomes, usually negative when related to risk, are also uncertain and vary in severity.…”

Section: Theme 5: a Core Problem Inherent In Nurses Who Are Addictedmentioning

confidence: 99%

Emerging from the darkness and stepping into the light: Implementing an understanding of the experience of nurse addiction into nursing education

Burton

2014

JNEP

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Abuse of drugs and alcohol occurs across all cultures, generations, and occupations, including nursing. Nurse addiction is a topic of serious concern that is often dismissed or ignored in the profession. Impaired nurses can become dysfunctional in their ability to provide safe, appropriate patient care. This qualitative study explored the lived experience of nurses who have been addicted to substances. Knowledge of this phenomenon may help guide nurses, nurse educators, and nursing students more accurately understand the reality of substance use disorder in the profession. In this qualitative study, 14 nurse addicts in recovery were interviewed about their experiences and risk perceptions. Analysis was conducted through coding, the identification of meanings and themes, and the use of qualitative research software. Five themes were identified from the study: (a) Fear was a significant part of the experience of being a nurse who was addicted; (b) Shame and guilt were felt by nurses who were addicted; (c) Poor coping: Addicted nurses reported having underdeveloped coping skills; (d) Control: Addicted nurses felt an increased need to control their environments; and (e) A core problem inherent in nurses who were addicted was a belief that addiction would never happen to them. Discussion of the five identified themes was followed by a discussion about addiction risk, prevention, and suggestions for application in nursing education. Participants discussed their experience with nurse addiction in their nursing education experiences and offered suggestions for more effective ways to teach the subject in nursing school. Implications for nursing education were then discussed, including using peer educators, namely, recovering nurse addicts, as teachers of this subject. Implications for nurses globally are presented. Finally, the overall theme identified was that addicted nurses often felt misunderstood and judged, and they desired to be accepted among others in the profession.

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Section: Theme 5: a Core Problem Inherent In Nurses Who Are Addictedmentioning

confidence: 99%

Emerging from the darkness and stepping into the light: Implementing an understanding of the experience of nurse addiction into nursing education

Burton

2014

JNEP

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“…To measure risk quantitatively, Kaplan and Garrick defines a tuple of three parameters , , where represents a scenario (an event), the probability of scenario S and its consequence (Aven, 2010). The current model relies on these three parameters for its risk quantification.…”

Section: Risk Modelmentioning

confidence: 99%

(Value, Risk)-based Performance Evaluation of Manufacturing Processes

Shah

Etienne²,

Siadat³

et al. 2012

IFAC Proceedings Volumes

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A value/risk -based performance evaluation framework is proposed in the context of manufacturing processes at the industrialization phase of product development. Various risk factors of the manufacturing process are identified through Failure Mode and Effect Analysis (FMEA) and then embedded in the process plan models. Modelling and simulation are then employed for determining the value a process plan can create and the risk it is exposed to. Alternative scenarios are developed, simulated and compared with a reference scenario. The methodology is illustrated with a case study issued from parts manufacturing but is applicable to a wide range of other processes.

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“…It is referred as a possible danger, a likely vulnerability, a suspicion in investment return, and a probable uncertainty etc. (Aven, 2010(Aven, , 2012Aven & Renn, 2010). Though risk (or uncertainty) is also regarded positive in some contemporaneous developments (Levin, 2012;Hopkin, 2014), for our reader's clarity, (unless mentioned) this manuscript only recognizes risk as a disruptive, negative, and unwanted phenomenon.…”

Section: Introductionmentioning

confidence: 98%

Risk leveling in business environments - A novel approach for macro risk management

Rasheed

Wang

Yaqub³

et al. 2015

JIEM

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Abstract:Purpose: The purpose of this study is to presents a specialized risk management approach and a structured risk management methodology for optimizing the macro business environments in turbulent business spheres.Design/methodology/approach: In this work, we present a specialized approach called 'Risk Leveling', and an organized risk management methodology known as 'Risk Leveling in Business Environments (RLBE)'. The Risk Leveling approach guides on how to deal with the contextual turbulences in order to attempt the ideal business settings, and the RLBE methodology provides an operational procedure to evaluate and manage the macro risks in a designated way.RLBE follows a multi-tier approach towards divergent risks and focuses on balancing the risky macro environs facing the business (segment). While observing risk mitigations, this approach recommends utilizing the available resources in a systematic and efficient way. The RLBE procedure directs how to reduce the risks to match them with the enterprises' risk tolerance; it also attempts to diminish the mutual risk disparities giving rise a context in which no risk is seen too big or too small comparative to the others. In order to actualize the desired, the RLBE process utilizes a mix of group decision methods (i.e. Brainstorming, Delphi, Three Point Estimates), analysis tools (i.e. Analytical Hierarchy Process (AHP)), and philosophies (i.e. As Low As Reasonably Practicable (ALARP)) in an orderly fashion.-738-Journal of Industrial Engineering and Management -http://dx.doi. org/10.3926/jiem.1293 Findings: Risk Leveling procedure presented in the study adopts the standard risk management process, attempts to pacify macro risks, and strives to achieve risk leveled environments for the industry. During its course to pursue the best business settings, RLBE favors to conserve the scarce organizational resources by utilizing them systematically.Originality/value: This approach can be practiced by the regimes to pacify and regulate the macro risks in the turbulent market segments.

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On how to define, understand and describe risk

Cited by 277 publications

References 17 publications

Emerging from the darkness and stepping into the light: Implementing an understanding of the experience of nurse addiction into nursing education

Emerging from the darkness and stepping into the light: Implementing an understanding of the experience of nurse addiction into nursing education

(Value, Risk)-based Performance Evaluation of Manufacturing Processes

Risk leveling in business environments - A novel approach for macro risk management

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