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Collaborative Design Project Risk Management of HVAC System

On 02/10/2014, in Management, by rain

With the rapid development of Economic and Social, the user needs personalizedincreasingly, and market changed faster and faster, so design enterprises should makefull use of network-centric information technology to integrate the various businessand community resources and use all kinds of off-site distributed resources to enhancethe design capability and competitiveness of themselves. By cooperative designapproach, a new collaborative team working model can be formed based on virtualdesigning organizational network to provide an integrated and efficient workenvironment for the HVAC (Heating Ventilation and Air Condition) systemdevelopment. In this paper, collaborative design Management issues of HVAC systemare discussed, and the main are as follows.Firstly, a cooperative design risk Management framework of HVAC system isproposed, with its system implementation. Combined with the HVAC designproblems of designing companies, and issues in synchronization, coordination andmanagement in off-site product development, a cooperative design risk managementsystem of HVAC system is built. The model includes several aspects: project-centereddesign conflict and risk management, virtual designing organizational system withman-focused design management, management processes including managementprograms and procedures on the basis of work flow, risk-based remote collaborativerisk, quality and cost management system. The system establishes a service-orientedarchitecture and workflow engine technology based on business application practice,to complete the coopeartive design framework of HVAC system for enterprisedeployment management and Engineering applications, to achieve optimum designresource allocation of human, finance, and materials.Secondly, risk identification and assessment model of HVAC system design is put forward. Through empirical research, conflict and risk factors may be in the HVACsystem co-design are summarized. By analyzing related data and risk sources, severalkey risk factors and risk variables in a HVAC system co-design are presented, and asix-demension risk assessment index system of HVAC system co-design is builtinsluding risk probability, harm, proiroty, testablity, controllability and inforamtionasymmetry to quantitativly evaluate risk by Analytic Hierarchy Process(AHP). As forthe inforamtion asymmetry of parties involved in HVAC system co-design, thereasons for the existed conflicts and risks can be further explored by game analysis,and comprehensive risk management measures are proposed to ensure interestbalancing and collaboration of all parties in collaborative design process.Lastly, according to practical problems of collaborative risk management of HVACsystem, a comprehensive cooperative optimizating model considering risk, qualityand cost is proposed. A design quality evaluation system is also built including boththe traditional HVAC design quality requirements, and new quality requirements tocoordinate with environment composing of energy, materials, environmentalprotection, full life-cycle maintenance and others. Then, the game activities betweenquality and risk, and between cost and risk are discussed especially, resulting in acomprehensive optimization objective function of the whole risk management systemsolved by Genetic Algorithm (GA). The proposed model emphasizes customer-centered, constraint by reasonable quality cost, fullly analyze and design the overallrisk of HVAC system in the early stage of product development, to achieve areasonable cost business practice with higher quality and lower risk of HVAC designby multi-objective management.

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Research on the Risk Management of the Real Estate Investment Fund

On 02/10/2014, in Management, by rain

With the rapid Economic development, real estate industry has become China’sbasic industries, and has become the dominant Economic sector. In recent years, realestate has become a new growth point of China’s national economy, the real estateindustry as a pillar industry of China in promoting national economic developmenthas played a pivotal role, is the country’s economic development thermometer. Tosome extent,China’s economy the healthy and rapid development is depended on thehealthy development of the real estate industry. The rapid development of the realestate industry also led to the development of downstream industries such asconsumer durables, building materials and other consumer, to promote the activeconsumer market, and even the overall economic growth. Real estate is a typicalmoney-driven industry. Since2003,the tightening trend of bank loans for real estatecompanies has emerged. In recent years the state has continuously raised throughmacro-control lending rates, the rising cost of real estate financing. On the otherhand, a large number of domestic private capital, but the lack of reasonableinvestment channels, so many small investors can not invest capital into the realestate industry, real estate industry can not share the benefits of rapid development.Well as an effective tool to resolve these contradictions, REITs will be launched inChina and REITs will be the major driving force of perfecting capital market andpromoting the healthy development. To the real estate industry and investors insignificant benefits at the same time, real estate Investment trusts of the potentialrisks can not be ignored. How to analyse and manage the risk of REITs effectively,for promoting the healthy development of China REITs has important theoreticaland practical significance.In the new century, as China’s financial markets continue to improve anddevelop their professional financial securities Investment fund advantage, securityinvestment fund has become the most influential institutional investors. In recentyears,risk Management of the Fund has become China’s financial theory in thestudy of one of the hot issues, especially the risk of open-end fund research. Thisarticle draw lessons from open-end fund risk measurement methods and use VaRmethods to measure real estate investment trust market risk. Also this articleelaborates a series of real estate investment trust risk factors, including interest raterisk, market risk, legal risk, operational risk and financial risk. Finally,this paper propose the suggestion that include perfecting risk release mechanism in REITs,perfecting policy environment and financial market system.

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Operating Performance Analysis of the Four Major State-owned Commercial Banks

On 25/09/2013, in Finance, by rain

With the development of market economy, people has paid more and moreattention to the financial industry, because its rise and fall have exerted an enormousinfluence on the development and stability of the overall Economic.The Commercialbank is the main body of the financial industry. Its business performance is in part areflection of the macro economy development, on the other hand,that is influenced bythe physical Economic.So it plays the role as the “regulator” and the “mirror”. Thehistory of commercial bank is very long, and its Management mode also undergoesseveral changes, from the initial assets Management to off-balance sheet management,the attention of performance evaluation also transferred accordingly. Therefore, thefinancial analysis and the performance evaluation of the commercial bank can help usunderstand the condition of business development, looking for advantage andproblems to lay a solid foundation for the future development of commercial banks ofChina to form a unique core competitiveness and win victory in the increasinglyfierce competition.This article is based on the above reasons, using the financial index system to givea comprehensive explanation and analysis about the performance of commercialbanks by means of case study, and selecting four major state-owned commercialbanks of China (Bank of China, Agricultural Bank of China, Industrial andCommercial Bank of China, Construction Bank of China)2010annual financialstatements as the analysis objects. Firstly, compared financial indicators which aredisclosed in the listed bank statement with the performance evaluation indicators ofgeneral industry Enterprise, and making an analysis of the difference from the angle ofindustry specific, pointing out the defects of the financial indexes disclosed bycommercial banks. Secondly, since the bank’s management focus on profitability,safety, liquidity, this article complements and reclassify the existing financialindicators in these three aspects. According to the intrinsic meaning of the indicators,financial indicators are divided into four aspects as profitability, capital security, riskmanagement and operational efficiency, then discussing the relationship between the specific indicators and various types of indicators briefly. Thirdly, apply there-classification index system into the operating performance evaluation of four majorcommercial banks of China to identify their shortcomings and advantages in themanagement. At the same time of comprehensive analysis, pay attention to theindicators which reflect the unique attributes of the commercial bank management.Finally, evaluating the current business, risk management, cost control situation of thefour banks, and give the recommendations to improve the performance ofCommercial Banks. In addition, make outlook combined with the development trendof banking industry of China.The starting point of this article is not to reconstruct a new performance evaluationsystem, but rather focuses on the complement and re-classification of the existingfinancial evaluation and apply it to the comparative analysis of the performance ofcommercial banks. The object is to help stakeholder understand how to use financialindex this objectivity performance evaluation tool to in-depth analysis of commercialbanks operating conditions.This article has strong practical value.

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Research on Risk Management of Manufacturing Outsourcing of Shandong Shoes

On 25/09/2013, in Agriculture, by rain

Business outsourcing represents a new business strategy, that is, contractingcompany and outsourcing business supplier sign a contract outsourcing someenterprise’s traditional business or functions to the professional and efficientoutsourcing business supplier. In recent years, business outsourcing, as a newoperation strategy, has gradually been accepted by enterprises. Leaders in globalcompetition have learned to focus on the core superiorities which can differentiatethemselves from their competitors in terms of skills and knowledge. The rational useof business outsourcing not only helps to reduce company’s production costs, to shareoperation risks, and to obtain additional margin profits, also helps to strengthen thecompany’s core superiorities. Business outsourcing has brought remarkable structuralchanges to business organizations, gradually become an extension of the strategicchange, and proved to be a source power to succeed in commercial environment.However, when enterprises enjoy numbers of advantages brought by businessoutsourcing, they shall face all the possible risks. Company tends to bear inestimablerisks if it doesn’t conduct a effective analysis, assessment, and control of businessoutsourcing. Therefore, business outsourcing risk Management has important practicalsignificance.Chapter1: Introduction. This part introduces the research background and theoverview research both at home and abroad, and puts forward the research ideas andmethods. The thesis points out the inevitability of the domestic development ofbusiness outsourcing, as a new production model, by means of investigation into thestatus quo of the development of business outsourcing models internationally.Nevertheless, there are many potential risks in the implementation of businessoutsourcing, due to the immature study on the outsourcing models, uncertainenvironment faced by the enterprises, complex relationship between businesspartnered;. Not only the outsourcing expectation will not be achieved, also the irreparable damages will be brought to the enterprises, if the enterprises don’t laidsufficient emphasis on the possible risks. Consequently, study on the businessoutsourcing risk Management has theoretical significance and practical values.Chapter2: Theories on the business outsourcing risks. Giving a systematicalpresentation of business outsourcing theories and laying a foundation for thefollowing study, this thesis at first introduces the concept and the process of riskmanagement, then presents the definition and the Management process of supplychain risk,and a detailed study of manufacturing outsourcing in the supply chain, atlast, elaborates the roles business outsourcing risk plays in supply chain, the conceptand the source of business outsourcing risk, the significance of business outsourcingrisk management, and supporting theories on the business outsourcing risks, namely,core competence theory, transaction cost theory and agency theory.Chapter3: The current situation of Shandong shoes manufacturing outsourcing.This part mainly presents the development and the outsourcing status quo ofShandong shoes manufacturingChapter4: The risk identification of Shandong shoes outsourcing. This part firstanalyses the reasons of the existence of the outsourcing risk of Shandong shoesmanufacturing, then systematically analyses the performance levels and the riskcategories of outsourcing risk of Shandong shoes manufacturing.Chapter5: The outsourcing risk assessment of Shandong shoes manufacturing.This thesis adopts hierarchy analysis to evaluate the selection of suppliers, andanalyses the contract risk and the quality risk during the implementation of thebusiness outsourcing.Chapter6: outsourcing risk control measures of Shandong shoes manufacturing.This part firstly defines the significance of outsourcing risk control of Shandong shoesmanufacturing, then discusses the specific methods.Chapter7: outsourcing risk management case study of XX shoes manufacturing.By means of the combination of theory and practice, in order to help the company toexecute the outsourcing risk management more properly and to provide some ideas tocontracting company’s risk management, this part takes the outsourcing of XX shoes manufacturing as an example to conduct detailed risk analysis and assessment, and toput forward feasible risk management strategies.Chapter8: conclusion and outlook. Starting from the overview of Shandongshoes manufacturing outsourcing and combining risk evaluation theory andoutsourcing risk management theory, this thesis analyses Shandong shoesmanufacturing outsourcing risk management and explores risk identification,evaluation and control measures by xx shoes as example. The research on theoutsourcing risk management needs to be deepened, and the following two aspectsneed improving: on the one hand, in the course of the implementation of outsourcingstrategy, it would be of theoretical and practical significance if the research on theoutsourcing risk elements could be conducted from the perspective of outsourcingsuppliers instead of from the contracting company only; on the other hand, thedynamic analysis of outsourcing risk needs to be strengthened.

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Research on Risk Assessment of International Engineering Contracting Projects

On 25/09/2013, in Management, by rain

With the development of world economy and the big step forward of China’sreform and opening up make China’s cause of international contracting achievementsin nearly three decades of development, and the cause of international contractingalready occupies a very important position in international contracting career inChina’s construction industry. However, the risk factors faced by the internationalproject is complicated and numerous, coupled with imperfect Management of China’sconstruction enterprises, especially risk Management is weak, those two factors makeChina’s construction enterprises in the international Engineering contracting projectsfacing huge the risk of challenge. It is urgent need to develop and strengthen the riskmanagement of international Engineering contracting projects, especially riskevaluation studies, because it is adapt to the requirements of the internationalenvironment, meet to the needs of survival and development of the Enterprise, meet tothe pursuit of Economic interests of the construction industry Enterprise, improve theexisting problems of China’s construction enterprises in international projectcontracting.This article based on our international engineering contracting projects. Combingthe characteristics of international projects in china, in accordance with the system’spoint of view, built the International project contracting, project risk evaluation indexsystem. Then proposed a risk evaluation method—-A MF (E)method. Using thismethod in the project before making any decision can provide a basis for decisionmaking for policy-makers; Using this method in the process of construction of theproject can track risks timely and discover the new risk factors, so the enterprises candynamically manage risk and improve the ability to resist risks.

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The Application of Economic Capital

On 25/09/2013, in Finance, by rain

The word economy has been hit by the financial crisis, but also the global insurance industryseems to be a stage of the development of the downturn. Foreign insurance companies have been defensiveor even managed an exit from Chinese market, meanwhile, the development of Chinese insurancecompanies have also entered into a period of slow growth rate. Under express financial crisis, for Chineseinsurance companies, it’s not only a challenge but also an opportunity. Whatever the regulator or theinsurance company itself are looking for how it can enhance the ability to resisting risks and how it cancreate more value under this circumstances.Economic capital is an internal Management tool to combine the risk and capital Management. Therisks can be quantitatively described by Economic capital, so this framework can consummate thecomprehensive risk management. Economic capital is also a value indicator in order to evaluate the realperformance of product line and business unit. Through almost40years, the framework of economiccapital has been fully practiced in advanced commercial banks at home and abroad. Foreign advancedinsurance company has also found the advantage of the economic capital. So it has been introduced intoinsurance industry and introduced into China.Economic capital management involves the knowledge of finance、insurance、risk management andfinancial management, so it is a complex approach. It need the support of management concepts、mathematics models、historical database、information system and theoretical research. In addition to this,the concept of economic capital has been introduced to China for only8years. So in our country thenumber of theories regarding economic capital is few and we do not have any practice experience. Butlucky, more and more insurers pay attention to researching on it. As it is said by Wei Yingning onInternational Actuarial Seminar that economic capital is a new concept of risk management in insurancecompany. It is believed that economic capital management will be practiced in Chinese insurance company.Based on many researches at present of economic capital of academic, firstly, this papersummarizes the development history and practice of the economic capital management in commercial banks. This process makes better measurement of economic capital, so it is layingthe groundwork for an application in another industry. Secondly, this paper pays attention tothe combination of induction and deduction, and analyses the possibility of the practice ofeconomic capital based on the business and the risk in insurance industry. Thirdly, through acase of ING Insurance, this paper shows the practice of economic capital management andsome key approach. Finally, this paper designs a conceptual framework which involves thekey factors of economic capital management, according to the environment in our country.

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Risk Management Research on B2C Business Model Innovation in China

On 25/09/2013, in Trade, by rain

Since the21century, business model, which has gradually become familiar withthe commercial terms, is becoming the focus of business community and academia,and also gradually shows its importance in the competition of market. As the famousmanagement master Peter·F·Drunker said:” Nowadays, the competition betweenenterprises is not the competition between products, but competition between businessmodels.”However, in the era of rapid expansion of information technology, marketenvironment rapidly change, high technology rapidly develops, preferences ofconsumer demand are changing, which posed a great challenge to the continuedoperation and development of enterprises. Especially in China’s E-business marketthis trend is more obvious: The number of enterprises is increasing, the type ofmerchandize is very abundant that includes nearly all the things needed in daily life,the goods and services these enterprises provide is becoming homogenous, all theseleads to lower consumer loyalty. The original business model, which has experienceda relatively stable phase, is facing a qualitative change. In this situation thatopportunities and challenges coexist, it is particularly important to continuousinnovate business model for the enterprises, which want to seize market opportunitiesand achieve the invincible position in the competition.At present the research on the business model of domestic and internationaltheorists theoretical focused on the concept, content and constituent elements, butdoes not form a complete and unified theoretical system as a result of differentperspectives and purposes. However the research about a series of problems in thepractice of business model innovation like how to identify, evaluate and control risk isless, which is difficult to provide practical guidance for the managers to practicebusiness innovation. Therefore, this paper attempts to establish risk indicator andappraisal system for the risk Management of B2C business model innovation, so as toprovide a viable and clear thinking about risk Management for B2C business modelinnovation.The main research contents includes as following aspects, on the study basis of theexisting business model and innovation theory, this paper describes the content,means and characters of business model innovation. On this basis with the study ofenterprise risk Management theory and E-business market environment of China, thispaper describes the means of B2C business model innovation, establishes riskevaluation indicators system, and uses expert opinions and AHP to evaluate its effectiveness, then puts forward the risk management strategy. At last, it makes caseanalysis to vancl’s business model innovation, analysis and evaluates its risk andprovides risk management strategy.The main results of this study include:(1)Paths of B2C business modelinnovation bases on the analysis of business model and its innovation.(2) Anindicators system, evaluate method and management strategy for risk of B2C businessmodel innovation on the basis of business model innovation theory and Enterprise riskmanagement theory.

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Study on the Risk Management of the Lan Shan Project

On 25/09/2013, in Management, by rain

The project risk Management is the one of the frontier international projectmanagement. We can it in a large construction projects, aerospace, defense, nuclearenergy, etc, and play an important role. Risk Management is to identify, analysis,quantity the uncertain information of a project, and to conduct accurate evaluation ofthe risk and proper risk control. However, risk Management is continuously facingnew challenges because of the complexity of the exterior environment, the random ofrisk, the instability of the result of risk control and the interference from some systemfactors such as non-marketing factors. Compared to developed countries, we lag insuch aspects as consciousness of risk management and the overall skills of riskmanagement.This thesis studies the organi zatiorlal structure and management model of any risks for Architecture ellterprise to carry on project risk management,and studies how toidentify risk,estimate risk,response quickly to risk,contro1risk and supervise riskin project risk management for Enterprise.Starting from the view of project riskmanagement,which is more and more widely applied in modern society,facingarchitecture Enterprise,considering the characteristics of the construction of civilengineering,this article puts forward the issue of how to eliminate the uncertainty of aproject,and how to guarantee all–right completion for the project.This thesisdiscusses the methods and techniques of identifying risk evaluating risk,planning andcontrolling risk based on a specific process of project construction,carries through apositive study on the methods and skills of project risk management based on the casestudy of Lan Shan Projiect.Using the principles and methods of project riskmanagement,this article analyzes process of project risk management,systematicallysummarizes all kinds of methods of identifying risk,analyzing and evaluating risk,raising the steps of preventing risk.This thesis discusses the methods and techniques of identifying risk. evaluatingrisk,planning and controlling risk based on a specific process of project construction, carries through a positive study on the methods and skill s of project risk managementbased on the case study of Lan Shan Project.Using the principles and methods ofproject risk management,this article analyzes process of project risk management,systematically summarizes all kinds of methods of identifying risk,analyzing andevaluating risk,raising the steps of preventing risk. There are both theoretical researchand positive study in this article.It is a reference for enterprise’s project riskmanagement in future.and helpful to enterprise to have a good work in project riskmanagement.By effective risk management,an enterprise can make sure that anyproject construction can carry out as p1anned,can keep the consistency from planningthrough finishing,and that all three objective-the quality,progress and expenses of aproject could be controlled and achieved.

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The Research Onfunds Risk Management Strategy in Automobile Company

On 25/09/2013, in Agriculture, by rain

The vehicle manufacturing company in the automotive industry haslong value chain and belongs to cyclical industry, with high requirementof return rate for capital Investment. The requirement for safety of cashflow is a practical challenge. It is imperative that the company identifiesappropriate risk Management strategy to enhance funds utilizationefficiency and effectiveness and apply effective risk Management plans tosolve company’s financial and treasury risks.The thesis focuses on vehicle production and sales company andapplies the mature risk Management and financial theory by a series ofrisk responses and through coordinated response initiatives,recommendations and action plans to improve and optimize company’scash flow.The thesis provides some revelation that a highly efficient and safecash flow management shall have the fundamental characteristics ofadaptability, flexibility and scalability. The policies and practicesembedded shall be balancing, forward-looking and holistic in thedynamics of development and growth. Through this mentality andimplementation, the company will control the risk under its appetite andincrease its value to shareholders.

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The Internal Control of Rural Cooperative Economic Organizations Based on Risk Management

On 24/09/2013, in Agriculture, by rain

Hebei Province as a major Agricultural province, the development of rural cooperative Economic organizations attaches great importance by the provincial government. Which has played a pivotal role in the promotion of farmers’ income and to speed up the process of Agricultural modernization. However, from the current development, the rural cooperative Economic organizations bud late, covering the narrow, single services, especially the inadequate internal controls, resulting in Management lags behind. The face of the risks that may be encountered in the course of business, such as internal Management, external environment, technology, market factors, can not effectively identify and prevent which seriously hindered the healthy and orderly development of the rural cooperative Economic organizations. Therefore, how to guard against various risks of rural cooperative economic organizations is a priority, to establish a comprehensive system of internal control based on risk Management is the most effective means.Through to collect the relevant documents of the rural cooperative economic organizations at home and abroad, the paper has a comprehensive summary to the status quo of rural cooperative economic organizations in Hebei Province. The text is mainly discussed from six aspects: (1) the paper described the research background ,the purpose and significance of this study . Carefully combing and analysis on internal control of the status quo of the rural cooperative economic organizations at home and abroad, introducing the thesis research ideas and research methods; (2) This chapter which elaborate the connotation, characteristics, as well as risk management and internal control theory; (3) with the field surveys, This paper presents the problem which exists internal control of the rural cooperative economic organizations, including the member of the rural cooperative economic organizations have not recognizing the significance of internal control, the lack of a sound financial system, the organization is not perfect, decision-making unreasonable mechanism of checks and balances failure of the board of supervisors; no reasonable mechanism for the distribution of benefits, risk management awareness is weak, the lack of effective risk identification, assessment and response mechanisms, control activities are not in place, the lack of internal and external oversight mechanism: and the problem produced by deep-seated reasons for the analysis; (4) the combination of internal and external risks facing the rural cooperative economic organizations, and the paper analyzes constraints was of the risk management. Hebei Province rural cooperative economic organizations internal control system has been constructed which based on risk management . next the chaper also expounds the rural cooperative economic organizations internal control design objectives,principles, characteristics and content. (5)targeted internal control safeguard measures of rural cooperative economic organization; (6)make a summary and proposed deficiencies in order to make more in-depth study in the future.The innovation of this paper are: first, through literature analysis and field investigations, analysis of internal control problems to the rural cooperative economic organizations; Secondly, the construction of the internal controls system of rural cooperative economic organizations based on risk management in Hebei Province, Strengthen the prevention capacity to internal and external risks of rural cooperative economic organizations.