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Derivatives and Risk Management



Reasons that corporations engage in risk management

Increase their use of debt.
Maintain their optimal capital budget.
Avoid financial distress costs.
Utilize their comparative advantages in hedging, compared to investors.
Reduce the risks and costs of borrowing.
Reduce the higher taxes that result from fluctuating earnings.
Initiate compensation programs to reward managers for achieving stable earnings.

What is an option?

A contract that gives its holder ....etc

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Compiled by
B Nedumaran




Modern Concept of Accident
Prevention
W A Balakumaran1
Director(Retd)
Regional Labour Institute
Chennai

Introduction

Survival and prosperity decide the success of any business activity. Risk is
inherent in all the tasks we undertake. So also, with the business activity, no
one likes to meet adverse effects while taking some risks, particularly the nonspeculative
or pure risks. Such risks, which involve only loss, include:
Physical harm to employees
Property d ....etc

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Hard hats, they re not just for decoration
Safety is no accident
Stand up for safety
Safety glasses: All in favor say Eye!
Protect your hands ..Use your head.
Stop! Think! Then Act!
Safety First
Leave sooner, drive slower, live longer.
Safety Do It For Life
Safety pays
Falling objects can be brutal if you don t protect your noodle
Our Goal Zero Harm
The safest RISK is the one you didn t take
K.I.S.S. Keep It Safe and Sound
Safety is as simple as ABC Always Be Careful
Turn your attention to accident prevention
If you d ....etc

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Industrial safety system

An industrial safety system is a countermeasure crucial in any hazardous plants such as oil and gas plants and nuclear plants. They are used to protect human, plant, and environment in case the process goes beyond the control margins. As the name suggests, these systems are not intended for controlling the process itself but rather protection. Process control is performed by means of process control systems (PCS) and is interlocked by the safety systems so that immediate actions are taken should the process control s ....etc

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Safety Rules For Different Zones in Industrial Automation

INTRODUCTION


Safety is a situation, whereby the risk is not
greater than the limit risk.

Risk is a combination of the probability and the
degree of the possible injury or damage to health
in a hazardous situation.

Safety is relative.

There is no such thing as 100% safety.


DIFFERENT SAFETY STANDARDS


ANSI:- American National Standards Institute.
IEC:- International Electrotechnical Commission.
DIN:- ....etc

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Modeling Industrial Safety: A Sociotechnical Systems Perspective


Abstract - Highly technological systems such as advanced
manufacturing systems, aviation, telecommunications,
nuclear power plants, chemical and petroleum process
industry are increasingly becoming more complex, leading to
new kinds of system failures and accidents. Traditional
safety modeling approaches are not suitable to analyze
accidents that occur in modern sociotechnical systems,
where accident causation ....etc

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