跨国企业外汇风险管理研究

2005年汇率改革以来,人民币汇率变得更加富有弹性。随着全球化的进程加快,企业国际经贸往来越来越频繁,也越来越受到汇率波动的影响。外汇风险管理的目标是使风险损失最小、管理成本最小。外汇风险管理是包括风险的识别、衡量和控制的一个系统性的过程,企业在进行外汇风险管理时要遵循价值保持原则、成本最低原则、预期止损原则。

The Strategies for Market Risk Management in International Shipping

International shipping market is a risky market associated with a variety of risks which shipping companies have to cope with. International shipping has been seriously hit by the financial crisis in 2008. Since then, this industry has experienced market downturn for a long period which was considered to be the longest period of depression in the history. This paper mainly focuses on the key market risks in international shipping including cyclical fluctuation risk, cost risk, freight rate volatility risk, and competition risk. It analyses the source of these market risks, and identifies some strategies to cope with these market risks. In the meantime, Maersk and China Ocean Shipping Group （COSCO）, the world leading international shipping companies, are taken as two cases. Their strategies in market risk management are analyzed, which enable the reader to learn from their success and failure. Based on the international experience in market risk management in shipping industry as well as the real practice of Maersk and COSCO, this paper provides useful guidance for shipping companies to reduce market risks, overcome market downturn, and improve competitiveness.

Enhancing Shariah Audit Practices in Islamic Financial Institutions in Malaysia

It is undeniable that Islamic financial institutions （IFIs） in Malaysia are growing with a positive impact on the national economic growth. In order to sustain and maintain Shariah compliance in Islamic fmancial industry, adequate Shariah audit practices are necessary to ensure that the operation of IFIs should be in parallel with Shariah guidelines and policies set by the authority. In order to equip Islamic industry practitioners with adequate Shariah audit practices, Faculty of Economics and Muamalat （FEM）, Universiti Sains Islam Malaysia （USIM） has introduced a professional Shariah Audit Training （SAT） program for IFIs staffs. SAT is a program that covers various aspects on Shariah audit practices starting from Shariah principles, Shariah governance, Shariah audit program, Shariah audit process, Shariah audit fieldwork, Shariah risk management and Shariah audit communications. Modules used in SAT have been developed based on collaboration between academic institutions and industry players in order to ensure that the knowledge and practice in the industry are harmonized and relevant. The series of trainings conducted in the program are believed to achieve the programme＇s ultimate objective which is to produce Shariah auditors who are qualified and trained to fill the gap for Islamic finance industry. The objective is to produce talents with adequate Shariah audit knowledge. This study provides the result of the SAT program toward IFIs practitioners＇ skills and knowledge on Shariah audit practices.

An integrative risk assessment approach to enhancing patient safety in Continuous Renal Replacement Therapy(CRRT)

Continuous Renal Replacement Therapy(CRRT)serves as an intervention strategy for the management of acute kidney injury(AKl)in critically ill patients.However,owing to its complex nature and the potential for com-plications,the implementation of CRRT demands continuous monitoring to prevent patient safety risks.This study aims to identify and validate prevalent risks linked to CRRT within a real-world clinical setting,intending to propose preventive measures grounded in expert insights.To systematically categorize and visually depict the risks,their consequences,preventive measures,and recovery controls,our study employed the Bowtie method in conjunction with the Systems Engineering Initiative for Patient Safety(SEIPS)model.In addition to considering patient-related factors that exhibit variability among critically ill individuals,our key findings showed that the most influential risks impacting the effective delivery of CRRT are incidents of clotted filters,bleeding risks arising from the necessity of anticoagulation for filter efficacy,vascular catheter-related bloodstream infections,variations in proficiency levels among healthcare professionals regarding CRRT modalities,especially in oper-ating the CRRT machines,high nursing workload,frequent nursing turnover,occurrences of hypophosphatemia,variability in CRRT prescribing patterns,and issues related to communication among stakeholders.This research sheds light on the primary risks associated with CRRT and provides practical and viable strategies for effective management.Furthermore,the Bowtie diagram developed as part of this study serves as a valuable tool for visually representing the healthcare system and facilitating the identification of system-related risks within healthcare settings.

Application of k-means clustering to environmental risk zoning of the chemical industrial area

The homogeneous risk characteristics within a sub-area and the heterogeneous from one sub-area to another are unclear using existing environmental risk zoning methods. This study presents a new zoning method by determining and categorizing the risk characteristics using the k-means clustering data mining technology. The study constructs indices and develops index quantification models for environmental risk zoning by analyzing the mechanism of environmental risk occurrence. We calculate the source risk index, air risk field index, water risk field index, and target vulnerability of the study area with Nanjing Chemical Industrial Park using a 100 m - 100 m mesh grid as the basic zoning unit, and then use k-means clustering to analyze the environmental risk in the area. We obtain the optimal clustering number with the largest average silhouette coefficient by calculating the average silhouette coefficients of clustering at different k-values. The clustering result with the optimal clustering number is then used for the environmental risk zoning, and the zoning result is mapped using the geographic information system. The study area is divided into five sub-areas. The common environmental risk characteristics within the same sub-area, as well as the differences between sub- areas, are presented. The zoning is helpful in risk management and is convenient for decision makers to distribute limited resources to different sub-areas in the design of risk reducing intervention.