Corporate Risk Strategic Management and Probabilistic Analysis Related to Environmental Liabilities: A Case Study

Environmental stewardship is one of the main indicators of corporate performance and reputation among investors today. However, historical operational practices and accidents have created significant environmental liabilities in the industrial sector, and now require significant investments for appropriate management and resolution. A strategic approach is imperative to assure that company’s financial resources are effectively allocated, and shareholders’ interests are protected. In addition, these liabilities must be appropriately and continuously reported, which require the use of robust forecasting techniques such as Monte Carlo Simulation. The present study results demonstrate that under an optimized strategic approach, liability management costs may be reduced in approximately 50%. In addition, the financial forecast under the selected approach may support appropriate reporting of company’s liabilities.

Accounting for liabilities related to ecosystem degradation

Introduction:A growing belief that accounting can and should play a role in halting and reversing degradation of ecosystems is leading to conceptual and methodological develop-ments that recognize the cost of degradation,attribute the cost to the entities responsible and assure that entities can't ignore the economic burden associated with it.Outcome:Demonstration accounts prepared around a scenario where agricultural use of land includes an obligation to maintain ecosystem condition.The accounts are compliant and coherent with both the intermational accounting standards for individual entities and the United Nations'System of Environmental-Economic Accounting.Discussion:Accounting for labilities for ecosystem degradation demonstrates that,where the liability reflects the lost economic value of the ecosystem,the accounts communicate a reduction in the total net worth of the economy and a redistribution of net worth away from the party responsible for the degradation.The inclusion of both libilties for degradation and the cost of degradation does not lead to double-counting the economic impact of degradation.Conclusion:Accounting principles and frameworks encourage greater accountability for entities responsible for ecosystem condition by providing greater visibility of the economic cost to individual entities,governments and nations.

Risk Assessment of an Environmental Liability in the Commercialization of Hydrocarbons-A Secondary Publication

The risk analysis evaluates the probability of occurrence with the impact of said risks.In the hydrocarbon sector,an environmental liability is an improperly abandoned facility,soil contaminated by spills or others.The objective of this work is to define a risk management plan.The characterization of the residue and the area was carried out.Hazardous events were identified:overflow spill,soil contamination by infiltration,as well as radiant heat and suffocating and toxic fumes from a fire.The matrix method was applied considering the probability of occurrence against vulnerability.The danger of infiltration implied a high level of risk.The risk management plan was drawn up,its main action being the liquidation of the pool and the sanitation of the area.

企业雇主责任的性质与雇员保护

“vicarious liability”是指“间接责任”而非“替代责任”,法律继受过程中的误译导致学界对雇主责任的性质认识模糊。在企业雇主责任中,雇主要为雇员的侵权行为承担责任,受害人也可以基于一般侵权条款或特殊侵权的规定请求雇员承担侵权责任。严格责任是企业雇主责任的发展趋势,这与企业雇主责任是自己责任并不矛盾。《民法典》规定的企业雇主责任应当解释为一种自己责任、危险责任。为了保护经济上处于弱势地位的雇员,除了肯定雇员对雇主享有逆求偿权外,还可以在企业雇主责任的框架下建构雇员外部责任豁免请求权制度,这体现了民法与劳动法的协同作用。

Research on Product Quality Law System

Product quality law refers to the combination of various economical relationships and legal norms in the process of production,circulation and administration.It combines the operation of the market with the state supervision.Studying on the legislation style will be of theoretical and practical significance.

Analysis of Solvency of A-Share Listed Companies in China’s Real Estate Industry

The real estate industry is a capital-intensive industry and capital has become a particular concern for real estate enterprises.For a long time,China’s real estate enterprises rely on high-leverage development and carry out high-debt and high-risk operations.The solvency of real estate enterprises has been the focus of stakeholders’attention.In August 2020,China’s regulatory authorities introduced new financing regulations for real estate enterprises.They set up“three red lines,”which brought real estate enterprises’solvency into focus once again.This article takes A-share listed companies in China’s real estate industry as an example,analyzes and evaluates its debt solvency,and gives suggestions based on new policies and regulations,hoping to provide specific references to the enterpriser’s manager and external decision-makers.

Machine learning methods for rockburst prediction-state-of-the-art review

One of the most serious mining disasters in underground mines is rockburst phenomena.They can lead to injuries and even fatalities as well as damage to underground openings and mining equipment.This has forced many researchers to investigate alternative methods to predict the potential for rockburst occurrence.However,due to the highly complex relation between geological,mechanical and geometric parameters of the mining environment,the traditional mechanics-based prediction methods do not always yield precise results.With the emergence of machine learning methods,a breakthrough in the prediction of rockburst occurrence has become possible in recent years.This paper presents a state-ofthe-art review of various applications of machine learning methods for the prediction of rockburst potential.First,existing rockburst prediction methods are introduced,and the limitations of such methods are highlighted.A brief overview of typical machine learning methods and their main features as predictive tools is then presented.The current applications of machine learning models in rockburst prediction are surveyed,with related mechanisms,technical details and performance analysis.

Spontaneous combustion liability of coal and coal-shale: a review of prediction methods

This study presents a review of the various methods to predict the spontaneous combustion liability of coal and coal-shale. The relative propensity of coal to undergo self-heating can be established by different methods. These methods are well established in their usage, but the fact that no particular test method has become a standard to predict the spontaneous combustion liability indicates that doubt still exists as to the validity of all of them. The underlying principle of all the tests is that the more readily the coal undergoes exothermic oxidation, the more liable it is to self-heat. Comprehensive studies that centres on the international position on research being conducted by academics, different research institutes and industries on spontaneous combustion of coal and coal mine fires were evaluated. Relationships between the geochemical analysis (proximate and ultimate analysis, forms of sulphur, petrographic properties, X-ray diffraction and X-ray fluorescence) and spontaneous combustion testing methods (numerical and experimental approaches) used to predict the spontaneous combustion liability of coal were reviewed. The combination of these tests provides a better understanding of the mechanism that controls the spontaneous combustion phenomena. However, irrespective of the extensive studies that have been conducted over time, spontaneous combustion is still a major problem in the coal value chain.

Rock burst risk evaluation based on equivalent surrounding rock strength

On-site investigations consistently show that the rock burst inherent to coal seams varies greatly with coal seam thickness.In this study,impact factors related to coal seam thickness and surrounding rock strength were analyzed and a corresponding rock burst risk assessment method was constructed.The model reflects the influence of coal seam thickness on the stress distribution of surrounding rock at the roadway.Based on the roadway excavation range,a stress distribution model of surrounding roadway rock is established and the influence of coal seam thickness on rock burst risk is analyzed accordingly.The proposed rock burst risk assessment method is based on the equivalent surrounding rock strength and coal seam bursting liability.The proposed method was tested in a 3500 mining area to find that it yields rock burst risk assessment results as per coal seam thickness that are in accordance with real-world conditions.The results presented here suggest that coal seam thickness is a crucial factor in effective rock burst risk assessment.

Analysis of spontaneous combustion liability indices and coal recording standards/basis

The characterization of the physical and chemical properties of coal on a standard provides an understanding of its characteristics towards spontaneous combustion.The trend of linear relationships between coal recording standards(%air-dried(ad),%dry(db)and%dry ash free(daf)basis)of 30 selected coal samples from the Witbank coalfields and spontaneous combustion liability indices were evaluated.The spontaneous combustion liability indices of these samples were evaluated by crossing point temperature(XPT),Stage II Slope,FCC(Feng,Chakravorty,Cochrane)and the Wits-Ehac tests,while the coal properties were determined from the proximate and ultimate analyses.The results obtained from these coal properties were related to different liability indices to develop trends of linear relationships using regression analysis.The ad basis indicated higher correlation coefficients than the db and daf basis for the XPT and FCC index,while the daf showed higher correlation coefficients than the ad and db basis for the Wits-Ehac index.It was found that the trend of linear relationships of these coal properties differs from one liability index to the next.The XPTs showed a better trend followed by the Stage II Slope on the coal properties among the spontaneous combustion liability indices evaluated.

Proposing a novel comprehensive evaluation model for the coal burst liability in underground coal mines considering uncertainty factors

Coal burst is a severe hazard that can result in fatalities and damage of facilities in underground coal mines.To address this issue,a robust unascertained combination model is proposed to study the coal burst hazard based on an updated database.Four assessment indexes are used in the model,which are the dynamic failure duration(DT),elastic energy index(WET),impact energy index(KE)and uniaxial compressive strength(RC).Four membership functions,including linear(L),parabolic(P),S and Weibull(W)functions,are proposed to measure the uncertainty level of individual index.The corresponding weights are determined through information entropy(EN),analysis hierarchy process(AHP)and synthetic weights(CW).Simultaneously,the classification criteria,including unascertained cluster(UC)and credible identification principle(CIP),are analyzed.The combination algorithm,consisting of P function,CW and CIP(P-CW-CIP),is selected as the optimal classification model in function of theory analysis and to train the samples.Ultimately,the established ensemble model is further validated through test samples with 100%accuracy.The results reveal that the hybrid model has a great potential in the coal burst hazard evaluation in underground coal mines.

Replenishment policy and inventory optimization for supply-hub with liability period consideration

A replenishment decision-making model for supply-hub is firstly established from the angle of supplier, and optimal replenishment decision of the supplier is analyzed. Then, inventory optimization model for supply-hub is formulated from the angle of the manufacturer, and the optimization algorithm for obtaining optimal inventory levels is given. The result shows that liability period decides the share of the inventory cost between two sides in supply chain. With the increase of liability period, the service level has been quickly reduced even though the manufacturer's cost has been cut down by transferring the inventory cost to the supplier. As to the safety inventory, if the lower bound of components safety inventory increases, the supplier's cost will rise up more slowly than the liability period does, while the service levels increases as the safety inventory's lower bound is raised.

Fiduciary Duties in Company Law:A German Perspective

As Chinese practitioners and scholars ponder the scope of fiduciary obligations under the country’s company law,this paper offers a comparative perspective from German law.Although German corporate law has not rejected legal transplants,the common law trust has never been accepted as an organizational device for administering third-party funds or doing business.Nonetheless,the German judiciary has developed a sophisticated concept of fiduciary obligations where the statutes remain silent.This paper explores the application of fiduciary obligations to limited partnerships,limited liability companies,and stock corporations.It takes a membership perspective to ascertain the legal relationships between a corporation and its shareholder-members and among fellow-shareholders,as business entities evolve from personalistic to capitalistic settings.Fiduciary obligations also inform the relationship between the corporation and its directors and corporate officers.Although German law does not classify directors and corporate officers as the shareholders’direct trustees,shareholders stand nonetheless to benefit from the way directors and corporate offices discharge their duties towards the respective corporate entities.Moreover,criminal law rules on embezzlement operate to protect the corporation and the monies it administers from overly risky business projects.

国际法国家责任浅析与立法建议

在国际关系日益复杂的今天,国际法需要不断地深入研究才能满足国际社会的法律要求。国家责任贯穿国际法的方方面面,不但涉及领土、运输、空间、外交等各类国际立法方面,还涉及到国际经济法的相关领域。然而,国家责任制度一直未能全面立法,《国家对国际不法行为的责任条款草案》也仅仅处于研究阶段。大量的理论和事实存在法律争议,很难达成一致。文章摘取国家责任中的几个争议问题进行分析,并对立法实践提出自己的建议和观点。主要从国家责任的概念问题,归责原则合理性问题展开论述。将国家责任的落脚点放在损害事实上,避免了区分合法损害、非法损害以及道德损害的种种麻烦。并论证了客观责任主义的合理性。分别分析国家责任制度有待完善的部分,为立法提供建议。

Investigation on the Microstructure Features of Bump-Prone Coal

A series of experiments,using X-ray diffraction, electronic microscope investigation and SEM observation,are carried out to investigate the microstructure characteristics of bump-prone coal. The samples are from four coal seams in two different coal mines,which compose of No.7,No.9 and No.12 coal seams in Zhaogezhuang mine and No.11 seam in Xinzhouyao mine.The microstructure parameters of coal are adopted to calculate the bump liability of

Asian Pacific Journal of Tropical Medicine

Aims&Scope Asian Pacific Journal of Tropical Mediane(APJTM),aims to set up and provide an academic communicating platform for international physicians,medical scientists,allied health scientists and public health workers,especially those of the Asia-

Notice

No responsibility is assumed by Journal of Otology nor Elsevier for any injury and/or damage to persons,property as a matter of product liability,negligence,or otherwise,or from any use or operation of any methods,products,instructions,or ideas contained in the material herein.Because of rapid advances in medical sciences,in particular,independent verification of diagnoses and drug dosages should be made.

Notice

No responsibility is assumed by Journal of Otology nor Elsevier for any injury and/or damage to persons,property as a matter of product liability,negligence,or otherwise,or from any use or operation of any methods,products,instructions,or ideas contained in the material herein.Because of rapid advances in medical sciences,in particular,independent verification of diagnoses

Notice

No responsibility is assumed by Journal of Otology nor Elsevier for any injury and/or damage to persons,property as a matter of product liability,negligence,or otherwise,or from any use or operation of any methods,products,instructions,or ideas contained in the material herein.Because of rapid advances in medical sciences,in particular,independent verification of diagnoses

法律分析与术语

凡攻读法律者均须掌握某些基本概念及用于表达它们的术语。无论是阅读美国联邦宪法、法院意见或法律专著,还是聆听法学教授的授课,每一句话都可能充斥着权利（rights）、义务（duties）、权力（power）、特权（privilege）、责任（liability）和豁免（immunity）等术语。