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Modeling risk dynamics in e-operations transitions
Elio Rich
author
2006
Royal Flemish Academy of Belgium
Newark, NJ
English
Migrations to new modes of operation are perilous times for most organizations. For firms that routinely work in high-threat, high-reward situations, the risks of innovation are particularly challenging. This paper presents a systems-based approach to understanding these risks, drawing examples from one firm migrating to e-Operations for offshore oil platforms to increase profitability. The firm recently participated in two facilitated group model building exercises to examine the effects of the migration on the organization and resources needed to safely implement multiple changes over time. Based on these exercises, a simulation model of the timing and relative levels of risk, was developed. The results of the workshop and simulation demonstrate the effect of a combined qualitative and quantitative modeling approach to understanding complex problems.
Computer simulation
Drilling platforms
Knowledge management
Risks
E-operations
Group model building
Offshore oil platform
Oil platforms
Quantitative modeling
Simulation
Simulation demonstrate
System Dynamics
Information systems
exported from refbase (http://idl.iscram.org/show.php?record=877), last updated on Sun, 09 Aug 2015 11:38:48 +0200
text
http://idl.iscram.org/files/rich/2006/877_Rich2006.pdf
ElioRich2006
Proceedings of ISCRAM 2006 – 3rd International Conference on Information Systems for Crisis Response and Management
ISCRAM 2006
B. Van de Walle
M
Turoff
editor
3rd International ISCRAM Conference on Information Systems for Crisis Response and Management
2006
Royal Flemish Academy of Belgium
Newark, NJ
conference publication
239
250
9090206019; 9789090206011
2411-3387
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