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The purpose of this paper is to report results from a survey on emerging climate changes and the risks to the operation of building assets in the UK. The property sector is facing major challenges as a result of projected climate change scenarios. Predictions concerning future climate change and the subsequent impact on building operations are still subject to a high degree of uncertainty. However, it is important that building stockholders consider a range of possible future risks that may influence the operation of their assets.

The literature review and questionnaire are used to elicit and assess the likelihood of occurrence of climate change risks impacting building operations. The survey was carried out among building stockowners and professionals in the UK. Statistical methods were used to rank and compare the findings.

The majority of the respondents strongly agreed that the list of risks that were elicited from the literature will have an impact on their building assets within a 0-5 years’ time horizon. It was found that the professionals were most concerned about higher energy prices and an increase in operation costs in general; they were least concerned about an electricity blackout.

This paper is limited to the UK, and regional variations are not explored. Nevertheless, the buildings’ operation risk study provides a starting point for further investigations into the emerging risks from climate change, and their impact on the operation of building stock. Future work could investigate direct mapping between climate risks and the financial value of properties.

Findings of this paper can help professionals and building stockowners improve their understanding of climate change risks and the impact on their assets. This paper could also help these individuals to formulate appropriate adaptation and mitigation strategies.

Firms are increasingly being pressured by the public, regulators and customers to ensure that their suppliers behave in a socially and ecologically sound manner. Yet, the complexity and risks embedded in many supply chains makes this challenging, with monitoring practices offering one means to attenuate supply sustainability risk. Drawing on agency theory, the purpose of this paper is to examine the relationship between sustainability and operations risk, supplier sustainability monitoring practices, supply improvement initiatives and firm performance.

This research uses data from a survey and archival sources from a sample of large US firms to empirically examine the relationship between sustainability and operations risk, supplier sustainability monitoring practices, supply improvement initiatives and firm performance.

Findings indicate that higher levels of perceived sustainability risk is related to greater monitoring of supplier sustainability practices by focal firms. Perceptions of higher operations risk are indirectly related to greater social monitoring through investment in supply improvement initiatives. Monitoring of supplier sustainability practices is also found to have a positive effect on focal firm performance.

Findings suggest that managers process operations risks and sustainability risks independently. Greater sustainability risk leads to increased sustainability monitoring, while greater operations risk leads to increased investment in supply improvement initiatives, which in turn leads to increased social monitoring. The research also indicates that behavior-oriented approaches, such as monitoring of supplier environmental and social practices, are an effective approach to improving firm sustainability performance. However, due to resource constraints, a challenge for supply chain managers is where and when to invest in behavior-oriented approaches for suppliers.

This research advances supply risk literature by exploring the effects of supply sustainability risk on the use of monitoring practices to manage supplier environmental and social behavior. Using a combination of survey and archival data to independently assess the implications of sustainability monitoring practices on firm sustainability performance, this study provides a methodology for evaluating the impact of sustainability monitoring practices on the triple bottom line in supply chain management.

The purpose of this paper is to focus on flight exceedances in pilots' operations. With some bad conditions, such as a bad weather, flight exceedances might lead to serious consequences. They are significant hidden dangers of aviation. Risk analysis is carried out to identify pilots' high‐risk or low‐risk operations.

A multi‐objective optimization model is proposed for risk analysis of flight operations. An evolutionary algorithm is designed to divide flight operation state‐space into some high‐risk and low‐risk sub‐spaces.

Through the empirical study of a certain flight exceedance with the analysis model, the authors discover some high‐risk flight operations, which indicate coordination problems in coordinate control of airplane's speed, rate of descent, heading, roll and pitch, etc.

This paper employs a quantitative model to carry out risk analysis of flight operations. The results are useful to pilots' training and may improve flight safety fundamentally. The risk analysis of flight exceedance is one specific case in airlines safety risk management. Some other problems, such as cause analysis of flight delay, aircraft faults diagnosis, can be addressed in the same way and dealt with by specific model adjustments and algorithm designs.

Risk control programs of modern complex organizations make extensive use of stochastic models. The purpose of this paper is to consider a class of stochastic models in severity and risk duration reduction operations.

A new stochastic model is formulated which is shown to be of some importance in fundamental risk management operations. The investigation of such a model is based on classical methods of characteristic functions theory.

A stochastic model having the form of the product of two non‐negative and independent random variables is formulated. A characterization of the distribution of such a model is established. Moreover, applications of the proposed stochastic model in risk control programs of organizations are provided.

The difficulty of evaluating the corresponding distribution function, which extends the practical applicability of the proposed stochastic model still remains.

The formulated stochastic model consists of a strong analytical tool for investigating operations of risk control programs.

The purpose of this paper is to describe new methods to manage variation in complex manufacturing process chains and to show synergies between the variation risk management (VRM) and six‐sigma approaches.

The research methodology was experimental prototyping conducted in collaboration with industry partners. A prototype IT system was developed and tested to implement the approach. A quality cost‐based system was used to assess variation at each operation stage, for every product characteristic.

A comprehensive approach to the management of manufacturing variation is introduced, based on a new process risk matrix which can be used to specify an individual variation risk for every manufactured characteristic, throughout a manufacturing process chain. The approach has been implemented in a prototype software system and is aimed at the complex products such as those manufactured by the aerospace industry.

The IT approach described was developed during the research and is not commercially available.

Manufacturing industry should be able to use this approach, in particular the process risk matrix concept, to develop more effective management of product variation and resultant cost, in complex process chains.

The paper describes a novel approach to combine VRM and six‐sigma concepts, and introduces the process risk matrix as a structure to understand process variation.

The purpose of this paper is to explore the synergies between post-end-of-life of building (PEoLB) concepts and operations to achieve sustainability.

A systematic literature review (SLR) was conducted using 65 articles published between 2006 and 2017, and it has been subjected to descriptive and thematic analysis.

The descriptive analysis revealed that the majority of the articles were about (60 per cent) PEoLB operations, followed by (23 per cent) PEoLB concepts. Only 17 per cent of the articles have dealt with PEoLB-related strategic approaches. The thematic analysis elaborated on the literature development; interrelationships between PEoLB concepts and operations; impediments of introducing sustainability on these operations, remedial measures and information-based strategic approaches to achieve sustainability. Based on the findings, a conceptual framework for sustainable PEoLB operations is proposed. Furthermore, four areas of potential future research are discussed.

This study presents a future research agenda including best practices to plan PEoLB operations and the development of optimisation models, risk management and information-based strategic approaches.

The proposed conceptual research framework triggers and nurtures potential pathways to introduce sustainable PEoLB operations under sound information flow. This could create a basis for future empirical studies in filling the identified gaps in literature. The framework could also assist practitioners in mitigating risks associated with transportation, storing and contamination of salvaged materials through enhanced information flow. In addition, the framework provides some managerial guidance to organisations seeking ways of establishing sustainability during reverse logistics (RL) operations.

This paper presents an SLR of an emerging area of research that encapsulates closed-loop supply chain through sustainable RL operations. The study highlights the interrelationships between PEoLB concepts and operations. It develops a robust approach to effectively manage the PEoLB operations underpinned by a sound information flow to facilitate sustainability.

The purpose of this paper is to extend the concept of agility in humanitarian logistics beyond emergency operations. Since the humanitarian logistics literature focuses primarily on emergencies and sees longer term and regular operations as being conducted in relatively stable and predictable environments, agile practices are usually not associated with humanitarian protracted operations. Therefore, this paper explores the logistics and supply chain environment in such operations in order to identify their basic features and determine if agility is an important requirement.

Using a case study of the United Nations World Food Programme, the authors collected and analysed qualitative and quantitative data on the characteristics of protracted operations, the risks and uncertainties most frequently encountered, their impact, and the ways that field logisticians manage contingencies.

The research demonstrates that unpredictability and disruptions exist in protracted operations. Therefore, short-term operational adjustments and agile practices are needed in order to support the continuity of humanitarian deliveries.

Future research should focus on a wider range of humanitarian organisations and move from a descriptive to a prescriptive approach in order to inform practice. Notwithstanding these limitations, the study highlights the need for academics to broaden the scope of their research beyond emergencies and to address the specific needs of humanitarian organisations involved in longer term operations.

This paper is the first empirical research focusing exclusively on the logistics features of humanitarian protracted operations. It provides a more concrete and complete understanding of these operations.

The aim of this paper is to describe the most important occupational risks in maintenance operations.

This study analyzed all maintenance‐related fatalities since 1985 together with one group of severe accidents in Finland. In connection with the study, risk assessments were carried out in companies with the aim of charting the risks on sites.

The results indicate that the typical risks in maintenance operations involve poor ergonomics and that the most severe risks among these can lead to direct injury. Severe or even fatal injuries are mainly caused by crushing or falling.

To manage the risks, maintenance operations should be taken more carefully into account when designing and reconstructing machinery and work environments. It should be ensured that workers have relevant safety knowledge by means of risk assessments and instruction in safe working practice. In addition, safety cooperation with the customer is essential.

The findings indicate that maintenance operations include certain occupational risks. Among such risks, subcontracting offers a specific challenge to the service provider's safety management. The findings of this study provide advice on the safety measures necessary for accident prevention and how to execute them.

The purpose of this paper is to examine how the risk of war aroused by North Korea’s threatening actions trigger strategic responses from US multinational enterprises (MNEs) operating in South Korea. The authors compare two competing perspectives of real options and risk diversification to see which prevails when US MNEs are facing risk of war.

The authors hand collected news articles regarding North Korea’s threatening actions that may trigger strategic responses from MNEs operating in South Korea. The authors use archival data of US MNEs to verify our results.

Empirical tests of the two competing perspectives reveal that US MNEs adopt the risk diversification strategy when threatened by the risk of war. However, as MNEs have more available foreign markets outside the host country that is at risk of war, MNEs tend to take an operational flexibility approach more seriously and shift their productions to the remaining global operations. The ownership structure of the subsidiary does not appear to have significant effect on US MNEs’ strategic risk management.

This paper compares two perspectives, namely, real options and risk diversification, to observe how US MNEs treat their subsidiaries when facing risk of war in South Korea.

The purpose of this study is to examine cyber security risks in globalized supply chains (SCs). It has been seen to have a greater impact on the performance of SCs. The information and communication technology of a firm, which enhances the efficiency and effectiveness in the SC, could simultaneously be the cause of vulnerabilities and exposure to security threats. Researchers have primarily focussed on the cyber-physical system (CPS) vulnerabilities impacting SC. This paper tries to categorize the cyber security risks occurring because of the SCs operating in CPS.

Based on the flow of information along the upstream and downstream SC, this paper tries to identify cyber security risks in the global SCs. It has further tried to categorize these cyber security risks from a strategic point of view.

This paper tries to identify the various cyber security risk and cyber-attacks in globalized SC for improving the performance. The 16 cyber security risks have been categorized into three categories, namely, supply risk, operational risk and demand risk. The paper proposes a framework consisting of different cyber-attacks across the information that flows in global SCs along-with suitable mitigation strategies.

The paper presents the conceptual model of cyber security risks and cyber-attacks in globalized SCs based on literature review and industry experts. Further validation and scale development of these risks can be done through empirical study.

This paper provides significant managerial insights by developing a framework for understanding the cyber security risks in terms of the drivers of these risks and how to deal with them. From a managerial perspective, this framework can be used as a decision-making process while considering different cyber security risks across the stages of globalized SCs.

The major contribution of this study is the identification and categorization of cyber security risks across the global SCs in the digital age. Thus, this paper introduces a new phenomenon to the field of management that has the potential to investigate new areas of future research. Based on the categorization, the paper provides insights on how cyber security risks impact the continuity of SC operations.