Managing Risks in the Improved Model of Rolling Mill Loading: A Case Study

Abstract

This article reflects the main sources of risks for metallurgical enterprises in Russia, presenting the implementation of an innovative approach to increasing the competitiveness of an industrial enterprise, which is a typical representative of large enterprises of the metallurgical industry, based on the development of risk-oriented thinking when loading rolling mills with orders of intersecting assortment according to a new model. To reduce the emerging risks of a new model of the loading process of rolling mills of a metallurgical enterprise, it is proposed to take into account the risks in a complex way, taking into account their interactions with the use of integrated risk management (IRM). Practical development of the implemented approach was carried out by identifying the risks of the new improved loading process and their causes at each stage of the process. Risks were identified by analysis, qualitative and quantitative assessment of the likelihood of risks and the severity of consequences from their implementation with the establishment of events with a high potential hazard. Possible causes of hazardous events have been identified. To reduce the likelihood of unfavorable events, measures have been developed to influence significant risks and their effectiveness has been determined. The development of an innovative approach using risk-based thinking in a previously unexplored field of the application provides competitive advantages for enterprises of the metallurgical industry, increases income by reducing the cost of manufacturing products and production volumes by reducing time costs, achieving an economic efficiency of up to 10 million rubles per year. The practical significance of the dissemination of development results in similar industries is obvious and relevant for metallurgy as a whole.

Maintaining the Quality of Higher Education Graduates Based on Risk Management

“…The study conducted shows that they are a risk in managing the department in higher education. This is in line with the research finding stating that higher education faces some organizational risks, from political and reputational risks, financial and economic risks, socio-psychological risks, and organizational or management risks (Deineha et al, 2020); (Perera et al, 2020); (Syreyshchikova et al, 2021). The need to understand the risk for department managers becomes an essential thing (Susanti, Sumiyati, & Tritjahjono, 2020).…”

An Innovative Agile Model of Smart Lean–Green Approach for Sustainability Enhancement in Industry 4.0

“…Figure 2 shows the possible causes of waste, including shop floor waste and environmental waste, found in a comprehensive literature review. The previous researchers argued that waste directly impacts worker performances, whether it is related to the environment or the shop floor [59,60]. Furthermore, they demonstrated that environmental waste results in inconvenient operational conditions and shop floor waste results in higher lead time.…”

An Agile System to Enhance Productivity through a Modified Value Stream Mapping Approach in Industry 4.0: A Novel Approach

“…Table 8 shows the actions taken to improve the shop floor, while Table 9 shows the list of requirements for the different processes of the shop floor. By inspecting the production on the shop floor and analyzing the information gathered from many sources, it was found that some of the activities and processes involved in production are the cause of high PT, which need to be eliminated [47][48][49][50][51]. Table 8 shows the actions taken to improve the shop floor, while Table 9 shows the list of requirements for the different processes of the shop floor.…”