Papers by Dheavin Witjahya
This case study has been conducted for learning purposes in terms of the possible issues in risk ... more This case study has been conducted for learning purposes in terms of the possible issues in risk management related to Samsung Galaxy Note 7 fiasco. Samsung’s leaderships in particular are being scrutinized for their mishandling throughout the process. Samsung themselves is prominent and actually the largest player with extensive experience in smartphone industries. Smartphone manufacturers by default have to be technologically capable and innovative. The industry itself had always been a highly competitive market and driven by innovation especially considering pressure coming from new entrants. Thus, the nature of the business itself is inseparable of technological risk. However, digging deeper into the case, it is clear that the issues lies within Samsung lack of adequate reputational risk management. In order to further the analysis, the paper looked at the pre-incident specifics and drawn possible issues in risk. In addition, the highly publicized incident is also criticized in terms of its crisis response procedure which requires post-event specifics analysis.
The Great Depression is a great example of systemic risk events. The purpose of this paper is to ... more The Great Depression is a great example of systemic risk events. The purpose of this paper is to point out several conditions of economic problem that may help the emergence of systemic risk. Specifically, the introduction of lending and stock market to the masses coupled with extreme optimism fuels the 5 economic conditions to collide together manifesting systemic risk occurrence. The boom has seen disparity between the rich and poor widen worsening the effect of the catastrophe as more poor people unable to survive the crash. One of the most important lessons is the necessity of government intervention to prevent future destructive behaviour.
Henry VIII's flagship Mary Rose incident is a prime example of failure in managing risks related ... more Henry VIII's flagship Mary Rose incident is a prime example of failure in managing risks related in applying new technology. By going through the chain of events, the paper points out the dynamic nature of technology risk and the danger due to lack of consideration in external and internal contexts. It acknowledges that technology risk management process requires continuous improvement of the users and in technology infrastructures (platforms). The study also stressed out that technology risk governance requires incorporating exhaustive comprehension of the risk contexts and a complete modelling of innovation consequences.
Henry VIII's flagship Mary Rose incident is a prime example of failure in managing risks related ... more Henry VIII's flagship Mary Rose incident is a prime example of failure in managing risks related in applying new technology. By going through the chain of events, the paper points out the dynamic nature of technology risk and the danger due to lack of consideration in external and internal contexts. It acknowledges that technology risk management process requires continuous improvement of the users and in technology infrastructures (platforms). The study also stressed out that technology risk governance requires incorporating exhaustive comprehension of the risk contexts and a complete modelling of innovation consequences.
The discussion in this paper tries to views the collapse of HIH Insurance in 2001 from a differen... more The discussion in this paper tries to views the collapse of HIH Insurance in 2001 from a different perspective of external contexts different from the extensively studied human factors in corporate management. The contexts here refer to the role of industry environment, economic state, business cycles, abusive use of reinsurance contract, and regulatory framework exist at the time. Additionally, the paper also discussed some of the issues of policymaking in relation to paternalism welfare outcome. The paper finished by offering a solution for compensation scheme to follow the concept of libertarian paternalism which allow maintenance of employers' safety incentives while also returning workers' freedom to choose packages they preferred.
This report will discuss and analyze the unpopularity of Defined Benefit pension plans compared t... more This report will discuss and analyze the unpopularity of Defined Benefit pension plans compared to Defined Contribution in recent years. The aim is to highlight this infamy with respect to the importance of using accurate mortality rates in the pension plan. This was done through the investigation of the effect of mortality improvement on contribution rates as well as by examining the challenges in forecasting mortality rates using the Lee-Carter method. Upon completion of the tasks, it is evident that the use of erroneous mortality rates will lead to the employer losing money in Defined Benefit plans. Moreover, forecasting the future mortality rates proves to be a difficult task. Thus, the results emphasize the importance of using the right mortality rates in Defined Benefit plans which has led to its unpopularity in recent years.
This report will discuss and analyze the unpopularity of Defined Benefit pension plans compared t... more This report will discuss and analyze the unpopularity of Defined Benefit pension plans compared to Defined Contribution in recent years. The aim is to highlight this infamy with respect to the importance of using accurate mortality rates in the pension plan. This was done through the investigation of the effect of mortality improvement on contribution rates as well as by examining the challenges in forecasting mortality rates using the Lee-Carter method. Upon completion of the tasks, it is evident that the use of erroneous mortality rates will lead to the employer losing money in Defined Benefit plans. Moreover, forecasting the future mortality rates proves to be a difficult task. Thus, the results emphasize the importance of using the right mortality rates in Defined Benefit plans which has led to its unpopularity in recent years.
This report will discuss and analyze the unpopularity of Defined Benefit pension plans compared t... more This report will discuss and analyze the unpopularity of Defined Benefit pension plans compared to Defined Contribution in recent years. The aim is to highlight this infamy with respect to the importance of using accurate mortality rates in the pension plan. This was done through the investigation of the effect of mortality improvement on contribution rates as well as by examining the challenges in forecasting mortality rates using the Lee-Carter method. Upon completion of the tasks, it is evident that the use of erroneous mortality rates will lead to the employer losing money in Defined Benefit plans. Moreover, forecasting the future mortality rates proves to be a difficult task. Thus, the results emphasize the importance of using the right mortality rates in Defined Benefit plans which has led to its unpopularity in recent years.
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Papers by Dheavin Witjahya