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Sustainability
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Risk Management as a Tool for Sustainability
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Risk Management as a Tool for Sustainability

A special issue of Sustainability (ISSN 2071-1050).

Deadline for manuscript submissions: closed (30 November 2021) | Viewed by 34881

Special Issue Editors

Dr. Muhammad Jamal Thaheem

E-Mail Website
Guest Editor
School of Architecture & Built Environment, Deakin University, Geelong, VIC 3220, Australia
Interests: risk management; sustainability; decision making; public–private partnerships
Special Issues, Collections and Topics in MDPI journals
Dr. Asheem Shrestha

E-Mail Website
Guest Editor
School of Architecture & Built Environment, Deakin University; VIC 3220, Australia
Interests: risk management; public–private partnerships; construction economics; sustainable built environment

Special Issue Information

Dear Colleagues,

Risk management affects the sustainability of projects in the long-term. A better insight into the project risk during the planning stage ensures that projects meet their strategic goals. With the business focus shifting from short- and medium-term where projects were treated as ends, to long-term where projects are treated as means to achieving sustainability goals, the research community needs to reciprocate by examining the role of risk management as a facilitator of sustainability.

With a substantial body of knowledge on risk management, projects still struggle to meet their short- and medium-term as well as long-term goals. This calls for research that integrates the effect of risk on sustainability.

Thus, we invite you to submit papers to this Special Issue on integrated research on risk and sustainability on topics such as but not limited to:

  1. Relationship between risk and sustainability;
  2. Disaster risk management to ensure infrastructure sustainability;
  3. Theories and techniques on long-term risk assessments;
  4. Bias and heuristics in risk identification and assessment;
  5. The concept and management of secondary risk to ensure sustainability;
  6. Quantification and assessment tools for long-term sustainability risks;
  7. Response development techniques, mitigation measures, and options for long-term sustainability risks.

We welcome theoretical papers, case studies, opinions, quantitative models, and discussion papers on the above topics.

Dr. Muhammad Jamal Thaheem
Dr. Asheem Shrestha
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • risk management
  • risk assessment
  • project risk management
  • construction
  • decision making
  • disaster risk management
  • sustainable development

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Published Papers (6 papers)

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Editorial

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2 pages, 148 KiB  
Editorial
Risk Management as a Tool for Sustainability
by Asheem Shrestha and Muhammad Jamaluddin Thaheem
Sustainability 2022, 14(7), 4331; https://doi.org/10.3390/su14074331 - 6 Apr 2022
Cited by 1 | Viewed by 1737
Abstract
Risk management is an ever-growing domain of research that is constantly evolving with the development of new and advanced technologies and processes, along with today’s increasing concern for sustainability [...] Full article
(This article belongs to the Special Issue Risk Management as a Tool for Sustainability)

Research

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22 pages, 3494 KiB  
Article
A Sustainability-Based Risk Assessment for P3 Projects Using a Simulation Approach
by Beenish Bakhtawar, Muhammad Jamaluddin Thaheem, Husnain Arshad, Salman Tariq, Khwaja Mateen Mazher, Tarek Zayed and Naheed Akhtar
Sustainability 2022, 14(1), 344; https://doi.org/10.3390/su14010344 - 29 Dec 2021
Cited by 6 | Viewed by 3452
Abstract
Integrating sustainability in the risk management process is an emergent problem, especially for efficient infrastructure delivery. For the case of complex projects like public–private partnerships (P3), traditional management practices offer a limited capacity to address long-ranging risk impacts on the social, economic, and [...] Read more.
Integrating sustainability in the risk management process is an emergent problem, especially for efficient infrastructure delivery. For the case of complex projects like public–private partnerships (P3), traditional management practices offer a limited capacity to address long-ranging risk impacts on the social, economic, and environmental fabric within and around the project boundaries. Although P3 projects are objective-based contracts, present risk models rarely delineate risk impacts on focused project objectives. The relevant studies are very scarce creating a limited understanding of available approaches to conducting sustainability-based risk management for P3 projects. As risk and sustainability are two inherently subjective concepts with multiple interpretations, their combined assessment within a single framework demands a pragmatic approach. Therefore, the current study presents a model for conducting a sustainability-based risk assessment of P3 infrastructure projects through global data. Monte Carlo simulation is employed to further define the probabilistic risk ranges and risk ranks over relevant triple-bottom-line-based sustainability indicators for highway sector P3 projects. Findings are further demonstrated through two highway case studies and relevant mitigation strategies are also suggested. In the end, an implementation framework and future recommendations for the application of study findings on actual projects are also suggested. The study has useful implications for practitioners and researchers alike aiming for the delivery of sustainable complex projects. Full article
(This article belongs to the Special Issue Risk Management as a Tool for Sustainability)
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20 pages, 777 KiB  
Article
Risk Management in the Import/Export Process of an Automobile Company: A Contribution for Supply Chain Sustainability
by Gabriela Costa Dias, Ualison Rébula de Oliveira, Gilson Brito Alves Lima and Vicente Aprigliano Fernandes
Sustainability 2021, 13(11), 6049; https://doi.org/10.3390/su13116049 - 27 May 2021
Cited by 20 | Viewed by 8648
Abstract
Supply chain risk management (SCRM) is imperative to achieve business sustainability in the long-term perspective and also to increase companies’ competitiveness. ISO 31000—Risk Management explains in its latest versions the need for companies to integrate a risk management process into their business models. [...] Read more.
Supply chain risk management (SCRM) is imperative to achieve business sustainability in the long-term perspective and also to increase companies’ competitiveness. ISO 31000—Risk Management explains in its latest versions the need for companies to integrate a risk management process into their business models. Complementary to this standard, ISO 31010 presents 31 risk tools to guide companies in this task. However, a question of practical application arises as to which tools should be used for each stage of the SCRM process. In view of the raised question, the main objective of this research is to select ISO 31010 tools that can be used in each of the stages (identify, analyze, and evaluate) of the risk management of the import and export process of an automotive industry located in Brazil. For this, the analytic hierarchy process (AHP method) was used in a case study to prioritize the tools to compose the SCRM. As practical implications, this study resulted in the suggestion of a structured risk management process, considering the assessment of key professionals of the department studied in the company. Full article
(This article belongs to the Special Issue Risk Management as a Tool for Sustainability)
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26 pages, 3960 KiB  
Article
Evaluation of Road Infrastructure Projects: A Life Cycle Sustainability-Based Decision-Making Approach
by Husnain Arshad, Muhammad Jamaluddin Thaheem, Beenish Bakhtawar and Asheem Shrestha
Sustainability 2021, 13(7), 3743; https://doi.org/10.3390/su13073743 - 27 Mar 2021
Cited by 20 | Viewed by 6617
Abstract
Economic growth, social wellbeing, and infrastructure are strongly interrelated and jointly contribute to national development. Therefore, evaluation and selection of a road infrastructure project direly need a comprehensive sustainability assessment integrating holistic decision criteria. This study presents an elaborate life cycle sustainability-based project [...] Read more.
Economic growth, social wellbeing, and infrastructure are strongly interrelated and jointly contribute to national development. Therefore, evaluation and selection of a road infrastructure project direly need a comprehensive sustainability assessment integrating holistic decision criteria. This study presents an elaborate life cycle sustainability-based project evaluation tool, comprising an assessment framework, an integration model, and a decision framework. In the first phase, a life cycle sustainability assessment (LCSA) framework for road infrastructure is established using mixed methods. In the second phase, interviews are conducted to obtain pairwise comparisons among impact categories and subjective reasoning of their priorities. Analytical hierarchy process (AHP) is adopted to develop the LCSA integration model. The minimum threshold limits of impact categories are evaluated and integrated into the proposed decision framework. Further, thematic and cross-sectional analyses are performed on the interview findings to rationalize the proposed decision framework. The findings include a detailed and customized project assessment framework, an integration model, and a decision framework for the assessment of different project alternatives. This study helps policy- and decision-makers in selecting the project alternative by maximizing sustainability in road infrastructure projects. Insights into environmental and social externalities and their quantitative interpretation throughout the life of the road are also achieved. Full article
(This article belongs to the Special Issue Risk Management as a Tool for Sustainability)
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14 pages, 1103 KiB  
Article
The Impact of Land Use Change on Disaster Risk from the Perspective of Efficiency
by Qingmu Su, Kaida Chen and Lingyun Liao
Sustainability 2021, 13(6), 3151; https://doi.org/10.3390/su13063151 - 13 Mar 2021
Cited by 20 | Viewed by 5032
Abstract
The increasing demand of humankind has caused a large number of land use changes, which pose a direct or indirect threat to the environment while promoting economic growth. The lack of risk-oriented land use changes may increase the disaster risk in the region. [...] Read more.
The increasing demand of humankind has caused a large number of land use changes, which pose a direct or indirect threat to the environment while promoting economic growth. The lack of risk-oriented land use changes may increase the disaster risk in the region. Therefore, how to study the relationship between land use change and disaster risk deserves attention. In this study, a research framework with quantitative relationship between land use change and disaster risk was constructed from the perspective of efficiency. The framework integrated land use change, disaster losses and environment variable (runoff increment) into a three-stage data envelopment analysis (DEA) assessment model to dynamically evaluate the impact of land use changes on disasters. The main conclusions include: (I) after the influence of runoff increment and random error was excluded, the overall risk score of counties and cities in Taiwan is 0.643, which represents a relatively high level, indicating that land use changes have caused high disaster risk; and (II) the vulnerability of land development in each county and city can be obtained through the comprehensive score of disaster risk the amount of unused input. The results of this study can help government agencies to rank various types of land development and then determine the acceptable risk level and incorporate disaster risk into land development. Full article
(This article belongs to the Special Issue Risk Management as a Tool for Sustainability)
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Review

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22 pages, 2677 KiB  
Review
An Integrated Approach for Post-Disaster Flood Management Via the Use of Cutting-Edge Technologies and UAVs: A Review
by Hafiz Suliman Munawar, Ahmed W. A. Hammad, S. Travis Waller, Muhammad Jamaluddin Thaheem and Asheem Shrestha
Sustainability 2021, 13(14), 7925; https://doi.org/10.3390/su13147925 - 15 Jul 2021
Cited by 42 | Viewed by 8092
Abstract
Rapid advances that improve flood management have facilitated the disaster response by providing first aid services, finding safe routes, maintaining communication and developing flood maps. Different technologies such as image processing, satellite imagery, synthetic imagery and integrated approaches have been extensively analysed in [...] Read more.
Rapid advances that improve flood management have facilitated the disaster response by providing first aid services, finding safe routes, maintaining communication and developing flood maps. Different technologies such as image processing, satellite imagery, synthetic imagery and integrated approaches have been extensively analysed in the literature for disaster operations. There is a need to review cutting-edge technologies for flood management. This paper presents a review of the latest advancements in the flood management domain based on image processing, artificial intelligence and integrated approaches with a focus on post-disaster. It answers the following research questions: (1) What are the latest developments in image processing for flood management in a post-disaster scenario? (2) What are the latest techniques for flood management based on artificial intelligence in a post-disaster scenario? (3) What are the existing gaps in the selected technologies for post-disaster? (4) How can the authorities improve the existing post-disaster management operation with cutting-edge technologies? A novel framework has been proposed to optimise flood management with the application of a holistic approach. Full article
(This article belongs to the Special Issue Risk Management as a Tool for Sustainability)
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