Financial supply chain dynamics : operational risk management and RFID technologies
Name
65169576-MIT.pdf
Description
Full printable version
Size
9.01 MB
Format
Adobe PDF
Checksum (MD5)
ad6d3001191b6eeef7aed7955f4fab5e
Author(s)
Reddy, Harry, 1963-
Advisor(s)
Chris Caplice.
Alternative Title
Operational risk management and Radio Frequency Identification technologies
Date Issued
2005
Publisher
Massachusetts Institute of Technology
Abstract
The banking industry is consolidating to streamline its operations through mergers and acquisitions, and is adopting new technologies to develop innovative products and services, thereby achieving both economies of scale and scope. Operational risk management has become a serious issue in the banking industry. Some reputed banks are either forced to close down their operations (eg., Citibank Private Bank in Japan) or faced cost overruns (eg., Barings Bank in England) due to poor operational risk management. In the supply chain industry, businesses are engaged in devising effective solutions using RFID technologies to locate and track the goods. We present the dynamics of banking industry in terms of operational risk management, innovation and business strategies. We also present the process mapping of RFID technology use in banking business areas to minimize operational risks. We further come-up with an effective operational risk management framework for banks to follow in improving their operational risk management.
Description
Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2005.
Includes bibliographical references (leaves 81-83).
Subjects
Engineering Systems Division.
MIT Department
Massachusetts Institute of Technology. Engineering Systems Division
Terms of Use
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