NDLI: Quantifying Profit and Loss Associated With Failure Cases

Content Provider	The American Society of Mechanical Engineers (ASME) Digital Collection
Author	Nakao, Masayuki Yabuta, Naohiro Terabe, Masahiro
Copyright Year	2004
Abstract	Failures have impact on the society as well as on the entity that caused the failure. The size of impact varies with each case. Although large scale accidents will cause great impact on the society and the originator, it is not only the size of failure that determines the size of impact on the originator. When an unethical corporate misconduct is revealed, the company at times will disappear by loss of business or administrative disposition. To measure the impact of failures on the originator and to help make decisions of whether to disclose or cover the event, we defined two quantities associated with failure; “Profit of Failure” and “Loss of Failure”. The former measures monetary gain for covering up a failure, and the later the loss in case the failure is disclosed. We applied our method of calculation to 18 cases of past failures and identified different groups. Some cases, the loss exceeds the profit and business owners are encouraged to publicly disclose the event as soon as it internally becomes known to keep the damage smaller. In other cases, the loss is smaller than the profit and in which case, business owners may decide to cover up the event. Even in the later case, business owners may want to disclose the event anyway because recently changed regulations protect the whistle blowers better and for ethical reasons.
Sponsorship	Design Engineering Division and Computers and Information in Engineering Division
Starting Page	1095
Ending Page	1100
Page Count	6
File Format	PDF
ISBN	0791846946
DOI	10.1115/DETC2004-57576
e-ISBN	0791837424
Volume Number	Volume 1: 30th Design Automation Conference
Conference Proceedings	ASME 2004 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference
Language	English
Publisher Date	2004-09-28
Publisher Place	Salt Lake City, Utah, USA
Access Restriction	Subscribed
Subject Keyword	Profit and loss Ethics Failure
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in