Pall Jensson

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Academic Career Length

6Years (2021-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

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20 April 2022 in Sustainability

Journal Article

Benchmarking ISO Risk Management Systems to Assess Efficacy and Help Identify Hidden Organizational Risk

Svana Helen Björnsdóttir

Pall Jensson

Saemundur E Thorsteinsson

Ioannis M. Dokas

Robert De Boer

The overall aim of this article is to contribute to the further development of the area of benchmarking in risk management. The article introduces a two-step benchmarking model to assess the efficacy of ISO risk management systems. It furthermore aims at verifying its usefulness in terms of finding hidden risk issues and improvement opportunities. The existence of all key elements of an ISO 31000-based risk management system is examined at the beginning of this study. Then, the quality in terms of efficacy of important aspects of the risk management system is examined in more detail with special benchmarks. The application of the model to six ISO-certified organizations follows and reinforces the novelty of this study, which is to combine risk science knowledge with benchmarking theory in the application of ISO risk management standards in organizations. The results show that the benchmarking model developed in this study provides rigor when assessing and evaluating the efficacy of an ISO risk management system. By applying the model, risk issues and risk factors can be found that had not previously been identified. The findings are of importance for risk management, the benchmarking science, and for the development of ISO risk management standards.

29 December 2023 in Sustainability

Journal Article

Aligning Stakeholders and Actors: A New Safety and Security-Based Design Approach for Major National Infrastructures

Svana Helen Björnsdóttir

Pall Jensson

Saemundur E Thorsteinsson

Ioannis M. Dokas

Helgi Thor Ingason

This study introduces a systems-theoretic methodology to meet the requirements of a major national infrastructure for safety and security-based design by enhancing the alignment of stakeholders and actors in the project. Safe-by-Design (SbD) is an engineering concept for risk management that considers safety as much as possible in the design phase. The article presents the results of a case study conducted to investigate the efficacy of recent system safety models and analysis techniques in the major national infrastructure of a Waste-to-Energy (WtE) project under consideration in Iceland. The structures and roles within the system responsible for constructing the WtE plant, given the sustainability and circular economy restrictions, are addressed in the study. Stakeholders’ roles and responsibilities are analyzed, yielding their feedback on potential risks and creating a positive image of the project. Also, suitable ways to enter the project and finance it are devised. In essence, this enables the creation of a safety and security-based design approach. Furthermore, detailed documentation of the system model development is presented. The novelty of the study lies in the application of STAM, STPA, and STECA as an SbD approach for a major infrastructure project. Also, the methods discussed here have not been used in a WtE project as far as we know.

23 November 2021 in International Transactions in Operational Research

Journal Article

Increasing lobster processing margins through scenario linear programming

Pierre‐André M. Fruytier

Pall Jensson

In the lobster processing industry, savvy decision-makers call for robust, fast, and cheap decision support systems to simulate scenarios in hard-to-predict market conditions for planning sales and operations of the next season. For optimizing the planning of simulated scenarios, linear programming models are customized to the constraints of each business case, and to data readily available from past seasons. For illustration, two significantly different cases are presented with results. Considerations regarding cross training and cell operations is discussed to resolve shifting bottlenecks and consequently improve financial performance. Depending on cases, direct margins could be improved by up to two-digit rates.

About Me

BSc, Mechanical Engineering, Univ. of Iceland 1969. MSc, Industrial Engineering, Techn. Univ. of Denmark 1972. PhD, Operations Research, Techn. Univ. of Denmark 1975. Career 1972–75, research and teaching at Techn. Univ. of Denmark 1975–77, Systems Engineer at IBM 1977–88, Director of Computing Centre, Univ. of Iceland 1976–87, Lecturer in Operations Research 1988–2011, Professor of Industrial Engineering, Univ. of Iceland 2011, Professor of Industrial Engineering, Reykjavik University 1982, Visiting Scholar at Stanford University 1983–84, Vice-Chair of Assoc. of Chartered Engineers in Iceland 1984–85, Vice-Chair for Icelandic Operations Research Society 1987, Visiting Scholar, Univ. of Florida, Dept. of Industrial and Systems Engineering 1987–88, Chair for Icel. Data Processing Society 1989–90, Chair for Icel. Research Computer Networks 1990, Member of the Board of the Fisheries Research Institute, Univ. of Iceland; Chair 1997–2001. 1991, Visiting Professor at Oregon State Univ., Dept. of Agriculture and Resource Economics 1991–93, Chair of Dept. of Mechanical Engineering 1991–94, Member of the Board of NORDINFO 1995, Member of the Board of the NORDTEST ITgroup 1997, Visiting Professor at DalTech-Dalhousie Univ. Dept. of Industrial Engineering 2001, Visiting Professor at Western Washington Univ., Bellingham, Washington 2005, Visiting Scientist at FAO 2008, Visiting Professor at the University of Namibia in Windhoek, Namibia

Pall Jensson

Pall Jensson

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About Me