Open AccessApplying the ISO 31000:2009 in livestock industries (Case study: XYZ livestock group)
Author(s) -
Hanifah Afro Fitria,
Agus Mansur
Publication year - 2021
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/1072/1/012029
Subject(s) - livestock , business , agricultural science , agricultural economics , geography , environmental science , forestry , economics
XYZ Livestock Group is one of the livestock industries contributing to beef cattle and dairy cattle. However, there are many problems in the livestock industry. Because of the many uncertainties in managing the livestock industry, many cattle ranchers have switched professions to sand miners or residential entrepreneurs. This research is designated as a reference for livestock industry stakeholders to improve their business, especially to handle their risk. ISO 31000:2009 Framework is used as a method in this research. In this study, we found 13 risks with 13 causes of risk that occurred in the XYZ Livestock Group. Further analysis shows that there are three risks in the red zone, namely that livestock cannot be sold (dead/sick), and consumers of XYZ Livestock Group are declining. Furthermore, this research proposes a mitigation strategy to reduce risk. Three mitigations are obtained based on risk priorities, namely taking or increasing risks to get opportunities, eliminate sources of risk, and change the consequences.