...Memorandum TO: Professor Payne DATE: April 09, 2016 FROM: YuPo Chiu SUBJECT: Analysis of Fukushima Daiichi Nuclear Disaster on Agribusiness export Introduction On 11 March 2011, a tremendous earthquake occurred in Fukushima, where locates in East part of Japan. It was a massive earthquake with a magnitude of 9.0 and resulted in a great tsunami which struck a wide area of north-eastern coast of Japan right after the earthquake. The earthquake firstly damaged the electric power supply lines of Fukushima Daiichi nuclear power plant and the tsunami caused catastrophic destruction of the operational and safety infrastructure on the site. The combination of effect from earthquake and tsunami caused the loss of on-site and off-site electrical...
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...On March 11th 2011 a magnitude 9.0 earthquake known as the Great East Japan Earthquake struck off the east coast of japan. It sparked a level 7 nuclear meltdown at the Fukushima Daiichi Nuclear Power Plant, according to the International Nuclear Event scale (INES) it remains one of the most severe accidents in history. The Nuclear Accident Independent Investigation Commission (NAIC) concludes the meltdown at Fukushima Daiichi was preventable, deeming it as a “manmade” disaster. On the other hand, several organizations, including Tokyo Electric Power Company (TEPCO), claim the incident was caused by "unprecedented natural disasters" and therefore was inescapable due to the unpredictability of the weather. Throughout this essay will attempt to answer the question: Did Tokyo Electric Power Company take appropriate safety precautions at Fukushima Daiichi Nuclear Power Plant, or was the nuclear meltdown preventable? In order to assess whether or not TEPCO was at fault for the accident at Fukushima we must first acknowledge what happened when the Great East Japan Earthquake struck, and therefore discus the...
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...As if the hysteria of the tsunami striking Japan wasn't enough. 24 hours later horror struck at the Fukushima Dai-ichi nuclear power plant. Some might say the horror was caused by the natural disaster; however, it was caused by the owners of the power plant and their negligence towards the situation. According to a report on the disaster it stated the following.’’It was unprepared to face major disaster and government regulators and the Japanese utility that ran if knew for years that the plant wouldn't make it crisis.’’(1). The true culprit for this tragic event is negligence not an unavoidable natural disaster. The government knew that wouldn't survive a tragic event for years. This shows that the government had a great deal of responsibility of the disaster. Why you may ask? Well the government knew about the threat the plant was in ; however, they decided to leave the plants open and did not evacuate the population that surrounded the area of the plant's location. This caused the whole hassle of trying to prevent the plants from blowing up; therefore, If they had evacuated the area they wouldn't need to worry about the plants blowing up and affecting everyone...
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...assist them in the most effective way. Table of Contents Objective 1 Introduction 3 Corporate Summary 3 Crisis Background 4 Oct Year 2004 & July 2007 4 Mar 2011 – Current 4 Impact from the Crisis 6 Analyse the Tokyo Electric Power Company, Incorporated (TEPCO) 7 SWOT Analysis 7 Strength 7 Weakness 8 Opportunities 9 Threat 10 Criteria in Success 12 Conclusion 13 Resources: 14 Introduction Corporate Summary Figure 1.1.1 – Company logo Tokyo Electricity Power Company (TEPCO) is an electricity utility and was established in 1st May 1951. TEPCO is the fourth power company in Asia, operation 17 nuclear reactors and supplying one-third of Japan’s electricity. The first nuclear unit at Fukushima Dai-Chi (Fukushima) nuclear power plant began operational generation on 26th March 1971. During 1980s and 1990s, the widespread use of air-conditional and IT/OA appliances caused a gap between day and night electricity demands. In order to reduce surplus generation capacity and increase capacity utilization, TEPCO developed pumped storage hydroelectricity power plants and promoted thermal storage units. In 2009, TEPCO is expected to play a key role in achieving Japan's targets for reduced carbon dioxide emissions under the Kyoto Protocol. TEPCO launched an extensive sales promotion campaign called “switch”, promoting all-electric housing in order to...
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...1. Excusive Summary On March 11, 2011 the unpredicted earthquake and tsunami caused serious nuclear accident in Japan. However, it was triggered by unexpected natural disaster, the accident can be avoided if there exist a sound risk management cycle to identify the risks within this project and put a risk management plan in place. What’s more, the influence of the Fukushima Daiichi nuclear disaster would be reduced through proper crisis management procedures. There are three major key risk issues findings about the Fukushima Daiichi nuclear disaster. The first one is risk identification problems in risk management cycle. The second risk issue is failure in avoiding crisis. The last point discusses communication problems in containing crisis. The damages can be reduced and the Fukushima Daiichi nuclear disaster can be avoided if TEPCO management make further research in risk identification process, spend more effort in avoiding crisis rather than only focus on profit generating activities. When the crisis happened properly communicate with government and ensure information transparency help protect the public images of the firm, After in depth research about the case of Fukushima Daiichi nuclear disaster and compare with Three Mile Island nuclear power plant accidents. This report draws lessons from the cases and provides several recommendations for the Fukushima Daiichi and the Japanese government. , 2. Introduction and Aims There are numerous business risks and the...
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...ACCT 5919 – Fukushima – An Analysis of Risk Management Issues ACCT 5919 – Business Risk Management Fukushima – An Analysis of Risk Management Issues Page 1 of 11 ACCT 5919 – Fukushima – An Analysis of Risk Management Issues 1.0 Executive Summary On 11th March 2011, Japan witnessed the second largest earthquake with a magnitude of 9.0 with its epicentre at Tohoku. The earthquake gave rise to a Tsunami which hit the Fukushima nuclear reactor run by The Tokyo Electric Power Company (TEPCO). The disaster escalated by triggering a series of power and equipment failures, explosions, nuclear meltdowns and release of radioactive material. The disaster was regarded as a manmade disaster which could have been avoided with appropriate human response as stated by the chairman of NAIIC, Professor Kiyoshi Kurokawa (Bloomberg, 2012). TEPCO lacked a sense of responsibility to ensure safety and protection to the people effected by the disaster. The nuclear incident was caused by poor earthquake safety planning and faulty post-tsunami communication. The collusion between TEPCO and the regulators resulted in there being no separation of atomic regulation and promotion which led to nuclear power become unstoppable force immune to scrutiny. TEPCO, government and the regulators failed to develop the most basic safety requirements like assessing the probability of damage, preparing for containment of collateral damage, and developing evacuation plans. The lack of training...
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...Allison Garcia Mrs. Kerr Honors Chemistry 2 January 2016 Fukushima Nuclear Meltdown On Friday, March 11th, 2011, an earthquake occurred about 130 km offshore the city of Sendai. From how severe it was, the earthquake was named the Great East Japan Earthquake. It was devastating, having a magnitude of 9.0, and it was also a very rare “double quake”, making the duration last a destructive three minutes. The earthquake was so severe that the whole country of Japan actually moved a few meters east, and sadly killed over 19,000 people. Eleven reactors from four differents nuclear power plants were shut down, including the Fukushima Daiichi units one, two, and three. Units four, five, and six were already inactive at the time of the earthquake, but were still affected. The reactors...
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... The Fukushima Daiichi Incident 1. 2. 3. 4. Plant Design Accident Progression Radiological releases Spent fuel pools The Fukushima Daiichi Incident – March 21, 2011 The Fukushima Daiichi Incident 1. Plant Design " Fukushima Daiichi (Plant I) Unit I - GE Mark I BWR (439 MW), Operating since 1971 Unit II-IV - GE Mark I BWR (760 MW), Operating since 1974 The Fukushima Daiichi Incident – March 21, 2011 The Fukushima Daiichi Incident " Building structure Concrete Building Steel-framed Service Floor 1. Plant Design " Containment Pear-shaped Dry-Well en.wikipedia.org/wiki/Browns_Ferry_Nuclear_Power_Plant Torus-shaped Wet-Well nucleartourist.com The Fukushima Daiichi Incident – March 21, 2011 The Fukushima Daiichi Incident 1. Plant Design " Service Floor The Fukushima Daiichi Incident – March 21, 2011 The Fukushima Daiichi Incident 1. Plant Design " Lifting the Containment closure head The Fukushima Daiichi Incident – March 21, 2011 The Fukushima Daiichi Incident 1. Plant Design " Reactor Service Floor (Steel Construction) " Concrete Reactor Building (secondary Containment) Spend Fuel Pool Fresh Steam line Main Feedwater " Reactor Core " Reactor Pressure Vessel " Containment (Dry well) " Containment (Wet Well) / Condensation Chamber The Fukushima Daiichi Incident – March 21, 2011 The Fukushima Daiichi Incident 2. Accident progression " 11.3.2011 14:46 - Earthquake ...
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...The Land Rising Again On March 11, 2011, an earthquake measuring a magnitude of 9.0 occurred off the coast of Honshu. The earthquake produced a tsunami that affected mostly Sendai and would take the lives of thousands of people and more in injuries. Fukushima Daiichi is declared a nuclear disaster when a meltdown of the reactors in the nuclear power station left contamination in the water, land, and air. In the aftermath of the tsunami of March 11, 2011, the people of Japan have not only the challenge of redevelopment but the safety from Fukushima and strength to build a healthy psychological future. When Fukushima Daiichi was designed and built with information of tsunami hazard, there were no known large tsunamis that hit that particular part of the coast (Noggerath 39). Once the news of the nuclear disaster was being announced it brought a series of new tragedies to the community. They were evacuated from the surrounding area of the nuclear plant because of the release of radioactive materials. Many are not able to come back to their homes due to the decaying contaminates emitting radiation. Although evacuations were set forth immediately, those that have been exposed will suffer a great deal of health problems. Cancer and tumors are likely for those who were exposed to high levels of radiation. Other problems facing many is the psychological repercussions leading to “stress related symptoms such as depression, anxiety, post-traumatic stress disorder...
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...Fukushima Radiation Causes Growing National Concern: Time for New EPA Policy Eric Zoppi 3279672 2 December 2013 On March 11th, 2011 the Tōhoku earthquake and the resulting tsunami wreaked havoc upon Japan. Unfortunately, this natural disaster resulted in the largest nuclear disaster since Chernobyl, as the tsunami crippled the Tokyo Electric Power Company (TEPCO) Fukushima Daiichi Nuclear Power Plant. Following this severe breach in security, numerous radioactive isotopes and radioactive particles were released into the environment, specifically the Pacific Ocean and the surrounding air/atmosphere, thus contaminating groundwater, soil and seawater, as well as effectively shutting down a myriad of Japanese fisheries. The ocean and air mainly came in contact with high levels of Iodine-131, Cesium-137, and Cesium-134, as well as lower levels of Tellurium, Uranium, and Strontium, which were concentrated closer to the surrounding area of the nuclear power plant. However, the impact that these radioactive materials will have upon the United States, in particular, has caused quite the national controversy. Despite heavy national acceptance of the occurrence of the disaster, two popular and opposing hypotheses have formed as a result of the Media’s lack of focus on recent analyses of the impending effects of Fukushima Disaster upon the U.S.: (1) the radioactive material that leaked as a result of the TEPCO nuclear power plant failure will not have a drastic, threatening...
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...People have turned to using nuclear power, however, when reactors malfunction, they negatively affect the environment and the human race. Fukushima and Chernobyl are examples of reactors malfunctioning and affecting the world around them. While both were rated a seven out of seven on the International Nuclear and Radiological Event Scale (INES), they had drastically different causes and effects. In 1986, workers conducted a test on the unit four reactor without taking necessary safety precautions, resulting in explosions that almost destroyed it. The reactor was a RBMK-1000 which is a graphite moderated pressure tube type reactor. Its fuel was slightly enriched uranium dioxide (2% U-235). Thirty operators and firemen were killed within three...
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...Innovation in Japan after the earthquake and the tsunami of 2011. 1 More specifically the purpose of this presentation is to illustrate how some companies in Japan used innovation as both an effective marketing tool and a growth engine after the 11.03 disaster. 2 . Tonight we will first take a quick look at what happened in Japan that time, how this nation is looking to the future and then how 4 big Japanese companies responded innovatively as well as what this can mean for us as future business people. 3 Well, most of us were about to enter the university when we‘ve been looking at the images of the disaster coming from Japan. A nine magnitude earthquake followed by a devastating tsunami had as a result tons of debris, thousands of hectares of farmland devastated, a huge cost in direct material damage, a much more serious environmental disaster caused by the meltdown at Fukushima nuclear plant BUT the most shocking figures are the thousands of people that have been evacuated and most of all the nineteen thousands of people being killed by the tsunami. 4 Well, most of us were about to enter the university when we‘ve been looking at the images of the disaster coming from Japan. A nine magnitude earthquake followed by a devastating tsunami had as a result tons of debris, thousands of hectares of farmland devastated, a huge cost in direct material damage, a much more serious environmental disaster caused by the meltdown at Fukushima nuclear plant BUT the most...
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...Japan Earthquake 2011 Facts about the earthquake * A massive 9.0-magnitude earthquake struck Japan, Friday afternoon, on 11 March 2011 at 0546 GMT * The quake was centered 130 kilometers to the east of Sendai. * A tsunami was sent crashing into the country’s north-eastern coast. * It was originally reported at a magnitude of 7.9, but later was upgraded to 8.9 and then to a 9.0. * It lasted 6 minutes. * That makes it the fifth largest recorded worldwide since 1900, according to the U.S. Geological Service, larger than the 7.9-magnitude Great Kanto Earthquake that devastated Tokyo in 1923 or the 6.8 magnitude quake that hit Kobe in 1995. * It had 10,000 times more energy than the magnitude 6.3 earthquake in Christchurch, New Zealand, which struck 17 days earlier The Cause * Japan is located on the east edge of the Eurasian Plate. * The oceanic Pacific Plate subducts the Eurasian Plate. * This plate margin is “destructive” – it is not a smooth process, friction is present and the plates stick. * When the plates stick, tension builds up. * When this pressure builds up and is released, it causes a rapid shift in the plates and a lot of energy to be release, in this case about the same as the annual energy output of the UK. Impact * Japan was largely prepared for the earthquake and many buildings remained standing afterwards...
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...Truly “Under Control?” 2020 Olympics in Japan Mar. 2011 Fukushima Daiichi nuclear disaster Feb. 2014 Additional leaks at Fukushima nuclear plant X O immediate health threat, high rates of cancer in Japan. 1 / 2 / Imports and Exports 3 / Implication for Business National Brand Image of Japan & Domestic Markets Impacts on National Image of Japan 1. Decline Brand Finance Nation Brand 2010- 3rd ↓ -25.9% 2011- 4th ↓ 2012-4th ↓ -11% 2013-5th 2. Decline Expected growth rate of Japan Expected growth rate Many company leave Japan 2010- 3.9% ↓ 2011- 0.3% e.g) Michelin, Hyundai car Liberty Global Carrefour, Versace Reported by Bank of Japan Reported by KJC Impacts on Domestic market Fukushima- Big agricultural & Fishery area in Japan →Major products were agro-fishery products Radiation Leak Consumption in country decrease rapidly The price of product plunge Income decrease 2 / Imports and Exports Nation’s earthquake on production plant Fukushima Nuclear crisis Nation’s earthquake Nuclear crisis -Acceleration of disconnection Exporting in supply chain -Loss in Blance of trade -Major trading country’s import ban on food in 30 years Imporitng -To Substitute on delay of domestic production -To run heat power plants, mineral fuel importing increased Impacts on exporting 1. Acceleration of disconnection in supply chain ...
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...Discuss the Fukushima incident in the context of Globalisation Globalisation is a continuous practice, which advances the affiliation between countries through methods such as the use of technology and the decrease in the barriers of trade, which enables financial and investment markets to operate internationally. (International business environments and operations 2011) The Fukushima incident became an international catastrophe on March 11th 2011 when three reactors at the fifteen largest power plant the Dai-ichi nuclear power plant in north Fukushima, exploded after the back-up electrical systems were flooded; this triggered the reactors to overheat and subsequently caused the explosions. This allowed radiation to escape from the reactor chambers. Due to the explosions the plants were left unable to produce any nuclear energy, it also had an effect on a range of exports including shipping and the food industry due to the contamination of these products, causing huge problems for the Japanese economy as it was unable to export goods to other economies whose countries were unable to receive the goods. (International Financial Law Review,2011), Countries such as the US, Hong Kong and China are amongst the most likely to be affected by the nuclear impact on Japan’s food industry as they will need to find alternative exporters of food products such as leaf vegetables, spinach and milk. This is because these products have been affected by the radiation; therefore to prevent...
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