• Korean Journal of Construction Engineering and Management
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• v.7 no.1 s.29
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• pp.168-175
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• 2006

Since the partly changed 'Private Investment Act for Social Infrastructure Projects' set forth in January 2005, the number of BTL(Build-Transfer-Lease) projects offered to the market has rapidly increased. The scope of BTL projects offered covers not only legally defined facilities but several facilities for the private schools. A BTL project, by definition, is a way of project management that includes the entire process of development such as planning, design, construction and operation over the period of 20-30 years. As a result, various types of risk may happen at each stage of the project and it is extremely important to efficiently control the sensitive factors that affect the risk profiles of the project. The examples of the sensitive factors are construction cost, interest rate, discount rate, lease amount, rental fee, O&M cost and so on. This study examines the characteristics of these sensitivity factors, analyzes their impact on the project feasibility and suggests the alternatives to manage them efficiently.

• Defense and Technology
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• no.12 s.130
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• pp.62-69
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• 1989

현재 개발되고 있는 유럽의 헬기들은 거의 전부가 공동개발 형태이며, 이 프로그램들을 관리하는 기술은 이전의 영.불콩고드, 유럽의 에어버스, 불.독의 유로미사일 그리고 NATO의 Tornado 전투기프로그램에서 얻은 경험들을 토대로 하고 있다. 이 관리기술이 가장 최근에 실현된 프로그램이 EH-101이라 할수 있다. 엄청난 리스크와 비용을 유럽이 그간 축적한 경험으로 극복한 점은 유럽공동개발 프로그램으로서 EH-101이 갖는 각별한 의미이다

• The Journal of the Korea Contents Association
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• v.9 no.8
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• pp.41-48
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• 2009

As enactment and enforcement of capital markets integration law, investment banks are going to be appeared in our financial market and be able to provide payment services. To provide these kinds of services, investment banks need to be participated in the financial network. As the financial network enormously affect the economy, the operation of the network will require a variety of risk managements. In this paper we define operational risk management criteria for the financial network such as security, in-time response, economical efficiency and stability to be required for the healthy economy and propose the configuration of the financial network system based on virtual private networks for investment banks to provide payment services. Finally we analyze that the proposed VPN configuration for financial networks has high security and in-time response with the cost and operation effective.

• Proceedings of the Korean Institute of Industrial Safety Conference
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• 2003.05a
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• pp.247-250
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• 2003

제조물책임(Product liability： PL)과 관련하여 소비자와의 분쟁이나 사고가 발생하였을 때 기업의 신속하고 체계적인 대응은 내부적으로 손실비용의 최소화와 외부적으로 기업 신뢰도에 영향을 미친다. 그러나, 많은 기업이 그러한 대응(Product liability： PLD)에 체계적인 관리체계를 갖고 있지 않아 문제가 확대되거나 기업으로 하여금 위기로 몰고 가 여러 가지 파생되는 리스크가 많다. 이것은 모두 기업의 손실비용으로 해석될 수 있는데, 우리나라의 기업들은 이 점을 올바로 인식하지 못하고 있어 임의적인 대응으로 일관하거나, 표준적인 매뉴얼조차 구비하지 못하고 있다.(중략)

• Journal of Korea Port Economic Association
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• v.34 no.1
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• pp.99-110
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• 2018

This study empirically examines simple methodology to quantify the risk resulted from the uncertainty of bunker price and foreign exchange rate, which cause main resources of the cost in shipping industry during the periods between $1^{st}$ of January 2010 and $31^{st}$ of January 2018. To shed light on the risk measurement in cash flows we tested GBM(Geometric Brownian Motion) frameworks such as the model with conditional heteroskedasticity and jump diffusion process. The main contribution based on empirical results are summarized as following three: first, the risk analysis, which is dependent on a single variable such as freight yield, is extended to analyze the effects of multiple factors such as bunker price and exchange rate return volatility. Second, at the individual firm level, the need for risk management in bunker price and exchange rate is presented as cash flow. Finally, based on the scale of the risk presented by the analysis results, the shipping companies are required that there is a need to consider what is appropriate as a means of risk management.

• Korean Journal of Construction Engineering and Management
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• v.11 no.1
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• pp.113-121
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• 2010

Since the cut-down of the purchasing price of the feed in tariff(FIT) in 2008, the numbers of photovoltaic projects get decreased, contrary to investment expansion policy of government on renewable energy. The root cause of the decrease is the irrationality of the current purchasing price structure of FIT as well as the adversity of fund raising due to the global financial crisis. This study proposes the FIT calculating model (Cost & Benefit Risk Based Purchase Price Process : CBRP3) reflecting the fluctuation of cost and benefit risks. The first step is to establish the photovoltaic generation alternatives, and to calculate each distribution data of the investment and the power generation quantity. The FIT for each alternative is, then, assessed through simulations. Finally the proposed FIT scheme is compared to the present FIT scheme and future study subjects are derived.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2023.11a
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• pp.49-50
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• 2023

Asbestos is a building material that has been actively used because of its excellent durability and heat resistance until 2009, when it was found to be a first-class carcinogen and prohibited in Korea. Currently, asbestos dismantling is an essential process in demolition of old buildings. Workers are likely to be exposed to asbestos in the process of dismantling and removing them, which causes various occupational diseases, suggesting related laws and work standards to ensure the safety of asbestos dismantling process. Accordingly, prior studies have been conducted to analyze the level of asbestos exposure and influencing factors occurring during work, but most of them are mainly concerning health issue while research on process risks considering field characteristics and safety aspects of the work processes is still insufficient. Therefore, this study aims to derive the process risks affecting the safety of workers based on the survey results of asbestos dismantling companies, and further proposed a cost calculation model taking those risks into account.

• The KIPS Transactions:PartD
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• v.14D no.6
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• pp.689-700
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• 2007

Organizations and customers lose if business activities we discontinued by an incident of information systems under the current business environment because they pursue real time enterprise and on demand enterprise. The loss includes the intangible decline in brand image, customer separation, and the tangible loss such as decrease in business profits. Thus. it is necessary to have preparedness in advance and mitigation for minimization of a loss due to the business discontinuity and information system's operational risks. This paper suggests the mitigation model for minimizing the incidents of disk unit in information system's operational risks. The model will be represented by a network model which is composed of the three items as following: (1) causes, attributes, indicators of an operational risk, (2) a periodic time through an analysis of historical data, (3) an index or a regulation related to the examination of causes of an operational risk.

• The Magazine for Energy Service Companies
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• s.29
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• pp.48-61
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• 2004

최근 일본에서는 ESCO사업에 PFI법을 새로이 적용하고 있다. 성과배분제, 성과보증제에 이어 이 제도를 적용할 경우, 국가 및 공공기관을 대상으로 하는 ESCO사업의 확대 및 자금조달이 한층 유리해질 전망이다. 지난 99년 제정된 PFI(Private Finance Initiative)법(민간자금 등의 활용에 의한 공공시설 등의 정비 등의 촉진에 관한 법률)에 근거한 사업은 ''공공시설 등''에 있어서 건설, 유지관리 운영 등을 민간의 자금, 경영능력 및 기술적 능력을 활용하는 사업방법으로 사업 전체의 리스크관리가 효율적으로 행해지는 것과 설게$\cdot$시공$\cdot$유지관리$\cdot$운영의 전부 또는 일부를 일체적으로 취급하는 것에 의해 사업비용의 절감이 기대되며 질 높은 서비스의 제공이 가능한 제도이다. 이것과 매우 유사한 개념을 가지고 있는 것이 성과보증제에 의한 ESCO사업이다. 민간사업자인 ESCO사업자가 자금을 조달하고 에너지절약 개수공사에 따른 설계$\cdot$시공$\cdot$, 운전$\cdot$유지관리, 계측$\cdot$검증, 에너지절감 보증 등의 서비스를 제공하며, 광열수도비 및 운전$\cdot$유지관리비의 절감분으로 모든 투자와 ESCO사업자의 경비를 지불한다. 또 에너지절감 및 공공의 이익보증을 포함한 퍼포먼스계약이라고 하는 형태를 취하는 것으로 공공 이익의 최대화를 도모함과 동시에 금융기관의 투자 리스크에 관한 우려를 회피할 수도 있다. 또 PFI법 특유의 법제상, 재정상의 조치와 재정상 및 금융상의 지원이라는 배려에 있다. 예를 들면, 국고채무부담행위의 설정, 행정재산 사용료의 무상화 또는 감면, 프로젝트 파이낸싱 등에 의한 자금조달을 고려할 경우에 있어서 담보권의 설정 등에 관한 제도를 합리적으로 정비하는 것이 가능하게 된다. 그 내용의 대강을 살펴본다.

• Journal of Korean Tunnelling and Underground Space Association
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• v.18 no.5
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• pp.453-467
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• 2016

Overall risks that can occur in a shield TBM tunnelling are studied in this paper. Both the potential risk events that may occur during tunnel construction and their causes are identified, and the causal relationship between causes and events is obtained in a systematic way. Risk impact analysis is performed for the potential risk events and ways to mitigate the risks are summarized. Literature surveys as well as interviews with experts were made for this purpose. The potential risk events are classified into eight categories: cuttability reduction, collapse of a tunnel face, ground surface settlement and upheaval, spurts of slurry on the ground, incapability of mucking and excavation, and water leakage. The causes of these risks are categorized into three areas: geological, design and construction management factors. Bayesian Networks (BN) were established to systematically assess a causal relationship between causes and events. The risk impact analysis was performed to evaluate a risk response level by adopting an Analytic Hierarchy Process (AHP) with the consideration of the downtime and cost of measures. Based on the result of the risk impact analysis, the risk events are divided into four risk response levels and these levels are verified by comparing with the actual occurrences of risk events. Measures to mitigate the potential risk events during the design and/or construction stages are also proposed. Result of this research will be of the help to the designers and contractors of TBM tunnelling projects in identifying the potential risks and for preparing a systematic risk management through the evaluation of the risk response level and the migration methods in the design and construction stage.