• Proceedings of the KIEE Conference
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• 1986.07a
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• pp.249-252
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• 1986

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.463-466
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• 2008

Owing to the characteristics of the construction industry, large number of risk factors exist in construction projects compared to other industries. In the year 2007, due to industrial disaster, there was a loss of about 70 million number of working days and about 3 trillion won of the economic direct loss Economic loss is estimated up to 16trillion won including the indirect loss. Hence, a countermeasure is required to reduce the loss. However, the existing safety management is inefficient because it is based on experiential safety knowledge in the form of safety index, regulations. The purpose of this research is to improve this problem by proposing a quantitative risk assessment methodology. First, the limitation of existing hazard index is analyzed and subsequently variables for assessing degree of risk is established. Finally, these variables are then combined and a quantitative risk assessment methodology is proposed.

• Journal of the Earthquake Engineering Society of Korea
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• v.20 no.6
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• pp.391-400
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• 2016

For earthquake loss estimation of building structures in Gangnam-Gu district in Seoul, three scenario earthquakes were selected by comparison of the response spectra of these scenario earthquakes with the design spectrum in Korean Building Code (KBC 2009), and then direct losses of the building structures in the Gangnam-Gu district under each scenario earthquake are estimated. The following conclusions are drawn from the results of damage and loss in the second scenario earthquake, which has a magnitude = 6.5 and epicentral distance =15 km: (1) The ratio of building stocks undergoing the extensive and complete damage level is 40.0% of the total. (2) The amount of direct economic losses appears approximately 19 trillion won, which is 1.2% of the national GDP of Korea. (3) About 25% of high-rise (over 10-story) RC building wall structures, were inflicted with the damage exceeding moderate level, when compared to 60% of low-rise building structures. (4) From the economical view point, the main loss, approximately 50%, was caused by the damage in the high-rise RC wall building structures.

• International Journal of Industrial Entomology and Biomaterials
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• v.26 no.1
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• pp.13-21
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• 2013

Boil-off loss ratio is one of the most important economic traits to be considered during the course of silkworm breeding. The boil-off loss ratio varies among the breeds and seasons. The present study was undertaken with 5 oval and 5 peanut breeds and twenty five hybrids involving these parents to select the promising hybrids with desired boil-off loss ratio. Accordingly, studies were undertaken to estimate the heterosis and heterobeltiosis. It was observed that majority of the hybrids revealed negative heterosis for boil-off loss ratio which is desirable. Based on the heterosis and heterobeltiosis, among all the hybrids, the hybrid APBRO5 ${\times}$ APBRD5 exhibited highest negative heterosis for boil-off loss ratio and also exhibited highest EI value (64.5) for the quantitative and qualitative traits. Based on the hybrids performance, boil-off loss ratio, heterosis and heterobeltiosis and evaluation index, the hybrids viz. APBRO5 ${\times}$ APBRD5, APBRO1 ${\times}$ APBRD1 and APBRO3 ${\times}$ APBRD4 were identified for commercial exploitation.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.41 no.2
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• pp.174-183
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• 2018

In the industrial fields, the process capability index has been using to evaluate the variation of quality in the process. The traditional process capability indices such as $C_p$, $C_{pk}$, $C_{pm}$ and $C^+_{pm}$ have been applied in the industrial fields. These traditional process capability indices are mainly applied in the univariate analysis. However, the main streams in the recent industry are the multivariate manufacturing process and the multiple quality characteristics are corrected each other. Therefore, the multivariate statistical method should be used in the process capability analysis. The multivariate process indices need to be enhanced with more useful information and extensive application in the recent industrial fields. Hence, the purpose of the study is to develop a more effective multivariate process index ($MC_{pI}$) using the multivariate inverted normal loss function. The multivariate inverted normal loss function has the flexibility for the any type of the symmetrical and asymmetrical loss functions as well as the economic information. Especially, the proposed modeling method for the multivariate inverted normal loss function (MINLF) and the expected loss from MINLF in this paper can be applied to the any type of the symmetrical and asymmetrical loss functions. And this modeling method can be easily expanded from a bivariate case to a multivariate case.

• Structural Engineering and Mechanics
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• v.88 no.1
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• pp.13-23
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• 2023

Seismic risk assessment studies are one of the most crucial instruments for mitigating casualties and economic losses. This work utilizes fragility curves to evaluate the seismic risk of single-story precast buildings, which are generally favored in Marmara's organized industrial zones. First, the precast building stock in the region has been categorized into nine sub-classes. Then, seven locations in the Marmara region with a high concentration of industrial activities are considered. Probabilistic seismic hazard assessments were conducted for both the soil-dependent and soil-independent scenarios. Subsequently, damage analysis was performed based on the structural capacity and mean fragility curves. Considering four different consequence models, 630 sub-class-specific loss curves for buildings were obtained. In the current study, it has been determined that the consequence model has a significant impact on the loss curves, hence, average loss curves were computed for each case investigated. In light of the acquired results, it was found that the loss ratio values obtained at different locations within the same region show significant variation. In addition, it was observed that the structural damage states change from serviceable to repairable or repairable to unrepairable. Within the scope of the study, 126 average loss functions were presented that could be easily used by non-experts in earthquake engineering, regardless of structural analysis. These functions, which offer loss ratios for varying hazard levels, are valuable outputs that allow preliminary risk assessment in the region and yield sensible outcomes for insurance activities.

• Proceedings of the Korea Water Resources Association Conference
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• 2021.06a
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• pp.148-149
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• 2021

Food waste has increasingly become a global issue of concern among the researchers and policymakers due to its significant environmental and economic impacts, and other associated unsustainable use of resources, including water resources. While food wastage occurs at each stage of the supply chain with food loss at the upstream and food waste at the downstream, the impacts of food waste occurring at the consumption side are enormous due to the accumulated added values. In this study, the embedded water resources, greenhouse gas emissions, and economic loss of household food waste were investigated. The primary granular data of household food waste was collected through direct sampling from 218 selected households of the Buk-gu community in Daegu, South Korea from July 2019 to May 2020. The water footprint, which was based on the water footprint concept, i.e., indirect water use, and GHG emission potential factor for each of the food items were adopted from the literature, while the retail prices and disposal cost were used to assess the economic cost of wasted food items. The water footprint, GHG emission associated with environmental impacts, and the economic cost of 42 major identified wasted food items were conducted. The findings showed that an average of 0.73 ± 0.06 kg/household/day edible food waste was generated among the sampled households, with leafy vegetable, watermelon, and rice responsible for 10, 9, and 4%, respectively, of the total weight of the 42 food wasted items. The water footprint and environmental impact of the household food waste resulted in 0.46 ± 0.04 m³ and 0.71±0.05 kg CO2eq, respectively. Beef, pork, poultry, and rice accounted for 52, 9, 5, and 4% of the total water footprint, while beef, pork, rice, tofu/cheese had 52, 8, 6, and 6% of the total emissions, respectively, embedded in the food wasted. Furthermore, the average estimated economic cost associated with wasted food items was 3855.93±527.27 Korean won, with beef, fish, and leafy vegetable responsible for 21, 13, and 10%, respectively, of the total economic cost. A combined assessment using water-environmental-economic nexus indicated that animal-based food had the highest footprint impacts, with beef, pork, and poultry indicating high indices of 0.3, 0.08, and 0.06 respectively, on a scale of 0 to 1, compared to corn and lettuce with lowest impacts of 0.02. Other food items had moderate impact values ranging from 0.03 to 0.05. This study, therefore, provides insight into the enormity of environmental and economic implications of household food waste among Korean households.

• The Korean Journal of Applied Statistics
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• v.26 no.3
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• pp.471-481
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• 2013

The current VaR Model based on J. P. Morgan's RiskMetrics has problem that actual loss exceeds VaR under unstable economic conditions because the current VaR Model can't re ect future economic conditions. In general, any corporation's stock price is determined by the rm's idiosyncratic factor as well as the common systematic factor that in uences all stocks in the portfolio. In this study, we propose an One-factor VaR Model for stock portfolio which is decomposed into the common systematic factor and the rm's idiosyncratic factor. We expect that the actual loss will not exceed VaR when the One-factor Model is implemented because the common systematic factor considering the future economic conditions is estimated. Also, we can allocate the stock portfolio to minimize the loss.

• KDI Journal of Economic Policy
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• v.40 no.2
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• pp.53-73
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• 2018

Using an overlapping generations model, this paper examines tax policy effects across generations. The model incorporates housing assets separately from capital assets and includes taxes on labor income, capital income, consumption and housing assets. Tax reforms for each tax rate have different effects on tax burdens across generations and the overall efficiency of the economy, leading to different welfare costs for generations. Specifically, raising housing property taxes results in the smallest welfare loss by future generations, as in the model it does not hurt economic efficiency and the tax burden increases mainly for the elderly, who have accumulated housing assets in preparation for retirement.

• Proceedings of the KSEEG Conference
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• 2003.04a
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• pp.39-42
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• 2003

중금속으로 오염된 폐광산 주변부나 유류누출로 인한 토양오염 등과 같은 오염부지에 대한 환경조사는 그 결과를 토대로 환경계획이나 정책이 수립되므로 의사결정의 기초가 된다. 이때, 의사결정의 타당성은 오염부지 조사결과 오염도가 얼마나 정확하게 측정되었느냐에 따라 달리 평가되어 진다. 그러므로 이와 같은 환경조사는 측정결과의 불확실성이 감소되도록 정밀한 시료채취방법이나 분석방법을 고안하여 적용해야 한다. (중략)