• Title/Summary/Keyword: Financial Safety

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Key motivating factors affecting skilled workers' productivity in Construction projects

  • Enshassi, Adnan;Mahdi, Mahdi
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.142-146
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    • 2015
  • Human resources development is considered a critical issue for improving productivity of workers in construction industry. The aim of this study is to identify and rank the key motivating factors that impact skilled workers productivity according to their relative importance. A total of 27 factors were identified through a literature review, which were categorized into 2 group financial and un-financial motivators. A questionnaire instrument was adopted in this study. The study revealed that the most significant group which affected skilled workers' productivity in construction projects was financial group with the recognition of the un-financial group importance. The results emphasized that the financial group has an edge over the un-financial group which reflect the priority of need for the respondents. The results indicated that the un-financial group represents a backbone in its importance after the financial group which reflects that un-financial factors can improve productivity. The findings showed that the provision of companies to safety conditions factor such as protective safety clothing and protective equipment was ranked very low by the respondents. This is due to the dominant culture of the workers as well as the lack of their awareness regarding their own safety and lack of companies' interest in safety and health for workers. Construction companies are advised to take the key motivating factors obtained from the results of this study into serious consideration in order to improve the satisfaction of their workers and improve their productivity.

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A Study on the Factors Affecting Consumer Preference of Financial Products (금융상품의 소비자 선호에 미치는 요인에 관한 연구)

  • Chung, Soon-Suk
    • Proceedings of the Safety Management and Science Conference
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    • 2009.11a
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    • pp.327-337
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    • 2009
  • This paper intends to search factor affecting the selection of financial products by analyzing whether there is difference in the preference of individual financial products whose recognition of importance in the property of financial products in different, depending on the property of investors. The Analytical Hierarchy Process (AHP) is used to test the priority model. The study attempts to demonstrate how the model helps providing better decision choices in financial products.

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A Study on the BPR of Financial Logistics - Focusing on the NongHyup Logistics - (금융 물류 BPR에 대한 연구 - 농협물류를 중심으로 -)

  • Yoon, Eui-Sik;Shin, Yoo-Kyun;Lee, Jong-Sung;Yoo, Chun-Hoi;Kang, Kyung-Sik
    • Journal of the Korea Safety Management & Science
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    • v.10 no.1
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    • pp.117-128
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    • 2008
  • The purpose of this paper is to cultivate field of new distribution and it will set three detail aims and such aims will be propelled. First, investigates a present condition of domestic financial distribution, second, presents standard model of financial distribution, and third, confirms suitability of standard model on financial distribution for instance analysis. incidental purpose is to offer improvement method about corresponding instance through deduction of problem and estimate of analysis instance. The purpose of this paper is also to induce more strategic financial industry through research of related system such as LIS, CVO and TMS or through research of prior innovation contents by application to NONGHYUP for realization of financial distribution model.

A Study on Relationship between Customer Satisfaction Measure and Financial Performance. (KS-SQI를 이용한 고객만족도와 기업재무성과간의 관계 연구)

  • Song, Sang-Min;Cho, Jai-Rip
    • Proceedings of the Safety Management and Science Conference
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    • 2009.04a
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    • pp.501-510
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    • 2009
  • Recently, there has been growing interest in the financial and economic effectiveness of service quality and customer satisfaction. It means that the final goal of customer satisfaction is the maximization with firms' financial performance, enterprise could survive through the creation of continuous financial performance. Companies are working in various ways to identify the direct relationship of service quality and customer satisfaction with financial and economic effectiveness in order to justify and validate customer satisfaction management. In this study, the influence of customer satisfaction on the financial performance is examined. Customer satisfaction index, the key non-financial performance measure has significant association with firms' financial performance index. Moreover, high customer satisfaction has a competitive advantage, so it can be the key success factor of firm's financial performance improvement.

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Parameter Analysis of the Damage Area and the Financial Loss by the Gas Release Accident at Pressure Vessels (압력용기에서 가스 누출사고에 의한 피해지역 및재정적 손실의 매개변수 분석)

  • Kim, Bong-Hoon;Lee, Hern-Chang;Choi, Jae-Uk
    • Journal of the Korean Institute of Gas
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    • v.15 no.5
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    • pp.42-49
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    • 2011
  • To achieve the safety management of an industry by using practical consequence analysis, parameters affecting damage area and financial loss by gas release accident were analyzed at pressure vessels containing flammable gas. As a result, the total financial loss cost was largely effected by the business interruption cost, and it was considered for equipment type and materials, process properties, and circumstances. Also, the consequences of the financial loss must be practically used more than the consequences of the damage area in industry.

Developing Medium-size Corporate Credit Rating Systems by the Integration of Financial Model and Non-financial Model (재무모형과 비재무모형을 통합한 중기업 신용평가시스템의 개발)

  • Park, Cheol-Soo
    • Journal of the Korea Safety Management & Science
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    • v.10 no.2
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    • pp.71-83
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    • 2008
  • Most researches on the corporate credit rating are generally classified into the area of bankruptcy prediction and bond rating. The studies on bankruptcy prediction have focused on improving the performance in binary classification problem, since the criterion variable is categorical, bankrupt or non-bankrupt. The other studies on bond rating have predicted the credit ratings, which was already evaluated by bond rating experts. The financial institute, however, should perform effective loan evaluation and risk management by employing the corporate credit rating model, which is able to determine the credit of corporations. Therefore, in this study we present a medium sized corporate credit rating system by using Artificial Neural Network(ANN) and Analytical Hierarchy Process(AHP). Also, we developed AHP model for credit rating using non-financial information. For the purpose of completed credit rating model, we integrated the ANN and AHP model using both financial information and non-financial information. Finally, the credit ratings of each firm are assigned by the proposed method.

Economic Evaluation of Investigation Method Using Cost-Benefit Analysis (비용편익분석을 이용한 사면조사기법의 경제성 평가)

  • Kim, Yong-Soo;Jung, Soo-Jung;Ahn, Sang-Ro
    • Proceedings of the Korean Geotechical Society Conference
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    • 2009.03a
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    • pp.1076-1085
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    • 2009
  • Recent heavy rains and typhoons broke down road slopes, which caused a hazard to safety. As a result, interests in the effective investment for disaster prevention is increasing. Measures of investigation method for slope have been taken, but the financial costs have never been analysed. This study applied the cost-benefit analysis theory used in public economics to the evaluation of the financial reasonability of management for slope. By applying cost-benefit analysis to road slope investigation method, the reduction of safety costs and resulting financial benefits can be seen and it also clarifies the reasonability and investment effects of slope management.

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The Relationship of VDT Work Condition and Fatigue Severity in the Financial Office Workers (일부 금융직 근로자의 VDT 작업 실태와 피로도와의 관련성)

  • Choi, Soon-Young;Lee, Byung-Su
    • Journal of the Korea Safety Management & Science
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    • v.10 no.2
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    • pp.15-24
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    • 2008
  • This study was to investigate the relationship of VDT(visual display terminal) work condition and fatigue severity in the financial office workers. Questionnaires were completed by 662 persons in VDT workers of Post Office from January to May 2006. Multidimensional Fatigue Scale(MFS) that was developed in Korea Occupational Safety &Health Agency to estimate the degree of fatigue was used for study. In results, 149 persons(22.5%) in VDT workers were felt low fatigue severity, 351 workers(53.0%) were middle, and 162 workers (24.5%) were high. So it was appeared that one in four VDT workers felt the high fatigue severity. And woman VDT workers felt more fatigue severity than man. Also, fatigue severity was increased with increasing work time. Our findings suggest that VDT workers in financial office need proper health program to prevent occupational fatigue and disease.

Financial Portfolio Analysis of Single Households: Monthly Saving and Financial Assets (1인가구의 금융포트폴리오 분석)

  • Samho Jeong;Se-Jeong Yang
    • Human Ecology Research
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    • v.62 no.3
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    • pp.409-426
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    • 2024
  • The purpose of this study was to analyze the financial portfolios of single-person households. For the analysis, data from the Korean Labor Panel Survey (2021) was utilized, comprising 2,905 single-person households. The major findings are as follows: First, the proportion of households with monthly savings was 32.0%, while the proportion of households holding financial assets was 72.1%. Second, regarding the composition of monthly savings, single-person households predominantly held savings accounts (93.3%), followed by insurance (4.7%), with cumulative funds at a mere 0.8%. The composition of financial assets showed that the majority were in bank deposits (78.5%), followed by risk management assets (18.0%), and investment assets (2.4%). Third, multivariate analysis results revealed that younger age, higher education level, and better financial factors were associated with a higher probability of having monthly savings. The results for financial assets were largely similar, with females showing a higher likelihood of asset possession compared to males. Fourth, the proportions of both bank savings in total savings and insurance generally had opposing effects. Fifth, age group had the greatest influence on the proportions of safety and insurance assets, followed by income group. Middle-aged households had lower proportions of safety assets but higher proportions of insurance assets compared to young households, while the opposite trend was observed for elderly households. Middle-income households had higher proportions of insurance assets compared to low-income households, whereas high-income households had higher proportions of investment assets. Lastly, cluster analysis categorized single-person households' financial portfolios into five groups: Group 1 (32.2%): "Old-Sustain" characterized by insufficient current income but economically stable retirement. Group 2 (29.4%): "Financially Active" engaging in various financial activities due to relatively high education and employment rates. Group 3 (28.0%): "Financially Inactive" classified as elderly groups with minimal financial activities. Group 4 (9.1%): "Risk Financial Structure" consisting of relatively young individuals focused on risk management assets but facing issues in financial asset management due to high-risk assets and financial loans. Group 5 (1.3%): "Stable-Insurance Oriented" with high financial assets and income concentrated in insurance for both savings and financial assets.

A Legal Study on Improvement Plans for Citizen Safety Insurance Operation and Management System (시민안전보험 운영관리체계의 개선방안 연구)

  • Lee, Jung-Im
    • Journal of the Korea Safety Management & Science
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    • v.24 no.2
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    • pp.77-85
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    • 2022
  • This study tried to suggest a systematic improvement plan to prepare a civil safety insurance operation and management system by reviewing the operation and management status of civil safety insurance, which is operated and managed by each local government autonomously. In this study, the problems of the current civil safety insurance were analyzed by dividing them into the lack of systematic management of insurance items, overlapping coverage between insurance items, and deviations in compensation limits. As a systematic improvement plan, it was suggested to secure the systemic management of guarantee items, standardize compensation standards, prepare an integrated operation and management system, and provide financial support for local governments with poor financial independence. Since the problems and improvement plans for the civil safety insurance analyzed as described above are formed by exchanging and receiving a complex mutual influence, the institutional improvement plan for the operation and management system of the civil safety insurance is not only a specific part of the study, but also comprehensively current citizens. Based on the results derived from the analysis of safety insurance, it is concluded that alternatives must be found.