• The Journal of Asian Finance, Economics and Business
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• 제5권4호
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• pp.9-20
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• 2018

Global rating agencies, such as Moody's and S&P, have assigned credit ratings to corporate bonds issued by Japanese firms since 1980s. Local Japanese rating agencies, such as R&I and JCR, have more market share than the global raters. We examine the yield spreads of 1,050 yen-denominated corporate bonds issued by financial firms in Japan from 1998 to 2014 and find no evidence that bonds rated by at least one global agency are associated with a significant reduction in the cost of debt as compared to those rated by only local rating agencies. Unlike non-financial firms, the reputation effect of global rating agencies does not exist for Japanese financial firms. We also observe that firms with less information asymmetry are more likely to acquire ratings from Moody's or S&P. Additionally, the firm's financial profile does not affect its choice to seek out ratings from global raters. Our findings are contradictory to those by Han, Pagano, and Shin (2012), who employ bonds issued by non-financial firms in Japan. Our conjecture is that the asymmetric nature of financial firms makes investors less likely to depend on a credit risk assessment by rating agencies in determining the yields of new bonds.

• 대한안전경영과학회지
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• 제11권1호
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• pp.175-182
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• 2009

The effort for GSI based IT system consolidation has been continued due to the increase of the system and complication increase of system connection, mainly by the global company. Since successful example of GSI realization by part of developed company affect to Korea, global level IT system consolidation has been examined mainly by the domestic company that have great deal of overseas business. Although they have examined consolidation possibility mainly on R&D, finance, operation management part which is the base part of company management, there are limitation for consolidation realization because of the difference between regional business problem of huge cost needed for consolidation. To overcome these realization limitations, it is necessary to lead risk and cost reduction through stepwise part unity and decide Priority Evaluation Framework for Consolidation target and systematic consolidation strategy. For GSI realization, appropriate distributions of unification time according to target system are needed. In this study, based on easiness and usefulness of consolidation and connection between the targets, evaluation methodology for Priority Evaluation Framework of system consolidation has been developed. Priority Evaluation Framework has been decided by applying developed methodology to global production company of high tech industrial part. Through this methodology, companies can realize successful and stable GSI by investing global resources intensively by Priority Evaluation Framework of consolidation target system.

• Journal of the Korean Society for Industrial and Applied Mathematics
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• 제26권4호
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• pp.280-295
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• 2022

This paper contains an introduction to industrial problems, solutions, and results conducted with the Korea Association of Machinery Industry. The client company commissioned the problem of upgrading the method of identifying global supply risky items. Accordingly, the factors affecting the supply and demand of imported items in the global supply chain were identified and the method of selecting risky items was studied and delivered. Through research and discussions with the client companies, it is confirmed that the most suitable factors for identifying global supply risky items are 'import size', 'import dependence', and 'trend abnormality'. The meaning of each indicator is introduced, and risky items are selected using export/import data until October 2022. Through this paper, it is expected that countries and companies will be able to identify global supply risky items in advance and prepare for risks in the new normal situation: the economic situation caused by infectious diseases such as the COVID-19 pandemic; and the export/import regulation due to geopolitical problems. The client company will include in his report, the method presented in this paper and the risky items selected by the method.

• Child Health Nursing Research
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• 제29권2호
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• pp.101-110
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• 2023

Purpose: Developmental disabilities (DDs) are a global childhood problem whose prevalence is rising, with a disproportionate impact on individuals in low-and middle-income countries. However, data on the prevalence of DDs in the Arab world are limited. This review highlights what is currently known about the prevalence and risk factors of DDs in preschool children in the Arab world. Methods: PubMed, Cochrane Library, Scopus, CINAHL, Science Direct, and Google Scholar were searched for publications on DDs among preschool children in the Arab world. Only 14 studies were identified in the literature, from 12 Arab countries. Results: The overall estimated prevalence of DDs among preschool children in the Arab world is 27.5%. An analysis of risk factors for DDs showed that child-related, maternal, and family-related factors account for a significant cumulative risk of developing DDs in preschool children. Maternal factors, such as antenatal and perinatal complications, were the most common risk factors. Conclusion: The prevalence of DDs among preschoolers is significantly high in the Arab world, which emphasizes the importance of the early detection and diagnosis of DD, as well as its associated risk factors.

• 한국항해항만학회지
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• 제36권4호
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• pp.321-327
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• 2012

Logistics in a supply chain network has become an important operational strategy in a competitive market. A number of internal and external risks involved in the logistics operations in a company tend to create problems in fulfilling customer orders. This research presents how ERM (enterprise risk management) can be used to identify, assess, and control logistics risks. An electronic company's logistics activities were used as an industry case to demonstrate a way to identify and assess risks surrounding global logistics function. This paper has further presented action plans to mitigate the impact of the risks that occur.

• 대한안전경영과학회지
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• 제5권2호
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• pp.11-26
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• 2003

While a number of Korean companies have undergone ceaseless restructuring to survive today's rapidly changing global economy, the brick and mortar industry has been exerting their efforts to enhance the productivity through the development of new products, quality improvement, cost reduction measures. At present, various risk-evaluation measures have been taken in the fields at the discretion of an enterpriser, though, the effective methods enabling quantitative analysis are insufficient. Accordingly, this study is intended to contribute to the synthetic safety manage -ment in the factory fields and to suggest the quantitative -risk-analysis system by introducing such safety-estimation steps as assortment of processes, pre-assessment of risk factors, decision of risks, counter measures against studied risks, establishment of remedies.

• Industrial Engineering and Management Systems
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• 제14권4호
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• pp.379-391
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• 2015

Several risk assessment techniques have been presented and investigated in previous research, focusing mainly on the failure mode and effect analysis (FMEA). FMEA can be employed to determine where failures can occur within industrial systems and to assess the impact of such failures. This research proposes a novel methodology for hazard analysis and risk assessments that integrates FMEA with the bow-tie model. The proposed method has been applied and evaluated in a real industrial process, illustrating the effectiveness of the proposed method. Specifically, the bowtie diagram of the critical equipment in the adopted plant in the case study was built. Safety critical barriers are identified and each of these is assigned to industrial process with an individual responsible. The detection rating to the failure mode and the values of risk priority number (RPN) are calculated. The analysis shows the high values of RPN are 500 and 490 in this process. A global corrective actions are suggested to improve the RPN measure. Further managerial insights have been provided.

• 대한건축학회논문집:구조계
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• 제35권6호
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• pp.93-100
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• 2019

Modern society is transforming into an extreme climate environment. This is fatal to humans and ecosystems and is expected to cause large-scale damage. As this spokesman, natural disasters are increasing as this global average temperature rises. Social and economic damage by this tendency is also increasing. In addition, the frequency and scale of social disasters are increasing. Damage to the living area due to the damage of the infrastructure due to the increased reliance on infrastructure has been increasingly enlarged. In this research, various disasters such as natural disasters and social disasters analyze the impact on urban safety. A local autonomous entity K Priority Management Establish a kind of disaster, prepare crisis management manual, and use it as a basic material of education / training.

• 시스템엔지니어링학술지
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• 제18권2호
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• pp.149-159
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• 2022

This study investigated the relationship between economic growth and energy security risk levels in Korea using linear and non-linear ARDL methods. While there are many studies on the relationship between energy consumption and economic growth, few studies focus on the relationship between energy security and economic growth considering 4A dimensions of energy security such as energy availability, accessibility, acceptability, and affordability. Energy risk index from Global Energy Institue and GDP data from world bank are used for ARDL and NARDL analysis. Our result of ARDL shows that there is no long-term relationship between energy security risk levels and economic growth. On the other hand, NARDL result shows that there is an asymmetric relationship between economic growth and energy security risk levels in the long run. The results show the importance of expending further research on ensuring energy security to policymakers.

• 한국환경보건학회지
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• 제35권4호
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• pp.269-277
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• 2009

Objective : The objective of this study was to examine how experts and the public perceived various environmental and technological hazards based on psychometric paradigm. Methods : We conducted a survey that included 30 hazards and 10 risk attributes. Subjects of this study were 214 people with three groups; (1) experts (55 people), (2) graduates( 78 people), (3) under graduates (81 people). Factor analysis was used to confirm the common risk attribute from 8 risk attributes. Also, multiple regression analysis was used to identify factors influencing on perceived risk and benefit of hazards. Results : This study revealed that experts tend to be more tolerant than graduates and under graduate students for the 30 hazards. Using factor analysis, two main factors were identified: factor 1, commonly called "Dread Risk", and factors 2, commonly called, "Unknown Risk" in the literature. We identified that environmental hormone concentration and global warming ranked high in both dread risk and unknown risk. Multiple regression models were used to test the association of perceived social risk and perceived social benefit with two main factors. Dread risk had significant explanatory power on perceived social risk and benefit. We identified that the experts were less likely to perceived dread risk and know more information about the hazards. Conclusions : There were differences of risk perception between experts and lay people. Especially, experts' perception of risk was commonly lower than other people's perception.