• Title/Summary/Keyword: Risk Processes

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OPTIMAL INVESTMENT FOR THE INSURER IN THE LEVY MARKET UNDER THE MEAN-VARIANCE CRITERION

  • Liu, Junfeng
    • Journal of applied mathematics & informatics
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    • v.28 no.3_4
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    • pp.863-875
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    • 2010
  • In this paper we apply the martingale approach, which has been widely used in mathematical finance, to investigate the optimal investment problem for an insurer under the criterion of mean-variance. When the risk and security assets are described by the L$\acute{e}$vy processes, the closed form solutions to the maximization problem are obtained. The mean-variance efficient strategies and frontier are also given.

Membrane Introduction Mass Spectrometry (MIMS) for Online, Real Time Analysis of Organic Substances

  • 박현채
    • Proceedings of the Membrane Society of Korea Conference
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    • 1994.04a
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    • pp.29-32
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    • 1994
  • The increasing environmental risks exert strong demands for the knowledge of environmentally significant compounds and the reduction of such compounds on the earth. The risk reduction can, in principle, be most effectively achieved by minimizing the formation of environmental pollutants, by-products in many cases, during processes in factories, power plants and other sources. This can be done by on-line, real time monitoring the formation of pollutants at the moment when they are formed, and thereby through the feed-back control of the process.

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Scenario Analysis Technology for Flood Risk Management in the Taihu Basin

  • Changwei, Hu
    • Proceedings of the Korea Water Resources Association Conference
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    • 2010.05a
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    • pp.140-148
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    • 2010
  • The Taihu Basin is located in the east coast of China, where the threats of frequent floods have induced construction of massive, complex, hierarchical flood defense systems over the interconnected river networks. Digital modeling of flooding processes and quantitative damage assessment still remain challenging due to such complexity. The current research uses an integrated approach to meet this challenge by combining multiple types of models within a GIS platform. A new algorithm is introduced to simulate the impacts of the flood defense systems, especially the large number of polders, on floods distributions and damages.

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Decision-making system for the resource forecasting and risk management using regression algorithms (회귀알고리즘을 이용한 자원예측 및 위험관리를 위한 의사결정 시스템)

  • Han, Hyung-Chul;Jung, Jae-Hun;Kim, Sin-Ryeong;Kim, Young-Gon
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.15 no.6
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    • pp.311-319
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    • 2015
  • In this paper, in order to increase the production efficiency of the industrial plant, and predicts the resources of the manufacturing process, we have proposed a decision-making system for resource implementing the risk management effectively forecasting and risk management. A variety of information that occurs at each step efficiently difficult the creation of detailed process steps in the scenario you want to manage, is a frequent condition change of manufacturing facilities for the production of various products even within the same process. The data that is not contiguous products production cycle also not constant occurs, there is a problem that needs to check the variation in the small amount of data. In order to solve these problems, data centralized manufacturing processes, process resource prediction, risk prediction, through a process current status monitoring, must allow action immediately when a problem occurs. In this paper, the range of change in the design drawing, resource prediction, a process completion date using a regression algorithm to derive the formula, classification tree technique was proposed decision system in three stages through the boundary value analysis.

Psychosocial Assessment and Related Factors for Kidney Transplantation Candidates in South Korea: A Descriptive Correlational Study (한국 신장이식 대기자의 심리사회적 평가 및 영향 요인)

  • Chong, Hye Jin
    • Journal of Korean Biological Nursing Science
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    • v.21 no.4
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    • pp.249-258
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    • 2019
  • Purpose: The purpose of this study was to assess the psychosocial status of candidates for deceased donor kidney transplantation (DDKT) in South Korea and identify factors associated with high-risk psychosocial status. Methods: The descriptive cross-sectional design included application of a standardized transplantation-specific assessment tool, the Psychosocial Assessment Candidacy Transplantation (PACT) instrument, and review of candidates' medical records. A total of 157 patients awaiting DDKT were recruited from a Korean organ transplantation center. The collected data were analyzed using descriptive statistics and binary logistic regression. Candidates were divided into high- and low-psychosocial risk groups using 3 as the cutoff point of PACT. Results: The mean score for the PACT final rating was 2.10, and the lowest average subscale score was 2.30 for understanding the processes of transplantation and follow up. Poor physical candidacy, especially due to comorbidities, and older age were associated with high psychosocial risk. Conclusion: The results of this study showed that the psychosocial status of Korean DDKT candidates was problematic. Development of systematic management programs for effective clinical strategies in the care of candidates is crucial to maintain their desirable psychosocial status in case of an emergency DDKT operation and improve post-transplantation outcomes. Continuous education is absolutely necessary to enhance understanding of the transplantation process for high-risk psychosocial candidates. Additionally, nurses and transplantation professionals should screen candidates with high-risk psychosocial status early in the process using transplantation-specific assessment tools and provide intensive interventions, particularly for poor physical candidacy patients and older candidates.

A Study on the Application of Design VE Process in Pre-Construction Phase for GMP Determination of CM at Risk Project (시공책임형 CM 사업의 GMP 결정를 위한 시공이전단계 설계VE 프로세스 적용방안 도출)

  • Park, Bo-sung;Kim, Ok-kyue
    • Korean Journal of Construction Engineering and Management
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    • v.23 no.5
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    • pp.56-64
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    • 2022
  • Although pilot projects have been actively carried out from 2017 to present to institutionalize CM at Risk, one of the major tasks for innovation in the construction industry, standards and processes related to Design VE, a key tool for determining GMP in the pre-construction phase, have not yet been established. Therefore, through research and operation status related to CM at Risk and Design VE, and survey on project participants' perception, the problem of the existing design VE process was derived, and the design VE process suitable for the CM at Risk project was proposed. The application plan was proposed in three aspects: Schedule, Cycle, and Process, and the appropriateness and applicability were verified through FGI. The results of this study are expected to be used as basic data on the establishment and legislation of order standards to be made in the future.

High-impact chronic pain: evaluation of risk factors and predictors

  • Ilteris Ahmet Senturk;Erman Senturk;Isil Ustun;Akin Gokcedag;Nilgun Pulur Yildirim;Nilufer Kale Icen
    • The Korean Journal of Pain
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    • v.36 no.1
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    • pp.84-97
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    • 2023
  • Background: The concept of high-impact chronic pain (HICP) has been proposed for patients with chronic pain who have significant limitations in work, social life, and personal care. Recognition of HICP and being able to distinguish patients with HICP from other chronic pain patients who do not have life interference allows the necessary measures to be taken in order to restore the physical and emotional functioning of the affected persons. The aim was to reveal the risk factors and predictors associated with HICP. Methods: Patients with chronic pain without life interference (grade 1 and 2) and patients with HICP were compared. Significant data were evaluated with regression analysis to reveal the associated risk factors. Receiving operating characteristic (ROC) analysis was used to evaluate predictors and present cutoff scores. Results: One thousand and six patients completed the study. From pain related cognitive processes, fear of pain (odds ratio [OR], 0.92; 95% confidence interval [CI], 0.87-0.98; P = 0.007) and helplessness (OR, 1.06; 95% CI, 1.01-1.12; P = 0.018) were found to be risk factors associated with HICP. Predictors of HICP were evaluated by ROC analysis. The highest discrimination value was found for pain intensity (cut-off score > 6.5; 83.8% sensitive; 68.7% specific; area under the curve = 0.823; P < 0.001). Conclusions: This is the first study in our geography to evaluate HICP with measurement tools that evaluate all dimensions of pain. Moreover, it is the first study in the literature to evaluate predictors and cut-off scores using ROC analysis for HICP.

Evaluation of Supply Chain Performance Affected by Waste Level and External Risk (낭비수준과 외부위험에 영향을 받는 공급망 성과 평가)

  • Choi, Jong-Mun;Kim, Chae-Bogk
    • Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
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    • v.6 no.6
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    • pp.395-402
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    • 2016
  • Recently, firms confront to rapid environmental changes due to scientific development and demand change. Firms are trying to improve supply chain capability to react these environmental changes. Being in these improvement processes, it is important to collaborate with other partners in the supply chain. Firms have tried to outsource their in-house activity to other partners and have eliminated wasteful factors in their process and the supply chain is getting leaner. This study investigates the effect of waste factor degree on supply chain performance under external risks. Test results in this paper show that waste level has negative relationship with supply chain performance. The effect of waste level on the supply chain performance is influenced by external risk. As waste level increases, risk has moderating effect between waste level and supply chain performance. That means it is important to focus on utilization, productivity or integration properly for managing the external risk in order to improve the supply chain performance.

Flight Test Safety Risk Assessment and Mitigation (비행시험 안전 리스크 평가 및 완화 연구)

  • Kim, Mu-Geun;Yoo, Beong-Seon;Han, Jeongho;Kang, Ja-Young
    • Journal of Advanced Navigation Technology
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    • v.22 no.6
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    • pp.537-544
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    • 2018
  • A national comprehensive aviation test center is being constructed for the purpose of flight tests for development and modification of aircraft or flight inspections for the development of navaids. Flight testing is a high-risk task, so strict risk management processes are required prior to operation. In addition, since the flight test center is subject to the airdrome regulations under the current law, the introduction of the safety management system will enhance safety as usual in ordinary airports. The establishment of a safety management system based on ICAO criteria is an optimal means of ensuring safe and effective operation of the test center and may mitigate the risks that may arise during flight testing. This paper focuses on risk assessment and mitigation required for safety management at the flight test center. We conducted risk assessments on the flight hazards identified in the previous study. Then the high risk group of hazards were selected and risk mitigation techniques such as avoidance, reduction, acceptance, and control were applied.