• Title/Summary/Keyword: Risk cost

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A Study on the Analysis of the Risk Factors for Overseas Plant Construction Projects (해외 화공플랜트 건설사업 위험요인 영향도 분석)

  • Cho, Seung-Yeon;Kim, Young-Su
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2010.05b
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    • pp.103-108
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    • 2010
  • The purpose of this study is to analyze of the risk factors for oversea plants construction projects. For this study, risk factors data from related literature review, research organization and construction company was researched and classified under each EPC phases. In addition, a questionnaire survey by plant experts was conducted for analysis of risk weight and costs and time impact on each EPC phases. The results of this study are as follows: First, a detail design errors(engineering phase), a equipment procurement plan(procurement phase), and exchange rate fluctuations(construction phase) were analyzed the highest weight factors. Second, a financing plan(engineering phase), quantity take-off bill(procurement phase), and exchange rate fluctuations(construction phase) were analyzed the highest cost impact factors. Third, detail design errors(engineering phase), a equipment procurement plan(procurement phase), and schedule management errors(construction phase) were analyzed the highest time impact factors.

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Development of An Internet-Based Tunnel Construction Risk Management System (Internet 기반의 터널 시공 위험도 관리 시스템 개발)

  • 유충식;김재훈;박영진;유정훈
    • Proceedings of the Korean Geotechical Society Conference
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    • 2002.03a
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    • pp.679-686
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    • 2002
  • A substantial portion of the cost of a tunnelling project in urban environments is, therefore, devoted to prevent ground movement. Therefore, prediction of ground movements and assessment of risk of damage to adjacent buildings has become an essential part of the planning, design, and construction of a tunnelling project in the urban environments. An internet-based tunnelling-induced ground movements and building damage assessment system (IT-TURIMS) was developed and implemented to Daegu Metro Subway Line tunnel construction project in Korea. This paper describes the concept and implementation of IT-TURIMS. Practical significance of tunnelling risk assessment is also discussed.

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Damage Risk Based Approach for Retrofit Prioritization of Bridges (기존 교량구조물의 내진보강을 위한 우선순위 결정방법)

  • 이상우;김상효;마호성
    • Proceedings of the Earthquake Engineering Society of Korea Conference
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    • 2003.09a
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    • pp.295-302
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    • 2003
  • A quantitative approach for the retrofit prioritization of bridges is developed based on the damage risk of seismic vulnerable components. In the developed approach, seismic damage risk is estimated in the probabilistic perspectives with an analytical bridge model, which can consider various phenomena found in the seismic behaviors of girder-type bridges and damage models of various vulnerable components. Based on the total cost due to failure of structural components, weighting factors are proposed. Finally, the ranking index and retrofit priority of bridges are estimated from the overall damage risk and weighting factors of bridges. As a result, the retrofit priority of four PSC girder bridges is evaluated by using the proposed approach. The vulnerable components in need of seismic retrofit are selected accordingly. From simulated results, the validity of the proposed approach is verified by comparison with the existing approach. In addition, the proposed approach is found to be appropriate in evaluating the priority of existing bridges.

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Empirical Validation of Personal Information Violation Risk for Cryptocurrency with Use Intention

  • Kim, Jeong-Wook;Choi, Chul-Yong
    • Journal of the Korea Society of Computer and Information
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    • v.23 no.9
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    • pp.141-156
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    • 2018
  • The purpose of this study is how personal information violation risks affect the intention to use domestic cryptocurrency services. VAM(Value based Adoption Model) model is validated as a theoretical background, selecting perceived ease of use, perceived usefulness and perceived security as a benefit factors, and considers perceived cost, technical complexity, and risk of personal information violation risks as sacrifice factors. The method of this study used questionnaire survey to collect 150 data on user's perception on cryptocurrency services, and also performed a structural equation modeling method using by AMOS 23. The result of this paper shows that all hypotheses are accepted statistically significant except 2 hypothesis. This research is concluded that perceived value is affected on statistically positive impact on perceived ease of use, perceived usefulness and perceived security, and negative impact on risk of personal information violation risk, not statistically perceived fee and technical complexity.

A PROFIRABILITY MODEL BASED ON PRIMARY FACTOR ANALYSIS IN THE EARLY PHASE OF HOUSING REDEVELOPMENT PROJECTS

  • Kyeong-Hwan Ahn;U-Yeong Gim;Jong-Sik Lee;Won Kwon;Jae-Youl Chun
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.497-501
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    • 2013
  • An important decision-making element for the success of housing redevelopment projects is a prediction of the profitability of redevelopment. Risk factors influencing profitability were deduced through a review of the literature about profitability and a risk analysis developed by a survey of maintenance projects. In addition, a profitability prediction depending on the analysis of risk factors is necessary to judge the business feasibility of a project in the planning stages. A profitability prediction model of management and disposal method, which is calculated by proportional rate and which helps estimate contributions to profitability, is proposed to prevent difficulties in business development. The proposed model has the potential to prevent interruptions, reduce the length of projects, generate cost savings, and enable rational decision-making during the project period by allowing a judgment of profitability at the planning stage.

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Approaches and considerations in the endoscopic treatment of T1 colorectal cancer

  • Yunho Jung
    • The Korean journal of internal medicine
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    • v.39 no.4
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    • pp.563-576
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    • 2024
  • The detection of early colorectal cancer (CRC) is increasing through the implementation of screening programs. This increased detection enhances the likelihood of minimally invasive surgery and significantly lowers the risk of recurrence, thereby improving patient survival and reducing mortality rates. T1 CRC, the earliest stage, is treated endoscopically in cases with a low risk of lymph node metastasis (LNM). The advantages of endoscopic treatment compared with surgery include minimal invasiveness and limited tissue disruption, which reduce morbidity and mortality, preserve bowel function to avoid colectomy, accelerate recovery, and improve cost-effectiveness. However, T1 CRC has a risk of LNM. Thus, selection of the appropriate treatment between endoscopic treatment and surgery, while avoiding overtreatment, is challenging considering the potential for complete resection, LNM, and recurrence risk.

Integrated urban resilience framework: A comprehensive approach to pre- and post-disaster assessment for earthquake risk reduction

  • Ayse E. Ozsoy Ozbay;Isil Sanri Karapinar;Huseyin C. Unen
    • Structural Engineering and Mechanics
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    • v.92 no.2
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    • pp.197-206
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    • 2024
  • In this study, a unified framework that integrates pre- and post-earthquake assessments of buildings was proposed to enhance urban disaster preparedness through the coordination of pre- and post- earthquake efforts. Within this framework, a case study based on the 2023 Kahramanmaraş Earthquake was performed comparing the distribution of seismic risk prioritization for 117 reinforced concrete buildings with their actual damage states observed during post-earthquake field inspections. In order to conduct pre-earthquake evaluation process, street-level images were employed using two different rapid visual screening methods. With the use of generated geospatial database enabling the efficient and reliable transmission of the data between both stages of the assessment procedures, the alignment and validation of pre- and post-earthquake evaluations of the buildings were achieved enhancing the coordination of seismic risk management strategies. By implementing the proposed joint framework in this study, an extensive seismic vulnerability evaluation on an urban scale could be achieved by optimizing the computational demands, cost and time required for the strategic planning activities.

Screening Insurance Applicants for Diabetes: A Korean Perspective

  • Robert J, Pokorski
    • The Journal of the Korean life insurance medical association
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    • v.28 no.1_2
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    • pp.19-24
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    • 2009
  • This article discusses the use of fasting blood glucose (FBG) and hemoglobin A1c (A1c) to identify insurance applicants who have diabetes or are at high risk for developing diabetes in the future. The conclusion is that the addition of A1c to insurers'underwriting requirements, either as a reflex or a routine (universal) test, may be a cost-effective strategy to manage the risk associated with impaired fasting glucose (IFG) and diabetes.

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A Study on the Determination of the Economic Sample Size of the Attribute Acceptance Sampling Plans for Destructive Testing (파괴시험 계수형 샘플링검사 경제적 시료 크기 결정에 관한 연구)

  • 김병재
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.4 no.5
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    • pp.11-14
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    • 1981
  • This study intends to decide the economic sample size based on the cost of sampling Inspection for destructive testing. The marginal percent defective is used as the lot tolerance percent defective (LTPD), and the Newton's iterative method is adopted to calculate the optimum sample size(n), given by the consumer's risk($\beta$ - risk) and the acceptance number(c).

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Efficiency and Minimaxity of Bayes Sequential Procedures in Simple versus Simple Hypothesis Testing for General Nonregular Models

  • Hyun Sook Oh;Anirban DasGupta
    • Journal of the Korean Statistical Society
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    • v.25 no.1
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    • pp.95-110
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    • 1996
  • We consider the question of efficiency of the Bayes sequential procedure with respect to the optimal fixed sample size Bayes procedure in a simple vs. simple testing problem for data coming from a general nonregular density b(.theta.)h(x)l(x < .theta.). Efficiency is defined in two different ways in these caiculations. Also, the minimax sequential risk (and minimax sequential stratage) is studied as a function of the cost of sampling.

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