• Title/Summary/Keyword: Risk society

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Debris Flow Risk Evaluation and Ranking Method for Drainage Basin adjacent to Road (도로인근 유역의 토석류 위험평가 및 등급화 방안)

  • Kim, Kyung-Suk;Jang, Hyun-Ick
    • Proceedings of the Korean Geotechical Society Conference
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    • 2010.03a
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    • pp.279-290
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    • 2010
  • Technical countermeasures against debris flow should be established upon the risk level of the target location. Risk of debris flow should consider the hazard imposed by debris flow and vulnerability of the facilities to debris flow. In this research, we have defined the target location for risk evaluation and suggested scoring method of hazard of debris flow and vulnerability of road to debris flow. By defining risk rank into 6 categories in terms of possibility of damage during rainfall and using the risk scores of 46 debris flow cases, we have suggested risk ranking matrix. The method can be used in ranking the drainage basin adjacent to road by simply determining the hazard with vulnerability score and can be used for planning the debris flow countermeasures.

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Weighting Factor of Consciousness between Main and Sub Contractor for Establishing an Effective Risk Management in Construction Industry (건설현장 공사주체간 위험성관리의식의 중요도 설정에 관한 연구)

  • Son, Ki-Sang;Eun, Nam-Kwon
    • Journal of the Korean Society of Safety
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    • v.28 no.4
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    • pp.72-80
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    • 2013
  • Accident prevention plan it a construction site should be analyzed and made with risk evaluation and management, from recent year, in Korea. Accidents occurred in construction site are related to all parties such as owner, main and subcontractor, labour. But analyzing some relationship between main and subcontractor is very important to estimate what risk between then are existed in a site. There are some different aspects concerning with risk management between them. Everywork has its own risk in there, This is the reason why everywork which are made by subcontractor himself should be evaluated for risk level. And main contractor should provide for subcontractor to prevent each risk at the work, all the time.

Schematic Development of Risk Analysis for Dam Safety (저수지 안전관리를 위한 위험도 해석의 필요성과 도입방안)

  • Heo, Gun
    • Journal of The Korean Society of Agricultural Engineers
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    • v.58 no.2
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    • pp.11-20
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    • 2016
  • Korea has 17,500 irrigation dams and facing variety of causes that jeopardize dam safety. With limited resources available to manage large inventory, a portfolio risk analysis application method for numerous irrigation dam safety is essential. The purpose of this study is to find an optimum way to adopt the risk analysis to the large number of irrigation dams in Korea and to propose the portfolio risk analysis process for irrigation dams. In this study, the necessity of the risk analysis for reservoirs safety has been suggested and a phased process using pre-screening and screening methodology has been proposed. This proposed procedure will help to effectively introduce the risk analysis for reservoirs safety in Korea.

An efficient algorithm to measure the insurance risk of casuality insurance company using VaR methodology

  • Ban, Joon-Hwa;Hwang, Hyun-Cheol;Ki, Ho-Sam
    • Journal of the Korean Society for Industrial and Applied Mathematics
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    • v.16 no.2
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    • pp.137-149
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    • 2012
  • We propose an efficient method to measure the insurance risk of causality insurance companies by using the CreditRisk+ methodology. This method is superior to previous methods in several aspects. Its computation speed is very fast and the input data form is simple. It is able to aggregate both credit risk and insurance risk, so the insurance company can manage the risk in combined manner. In this paper, we propose a mathematical method to obtain the aggregate loss distribution of portfolios having correlation among products or business lines as a general case, and then suggest its implementation algorithm. Finally we apply this method to the real data from Korea Insurance Development Institute (KIDI) and discuss its availability to real applications.

Risk Assessment of Dropped Object in Offshore Engineering through Quantified Risk Analysis (정량적 위험해석을 이용한 크레인 낙하물의 위험성 평가에 관한 연구)

  • Jang, Chul-Ho;Lee, Joo-Sung
    • Journal of the Society of Naval Architects of Korea
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    • v.54 no.2
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    • pp.143-150
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    • 2017
  • Previous methods to evaluate the risk of dropped objects rely on personnel experience of the engineer or operator without analyzed data. However analyzing historical statistic data is the best approach to find the safest operation route and to achieve more reasonable and reliable calculation results. By counting the failure frequency and fatal accident rate the risk can be quantified, and so controlled or mitigated with best economical risk reducing measures. This analysis gives a crane operator with useful information for selecting the best crane operation route, and a designer with an estimation of risk level for the dropped objects from a safety point of view.

User Requirement Analysis on Risk Management of Architectural Heritage in Virtual Reality

  • Lee, Jongwook
    • Journal of the Korea Society of Computer and Information
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    • v.24 no.9
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    • pp.69-75
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    • 2019
  • We propose a method to analyze user requirements to design a virtual reality-based risk management system. This paper presents surveys, interviews, prototype evaluation methods, and implementation process. Architectural heritage is easily exposed to natural and artificial dangers caused by various material combinations and structural features. So, risk management of cultural heritage plays a key role in preserving and managing cultural heritage. However, risk management has been carried out through empirical methods using distributed data. This study analyzes user requirements for designing functions and interfaces of VR-based risk management system and evaluates prototypes to overcome the above problems. As a result, most heritage managers wanted a system function to support risk analysis and response. They also found that they prefer 2D information such as existing drawings and photos rather than 3D information. The results of the user requirements analysis derived from this study will be used to create risk management applications.

A Study on Operating Profile Creation Method for Risk-Based Oversight (위험기반 항공안전감독을 위한 운영 프로파일 생성기법 연구)

  • Kim, Yong;Jeong, Hyunjin;Sim, Yeongmin
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.26 no.4
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    • pp.149-154
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    • 2018
  • Risk Based Oversight is a way of performing oversight, where planning is driven by the combination of risk profile and safety performance. Risk Based Oversight enables prioritization and allocation of State's safety management resources commensurate with the safety risk profile of each service provider. This paper presents the concept of Risk Based Oversight and applies it to the current Korean aviation safety oversight process. In particular, this study presents a method for generating operating profiles, one of the key concepts of Risk Based Oversight. Operations Specifications of Part 121 Airlines can generate operating profiles. In this study, a practical study was conducted to generate the operating profile and scoped DCTs using Part 121 Airlines's Operations Specifications.

Present and Future of Risk Management of Construction Practice in Asia

  • Watanabe, Tsunemi
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.4-5
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    • 2015
  • Owning to rapid infrastructure development, Asia is experiencing dramatic economic growth. There are not a few cases in which, however, economic growth is achieved by increasing the external diseconomy. Pursuit of sustainable development is one of the most important issues for mankind. Under the post-industrial capitalism society, however, there seems a big risk of increase in the external diseconomy worldwide. The objectives of this manuscript are to discuss importance of risk management of construction practice in present and future. Regarding the latter, a particular attempt is made to discuss how project risk communication should be done to reduce the external diseconomy. Presently, one of the important issues in implementation of infrastructure projects is practice of risk management to properly manage time, cost, quality, and safety: mainly maximization of internal economy. Multi-party risk and uncertainty management process (MRUMP) is one of tolls to assist it. The idea on MRUMP can be used to reduce the external diseconomy through identifying, sharing, and tuning people's rhythms.

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A STUDY ON CADMIUM ACCUMULATION AND HISTOPATHOLOGICAL CHANGES IN THE GILLS OF CRUCIAN CARP (CARASSIUS AURATUS)

  • Heekyung Bae;Kim, Eunkyung;Nam, Seong-Sook;Park, Eung-Roh;Jisung Ryu;Lee, Chulwoo;Park, Kwangsik
    • Proceedings of the Korean Society of Toxicology Conference
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    • 2002.05a
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    • pp.126-126
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    • 2002
  • Histopathological changes and cadmium accumulations in the gills were investigated in crucian carp(Carassius auratus) exposed to 0, 0.01, 0.1, 0.5mg/$\ell$ cadmium(Cd) concentrations for 25 days. After 25 days of exposure, cadmium accumulations increased in each of the different exposure concentrations.(omitted)

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Conditional Value-at-Risk Optimization for Conversion of Convertible Bonds (전환사채 주식전환을 위한 조건부 VaR 최적화)

  • Park, Koo-Hyun;Shim, Eun-Tak
    • Korean Management Science Review
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    • v.28 no.2
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    • pp.1-16
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    • 2011
  • In this study we suggested two optimization models to answer a question from an investor standpoint : how many convertible bonds should one convert, and how many keep? One model minimizes certain risk to the minimum required expected return, the other maximizes the expected return subject to the maximum acceptable risk. In comparison with Markowitz portfolio models, which use the variance of return, our models used Conditional Value-at-Risk(CVaR) for risk measurement. As a coherent measurement, CVaR overcomes the shortcomings of Value-at-Risk(VaR). But there are still difficulties in solving CVaR including optimization models. For this reason, we adopted Rockafellar and Uryasev's[18, 19] approach. Then we could approximate the models as linear programming problems with scenarios. We also suggested to extend the models with credit risk, and applied examples of our models to Hynix 207CB, a convertible bond issued by the global semiconductor company Hynix.