• Title/Summary/Keyword: Risks and Uncertainties

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The Study on the System to Estimate the Cost by Using Regression in the Early Stage of the Project (공사 초기단계에서의 회귀분석을 이용한 최종공사비(EAC) 추정 방법)

  • Lee, Youn-Mi;Lee, Man-Hee;Lee, Hak-Ki
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.274-277
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    • 2006
  • The EAC(Estimate at Completion) among existing methods, which estimate cost and time effectively, help managers anticipate changeable several results at the point of $15{\sim}30%$ in the project progress. However, this method may cause such some problems as not to consider the periodically changing circumstances caused by construction risks or uncertainties which can affect the cost and time in the project, and to regard collected and accumulated data only as a single value when predicting the results on the progress. Accordingly, it is very difficult to accept the even small range of variability based on the anticipation of EAC. Consequently, the study focuses on the possibility methodology to anticipate time and cost accurately on the way to utilize EVMS(Earned Value Management System), and also suggest the way to perform the right estimation of EAC as considering various risks and uncertainties in construction projects.

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Analysis of the Schedule Risk using PROMETHEE in Building Construction Management (건설관리에서의 PROMETHEE기반 공정 리스크 분석)

  • Lee, Jang-Young;Yoon, You-Sang;Jang, Myung-Houn;Suh, Sang-Wook
    • Korean Journal of Construction Engineering and Management
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    • v.11 no.2
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    • pp.25-34
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    • 2010
  • The building construction projects include a variety of risk factors due to uncertainties. To succeed in the projects, it is important how risks are managed. Risk management is composed of identification, analysis and response. Especially, the risk analysis is important to objectively calculate significance of risk factors. This paper evaluates a method to find priorities of risks using the AHP(Analytic Hierarchy Process). The method has some defects; (1) the consistency becomes weak as the number of pair-wise compared risks is large, and (2) the input and output procedures are complex when risks are added to or removed from a risk database. Thus the paper adopts the PROMETHEE(Preference Ranking Organization METHod Enrichment Evaluations) analysis process which is able to overcome the limitation of the AHP restricted to 9 risk factors. The PROMETHEE makes the procedure of risk analysis simple, when the risk factors pull out and put in the risk database. The purpose of this study is to provide process of risk analysis to use the PROMETHEE.

Bio-Economic Relationships between Climate Change and Fisheries (기후변화와 수산업의 관계에 관한 연구)

  • Park, Seong-Kwae;Kwon, Hyeok-Jun;Park, Jong-Wun;Cha, Cheol-Pyo
    • Journal of Fisheries and Marine Sciences Education
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    • v.22 no.3
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    • pp.388-401
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    • 2010
  • This research aims at analyzing impacts of climate change on fisheries. Climate change is an additional pressure on top of the many which fish stocks already experience. This implies that the impact of climate change must be evaluated in the context of other anthropogenic pressures, which often have a much greater and more immediate effect. Conversely, it is evident that fish stocks will be more resilient to climate impacts if the stresses due to other factors, such as over-fishing and pollution, are minimized. Improved management of fisheries and of marine ecosystems can undoubtedly play an important role in adapting to the impacts of climate change. Most of the improvements which are needed do not require new science or understanding, they require patient development of acceptable, effective, responsive social institutions and instruments for achieving adaptive management. Management advices must include complete and transparent information on risks and uncertainties which arise from data quality and from structural deficiencies in the assessment models. Well-designed and reliable monitoring of fish stocks and the marine ecosystem is essential in order to detect changes and give warning in advance of alterations in the productivity of individual species and of the structure and functioning of the ecosystem and fishery economy on which they depend.

Probabilistic estimation of seismic economic losses of portal-like precast industrial buildings

  • Demartino, Cristoforo;Vanzi, Ivo;Monti, Giorgio
    • Earthquakes and Structures
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    • v.13 no.3
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    • pp.323-335
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    • 2017
  • A simplified framework for the probabilistic estimation of economic losses induced by the structural vulnerability in single-story and single-bay precast industrial buildings is presented. The simplifications introduced in the framework are oriented to the definition of an expeditious procedure adoptable by government agencies and insurance companies for preliminary risk assessment. The economic losses are evaluated considering seismic hazard, structural response, damage resulting from the structural vulnerability and only structural-vulnerability-induced e]conomic losses, i.e., structural repair or reconstruction costs (stock and flow costs) and content losses induced by structural collapse. The uncertainties associated with each step are accounted for via Monte Carlo simulations. The estimation results in a probabilistic description of the seismic risk of portal-like industrial buildings, expressed in terms of economic losses for each occurrence (i.e., seismic event) that owners (i.e., insured) and stakeholders can use to make risk management decisions. The outcome may also be useful for the definition of the insurance premiums and the evaluation of the risks and costs for the owner corresponding to the insurance industrial costs. A prototype of a precast concrete industrial building located in Mirandola, Italy, hit by the 2012 Emilia earthquake, is used as an example of the application of the procedure.

Understanding Uncertainties in Projecting Water Demand and Effects of Climate Change for Adaptive Management of Water Supply Risk of the Water Resources System (수자원 시설 물공급 리스크의 적응형 관리를 위한 물수요 및 기후변화 영향의 불확실성 검토)

  • Lee, Sang-Eun;Park, Hee-Kyung
    • Journal of Korean Society of Water and Wastewater
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    • v.25 no.3
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    • pp.293-305
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    • 2011
  • A special concern is paid to the risks with which small-sized water resources systems are confronted in supplying water in the far future. Taking the Gwangdong dam reservoir as a case study, the authors seek to understand demand-side and supply-side disturbances of a reservoir, which, respectively, corresponds to effects of water demand changes on the intake amount and those of climate changes on the inflow amount. In result, it is demonstrated that both disturbances in the next 50 years are almost unpredictable. Yet the projection ranges, thought of as relatively reliable information that models offer, reveal that severity and period of water shortage is very likely to change. It is therefore concluded that water resources management requires more rigorous approaches to overcoming high uncertainties. The methods and models for projecting those disturbances are selected, based on practicality and applicability. Nevertheless, they show a large usefulness, especially in dealing with data shortage and reducing the needs for expensive modeling resources.

Quantitative Approaches in Use to Assess Cancer Risk

  • Anderson Elizabeth L.
    • 대한예방의학회:학술대회논문집
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    • 1994.02a
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    • pp.450-468
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    • 1994
  • Scientists have long used conventional toxicological methods to establish 'safe levels of exposure' for chemicals presumed to have threshold health effects or doses below which significant effects are unlikely to occur. These same methods cannot be used to establish safe levels of exposure for non-threshold pollutants. such as carcinogens. Therefore. Federal regulatory agencies in the United States are using risk assessment methods to provide information for public health policy decisions concerning increases in risk associated with increases in exposure to carcinogenic and other non-threshold pollutants. Acceptable exposure/risk levels are decided by policymakers who consider descriptions and estimates of risks together with social and economic benefits from the uses of the chemical. 1bis paper focuses on the development of quantitative risk assessment approaches by Federal regulatory agencies in the United States, and identifies the mathematical models currently being used for risk extrapolation. including their inherent uncertainties. The uncertainties and limitations of these methods have led some scientists to question the utility of quantitative risk extrapolation. The experience of the; U.S. Environmental Protection Agency (EPA). as summarized in this paper. can provide a realistic basis for evaluating the pros and cons. Finally. shortcomings in current risk assessment methods and their use in policy decisions are explored. and areas for possible improvement. given current scientific knowledge. are identified.

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Analysis of Service Factors in Relation to Disease and Treatment Stages of Cancer Patients (암환자의 질병단계와 진료단계의 상황변화에 따른 서비스요인에 관한 연구)

  • Youn, Inhee;Kim, Seungbaum
    • Korea Journal of Hospital Management
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    • v.17 no.4
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    • pp.133-166
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    • 2012
  • Hospitals tend to provide uniformed service to patients despite their various demands stemming from the severity of disease stages or the uncertainties in information of treatment stages. To identify service factors and provide effective contextually aware service models that patients demand depending on their evolving circumstances, the study conducted a survey on service quality based on importance and satisfaction of cancer patients. The study surveyed 286 patients and caregivers on importance and satisfaction through a questionnaire comprising of 17 questions at the outpatient clinic of cancer centers of university hospitals in 5 cities. Based on the risks of the disease and uncertainties in information of treatment stages, the cancer patients were grouped into diagnosis stage; low-risk treatment stage; high-risk treatment stage; stabilization stage. Depending on the patient's situation, the importance and satisfaction of service factors were ranked. These factors were categorized into 4 groups from a managerial perspective into 'keep it up area', 'focus here area', 'low priority area', 'overdone area'. This study provides an effective medical service model that can accommodate patients based on management areas of cancer patients.

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Selection of Priority Areas Based on Human and Economic Risk from Exposure to Fine Particles in Seoul (서울 대기 중 미세 먼지 노출로 인한 위해도에 근거한 우선 관리 지역 선정 -이론적 사망 위해도 및 손실비용을 근거로-)

  • Kim Ye-Shin;Lee Yong-Jin;Shin Dong-Chun
    • Environmental Analysis Health and Toxicology
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    • v.19 no.1
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    • pp.49-58
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    • 2004
  • It is important to select a risk based priority area for environmental policy formation and decision-making. We estimated the health risks and associated damage costs from exposure to fine particles and assigned priority areas for twenty -five districts in Seoul. In order to estimate the theoretical mortality incidence of the health risk, baseline risks were estimated from mortality rates in two low level areas of fine particles, Seocho Gu and Cheju city To estimate the damage cost from the risk estimates, we investigated and estimated the willingness to pay (WTP) for specific risk reduction. We assumed two different locations as the reference area, Cheju city as Scenario I and Seocho gu as Scenario II. From the results, the five districts, Kwangjin, Chungnang, Kangbuk, Nowon, and Kangnam, ranked high in the categories of both health risk and economic risk. Damage costs were over twenty billion won in each of these districts. As there are uncertainties in these results, the parameter values such as PM$_{2.5}$ level, dose -response slope factor, baseline risk, exposure population and WTP should be continuously validated and refined.d.

Distribution of Tourist Behavior in COVID-19 Pandemic

  • CAO, Tri Minh;NGUYEN, Phi-Hung
    • Journal of Distribution Science
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    • v.19 no.10
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    • pp.17-22
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    • 2021
  • Purpose: Covid-19 has caused an unprecedented situation for the tourism industry with slumping demand during the outbreak and many uncertainties about tourist behavior in the post-pandemic. This study is aimed to discover the distribution in the behavior of tourists in Vietnam, whose government has taken serious and early actions towards the health crisis and among the earliest to reopen the economy. Research design, data, and methodology: We adopted a mixed-method approach - combining qualitative interviews with quantitative research using a questionnaire survey. Through the form of the online survey through social networking channels: Facebook, Gmail. The study received 261 valid responses for analysis. Multivariate analysis techniques were used: descriptive statistics, exploratory factor analysis (EFA). Results: From the data and result of EFA, the result showed that the distribution of tourist behavior could be grouped into four main factors, including (1) the general impacts, (2) travel-related behaviors; (3) attitudes and preferences regarding modes of tours and destinations; (4) awareness of safety and hygiene. Conclusions: These results highlighted the importance of the theory of perceived risks in explaining the travelers' prudent decisions. In addition, this study provides practical implications for policymakers and various stakeholders of Vietnam's tourism industry in formulating the recovery strategy.

UNCERTAINTY AND SENSITIVITY STUDIES WITH THE PROBABILISTIC ACCIDENT CONSEQUENCE ASSESSMENT CODE OSCAAR

  • HOMMA TOSHIMITSU;TOMITA KENICHI;HATO SHINJI
    • Nuclear Engineering and Technology
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    • v.37 no.3
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    • pp.245-258
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    • 2005
  • This paper addresses two types of uncertainty: stochastic uncertainty and subjective uncertainty in probabilistic accident consequence assessments. The off-site consequence assessment code OSCAAR has been applied to uncertainty and sensitivity analyses on the individual risks of early fatality and latent cancer fatality in the population outside the plant boundary due to a severe accident. A new stratified meteorological sampling scheme was successfully implemented into the trajectory model for atmospheric dispersion and the statistical variability of the probability distributions of the consequence was examined. A total of 65 uncertain input parameters was considered and 128 runs of OSCAAR with 144 meteorological sequences were performed in the parameter uncertainty analysis. The study provided the range of uncertainty for the expected values of individual risks of early and latent cancer fatality close to the site. In the sensitivity analyses, the correlation/regression measures were useful for identifying those input parameters whose uncertainty makes an important contribution to the overall uncertainty for the consequence. This could provide valuable insights into areas for further research aiming at reducing the uncertainties.