• Title/Summary/Keyword: loss

Search Result 34,938, Processing Time 0.055 seconds

The Allocation of Risk under Sale of Goods in American Law - Focused on the Uniform Commercial Code and Cases - (미국법상 물품매매계약에서의 위험의 분배 - 통일상법전(UCC)의 규정 및 사례를 중심으로 -)

  • Kim, Young Ju
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
    • /
    • v.58
    • /
    • pp.59-98
    • /
    • 2013
  • Risk of loss is a term used in the law of contracts to determine which party should bear the burden of risk for damage occurring to goods after the sale has been completed, but before delivery has occurred. Under the Uniform Commercial Code (UCC), there are four risk of loss rules, in order of application. First, it is agreement that is the agreement of the parties controls. Second, the breaching party is liable for any uninsured loss even though breach is unrelated to the problem. Hence, if the breach is the time of delivery, and the goods show up broken, then the breaching rule applies risk of loss on the seller. Third, the delivery by common carrier other than by seller is necessary: Risk of loss shifts from seller to buyer at the time that seller completes its delivery obligations; If it is a destination contract, then risk of loss is on the seller; If it is a delivery contract, then the risk of loss is on the buyer. Fourth, if the seller is a merchant, then the risk of loss shifts to the buyer upon buyer's receipt of the goods. If the buyer never takes possession, then the seller still has the risk of loss. This paper discusses problems of risk of loss under the American law. Specifically, this paper focuses on the interpretation of UCC sections and analysis of various cases. By comparing, also, UCC and Korean law, the paper proposes some implications of risk of loss issues for Korean law.

  • PDF

Effect of Coflow Air Velocity on Heat-loss-induced Self-excitation in Laminar Lifted Propane Coflow-Jet Flames Diluted with Nitrogen (질소로 희석된 프로판 동축류 층류 제트 부상화염에서 열손실에 의한 자기진동에 대한 동축류 속도 효과)

  • Lee, Won-June;Yoon, Sung-Hwan;Park, Jeong;Kwon, Oh-Boong;Park, Jong-Ho;Kim, Tae-Hyung
    • Journal of the Korean Society of Combustion
    • /
    • v.17 no.1
    • /
    • pp.48-57
    • /
    • 2012
  • Laminar lifted propane coflow-jet flames diluted with nitrogen were experimentally investigated to determine heat-loss-related self-excitation regimes in the flame stability map and elucidate the individual flame characteristics. There exists a critical lift-off height over which flame-stabilizing effect becomes minor, thereby causing a normal heat-loss-induced self-excitation with O(0.01 Hz). Air-coflowing can suppress the normal heat-loss-induced self-excitation through increase of a Peclet number; meanwhile it can enhance the normal heat-lossinduced self-excitation through reducing fuel concentration gradient and thereby decreasing the reaction rate of trailing diffusion flame. Below the critical lift-off height. the effect of flame stabilization is superior, leading to a coflow-modulated heat-loss-induced self-excitation with O(0.001 Hz). Over the critical lift-off height, the effect of reducing fuel concentration gradient is pronounced, so that the normal heat-loss-induced self-excitation is restored. A newly found prompt self-excitation, observed prior to a heat-loss-induced flame blowout, is discussed. Heat-loss-related self-excitations, obtained laminar lifted propane coflow-jet flames diluted with nitrogen, were characterized by the functional dependency of Strouhal number on related parameters. The critical lift-off height was also reasonably characterized by Peclet number and fuel mole fraction.

Effect of supportive periodontal therapy on the prevention of tooth loss in Korean adults

  • Kim, Sang-Yul;Lee, Jae-Kwan;Chang, Beom-Seok;Um, Heung-Sik
    • Journal of Periodontal and Implant Science
    • /
    • v.44 no.2
    • /
    • pp.65-70
    • /
    • 2014
  • Purpose: The purpose of this retrospective study was to evaluate the effect of patient compliance with supportive periodontal therapy (SPT) on tooth loss in Korean adults. Methods: The periodontal records of 134 patients were reviewed for this study. They completed active periodontal treatment from 1999 to 2001 and were placed on a schedule of periodic follow-up visits for SPT. Patient compliance was classified into complete compliance (CC), erratic compliance (EC), and noncompliance (NC) groups. Re-examinations were carried out $11.0{{\pm}}0.8$ years after the active periodontal treatment. The prognosis for each tooth was determined as good, questionable, or hopeless according to the bone loss observed in pretreatment radiographs. Results: The rate of tooth loss of the CC group was significantly lower than that of the NC group. The tooth loss/patient and the tooth loss/patient/year were not significantly different between the three groups. The rates of tooth loss in the good, questionable, and hopeless prognosis groups were 6.7%, 9.5%, and 13.2%, respectively. For the teeth with a good prognosis, the rate of tooth loss of the CC group was significantly lower than that of the NC group (0.4% vs. 5.1%). For the teeth with a questionable prognosis, the CC group showed a significantly lower rate of tooth loss than did the EC group (4.1% vs. 30.7%) or the NC group (4.1% vs. 25.6%). For the teeth with a hopeless prognosis, the rates of tooth loss were not significantly different among the three groups. Conclusions: Within the limits of this study, the patients who showed a poor compliance with SPT were more likely to lose teeth than were the regularly compliant patients. However, the risk of tooth loss with a hopeless prognosis was high irrespective of the compliance.

A Development of Expected Loss Control Chart Using Reflected Normal Loss Function (역정규 손실함수를 이용한 기대손실 관리도의 개발)

  • Kim, Dong-Hyuk;Chung, Young-Bae
    • Journal of Korean Society of Industrial and Systems Engineering
    • /
    • v.39 no.2
    • /
    • pp.37-45
    • /
    • 2016
  • Control chart is representative tools of statistical process control (SPC). It is a graph that plotting the characteristic values from the process. It has two steps (or Phase). First step is a procedure for finding a process parameters. It is called Phase I. This step is to find the process parameters by using data obtained from in-controlled process. It is a step that the standard value was not determined. Another step is monitoring process by already known process parameters from Phase I. It is called Phase II. These control chart is the process quality characteristic value for management, which is plotted dot whether the existence within the control limit or not. But, this is not given information about the economic loss that occurs when a product characteristic value does not match the target value. In order to meet the customer needs, company not only consider stability of the process variation but also produce the product that is meet the target value. Taguchi's quadratic loss function is include information about economic loss that occurred by the mismatch the target value. However, Taguchi's quadratic loss function is very simple quadratic curve. It is difficult to realistically reflect the increased amount of loss that due to a deviation from the target value. Also, it can be well explained by only on condition that the normal process. Spiring proposed an alternative loss function that called reflected normal loss function (RNLF). In this paper, we design a new control chart for overcome these disadvantage by using the Spiring's RNLF. And we demonstrate effectiveness of new control chart by comparing its average run length (ARL) with ${\bar{x}}-R$ control chart and expected loss control chart (ELCC).

Potential Soil Loss Prediction for Land Resource Management in the Nakdong River Basin (토지자원관리를 위한 낙동강 유역의 잠재적 토양유실량 산정)

  • Oh, Jeong-Hak;Jung, Sung-Gwan
    • Journal of Korean Society of Rural Planning
    • /
    • v.11 no.2 s.27
    • /
    • pp.9-19
    • /
    • 2005
  • The purpose of this study is to analyze the potential soil loss and hazard zone by the Revised Universal Soil Loss Equation(RUSLE) for preservation and management of land resources which is the base of ecosystem, and to grasp the relationship between RUSLE factors in the Nakdong River Basin. All thematic maps used in RUSLE are constructed through GIS and spatial analysis method derived from digital topographic maps, detailed soil maps, land-cover maps, and mean annual precipitation of 30 years collected respectively from National Geographic Information Institute, National Institute of Agricultural Science and Technology, and Ministry of Environment. The slope length of LS-factor that takes much times by the study area's wideness was calculated automatically through AML(Arc Macro Language) program developed by Van Remortel et al.(2001, 2003). The results are as follows; First, according to the soil loss estimation by the RUSLE, it shows that approximately 82% of the study area have relatively lower possibility of soil loss which is the 1 ton/ha in annual soil loss. While, 9.4% ($2,228km^2$) needed intensive and continuous management for soil loss. Because the amount of their annual soil loss was greater than 10 ton/ha that is optimum level suggested by Morgan(1995). For these areas, the author believe that a new approach which can minimize environmental impacts from soil loss through improvement of cultivation process and buffer forest zone should be applied. Second, according to the relationship between the RUSLE factors, topographical(LS-factor) and cover management(C-factor) conditions have a lot of influence on soil loss in case of the Nakdong River Basin. However, because of RUSLE factor's influence that affect to soil loss might be different based on the variety of spatial hierarchy and extent, it is necessary to analyze and evaluate factor's relationship in terms of spatial hierarchy and extent through field observations and further studies.

Review on Predictors of Weight Loss Maintenance after Successful Weight Loss in Obesity Treatment (비만치료에 있어서 감량 후 체중 유지에 영향을 주는 요인에 관한 고찰)

  • Kwon, Yu-Kyung;Kim, Seo-Young;Lim, Young-Woo;Park, Young-Bae
    • Journal of Korean Medicine for Obesity Research
    • /
    • v.19 no.2
    • /
    • pp.119-136
    • /
    • 2019
  • Objectives: People often fail to maintain their weight even though they have succeeded in weight loss. The purpose of this study was to review previously published study results with regards to the predictive factors associated with weight loss maintenance after successful weight loss. Methods: The authors searched for the articles related to weight loss maintenance after successful weight loss, published up until June 2019 on PubMed, Cochrane Central Register of Controlled Trials (CENTRAL), Embase, Research Information Sharing Service (RISS), and Koreanstudies Information Service System (KISS). A total of 76 articles were finally selected. From the study results, changeable and unchangeable predictors were extracted, and these predictors were examined according to detailed categories. Results: The changeable predictors of weight loss maintenance included behavioral factors, psychological factors and treatment process-related factors, whereas the unchangeable predictors included genetic and physiological factors, demographic factors, history of treatment on obesity-related factors. The main factors of weight loss maintenance were changeable predictors such as healthy eating habits, dietary intake control, binge eating control, regular exercise and physical activity, depression and stress control, social supports, self-regulation, self-weighing and initial weight loss and unchangeable predictors such as low initial weight and maximum lifetime weight. Conclusions: The results of our review results suggest that changeable and unchangeable predictors of weight loss maintenance should be carefully examined during treatments of obesity.

The effect of self-regulatory focus on loss aversion when gain and loss between possession and valence compete (소유와 유인가의 득과 실이 경쟁할 때 자기조절초점이 손실회피에 미치는 효과)

  • Lee, Byung-Kwan;Lee, Guk-Hee
    • Science of Emotion and Sensibility
    • /
    • v.17 no.4
    • /
    • pp.101-108
    • /
    • 2014
  • The study of loss aversion has progressed. Specifically, Brenner et al. (2007) distinguished between possession loss aversion (PLA) and valence loss aversion (VLA) and explained PLA is the loss of cash or spot goods (money, apartment) and that VLA is the loss of tentative value (opportunity of oversea study, coupon). Also, they explored how the tendency of loss aversion was different between when possession loss was salience and when valence loss was outstanding. But, in our everyday life, it is more common that people face some economic situation where the gain and loss between possession and valence are competing. And, in this situation, they usually choose a better option based on their ordinary mind-set or self-focus rather than on which option has more benefit. Therefore, present research is that whether the tendency of loss aversion is different based on one's ordinary self-focus. Concretely, after priming promotion focus vs. prevention focus, participants should decide whether present occupation changes or not when gain and loss between possession and valence compete (income increase but oversea study chance decrease or income decrease but oversea study chance increase). As a result, there are more rate of changing job in promotion focusing condition than prevention focusing condition based on positive change irrespective of possession or valence. This result can have implication for marketing, consumer and advertisement psychology.

Conservative Loan Loss Allowance and Bank Lending

  • TAKASU, Yusuke;NAKANO, Makoto
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.6 no.3
    • /
    • pp.9-18
    • /
    • 2019
  • The purpose of this study is to investigate the relation between conservative loan loss accounting practice of banks, defined as accounting behavior that increases loan loss allowances against expected credit losses, and bank lending. Furthermore, we specify the macroeconomic conditions reflecting debtors' borrowing environments and analyze how these conditions affect the relation between conservative loan loss allowances and bank lending. Although existing literature reports that accounting conservatism has a direct effect on non-financial firms' investment behavior, there is little evidence about an effect of conservatism on banks' lending behavior. By exploiting data showing the links between individual Japanese firms and their individual lenders to control both loan demand and supply, we estimate OLS regressions to test the relationships among conservative loan loss allowance, bank lending, and macroeconomic conditions using a unique dataset containing bank-firm-year observations between 2001 and 2013. We find banks that have conservative loan loss allowances tend to provide fewer loans to firms with financing needs when macroeconomic conditions are good and these conservative banks are likely to provide more loans to firms when macroeconomic conditions are bad. Our findings suggest that reflecting expected credit loss into loan loss allowances can mitigate the procyclical behavior of banks.

Incorporation of collapse safety margin into direct earthquake loss estimate

  • Xian, Lina;He, Zheng;Ou, Xiaoying
    • Earthquakes and Structures
    • /
    • v.10 no.2
    • /
    • pp.429-450
    • /
    • 2016
  • An attempt has been made to incorporate the concept of collapse safety margin into the procedures proposed in the performance-based earthquake engineering (PBEE) framework for direct earthquake loss estimation, in which the collapse probability curve obtained from incremental dynamic analysis (IDA) is mathematically characterized with the S-type fitting model. The regressive collapse probability curve is then used to identify non-collapse cases and collapse cases. With the assumed lognormal probability distribution for non-collapse damage indexes, the expected direct earthquake loss ratio is calculated from the weighted average over several damage states for non-collapse cases. Collapse safety margin is shown to be strongly related with sustained damage endurance of structures. Such endurance exhibits a strong link with expected direct earthquake loss. The results from the case study on three concrete frames indicate that increase in cross section cannot always achieve a more desirable output of collapse safety margin and less direct earthquake loss. It is a more effective way to acquire wider collapse safety margin and less direct earthquake loss through proper enhancement of reinforcement in structural components. Interestingly, total expected direct earthquake loss ratio seems to be insensitive a change in cross section. It has demonstrated a consistent correlation with collapse safety margin. The results also indicates that, if direct economic loss is seriously concerned, it is of much significance to reduce the probability of occurrence of moderate and even severe damage, as well as the probability of structural collapse.

The Change of the Voice Parameters in Long-term Sensorineural Hearing Loss Patients (장기간의 양측 감각신경성 난청환자에서 음성지표의 변화)

  • 윤자복;조경래;정상원;최정환;유영삼;우훈영;이강수
    • Journal of the Korean Society of Laryngology, Phoniatrics and Logopedics
    • /
    • v.12 no.2
    • /
    • pp.140-144
    • /
    • 2001
  • Backgrounds & Objectives : Prolonged hearing loss was considered as one of the factors which have the potential to cause vocal changes. However, the analysis of quality of phonation in hearing loss patients has not been achieved enough. The purpose of the study was to evaluate the difference in objective acoustic parameters between long-term hearing impaired patients and normal control group. Material & Methods : The material of this investigation comprised a group of 20 patients (M : F=10 : 10) with moderate or profound hearing loss(over 50dB). The duration of all hearing loss was over 1 year. All of them underwent the acoustic examinations comprising electroglottography, multidimensional voice program and formant analysis during phonation of the bowels /a/ with free confortable tone and /i/ with voluntary high tone. The results of the acoustic examinations were compared with those of a control group, composed of 20 sex- and age-matched normal hearing subjects. Results : In the male hearing loss subjects, the significant increase was detected in pitch and shimmer during phonation of /a/ and in pitch during phonation of /i/. In addition, this group was characterized by decreased fundamental frequency during phonation of /i/. In female, there was no difference between hearing loss group and normal control group except a decreased formant 1 frequency. Conclusion : Long-term moderate and profound sensorineural hearing loss could affect the objective voice parameters.

  • PDF