• Journal of Korean Society of Industrial and Systems Engineering
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• v.22 no.51
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• pp.151-161
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• 1999

For many decades, Deterministic DCF approach has been widely used to evaluate investment opportunities. Under new manufacturing conditions involving uncertainty and risk, the DCF approach is not appropriate. In DCF, Risk is incorporated in two ways: certainty equivalent method, risk adjusted discount rate. This paper proposes a determination method of the Risk Adjusted Discount Rate for economically decision making advanced manufacturing technologies. Conventional DCF techniques typically use discount rate which do not consider the difference in risk of differential investment options and periods. Due to their relative efficiency, advanced manufacturing technologies have different degree of risk. The risk differential of investments is included using $\beta$ coefficient of capital asset pricing model. The comparison between existing and proposed method investigated. The DCF model using proposed risk adjusted discount rate enable more reasonable evaluation of advanced manufacturing technologies.

• Journal of the Korea Safety Management & Science
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• v.14 no.2
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• pp.113-121
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• 2012

The important elements and conditions to improve corporate competitiveness are customer development, new product development, sales increase, net profit increase, and other factors. Even if those competitiveness elements are well prepared, obstacles may exist. In this paper, we examined the risk, the deadliest obstacle that can affect corporate. We selected the risk factors that exist in functional categories in the system connected complicatedly and variously by organizational value chain of corporate, and examined the conceptual model of Enterprise Risk Management System based on the precedent studies.

• Nuclear Engineering and Technology
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• v.50 no.8
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• pp.1210-1216
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• 2018

Site or multi-unit (MU) risk assessment has been a major issue in the field of nuclear safety study since the Fukushima accident in 2011. There have been few methods or experiences for MU risk assessment because the Fukushima accident was the first real MU accident and before the accident, there was little expectation of the possibility that an MU accident will occur. In addition to the lack of experience of MU risk assessment, since an MU nuclear power plant site is usually very complex to analyze as a whole, it was considered that a systematic method such as probabilistic safety assessment (PSA) is difficult to apply to MU risk assessment. This paper proposes a new MU risk assessment methodology by using the conventional PSA methodology which is widely used in nuclear power plant risk assessment. The logical failure structure of a site with multiple units is suggested from the definition of site risk, and a decomposition method is applied to identify specific MU failure scenarios.

• Journal of the Korean Institute of Gas
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• v.15 no.1
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• pp.60-67
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• 2011

The interest about new and renewable energy is increasing to reduce the burden of problems by depletion of fossil fuels and air pollutions. For example, LNG/CNG and LPG are expected to be replaced, especially in transportation use, by HCNG mixture and DME-LPG mixture, respectively. Because these new energies are still flammable gases, it is not inherently safe from the explosion. In this research, the quantitative risk analysis for using alternative mixtures in existing recharging facilities has been studied by using three types of explosion models (TNT equivalency model, PHAST and CFD-based FLACS) to manage the risk effectively. The differences of results by models were compared against, and the practical ways of when and how to use these models were suggested. It was also predicted that conventional gas filling stations would be converted as new energy stations without additional explosion risk.

• Transactions of the Korean hydrogen and new energy society
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• v.31 no.6
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• pp.605-613
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• 2020

In July and October of this year, the government announced the 'Green new deal plan within the Korean new deal policy' and 'Strategies for proliferation of future vehicles and market preoccupation'. And, in response to changes in the global climate agreement, it has decided to expand green mobility such as electric vehicles and hydrogen electric vehicles with the aim of a "net-zero" society. Accordingly, the goal is to build 310 hydrogen refueling stations along with the supply of 60,000 hydrogen vehicles in 2022, and the hydrogen infrastructure is being expanded. however, it is difficult to secure hydrogen infrastructure due to expensive construction costs and difficulty the selection of a site. In Korea, it is possible to build a mobile hydrogen station according to the safety standards covering special case of the Ministry of Industry. Since the mobile hydrogen station can be charged while moving between authorized place, it has the advantage of being able to meet a large number of demands with only one hydrogen refueling station, so it is proposed as a model suitable for the early market of hydrogen infrastructure. This study demonstrates the establishment of a hydrogen refueling station by deriving a virtual accident scenario for leakage and catastrupture for each facility for the risk factors in a mobile hydrogen station, and performing a quantitative risk assessment through the derived scenario. Through the virtual accident scenario, direction of demonstration and implications for the construction of a mobile hydrogen refueling station were derived.

• KEPCO Journal on Electric Power and Energy
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• v.4 no.1
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• pp.1-7
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• 2018

Objective signs are everywhere that the stationary energy storage market is growing up quickly. The use of distributed resources such as solar photovoltaics and electric vehicles are expanding at a rapid pace, creating technical challenges for the distribution system that will require energy storage and a new generation of software to address. This paper is intended for distribution utility managers and executives and makes the following points: ${\bullet}$ Utility-integrated (as opposed to merely grid-connected) energy storage projects represent a distinct, new wave of industry growth that is just getting underway and is required to manage distributed energy resources moving forward. ${\bullet}$ Utilities and the energy storage industry have important roles to lower risk in adopting this technology - thereby enabling this wave of growth. ${\circ}$ The industry must focus on engineering energy storage for adoption at scale - including the creation and support of software open standards -both to drive down costs and to limit technology and supplier risk for utilities. ${\circ}$ Utilities need to take a program-based, rather than a project- based, approach to this resource to best balance cost and risk as they procure and implement energy storage. By working together to drive down costs and manage risk, utilities and their suppliers can lay the energy storage foundation for a new, more digital distributed electricity system.

• Journal of the Ergonomics Society of Korea
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• v.29 no.3
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• pp.321-329
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• 2010

Unlike production line works, construction work is non-repetitive in nature. In this study, a checklist was developed to characterize the ergonomic hazards of construction work. Eight existing checklists including OWAS, RULA, and REBA were integrated, and a new version was designed to include more postures of lower extremities. The analysis results obtained using the new checklist showed that manual materials handling (MMH) is the most common risk factor. About 62% of the MMH was done below the knee level or above the elbow level, and 22% was carried out with the trunk twisted more than $60^{\circ}$. The next risk factors were the works done with the knee bent or squatted, or with the shoulders abducted. It can be concluded that the new checklist is successful as a quick and easy tool for screening risk factors of construction works, although it is not capable of determining action levels. Further studies on validation of the checklist are expected.

• Nuclear Engineering and Technology
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• v.54 no.12
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• pp.4601-4619
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• 2022

The classical Probabilistic Safety Analysis (PSA) does not include any time dependence explicitly. However, the success criteria (SC) could evolve during the cycle for some initiating events. In that sense, there is a type of sequence in which this time-dependency is quite important, the family of Anticipated Transient without Scram (ATWS) sequences in Pressurized Water Reactors. Therefore, a new risk-informed approach is proposed in this paper, which makes it possible to obtain the time-dependent SC evolution of the safety functions affected by the Moderator Temperature Coefficient (MTC) value. Then, the evolution of the ATWS conditional core damage probability (CCDP) could be obtained using a PSA model. To quantify the CCDP, the average values of the time-dependent failure probabilities must be computed. Finally, the comparison between the CCDP obtained through the application of the classical PSA approach and the new one makes it possible to quantify the impact of time-dependence on the SC of the headers that this new risk-informed ATWS approach can provide.

• Korean Journal of Radiology
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• v.23 no.6
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• pp.574-580
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• 2022

• Proceedings of the Korean Society of Computer Information Conference
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• 2022.07a
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• pp.693-696
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• 2022

The purpose of this paper is to explore the factors affecting the purchase intention of new energy vehicles, utilizing the BRA and VAM models. Based on self-interest and altruism, a model for willingness to use new energy vehicles was developed. Through analysis with analytical tools such as SPSS and AMOS, we obtained the following conclusions: Perceived value, perceived entertainment, and environmental values all have a significant positive impact on the purchase intention of new energy vehicles; Perceived risk has a negative impact on purchase intention. By conducting this research, useful suggestions can be made for the formulation of enterprise strategies, and new directions and inspirations can be provided for enterprises.