• Journal of the Korean Institute of Gas
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• v.7 no.1 s.18
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• pp.33-40
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• 2003

In this work, a novel approach was introduced to assess cost of loss resulting from risk as well as to help deciding inspection period through quantifying risk. In order to quantifying risk of city gas pipeline, frequency and consequence analysis were required. The main causes of city gas accident were analyzed to be digging, external corrosion, ground movement, and equipment failure. Tools to evaluate frequency of each cause was also suggested. Among city gas accidents, fire damage is the dominant one and mainly discussed; fatality, burning injury, and damage to building were estimated using the consequence model suggested. By combining frequency and consequence analysis, evaluating cost of risk management together with calculating example. This work could be applicable for city gas companies to plan how to manage risk most effectively.

• Industrial Engineering and Management Systems
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• v.14 no.3
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• pp.221-235
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• 2015

Risk assessment is an important phase of risk management. It is the stage in which risk is measured thoroughly to achieve effective management. Some factors such as probability and impact of risk have been used in the literature related to construction projects. Because in high-rise projects safety issues are paramount, this study has tried to develop a quantifying technique that takes into account three factors: probability, impact and Safety Performance Index (SPI) where the SPI is defined as the capability of an appropriate response to reduce or limit the effect of an event after its occurrence with regard to safety pertaining to a project. Regarding risk-related literatures which cover an uncertain subject, the proposed method developed in this research is based on a fuzzy logic approach. This approach entails a questionnaire in which the subjectivity and vagueness of responses is dealt with by using triangular fuzzy numbers instead of linguistic terms. This method returns a Risk Critical Point (RCP) on a zoning chart that places risks under categories: critical, critical-probability, critical-impact, and non-critical. The high-rise project in the execution phase has been taken as a case study to confirm the applicability of the proposed method. The monitoring results showed that the RCP method has the inherent ability to be extended to subsequent applications in the phases of risk response and control.

• Journal of the Korea Institute of Building Construction
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• v.23 no.6
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• pp.797-807
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• 2023

This research aims to investigate the alterations in typhoon patterns attributable to climate change and to quantitatively assess the risk of damage to residential structures. The increasing prevalence of climate anomalies and severe weather events, a consequence of global warming, is causing escalating damage globally. Notably, numerous countries are facing substantial devastation due to shifts in typhoon trajectories. Despite this, there exists a gap in empirical research quantifying the impact of these changes on building integrity and the associated risk alterations driven by climate change. In addressing this gap, our study analyzes the frequency and intensity of typhoons impacting Korea, examining the evolution of these meteorological phenomena. Furthermore, we employ the Korean Typhoon Vulnerability Function for residential facilities to quantify the altered risk posed by these changing patterns. The outcomes of this study provide the private sector with essential data to formulate diverse scenarios and business strategies in response to the escalating risks of typhoon-related damage. Additionally, it equips governmental bodies with the necessary insights to develop comprehensive risk management strategies to mitigate the effects of future typhoons.

• Toxicological Research
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• v.32 no.1
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• pp.5-8
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• 2016

Risk assessment is the process of quantifying the probability of a harmful effect to individuals or populations from human activities. Mechanistic approaches to risk assessment have been generally referred to as systems toxicology. Systems toxicology makes use of advanced analytical and computational tools to integrate classical toxicology and quantitative analysis of large networks of molecular and functional changes occurring across multiple levels of biological organization. Three presentations including two case studies involving both in vitro and in vivo approaches described the current state of systems toxicology and the potential for its future application in chemical risk assessment.

• Korean Journal of Construction Engineering and Management
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• v.9 no.5
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• pp.168-175
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• 2008

Project risk factors are major triggers in cost performance in construction projects. Both owners and contractors are highly concerned in managing their risks in earlier times. As such, it is needed to provide a robust risk evaluation methodology in identifying and assessing the potential risks before project execution. In previous research, risk identification was conducted only in specific phases, i. e., design, procurement, construction. Therefore, the comprehensive approach in risk management was limited and their quantifying method was not well-defined. Since the benefit of planning in earlier times are maximized compared to later times, the risk management should be implemented in earlier planning stage. This study provide a new risk evaluation method by incorporating previous research and extensive literature review. By quantifying each risk factor from an extensive industry survey, the proposed tool can enhance the reliability of each factor weight and also the weights are categorized from a various perspectives, i.e., owners, contractors, lager-scale company, smaller-scale company, building projects. The proposed tool can be also useful in deciding on whether to proceed a particular project and How much the project contingency would be set aside in project execution. The study findings can also expedite the risk management procedure in a more systematic approach.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.519-524
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• 2001

Recently, our construction market recognizes the necessity of risk management, however the application of practical system is still limited on the construction site because the methodology for analyzing and quantifying construction risk and for building actual risk factors is not easy. This study suggests a risk management method by fuzzy theory, which is using subjective knowledge of an expert and linguistic value, to analyze and Quantify risk. The result of study is expected to improve the accuracy of risk analysis because three factors, such as probability, impact and frequency, for estimating membership function are introduced to quantify each risk factor.

• Journal of the Ergonomics Society of Korea
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• v.24 no.4
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• pp.79-83
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• 2005

Efforts to identify jobs or tasks having known risk factors for work-related musculoskeletal disorder can provide the groundwork for changes aimed at risk reduction. An effective identification method is the ergonomic job hazard analysis which breaks a job into its various elements or actions, describes them, measures and quantifies the ergonomics risk factors. Some analytical methods including OWAS, RULA, REBA, and NLE have been used as tools in quantifying the risk factors. But these traditional methods using worksheet or paper are difficult to explain to participants for performing the job hazard analysis in the field, and take a long time. We develop some software tools to implement the analytical methods using EXCEL programs or computer program. These tools developed in this study are faster and easier to perform the ergonomic job analysis than the traditional methods using worksheet.

• Korean Journal of Construction Engineering and Management
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• v.7 no.4 s.32
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• pp.177-183
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• 2006

Risk-based estimation has been successfully introduced into the construction industry. By incorporating historical data associated with probability analysis, risk-based estimate is an effective decision support aid in considering whether to launch a particular project. The industry challenges, however, especially related with management issues, such as labor shortage, wage growth, and supply chain complexity, have often resulted in poor cost performance. The insufficient assessing the project characteristics (i.e., resource availability, project complexity, and project delivery method) can be the main reasons in the poor cost performance. Because the accuracy level of cost performance prediction can be enhanced by extensive evaluation of the subject project characteristics, a new approach for predicting cost performance in an earlier stage of a project can improve the Industry substantiality, in other words, value maximization. The purpose of this paper is to develop a new methodology in developing a risk-based estimate tool by incorporating extensive project characteristics. To do this, an extensive industry survey was conducted from both private and public sectors in building industry in Korea. In addition, significant project characteristics were identified in terms of cost performance indicator. Although the data collection is limited to Korean industry the suggested approach provides the industry with a straightforward methodology in risk management. As many researchers maintained that front-end planning efforts are crucial in achieving the successful outcome in building projects, the new method for risk-based estimation can Improve the cost performance as well as enhance the fulfillment in terms of business sustainability.

• International Journal of Advanced Culture Technology
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• v.6 no.4
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• pp.255-261
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• 2018

In the field of excavation, it is important to recognize and analyze the factors that cause the ground collapse in order to predict and cope with the ground subsidence. However, it is difficult for field engineers to predict ground collapse due to insufficient knowledge of ground subsidence influence factors. Although there are many cases and studies related to the ground subsidence, there is no manual to help practitioners. In this study, we present the criteria for describing and quantifying the influential factors to help the practitioners understand the existing ground collapse cases and classification of the ground subsidence factors revealed through the research. This study aims to improve the understanding of the factors affecting the ground collapse and to provide a GSRp for the ground subsidence risk assessment which can be applied quickly in the field.

• Communications for Statistical Applications and Methods
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• v.29 no.6
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• pp.679-694
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• 2022

Mortality risk is a significant threat to individual life, and quantifying the risk is necessary for making a national population plan and is a traditionally fundamental task in the insurance and annuity businesses. Like other advanced countries, the sustainability of life pensions and the management of longevity risks are becoming important in Asian countries entering the era of aging society. In this study, mortality and pension value sustainability trends are compared and analyzed based on national population and mortality data, focusing on four Asian countries from 1990 to 2017. The result of analyzing the robustness and accuracy of generalized linear/nonlinear models reveals that the Cairns-Blake-Dowd model, the nonparametric Renshaw-Haberman model, and the Plat model show low stability. The Currie, CBD M5, M7, and M8 models have high stability against data periods. The M7 and M8 models demonstrate high accuracy. The longevity risk is found to be high in the order of Taiwan, Hong Kong, Korea, and Japan, which is in general inversely related to the population size.