• Title/Summary/Keyword: risk management cycle

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Economical selection of optimum pressurized hollow fiber membrane modules in water purification system using RbLCC

  • Lee, Chul-sung;Nam, Young-wook;Kim, Doo-il
    • Membrane and Water Treatment
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    • v.8 no.2
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    • pp.137-147
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    • 2017
  • A water treatment utility in South Korea operates a large system of pressurized hollow fiber membrane (PHFM) modules. The optimal selection of membrane module for the full scale plant was critical issue and carried out using Risk-based Life Cycle Cost (RbLCC) analysis based on the historical data of operation and maintenance. The RbLCC analysis was used in the process of decision-making for replacing aged modules. The initial purchasing cost and the value at risk during operation were considered together. The failure of modules occurs stochastically depending on the physical deterioration with usage over time. The life span of module was used as a factor for the failure of Poisson's probability model, which was used to obtain the probability of failure during the operation. The RbLCC was calculated by combining the initial cost and the value at risk without its warranty term. Additionally, the properties of membrane were considered to select the optimum product. Results showed that the module's life span in the system was ten years (120 month) with safety factor. The optimum product was selected from six candidates membrane for a full scale water treatment facility. This method could be used to make the optimum and rational decision for the operation of membrane water purification facility.

Suggestion for Change in Risk Management Based Government Quality Assurance Activities of Military Supplies (위험관리기반의 군수품 품질보증업무 변화를 위한 제언)

  • Ahn, Nam-Su
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.9
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    • pp.5914-5923
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    • 2015
  • Recently, Recently, many quality problems in military supplies are raised such as K-series weapons(K-2 tank, K-9 Self-propelled artillery and K-11 Armoured Car and etc.) quality issues, leaking combat shoe issue and so on. Existing one and only national quality assurance agency for military supplies, Defense Agency for Technology and Quality(DTaQ) adapted risk management based framework to perform the government quality assurance activities. However, risk framework established by DTaQ seems lack of objectivity, consistency and efficiency. In this research, we first reviewed the DTaQ's regulations to identify the possible problems, and then suggested the alternatives which are based on advanced risk management framework and plan-do-check-action(PDCA) cycle. In conclusion, we suggested the new risk management framework, so called visual PDCA fishbone chart, and illustrated the use of the framework via real instance.

Conceptual Study for Asset Management Framework Construction of Railway Infra Structure System (철도시설물에 대한 자산관리체계수립을 위한 개념 연구)

  • Lee, Jee-Ha;Park, Mi-Yun;Lee, Jong-Kun;Park, Man-Ho;Jung, Dae-Ho
    • Proceedings of the KSR Conference
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    • 2011.10a
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    • pp.2473-2478
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    • 2011
  • The asset management of railway facilities is a total framework for finally supporting a safe and comfortable train service, which includes functions of supporting evaluation of condition and performance of infrastructures, making the decision method of repair or rehabilitation of deteriorated facilities, and lengthening the life cycle of structure through the decision of adequate cost and time of repair or reinforcement. In the range of the asset management, organization, human, the target, and information & data of company are included. Therefore, in this paper, appling the method of asset management analysis to the railway structures, the process of the risk assesment using BRE(Business Risk Exposure) and the basis of consisting optimized renewal decision-making are expressed.

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Stochastic value index for seismic risk management of existing lifelines

  • Koike, Takeshi;Imai, Toshio
    • Structural Engineering and Mechanics
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    • v.32 no.1
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    • pp.147-165
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    • 2009
  • This study proposes a certain measure or investment strategy for decision making associated with seismic retrofitting. This strategy reduces the risk of a large-scale malfunction such as water supply loss under seismic risks. The authors developed a stochastic value index that will be used in the overall evaluation of social benefit, income gain, life cycle costs and failure compensation associated with existing lifeline systems damaged by an earthquake during the remaining service period. Optimal seismic disaster prevention investment of deteriorated lifeline systems is discussed. Finally, the present study provides a performance-based design method for seismic retrofitting strategies of existing lifelines which are carried out using the target probabilities of value loss and structural failure.

Risk Analysis and Hazard Control Process for Vital Train Control Systems (바이탈 열차제어시스템의 리스크 분석 및 헤저드 제어방법)

  • Hwang, Jong-Gyu;Jo, Hyun-Jeong;Yoon, Yong-Ki
    • Proceedings of the IEEK Conference
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    • 2006.06a
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    • pp.951-952
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    • 2006
  • Railway signaling systems are so vital to ensure the safe operation of railroad and the assurance and demonstration of the safety is so important. The safety management process shall consist of a number of phases and activities, which are linked to form the safety life-cycle. The basic processes of safety management and safety activity throughout the lifecycle are 'risk analysis' and 'hazard control'. The safety managements and activities for the two kinds of aspects are implemented throughout the whole steps of system lifecycle. The risk analyses and hazard controls like those are needed, these activities have to be carried out through the whole of system lifecycle.

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Crisis Management System in Hospitals (병원의 위기관리 시스템)

  • Kim, Hyeongjin
    • Korea Journal of Hospital Management
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    • no.spc
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    • pp.85-95
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    • 2016
  • This study is to introduce a comprehensive framework of a crisis management system developed at a prominent hospital in South Korea. Throughout recent decades, especially in the recent years, the way in which to cope with both internal and external challenges has been one of the most critical issues. Since the incident management system in the U.S. is acknowledged as the most advanced crisis management model in the world, a portion of this study refers to the Hospital Incident Command System(HICS) provided by the California Emergency Medical Services Authority(EMSA). Nevertheless, the framework suggested in this article was designed based on a distinctive Korean hospital setting. The main contents of this study are as follows; categorization of each type of crisis, organization of a crisis management team in a non-crisis or crisis state, crisis assessment by life cycle stage, and establishment of crisis management protocol. Even though many types of crises are unspecified, those can be categorized into external crisis, medical crisis, and utility & activity failure. A crisis management organization should be operated and consisted differently- depending on a crisis or non-crisis situation. From a life-cycle perspective, the range by which the crisis should be managed extends from pre-stage to post-stage of the crisis. It is important to set proper scenarios and manuals by crisis type to develop a crisis management framework of high quality. With continuous efforts, hospitals can prepare for the uncertainty to better concentrate on core business operations.

Risk Management for PX Plant Through Revalidation of Process Hazard Analysis (PX 공장에서의 공정위험성 재평가에 의한 위험관리)

  • Lim, Jong Woo;Woo, In Sung
    • Journal of the Korea Safety Management & Science
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    • v.19 no.3
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    • pp.35-42
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    • 2017
  • Process Hazard Analysis(PHA) have been performed for a risk management of process (petrochemical) industry for nearly 50 years. There are many PHA methods for application in the process industry, Hazop Study method has been recognized as a good method used typically in most of phase of process plant. And also there was inconvenient opinion that Hazop Study is too resource (man power, time etc.) consuming comparing its result performance (a quality of recommendations) for a good operating and existing plant. In this study, two types of PHA method - checklist and K-PSR - were performed respectively for a new para-xylene(PX)plant and 30 year old PX plant. Past history and experience of incident, operation, maintenance and so on are very important in PHA by those two methods. The higher effectiveness were realized in PHA by a checklist and K-PSR Method than prior Hazop study. And also some suggestions including PHA cycle determination, RBPS application, Follow-up plan of PHA result etc. were proposed about PHA improvement measures for a best risk management.

Consideration of Dyslipidemia Examination Cycle Change in Korea National Health Checkup Program (일반건강검진의 이상지질혈증 검진주기 변경에 대한 문제점 고찰)

  • Lee, June-Hee;Lee, Kyung-Jae
    • Health Policy and Management
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    • v.31 no.3
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    • pp.255-260
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    • 2021
  • Background: Korea National Health Checkup Programs are aimed at the prevention and early detection of cardiovascular disease in adults. To establish a countermeasure for this tendency, The current Korea National Health Checkup Programs have been providing Health Risk Appraisal (HRA) since 2009, thereby focusing on individual lifestyle correction. However, from 2018, the dyslipidemia screening exam cycle has been changed from 2 to 4 years. Methods: In this study, we try to investigate whether policy decisions are valid based on domestic reports that have influenced policy decisions. First, considering the epidemiology of the domestic cardiovascular disease, dyslipidemia, and metabolic syndrome, the change of the 4-year cycle is appropriate or not. Second, whether the research method that applies came to make policy decisions appropriate or not. Third, our study also investigates whether the direction of policy decision was suitable for the second comprehensive national examination plan. Results: The data that are used in the previous study were that of 10 years ago and there also was a problem in selecting the data, especially the use of one of the research methods to calculate the signal to noise ratio that was aimed at improving health had some problems. This is a research method that does not match with the aim itself. Conclusion: Changing the screening cycle for dyslipidemia does not match the recent trend of general screening to effectively prevent cardiovascular disease in improving individual lifestyles in the national health checkup plan. Studying the relationship with metabolic syndrome, which can be an intermediate stage of cardiovascular disease, could be a policy direction that is more suitable for the national health examination comprehensive plan.

Roles of Safety Management System (SMS) in Aircraft Development

  • Lee, Won Kwan;Kim, Seung Jo
    • International Journal of Aeronautical and Space Sciences
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    • v.16 no.3
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    • pp.451-462
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    • 2015
  • Safety is the first priority in civil aviation, and so the International Civil Aviation Organization (ICAO) has introduced and mandated the use of Safety Management Systems (SMS) by airlines, airports, air traffic services, aircraft maintenance organizations, and training organizations. The aircraft manufacturing industry is the last for which ICAO has mandated the implementation of SMS. Since SMS is a somewhat newer approach for most manufacturers in the aviation industry, they hardly believe in the value of implementing SMS. The management of safety risk characteristics that occur during early aircraft development stages and the systematic linkage that the safety risk has to do with an aircraft in service could have a significant influence on the safe operation and life cycle of the aircraft. This paper conducts a case analysis of the McDonnell Douglas MD-11 accident/incident to identify the root causes and safety risk levels, and also verified why aircraft manufacturing industry should begin to adopt SMS in order to prevent aircraft accident.

The Short-run and Long-run Dynamics Between Liquidity and Real Output Growth: An Empirical Study in Indonesia

  • JUMONO, Sapto;SOFYAN, Joel Faruk;SUGIYANTO, Sugiyanto;MALA, Chajar Matari Fath
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.595-605
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    • 2021
  • The objectives of this research are to see if the phenomena of "demand following" and "supply leading" exist in the business cycle, as well as to look at how liquidity and output react to changes in credit risk, investment-saving gap, inflation, exchange rate, and growth rate of real national output. Employing quarterly data of Maluku and North Maluku (2008-2019), this study utilizes VAR/VECM for inferential analysis. This research found three important findings. First, liquidity and output growth influenced each other in the long run. Second, the determinants of output growth for Maluku are liquidity, investment-saving gap, and inflation, while the determinants of liquidity are output-growth, the gap of investment-saving, and inflation. Third, the determinants of output growth for North Maluku are liquidity, credit risk, investment-saving gap, inflation, exchange rate, and the national output-growth, while the determinants of liquidity are output-growth, credit risk, investment-saving gap, inflation, exchange rate, and national output-growth. The findings of this study supported the hypothesis of demand following and supply leading theory in the Maluku and North Maluku business cycles. This study concludes that economic development would improve if supported by liquidity adequacy through increased deposit growth.