• Journal of Advanced Marine Engineering and Technology
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• v.34 no.8
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• pp.1057-1067
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• 2010

Vibration and noise analysis as well as strength of gear teeth, gear profile design are considered in order to develop the multi-gear train devices of synchro system for the guns of a warship. A new approach to the critical speed calculation of practical industrial multi-mesh geared system is presented. A transfer matrix model based on Hibner's branch method is developed and the natural properties of the branched rotor system are calculated with using the ${\lambda}$-matrix formulation. A Campbell diagram, in which the excitation sources caused by the mass unbalance of the rotors and the transmitted errors of the gearing are considered, shows that, at theoperating speed, there are not the critical speed.

• The Korean Journal of Financial Management
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• v.9 no.1
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• pp.223-262
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• 1992

This paper develops a theory of the demand for insurance. The present model incorporates insurance demand time value of insurance premium, and demand for listless and risky assets simultaneously within the expected utility framework. For a special case of CARA, an insurance decision can be made separately from other portfolio decisions. However, in general, the interactions of both decisions cannot be ignored even when insurable and speculative risks are stochastically independent. In particular, the role of risky investment in hedging insurable risk is demonstrated and it is shown that this role cannot be duplicated by an insurance contract. When the investment decision is made simultaneously with the insurance decision, some of the classic theory on insurance should be modified. As an example, the authors characterize the sufficient conditions, under which the Bernoulli criteria (without and with premium loadings) hold or are violated in terms of the net gain of risky investment, the net cost of insurance, and the stochastic relationship between insurable and speculative risks. The authors interpret the results using the Rothschild and Stiglitz's (1970) notion of 'increase in riskiness'.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.34 no.5
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• pp.135-143
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• 2022

Rock platforms and TTP (breakwater) are dangerous environments commonly subject to tidal and high wave energy on the open coast. This paper is a study on risk assessment to provide risk information, which is a representative method for preventing coastal safety accidents. Risk assessment based on geo-morphological information was conducted for the Halmi-Halabi rock platform in Anmyeon-eup, Taean-gun, Chungcheongnam-do. As a result of the risk assessment in 16 directions, the risk was evaluated high in the NE, ENE, S, SSW, and W directions, where there are many sections with slopes exceeding ±20°, and the NW direction was the lowest. Geo-morphology on rock platform is central to understanding what makes one stretch of complex coastline more hazardous than another, and it can be used to create site-specific morphological risk item. In particular, it will be assisting coastal managers in an effort to reduce the number of injuries and drowning incidents by providing hazard information to assess the relative risk.

• The Journal of the Korea Contents Association
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• v.21 no.11
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• pp.320-332
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• 2021

This paper investigates the influence of stock-level left-tail risk, which is defined using Value-at-Risk(VaR) estimates of past one-year daily stock returns, in the expected stock returns in the Korean stock market. Our results are summarized as follows: First, monthly-constructed zero-cost portfolios that buy (shortsell) the highest (lowest) left-tail risk decile in the previous month exhibit an average monthly return (called left-tail risk premium) of -2.29%. Second, Fama-MacBeth cross-sectional regressions suggest that left-tail risk in the previous month shows significant and negative explanatory power over return in this month, after controlling for various firm characteristics such as firm size, B/M, market beta, liquidity, maximum daily return, idiosyncratic volatility, and skewness. Third, the stocks with larger recent month loss have lower returns in the next month. Fourth, the magnitude of left-tail risk premium is negatively related with lagged market-level volatility. These results support the hypothesis from a perspective of behavioral finance that the overpricing of stocks with left-tail risk is attributed to the investors' underreaction to it.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2012.05a
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• pp.663-666
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• 2012

Since September 30 2011, depending on Personal Information Protection Act article 29 and Act standard securing personal information safety the fifth clause of article 7, in case personal information manager of public and private enterprise saves unique indentifying information to internal network, the manager can enforce that decide checking of cryptographic application and a range of application following risk analysis criteria result. Until December 31 2012, enterprises complete the application of cryptographic technology or the equivalent. The paper is research and development on supporting tool that suggest risk analysis criteria based on personal information risk analysis criteria that be provided by MOPAS(Ministry Of Public Administration and Security) and KISA(Korea Internet Security Agency) for personal information processing.

• Journal of the Korean Society for Nondestructive Testing
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• v.29 no.2
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• pp.162-170
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• 2009

As one of promising solutions to overcome high oil price and energy crisis, the construction market of high value-added LNG plants is spotlighted world widely. The purpose of this manuscript is to introduce domestic activities to develop risk assessment technology against overseas monopolization. After analyzing relevant specific features and their technical levels, risk assessment program, non-destructive reliability evaluation strategy and safety criteria unification class are derived as core technologies. These IT-based convergence technologies can be used for enhancement of LNG plant efficiency, in which the modular parts are related to a system with artificial optimized algorithms as well as diverse databases of facility inspection and diagnosis fields.

• Journal of Convergence for Information Technology
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• v.11 no.8
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• pp.84-91
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• 2021

In the 21st century, a number of storm and flood disasters caused by rapidly changing climate change is increasing, and the number of flood accidents at construction sites is also increasing. However, no specific reduction measures have been presented and thereby safety management to prevent flood accident need to be improved. Therefore, in this study, the inundation pattern by downpour at the excavation site was interpreted and the inundation risk quantification method was used to classify the risk magnitude. Finally, using the fish-bone diagram, we derived the major reasons of inundation accident at construction site systematically. The simulation results showed that the inundation depths of small-scale excavation sites and excavation sites exceeded 3 m due to the fluid flowing through the excavation surface. In addition, depending on the excavation site, a high velocity temporarily observed and decreased due to the storage effect, or high velocity surpassing 10 m/s continued. Since this type of flooding can pose a risk to most or all workers, if proper management measures are insufficient, fatal damage to life and property could occur. Consideration of the roots of these disasters is judged to be helpful in understanding the causes of inundation accidents that result in casualties and presenting accident reduction measures.

• Transactions of the Korean Society of Mechanical Engineers A
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• v.37 no.12
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• pp.1483-1487
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• 2013

Water injection pump outputs oil with high pressure during this process, seawater is injected into the well to recover the well pressure and maintain high productivity. A water injection pump has high productivity, and therefore, it serves as a key piece of equipment in marine plants. In this light, water injection pumps are being studied widely in industry. In this study, the rotor dynamics is analyzed to determine the natural frequency according to the bearing stiffness and operation speed change. This study aims to establish the pump reliability through critical speed, stability, and unbalance response analysis.

• Journal of Navigation and Port Research
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• v.31 no.8
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• pp.653-662
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• 2007

Fishing vessel insurance of National Federation of Fisheries Cooperatives indemnifies the assured against marine losses by reason of maritime perils, that is to say, perils of the seas, sinking, stranding, collision, extraordinary action of winds waves and fire, damage, salvage. Therefore this insurance is a rational protective measures for preserving fishermen's property by the exposure to maritime perils. But there may be some problems on the perils covered by fishing vessel insurance clauses bemuse these clauses are not clearly and accurately prescribed in part. Especially where the assured may claim payment from fortuitous accidents or casualties of the seas musing the loss, they used to raise a question in argument about the ambiguity of these clauses. So these problems may need to be reformed for the purpose of preventing or decreasing those of the assured, the fishermen. After drawing out some problems on the perils covered by fishing vessel insurance clauses, this thesis will suggest the improving schemes on the perils covered by these clauses.

• The Korean Journal of Air & Space Law and Policy
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• v.20 no.1
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• pp.45-85
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• 2005

The purpose of this paper is to examine the concept of "accident" under the Warsaw system including the Warsaw Convention for the Unification of certain Rules for International Carriage by Air of 1929 and the Montreal Convention of 1999. Most leading case on this subject is Air France v. Saks(470 U.S. 392 (1985)). In the Saks case, it was held that the definition of an accident must be applied flexibly, and most courts have adhered to the definition of accident in Saks case, the application of accident has been less than consistent. However, most cases have held that if the event is usual and expected operation of the aircraft, then no accident has occurred. Courts have also held that where the injury results from passenger's own internal reaction to the usual, normal, and expected operations of the aircraft, it is not caused by an accident. As the Warsaw drafters intended to create a system of liability rules that would cover all hazards of air travel, the carrier should liable for the inherent risks of air travel. It is right in that the carrier is in a better position than the passenger to control the risks during air travel. Most US courts have held that carriers are not liable for one passenger's assault on the other passenger. The interactions between passengers are not part of the normal operations of the aircraft and are therefore not covered by the word "accident" under Art 17 of the Warsaw Convention. It is regretful that the Montreal Convention did not attempt to clarify the concepts of accident in itself. In the light of an emerging tendency to hold the air carrier liable for occurrences that do not exactly go to the operation of the aircraft, it is desirable to regulate that the carrier is liable for an "event" instead of an "accident" in accordance with the Guatemala City protocol.