• Journal of Intelligence and Information Systems
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• v.7 no.2
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• pp.83-93
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• 2001

Prediction of corporate failure using past financial data is well-documented topic. Early studies of bankruptcy prediction used statistical techniques such as multiple discriminant analysis, logit and probit. Recently, however, numerous studies have demonstrated that artificial intelligence such as neural networks (NNs) can be an alternative methodology for classification problems to which traditional statistical methods have long been applied. Although numerous theoretical and experimental studies reported the usefulness or neural networks in classification studies, there exists a major drawback in building and using the model. That is, the user can not readily comprehend the final rules that the neural network models acquire. We propose a genetic algorithms (GAs) approach in this study and illustrate how GAs can be applied to corporate failure prediction modeling. An advantage of GAs approach offers is that it is capable of extracting rules that are easy to understand for users like expert systems. The preliminary results show that rule extraction approach using GAs for bankruptcy prediction modeling is promising.

• Journal of Intelligence and Information Systems
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• v.15 no.4
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• pp.99-121
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• 2009

Recently, there have been many studies that predict corporate bankruptcy using data mining techniques. Although various data mining techniques have been investigated, some researchers have tried to combine the results of each data mining technique in order to improve classification performance. In this study, we classify 4 types of data mining techniques via their characteristics and select representative techniques of each type then combine them using a genetic algorithm. The genetic algorithm may find optimal or near-optimal solution because it is a global optimization technique. This study compares the results of single models, typical combination models, and the proposed integration model using the genetic algorithm.

• Bulletin of Korea Environmental Preservation Association
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• s.397
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• pp.60-61
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• 2012

• 한국공간정보시스템학회:학술대회논문집
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• 2005.11a
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• pp.147-153
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• 2005

폐기물의 처리과정을 발생부터 최종 처리까지 처리경로를 확인하여 적정하고 투명한 처리를 도모하기 위해 폐기물의 배출에서부터 최종처리까지의 과정을 실시간 확인할 수 있는 Web 기반의 폐기물 적법처리 입증정보시스템을 구축하였다. 그러나 위치적으로 고정적인 폐기물 배출자 및 처리자와는 달리 양자간에 움직이며 폐기물을 실질적으로 이동하는 폐기물 운반차량의 관리에 대한 한계가 제기되고 있다. 이러한 폐기물 운반차량의 부실관리는 운반차량의 불법적인 투기 및 부실운반 사례로 이어져, 폐기물의 방치로 인한 환경오염을 초래하게 된다. 이러한 문제점을 해결하고자 국내의 실정에 맞는 GPS를 이용한 위치추적시스템을 구축하여 폐기물운반차량관리를 할 수 있는 시스템구축의 필요성이 제기되고 있다. 본 연구에서는 국내 도로데이터 구축현황, 시스템 구축방법 등 국내 실정에 맞는 폐기물 운반차량 위치추적시스템 구축에 대한 방법에 대한 연구를 수행하였다.

• Journal of Intelligence and Information Systems
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• v.21 no.4
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• pp.111-131
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• 2015

There are only a handful number of research conducted on pattern analysis of corporate distress as compared with research for bankruptcy prediction. The few that exists mainly focus on audited firms because financial data collection is easier for these firms. But in reality, corporate financial distress is a far more common and critical phenomenon for non-audited firms which are mainly comprised of small and medium sized firms. The purpose of this paper is to classify non-audited firms under distress according to their financial ratio using data mining; Self-Organizing Map (SOM). SOM is a type of artificial neural network that is trained using unsupervised learning to produce a lower dimensional discretized representation of the input space of the training samples, called a map. SOM is different from other artificial neural networks as it applies competitive learning as opposed to error-correction learning such as backpropagation with gradient descent, and in the sense that it uses a neighborhood function to preserve the topological properties of the input space. It is one of the popular and successful clustering algorithm. In this study, we classify types of financial distress firms, specially, non-audited firms. In the empirical test, we collect 10 financial ratios of 100 non-audited firms under distress in 2004 for the previous two years (2002 and 2003). Using these financial ratios and the SOM algorithm, five distinct patterns were distinguished. In pattern 1, financial distress was very serious in almost all financial ratios. 12% of the firms are included in these patterns. In pattern 2, financial distress was weak in almost financial ratios. 14% of the firms are included in pattern 2. In pattern 3, growth ratio was the worst among all patterns. It is speculated that the firms of this pattern may be under distress due to severe competition in their industries. Approximately 30% of the firms fell into this group. In pattern 4, the growth ratio was higher than any other pattern but the cash ratio and profitability ratio were not at the level of the growth ratio. It is concluded that the firms of this pattern were under distress in pursuit of expanding their business. About 25% of the firms were in this pattern. Last, pattern 5 encompassed very solvent firms. Perhaps firms of this pattern were distressed due to a bad short-term strategic decision or due to problems with the enterpriser of the firms. Approximately 18% of the firms were under this pattern. This study has the academic and empirical contribution. In the perspectives of the academic contribution, non-audited companies that tend to be easily bankrupt and have the unstructured or easily manipulated financial data are classified by the data mining technology (Self-Organizing Map) rather than big sized audited firms that have the well prepared and reliable financial data. In the perspectives of the empirical one, even though the financial data of the non-audited firms are conducted to analyze, it is useful for find out the first order symptom of financial distress, which makes us to forecast the prediction of bankruptcy of the firms and to manage the early warning and alert signal. These are the academic and empirical contribution of this study. The limitation of this research is to analyze only 100 corporates due to the difficulty of collecting the financial data of the non-audited firms, which make us to be hard to proceed to the analysis by the category or size difference. Also, non-financial qualitative data is crucial for the analysis of bankruptcy. Thus, the non-financial qualitative factor is taken into account for the next study. This study sheds some light on the non-audited small and medium sized firms' distress prediction in the future.

• Bulletin of Korea Environmental Preservation Association
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• s.405
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• pp.12-15
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• 2013

환경오염사고는 대부분이 화학물질과 관련되어 있다. 화학물질사고는 갑자기 일어나는 것처럼 보이지만, 내면을 보면 대부분의 사고는 오랫동안 반복적인 작업이 진행되면서 느슨해진 안전관리와 관리부실 때문에 일어난다.

• The tire
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• s.211
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• pp.3-14
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• 2002

해마다 300건 이상 타이어와 관련한 소비자상담이 한국소비자보호원에 접수되는데, 피해구제 분석결과 대부분 공기압 부족 등 타이어 관리부실이 원인인 것으로 나타났다. 이에 대한 사고예방 정보를 제공하기 위해 한국소비자보호원에서는 운전자의 타이어 공기압 관리실타와 이와 관련된 타이어 특성시험을 실시했다.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.9 no.1
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• pp.119-132
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• 2014

This study analyzed the failure prediction model of the firms listed on the KOSDAQ by considering whether there are embezzlement, malpractice and the largest shareholder changes or not. This study composed a total of 166 firms by using two-paired sampling method. For sample of failed firm, 83 manufacturing firms which delisted on KOSDAQ market for 4 years from 2009 to 2012 are selected. For sample of normal firm, 83 firms (with same item or same business as failed firm) that are listed on KOSDAQ market and perform normal business activities during the same period (from 2009 to 2012) are selected. This study selected 80 financial ratios for 5 years immediately preceding from delisting of sample firm above and conducted T-test to derive 19 of them which emerged for five consecutive years among significant variables and used forward selection to estimate logistic regression model. While the precedent studies only analyzed the data of three years immediately preceding the delisting, this study analyzes data of five years immediately preceding the delisting. This study is distinct from existing previous studies that it researches which significant financial characteristic influences the insolvency from the initial phase of insolvent firm with time lag and it also empirically analyzes the usefulness of data by building a firm's fail prediction model which considered embezzlement/malpractice and the largest shareholder changes as dummy variable(non-financial characteristics). The accuracy of classification of the prediction model with dummy variable appeared 95.2% in year T-1, 88.0% in year T-2, 81.3% in year T-3, 79.5% in year T-4, and 74.7% in year T-5. It increased as year of delisting approaches and showed generally higher the accuracy of classification than the results of existing previous studies. This study expects to reduce the damage of not only the firm but also investors, financial institutions and other stakeholders by finding the firm with high potential to fail in advance.

• Proceedings of the Korean Association of Geographic Inforamtion Studies Conference
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• 2008.10a
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• pp.236-242
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• 2008

설계용역과 통합하여 발주되는 측량용역의 입찰 제도를 보면 계획기관에서 설계예산서를 작성하여 해당 부처 분임경리관을 경유하여 공개경쟁입찰 또는 입찰참가자격제도(PQ) 등으로 발주하게 된다. 이 과정에서 측량용역과 설계용역을 분리하지 않고 측량용역 비를 설계용역비에 통합예산으로 발주 처리하고 있어 측량회사는 설계용역사로부터 불법으로 하도급 받고 있다. 설계용역회사는 엔지니어링등록과 측량업(공공측량)을 동시에 등록하여 용역수주를 하므로 기술력이 부족한 측량용역을 당연히 저가하도급으로 처리하는 커다란 모순이 발생하고 있다. 따라서 저가하도급으로 인한 측량성과의 부실은 건설공사의 부실시공으로 이어져 커다란 공사비손실과 안전 및 유지관리에 큰 문제점을 야기하고 있다. 이와 같은 문제점을 해결하기 위하여 본 연구에서는 측량용역 등록업체의 현황 및 현행 발주제도 방법 등의 분석을 통하여 발주제도의 개선방안을 제안하고자 한다.

• Journal of Family Resource Management and Policy Review
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• v.23 no.2
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• pp.99-115
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• 2019

This study examined the insolvency likelihood of young debtors from the 2018 Household Financial and Welfare Survey. This study used the Household Default Risk Index (HDRI), which considers the ratio of total debt to total assets (DTA), and a total debt service ratio (DSR) to examine the insolvency level of debtors. The descriptive analyses showed no difference in frequency of households with a high probability of insolvency between those less than 35 years of age and those over 35 years of age. However, the median HDRI value for those less than 35 years of age was higher than those over 35 years of age. The multivariate analyses indicated that educational expenses for young Korean debtors was a factor that increased their probability of insolvency, while income was the only variable that decreased their insolvency likelihood.