• Journal of Electrical Engineering and Technology
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• 제9권3호
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• pp.789-795
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• 2014

In a demand response (DR) market run by independent system operators (ISOs), load aggregators are important market participants who aggregate small retail customers through various DR programs. A load aggregator can minimize the allocation cost by efficiently allocating its demand response resources (DRRs) considering retail customers' characteristics. However, the uncertain response behaviors of retail customers can influence the allocation strategy of its DRRs, increasing the economic risk of DRR allocation. This paper presents a risk-based DRR allocation method for the load aggregator that takes into account not only the physical characteristics of retail customers but also the risk due to the associated response uncertainties. In the paper, a conditional value-at-risk (CVaR) is applied to deal with the risk due to response uncertainties. Numerical results are presented to illustrate the effectiveness of the proposed method.

• 경영과학
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• 제33권3호
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• pp.105-117
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• 2016

In this paper, we present empirical testing result to examine the validity of inbound supply and outbound demand risk factors in the sense of early predicting the firm's bankruptcy risk level. The risk factors are drawn from industry uncertainty attributes categorized as uncertainties of input market (inbound supply), and product market (outbound demand). On the basis of input-output table, industry level inbound and outbound sectors are identified to formalize supply chain structures, relevant inbound and outbound uncertainty attributes and corresponding risk factors. Subsequently, publicly available macro-economic indicators are used to appropriately quantify these risk factors. Total 68 industry level bankruptcy risk forecasting results are presented with the average R-square scores of between 53.4% and 37.1% with varying time lag. The findings offers useful insights to incorporate supply chain risk to the body of firm's bankruptcy risk level prediction literature.

• 대한가정학회지
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• 제38권12호
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• pp.29-45
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• 2000

The purposes of this study were to determine what factors influence risk perceptions of females and males for milk produced using food-related biotechnology, to test whether risk perceptions or other factors influence self-protection actions and to estimate milk demand response in light of self-protection actions and other economic and demographic factors. The expected utility model was applied to explain the way consumers would take self-protection actions regarding risk perceptions and to drive milk demand. Telephone interviews were conducted and the data were collected from households(females=1,029, males=437) nationwide in the U.S. And the data were analyzed by Heckman two-step method using the software package LIMDEP. Risk perceptions were found to be influenced not by demographic factors but by outrage factors as well as attitudinal factors in both females and males, although some factors were different. In addition, risk perceptions and labeling availability were found to significantly influence self-protection actions in both groups. Furthermore, as an important concern in this study, self-protection action was found to significantly influence milk demand in only male group, implying a consistent behavior of males. Also milk price and household size were found to significantly influence milk demand in both groups. In fact, the results did demonstrate that labeling availability significantly influenced self-protection actions. That is, in markets where labeled laternatives were present, concerned consumers were more likely to self protect by substituting to these products. A policy implication of this result is that labeling food products produced using biotechnology enhances consumer choice. Hence, consumer could express a more accurate demand response and reduce the perceived food safety risk. Furthermore, education for females might be necessary to have a consistent behavior because self-protection action did not significantly influence female's milk demand, though they have greater risk perceptions than males have.

• Journal of Information Technology Applications and Management
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• 제22권2호
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• pp.201-217
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• 2015

In this paper, we report computational testing result to examine the validity of firm's bankruptcy risk estimation through quantification of supply chain risk. Supply chain risk in this study refers to upstream supply risk and downstream demand risk, To assess the firm's risk affected by supply chain risk, we adopt unit of analysis as industry level. since supply and demand relationships of the firm could be generalized by the industry input-output table and the availability of various valid economic indicators which are chronologically calculated. The research model to estimate firm's risk level is the linear regression model to assess the industry bankruptcy risk estimation of the focal firm's industry with the independent variables which could quantitatively reflect demand and supply risk of the industry. The publicly announced macro economic indicators are selected as the candidate independent variables and validated through empirical testing. To validate our approach, in this paper, we confined our research scope to steel industry sector and its related industry sectors, and implemented the research model. The empirical testing results provide useful insights to further refine the research model as the valid forecasting mechanism to capture firm's future risk estimation more accurately by adopting supply chain industry risk aspect, in conjunction with firm's financial and other managerial factors.

• 한국산학기술학회논문지
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• 제21권12호
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• pp.469-474
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• 2020

본 연구는 기존의 연구가 설명하지 못하는 저소득계층의 낮은 수요, 위험회피성향이 높을수록 낮은 수요를 보이는 점과 같은 소액보험의 특성을 건강보험에 관한 이론모형을 바탕으로 설명하고 있다. 특히 이러한 특성은 소득이 낮을 수록, 위험회피성향이 높을수록 보험 수요가 높다는 기존의 보험 이론과 배치되는 측면이 존재한다. 본 연구는 기존 1기간 모형에 비해 본 연구는 2기간 모형을 가정하고 있다. 그 결과 첫째, 기존 1기간 모형 하에서와 달리 소득의 감소가 언제나 질병 예방의 노력을 감소시킨다는 것을 보이고 있다. 둘째, 계리적으로 공정한 보험료 하에서 개인이 전부보험을 선택한다는 기존 연구결과와는 달리 소득이 낮은 경우 보험 수요가 낮아질 수 있다는 것을 보이고 있다. 셋째, 본 연구는 미래에 대한 전망이 개선될수록 보험 수요가 낮아질 수 있으며, 넷째, 위험회피성향이 증가할수록 보험수요가 증가해야 한다는 기존 연구결과와는 달리, 보험자에 대한 신뢰 부족 및 파산 우려가 큰 경우 위험회피성향이 증가할수록 보험수요가 오히려 낮아질 수 있다는 것을 이론적으로 증명하고 있다.

• 한국환경복원기술학회지
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• 제23권6호
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• pp.29-41
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• 2020

Wild pollinators provide important pollination services for crops. However, their geographical ranges and impact on pollination services have not been fully explored within the scope of Korean agricultural land. This study aims to identify spatial supply-demand mismatches across orchard fields in the context of assessing pollination service risk. We first used National Ecosystem Survey data and a species distribution model (MaxEnt) to develop the geographic range of each of 32 wild pollinators belonging to three families (Diptera, Hymenoptera, and Lepidoptera). We then summed the modeled presence probability of each species to obtain a measure of spatially explicit pollinator richness. This modeled richness, defined as pollination supply, was compared with the summed area of orchard fields at the municipal boundary level to identify areas with supply-demand mismatches. The study found that Lepidoptera showed the highest species richness (8.3±1.5), followed by Hymenoptera (4.3±0.8) and Diptera (3.5±0.8) species. Median orchard area was 1.5 ㎢ (range of 0-176.7 ㎢) among 250 municipal regions in South Korea. The municipal regions were divided into three categories (tertiles) of low, middle, and high pollination supply and demand according to, respectivley, average polliator richness and orhard area. Finally, we found that 55 municipal regions (accounting for 49% of national orchard land) potentially faced high risk of pollination deficits, 81 regions (48% of national orchard land) faced intermediate risk, and 63 regions faced low risk (3% of national orchard land). In conclusion, this study revealed significant mismatch between pollination supply and demand and developed risk assessment map will guide our future efforts on pollinator habitat conservation and monitoring to conserve crop pollination services.

• 대한안전경영과학회지
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• 제13권2호
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• pp.267-273
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• 2011

Since 'The Act on Private Investment of The Infrastructure' was established in 1994, private investment as well as government's investment in transport infrastructure has been active. However investment in transport infrastructure has more risks than others' due to uncertainty both in traffic volume and in construction cost. In the current appraisal procedure of deciding transportation infrastructure investment, instead of risk management, the sensitivity analysis considering only the changes of benefit, cost and social discount rate which are main factor affecting economic feasibility is carried out. Therefore the uncertainty of various factors affecting demand, cost and benefit are not considered in feasibility study. In this study the problems in current investment appraisal system were reviewed. Using Delphi technique the major factors which have high uncertainty in feasibility study were surveyed and then improvement plan was suggested in the respective of classic 4 step demand forecasting method. The range estimation technique was also mentioned to deal with the uncertainty of the future.

• 한국농공학회논문집
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• 제55권3호
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• pp.41-49
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• 2013

Drought risk assessment is usually performed qualitatively and quantitatively depending on the definition a drought. The meteorological drought indices have a limit of not being able to consider the hydrological components such as evapotranspiration, soil moisture and runoff, because it does not consider the water demand in paddies and water supply in reservoirs. Agricultural drought was defined as the reservoir storage shortage state that cannot satisfy water requirement from the paddy fields. The objectives of this study were to suggest improved agricultural drought risk assessment in order to evaluate of regional drought vulnerability and severity studied by using Reservoir Drought Index (RDI). The RDI is designed to simulate daily water balance between available water from agricultural reservoir and water requirement in paddies and is calculated with a frequency analysis of monthly water deficit based on water demand and water supply condition. The results indicated that RDI can be used to assess regional drought risk in agricultural perspective by comparing with the historical records of drought in 2012. It can be concluded that the RDI obtained good performance to reflect the historical drought events for both spatially and temporally. In addition, RDI is expected to contribute to determine the exact situation on the current drought condition for evaluating regional drought risk and to assist the effective drought-related decision making.

• 한국화재소방학회논문지
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• 제30권6호
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• pp.130-136
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• 2016

대학이 산업수요 맞춤형 인재양성 교육체계를 갖추어 나가기 위해서는 수요자의 입장에서 교육과정을 분석하고 개선해 나갈 필요가 있다. 이러한 취지에서 본 논문은 화재위험성 예측평가분야 교육과정의 전공 적합도를 평가하기 위해 소방관련 산업체 종사자를 대상으로 수요조사를 하였으며 그 결과를 토대로 기술통계분석, 요인분석, 군집분석 그리고 일원분산분석을 실시하였다. 분석 결과, 소방관련 산업체 종사자들은 화재위험성 예측평가 분야의 교육과정이 전공에 적합하다고 평가하였다. 그리고 화재위험성 예측평가분야의 교과목 중 전공기초과목과 전공공통과목의 필요성을 크게 인식하고 있었다. 이러한 분석결과는 향후 지속적으로 교육과정을 개선해 나가는데 기초자료로 활용할 계획이다.

• 대한교통학회지
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• 제35권4호
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• pp.360-373
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• 2017

국내 민간투자사업의 추진 방식 중 수익형 민간투자사업은 수요 위험이 존재하는 방식이다. 수요 위험이 현실화 될 경우 민간사업자는 예상보다 낮은 수입으로 인해 재무적인 어려움을 겪으며, 정부도 안정적인 사회기반시설 운영에 차질을 빚을 수 있다. 따라서 정부는 수요 위험에 따른 위험 분담 정책을 다양하게 적용해 오고 있다. 하지만 정부의 위험 분담은 수요의 불확실성으로 인한 정부의 우발채무이며, 실시협약의 문구로 표현되어 기존의 전통적인 사업평가 방식인 NPV 방식으로는 위험을 계량화 할 수 없다. 본 연구는 수요 위험 분담 정책의 하나로 2015년에 도입된 손익공유형 방식(BTO-a)을 대상으로 수요 위험을 고려한 정부의 투자위험 분담 가치를 산정하는데 목적을 두고 있다. 투자위험 분담은 금융에서의 옵션(option) 형태를 갖게 된다. 민간사업자는 수입이 감소했을 때 정부로 부터 보조금을 청구할 권리를 가지고 있으며, 반대로 정부는 일정 조건하에서 보조금을 지급할 의무를 가지고 있다. 본 연구에서는 Black-Scholes 옵션가격결정 모형을 활용하여 투자위험 분담의 가치추정 방법론을 정립하고 사례 사업을 통해 결과의 적정성을 살펴보았다. 사례 사업은 제안된 고속도로 민간투자사업을 대상으로 하였으며, 분석결과 투자위험 분담 가치는 약 120억원으로 추정되어 민간이 투자한 투자비의 약 4%를 차지하는 것으로 나타났다. 즉, 정부가 투자위험을 분담함으로써 120억원의 재정지원을 추가로 투입하는 효과로 볼 수 있다. 교통량 위험을 확률변수로 가정할 경우 사례사업에서 도출된 옵션가치는 평균이 122억원이고 표준편차는 36.7억원으로 도출되었다. 누적분포를 도출한 결과 90% 확률 구간의 옵션가치가 69억원에서 188억원의 범위에서 결정될 것으로 나타났다. 본 연구에서 제시한 방법은 미래수요의 불확실성하에서 정부와 민간사업자가 더 나은 위험 분석과 투자위험 분담에 대한 경제적인 가치를 이해하는데 도움을 줄 것으로 기대한다.