• Title/Summary/Keyword: Loss of Chance

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Reducing the Non Grinding Time in Grinding Operations(2nd report) -Decision of Dressing Chance and Depth by the Direct Measurement of Grinding Wheel Surface- (연삭가공에 있어 비가공 시간 단축에 관한 연구(II))

  • KIM, Sun Ho;AHN, Jung-Hwan
    • Journal of the Korean Society for Precision Engineering
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    • v.14 no.8
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    • pp.101-107
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    • 1997
  • In general, grinding is one of the final machining processes which determines the surface quality of machined products. Since the ground surface is affected by the states of grains and voids on the grinding wheel surface, the wheel should be dressed before the machined surface deteriorates over a quality limit This paper describes a systematic approach to decide a proper dressing chance and an optimal dressing depth for the working grinding wheel. An eddy current sensor and a laser displacement sensor are used to measure the loading on the working wheel surface and the topography of the dressed wheel surface respec- tively. The dressing chance can be properly decided through the relational locus between the amount of handing and the machined surface roughness. An optimal dressing depth to guarantee the less wheel loss and the higher wheel surface quality is decided through the analysis of the variance of topography for the dressed wheel surface, which decreases at three different rates according to the accumulated dressing depth.

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A Study on the Scope of Claimable Loss for Damage: Focused on the CISG and the PICC (국제상거래에서 손해배상청구가 가능한 손해의 범위: CISG와 PICC를 중심으로)

  • Cho, Hyun-Sook
    • Korea Trade Review
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    • v.43 no.4
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    • pp.51-68
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    • 2018
  • This study examined the scope of damages resulting from types of loss under the CISG and the PICC(2016). The CISG and PICC stipulate the rights of aggrieved parties to recover losses under the full compensation principle, but the PICC features more specific provisions regarding damages compared to the CISG. Therefore the PICC might provide practical insight resolving problems concerning damages under the CISG. There are direct and incidental losses, consequential losses, lost profit, and loss of chance that can be claimed by aggrieved parties under the CISG or the PICC but the scope of claimable losses differs by cases. For example, even though there are no specific clauses in the CISG or the PICC, some losses might include based on the requisite of damage under CISG or PICC. Therefore, it is important to know standards in which losses are covered by these agreements. In conclusion, related parties who engage in international trade should understand the requisite and limitation of damages, and need to clearly define specific losses that might not be governed under the CISG or the PICC.

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Design of Robust Expected Loss Control Chart (로버스트 기대손실 관리도의 설계)

  • Lee, Hyeung-Jun;Chung, Young-Bae
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.39 no.3
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    • pp.10-17
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    • 2016
  • Control Chart is a graph which dots the characteristic values of a process. It is the tool of statistical technique to keep a process in controlled condition. It is also used for investigating the state of a process. Therefore many companies have used Control Chart as the tool of statistical process control (SPC). Products from a production process represent accidental dispersion values around a certain reference value. Fluctuations cause of quality dispersion is classified as a chance cause and a assignable cause. Chance cause refers unmanageable practical cause such as operator proficiency differences, differences in work environment, etc. Assignable cause refers manageable cause which is possible to take actions to remove such as operator inattention, error of production equipment, etc. Traditionally ${\bar{x}}-R$ control chart or ${\bar{x}}-s$ control chart is used to find and remove the error cause. Traditional control chart is to determine whether the measured data are in control or not, and lets us to take action. On the other hand, RNELCC (Reflected Normal Expected Loss Control Chart) is a control chart which, even in controlled state, indicates the information of economic loss if a product is in inconsistent state with process target value. However, contaminated process can cause control line sensitive and cause problems with the detection capabilities of chart. Many studies on robust estimation using trimmed parameters have been conducted. We suggest robust RNELCC which used the idea of trimmed parameters with RNEL control chart. And we demonstrate effectiveness of new control chart by comparing with ARL value among traditional control chart, RNELCC and robust RNELCC.

The effect of self-regulatory focus on loss aversion when gain and loss between possession and valence compete (소유와 유인가의 득과 실이 경쟁할 때 자기조절초점이 손실회피에 미치는 효과)

  • Lee, Byung-Kwan;Lee, Guk-Hee
    • Science of Emotion and Sensibility
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    • v.17 no.4
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    • pp.101-108
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    • 2014
  • The study of loss aversion has progressed. Specifically, Brenner et al. (2007) distinguished between possession loss aversion (PLA) and valence loss aversion (VLA) and explained PLA is the loss of cash or spot goods (money, apartment) and that VLA is the loss of tentative value (opportunity of oversea study, coupon). Also, they explored how the tendency of loss aversion was different between when possession loss was salience and when valence loss was outstanding. But, in our everyday life, it is more common that people face some economic situation where the gain and loss between possession and valence are competing. And, in this situation, they usually choose a better option based on their ordinary mind-set or self-focus rather than on which option has more benefit. Therefore, present research is that whether the tendency of loss aversion is different based on one's ordinary self-focus. Concretely, after priming promotion focus vs. prevention focus, participants should decide whether present occupation changes or not when gain and loss between possession and valence compete (income increase but oversea study chance decrease or income decrease but oversea study chance increase). As a result, there are more rate of changing job in promotion focusing condition than prevention focusing condition based on positive change irrespective of possession or valence. This result can have implication for marketing, consumer and advertisement psychology.

Optimal Var allocation in System planning by Stochastic Linear Programming(II) (확률선형 계획법에 의한 최적 Var 배분 계뵉에 관한 연구(II))

  • Song, Kil-Yeong;Lee, Hee-Yoeng
    • Proceedings of the KIEE Conference
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    • 1989.11a
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    • pp.191-193
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    • 1989
  • This paper presents a optimal Var allocation algorithm for minimizing power loss and improving voltage profile in a given system. In this paper, nodal input data is considered as Gaussian distribution with their mean value and their variance. A stochastic Linear Programming technique based on chance constrained method is applied to solve the probabilistic constraint. The test result in IEEE-14 Bus model system showes that the voltage distribution of load buses is improved and the power loss is more reduced than before Var allocation.

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A Study on Risk Management of Bill of Lading in International Trade Transaction (국제무역거래에서 선하증권의 위험관리에 관한연구)

  • Han, Nak-Hyun
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.37
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    • pp.187-216
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    • 2008
  • Risk regarding the possibility of loss can be especially problematic. If a loss is certain to occur, it may be planned for in advance and treated as a definite, known expense. It is when there is uncertainty about the occurrence of a loss that risk becomes an important problem. The word risk is often used in connection with insurance. No one generally accepted definition of risk exists, however. Of the many definitions, two distinctive ones are commonly used. One defines risk as the variation in possible outcomes of an event based on chance. That is, the greater the number of different outcomes that may occur, the greater the risk. Another way of expressing this concept is to state: The greater the variation around an average expected loss, the greater the risk. The second definition of risk is the uncertainty concerning a possible loss. The definition of risk as a useful one because it focuses attention on the degree of risk in given situations. The degree of risk is a measure of the accuracy with which the outcome of an event based on chance can be predicted. For now, it will serve our purpose to note the more accurate the prediction of the outcome of an event based on chance, the lower the degree of risk. After sources of risks are identified and measured, a decision can be made as to how the risk should be handled. A pure risk that is not identified does not disappear, the business merely loses the opportunity to consciously decide on the best technique for dealing with that risk. The process used to systematically manage risk exposures is known as risk management. Some persons use the term risk management only in connection with businesses, and often the term refers only to the management of pure risks. In this sense, the traditional risk management goal has been to minimize the cost of pure risk to the company. But as firms broaden the ways that they view and manage many different types of risk, the need for new terminology has become apparent. The terms integrated risk management and enterprise risk management reflect the intent to manage all forms of risk, regardless of type. International trade transaction is called between countries has features of globalism, cultural gap, long distance and long terms for the transaction. It is riskier than domestic transaction has its specific risks, such as foreign exchange risk and political risk, and requires various active risk management skills. Risks in relation to the international trade transaction are the contract risk, transit risk and payment risk, etc. The risk management in relation to the international trade transaction is to identify and measure these risks. The purpose of this study is to analyse the practical problems and its solution plan by analyzing various cases related to the risk management of bill of lading in the international trade transaction.

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Valuation of Irrigation Water: A Chance-Constrained Programming Approach (확률제약 계획모형법을 이용한 농업용수의 경제적 가치 평가)

  • Kwon, Oh-Sang;Lee, Tae-Ho;Heo, Jeong-Hoi
    • Journal of Korea Water Resources Association
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    • v.42 no.4
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    • pp.281-295
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    • 2009
  • This study estimates the value of irrigation water in Korea using an economic programming model that is constructed with all the resource endowment constraints, technology restrictions and policy variables. The variability and uncertainty of water resource endowment are incorporated into the model through the chance-constrained technique. Solving the profit maximization problems with gradually reduced water endowments, we derive a series of shadow values of irrigation water. It has been found that uncertainty in water supply raises the damage from water loss, and the marginal damage increases in water loss.

Adhesive Silicone Gel Sheet for Treatment of Nailbed Injury (손톱바닥 치료를 위한 부착형 실리콘 겔 시트의 유용성)

  • Kim, Eui Sik;Hwang, Jae Ha;Kim, Kwang Seog
    • Archives of Plastic Surgery
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    • v.33 no.1
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    • pp.107-112
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    • 2006
  • If autogenous nail is lost in nail bed injuries, alternative effective nail bed protection material is questionable in postoperative follow up period. The conventional modality with autogenous nail coverage have several disadvantages such as drawback of maintenance, higher chance of loss and complex dressing step (eg. ointment apply for humidification and nail fixation using tape or bandage). So, we have studied the usefulness of adhesive silicone gel sheet for alternative nail bed protection material until the end of nail regeneration. From March 2003 to July 2004, we have experienced 215 traumatic nail bed injuries except fingertip loss. Among these patient, we classified two groups, 30 cases with autogenous nail protection(Group I) and 30 cases with adhesive silicone gel sheet protection(Group II). Mean full nail growth time was 3.6 months in group I and 3.8 months in group II. Mean final nail appearance score(0: poor, 4: excellent) was 3.0 in group I and 3.5 in group II. Adhesive silicone gel sheet protection(Group II) was slightly superior to the autogenous nail protection in final appearance, especially sterile matrix laceration. In conclusion, we believe that adhesive silicone gel sheet application is a simple, acceptable, alternative method for protecting nail bed with loss of autogenous nail. It has a number of advantages compared with autogenous nail such as better humidification, controllable hygiene, less pain, less hospitalization, less frequent visit, less chance of loss, avoiding complex dressing step and more even pressure with adhesiveness, flexibility and durability.

Standardization of a Graft Inoculation Method for the Screening of Mungbean Germplasm against Mungbean yellow mosaic virus (MYMV)

  • Akhtar, Khalid Pervaiz;Ahsanul Haq, M.
    • The Plant Pathology Journal
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    • v.19 no.5
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    • pp.257-259
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    • 2003
  • This report described a simple, inexpensive, faster, and effective graft inoculation method for the artificial transmission of Mungbean yellow mosaic virus (MYMV). Success of grafting and disease transmission was 100% in this method. Screening of mungbean germplasm using this method will prevent the chance of escape infection, probably as a consequence of non-preference mechanism and loss of vector infectivity. The grafting method described here is applicable to both screenhouse and field trials.

Optimal Var Allocation in system planning by stochastic Linear Programming (확률 선형 계획법에 의한 최적 Var 배분 계획에 관한 연구)

  • Song, Kil-Yeong;Lee, Hee-Yeong
    • Proceedings of the KIEE Conference
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    • 1988.07a
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    • pp.863-865
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    • 1988
  • This paper presents a optimal Var allocation algorithm for minimizing transmission line losses and improving voltage profile in a given system. In this paper, nodal input data is considered as Gaussian distribution with their mean value and their variance. A Stocastic Linear programming technique based on chance constrained method is applied, to solve the var allocation problem with probabilistic constraint. The test result in 6-Bus Model system showes that the voltage distribution of load buses is improved and the power loss is more reduced than before var allocation.

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