• Title/Summary/Keyword: Operating risk

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Acceptance Sampling Plans in the Rayleigh Model

  • Baklizi Ayman;El-Masri Abedel-Qader;AL-Nasser Amjad
    • Communications for Statistical Applications and Methods
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    • v.12 no.1
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    • pp.11-18
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    • 2005
  • Assume that the life times of the units under test follow the Rayleigh distribution and the test is terminated at a pre assigned time. Acceptance sampling plans are developed for this situation. The minimum sample size necessary to ensure the specified average life are obtained and the operating characteristic values of the sampling plans and producer's risk are given. An example is given to illustrate the methodology.

The Effect of Performance of Non-Interest Operating Sector on Lending Business in Korea (은행의 대출사업에 미치는 비이자부문 영업성과의 영향력)

  • Seo, Ji-Yong
    • Journal of the Korean Data Analysis Society
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    • v.20 no.6
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    • pp.3037-3048
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    • 2018
  • This study tried to test the result of recent study reporting that there is no the effect of cross-subsidization by applying it to the Korean banks. Besides, the study also did the research to test the previous study that diversification toward non-interest operating sector is related with the motivation of reduction of bank risk. Main results are as follows. First, there is the effect of cross-subsidization between non-interest operating sector and interest one. The higher non-interest profit to total asset is, the lower loan growth and provision to total loan are. Second, the effect of cross-subsidization is related with the fee revenue to operating revenue rather than the fiduciary revenue to operating revenue because high fee revenue results in shrinking the lending business. Third, diversification toward non-interest sector is associated with reducing risk, and risk is not increased when the high performance of non-interest sector is occurred. This evidence is not line with DeYoung, Torna (2013) arguing that non-interest operating activities lead to increasing risk. Finally, Korean banks have to expand the activities in non-interesting sector focusing on boosting fee revenue to increase the effect of cross-subsidization against the possibility of cutting net interest margin.

Risk-Informed Optimization of Operation and Procedures for Korea Research Reactor (리스크정보 최적화를 통한 국내 연구용원자로의 안전성 향상)

  • Lee, Yoon-Hwan;Jang, Seung-Cheol
    • Journal of the Korean Society of Safety
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    • v.37 no.2
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    • pp.43-53
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    • 2022
  • This paper describes an attempt to improve and optimize the operational safety level of a domestic research reactor by conducting a probabilistic safety assessment (PSA) under full-power operating conditions. The PSA was undertaken to assess the level of safety at an operating research reactor in Korea, to evaluate whether it is probabilistically safe and reliable to operate, and to obtain insights regarding the requisite procedural and design improvements for achieving safer operation. The technical objectives were to use the PSA to identify the accident sequences leading to core damage, and to conduct sensitivity analyses based thereon to derive insights regarding potential design and procedural improvements. Based on the dominant accident sequences identified by the PSA, eight types of sensitivity analysis were performed, and relevant insights for achieving safer operation were derived. When these insights were applied to the reactor design and operating procedure, the risk was found to be reduced by approximately ten times, and the safety was significantly improved. The results demonstrate that the PSA methodology is very effective for improving reactor safety in the full-power operating phase. In particular, it is a highly suitable approach for identifying the deficiencies of a reactor operating at full power, and for improving the reactor safety by overcoming those deficiencies.

The Study of Risk Matrix Development for Urban Metro EMU (도시철도차량 적용을 위한 위험도 매트릭스 개발에 관한 연구)

  • Kim, Young-Sang
    • Journal of the Korean Society of Safety
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    • v.26 no.6
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    • pp.111-117
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    • 2011
  • Risk-based railway safety management has been mandatory in Korea as by relevant laws and regulations enacted since the Railway Safety Act 2004. In particular, the Railway Vehicle Safety Guidance came into effect on Jan 1, 2008 specifies the details of methodology for hazard analysis, risk assessment and safety verification and validation. Fundamentals for success of the risk-based safety management are systematic hazard identification and risk assessment by use of reasonable risk assessment criteria, but the principle of risk-based safety management has not been applied in an effective way to introduction and maintenance of railway vehicle systems because definite risk assessment criteria have not been set down for each railway system or railway network. The purpose of this study is to suggest a risk matrix development principle for risk assessment of domestic urban metro vehicles by analyses of relevant rules and railway operating environment of Korea.

Assessment of Thermal Hazard on Esterification Process in Manufacture of Concrete Mixture Agents by Multimax Reactor System (Multimax Reactor System을 이용한 시멘트 혼화제 제조시 에스테르화공정의 열적 위험성 평가)

  • Han, In-Soo;Lee, Keun-Won;Pyo, Don-Young
    • Journal of the Korean Society of Safety
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    • v.24 no.5
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    • pp.13-20
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    • 2009
  • The risk assessment of thermal hazard to identify chemical or process hazard during early process developments have been considered. The early identification of thermal hazards associated with a process, such as rapid heats of reaction, exothermic decompositions, and the potential for thermal runaways before any large scale operations are undertaken. This paper presents to evaluate the safe operating parameters/envelope for exist plant operations. The assessment of thermal hazard with operating conditions such as amount of process materials, inhibitor, and catalyst on esterification process in manufacture of concrete mixture agents are described. The experiments were performed by a sort of calorimetry with the Multimax reactor system as a screening tool. The aim of the study was to evaluate the thermal risk of process material and mixture in terms of safety security to be practical applications in esterification process. It suggested that we should provide the thermal hazard of reaction materials to present safe operating conditions with cause of accident through this study.

Comparison of the Pediatric Balance Scale and Fullerton Advanced Balance Scale for Predicting Falls in Children With Cerebral Palsy

  • Kim, Gyoung-mo
    • Physical Therapy Korea
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    • v.23 no.4
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    • pp.63-70
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    • 2016
  • Background: The Pediatric Balance Scale (PBS) and the Fullerton Advanced Balance (FAB) scale were used to assess balance function in patients with balance problem. These multidimensional clinical balance scales provide information about potential risk factors for falls. Objects: The purpose of this study was to investigate and compare the predictive properties of the PBS and FAB scales relative to fall risk in children with cerebral palsy (CP) using a receiver operating characteristic analysis. Methods: In total, 49 children with CP (boy=21, girl=28) who were diagnosed with level 1 or 2 according to the Gross Motor Function Classification System participated in this study. The PBS and FAB were performed, and verified cut-off score, sensitivity, specificity, and the area of under the curve (AUC). Results: In this study, the PBS scale was as a predictive measure of fall risk, but the FAB was not significant in children with CP. A cut-off score of 45.5 points provided optimal sensitivity of .90 and specificity of .69 on the PBS, and a cut-off score of 21.5 points provided optimal sensitivity of .90 and specificity of .62 on the FAB. Both scales showed moderately accurate of AUC with .79 and .76, respectively. Conclusion: The PBS is a useful screening tool for predicting fall risk in children with cerebral palsy, and those who score 45.5 or lower indicate a high risk for falls and are in need of balance intervention.

A Study on the Risk-Management Based of Relief Train Operation (위험통제기반의 구원열차운전에 관한 연구)

  • Jeon, Young Seok;Lee, Hi Sung
    • Journal of the Korean Society of Safety
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    • v.29 no.4
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    • pp.191-198
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    • 2014
  • In the event of continued train operation being impossible as the result of a breakdown, it will be essential to dispatch a relief train to recover the broken down train. Operation of relief train carries with the risk of collision in the process of connection with broken down train. The present study looks at the suitability of risk management procedures and associated problems in the light of case studies of relief train operation, and of national legal standards and railroad company regulations. It looks at appropriate methods of risk management and the problems that can arise. Based on the study a method is proposed of operating the relief train which is consistent with appropriate risk management. The proposed method will improve the safety of relief train operation, It is hoped that the results of the study will be reflected in relevant laws and operating company regulations, and so contribute to enhancing the overall level of railroad safety.

Receiver operating characteristic curve analysis of the timed up and go test as a predictive tool for fall risk in persons with stroke: a retrospective study

  • Lim, Seung-yeop;Lee, Byung-jun;Lee, Wan-hee
    • Physical Therapy Rehabilitation Science
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    • v.7 no.2
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    • pp.54-60
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    • 2018
  • Objective: Persons with chronic stroke fall more often than healthy elderly individuals. The Timed Up and Go test (TUG) is used as a fall prediction tool, but only provides a result for the total measurement time. This study aimed to determine the optimal cut-off values for each of the 6 components of the TUG. Design: Retrospective study. Methods: Thirty persons with chronic stroke participated in the study. TUG evaluation was performed using a wearable miniaturized inertial sensor. Sensitivity, specificity, and predictive values were calculated using the Receiver Operating Characteristic (ROC) curve analysis for the measured values in each section. Optimal values for fall risk classification were determined. Logistic regression analysis was used to investigate the risk of future falls based on TUG. Results: The cut-off values of the 6 sections of the TUG were determined, as follows: sit-to-stand >2.00 seconds (p<0.05), forward gait >4.68 seconds (p<0.05), mid-turn >3.82 seconds (p<0.05), return gait >4.81 seconds (p<0.05), end-turn >2.95 seconds (p<0.05), and stand-to-sit >2.13 seconds (p<0.05). The risk of falling increased by 2.278 times when the mid-turn value was >3.82 seconds (p<0.05). Conclusions: The risk of falls increased by 2.28 times when the value of the mid-turn interval exceeded 3.82 seconds. Therefore, when interpreting TUG results, the predictive accuracy for falls will be higher when the measurement time for each section is analyzed, together with the total time for TUG.

Extended Linear Vulnerability Discovery Process

  • Joh, HyunChul
    • Journal of Multimedia Information System
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    • v.4 no.2
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    • pp.57-64
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    • 2017
  • Numerous software vulnerabilities have been found in the popular operating systems. And recently, robust linear behaviors in software vulnerability discovery process have been noticeably observed among the many popular systems having multi-versions released. Software users need to estimate how much their software systems are risk enough so that they need to take an action before it is too late. Security vulnerabilities are discovered throughout the life of a software system by both the developers, and normal end-users. So far there have been several vulnerability discovery models are proposed to describe the vulnerability discovery pattern for determining readiness for patch release, optimal resource allocations or evaluating the risk of vulnerability exploitation. Here, we apply a linear vulnerability discovery model into Windows operating systems to see the linear discovery trends currently observed often. The applicability of the observation form the paper show that linear discovery model fits very well with aggregate version rather than each version.

Project Schedule Risk Assessment Based on Bayesian Nets (베이지안넷 기반의 프로젝트 일정리스크 평가)

  • Sung, Hongsuk;Park, Chulsoon
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.39 no.1
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    • pp.9-16
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    • 2016
  • The project schedule risk in the engineering and facility construction industry is increasingly considered as important management factor because the risks in terms of schedule or deadline may significantly affect the project cost. Especially, the project-based operating companies attempt to find the best estimate of the project completion time for use at their proposals, and therefore, usually have much interest in accurate estimation of the duration of the projects. In general, the management of projects schedule risk is achieved by modeling project schedule with PERT/CPM techniques, and then performing risk assessment with simulation such as Monte-Carlo simulation method. However, since these approaches require the accumulated executional data, which are not usually available in project-based operating company, and, further, they cannot reflect various schedule constraints, which usually are met during the project execution, the project managers have difficulty in preparing for the project risks in advance of their occurrence in the project execution. As these constraints may affect time and cost which role as the crucial evaluation factors to the quality of the project result, they must be identified and described in advance of their occurrence in the project management. This paper proposes a Bayesian Net based methodology for estimating project schedule risk by identifying and enforcing the project risks and its response plan which may occur in storage tank engineering and construction project environment. First, we translated the schedule network with the project risks and its response plan into Bayesian Net. Second, we analyzed the integrated Bayesian Net and suggested an estimate of project schedule risk with simulation approach. Finally, we applied our approach to a storage tank construction project to validate its feasibility.