• Title/Summary/Keyword: Project risk

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Theoretical Background of Division of Role in Technology Financing Based on Uncertainty Implied in Industrial Technology Development (산업기술개발의 불확실성에 따른 금융지원의 역할분담에 관한 이론적 고찰)

  • 김선근
    • Journal of Technology Innovation
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    • v.5 no.1
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    • pp.206-222
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    • 1997
  • The conventional analysis with which justifies government intervention of the private sector's innovation activities is the market failure approach. According to such analysis, fund allocation through autonomous market mechanisms is not optimal in technology financing because of the disparity between the desirable level of investment for society as a whole and that for private firms. To optimize the fund allocation, public policies such as subsidy, preferencial loan and venture capital investment programs are designed for technology development projects performed by private firms. They, however, have not been effective in increasing private investment for such projects. In most cases, it was found that little considerations given to the relationship between uncertainty embodied in technology development projects and each types of financing. With respect to optimizing fund allocation, technology development projects should be financed by different means according to their probability of success and the expected value of technology. Employing various theoretical models on financing decision-making we verify here that technology development projects to be supported by commercial banks or venture capital institutions is limited contingent upon levels of uncertainty adn expected value. Under the assumption that financial institutions are risk averse, loan or investment can be available only if the probability of success of the project is higher than the probability premium and the current market rate of interest. Therefore, the projects that have lower probability of success and/or small expected return are excluded from commercial loan or investment programs. However, the remaining projects, whose probability of success is low but with high expected return, may be applied under government subsidy programs. To achieve optimality of fund allocation and to activate technology financing, we conclude that there should be a systematic division of role among financial institutions including government commercial banks, and venture capital institutions.

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Problematized obesity and standardization of treatment: Multiple translation in lapband surgery network (문제화된 비만과 치료의 표준화 과정: 랩밴드 수술 연결망에서의 다중번역)

  • Han, Gwang Hee;Kim, Byoung Soo
    • Journal of Science and Technology Studies
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    • v.13 no.2
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    • pp.137-172
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    • 2013
  • Globally, awareness about obesity is increasing rapidly. In Korea, obesity is recognized as a disease and steps are being taken to treat it. From the health governance point of view, such standardized measures amplify the risk of obesity and thus play an important part in the prevention of the disease. In this context, various obesity treatments act as a medium for the problem-solving process. In recent years, obesity surgery has been viewed as a rational solution to the problem of obesity. In the context of standardization of treatment, Callon's "Process of Translation" in STS theories highlights the importance of the central actor (Obligatory Passage Point; OPP). However, in the case of obesity, it is difficult to identify a single OPP to project different perspectives of an actor's needs. "Lapband surgery" often acts as a "boundary object" in this context. This article assesses this absence of central actors in the process of problem solving through a case study of adoption of Lapband surgery in Korea. Further, we attempt to suggest an analytical framework with a boundary object and multiple translation concepts to aid solving the problem of obesity.

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Pioneering Annual Colorectal Cancer Screening and Treatment Targeting Low Income Communities in Malaysia (2010-2015)

  • Tze, Christina Ng Van;Fitzgerald, Henry;Qureshi, Akhtar;Tan, Huck Joo;Low, May Lee
    • Asian Pacific Journal of Cancer Prevention
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    • v.17 no.7
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    • pp.3179-3183
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    • 2016
  • The aim of this study was to assess the rate of uptake of a customised annual Colorectal Cancer Awareness, Screening and Treatment Project (CCASTP) using faecal immunohistochemical test (FIT) kits in low income communities in Malaysia. The immediate objectives were (1) to evaluate the level of adherence of CRC screening among low-income groups, (2) to assess the knowledge and awareness of the screened population and (3) to assess the accuracy of FIT kits. A total of 1,581 FIT kits were distributed between years 2010 to 2015 to healthy asymptomatic participants of the annual CCASTP organized by Empowered - the Cancer Advocacy Society of Malaysia. Data for socio-demographic characteristics, critical health and lifestyle information of the registered subjects were collected. Findings for use of the FIT kits were collected when they were returned for stool analyses. Those testingd positive were invited to undergo a colonoscopy examination. A total of 1,436 (90.8%) of the subjects retuned the FIT-kits, showing high compliance. Among the 129 subjects with positive FIT results, 92 (71.3%) underwent colonoscopy. Six cases (6.5%) of CRC were found. Based on the data collected, the level of awareness of stool examination and knowledge about CRC was poor amongst the participants. Gender, age group, ethnicity and risk factors (i.e. smoking, lack of exercise and low consumption of fresh fruits) were associated with positive FIT-kit results. In conclusion, CRC screening can be performed in the community with a single FIT-kit. Although CRC knowledge and awareness is poor in low-income communities, the average return rate of the FIT kits and rate of colonoscopy examination were 91.2% and 70.3%, respectively.

An Analysis on the Accident Factors of the Housing Sold Guarantee in Housing Development Projects (주택분양사업장의 주택분양보증사고 발생요인 분석)

  • Kwak, Kyung-Seob;Baek, Sung-Joon
    • Journal of Cadastre & Land InformatiX
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    • v.44 no.2
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    • pp.231-242
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    • 2014
  • On the Pre-Housing-Sale Systems there are many risks that developers might not fulfill the pre-sale obligations. In korea, in order to protect the people who bought houses from these risk, the Housing Sold Guarantee System was introduced and has been operated. Even though this system if there is accident in the pre-sale warranty business, several problems, such as damages caused to the people who bought the houses, occurs. Therefore, research is needed to Housing Sold Guarantee accident factor. But there are few study about it. This study attempted to analyze influencers on the possibility of the accident. We employ 3,026 data which Korea Housing Guarantee Co., Ltd manages and analyze them empirically, using business characteristics, housing market characteristics, and regional characteristics. Especially this study used to the binary logistic regression model. The results of analysis showed that the accident rate of Housing Sold Guarantee had been effected on the business type, house type, project financing guarantee, operator credit rating, housing market, and regional characteristics.

Development of a Real-time Lifting-path Tracking System of a Tower-crane for Steel Members based on an Integrated Wireless RF Modem and GPS System (무선 RF모뎀과 GPS를 통합한 타워크레인의 철골부재의 실시간 양중위치 추적시스템 개발)

  • Yun, Seok-Heon;Lee, Ghang
    • Journal of the Korea Institute of Building Construction
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    • v.10 no.3
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    • pp.65-70
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    • 2010
  • Steel frame construction in high places entails many risk factors. In order to improve the safety and productivity of steel frame construction, a project to develop a robotic tower-crane has been undertaken. As the first step, a real-time lifting-path tracking system is being developed. In a previous study, a laser-based tracking system was proposed. While a laser-based tracking system requires at least three laser sensors to detect the x, y, z coordinates of a lifted steel member, a GPS-based system has an advantage over the laser-based system, in that the x, y, z coordinates of a lifted steel member can be detected by a single GPS sensor. To improve the accuracy, arelative positioning method using two GPS sensors was proposed in a previous study. This paper reports an improved GPS-based lifting-path tracking system of a tower crane based on an integrated RF modem and GPS system. The results showedthat the RF modem could successfully send the identifier information to a server a maximum distance of 1 km away from the lifted steel beam, and the lifting path information of each beam captured by the GPS-based tracking system was successfully saved together. Also, byusing an improved algorithm for the GPS relative positioning method, the deviation was reduced to 0.61 m on average.

Management Research in Plant Construction;Introduction of research center (플랜트 프로젝트 관리체계 표준화 기술 개발;연구단 소개)

  • Lee, Young-Nam;Kim, Chan-Soo
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.213-220
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    • 2006
  • Plant construction industry is a high value-adding industry because it is complex industry comprising engineering, procurements of equipments and construction. So, Revenue increase in overseas plant projects would boost up not only domestic construction industry but also growth of national economy. Recently, overseas plant-construction market is expanding dramatically. For instant, Middle-east countries are constantly increasing their orders for the construction of petro-chemical plants stimulated by sky-rocketing oil prices. The purpose of this research is to develop management techniques for plant projects such as work break-down structure, knowledge management system, logistics & procurement system, and risk assessment tools. We believe our research would contribute to the competion of Korean engineeing companies and contractors in overseas plant-construction market.

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Construction of Security Evaluation Criteria for Web Application Firewall (웹방화벽의 보안성 평가 기준의 구축)

  • Lee, Ha-Yong;Yang, Hyo-Sik
    • Journal of Digital Convergence
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    • v.15 no.5
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    • pp.197-205
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    • 2017
  • To achieve web application security goals effectively by providing web security features such as information leakage prevention, web application firewall system must be able to achieve the goal of enhancing web site security and providing secure services. Therefore, it is necessary to study the security evaluation of web application firewall system based on related standards. In this paper, we analyze the requirements of the base technology and security quality of web application firewall, and established the security evaluation criteria based on the international standards for software product evaluation. Through this study, it can be expected that the security quality level of the web application firewall system can be confirmed and the standard for enhancing the quality improvement can be secured. As a future research project, it is necessary to continuously upgrade evaluation standards according to international standards that are continuously changing.

Application of the Fuzzy Models for the Efficient Operation of Pumping Station (배수펌프장의 효율적인 운영을 위한 퍼지모형의 적용)

  • Kim, Yun-Tae;Shim, Jae-Hyun;Chung, Jae-Hak;Ahn, Jae-Chan
    • Journal of the Korean Society of Hazard Mitigation
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    • v.4 no.3 s.14
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    • pp.51-60
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    • 2004
  • Urban flood damage has been caused by drainage deficiency. One of the methods to solve this problem is to construct detention basin and Pumping station and to pump out the water to the river. However, because of rapid urbanization, the capacity of drainage pipelines is sometimes not sufficient enough during the rainy season. Therefore, even though we have enough pumping stations, the inflow of surface water never reaches to the detention area, causing floods in urban area. This research is to find improvement of urban drainage system, estimating drainage pipeline risk. Also, eight models for a computer program were developed for practical use. The models were verified changing precipitation duration, intensity, design period, time distribution model, and etc. This verification was processed focusing that the model can regulate the water level in the detention basin and minimize the effect downstream. As a result Fuzzy models were found to be efficient to lower the water level in detention basin, and decreased about 8 cm in water level of downstream.

Development of Railroad Rockfall and Landslide Information System using GIS (GIS를 이용한 철도 연변 낙석, 산사태 정보시스템 개발)

  • 이사로;송원경;박종휘
    • Tunnel and Underground Space
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    • v.11 no.1
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    • pp.64-71
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    • 2001
  • The purpose of this study is to develop rail rockfall and landslide information system to manage spatial database using GIS. For this, a spatial database containing information such as railroad, map, topographic analysis, meteorological data, and rockfall has been constructed for 2.5 km or 5 km buffer zone from the Kyungchun, Youngdong, Jungang, Taebak and Jungsun Rairoad where risk of landslide occurrence potential is high. For management of the spatial database, railroad rockfall and landslide information system has been developed. The information system consists of view, table, chart, layout and project environment. The functions provided in the system are data conversion, editing, labeling, zoom in and out, map making, graphic editing, text DB management, charting, on-line help as well as input, retrieve and output of spatial database. The system was developed using ArcView script language Avenue, and consisted of pull-down menus and icons for easy use. The spatial database and the information system can be used to rockfall and landslide management and analysis near the railroad as basic data and tool.

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Large Scale Experiments Simulating Hydrogen Distribution in a Spent Fuel Pool Building During a Hypothetical Fuel Uncovery Accident Scenario

  • Mignot, Guillaume;Paranjape, Sidharth;Paladino, Domenico;Jaeckel, Bernd;Rydl, Adolf
    • Nuclear Engineering and Technology
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    • v.48 no.4
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    • pp.881-892
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    • 2016
  • Following the Fukushima accident and its extended station blackout, attention was brought to the importance of the spent fuel pools' (SFPs) behavior in case of a prolonged loss of the cooling system. Since then, many analytical works have been performed to estimate the timing of hypothetical fuel uncovery for various SFP types. Experimentally, however, little was done to investigate issues related to the formation of a flammable gas mixture, distribution, and stratification in the SFP building itself and to some extent assess the capability for the code to correctly predict it. This paper presents the main outcomes of the Experiments on Spent Fuel Pool (ESFP) project carried out under the auspices of Swissnuclear (Framework 2012-2013) in the PANDA facility at the Paul Scherrer Institut in Switzerland. It consists of an experimental investigation focused on hydrogen concentration build-up into a SFP building during a predefined scaled scenario for different venting positions. Tests follow a two-phase scenario. Initially steam is released to mimic the boiling of the pool followed by a helium/steam mixture release to simulate the deterioration of the oxidizing spent fuel. Results shows that while the SFP building would mainly be inerted by the presence of a high concentration of steam, the volume located below the level of the pool in adjacent rooms would maintain a high air content. The interface of the two-gas mixture presents the highest risk of flammability. Additionally, it was observed that the gas mixture could become stagnant leading locally to high hydrogen concentration while steam condenses. Overall, the experiments provide relevant information for the potentially hazardous gas distribution formed in the SFP building and hints on accident management and on eventual retrofitting measures to be implemented in the SFP building.