• Title/Summary/Keyword: Project risk

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A Study on the Interface Model of Information sharing between nations for an efficient global SCM (효율적인 글로벌 SCM에 적합한 국가 간 정보 연계를 위한 인터페이스 모델 연구)

  • Park, Soo Min;Kim, Min Sik;Ahn, Kyeong Rim
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.8 no.4
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    • pp.217-230
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    • 2012
  • To look at Korea trade environment, as increasing the quantity of goods transported in North-East Asia and deepening national competitive, information-oriented logistics environment is needed. That means it is automated work process and can provide value-added service. To do this, logistics business can be efficiently handled through "Electronic Means for the Clearance of Ships" and electronically data processing. Also, by increasing the risk of international terrorism, regulation regarding to logistics security has strengthened around the advanced country, such as USA and EU, etc. or international organization, such as IMO, ISO, etc.. Furthermore, because trade and logistics environment is changing and security becomes more important in logistics area, movement or status information of goods within the port or in entry in/out becomes more and more be needed in real time. In case cross-border logistics activities, international cooperation or agreement between countries is very important. However, different opinions much happened on defining the interface. If to follow one format or type using at a specific country or organization, it was occurred to difficulty in respect of interoperability as well as additional costs or time. Therefore, this paper proposes common interface model to exchange information for the efficient global SCM for using by the output of Korea R&D project, "National Logistics Standardization System Development".

Study on Applicability of Multi-Criteria Decision Making Technique for Malfunctioning Reservoir Selection (기능저하 저수지 선정을 위한 다기준 의사결정기법 적용성 연구)

  • Shim, Hyun Chul;Choi, Kyung Sook
    • Journal of The Korean Society of Agricultural Engineers
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    • v.59 no.3
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    • pp.11-19
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    • 2017
  • The decision-making process is the act of finding the best solution among various alternatives through comparison between various criteria based on objectives of the project, evaluation standard, and conditions. However, in practice it is not easy to simply decide the optimum decision, especially for selecting malfunctioning reservoirs because no systematic evaluation criteria or standard assessment process are available. Therefore, this study adopted AHP method, which is a MCDM (multi-criteria decision making technique) to identify the malfunctioning reservoirs for efficient management of reservoirs. Important criteria of the selection of malfunctioning reservoirs and priority weights of each criteria were determined based on results of expert's survey under a stepwise hierarchical approach. The most important factor for the decision of malfunctioning reservoirs was obtained as Reservoir efficiency among the selected criteria including Reservoir efficiency decrease, Disaster Risk, Reservoir efficiency, Available water storage, Future water demand, Resident Needs. The AHP technique was applied on 11 reservoirs in Andong region to verify its applicability. Scoring method was applied for the comparison with the results of AHP method.

The Process Development and Application of the Contingency Management by the Performance Analysis (성과분석을 통한 건설공사 예비비 관리 프로세스 및 적용)

  • Lee, Man-Hee;Lee, Hak-Ki
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.2
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    • pp.84-92
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    • 2007
  • To reduce uncertainties and make rational plans, the presumption of contingency against a failure of projects and an occurrence of unpredictable risks is important with accurate estimations as the work progressing. Therefore, if the presumption of contingency reflecting uncertainties carries out at a decision making point of time, be able to prepare for risks. The purpose of this paper is to present a management process of contingency through the performance analysis of project. In the cost planning phase, this study offers a process which is predictable contingency and predicts the range of fluctuation of the cost, laking an advantage of EVM in construction phase. With reflecting the results from this procedure, this study presents a process, rationally manageable contingency.

Foreign Direct Investments of Economic Infrastructure-Related Public Companies in Korea(2): Typologies, Characteristics of FDI and Interpretation of Nationality Issues (경제 하부구조 관련 공기업의 해외투자에 대한 연구(2) - 해외 하부구조투자의 유형과 성격, 국적성의 문제 -)

  • Kim, Yong-Chang
    • Journal of the Economic Geographical Society of Korea
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    • v.15 no.2
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    • pp.166-191
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    • 2012
  • This paper investigates how the agent specificity of economic infrastructure-related public company proceeds in overseas investments. At first this paper examines general features focused on investment region, project type, starting year, and then analyzes overseas investments based on specific cases with three classifications which are composed of special consulting type that do not accompany capital investment, FDI type, and type of overseas energy resources development that go with capital investment and business risk. Finally nationality issues that is generated by agent characteristics of infrastructure public company are interpreted in perspective of duality which is financial pressure and dependency of host county's position, and relationship with private capital of home country.

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Sustainable retrofit design of RC frames evaluated for different seismic demand

  • Zerbin, Matteo;Aprile, Alessandra
    • Earthquakes and Structures
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    • v.9 no.6
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    • pp.1337-1353
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    • 2015
  • Seismic upgrading of existing structures is a technical and social issue aimed at risk reduction. Sustainable design is one of the most important challenges in any structural project. Nowadays, many retrofit strategies are feasible and several traditional and innovative options are available to engineers. Basically, the design strategy can lead to increase structural ductility, strength, or both of them, but also stiffness regulation and supplemental damping are possible strategies to reduce seismic vulnerability. Each design solution has different technical and economical performances. In this paper, four different design solutions are presented for the retrofit of an existing RC frame with poor concrete quality and inadequate reinforcement detailing. The considered solutions are based on FRP wrapping of the existing structural elements or alternatively on new RC shear walls introduction. This paper shows the comparison among the considered design strategies in order to select the suitable solution, which reaches the compromise between the obtained safety level and costs during the life-cycle of the building. Each solution is worked out by considering three different levels of seismic demand. The structural capacity of the considered retrofit solutions is assessed with nonlinear static analysis and the seismic performance is evaluated with the capacity spectrum method.

Post earthquake performance monitoring of a typical highway overpass bridge

  • Iranmanesh, A.;Bassam, A.;Ansari, F.
    • Smart Structures and Systems
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    • v.5 no.4
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    • pp.495-505
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    • 2009
  • Bridges form crucial links in the transportation network especially in high seismic risk regions. This research aims to provide a quantitative methodology for post-earthquake performance evaluation of the bridges. The experimental portion of the research involved shake table tests of a 4-span bridge which was subjected to progressively increasing amplitudes of seismic motions recorded from the Northridge earthquake. As part of this project, a high resolution long gauge fiber optic displacement sensor was developed for post-seismic evaluation of damage in the columns of the bridge. The nonlinear finite element model was developed using Opensees program to simulate the response of the bridge and the abutments to the seismic loads. The model was modified to predict the bent displacements of the bridge commensurate with the measured bent displacements obtained from experimental analysis results. Following seismic events, the tangential stiffness matrix of the whole structure is reduced due to reduction in structural strength. The nonlinear static push over analysis using current damaged stiffness matrix provides the longitudinal and transverse ultimate capacities of the bridge. Capacity loss in the transverse and longitudinal directions following the seismic events was correlated to the maximum displacements of the deck recorded during the events.

Safety Management Practices in Small and Medium Enterprises in India

  • Unnikrishnan, Seema;Iqbal, Rauf;Singh, Anju;Nimkar, Indrayani M.
    • Safety and Health at Work
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    • v.6 no.1
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    • pp.46-55
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    • 2015
  • Background: Small and medium enterprises (SMEs) are often the main pillar of an economy. Minor accidents, ergonomics problems, old and outdated machinery, and lack of awareness have created a need for implementation of safety practices in SMEs. Implementation of healthy working conditions creates positive impacts on economic and social development. Methods: In this study, a questionnaire was developed and administered to 30 randomly chosen SMEs in and around Mumbai, Maharashtra, and other states in India to evaluate safety practices implemented in their facilities. The study also looked into the barriers and drivers for technology innovation and suggestions were also received from the respondent SMEs for best practices on safety issues. Results: In some SMEs, risks associated with safety issues were increased whereas risks were decreased in others. Safety management practices are inadequate in most SMEs. Market competitiveness, better efficiency, less risk, and stringent laws were found to be most significant drivers; and financial constraints, lack of awareness, resistance to change, and lack of training for employees were found to be main barriers. Conclusion: Competition between SMEs was found to be major reason for implementation of safety practices in the SMEs. The major contribution of the study has been awareness building on safety issues in the SMEs that participated in the project.

ANALYSIS OF UNCERTAINTY QUANTIFICATION METHOD BY COMPARING MONTE-CARLO METHOD AND WILKS' FORMULA

  • Lee, Seung Wook;Chung, Bub Dong;Bang, Young-Seok;Bae, Sung Won
    • Nuclear Engineering and Technology
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    • v.46 no.4
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    • pp.481-488
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    • 2014
  • An analysis of the uncertainty quantification related to LBLOCA using the Monte-Carlo calculation has been performed and compared with the tolerance level determined by the Wilks' formula. The uncertainty range and distribution of each input parameter associated with the LOCA phenomena were determined based on previous PIRT results and documentation during the BEMUSE project. Calulations were conducted on 3,500 cases within a 2-week CPU time on a 14-PC cluster system. The Monte-Carlo exercise shows that the 95% upper limit PCT value can be obtained well, with a 95% confidence level using the Wilks' formula, although we have to endure a 5% risk of PCT under-prediction. The results also show that the statistical fluctuation of the limit value using Wilks' first-order is as large as the uncertainty value itself. It is therefore desirable to increase the order of the Wilks' formula to be higher than the second-order to estimate the reliable safety margin of the design features. It is also shown that, with its ever increasing computational capability, the Monte-Carlo method is accessible for a nuclear power plant safety analysis within a realistic time frame.

An Empirical Study on the Investment Evaluation of Korean Global Companies Using a Real Option Valuation Model (우리나라 글로벌 기업의 실물옵션을 이용한 투자안 평가 실증연구)

  • Jeong, Eui-Jong
    • Plant Journal
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    • v.8 no.3
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    • pp.42-48
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    • 2012
  • Under traditional analysis of the capital budgeting, NPV, it is assumed that management cannot react to deviation from the expected scenario of cash flow at the time of evaluation. In practice, however, it is less likely that the expected scenario will come true when new information arrives and uncertainty is resolved. Uncertainty and risk can be influenced through 'managerial flexibility', which becomes a central instrument for value creation. Real option framework including option to defer, option for staged investment, option to alter, option to abandon, option to switch, etc. takes this managerial flexibility into account. Therefore, it is more appropriate to use real option method to evaluate the project than the traditional DCF(discounted cash flow) tool if the firm has high volatility of the expected returns.

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Development of the Simulator for FPC-G, the Focal Plane Fine Guiding Camera for SPICA

  • Pyo, Jeonghyun;Jeong, Woong-Seob;Lee, Chol;Kim, Son-Goo;Lee, Dae-Hee
    • The Bulletin of The Korean Astronomical Society
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    • v.38 no.1
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    • pp.76.2-76.2
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    • 2013
  • SPICA(SPace Infrared Telescope for Cosmology and Astrophysics) is an infrared space observatory with cooled telescope of 3 m aperture. Because of its large aperture, near- and mid-infrared instruments onboard SPICA require fine guidance with attitude accuracy less than 0.1 arcsecond. The FPC-G is a focal plane camera to achieve this high attitude accuracy and KASI is leading its development. The SPICA project is now under the Risk Mitigation Phase 2 (RMP2) and one of major risks is to satisfy the requirement of pointing and attitude control. To assess the impacts of disturbance sources on the attitude control and devise methods to mitigate possible risks, a software simulator of the FPC-G is under the development. In this presentation, we report the status of development of the simulator and the development plan during the RMP2.

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