• Title/Summary/Keyword: Qualitative risk management

Search Result 135, Processing Time 0.027 seconds

Case Studies of Risk Assessment in Analyzing Risks Associated with MSDS

  • Kim, Woo Jin;Jeong, Byung Yong
    • Journal of the Ergonomics Society of Korea
    • /
    • v.32 no.1
    • /
    • pp.153-158
    • /
    • 2013
  • Objective: This study aims to suggest different approaches in analyzing risks associated with musculoskeletal disorders (MSDS) for risk assessment. Background: Upon concluding that the changes in the industrial environments have made it hard to regulate diverse risk factors, the government has implemented a policy for risk assessment. Method: This study has proposed a method, creating programs using Excel that perform qualitative or quantitative analysis, for evaluating risk factors in risk assessments and has applied this in manufacture and service industries. Results: To verify the validity of the developed program, risk assessment has been performed on restaurant chefs as an example. For quantitative evaluation, the study has suggested approaches using the results for REBA evaluation and the analysis report on the work scenes of a fitting-shop in a shipbuilding industry. Application: Constructing and adapting a system using Excel in evaluating risk factors for risk assessments as this study suggests, is expected to contribute to revitalizing risk assessments.

Analysis of Construction-phase Risk Factors for SMEs' Advance into the Overseas Plant Construction Projects

  • Park, Moonsun;Lee, Kyosun
    • International conference on construction engineering and project management
    • /
    • 2017.10a
    • /
    • pp.328-331
    • /
    • 2017
  • The purpose of this study is to derive construction-phase risk factors in SMEs' advance into overseas plant construction projects. For this, construction-phase risk factors were investigated on the basis of the analysis of Korean construction companies, overseas plant industry-related research institutes, and overseas data. In addition, major risk factors were derived from the investigated construction-phase risk factors, and quantitative risk factors and qualitative risk factors were analyzed and derived from these major risk factors, by the use of three rounds of the Delphi analysis.

  • PDF

Tailoring Psychosocial Risk Assessment in the Oil and Gas Industry by Exploring Specific and Common Psychosocial Risks

  • Bergh, Linn Iren Vestly;Leka, Stavroula;Zwetsloot, Gerard I.J.M.
    • Safety and Health at Work
    • /
    • v.9 no.1
    • /
    • pp.63-70
    • /
    • 2018
  • Background: Psychosocial risk management [Psychosocial Risk Management Approach (PRIMA)] has, through the years, been applied in several organizations in various industries and countries globally. PRIMA principles have also been translated into international frameworks, such as PRIMA-EF (European framework) and the World Health Organization Healthy Workplace Framework. Over the past 10 years, an oil and gas company has put efforts into adopting and implementing international frameworks and standards for psychosocial risk management. More specifically, the company uses a PRIMA. Methods: This study explores available quantitative and qualitative risk data collected through the PRIMA method over the past 8 years in order to explore specific and common psychosocial risks in the petroleum industry. Results: The analyses showed a significant correlation between job resources and symptoms of work-related stress, there was a significant correlation between job demands and symptoms of work-related stress, and there were differences in psychosocial risk factors and symptoms of work-related stress onshore and offshore. The study also offers recommendations on how the results can further be utilized in building a robust system for managing psychosocial risks in the industry. Conclusion: The results from the analyses have provided meaningful and important information about the company-specific psychosocial risk factors and their impact on health and well-being.

A Study on Cybersecurity Risk Assessment in Maritime Sector (해상분야 사이버보안 위험도 분석)

  • Yoo, Yun-Ja;Park, Han-Seon;Park, Hye-Ri;Park, Sang-Won
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
    • /
    • 2019.11a
    • /
    • pp.134-136
    • /
    • 2019
  • The International Maritime Organization (IMO) issued 2017 Guidelines on maritime cyber risk management. In accordance with IMO's maritime cyber risk management guidelines, each flag State is required to comply with the Safety Management System (SMS) of the International Safety Management Code (ISM) that the cyber risks should be integrated and managed before the first annual audit following January 1, 2021. In this paper, to identify cyber security management targets and risk factors in the maritime sector and to conduct vulnerability analysis, we catagorized the cyber security sector in management, technical and physical sector in maritime sector based on the industry guidelines and international standards proposed by IMO. In addition, the Risk Matrix was used to conduct a qualitative risk assessment according to risk factors by cyber security sector.

  • PDF

Adaptive Supply Chain Management under Severe Supply Chain Disruption: Evidence from Indonesia

  • ONGKOWIJOYO, Gracia;SUTRISNO, Timotius F.C.W.;TEOFILUS, Teofilus;HONGDIYANTO, Charly
    • Journal of Distribution Science
    • /
    • v.18 no.11
    • /
    • pp.91-103
    • /
    • 2020
  • The recent Covid-19 outbreak has caused severe disruption of the global supply chain, which tests firms' ability to survive and build resilience. The concept of adaptive supply chain management (A-SCM) has never been tested against a severe supply chain disruption, such as a pandemic. Purpose: The aim of this study is to examine how firms in Indonesia develop resilience through the implementation of components of adaptive supply chain management, namely risk management, resource reconfiguration and supply chain flexibility, in order to survive severe supply chain disruption. Research design, data and methodology: A qualitative method and PLS-SEM were used to analyze 120 data collected from Indonesian manufacturing firms in various industries. Results: The findings show that risk management, resource reconfiguration, and supply chain flexibility are important components that make up A-SCM. However, only risk management contributes to help build firm resilience in the presence of severe supply chain disruption. Conclusions: The components of A-SCM have been empirically tested. The implication is that managers should carefully use RM to prepare firms for different scenarios to develop contingency strategies. This research contributes to the supply chain management body of knowledge in the context of pandemic-level disruption and broadens the dynamic capabilities perspective.

RISK MANAGEMENT OF EXCHANGE RATES IN INTERNATIONAL CONSTRUCTION

  • Yong Han Ahn;Paul Holley
    • International conference on construction engineering and project management
    • /
    • 2005.10a
    • /
    • pp.459-468
    • /
    • 2005
  • International contractors must consider the substantial risks related to unexpected foreign exchange fluctuation incurred by conducting their business and using foreign currencies in foreign countries. Most international contractors attempt to minimize foreign exchange exposure within a manageable range because it may influence the company's fundamental financial structure, reduce market value or profit margins, or disrupt ongoing and future projects. This research provides a qualitative study of existing foreign exchange exposure (transaction, operation, and translation exposure) and current & effective foreign exchange risk management in American and Korean international contractors, as they represent both new and long-time members of the global construction market. Finally, recommendations of techniques for new and existing international contractors to minimize and better manage foreign exchange risk will be offered.

  • PDF

Distribution and Application of Community-based Disaster Risk Information : Lessons from Shiga Prefecture in Japan

  • Choi, Choongik;Choi, Junho
    • Journal of Distribution Science
    • /
    • v.16 no.6
    • /
    • pp.15-23
    • /
    • 2018
  • Purpose - This paper aims to explore the distribution and application of community-based disaster risk information and employ a case study as a qualitative research method to make some implications and suggestions for disaster management in the future. Research design, data, and methodology - This research has basically adopted an idiographic approaches to examine the basic policy of integrated flood risk management of Shiga prefecture in Japan. The methodology is based on a retrospective analysis, which starts from critical events and traces backwards processes to find out what goes well or wrong. Results - The results of this paper support that the multiple stakeholders in a community have to share and distribute disaster risk information in the proper time. The distribution and application of community-based disaster risk information cannot be overemphasized in that the local communities are culturally rich in traditional flood management knowledge, have voluntary organizations and have enjoyed mutual support and human network to cope with floods. Conclusions - The study results also imply that local residents of the community will be abe to have an important role in coping with natural disasters, which involves more proactive actions than passive actions for the enhancement of disaster management.

A study on Risk-based Bridge Performance Evaluation Method for Asset Management (위험도 개념을 적용한 교량 자산관리의 성능평가방법 연구)

  • Choi, Hyun-Ho;Sun, Jong-Wan;Park, Kyung-Hoon
    • Korean Journal of Construction Engineering and Management
    • /
    • v.14 no.3
    • /
    • pp.22-32
    • /
    • 2013
  • Generally, asset management procedure consists of exact information collection, decision of service level, analysis of aspiration level, analysis of financial condition and available budget, preparation of asset management plan, and value of modified asset. In this study, for the risk-based asset management, condition assessment and performance measuring, assessment of failure modes and risks, evaluation/selection of treatment options, and implementation of optimum solution are additionally included. For this, bridge inventory and performance measure considering risks are classified and method of quantitative/qualitative performance measure is suggested. Also, evaluation method of risk analysis for bridge asset management is suggested and basic research is carried out for applicable method of risk-based asset management. Using suggested risk procedure and method of risk-based bridge service level evaluation, it is possible to perform resonable asset management. Moreover, it is concluded that the proposed applicable method of risk-based asset management will provide a solution to contribute the development of systematical asset management for optimal decision making and prototype asset management system.

A Basic Study on the Qualitative Risk Assessment Model for Building Construction Sites Based on Claim Payouts (건설공사 위험 정량화 모델 개발을 위한 기초 연구)

  • Yu, Yeong-Jin;Son, Kiyoung;Kim, Ji-Myong
    • Journal of the Korea Institute of Building Construction
    • /
    • v.16 no.6
    • /
    • pp.487-495
    • /
    • 2016
  • The losses of accidents in the construction industry was significantly increased during the past decades. Therefore, the study of risk management measures in the domestic construction has become very important, and the inherent risk factors need to derive and analyze them based on the quantified method. However, most studies on the construction risk are conducted finding on the qualitative way. This study analysis the accident records from actual construction sites as a quantities study. A correlation analysis and regression analysis are adopted to identify the risk factors and develop a model. The results of this study are expected to be evolve through the accumulated effect and verification of data in the future through continuous feedback.

Stock assessment by ecosystem risk analysis of large purse seine fishery in the southern sea of Korea (한국 남해안 대형선망어업의 생태계 위험도 분석에 의한 자원평가 연구)

  • Seo, Young-Il;Zhang, Chang-Ik;Lee, Jae-Bong;Cha, Hyung-Kee
    • Journal of the Korean Society of Fisheries and Ocean Technology
    • /
    • v.47 no.4
    • /
    • pp.369-389
    • /
    • 2011
  • Changes in ecosystem risks were evaluated using the ecosystem-based fisheries assessment (EBFA) approach of Zhang et al. (2009, 2010) and the comprehensive ecosystem-based fisheries management (EBFM) plan was made for the southern sea of Korea in this study. The risk assessment of the southern sea ecosystem was conducted by establishing ecosystem management objectives and by estimating risk scores (RS) for indicators. To conduct this analysis a number of indicators and their reference points for assessing these risk scores were developed in this study. The number of indicators in the risk analysis was 28 for the quantitative tier 1 analysis and 30 for the qualitative tier 2 analysis. The objective risk index (ORI), species risk index (SRI) and fisheries risk index (FRI) were calculated from the risk scores. Comparing the past (1988) and the current (2008) status of fisheries resources, management implications were discussed. The fishery risk index (FRI) of large purse seine fishery in the southern sea of Korea decreased substantially from 0.972 in 1988 to 0.883 in 2008, and improvement in the management of fisheries operated in the southern sea of Korea.