• Title/Summary/Keyword: Risk Management Technique

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A Study on the Risk Management of International Sale Transactions (국제물품매매거래의 위험관리에 관한 고찰 - Lite-On 사건의 위험관리적 분석을 중심으로 -)

  • Han, Nak-Hyun
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.30
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    • pp.59-88
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    • 2006
  • After sources of risks are identical and measured, a decision can be made as to how the risk should be handled. A pure risk that is not identical 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. Risk management is the logical process used by business firms and individuals to deal with their exposures to loss. It is a strategy of preloss planning for postloss resources. Besides, in the enterprise judiciary researches the textbook and the instance which relate risks, and reflects it to the written contract provision and various every manuel or holds seminar. It is a risk management which this talks generally. Here it stands but it becomes a problem the quality of type and countermeasure of risks. The purpose of this paper aims to explain adequate preventions to positively predict the risk this before being materialized, in practical section which is directly exposed to these risks in introducing international sale contracts(for example, the FOB and CIF contract) and the active management method of the risk which accompanys to the execution. And also analyzes the Lite-On case which relates with an international sale contracts.

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Nitrate Risk Management by Multiobjective Decision-making Technique Using Fuzzy Sets (퍼지이론을 사용한 다기준의사결정기법에 의한 질산의 위해성 관리)

  • Lee, Yong-Woon
    • Journal of Environmental Impact Assessment
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    • v.5 no.1
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    • pp.47-60
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    • 1996
  • Nitrate contamination problems from groundwater supplies have been reported throughout many countries in the world, including Korea. Nitrate salts can induce methemoglobinemia and possibly human gastric cancer. To reduce human health risk from nitrate in groundwater supplies, several nitrate risk-management strategies can be developed based on the acceptable level of human health risk, the reasonableness of nitrate-control cost, and the technical feasibility of nitrate-control methods. However, due to a lack of available information, assessing risk, cost and technical feasibility contains elements of uncertainty. In the present paper, a nitrate risk-management methodology using fuzzy sets in combination with a multiobjective decision-making (MODM) technique is developed to assist decision makers in evaluating, with uncertain information, various nitrate risk-management strategies in order to decide a proper strategy.

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The Application Method of System Safety Analysis Technique (시스템 안전 분석기법 활용방안에 대한 연구)

  • 김병석;임재동
    • Journal of the Korea Safety Management & Science
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    • v.2 no.3
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    • pp.1-11
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    • 2000
  • Avoiding the industrial accidents is one of the goals in manufacturing industries from the top manager to the foremen. Therefore all the companies try to prevent occupational accidents using system safety programs in order to increase the productivity. Korean industries have been tended to depend upon historical information to control risks. The other hand, foreign industries have identified risk factors using system safety techniques to predict future risks. This study presents the method to apply the foreign industries risk control technique to the Korean industries.

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Reliability Management of Mechanical Ventilator in Intensive Care Unit Using FMEA Based on ISO14971 (ISO14971 기반 FMEA를 이용한 중환자실내 인공호흡기 신뢰성 관리)

  • Hyun Joon, Kim;Won Kyu, Kim;Tae Jong, Kim;Gee Young, Suh
    • Journal of Biomedical Engineering Research
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    • v.44 no.1
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    • pp.19-24
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    • 2023
  • Due to the spread of COVID-19, many patients with severe respiratory diseases have occurred worldwide, and accordingly, the use of mechanical ventilators has exploded. However, hospitals do not have systematic risk management, and the Medical Device Regulation also provides medical device risk management standards for manufacturers, but does not apply to devices in use. In this paper, we applied the Failure Mode Effects Analysis (FMEA) risk analysis technique based on the International Standard ISO 14971 (Medical Devices-Application of risk management to medical devices) for 85 mechanical ventilators of a specific model in use in hospitals. Failure modes and effects of each parts were investigated, and risk priority was derived through multiplication of each score by preparing criteria for severity, occurrence, and detection for each failure mode. As a result, it was confirmed that the microprocessor-based Patient Unit/Monitoring board in charge of monitoring scored the highest score with 36 points, and that reliability management is possible through systematic risk management according to priority.

A Credit Risk Evaluation Using Negative DEA (부(負) (Negative) DEA를 이용한 신용위험평가)

  • Lee, Yeong-Chan
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2005.10a
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    • pp.441-456
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    • 2005
  • The purpose of this paper is to introduce the concept of negative DEA, which aims at identifying worst performers by placing them on the efficient frontier, This paper also proposes to use a layering technique instead of the traditional cut-off point approach, since this enables incorporation of risk attitudes and risk-based pricing. The results of the empirical application on credit risk evaluation validate the method which is proposed in this paper.

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Impact of Supply Chain Innovation and Risk Management Capabilities on Competitive Advantage at Steel Trading Companies in Vietnam

  • It Van NGUYEN
    • Journal of Distribution Science
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    • v.21 no.5
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    • pp.43-51
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    • 2023
  • Purpose: The current research investigates the beneficial impacts of supply chain innovation and risk management on the competitive advantage of organizations, based on the resource-based theory (RBT) framework. Research Design, Data, and Methodology: 14 survey items were included in the study's questionnaire, utilizing a random sampling technique to gather data from 239 leaders and managers employed by various steel trading firms in Vietnam. In order to validate the data and examine relationships, the collected data is analyzed using structural equation modeling, confirmatory factor analysis, and reliability analysis via SPSS 22.0 and AMOS 22.0 software. A fictitious system has been suggested. Results: According to the findings, the most positive influence on competitive advantage is supply chain innovation, followed by risk management capability, having the second greatest positive influence. Conclusions: Some conclusions are drawn based on the research's findings in order to assist managers in realizing the significance and necessity of giving attention to supply chain innovation and improving risk management capabilities, both of which are essential components for achieving the competitive advantage of an organization.

Comparison of Six Observational Methods for Assessing Arm- and Hand-intensive Tasks (어깨 및 팔 동작 부하 측정을 위한 관찰적 기법 비교)

  • Dohyung Kee
    • Journal of the Korea Safety Management & Science
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    • v.26 no.2
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    • pp.87-92
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    • 2024
  • This study aims to compare six observational methods for assessing arm- and hand-intensive tasks, based on literature review. The comparison was conducted in viewpoints of body regions, force/external load, motion repetition, other factors including static posture, coupling, duration/break, pace, temperature, precision task, and final risk or exposure level. The number of risk factors assessed was more, and assessment procedure was more complex than the observational methods for assessing whole-body postural loads such as Ovako Working Posture Analysis System(OWAS), Rapid Upper Limb Assessment(RULA), and Rapid Entire Body Assessment(REBA). Due to these, the intra- and inter-reliabilities were not high. A past study showed that while Hand Arm Risk Assessment Method(HARM) identified the smallest proportion of the work tasks as high risk, Strain Index(SI) and Quick Exposure Check(QEC) hand/wrist were the most rigorous with classifying most work tasks as high risk. This study showed that depending on the observational technique compared, the evaluation factors, risk or exposure level, and evaluation results were different, making it necessary to select a technique appropriate for the characteristics of the work being assessed.

The Failure Mode and Effects Analysis Implementation for Laser Marking Process Improvement: A Case Study

  • Deng, Wei-Jaw;Chiu, Chung-Ching;Tsai, Chih-Hung
    • International Journal of Quality Innovation
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    • v.8 no.1
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    • pp.137-153
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    • 2007
  • Failure mode and effects analysis (FMEA) is a preventive technique in reliability management field. The successful implementation of FMEA technique can avoid or reduce the probability of system failure and achieve good product quality. The FMEA technique had applied in vest scopes which include aerospace, automatic, electronic, mechanic and service industry. The marking process is one of the back ends testing process that is the final process in semiconductor process. The marking process failure can cause bad final product quality and return although is not a primary process. So, how to improve the quality of marking process is one of important production job for semiconductor testing factory. This research firstly implements FMEA technique in laser marking process improvement on semiconductor testing factory and finds out which subsystem has priority failure risk. Secondly, a CCD position solution for priority failure risk subsystem is provided and evaluated. According analysis result, FMEA and CCD position implementation solution for laser marking process improvement can increase yield rate and reduce production cost. Implementation method of this research can provide semiconductor testing factory for reference in laser marking process improvement.

A Factor Analysis on Agricultural Management Risk: AHP & IPA Analysis (농업경영 리스크 요인 분석: AHP와 IPA 분석)

  • Lee, So-Jin;Choi, Mun-Sik;Kim, Jong-An
    • Journal of Agricultural Extension & Community Development
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    • v.23 no.3
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    • pp.309-320
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    • 2016
  • This study has systematically classified established the agricultural management risks from the agricultural company's position and analyzed their counterplan situation in order to seek measures to counteract this. The AHP & IPA technique were used as an analysis method concerning the evaluation results. The counterplan situation was deduced through an interview investigation of 112 farmers who produce cabbage, white radish, onion, garlic, chili, and 6 other such items in order to stereotype the risks. If the agricultural companies' management capacity is raised in accordance to the risk counterplan deduced from this study, and the risks of agricultural management activity are avoided ahead of time or counter means are activated, we can anticipate the stabilization of agricultural management.

Improvement of Post-earthquake Risk Assesment System for Damaged Buildings by Case Study on '11.15 Earthquake' (11.15 지진 사례를 통한 지진피해 시설물 위험도 평가 체계 개선)

  • Kang, Hyeong Gu;Yun, Nu-Ri;Kim, David;Lee, Jung Han;Kim, Hye Won;Oh, Keum Ho
    • Journal of the Earthquake Engineering Society of Korea
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    • v.22 no.3
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    • pp.185-191
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    • 2018
  • Post-earthquake risk assessment technique in Korea is developed in 2013 by National Disaster Management Research Institute, at the same time, related manual and standard regulation is distributed to every local government by National Emergency Management Agency. The objectives of this research are to investigate and evaluate the post-earthquake risk assessment of 9.12 Earthquake (M5.8, Gyeongju City, 2016) and 11.15 Earthquake (M5.4, Pohang City, 2017). To suggest and improve the assessment process of post-earthquake risk, first post-earthquake risk assessment method of advanced foreign countries including US, New Zealand and Japan are compared, and post-earthquake evaluation activities in 9.12 Earthquake and 11.15 Earthquake are analyzed. From the results, it is needed to expand the adapted building and structure types and strengthen the earthquake disaster response capacity of local government.