• Journal of the Korea institute for structural maintenance and inspection
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• v.23 no.6
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• pp.70-76
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• 2019

This paper presents a methodology for priority decision of performance evaluation of small-and-medium-sized highway bridges. This methodology could be used for establishing a maintenance strategy of those bridges which are not liable to the law of the Special Act on the Safety Control and Maintenance of Establishments and are thought laid under blind spot. The risk index are calculated considering vulnerability and social influence, then the bridges are classified as three types, one requiring immediate evaluation, the other one requiring evaluation within next year, and the third one observing, according to the index. The suggested method was applied to a small bridge under service and its field applicability verified. From this study, it was judged that this methodology could be used appropriately for establishing maintenance strategy and saving the maintenance budget.

• Fire Science and Engineering
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• v.33 no.3
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• pp.9-20
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• 2019

This study was examined fire risk properties of wood specimen for the constructional interiors, especially focusing on the fire performance index (FPI) and the fire growth index (FGI) as heat hazard characteristics. Flame retardants were synthesized using boric acid, boronic acid and tetraethoxyorthosilicate. Heat release characteristics were measured by using a cone calorimeter (ISO 5660-1) and cypress was used. The external heat flux as fire intensity was maintained at 50 kW/㎡. The measured fire performance index (FPI) after burning was increased by 1.6 times for boric acid/silicone (BA/Si) sol, each 1.1 times for isobutylboronic acid/silicone (IBBA/Si) sol and phenylboronic acid/silicone (PBA/Si) sol compared with cypress. Fire risk by the fire performance index was increased BA/Si, IBBA/Si ≈ PBA/Si order. The fire growth index was decreased 94% for the BA/Si and 8% for the IBBA/Si sol, and was increased by 17% for the PBA/Si sol. Fire risk by the fire growth index was increased BA/Si, IBBA/Si, PBA/Si order. Overall fire risk was higher in the order of BA/Si < IBBA/Si < PBA/Si.

• The Journal of Asian Finance, Economics and Business
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• v.6 no.2
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• pp.9-13
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• 2019

The paper aims to investigate the performance of domestic Saudi Arabian ETFs. ETFs are investment vehicles in vogue. These instruments were the first levers for investors allowing them to enter some markets that have been highly protected or out of reach. Saudi Arabia, which has been promoted as an emerging country by MSCI, seeks to attract more foreign investors. The first ETFs were launched in the years 2010-2011. Even though their number has not increased since then, there is a desire to attract a large number of investors. We use premiums/discounts analysis, standard risk-return models, and tracking errors measurements to assess how closely their replicate the underlying benchmark based on monthly data. The results indicate that out of the three funds investigated two are slightly traded at premium, while the latter exhibit a price discount. However, tracking errors are at minimum for all funds suggesting that they track well the benchmark index. Further, the Jensen's model shows that alphas are negative or null, and betas capture largely the systematic risk which is consistent with index investing strategies. Finally, traditional risk-adjusted measures of performance are used to compare ETFs, and results exhibit negative ratios showing that portfolios achieve lower return than the risk-free rate.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.4
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• pp.9-19
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• 2020

The study aims to answer why the previous studies find the positive or insignificant effect of the CEO's abilities on firm performance. Using 34,285 CEO-firm-year panel data from the U.S. publicly traded firms drawn from the BoardEx and EXECUXOMP database during from 1992 to 2014, the results show that the fit of the CEO's generality or specialist ability with firm strategy matters on firm performance and risk. This study computes a discrete STRATEGY composite measure to construct firm strategy types, such as Prospect or Defend and use CEOs' résumés to construct an index of general skills that are transferable across firms and industries. The results find that generalist CEOs are more suitable for prospectors than specialist CEOs. Firm performance is much better when specialist CEOs work for Defenders. Although the firm performance is better too for the generalist CEOs who fit for the Prospect strategy, the firm's risk is up too. The result suggests that firms need to consider their chosen business strategy to recruit and select CEOs Our findings provide direct evidence that the match between CEO's ability and the firm's strategy is crucial to firm performance and risk.

• Applied Chemistry for Engineering
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• v.32 no.4
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• pp.423-430
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• 2021

In order to evaluate the fire risk and fire risk rating of wood for construction materials, this study focused on fire performance index-III (FPI-III), fire growth index-III (FGI-III), and fire risk index-IV (FRI-IV) according to Chung's equations-III and -IV. Western red cedar, needle fir, ash, and maple were used as the specimens. The fire characteristics were investigated using a cone calorimeter (ISO 5660-1) equipment on the specimen. The FPI-III measured after the combustion reaction was 0.86 to 12.77 based on polymethylmethacrylate (PMMA). The FGI-III was found to be 0.63 to 5.26 based on PMMA. The fire rating according to the FRI-IV, which is the fire rating index, was 0.05 to 6.12, and the western red cedar was 122.4 times higher than that of the maple. The fire risk rating according to the FRI-IV increased in the order of maple, ash, needle fir, PMMA and western red cedar. The CO peak concentration of all specimens was measured as 103 to 162 ppm, and it was 2.1 to 3.2 times higher than 50 ppm, the permissible exposure limits of the US occupational safety and health administration. Materials such as western red cedar, which have a low bulk density and contain a large amount of volatile organic substances, have a low FPI-III and a high FGI-III, so they have a high fire risk rating.

• Applied Chemistry for Engineering
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• v.35 no.3
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• pp.200-208
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• 2024

Chung's equations-IX and Chung's equation-XII were utilized to predict the fire risk and evaluate fire risk ratings for four types of wood: camphor, cherry, rubber, and elm trees. The combustion tests were conducted using a cone calorimeter test method by ISO 5660-1 standards. The fire risk and fire risk rating (FRR) were compared for Fire Risk Index-IX (FRI-IX) and Fire Risk Index-XII (FRI-XII). The results yielded Fire Performance Index-XI (FPI-XI) ranging from 0.08 to 11.48 and Fire Growth Index-XI (FGI-XI) ranging from 0.67 to 111.89. The Fire Risk Index-XII (FRI-XII), indicating fire risk rating, exhibited an increasing order of cherry (0.45): Grade A (Ranking 5) < PMMA (1): Grade A (Ranking 4) < elm (1.23): Grade A (Ranking 3) < rubber (1.56): Grade A (Ranking 2) << camphor (148.23): Grade G (Ranking 1). Additionally, the fire risk index-IX (FRI-IX) was cherry (0): Grade A (Ranking 3) ≈ rubber (0): Grade A (Ranking 3) ≈ elm tree (0): Grade A (Ranking 3) < PMMA (1): Grade A (Ranking 2) << camphor tree (66.67): Grade G (Ranking 1). In general, camphor was found to have the highest fire risk. In conclusion, although the expression of the index is different as shown based on the standards of FRI-IX and FRI-XII, predictions based on fire risk assessment of combustible materials showed similar trends.

• Fire Science and Engineering
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• v.34 no.1
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• pp.1-10
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• 2020

In this study, boron/silicon sol compounds were applied to wood for construction and durable materials, and fire risks were investigated in terms of smoke performance index (SPI), smoke growth index (SGI), and smoke intensity (SI). The compound was synthesized by reacting tetraethoxyorthosilicate with boric acid and boronic acid derivatives. Smoke characteristics were investigated using a cone calorimeter (ISO 5660-1) equipment for cypress wood. The fire intensity fixed the external heat flux at 50 kW/㎡. The smoke performance index measured after the combustion reaction increased between 13.4% and 126.7% compared with cypress wood. The fire risk due to the smoke performance index decreased in the order of cypress, phenylboronic acid/silicon sol (PBA/Si), (2-methylpropyl) boronic acid/silicon sol (IBBA/Si), boric acid/silicon sol (BA/Si). The smoke growth index decreased between 12.0% and 57.5% compared to the base specimen. The risk of fire caused by the smoke growth index decreased in the order of cypress, PBA/Si, IBBA/Si, BA/Si. The fire risk due to smoke intensity decreased between 3.2% and 57.8%, and in the order of cypress, PBA/Si, IBBA/Si, BA/Si. CO_peak concentrations ranged between 85 and 93 ppm, and decreased between 37% and 43% compared to the base specimen. A comprehensive assessment of the fire risk on smoke hazards decreased in the order of cypress, PBA/Si, IBBA/Si, BA/Si.

• Proceedings of the Safety Management and Science Conference
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• 2005.05a
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• pp.379-392
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• 2005

The size of state in Korea is like Israel, this country's venture capital is ruled by government. This venture capital's character is below: the concentration on research of venturer affect positively at quality of products. This paper lies with venture capital's risk character & performance. The results show that Korean venture capitals have lager unsystematic risk than systematic risk, which implies they specialize in specific business and/or regional areas instead of diversification. The Sharpe & Jensen measures reveal that the performances of Korean venture capitals are very low relative to even the market portfolio(Kospi) and Kosdaq Venture Index. Contrary to this, Venture firm's performance according to Entrepreneurship will cause to push up stock price.

• Journal of The Korean Society of Agricultural Engineers
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• v.55 no.3
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• pp.41-49
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• 2013

Drought risk assessment is usually performed qualitatively and quantitatively depending on the definition a drought. The meteorological drought indices have a limit of not being able to consider the hydrological components such as evapotranspiration, soil moisture and runoff, because it does not consider the water demand in paddies and water supply in reservoirs. Agricultural drought was defined as the reservoir storage shortage state that cannot satisfy water requirement from the paddy fields. The objectives of this study were to suggest improved agricultural drought risk assessment in order to evaluate of regional drought vulnerability and severity studied by using Reservoir Drought Index (RDI). The RDI is designed to simulate daily water balance between available water from agricultural reservoir and water requirement in paddies and is calculated with a frequency analysis of monthly water deficit based on water demand and water supply condition. The results indicated that RDI can be used to assess regional drought risk in agricultural perspective by comparing with the historical records of drought in 2012. It can be concluded that the RDI obtained good performance to reflect the historical drought events for both spatially and temporally. In addition, RDI is expected to contribute to determine the exact situation on the current drought condition for evaluating regional drought risk and to assist the effective drought-related decision making.

• Structural Engineering and Mechanics
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• v.32 no.1
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• pp.147-165
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• 2009

This study proposes a certain measure or investment strategy for decision making associated with seismic retrofitting. This strategy reduces the risk of a large-scale malfunction such as water supply loss under seismic risks. The authors developed a stochastic value index that will be used in the overall evaluation of social benefit, income gain, life cycle costs and failure compensation associated with existing lifeline systems damaged by an earthquake during the remaining service period. Optimal seismic disaster prevention investment of deteriorated lifeline systems is discussed. Finally, the present study provides a performance-based design method for seismic retrofitting strategies of existing lifelines which are carried out using the target probabilities of value loss and structural failure.