• Title/Summary/Keyword: Risk indicators

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Developing of Construction Project Risk Analysis Framework by Claim Payout and its Application

  • Kim, Ji-Myong;Park, Young Jun;Kim, Young-Jae;Yu, YeongJin
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.192-194
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    • 2015
  • The growing size and complex process in construction project recently leads to increase risk and the losses as well. Even though researchers have identified the major risk indicators, there is lack of comprehensive and quantitative research for identifying the relationship between the risk indicators and economic losses associated with construction projects. To address this shortage of research, this study defines risk indicators and create a framework to assess the influence of economic losses from the indicators. An insurance company's claim payout record was accepted as the dependent variable to reflect the real economic losses. Based on the claims, we categorized the causes and results of accidents. To establish framework, built environment vulnerability indicators and geographical vulnerability indicators were employed as the risk indicators. A Pearson correlation analysis was adopted to validate the relationship with loss ratio and risk indicators. Consequently, this framework and its results may offer significant references for under writers of insurance companies and loss prevention activities.

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Study on Theoretical Models of Regional Humanity Lung Cancer Hazards Assessment

  • Zhang, Chuan;Gao, Xing
    • Asian Pacific Journal of Cancer Prevention
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    • v.16 no.5
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    • pp.1759-1764
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    • 2015
  • Purpose: To establish the concept of lung cancer hazard assessment theoretical models, evaluating the degree of lung cancer risk of Beijing for regional population lung cancer hazard assessment to provide a basis for technical support. Materials and Methods: ISO standards were used to classify stratified analysis for the entire population, life cycle, processes and socioeconomic management. Associated risk factors were evaluated as lung cancer hazard risk assessment first class indicators. Study design: Using the above materials, indicators were given the weight coefficients, building lung cancer risk assessment theoretical models. Regional data for Beijing were entered into the theoretical model to calculate the parameters of each indicator and evaluate the degree of local lung cancer risk. Results: Adopting the concept of lung cancer hazard assessment and theoretical models for regional populations, we established a lung cancer hazard risk assessment system, including 2 first indicators, 8 secondary indicators and 18 third indicators. All indicators were given weight coefficients and used as information sources. Score of hazard for lung cancer was 84.4 in Beijing. Conclusions: Comprehensively and systematically building a lung cancer risk assessment theoretical model for regional populations in conceivable, evaluating the degree of lung cancer risk of Beijing, providing technical support and scientific basis for interventions for prevention.

The Relationship of Health Promoting Lifestyle, Health Risk Indicators, Activities of Daily Living, and Depression of the in-House Stroke Patients (재가뇌졸중환자의 건강증진 생활양식 수행정도와 건강위험지표, 일상생활 수행능력 및 우울과의 관계)

  • Bak, Hae-Kyoung
    • The Korean Journal of Rehabilitation Nursing
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    • v.9 no.2
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    • pp.134-144
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    • 2006
  • Purpose: This study was done to investigate correlations among Health Promoting Lifestyles, Health Risk Indicators, Activities of Daily Living, and Depression of the in-house stroke patients. Method: The subjects were 58 in-house stroke patients in a health center and two welfare centers. Data was collected using questionnaires and measuring health risk indicators such as blood pressure, total cholesterol, triglyceride, blood sugar, body fat rate. Data was analyzed using descriptive statistics, t-test, ANOVA, and Pearson correlation coefficients. Result: The health promoting lifestyle performance showed a significant negative correlation with health risk indicators and depression. There was a significant negative correlation between activities of daily living and depression. Conclusion: Health promoting lifestyle which focus on regular physical check-up, medication, diet management, exercise, smoking cessation, drinking abstinence, and stress management should be developed to improve health risk indicator and depression of the in-house stroke patients.

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Development of Outcome Indicators of Urinary Incontinence for Quality Evaluation in Long Term Care Hospitals (요양병원의 서비스 질 평가를 위한 요실금 결과 지표 개발)

  • Yoon, Ju-Young;Lee, Ji-Yun
    • Journal of Korean Academy of Nursing
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    • v.40 no.1
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    • pp.110-118
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    • 2010
  • Purpose: To develop outcome indicators of urinary incontinence to measure quality of care in long term care hospitals in Korea. Methods: The draft indicators of urinary incontinence were developed from a literature review and clinical expert panel. A survey of medical records of 280 patients in 20 hospitals was conducted to test inter-rater reliability. Statistical analysis was done to test risk adjustment criteria, variation between hospitals, and stability of indicators, using assessment data from 77,918 patients in 623 hospitals. Results: The inter-rater reliability of items was high (Kappa range: 0.66- 0.92). Severe cognitive impairment (odds ratio [OR]: 3.15, confidence interval [CI]: 3.03-3.26) and total mobility activities of daily living (ADLs) dependency (OR: 4.85, CI: 4.72-4.98) increased the prevalence of urinary incontinence, thus they proved to be significant criteria to stratify high and low risk groups. The prevalence for low risk showed more substantial variation than the high risk group. The indicators were stable over one month. Conclusion: This study demonstrated the feasibility of outcome indicators of urinary incontinence. Improving the reliability of the patient assessment tool and refining the indicators through validation study is a must for future study.

The Effect of Risk-Based Efficiency Value on Firm Value: A Case Study in Indonesia

  • JUNIAR, Asrid;FADAH, Isti;UTAMI, Elok Sri;PUSPITASARI, Novi
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.231-239
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    • 2021
  • The purpose of this study is to analyze the effect of risk efficiency, financial decisions, and financial performance on firm value due to advances in financial reporting technology. This research was conducted on all banking sub-sector companies listed on the Indonesian capital market during a period of eight years, namely 2012-2019 which were selected using the purposive sampling method. The advancement of financial reporting technology is measured by two indicators based on the Internet financial reporting approach. Risk efficiency is measured using three indicators with a risk proxy relative efficiency approach using value at risk. Financial decisions are measured by two indicators that represent funding decisions and investment decisions. Financial performance is measured by two indicators with the profitability approach, and firm value is measured by two indicators based on the investor perception approach. The data analysis technique in this study used multivariate analysis with SEM-PLS. The empirical findings of this study are the advances in financial reporting technology, financial decisions, and risk-based efficiency value have a significant effect on firm value, while financial performance does not have a significant effect on firm value. Banking companies reduce risk to achieve efficiency and result in lower profits.

Determination of Fire Risk Assessment Indicators for Building using Big Data (빅데이터를 활용한 건축물 화재위험도 평가 지표 결정)

  • Joo, Hong-Jun;Choi, Yun-Jeong;Ok, Chi-Yeol;An, Jae-Hong
    • Journal of the Korea Institute of Building Construction
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    • v.22 no.3
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    • pp.281-291
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    • 2022
  • This study attempts to use big data to determine the indicators necessary for a fire risk assessment of buildings. Because most of the causes affecting the fire risk of buildings are fixed as indicators considering only the building itself, previously only limited and subjective assessment has been performed. Therefore, if various internal and external indicators can be considered using big data, effective measures can be taken to reduce the fire risk of buildings. To collect the data necessary to determine indicators, a query language was first selected, and professional literature was collected in the form of unstructured data using a web crawling technique. To collect the words in the literature, pre-processing was performed such as user dictionary registration, duplicate literature, and stopwords. Then, through a review of previous research, words were classified into four components, and representative keywords related to risk were selected from each component. Risk-related indicators were collected through analysis of related words of representative keywords. By examining the indicators according to their selection criteria, 20 indicators could be determined. This research methodology indicates the applicability of big data analysis for establishing measures to reduce fire risk in buildings, and the determined risk indicators can be used as reference materials for assessment.

Resilience Engineering Indicators and Safety Management: A Systematic Review

  • Ranasinghe, Udara;Jefferies, Marcus;Davis, Peter;Pillay, Manikam
    • Safety and Health at Work
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    • v.11 no.2
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    • pp.127-135
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    • 2020
  • A safe work environment is crucial in high-risk industries, such as construction refurbishment. Safety incidents caused by uncertainty and unexpected events in construction refurbishment systems are difficult to control using conventional safety management techniques. Resilience engineering (RE) is proposed as an alternative to traditional safety management approaches. It presents a successful safety management methodology designed to deal with uncertainty in high-risk work environments. Despite the fact that RE resides in the safety domain, there is no common set of RE indicators to measure and assess resilient in the work environment. The main aim of this research is to explore RE indicators that have been identified as important in developing and assessing the resilient work environment in high-risk industries, particularly in construction refurbishment. Indicators have been attained through a systematic literature review of research and scholarly articles published between the years 2004 and 2019. The literature review explored RE indicators in various industries. Descriptive analysis and co-occurrence-based network visualization were used for data analysis. The findings revealed 28 RE indicators in 11 different high-risk industries. The results show that the four commonly used indicators were: top-management commitment, awareness, learning, and flexibility, all of which have a strong relationship with RE. The findings of this study are useful for stakeholders when making decisions concerning the most important RE indicators in the context of their research or practice as this would avoid the ambiguity and disparity in the identification of RE indicators.

A study on the ecosystem-based fisheries assessment by quality analysis in Jeonnam marine ranching ecosystem (정량적 분석에 의한 전남바다목장의 생태계 기반 어업평가)

  • Park, Hee Won;Choi, Kwang Ho;Zhang, Chang Ik;Seo, Young Il;Kim, Heeyong
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.49 no.4
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    • pp.459-468
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    • 2013
  • In the application of the ecosystem-based fisheries assessment Jeonnam marine ranching ecosystem, two fisheries, funnel fishery and trap fishery, were selected as target fisheries. Black seabream, Acanthopagru schlegelii, rock bream, Sebastes inermis, gray mullet, Mugil cephalus, were selected as target species for the funnel fishery, and conger eel, Conger myriaster, was target species for the trap fishery. For assessing indicators of four management objectives, that is the maintenance of sustainability, biodiversity, habitat quality and socio-economic benefits, indicators were selected considering the availability of data, which were 5 indicators for sustainability, 3 indicators for biodiversity, 4 indicators for habitat, 2 indicators for socio-economic benefit. The Objective risk indices for sustainability and biodiversity of two fisheries were estimated at yellow zone, medium risk level. The objective risk indices for habitat and socio-economic benefit were estimated at green zone, safe level. The species risk indices (SRI) were estimated at yellow zone. The fishery risk indices (FRIs) were estimated at 1.143 and 1.400 for funnel net fishery and trap fishery, respectively. Finally the ecosystem risk index estimated at 1.184.

Bankruptcy Risk Level Forecasting Research for Automobile Parts Manufacturing Industry (자동차부품제조업의 부도 위험 수준 예측 연구)

  • Park, Kuen-Young;Han, Hyun-Soo
    • Journal of Information Technology Applications and Management
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    • v.20 no.4
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    • pp.221-234
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    • 2013
  • In this paper, we report bankruptcy risk level forecasting result for automobile parts manufacturing industry. With the premise that upstream supply risk and downstream demand risk could impact on automobile parts industry bankruptcy level in advance, we draw upon industry input-output table to use the economic indicators which could reflect the extent of supply and demand risk of the automobile parts industry. To verify the validity of each economic indicator, we applied simple linear regression for each indicators by varying the time lag from one month (t-1) to 12 months (t-12). Finally, with the valid indicators obtained through the simple regressions, the composition of valid economic indicators are derived using stepwise linear regression. Using the monthly automobile parts industry bankruptcy frequency data accumulated during the 5 years, R-square values of the stepwise linear regression results are 68.7%, 91.5%, 85.3% for the 3, 6, 9 months time lag cases each respectively. The computational testing results verifies the effectiveness of our approach in forecasting bankruptcy risk forecasting of the automobile parts industry.

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
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    • v.47 no.4
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    • pp.369-389
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    • 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.