• Journal of Korean Society of Disaster and Security
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• v.5 no.1
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• pp.43-47
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• 2012

The asset management of infra facilities is a total framework for finally supporting a safe and comfortable service, which includes functions of supporting evaluation of condition and performance of infrastructures, making the decision method of repair or rehabilitation of deteriorated facilities, and lengthening the life cycle of structure through the decision of adequate cost and time of repair or reinforcement. In the range of the asset management, organization, human, the target, and information & data of company are included. Therefore, in this paper, appling the method of asset management analysis to the infra structures, the process of the risk assesment using BRE (Business Risk Exposure) and the basis of consisting ORDM (Optimized Renewal Decision-Making) are expressed.

• The Journal of Economics, Marketing and Management
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• v.10 no.5
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• pp.1-6
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• 2022

Purpose: To overcome the question that depends too much on expert's subjective judgment in traditional risk identification, this paper structure the multilevel generalized fuzzy comprehensive evaluation mathematics model of the risk identification of project, to research the risk identification of the project. Research design, data and methodology: This paper constructs the multilevel generalized fuzzy comprehensive evaluation mathematics model. Through iterative algorithm of AHP analysis, make sure the important degree of the sub project in risk analysis, then combine expert's subjective judgment with objective quantitative analysis, and distinguish the risk through identification models. Meanwhile, the concrete method of multilevel generalized fuzzy comprehensive evaluation is probed. Using the index weights to analyse project risks is discussed in detail. Results: The improved fuzzy comprehensive evaluation algorithm is proposed in the paper, at first the method of fuzzy sets core is used to optimize the fuzzy relation matrix. It improves the capability of the algorithm. Then, the method of entropy weight is used to establish weight vectors. This makes the computation process fair and open. And thereby, the uncertainty of the evaluation result brought by the subjectivity can be avoided effectively and the evaluation result becomes more objective and more reasonable. Conclusions: In this paper, we use an improved fuzzy comprehensive evaluation method to evaluate a railroad engineering project risk. It can give a more reliable result for a reference of decision making.

• Journal of Korean Tunnelling and Underground Space Association
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• v.24 no.6
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• pp.725-744
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• 2022

As the construction of infrastructure using the underground tunnel in urban area have been rapidly increased, various accidents and collapses of tunnel including structure have been occurred in deep urban tunnelling. The concern and worry relating to the risk and safety of the tunnel during excavation is becoming the key issues in deep urban tunnelling. In this study, it was conducted for deep urban tunnel at GTX (Great Train Express) line which was located in Seoul metropolitan area to determine the risk characteristics for tunnel according to urban tunnelling. Also, it was reviewed the risk analysis and evaluation of the tunnel, shaft and station. And after a review of risk analysis and evaluation for risk register and hazard identification by using a risk matrix method, safety management of the tunnel according to excavation was evaluated to be secured. This study is expected to be applied as useful approach in deep urban tunnelling if you need to review the risk and safety management system of tunnel according to mitigation measures in complex urban tunnelling.

• International conference on construction engineering and project management
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• 2005.10a
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• pp.459-468
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• 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.

• Korean Journal of Construction Engineering and Management
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• v.6 no.1 s.23
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• pp.177-185
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• 2005

The purpose of this study is to develop a supporting tool for efficient management, at preconstruction phase, of the schedule risk that is able to generate at construction phase. The main contents of this study to develop a practical tool are as follows. First steel work was selected as a relevant trade and a risk breakdown structure focused on the process of steel work having large effect on total construction process was made. Secondly, the work flow considering schedule risk factor was made and schedule risks that must be managed preferentially through analyzing the grade of importance for risk was selected. Finally, based on above two procedure, the management form for schedule risk was developed It is necessary to accumulate abundant data for schedule risk for other construction process and to develop a manual and a schedule risk management system.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2013.05a
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• pp.192-193
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• 2013

In recent years, risks associated with mixed used development in urban regeneration projects which have actively been implemented have been on the rise due to uncertainties and complexities of those projects. Thus, risk management is needed to effectively manage those risks that may occur during the process of a project. Many studies have contributed to deal with risk management of those projects. These studies, however, have focused main on identification stage and deriving the main risk factors and have limitations on presenting the relationship among those risk factors. Since many risks are interdependent and have multiple effects, the purpose of this study is to present a way(ISM method) to provide a hierarchical structural framework of risks in Urban Regeneration. The structural of risks can helps decision makers to trace the actual source of these risks.

• Korean Journal of Construction Engineering and Management
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• v.25 no.1
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• pp.32-41
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• 2024

In the construction industry, not only safety accidents, but also various complex risks such as construction delays, cost increases, and environmental pollution occur, and management technologies are needed to solve them. Among them, process risk management, which directly affects the project, lacks related information compared to its importance. This study tried to develop a MATM tunnel process risk classification system to solve the difficulty of risk information retrieval due to the use of different classification systems for each project. Risk collection used existing literature review and experience mining techniques, and DB construction utilized the concept of natural language processing. For the structure of the classification system, the existing WBS structure was adopted in consideration of compatibility of data, and an RBS linked to the work species of the WBS was established. As a result of the research, a risk classification system was completed that easily identifies risks by work type and intuitively reveals risk characteristics and risk factors linked to risks. As a result of verifying the usability of the established classification system, it was found that the classification system was effective as risks and risk factors for each work type were easily identified by user input of keywords. Through this study, it is expected to contribute to preventing an increase in cost and construction period by identifying risks according to work types in advance when planning and designing NATM tunnels and establishing countermeasures suitable for those factors.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.12 no.2
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• pp.747-763
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• 2018

Information Technology (IT) plays an increasingly important role for small and medium-sized enterprises. It has become fundamental for these companies to protect information and IT assets in relation to risks and threats that have grown in recent years. This study aims to understand the importance and structure of an information security policy, using a quantitative study that intends to identify the most important and least relevant elements of an information security policy document. The findings of this study reveal that the top three most important elements in the structure of a security policy are the asset management, security risk management and define the scope of the policy. On the other side, the three least relevant elements include the executive summary, contacts and manual inspection. Additionally, the study reveals that the importance given to each element of the security policy is slightly changed according to the sectors of activity. The elements that show the greatest variability are the review process, executive summary and penalties. On the other side, the purpose of the policy and the asset management present a stable importance for all sectors of activity.

• International conference on construction engineering and project management
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• 2007.03a
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• pp.509-519
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• 2007

Private financing is playing an increasing role in public infrastructure construction projects worldwide. However, private investors/operators are exposed to the financial risk of low profitability due to the inaccurate estimation of facility demand, operation income, maintenance costs, etc. From the operator's perspective, a sound and thorough financial feasibility study is required to establish the appropriate capital structure of a project. Operators tend to reduce the equity amount to minimize the level of risk exposure, while creditors persist to raise it, in an attempt to secure a sufficient level of financial involvement from the operators. Therefore, it is important for creditors and operators to reach an agreement for a balanced capital structure that synthetically considers both profitability and repayment capacity. This paper presents an optimal capital structure model for successful private infrastructure investment. This model finds the optimized point where the profitability is balanced with the repayment capacity, with the use of the concept of utility function and multi-objective GA (Generic Algorithm)-based optimization. A case study is presented to show the validity of the model and its verification. The research conclusions provide a proper capital structure for privately-financed infrastructure projects through a proposed multi-objective model.

• International Journal of Computer Science & Network Security
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• v.23 no.6
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• pp.77-83
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• 2023

This research is conducted to minimize the potential security risks of conducting online exams to an acceptable level as vulnerabilities and threats to this type of exam are presented. This paper provides a general structure for the risk management process and some recommendations for increasing the level of security.