• Title/Summary/Keyword: Risk of Loss

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Considerations for Quantitative Risk Assessment of Landslides using GIS (GIS기반 산사태재해의 정량적 피해 산정을 위한 고려사항 분석)

  • Kim, Jung-Ok;Kim, Ji-Young;Kim, Hyo-Joong;Kim, Yong-Il
    • 한국방재학회:학술대회논문집
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    • 2008.02a
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    • pp.645-648
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    • 2008
  • This study provides considerations for quantitative risk assessment of landslide on GIS technology. It shows how the landslide possibility analysis is linked by GIS modeling to provide loss estimation tools for landslide hazards in support of socio-economic loss reduction efforts. Those risk assessment results can deliver factual damage situation prediction to policy making for the landslide damage mitigation.

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Relationship between the Risk Level and the Job Stress Level of Work Types in Architectural Work (건축건설공사의 공종별 위험도와 직무스트레스의 상관관계)

  • Kim, Jeongmin;Lee, Jong-Bin;Chang, Seong Rok
    • Journal of the Korean Society of Safety
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    • v.32 no.4
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    • pp.73-78
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    • 2017
  • In this study, the risk level of architectural works was calculated by applying work period and number of input workers based on accidents records from 2012 to 2014 and the architectural works were divided into four groups(High-High, High-Low, Low-High, Low-Low) according to risk levels of fatal accidents and loss time accidents. And then questionnaire on the job stress level of workers was performed for 670 workers working in the architectural work using Korean Occupational Stress Questionnaire Form developed by KOSHA. And then the relationship between the risk level and job stress level of four groups was analyzed. Results showed that 1) risk levels of fatal and loss time accidents applied by work period and input workers were analyzed to be different with those of previous research based on the number of fatal and loss time accidents; 2) job stress level of workers has been analyzed to have a significant relationship with the risk level of fatal and loss time accident; 3) specially, the average of job stress level of 'HH(High-High)' group was higher than those of other groups; 4) among the subfactors of job stress, interpersonal conflict, job insecurity, organizational system and lack of reward were analyzed to be key factors to affect the risk level.

Applications of Seismic Disaster Simulation Technology on Risk Management

  • Yeh, Chin-Hsun
    • 한국방재학회:학술대회논문집
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    • 2010.02a
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    • pp.16-24
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    • 2010
  • This paper introduces the applications of Taiwan Earthquake Loss Estimation System (TELES), which is developed by the National Center for Research on Earthquake Engineering (NCREE). Seismic disaster simulation technology (SDST) integrates geographical information system to assess the distribution of ground shaking intensity, ground failure probability, building damages, casualties, post-quake fires, debris, lifeline interruptions, economic losses, etc. given any set of seismic source parameters. The SDST may integrate with Taiwan Rapid Earthquake Information Release System (TREIRS) developed by Central Weather Bureau (CWB) to obtain valuable information soon after large earthquakes and to assist in decision-making processes to dispatch rescue and medical resources more efficiently. The SDST may also integrate with probabilistic seismic source model to evaluate various kinds of risk estimates, such as average annual loss, probable maximum loss in one event, and exceeding probability curves of various kinds of losses, to help proposing feasible countermeasures and risk management strategies.

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Risk Level Analysis of Architectural Work using AHP (AHP를 이용한 건축건설공사 공종별 위험도 분석)

  • Kim, Jeongmin;Lee, Jong-Bin;Chang, Seong Rok
    • Journal of the Korean Society of Safety
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    • v.32 no.5
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    • pp.96-102
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    • 2017
  • The highest fatal accident ratio was recorded in the construction industry. According to the industrial insurance premium rate & business type example, among the construction industry, the architectural work has the highest fatal and loss time accident ratio. Previous literature has investigated various aspects of accident occurrence and prevention in architectural work. However, those studied were limited in that they only focused on the fatal accident without considering the loss time accident. But non fatal accidents were recorded more than 50 times of fatal accidents. Therefore non fatal accidents must be controlled to lessen industrial accidents. Based on this, the goal of this study was to investigate the nature of the loss time accident and derive the risk index of work type in architectural work. In this study, opinions of safety experts were gathered and the risk index of work type was derived using AHP(Analytic Hierarchy Process). And verification was accomplished by comparing the results of this study with the risk index derived by analysis of accident records. Results showed that the risk index of work type was significantly higher in steel frame work, temporary installation work, earth & foundation work, facilities work, concrete work. And statistical analysis for verification showed that coefficient of Pearson correlation was 0.686 and P-value was 0.001.

Hearing loss screening tool (COBRA score) for newborns in primary care setting

  • Poonual, Watcharapol;Navacharoen, Niramon;Kangsanarak, Jaran;Namwongprom, Sirianong;Saokaew, Surasak
    • Clinical and Experimental Pediatrics
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    • v.60 no.11
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    • pp.353-358
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    • 2017
  • Purpose: To develop and evaluate a simple screening tool to assess hearing loss in newborns. A derived score was compared with the standard clinical practice tool. Methods: This cohort study was designed to screen the hearing of newborns using transiently evoked otoacoustic emission and auditory brain stem response, and to determine the risk factors associated with hearing loss of newborns in 3 tertiary hospitals in Northern Thailand. Data were prospectively collected from November 1, 2010 to May 31, 2012. To develop the risk score, clinical-risk indicators were measured by Poisson risk regression. The regression coefficients were transformed into item scores dividing each regression-coefficient with the smallest coefficient in the model, rounding the number to its nearest integer, and adding up to a total score. Results: Five clinical risk factors (Craniofacial anomaly, Ototoxicity, Birth weight, family history [Relative] of congenital sensorineural hearing loss, and Apgar score) were included in our COBRA score. The screening tool detected, by area under the receiver operating characteristic curve, more than 80% of existing hearing loss. The positive-likelihood ratio of hearing loss in patients with scores of 4, 6, and 8 were 25.21 (95% confidence interval [CI], 14.69-43.26), 58.52 (95% CI, 36.26-94.44), and 51.56 (95% CI, 33.74-78.82), respectively. This result was similar to the standard tool (The Joint Committee on Infant Hearing) of 26.72 (95% CI, 20.59-34.66). Conclusion: A simple screening tool of five predictors provides good prediction indices for newborn hearing loss, which may motivate parents to bring children for further appropriate testing and investigations.

Probabilistic earthquake risk consideration of existing precast industrial buildings through loss curves

  • Ali Yesilyurt;Seyhan O. Akcan;Oguzhan Cetindemir;A. Can Zulfikar
    • Geomechanics and Engineering
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    • v.37 no.6
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    • pp.565-576
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    • 2024
  • In this study, the earthquake risk assessment of single-story RC precast buildings in Turkey was carried out using loss curves. In this regard, Kocaeli, a seismically active city in the Marmara region, and this building class, which is preferred intensively, were considered. Quality and period parameters were defined based on structural and geometric properties. Depending on these parameters, nine main sub-classes were defined to represent the building stock in the region. First, considering the mean fragility curves and four different central damage ratio models, vulnerability curves for each sub-class were computed as a function of spectral acceleration. Then, probabilistic seismic hazard analyses were performed for stiff and soft soil conditions for different earthquake probabilities of exceedance in 50 years. In the last step, 90 loss curves were derived based on vulnerability and hazard results. Within the scope of the study, the comparative parametric evaluations for three different earthquake intensity levels showed that the structural damage ratio values for nine sub-classes changed significantly. In addition, the quality parameter was found to be more effective on a structure's damage state than the period parameter. It is evident that since loss curves allow direct loss ratio calculation for any hazard level without needing seismic hazard and damage analysis, they are considered essential tools in rapid earthquake risk estimation and mitigation initiatives.

Strategies for Risk Management of Agricultural Business in Agricultural Companies (농업경영체의 농업경영위험관리 전략에 관한 연구)

  • Kim, Cheol-Ho
    • Journal of Agricultural Extension & Community Development
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    • v.18 no.3
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    • pp.631-664
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    • 2011
  • As agricultural companies encounter number of risks in their business, it is very important to control the risks for their stable management. So we examine the agricultural business risks and propose the risk management strategies for the agricultural companies. For these purpose, we analyze the agricultural business risks with which agricultural companies are confronted, and propose the agricultural companies' the risk management strategies. The results of this study are as follows : First, Changing the risk environment of agricultural business, we have to realize the importance of the agricultural risks and risk management in it. Second, When we choose the risk management strategies which are risk retention, risk avoidance, risk control, risk transfer and insurance, etc., we should always consider the frequency of loss and the severity of loss. Third, If we don't control the agricultural risks, we will be in a position to very difficult situation. So, Agricultural companies should lead to stronger effort to manage the risks for their stable business.

A Study on the Optimization Methods of Security Risk Analysis and Management (경비위험 분석 및 관리의 최적화 방안에 관한 연구)

  • Lee, Doo-Suck
    • Korean Security Journal
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    • no.10
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    • pp.189-213
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    • 2005
  • Risk management should be controlled systematically by effectively evaluating and suggesting countermeasures against the various risks which are followed by the change of the society and environment. These days, enterprise risk management became a new trend in the field. The first step in risk analysis is to recognize the risk factors, that is to verify the vulnerabilities of loss in the security facilities. The second step is to consider the probability of loss in assessing the risk factors. And the third step is to evaluate the criticality of loss. The security manager will determine the assessment grades and then the risk levels of each risk factor, on the basis of the result of risk analysis which includes the assessment of vulnerability, the provability of loss and the criticality. It is of great importance to put the result of risk analysis in mathematical statement for a scientific approach to risk management. Using the risk levels gained from the risk analysis, the security manager can develop a comprehensive and supplementary security plan. In planning the risk management measures to prepare against and minimize the loss, insurance is one of the best loss-prevention programs. However, insurance in and of itself is no longer able to meet the security challenges faced by major corporations. The security manager have to consider the cost-effectiveness, to suggest the productive risk management alternatives by using the security files which contains every information about the security matters. Also he/she have to reinforce the company regulations on security and safety, and to execute education repeatedly on security and risk management. Risk management makes the most efficient before-the-loss arrangement for and after-the-loss continuation of a business. So it is very much important to suggest a best cost-effective and realistic alternatives for optimizing risk management above all, and this function should by maintained and developed continuously and repeatedly.

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Estimation of Economic Risk Capital of Insurance Company using the Extreme Value Theory (극단치이론을 이용한 보험사 위험자본의 추정)

  • Yeo, Sung-Chil;Chang, Dong-Han;Lee, Byung-Mo
    • The Korean Journal of Applied Statistics
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    • v.20 no.2
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    • pp.291-311
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    • 2007
  • With a series of unexpected huge losses in the financial markets around the world recently, especially in the insurance market with extreme loss cases such as catastrophes, there is an increasing demand for risk management for extreme loss exposures due to high unpredictability of those risks. For extreme risk management, to make a maximum use of the information concerning the tail part of a loss distribution, EVT(Extreme Value Theory) modelling nay be the best to analyze extreme values. The Extreme Value Theory is widely used in practice and, especially in financal markets, EVT modelling is getting popular to analyBe the effects of extreme risks. This study is to review the significance of the Extreme Value Theory in risk management and, focusing on analyzing insurer's risk capital, extreme risk is measured using the real fire loss data and insurer's specific amount of risk capital is figured out to buffer the extreme risk.

Development of Loss Model Based on Quantitative Risk Analysis of Infrastructure Construction Project: Focusing on Bridge Construction Project (인프라건설 프로젝트 리스크 분석에 따른 손실 정량화 모델 개발 연구: 교량프로젝트를 중심으로)

  • Oh, Gyu-Ho;Ahn, Sungjin
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2022.04a
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    • pp.208-209
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    • 2022
  • This study aims to analyze the risk factors caused by object damage and third-party damage loss in actual bridge construction based on past insurance premium payment data from major domestic insurers for bridge construction projects, and develop a quantitative loss prediction model. For the development of quantitative bridge construction loss model, the dependent variable was selected as the loss ratio, and the independent variable adopted 1) Technical factors: superstructure type, foundation type, construction method, and bridge length 2) Natural hazards: flood anf Typhoon, 3) Project information: total construction duration, total cost and ranking. Among the selected independent variables, superstructure type, construction method, and project period were shown to affect the ratio of bridge construction losses, while superstructure, foundation, flood and ranking were shown to affect the ratio of the third-party losses.

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