• Title/Summary/Keyword: Risk society

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Investigation and Empirical Validation of Industry Uncertainty Risk Factors Impacting on Bankruptcy Risk of the Firm (기업부도위험에 영향을 미치는 산업 불확실성 위험요인의 탐색과 실증 분석)

  • Han, Hyun-Soo;Park, Keun-Young
    • Korean Management Science Review
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    • v.33 no.3
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    • pp.105-117
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    • 2016
  • In this paper, we present empirical testing result to examine the validity of inbound supply and outbound demand risk factors in the sense of early predicting the firm's bankruptcy risk level. The risk factors are drawn from industry uncertainty attributes categorized as uncertainties of input market (inbound supply), and product market (outbound demand). On the basis of input-output table, industry level inbound and outbound sectors are identified to formalize supply chain structures, relevant inbound and outbound uncertainty attributes and corresponding risk factors. Subsequently, publicly available macro-economic indicators are used to appropriately quantify these risk factors. Total 68 industry level bankruptcy risk forecasting results are presented with the average R-square scores of between 53.4% and 37.1% with varying time lag. The findings offers useful insights to incorporate supply chain risk to the body of firm's bankruptcy risk level prediction literature.

A Qualitative Study on the Consumers' Risk Perception for the Counterfeit of Fashion luxury Brands (I) - Focused on Perceived Risk Types - (패션 명품(名品) 복제품(複製品) 소비자(消費者)의 위험지각(危險知覺)에 관(關)한 질적(質的) 연구(硏究) (I) - 지각(知覺)된 위험유형(危險類型)을 중심(中心)으로 -)

  • Kim, Il
    • Journal of Fashion Business
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    • v.9 no.1
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    • pp.120-136
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    • 2005
  • The purpose of this study is to analyze consumers' perceived risk which is shown in the process of purchase phase and consumption phase for the counterfeits of fashion luxury brands and to analyze the interrelationship of each type of perceived risk. The research method of the study used a qualitative approach. 6 informants were selected and then an in-depth interview was held with them. Through this process the data on the perceived risk for counterfeits were collected and analyzed. The results of the study are as follows; The perceived level of psychological risk including counterfeits exposure was extremely high; besides, economic risk and performance risk were also perceived. On the contrary, the perceived level of social risk and fashionability loss were relatively low. The risk perception for counterfeits appeared not only on the purchase phase but also on the consumption phase, and when perceived risk existed on the consumption phase, it had an influence on the level of perceived risk on the next purchase phase. However the psychological risk was continuously perceived on both purchase and consumption phase, even if it did not exist on the consumption phase. Psychological risk, economic risk and performance risk were not independent but interdependent. Moreover, the entire level of perceived risk could be controlled by reducing the level of other perceived risks when a certain type of risk was highly perceived.

Perceived Risk in Online Purchase of Sporting Goods (스포츠용품 인터넷 구매의 위험지각에 관한 연구)

  • Min Dai-Hwan;Lee Seung-Yeop;Rim Seong-Taek
    • Journal of Information Technology Applications and Management
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    • v.13 no.2
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    • pp.127-143
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    • 2006
  • As the number of Internet users increases, online shopping malls are gradually flourishing and sales are continuously growing. However, since consumers are not able to check what they purchase when buying products on the Internet, they are bound to have higher risk perception than buying directly from off-line stores. Especially, sporting goods require a special attention because a preliminary test is important. Therefore, the risk perception is much higher when people purchase sporting goods online. This study first identifies the multi-dimensionality of risk perception. Then, it investigates whether online purchasing experience of sporting goods makes differences in the level of risk perception. In addition, it examines whether the risk perception by those who had an experience in purchasing sporting goods online affects the customer satisfaction. This study has identified five dimensions in the concept of risk perception, such as financial risk, performance risk, security risk, delivery risk, and psychological/physical risk. A statistical analysis shows that people without an experience in purchasing sporting goods online have perceived significantly higher performance risk, security risk, and psychological/physical risk than those with online purchasing experiences. Finally, this study has found that delivery risk, financial risk, and psychological/physical risk have significant negative influences on the customer satisfaction.

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Risk Situation Analysis with usage Patterns of Mobile Devices

  • Kim, Jeong-Seok
    • Journal of the Korea Society of Computer and Information
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    • v.23 no.7
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    • pp.39-47
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    • 2018
  • This paper confirms the risk of using smartphone through the analysis of collected usage pattern and proposes the smartphone intervention system in risk situations. In order to check the risk of smartphone usage, we made information collecting application and collected smartphone usage pattern from 11 experiment participants for two months. By analyzing smartphone usage pattern, we confirmed that about 12% of smartphone usage is being used in driving, walking, and on the street. In addition, we analyzed the response rate of smartphone notification in risk situations and confirmed that user responds the smartphone notifications in real-time even in risk situations. Therefore, it is required to present a system that intervenes the use of smartphone in order to protect smartphone users in risk situations. In this paper, we classify risk situations of using smartphone. Also, the proposed smartphone intervention system is designed to periodically detect risk situations. In risk situations, smartphone function can be restricted according to user setting of smartphone. And smartphone can be used normally when safe situation is restored.

Development of Risk Management Process for KSLV-I Program (KSLV-I 사업을 위한 위험관리 프로세스 개발)

  • Yoo, Il-Sang;Cho, Kwang-Rae
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.29 no.1
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    • pp.94-100
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    • 2006
  • The risk management is an organized method for identifying and measuring risk and for selecting, developing, and implementing options for the handling of risk. The risk management covers all programatic and technical factors which affect the system development performance, cost, and schedule. While technical issues are primary concern for systems engineering, the three elements(performance, cost, and schedule) must be balanced for a successful risk management process. This paper proposes the risk management process for the KSLV-I(Korea Space Launch Vehicle-I) program using computer-aided systems engineering tool, Cradle. The risk management process of KSLV-I program is similar to the general risk management process, but it has its own specific features to manage large-scale complex characteristics of KSLV-I program.

Optimization of collaborative risk management in supply chain management (공급사슬경영에서의 협업적 리스크 관리의 최적화)

  • Jeong Jang Hwa;Lee Yeong Hae;Jeong Jeong U
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2002.05a
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    • pp.456-463
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    • 2002
  • Nowadays. risk management in the enterprise is considered as the important activity. Risk management ran be defined as the activity which is the analysis of risk factors related to damages, the estimation of the magnitude of risk, and the determination of investment to protect damage in a company. Initially, risk management was originated in financial areas. But the concept of risk has been expanded in the enterprise. Most companies have extended their activities in various areas. In this tendency, most activities must be considered in supply chain So, risk management must be ronsidered as the concept in the viewpoint of supply chain. The framework of risk management in supply chain and the related mathematical model are represented in this paper. Risk management in supply chain ran provide a positive opportunity not only to protect various damages, but also to improve the relationship between partners.

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Problems and Improvements in Surveys on Health Risk Behaviors among Adolescents in Korea (우리나라 청소년 건강위험행위 실태조사의 문제점과 개선방안)

  • Park, Eun-ok;Hyun, Mi-Yeul
    • Journal of the Korean Society of School Health
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    • v.18 no.1
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    • pp.59-69
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    • 2005
  • Purpose : This study was done for reviewing problems in surveys on youth health risk behaviors in Korea and for looking for strategies to improve surveys of youth health risk behaviors through literature review. Method : This study reviewed foreign and domestic literatures. Results : The main problems were as follows; 1) lack of health risk behavior surveys focused on health behaviors, 2) differences in health risk behaviors surveyed, 3) inconsistency in the measurement on health risk behaviors, 4) lack of representativeness of the sample, using convenient sampling. Conclusions: Several suggestions were made for the future research, including establishment of systems for youth health risk behavior survey nationwide, introduction of internet survey, maintenance of consistency in health risk behaviors surveyed, investigation of relating factors relevant to health risk behaviors, and uses of survey results.

Quantitative Risk Reduction Model according to SIL allocated by Risk Graph for Railway Platform Door System (Risk Graph에 의해 할당된 SIL에 따른 철도 승강장 도어 시스템의 정량적 Risk 저감 모델)

  • Song, Ki Tae;Lee, Sung Ill
    • Journal of the Korean Society of Safety
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    • v.31 no.5
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    • pp.141-148
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    • 2016
  • There exists required safety integrity level (SIL) to assure safety in accordance with international standards for every electrical / electronics / control equipment or systems with safety related functions. The SIL is allocated from lowest level (level 0) to highest level (level 4). In order to guarantee certain safety level that is internationally acceptable, application of methodology for SIL allocation and demonstration based on related international standards is required. Especially, in case of the SIL allocation method without determining of quantitative tolerable risk, the additional review is needed to check whether it is suitable or not is required. In this study, the quantitative risk reduction model based on the safety integrity allocation results of railway platform screen door system using Risk Graph method has been examined in order to review the suitability of quantitative risk reduction according to allocated safety integrity level.

Risk Analysis of Container Ship Accidents and Risk Mitigation Measures

  • Kim, Dong-Jin;Kwak, Su-Yong
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.22 no.3
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    • pp.259-267
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    • 2016
  • The study performs a risk analysis on container ship accidents using accident data collected over the six years from 2006 to 2011, presents the resulting risk level, and suggests three risk mitigation measures to reduce the overall risk, for the safer operation of container ships. More specifically, starting from the initial accident of collision, we developed 13 different accident scenarios using event tree analysis based on which the overall risk level was obtained and presented as a FN curve. Since diverse human factors are the main cause of most of the ship accidents, our study focuses on the effect of reducing human causes on the resulting risk level. For the research we considered the injuries for the calculation of fatality with the help of MAIS. The results show that collision was the main type of accident, accounting for 62 % of all accidents, and the measures employed were proven to be effective in the sense that the risk level was much lowered and the average number of fatalities was also reduced. With more data accumulated, more precise risk level will be calculated with which the practical risk mitigating measures will be also developed. For future study, economic loss and environmental damage as consequences need to be considered.