• Title/Summary/Keyword: RiskMetrics

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Professional Security Management and Investigation for the New Competitive Advantage

  • Button, Mark;Lee, Ju-Lak;Kim, Hak-Kyong
    • International Journal of Contents
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    • v.7 no.3
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    • pp.71-81
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    • 2011
  • This paper is mainly associated with setting out an agenda for the transformation of security by creating a new framework for a security system, which can maximise its effectiveness. Noticeably, this research shows empirically that crimes are getting a major cost to organisations, which if reduced by security and investigations could reap substantial rewards to the finances of an organisation. However, the problem is that the delivery of security is frequently delegated to personnel (e.g. security guards) with limited training, inadequate education, and no real commitment to professionalism - 'sub-prime' security, finally causing security failures. Therefore, if security can be enhanced to reduce the crime cost, this will produce financial benefits to business, and consequently could produce a competitive advantage. For this, the paper basically draws upon Luke's theoretical framework for deconstructing 'power' into three dimensions. Using this three-dimensional approach, the paper further sets out a model of how security can be enhanced, utilising a new Security Risk Management (SRM) model, and how can this SRM model create competitive advantage in business. Finally, this paper ends with the six strategies needed to enhance the quality of security: refiguring as SRM, Professional Staff, Accurate Measurement, Prevention, Cultural Change, and Metrics.

Ultrafine Particle Toxicities, Current Measurement Techniques and Controls (Ultrafine Particle의 독성, 측정방법 및 관리)

  • Lee, Su-Gil;Kim, Seong-Soo
    • Journal of Korean Society of Occupational and Environmental Hygiene
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    • v.20 no.3
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    • pp.203-215
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    • 2010
  • This study is an overview of toxicities and measurement techniques of ultrafine particles (UFPs), and their exposure controls. UFPs are ubiquitous in many working situations. Exposure to UFPs is possibly causing adverse health symptoms including cardio-respiratory disease to humans. In order to measure exposure levels of airborne UFPs, there are current available measurement guidelines, instruments and other techniques (i.e. contour mapping, control banding). However, these risk assessment techniques including measurement techniques, controls and guidelines are dependent on background levels, metrics (e.g. size, mass, number, surface area, composition), environmental conditions and controls. There are no standardized measurement methods available and no generic and specific occupational exposure standards for UFPs. It is thought that there needs to be more effort to develop Regulations and Exposure Standards for generic UFPs should be based on more exposure data, health surveys, toxicological data and epidemiological data. A carefully considered hierarchy of controls can also reduce the maximum amount of airborne UFPs being emitted from diverse sources in industries.

Using Real Options to value the flexibility of Engineering Management decisions in Infrastructure Projects

  • Koo, Bonsang
    • Journal of Construction Engineering and Project Management
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    • v.3 no.1
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    • pp.10-13
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    • 2013
  • Determining on a particular construction method is typically decided in the initial phases of a project. However, changing conditions during actual construction may require a different method or technology to be employed. Providing an option for project managers to change construction provides flexibility that can increase value to the overall project. This research provides the ability to modify construction methods as a real option, which allows its value to be modeled. The research also formalizes a way to integrate a binomial lattice model with the Earned Value Method's S-curve. The integrated model provides a decision support tool that planners can use to determine whether to exercise the option depending on the status metrics provided by EVM.

International Standardization of Reliability Assessment for Wind Turbines and Wind Farms (풍력발전기 및 풍력발전단지 신뢰성 평가 국제 표준화)

  • Kim, Seokwoo
    • Journal of Wind Energy
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    • v.9 no.4
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    • pp.5-8
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    • 2018
  • Optimum performance and reliable operation of wind turbines and/or wind farms are crucial parameters for stakeholders such as OEMs, operators, owners and investors. The efficiency and life time of wind power heavily depends on operation and maintenance efforts. Every manufacturer or owner wants to have wind turbines with high reliability, which can be defined as the probability that a wind turbine will perform its designed function for a certain period of time under stated conditions. In this regard, IEC WG26 is now developing a technical specification defining information categories from which reliability metrics can be identified and reported.

Analysis of Blockchain Network and Cryptocurrency Safety Issues

  • Taegyu Lee
    • International journal of advanced smart convergence
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    • v.12 no.3
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    • pp.40-50
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    • 2023
  • Blockchain is a technology designed to prevent tampering with digital documents or information, safeguarding transaction data and managing it in a structured manner. This proves beneficial in addressing issues of trust and data protection in B2B, B2C, and C2B transactions. Blockchain finds utility not only in financial transactions but also across diverse industrial sectors. This study outlines significant cases and responses that jeopardize the security of blockchain networks and cryptocurrency technology. Additionally, it analyzes safety and risk factors related to blockchain and proposes effective testing methods to preemptively counter these challenges. Furthermore, this study presents key security evaluation metrics for blockchain to ensure a balanced assessment. Additionally, it provides evaluation methods and various test case models for validating the security of blockchain and cryptocurrency transaction services, making them easily applicable to the testing process.

Integrating Real Options with Earned Value methods as a decision support tool for the financial evaluation of alternative construction methods

  • Bonsang Koo
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.129-132
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    • 2013
  • Determining on a particular construction method is typically decided in the initial phases of a project. However, changing conditions during actual construction may require a different method or technology to be employed. Providing an option for project managers to change construction provides flexibility that can increase value to the overall project. This research provides the ability to modify construction methods as a real option, which allows its value to be modeled. The research also formalizes a way to integrate a binomial lattice model with the Earned Value Method's S-curve. The integrated model provides a decision support tool that planners can use to determine whether to exercise the option depending on the status metrics provided by EVM.

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Risk Scoring System for Software Vulnerability Using Public Vulnerability Information (공개 취약점 정보를 활용한 소프트웨어 취약점 위험도 스코어링 시스템)

  • Kim, Min Cheol;Oh, Sejoon;Kang, Hyunjae;Kim, Jinsoo;Kim, Huy Kang
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.28 no.6
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    • pp.1449-1461
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    • 2018
  • As the number of software vulnerabilities grows year by year, attacks on software are also taking place a lot. As a result, the security administrator must identify and patch vulnerabilities in the software. However, it is important to prioritize the patches because patches for all vulnerabilities are realistically hard. In this paper, we propose a scoring system that expands the scale of risk assessment metric by taking into consideration attack patterns or weaknesses cause vulnerabilities with the vulnerability information provided by the NIST(National Institute of Standards and Technology). The proposed scoring system is expanded based on the CWSS and uses only public vulnerability information to utilize easily for any company. In this paper, we applied the automated scoring system to software vulnerabilities, and showed the expanded metrics with consideration for influence of attack pattern and weakness are meaningful.

Risk Analysis of Aircraft Operations in Seoul TMA Based on DAA Well Clear Metrics using Recorded ADS-B Data (ADS-B 데이터를 이용한 서울 TMA에서의 DAA Well Clear 기반 위험도 분석)

  • Lee, Hak-Tae;Lee, Hyeonwoong
    • Journal of Advanced Navigation Technology
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    • v.24 no.6
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    • pp.527-532
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    • 2020
  • Seoul terminal maneuvering area (TMA) that includes Incheon International Airport (ICN) and Gimpo International Airport is a very congested airspace with around 1,000 daily flights and the airspace blocked at the boundary between Incheon flight information region (FIR) and Pyongyang FIR. Consequently, with frequency radar vectorings, separation assurance in this airspace is complicated thus resulting in higher controller workload. In this paper, the conflict and collision risks in Seoul TMA are analyzed using recorded ADS-B data for past three years. Using the recorded trajectories, original flight plan procesures and routes are reconstructed and the risks are quantified using detect and avoid well clear (DWC) metric that is developed for large unmanned aircraft system. The region west of ICN was found to be the highest risk area regardless of the runway directions. In addition, merge and crossing points between procedures displayed relatively high risks.

Assessment of Safety Climate Metrics in Construction Safety Management (건설 안전관리를 위한 Safety Climate 평가요인별 중요도 분석 연구)

  • Han, Bum-Jin;Kim, Taehui;Son, Seunghyun
    • Journal of the Korea Institute of Building Construction
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    • v.23 no.5
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    • pp.607-618
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    • 2023
  • Pervasive research underscores the direct correlation between an enhanced safety climate and a marked reduction in accidents. The intricacies of safety climate are governed by three pivotal strata: organizational management, on-site operations, and the broader enterprise framework. Within an organizational context, sustaining optimal performance across these layers poses a considerable challenge, often attributable to the constraints of available managerial bandwidth. It becomes imperative, then, to conceive a phased enhancement blueprint for the safety climate. To orchestrate this blueprint with precision, a discerning understanding of the hierarchy of safety climate metrics is essential, which subsequently guides judicious managerial resource allocation. This investigation is anchored in elucidating the hierarchical significance of safety climate metrics through the Analytical Hierarchy Process(AHP). Implementing the AHP framework, both a questionnaire was disseminated and a subsequent analysis undertaken, culminating in the extraction of relative priorities of safety climate determinants. Consequent to this analysis, "workers' safety prioritization and risk aversion" emerged as the foremost dimension, holding a significance weight of 0.1900. Furthermore, within the detailed elements, "unwavering adherence to safety mandates amidst demanding operational constraints" ranked supreme, manifesting a weight of 0.6663. The findings encapsulated in this study are poised to be foundational in sculpting improvements at an institutional level and devising policies, all with the end goal of fostering an exemplar safety climate within construction arenas.

An Exploratory Research on Quantitative Risk Assessment Methodology Throughout Success Factor Analysis in Project Financing (PF 개발사업의 성공요인 분석을 통한 리스크 평가체계 구축을 위한 기초연구)

  • Lee, Dong-Gun;Cha, Hee-Sung
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.5
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    • pp.92-102
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    • 2013
  • A Project Financing (PF) is a form of project delivery system that is carried out for the purpose of trying to give help to the development of national economy and the construction industry in order attract private investment. However, in the case of Korea, many PF projects are only taking into account the aspect of maximizing development benefits, and the proliferation of PF results in project failure. In addition, the interruption of business has been one after another in the aftermath of the recent financial crisis. These major cause is the result of efforts to block the potential risk of objectively quantifying operations. Nowadays, PF risk analysis in terms of various factors is insufficient. The purpose of this study is to identify and quantify the extensive risk elements to classify the cause of affecting the success of the project PF study prior to propose a methodology for evaluating the integrity of the project PF based on this and to provide a quantitative system that can evaluate the business risk. This study identified the factors that affect the PF business success and failure and establish the metrics that can be quantified through existing research and expert interviews. Factors influencing the success of the PF obtained as a result of surveys and interviews in assessing the soundness of the PF development conditions in the future be able to take advantage of, as well as an objective assessment tool to be able to take advantage of the development is expected.