• Title/Summary/Keyword: Value at risk

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Pursuit of Shopping Value and Risk Perception in Consumers Participating in Internet Auction (소비자의 쇼핑 가치와 위험지각 연구 - 인터넷 경매에서 경매 이용자를 중심으로 -)

  • Choi, Young-Hee;Lee, Eun-Hee
    • Journal of the Korean Home Economics Association
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    • v.45 no.5
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    • pp.95-119
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    • 2007
  • The purpose of this study was to investigate the shopping values(utilitarian and hedonic values) sought and the risks(economic, functional, socio-psychological, and privacy) perceived by consumers who participate in Internet auctions by determining the factors that affect their shopping values and risk perceptions. Empirical data were collected by an Internet survey of netizens who were interested in and had experience in Internet auctions. Questionnaires were distributed to the subjects through an Internet survey site and at an Internet auction cafe. A total of 300 questionnaires were analyzed. The results showed that consumers showed a slightly greater pursuit of a utilitarian value than a hedonic outcome in their Internet auction practices; however the outcomes pursued by consumers in their teens and twenties tended to be more hedonic than utilitarian. Consumers with a higher level of innovation, self-confidence in purchase, and need for information searching showed a greater pursuit of utilitarian and hedonic outcomes. The group of consumers with a higher expectation for legal protection pursued a more utilitarian outcome, whereas the group of consumers with higher influence from the reference group pursued a more hedonic outcome. The consumers showed that they perceived functional risk as boing most serious, followed by privacy risk, economic risk, and socio-psychological risk. Subjects with higher degrees of innovation, self-confidence in purchase and self-control perceived economic risk as critical. Functional risk was perceived to be highest in the group of consumers with self-control and a need for information searching, whereas socio-psychological risk was perceived to be highest in the group of consumers showing more self-control. Privacy risk was perceived to be highest in the group of consumers with a higher degree of innovation and lowest in both groups of higher and lower affection. Both economic and privacy risks were perceived to be lower in the group of lower pursuit of a hedonic outcome.

Investigation of Cumulative Trauma Disorders in Manual Tasks - Case Study at Osram Sylvania, Inc. - (장기간의 작업으로 인한 손상 누적성 장애에 관한 연구 -Osram Sylvania, Inc.의 사례 연구-)

  • ;Andris Freivalds
    • Journal of the Korean Society of Safety
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    • v.12 no.4
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    • pp.153-160
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    • 1997
  • The purpose of this paper is to present design recommendations intended to reduce the risk of cumulative trauma disorders(CTD) at the Osram Slvania, Inc. The CTD risk index score is a method which quantifies the risk factors to CTD incidence, namely extreme postures, high force elements, frequent damaging hand motions, and other miscellaneous factors. The risk index score quantified the jobs as a single composite value by weighting the scores for each risk factor. Jobs were prioritized for capital outlays in workstation redesign, and the factors of highest risk within each job could be identified. Three jobs which presented the greatest risk of CTD incidence were redesigned ergonomically.

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Saddlepoint approximations for the risk measures of linear portfolios based on generalized hyperbolic distributions (일반화 쌍곡분포 기반 선형 포트폴리오 위험측도에 대한 안장점근사)

  • Na, Jonghwa
    • Journal of the Korean Data and Information Science Society
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    • v.27 no.4
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    • pp.959-967
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    • 2016
  • Distributional assumptions on equity returns play a key role in valuation theories for derivative securities. Elberlein and Keller (1995) investigated the distributional form of compound returns and found that some of standard assumptions can not be justified. Instead, Generalized Hyperbolic (GH) distribution fit the empirical returns with high accuracy. Hu and Kercheval (2007) also show that the normal distribution leads to VaR (Value at Risk) estimate that significantly underestimate the realized empirical values, while the GH distributions do not. We consider saddlepoint approximations to estimate the VaR and the ES (Expected Shortfall) which frequently encountered in finance and insurance as measures of risk management. We supposed GH distributions instead of normal ones, as underlying distribution of linear portfolios. Simulation results show the saddlepoint approximations are very accurate than normal ones.

A Study on the Effect of the Perceived Value and Risk of Internet Shopping on the Purchase Intention of the Fashion Merchandise (인터넷 쇼핑에서의 지각된 가치와 위험이 패션상품 구매의도에 미치는 영향에 관한 연구)

  • Na, Youn-Kue;Hong, Byung-Sook;Kang, Sung-Min
    • Journal of the Korean Society of Clothing and Textiles
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    • v.32 no.8
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    • pp.1213-1225
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    • 2008
  • This study looks at the customer's perceived value and perceived risk of Fashion merchandise e-commerce and the Shopping-mall trust of the Internet shopping-mall these external variables are applied to the innovative technical use model, the TAM(Technology Acceptance Model), to see the effect on the Shopping-mall attitude toward using the Internet shopping-mall and intention of purchase. Through this, the external variables that play an important role in e-commerce can be studied. The result showed that purchase intention of an individual differs by shopping-mall type and different factors affect purchase intention of the fashion merchandise for each shopping-mall type.

Risk assessment for Soil Contamination Warning Standard and Soil Background Concentration (토양오염 우려기준과 토양 자연배경농도에 대한 위해성평가)

  • Shin, Dong;Park, Seong-Jae;Jo, Young Tae;Bong, Jae-eun;Park, Jeong-Hun
    • Journal of Soil and Groundwater Environment
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    • v.26 no.3
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    • pp.37-49
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    • 2021
  • There is domestic Soil Contamination Warning Standard (SCWS) as remediation standard concentration of contaminated soils. No risk should be observed at soil concentration less than SCWS. Therefore, SCWS was evaluated to confirm the risk assessment. Background Concentration of Soil (BGC) and target remediation concentration were also assessed. The results show that Excess Cancer Risk (ECR) of SCWS was the highest in the groundwater intake pathway (Adult: 6.27E-04, Child: 2.81E-04). Total Cancer Risk (TCR) was 7.76E-04 and 4.30E-04 for adult and child, exceeding reference value (10-6). Hazard Quotient (Non-Carcinogenic Risk, HQ) was the highest in the indoor air inhalation pathway (Adult: 3.64E+03, Child: 8.74E+02). Hazard Index (Total Non-Carcinogenic Risk, HI) exceeded reference value 1. ECR of the BGC was the highest in the groundwater intake pathway (Adult: 1.71E-04, Child: 7.67E-05). TCR was 2.12E-04 for adults and 1.17E-04 for children, exceeding the reference value (10-6). HQ was the highest in groundwater intake pathway (Adult: 4.10E-01, Child: 1.84E-01). HI was lower than reference value 1 (Adult: 4.78E-01, Child: 2.50E-01). The heavy metal affecting ECR was Arsenic (As). The remediation-concentration of As was 7.14 mg/kg which is higher than BGC (6.83 mg/kg). TCR of As should be less than reference value (10-6), but it was higher for all of SCWS, BGC and target remediation concentration. Therefore, it is suggested that risk assessment factors should be re-evaluated to fit domestic environmental settings and SCWS should be induced to satisfy the risk assessment.

Analysis on the Risk-Based Screening Levels Determined by Various Risk Assessment Tools (II): Derivation of Particulate Emission Factor at Former Janghang Smelter Site (다양한 위해성평가 방법에 따라 도출한 토양오염 판정기준의 차이에 관한 연구 (II): (구)장항제련소부지의 기상 및 부지 특성을 반영한 비산계수 결정)

  • Jung, Jae-Woong;Yang, Kyung;Lee, Gwang-Hun;Ryu, Hye-Rim;Nam, Kyoung-Phile
    • Journal of Soil and Groundwater Environment
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    • v.17 no.3
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    • pp.21-31
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    • 2012
  • This paper presents the short-term and long-term measures to determine the fugitive dust concentration in a contaminated site, which is a crucial step for the determination of particulate emission factor (PEF) for risk assessment. As a long-term measure, USEPA method employing Q/C value (inverse of the ratio of the geometric mean air concentration to the emission flux at center of a 0.5-acre square source) seems to be suitable as it reflects regional-specific meteorological conditions. However, it requires nation-wide database collection and interpretation. Use of ASTM method is an alternative as a short-term measure. The method is readily field-applicable as PEF calculation equation is simple and input parameters can be easily derived at the site of interest as well without the nation-wide efforts. Using ASTM method, PEF at the Former Janghang Smelter Site was determined. According to various mode of aggregate size distribution and fractions of vegetative cover, which are the most important factors in PEF calculation, PEF values at the Former Janghang Smelter Site varied greatly. When the mode of aggregate size distribution was set at 0.25 mm, PEF values at the Former Janghang Smelter Site was 5~20 times higher than the default PEF value (i.e., 35 ${\mu}g/m^3$) shown in the current Korean Soil Contamination Risk Assessment Guidance. On contrast, when the mode was set at 2 mm, PEF values at the Former Janghang Smelter Site was 160~640 times lower than the default PEF value in the Korean Guidance.

Measurement and Analysis of Risk Voltages in a Grounding System (접지계에서 위험전압의 측정과 분석)

  • Jin, Chang-Hwan;Park, Dae-Won;Seo, Jae-Seok;Kil, Gyung-Suk;Gil, Hyeong-Jun
    • Proceedings of the KSR Conference
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    • 2011.10a
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    • pp.3099-3103
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    • 2011
  • In measurement of risk voltages; the step and touch voltage, the distance between the current electrode and the ground electrode recedes up to several hundred meters as the scale of grounding system increases. This paper dealt with the measurement method of risk voltage in a restricted space. The risk voltage was analyzed depending on the distance and the direction of the current electrode from the ground electrode in a $10[m]{\times}10[m]$ mesh grounding system. The average value of risk voltages measured at a point 20 [m] away from the current electrode was deviated below 5 [%] from that measured at 100 [m] point. Consequently, the evaluation of risk voltage of a large-scale grounding system buried in a spatially restricted place is available if the current electrode is installed in symmetry to the ground electrode.

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A Study on Risk Response against Ship Fire using Robot

  • Park, Dea-Woo;Park, Young-Suk;Nam, Jae-Min
    • Journal of information and communication convergence engineering
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    • v.9 no.2
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    • pp.230-234
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    • 2011
  • It is endeavoring for sea safety and fire[1] at sea prevention solidifying control of standard technology and safety supervision aspect in IMO[2] but sea accident and ship fire are happening continuously. Because using Robot in artistic talent of ship in this treatise, studied that correspond to Risk and manage. Attach fire perception sensor for Robot's Risk confrontation, and because using infrared rays sensor, TOUCH SWITCH, sound perception sensor, gas perception sensor, light perception sensor that is threaded in Robot and is achieved, controlled Robot, and establish Low-High value the speed of sound output use and DC MOTOR and COM SEN of when indicate Risk confrontation to Robot and establish Robot's Risk confrontation administration action.

The Study of Consumer's Clothing Discount Store Selection Behavior by Their Price Attitude and Risk Perception (소비자의 가격태도와 위험지각에 따른 의류할인점 선택행동에 관한 연구)

  • 박은주;홍금희
    • Journal of the Korean Society of Clothing and Textiles
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    • v.23 no.4
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    • pp.529-540
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    • 1999
  • The purpose of this study is examine how price attitude and risk perception affect6 consumer's attitude to clothing discount stores. As for the methods of the research 313 female consumers who just finished shopping at discount stores were interviewed and questioned. The result is as the following. 1. The factors such as discount price inclination effective value inclination price-quality association and price-social grade association in the price attitude as well as social psychological risk and the risk of losing opportunity in the risk perception affected consumer's attitude to clothing discount store. 2. The domestic national brand discount store acquired the highest scores in all factors but discount inclination factor and low price inclination factor. No difference was seen between stores in terms of the risk perception. 3. The determining factors for repurchase intention were found to be store satisfaction and the attitude to clothing discount store. 4. The convenience of transportation the availability of exchange or repair the payment option the quality of the product and the attributes of the store e, g, good quality with relatively low price affected the store satisfaction. 5. Domestic national brand discount store showed higher score in 'good quality with relatively low price' than domestic casual brand discount store did. And difference between groups was found in repurchase intention, Conclusively most consumers using clothing discount stores are effective value-oriented.

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Forecasting Project Cost and Time using Fuzzy Set Theory and Contractors' Judgment

  • Alshibani, Adel
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.174-178
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    • 2015
  • This paper presents a new method for forecasting construction project cost and time at completion or at any intermediate time horizon of the project duration. The method is designed to overcome identified limitations of current applications of earned value method in forecasting project cost and time. The proposed method usesfuzzy set theory to model uncertainties associated with project performance and it integrates the earned value technique and the contractors' judgement. The fuzzy set theory is applied as an alternative approach to deterministic and probabilistic methods. Using fuzzy set theory allows contractors to: (1) perform risk analysis for different scenarios of project performance indices, and (2) perform different scenarios expressing vagueness and imprecision of forecasted project cost and time using a set of measures and indices. Unlike the current applications of Earned Value Method(EVM), The proposed method has a numberof interesting features: (1) integrating contractors' judgement in forecasting project performance; (2) enabling contractors to evaluate the risk associated with cost overrun in much simpler method comparing with that of simulation, and (3) accounting for uncertainties involved in the forecasting project cost.

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