• Smart Structures and Systems
• /
• v.21 no.2
• /
• pp.249-255
• /
• 2018

Many studies in risk management have been focused on management process, contract relation, and risk analysis in the past decade, but very few studies have addressed project risks from the perspective of risk efficiency. This study started with using Fault Tree Analysis to develop a framework for the decision-making support system of risk management from the perspective of risk efficiency, in order for the support system to find risk strategies of optimal combination for the project manager by the trade-off between project risk and cost of project strategies. Comprehensive and realistic risk strategies must strive for optimal decisions that minimize project risks and risk strategies cost while addressing important data such as risk causes, risk probability, risk impact and risk strategies cost. The risk management in the construction phase of building projects in Taiwan upon important data has been analyzed, that provided the data for support system to include 247 risk causes. Then, 17 risk causes were extracted to demonstrates the decision-making support system of risk management from the perspective of risk efficiency in building project of Taiwan which could reach better combination type of risk strategies for the project manager by the trade-off between risk cost and project risk.

• Proceedings of the KSR Conference
• /
• 2008.06a
• /
• pp.1518-1523
• /
• 2008

Train collision and derailment are types of accident with low probability of occurrence, but they could lead to disastrous consequences including loss of lives and properties. The development of the risk assessment model has been called upon to predict and assess the risk for a long time. Nevertheless, the risk assessment model is recently introduced to the railway system in Korea. The classification of the hazardous events and causes is the commencement of the risk assessment model. In previous researches related to the classification, the hazardous events and causes were classified by centering the results. That classification was simple, but might not show the root cause of the hazardous events. This study has classified the train collision and derailment based on the relevant hazardous event including faults of the train related the accidents, and investigates the causes related to the hazardous events. For the risk assessment model, FTA (fault tree analysis) and ETA (event tree analysis) methods are introduced to assess the risk.

• Journal of the Korean Society of Safety
• /
• v.32 no.3
• /
• pp.83-89
• /
• 2017

A new technology has provided the nation, industry, society, and people with innovative and useful functions. National economy and society has been improved through this technology innovation. Despite the benefit of technology innovation, however, since technology society was sufficiently mature, the unintended side effect and negative impact of new technology on society and human beings has been highlighted. Thus, it is important to investigate a risk of new technology for the future society. Recently, the risks of the new technology are being suggested through a large amount of social data such as news articles and report contents. These data can be used as effective sources for quantitatively and systematically forecasting social risks of new technology. In this respect, this paper aims to propose a data-driven process for forecasting and assessing social risks of future new technology using the text mining, 4M(Man, Machine, Media, and Management) framework, and analytic hierarchy process (AHP). First, social risk factors are forecasted based on social risk keywords extracted by the text mining of documents containing social risk information of new technology. Second, the social risk keywords are classified into the 4M causes to identify the degree of risk causes. Finally, the AHP is applied to assess impact of social risk factors and 4M causes based on social risk keywords. The proposed approach is helpful for technology engineers, safety managers, and policy makers to consider social risks of new technology and their impact.

• Journal of Korean Society for Quality Management
• /
• v.46 no.2
• /
• pp.327-338
• /
• 2018

Purpose: A risk evaluation procedure is proposed for common failure causes in FMEA(Failure Mode and Effects Analysis). The conventional FMEA does not provide a proper means to compare common failure causes with other failure causes. This research aims to develop a risk evaluation procedure in FMEA where common failure causes and other failure causes exist together. Methods: For each common failure cause, the effect of each combination of its resulting failures is recommended to be reevaluated considering their interactive worsening effect. And the probability that each combination of failures is incurred by the same common cause is also considered. Based on these two factors, the severity of each common cause is determined. Other procedures are similar to the conventional method. Results: The proposed procedure enables to compare and prioritize every failure cause. Thus, the common causes, each of which incurring two or more failures, and other causes, each of which is corresponding to one failure, can be fairly compared. Conclusion: A fair and proper way of comparing the common failure causes and other causes is provided. The procedure is somewhat complicated and requires more works to do. But it is worth to do.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2015.11a
• /
• pp.60-61
• /
• 2015

In recent years, the accidents in construction projects are continuously increasing due to their complexity and variety. However, few studies have been conducted regarding the risk prediction model and the database of risk assessment in construction projects. To address of these issues, the objective of this study is to analyze the accident causes by using insured claim payouts of insurance companies. First, the descriptive analysis of accidents causes is conducted according to scheduling rate, season, and total construction costs. Second, the correlation analysis is conducted between accidents causes and total construction costs. In the future, the risk assessment model can be developed to quantify the accident causes in construction projects to estimate claim payouts of insurance companies.

• Journal of Korean Society for Quality Management
• /
• v.44 no.2
• /
• pp.373-388
• /
• 2016

Purpose: This paper suggests a hierarchical time delay model to evaluate failure risks in FMEA(failure modes and effects analysis). In place of the conventional RPN(risk priority number), a more reasonable and objective risk metric is proposed under hierarchical failure cause structure considering time delay between a failure mode and its causes. Methods: The structure of failure modes and their corresponding causes are analyzed together with the time gaps between occurrences of causes and failures. Assuming the severity of a failure depends on the length of the delayed time for corrective action, a severity model is developed. Using the expected severity, a risk priority metric is defined. Results: For linear and quadratic types of severity, nice forms of expected severity are derived and a meaningful metric for risk evaluation is defined. Conclusion: The suggested REM(risk evaluation metric) provides a more reasonable and objective risk measure than the conventional RPN for FMEA.

• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.12
• /
• pp.627-633
• /
• 2020

The study attempts to analyze the impact of firm's risk on capital structure in the context of seasonal and non-seasonal businesses. We use two independent variables namely credit risk and systematic risk and one dependent variable to explore this connection. Sugar sector is taken as seasonal while the textile sector as non-seasonal businesses. The panel data of twenty-five firms from each sector are taken ranging for the period of 2012 to 2019 which has been retrieved from their annual reports for empirical analysis of the study. The results reveal the negative impact of credit risk on capital structure in both types of businesses. Increasing (decreasing) one point of credit risk causes a decrease (increase) leverage ratio by 0.27 points for seasonal while increasing (decreasing) one point of credit risk causes to decrease (increase) leverage by 0.15 points for non-seasonal businesses. Furthermore, the study shows positive impact of systematic risk on leverage ratio in non-seasonal business and no impact in seasonal business. Any increase (decrease) in the systematic risk causes an incline (decline) leverage ratio by 2.68 units for non-seasonal businesses. The study provides a guideline to managers for risk management in businesses. The research focusses on theoretical as well as managerial and policy implications on risk management in businesses.

• Journal of the Korean Professional Engineers Association
• /
• v.34 no.5
• /
• pp.77-81
• /
• 2001

The industrial accident in subway of late is increasingly coming to the front as a serious problem of society because a scale of industrial accident is a large size, and powerfulness, while the percent of accident is decreasing as a result of industrial facilities with the largeness of equipment, automation, and high horse-powering. In this paper, a study on the estimation of accident loss prevention cost and risk analysis in subway construction is proposed as an alternative to the techniques currently used in the general construction projects safety. Then the concept of risk evaluation using a risk assessment model is presented to drive value of risk and numerical example for risk analysis. A means for this does grasp the importance of educational factor by way of analyzing the causes of accident through statistical data of labor department, emphasizing the necessity and the importance of safety education, being helpful to act safety by decreasing insecure activity which ranks the majority of accident causes with putting the education program, form, method into practice that are suitable for a place of business.

• Journal of the Korea Institute of Building Construction
• /
• v.17 no.3
• /
• pp.287-294
• /
• 2017

Recently the construction project is becoming large-sized, complicated, and modernize. This has increased the uncertainty of construction risk. Therefore, studies should be followed regarding scientifically identifying the risk factors, quantifying the frequency and severity of risk factors in order to develop a model that can quantitatively evaluate and manage the risk for response the increased risk in construction. To address the problem, this study analyze the probability distribution of risk causes, the probability of occurrence and frequency of the specific risk level through Monte Carlo simulation method based on the accident data caused at construction sites. In the end, this study derives quantitative analysis by analyzing the amount of risk and probability distributions of accident causes. The results of this study will be a basis for future quantitative risk management models and risk management research.

• Korean Journal of Health Education and Promotion
• /
• v.20 no.4
• /
• pp.51-65
• /
• 2003

Objectives： To examine the regional mortality differences in The Republic of Korea according to geographic location. Methods： All 232 administrative districts of the Republic of Korea in 1998 were studied according to their geographic locations by dividing each district into three categories； "metropolis," "urban," and "rural". Crude mortality rates for doth sexes from total deaths as well as the three major causes of death in Korea (cardiovascular disease, cancer, and external causes) were calculated with raw data from the "1998 report on the causes of death statistics" and resident registration data. Standardized mortality ratios (SMR) were calculated using the indirect standardization method. Poisson regression analyses were performed to examine the effects of geographic locations on the risk of death. To correct for the socioeconomic differences of each region, the percentage of old ($\geq$ 65 years old) population, the number of privately owned cars per 100 population, and per capita manufacturing production industries were included in the model. Results： Most SMRs were the lowest in the metropolis and the highest in the rural areas. These differences were more prominent in men and in deaths from external causes. In deaths from cancer in women, the rural region showed the lowest SMR. In Poisson regression analysis after correcting for regional socioeconomic differences, the risk of death from all causes significantly increased in both urban (OR＝1.111) and rural (OR＝1.100) regions, except for rural women, compared to the metropolis region. In men, the rural region showed higher risk (OR＝1.180) than the urban region (OR＝1.l51). For cardiovascular disease and cancer, significant differences were not found between geographic locations, except in urban women for cardiovascular disease (OR＝1.151) and in rural women for cancer (OR＝0.887), compared to metropolis women. In deaths from external causes, the risk ratios significantly increased in both urban and rural regions and an increasing tendency from the metropolis to the rural region was clearly observed in both sexes. Conclusions： Regional mortality differences according to geographic location exist in The Republic of Korea and further research and policy approaches to reduce these differences are needed. to reduce these differences are needed.