• Journal of the Korean Society of Safety
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• v.24 no.2
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• pp.13-16
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• 2009

A ski lifter for winter sports is one of the necessary and familiar facilities. But recently safety concern about ski lifter has been built. The ski lifter crash in Pocheon happened recently showed an example of safety concern and frigidity for safety awareness. In this report, the cause of the ski lifter crash in Pocheon was reviewed, and some suggestions were made to prevent a similar accident base on this review.

• Journal of the Korean Society for Aeronautical & Space Sciences
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• v.40 no.1
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• pp.61-68
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• 2012

The purpose of Crash Protected Module in Black Box used at aircraft is to protect a stored information(Flight data & Cockpit Voice) safely even after extreme environment like a plane crash. This study shows the structure & thermal analyses and the comparisons of predictions and results of tests about CPM for Crash Survival through extreme environment such as Penetration Resistance, High Temperature Fire, Low Temperature Fire. Specially, the Effect of housing thickness change was studied through the Penetration Resistance analysis using LS-DYNA, and the influence of volume ratio change between phase change material and thermal insulation material was studied through the High Temperature & Low Temperature analysis using Icepak. Also, structural and thermal reliability of CPM was validated through the tests.

• Journal of the Korean Society for Precision Engineering
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• v.30 no.11
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• pp.1179-1185
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• 2013

In this study, the design optimization of the automotive side member is performed to maximize the crash energy absorption efficiency per unit weight. Design parameters which seriously influence on the frontal crash performance are selected through the sensitivity analysis using the Plackett-Burman design method. And also the design variables, which are determined from the sensitivity analysis, are optimized by two methods. One is conventional approximate optimization method which uses the statistical design of experiments (DOE) and response surface method (RSM). The other is a methodology derived from previous work by the authors, which is called sequential design of experiments (SDOE), to reduce a trial and error procedure and to find an appropriate condition for using micro-genetic algorithm. The proposed optimization technique shows that the automotive side member structure can be designed considering the frontal crash performance.

• Journal of Korean Society of Transportation
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• v.28 no.2
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• pp.151-159
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• 2010

This paper presents a research result that was performed to develop a more accurate freeway crash prediction model than existing models. While the existing crash models only focus on developing crash relationships associated with highway geometric conditions found on a short section of a crash site, this research applies a different approach considering the upstream highway geometric conditions as well. Theoretically, crashes occur while motorists are in motion, and particularly at freeways vehicle speed at one specific point is very sensitive to upstream geometric conditions. Therefore, this is a reasonable approach. To form the analysis data base, this research gathers the geometric conditions of the West Seaside Freeway 269.3 km and six years crash data ranging 2003-2008 for these freeway sections. As a result, it is found that crashes fit well into Negative Binomial Distribution, and, based on the developed model, total number of crashes is inversely proportional to highway curve length and radius. Contrarily, crash occurrences are proportional to tangent length. This result is different from existing crash study results, and it seems to be resulted from this research assumption that a crash is influenced greatly by upstream geometric conditions. Also, this research provides the expected effects on crash occurrences of the length of downgrade sections, speed camera placements, and the on- and off- ramp presences. It is expected that this research result is useful for doing more reasonable highway designs and safety audit analysis, and applying the same research approach to national roads and other major roads in urban areas is recommended.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.28 no.2D
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• pp.163-170
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• 2008

According to the rules, a crash cushion is supposed to set up products that is satisfied with the standard of a performance test after performing the car crash test by road safety facilities and management guide. For development of crash cushion, performance should be estimated through the car crash test eventually. However, there is no reasonable design method which considers passenger's safety and only depend on crash test without an alternative plan. Therefore it incurs a loss materially and takes a lot. Therefore, we are asked to create a systematic design of the crash cushion. This study shows that a scientific basis of applying single degree of freedom when it designs the crash cushion after analyzing vehicle crash test data of crash cushion and also represents design of crash cushion through single degree of freedom response spectrum using calculated by crash test data on crash cushion.

• Composites Research
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• v.31 no.1
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• pp.37-41
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• 2018

The aim of the current work is to characterise a piecewisely-integrated composite bumper beam based on the IIHS bumper crash protocol. IIHS bumper crash FE analysis for an aluminium type bumper beam was carried out to get the information about the dominant loading types at several regions in the bumper beam during crash. In the meantime, robust stacking sequences against tension and compression have been searched for using FE analysis of a coupon type model. After determining most effective stacking sequences for tension and compression, three-point bending simulation was preliminarily carried out to investigate the combination performance of them. Finally, IIHS bumper crash FE analysis for the piecewisely-integrated composite bumper beam, which consisted of the combination of tension effective stacking sequence and compression efficacious stacking sequence, was conducted and the result was compared with other types of composite bumper beams. It was found that the newly suggested piecewisely-integrated composite bumper beam showed superior crashworthy behaviour to those of uni-modal stacking sequence composite bumper beams.

• The Journal of Industrial Distribution & Business
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• v.9 no.6
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• pp.49-55
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• 2018

Purpose - This paper examines the effect of related party transactions on crash firm-specific stock price crash risk. Ownership of a typical Korean conglomerate is concentrated in a single family. In those entities, management and board positions are often filled by family members. Therefore, a dominant shareholder can benefit from related party transactions. In Korea, firms have to report related party transactions in financial statement footnotes. However, those are not disclosed in detail. The more related party transactions are the greater information risk. Thus, companies with related party transactions are likely to experience stock price crashes. Research design, data, and methodology - 2,598 firm-year observations are used for the main analysis. Those samples are from TS2000 database from 2009 to 2013, and the database covers KOSPI-listed firms in Korea. The proxy for related party transactions (RTP) is calculated by dividing total transactions to the related-party by total sales. A dummy variable is used as a dependent variable (CRASH) in the regression model. Logistic regression is used to explain the relationship between related party transactions and crash risk. Then, the sample was separated into two groups; tunneling firms and propping firms. The relation between related party transactions and crash risk variances with features of the transaction were investigated. Results - Using a sample of KOSPI-listed firms in TS2000 database for the period of 2009-2013, I find that stock price crash risk increases as the trade volume of related-party transactions increases. Specifically, I find that the coefficient of RPT is significantly positive, supporting the prediction. In addition, this relationship is strong and robust in tunneling firms. Conclusions - The results report that firms with related party transactions are more likely to experience stock price crashes. The results mean that related party transactions increase the possibility of future stock price crashes by enlarging information asymmetry between controlling shareholders and minority shareholders. In case of tunneling, it could be seen that related party transactions are positively associated with stock crash risk. The result implies that the characteristic of the transaction influences crash risk. This study is related to a literature that investigates the effect of related party transactions on the stock market.

• The Journal of Industrial Distribution & Business
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• v.8 no.5
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• pp.87-93
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• 2017

Purpose - This paper investigates whether managerial overconfidence is associated with firm-specific crash risk. Overconfidence leads managers to overestimate the returns of their investment projects, and misperceive negative net present value projects as value creating. They even use voluntary disclosures to convey their optimistic beliefs about the firms' long-term prospects to the stock market. Thus, the overconfidence bias can lead to managerial bad news hoarding behavior. When bad news accumulates and crosses some tipping point, it will come out all at once, resulting in a stock price crash. Research design, data and methodology - 7,385 firm-years used for the main analysis are from the KIS Value database between 2006 and 2013. This database covers KOSPI-listed and KOSDAQ-listed firms in Korea. The proxy for overconfidence is based on excess investment in assets. A residual from the regression of total asset growth on sales growth run by industry-year is used as an independent variable. If a firm has at least one crash week during a year, it is referred to as a high crash risk firm. The dependant variable is a dummy variable that equals 1 if a firm is a high crash risk firm, and zero otherwise. After explaining the relationship between managerial overconfidence and crash risk, the total sample was divided into two sub-samples; chaebol firms and non-chaebol firms. The relation between how I overconfidence and crash risk varies with business group affiliation was investigated. Results - The results showed that managerial overconfidence is positively related to crash risk. Specifically, the coefficient of OVERC is significantly positive, supporting the prediction. The results are strong and robust in non-chaebol firms. Conclusions - The results show that firms with overconfident managers are likely to experience stock price crashes. This study is related to past literature that examines the impact of managerial overconfidence on the stock market. This study contributes to the literature by examining whether overconfidence can explain a firm's future crashes.

• Transactions of the Korean Society of Mechanical Engineers A
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• v.36 no.10
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• pp.1155-1162
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• 2012

The purpose of this study is to investigate the effects of the bead shape on the crash performance of an aluminum crash box under a low-velocity impact condition. The initial peak load and impact energy absorption of a crash box with three types of bead shapes-edge concave, surface convex, and surface concave type-were studied through an FE analysis and an experiment. In addition, the effects of the bead shapes on the crash performance of the crash box were verified through a low-velocity-impact test with a front side member assembled with an aluminum crash box. The initial peak load of the surface-concave-type crash box was reduced by the bead, and therefore, deformation of the front side member at initial contact could be prevented. Furthermore, there was no deformation of the front side member after the impact test because the crash box with a surface-concave-type bead absorbed all the impact energy.

• Journal of Distribution Science
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• v.19 no.1
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• pp.27-35
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• 2021

Purpose: This study is to investigate the effect of managerial ownership level in distribution and service companies on the stock price crash. The managerial ownership level affects the firm's information disclosure policy. If managers conceal or withholds business-related unfavorable factors over a long period, the firm's stock price is likely to plummet. In a similar vein, management's equity affects information opacity, and information asymmetry affects stock price collapse. Research design, data, and methodology: A regression analysis is conducted using the data on companies listed on the Korea Composite Stock Price Index (KOSPI) between 2012-2017 to examine the effect of the managerial ownership level on stock price crash risks. Results: Logistic and regression results indicate that the stock price crash risk was reduced as managerial ownership levels are increased. The managerial ownership level has a significant negative coefficient on stock price crash risk, negative conditional return skewness of firm-specific weekly return distribution, and asymmetric volatility between positive and negative price-to-earnings ratios. Conclusions: As the ownership and management align, the likeliness of withholding business-related information is reduced. This study's results imply that the stock price crash risk reduces as the managerial ownership level increases because shareholder and manager interests coincide, thereby reducing information asymmetry.