• Title/Summary/Keyword: risk efficiency

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A Study on the Relationship-Orientation of Customers toward Business (고객 관계지향성 형성에 관한 연구)

  • 오세조;박진용;김평래
    • Journal of Distribution Research
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    • v.4 no.2
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    • pp.41-58
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    • 1999
  • The relationship-orientation is an important concept for understanding both of marketing theory and practice. However, not many research have focused on how to develop the relationship-orientation of end users. Therefore, the objective of this research is to confirm the key factors relevant to the relationship-orientation. This research studies(1) the transaction style of individuals, and (2) social influences on the relationship-orientation. Customers want to reduce the number of choice sets because of transaction style, including (1) efficiency of decision making, (2) simplification of information processing, (3) avoidance of future perceived risk, and (4) pursuit of cognitive consistency. Customers are influenced by social factors such as family members, reference groups, and opinion leaders. The following conclusions were drawn based on results of research analysis: (1) efficiency of decision making and avoidance of future perceived risk affect the relationship-orientation, and (2) influences of family members and opinion leaders to the focal relationship affect the relationship-orientation of individuals.

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Relative SATD-based Minimum Risk Bayesian Framework for Fast Intra Decision of HEVC

  • Gwon, Daehyeok;Choi, Haechul
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.13 no.1
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    • pp.385-405
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    • 2019
  • High Efficiency Video Coding (HEVC) enables significantly improved compression performance relative to existing standards. However, the advance also requires high computational complexity. To accelerate the intra prediction mode decision, a minimum risk Bayesian classification framework is introduced. The classifier selects a small number of candidate modes to be evaluated by a rate-distortion optimization process using the sum of absolute Hadamard transformed difference (SATD). Moreover, the proposed method provides a loss factor that is a good trade-off model between computational complexity and coding efficiency. Experimental results show that the proposed method achieves a 31.54% average reduction in the encoding run time with a negligible coding loss of 0.93% BD-rate relative to HEVC test model 16.6 for the Intra_Main common test condition.

Is Foreign Investors' behavior Involved in Investor Sentiment? Evidence Based on the Korean Stock Crashes

  • Choi, Suyoung
    • Journal of East Asia Management
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    • v.3 no.1
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    • pp.41-55
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    • 2022
  • This study investigates whether foreign investors' behavior is involved in firm-specific investor sentiment. Because the mixed role of foreign investors on investor sentiment formation seems to exist in the Korean stock market, it needs to examine the moderate or incremental effect of foreign investors on the stock price crash risk which is due to investor sentiment. The analysis results using Korea Stock Exchanges - listed firms for the period of 2011-2019 show the increased future stock price crash risk which is attributable to high investor sentiment is mitigated for firms with the high foreign ownership, indicating the moderate effect. This study expands the literature on the foreign investors' behavior in the Korean stock market, by showing foreign investors are not involved in firm-specific investor sentiment, which improves market's efficiency in the Korean stock market. Also, the paper is valuable to the academic and practice field in that the findings shed light on the foreign investors' mitigating role in stock price crashes in the behavioral finance perspective.

A Study on the Fire Risk Assessment of EIFS by Cone Calorimeter Test & Single Burning Item Test (중소형화재실험을 이용한 외단열 시스템(EIFS) 화재위험성평가에 관한 연구)

  • Min, Se-Hong;Kim, Mi-Suk
    • Journal of the Korea Safety Management & Science
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    • v.12 no.1
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    • pp.1-9
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    • 2010
  • Recently, in circumstantial situation it is recommended positively to utilize of EIFS(Exterior Insulating and Finishing System) as energy policy for economizing energy. But internal EPS insulators of EIFS are exterior panel of high fire risk, because of constituting of flammable materials to be fragile in fire. In this study, fire risk is assessed by experiment Con Calorimeter test and SBI(Single Burning Item) test. As the result of experiment, Con Calorimeter tests do not reach to capability standard of internal incombustible grade, and are assessed as low grade in SBI incombustible grade. Because EIPS is exterior material in buildings with high fire risk in spite of good efficiency, it is required rapidly to take measures to meet situation through various studies(for instance, adjusting law regulation, etc.) in the future.

The Impact of Information System Control and Audit on the Perceived Risk of the Computer Crime in Case of Financial Institutions (정보시스템통제 및 감사가 컴퓨터범죄의 인지된 위험에 미치는 영향: 금융기관을 중심으로)

  • Han, In-Gu;Yun, Jong-Ho
    • Asia pacific journal of information systems
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    • v.5 no.1
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    • pp.112-128
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    • 1995
  • The information system control includes organizational structure, control mechanism, and management tools which contribute to accomplish the goals of information system: asset safeguarding, data integrity, effectiveness, and efficiency. Information system audit is the process to evaluate whether the information system accomplishs the goals. Information system auditor examine the reliability of information system control and suggest recommendations to improve the information system control. Both information system control and information system audit activities contribute to prevent and detect the computer crime for the organization. This paper proposes a causal model of information system control/audit and the perceived risk of computer crime, and tests the model using a survey on 38 financial institutions in Korea. Statistical results show that information system control and audit significantly reduce the computer crime risk perceived by the user group. The general control has a stronger impact than the application control. In addition, it turns out that the greater the deviation between the importance and the actual level of information system control is, the higher the perceived risk of computer crime is.

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Risk Classification of Vessel Navigation System using Correlation Weight of Marine Environment (해양 환경 요소 상관관계 가중치를 이용한 선박 항행 시스템의 위험도 분류)

  • Song, Byoung Ho;Bae, Sang Hyun
    • Journal of Integrative Natural Science
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    • v.4 no.1
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    • pp.31-37
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    • 2011
  • Various algorithms and system development are being required to support the advanced decision making of navigation information support system because of a serious loss of lives and property accidents by officer's error like as carelessness and decision faults. Much of researchers have introduced the techniques about the systems, but they hardly consider environmental factors. In this paper, We collect the context information in order to assess the risk, which is considered the various factor of the sailing ship, then extract the features of knowledge context, which is to apply the weight of correlation coefficients among data in context information. We decide the risk after the extract features through the classification and prediction of context information, and compare the value accuracy of proposed method in order to compare efficiency of the weighted value with the non-weighted value. As a result of experience, we know that the method of weight properties effectively reflect the marine environment because the weight accurate better than the non-weighted.

Diffusion Range and Pool Formation in the Leakage of Liquid Hydrogen Storage Tank Using CFD Tools

  • Kim, Soohyeon;Lee, Minkyung;Kim, Junghwan;Lee, Jaehun
    • Applied Chemistry for Engineering
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    • v.33 no.6
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    • pp.653-660
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    • 2022
  • In liquid hydrogen storage tanks, tank damage or leakage in the surrounding pipes possess a major risk. Since these tanks store huge amounts of the fluid among all the liquid hydrogen process facilities, there is a high risk of leakage-related accidents. Therefore, in this study, we conducted a risk assessment of liquid hydrogen leakage for a grid-type liquid hydrogen storage tank (lattice-type pressure vessel (LPV): 18 m3) that overcame the low space efficiency of the existing pressure vessel shape. Through a commercially developed three-dimensional computational fluid dynamics program, the geometry of the site, where the liquid hydrogen storage tank will be installed, was obtained and simulations of the leakage scenarios for each situation were performed. From the computational flow analysis results, the pool formation behavior in the event of liquid hydrogen leakage was identified, and the resulting damage range was predicted.

A case study of competing risk analysis in the presence of missing data

  • Limei Zhou;Peter C. Austin;Husam Abdel-Qadir
    • Communications for Statistical Applications and Methods
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    • v.30 no.1
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    • pp.1-19
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    • 2023
  • Observational data with missing or incomplete data are common in biomedical research. Multiple imputation is an effective approach to handle missing data with the ability to decrease bias while increasing statistical power and efficiency. In recent years propensity score (PS) matching has been increasingly used in observational studies to estimate treatment effect as it can reduce confounding due to measured baseline covariates. In this paper, we describe in detail approaches to competing risk analysis in the setting of incomplete observational data when using PS matching. First, we used multiple imputation to impute several missing variables simultaneously, then conducted propensity-score matching to match statin-exposed patients with those unexposed. Afterwards, we assessed the effect of statin exposure on the risk of heart failure-related hospitalizations or emergency visits by estimating both relative and absolute effects. Collectively, we provided a general methodological framework to assess treatment effect in incomplete observational data. In addition, we presented a practical approach to produce overall cumulative incidence function (CIF) based on estimates from multiple imputed and PS-matched samples.

A Study on Implementation of Risk Based Inspection Procedures to a Petrochemical Plant (RBI 절차의 석유화학 플랜트 적용에 관한 연구)

  • Song, Jung-Soo;Shim, Sang-Hoon;Kim, Ji-Yoon;Yoon, Kee-Bong
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.27 no.3
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    • pp.416-423
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    • 2003
  • During the last ten years, the need has been increased for reducing maintenance cost for aged equipments and ensuring safety, efficiency and profitability of petrochemical and refinery plants. RBI (Risk Based Inspection) methodology is one of the most promising technologies satisfying the need in the field of integrity management. In this study, a user-friendly software, realRBl for RBI based on the API 581 code was developed. This software has modules for evaluating qualitative and semi-quantitative risk level, analyzing quantitative risks using the potential consequences of a failure of the pressure boundary, and assessing the likelihood of failure. A quantitative analysis was performed for 16 columns in a domestic NCC (Naphtha Cracking Center) plant whose operating time reaches about 12 years. Each column was considered as two equipment parts by dividing into top and bottom. Generic column failure frequencies were adjusted based on likelihood data. After determining release rate, release duration and release mass for each failure scenario, flammable/explosive and toxic consequences were assessed. Current risks for 32 equipment parts were evaluated and risk based prioritization were determined as a final result.

Empirical Study on Determinants of T/T Payment Risk in International Trade (무역거래에서 송금(T/T)방식의 결제 위험성에 영향을 미치는 요인분석)

  • Han, Woo-Jung;Cho, Hyuk-Soo
    • Korea Trade Review
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    • v.44 no.6
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    • pp.87-103
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    • 2019
  • L/C(Letter of Credit) is a common payment term designed to prevent credit risk in international trade. However, most companies prefer T/T (Telegraphic Transfer) payment due to its time and cost efficiency. According to related statistics, more than 70% of international trade contracts are based on T/T rather than other payment terms. The time required from the export negotiation to the completion of the export transaction and collection in international trade is very long. In this process, disputes related to settlement are continuous, so caution should be exercised. Therefore, whether or not the export payment is recovered in a timely manner is the core issue of trade transactions for exporters. The purpose of this study is to identify problems that cause delayed payments during settlement by the remittance (T/T) method, which can lead to settlement risk, in order to investigate those factors which can lead to delays in payments and increased risk as well as to determine ways to prevent such factors in advance. According to empirical findings, trading experience, transaction duration, and contract contents can be important determinants in terms of payment delays. Industry uniqueness and market uncertainty were found to be in opposition to the hypothesized relationships. The results of this study will be useful for trading companies to reduce their payment risk.