• Title/Summary/Keyword: risk efficient

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The Case Study on Performance Measurement Weighting for Efficient Value Engineering Study of Sewage Treatment Facliity (건설사업의 효율적인 리스크관리를 위한 RBES 분석기법과 적용에 대한 연구)

  • Park, Jaeil;Kim, Dongjin;Kim, Gyeonghyun;Lim, Jongkwon;Lee, Minjaee
    • Korean Journal of Construction Engineering and Management
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    • v.17 no.3
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    • pp.125-133
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    • 2016
  • The Project Risk Management is intended to result in the effective management by identifying in advance and mitigating all significant risks including project risks and opportunities during the entire project life cycle - from project inception to completion of construction. It is impossible to predict an exact budget and construction duration before finishing a project. So, Washington Department of Transportation mandates that workshop-based risk management is conducted for projects over specific cost. However, the domestic construction sites have depended on numerical risk analysis without any workshop and efficient risk management have not made. Therefore, in this study, we propose the effective risk management using the RBES program which is very useful for workshop-based risk management and pre & post mitigation, by workshop-based risk management techniques. This proposed risk management approach is applied to a domestic 'A' river recovery project. It is concluded that we may expect the effect to mitigate the total cost overrun problem and the construction duration delay effect in the project by identifying significant risks and by preparing effective risk mitigation strategies.

An Estimation of Landslide's Vulnerability by Analysis of Static Natural Environmental Factors with GIS (GIS를 이용한 정적 자연환경인자의 분석에 의한 산사태 취약성 평가)

  • Yang, In-Tae
    • 한국지형공간정보학회:학술대회논문집
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    • 2005.08a
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    • pp.61-72
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    • 2005
  • The landslide risk assessment process consists of hazard risk assessment and vulnerability analysis. landslide hazard risk is location dependent. Therefore, maps and spatial technologies such as GIS are very important components of the risk assessment process. This paper discusses the advantages of using GIS technology in the risk assessment process and illustrates the benefits through case studies of live projects undertaken. The goal of this study is to generate a map of landslide vulnerability map by analysis of static natural factors with GIS. A simple and efficient algorithm is proposed to generate a landslide potentialities map from DEM and existing maps. The categories of controlling factors for landslides, aspect of slope, soil, vegetation are defined. The weight values for landslide potentialities are calculated from AHP method. Slope and slope-direction are extracted from DEM, and soil informations are extracted from digital soil map. Also, vegetation informations are extracted from digital vegetation map. Finally, as overlaying, landslide potentialities map is made out, and it is verified with landslide place.

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A Study of Methods on Risk Assessment for Plant Construction using FMEA(Failure Mode and Effect Analysis) (FMEA를 활용한 플랜트공사 위험성평가 방안)

  • Kim, Ho Min;Woo, In Sung
    • Journal of the Korean Society of Safety
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    • v.28 no.4
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    • pp.81-90
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    • 2013
  • To meet increased demand and lead to execution of successful overseas's plant construction, A prompt System is urgently needed to carries prevention and control of hazards associated with work related tasks and activities. This study is aimed to develop efficient and reliable safety management program to identify control measures for high risk activities by choosing and conducting proper risk assessment methodology that addresses Risk Priority Number(RPN) of adverse effects.

A Study on Integration of Schedule Management and Risk Management (공정관리와 리스크관리의 통합을 위한 기초연구)

  • Jang, Myung-Houn;Youn, You-Sang;Suh, Sang-Wook
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.105-110
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    • 2006
  • It is more effective and more efficient to manage schedule and risk at a same time because many risks occur in construction phase in building construction projects. The objective of this paper is to propose a tool that manages risks in a project management software. The tool is implemented by VBA in Microsoft Project, and enables field managers of a construction project to make schedules and to help to predict risks.

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Design and Implementation of Road Construction Risk Management System based on LPWA and Bluetooth Beacon

  • Lee, Seung-Soo;Kim, Yun-cheol;Jee, Sung-Hyun
    • Journal of the Korea Society of Computer and Information
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    • v.23 no.12
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    • pp.145-151
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    • 2018
  • While commercialization of IoT technologies in the safety management sector is being promoted in terms of industrial safety of large indoor businesses, implementing a system for risk management of small outdoor work sites with frequent site movements is not actively implemented. In this paper, we propose an efficient dynamic workload balancing strategy which combined low-power, wide-bandwidth (LPWA) communication and low-power Bluetooth (BLE) communication technologies to support customized risk management alarm systems for each individual (driver/operator/manager). This study was designed to enable long-term low-power collection and transmission of traffic information in outdoor environment, as well as to implement an integrated real-time safety management system that notifies a whole field worker who does not carry a separate smart device in advance. Performance assessments of the system, including risk alerts to drivers and workers via Bluetooth communication, the speed at which critical text messages are received, and the operation of warning/lighting lamps are all well suited to field application.

Systematic Risk Analysis on Bitcoin Using GARCH Model (GARCH 모형을 활용한 비트코인에 대한 체계적 위험분석)

  • Lee, Jung Mann
    • Journal of Information Technology Applications and Management
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    • v.25 no.4
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    • pp.157-169
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    • 2018
  • The purpose of this study was to examine the volatility of bitcoin, diagnose if bitcoin are a systematic risk asset, and evaluate their effectiveness by estimating market beta representing systematic risk using GARCH (Generalized Auto Regressive Conditional Heteroskedastieity) model. First, the empirical results showed that the market beta of Bitcoin using the OLS model was estimated at 0.7745. Second, using GARCH (1, 2) model, the market beta of Bitcoin was estimated to be significant, and the effects of ARCH and GARCH were found to be significant over time, resulting in conditional volatility. Third, the estimated market beta of the GARCH (1, 2), AR (1)-GARCH (1), and MA (1)-GARCH (1, 2) models were also less than 1 at 0.8819, 0.8835, and 0.8775 respectively, showing that there is no systematic risk. Finally, in terms of efficiency, GARCH model was more efficient because the standard error of a market beta was less than that of the OLS model. Among the GARCH models, the MA (1)-GARCH (1, 2) model considering non-simultaneous transactions was estimated to be the most appropriate model.

Reductions in the Cost and Risk of Interior Construction Using 3D CG Design (3차원 CG설계를 이용한 실내건축공사의 원가 및 리스크 절감)

  • Lee, Jun-Seob;Bang, Hong-Soon;Kim, Ok-Kyue
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2021.05a
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    • pp.285-286
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    • 2021
  • These days, interior construction is performed to prevent the deterioration of old building finishings or to make distinctive designs. In case of interior construction, a construction cost is estimated through basic 2D drawings in the design step. Accordingly, an efficient construction plan and direction is established according to budget. In such a case, construction is dependent on 2D drawings. At that time, a risk can occur easily. This study is aimed at reducing the cost and risk of interior construction by implementing 3D drawings with the use of the visual data of 2D drawings. For accurate analysis, 2D drawings were completed, and then 3D interior construction modeling for various buildings was conducted with the 3D modeling software 3D Max. According to the 3D modeling, it reduced the cost and risk more than 2D drawings based design, and influenced the improvement in the understanding of orderers and workers.

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An Fuzzy-based Risk Reasoning Driving Strategy on VANET

  • Lee, Byung-Kwan;Jeong, Yi-Na;Jeong, Eun-Hee
    • Journal of Internet Computing and Services
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    • v.16 no.6
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    • pp.57-67
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    • 2015
  • This paper proposes an Fuzzy-based Risk Reasoning Driving Strategy on VANET. Its first reasoning phase consists of a WC_risk reasoning that reasons the risk by using limited road factors such as current weather, density, accident, and construction, a DR_risk reasoning that reasons the risk by combining the driving resistance with the weight value suitable for the environment of highways and national roads, a DS_risk reasoning that judges the collision risk by using the travel direction, speed. and distance of vehicles and pedestrians, and a Total_risk reasoning that computes a final risk by using the three above-mentioned reasoning. Its second speed reduction proposal phase decides the reduction ratio according to the result of Total_risk and the reduction ratio by comparing the regulation speed of road to current vehicle's speed. Its third risk notification phase works in case current driving speed exceeds regulation speed or in case the Total_risk is higher than AV(Average Value). The Risk Notification Phase informs rear vehicles or pedestrians around of a risk according to drivers's response. If drivers use a brake according to the proposed speed reduction, the precedent vehicles transfers Risk Notification Messages to rear vehicles. If they don't use a brake, a current driving vehicle transfers a Risk Message to pedestrians. Therefore, this paper not only prevents collision accident beforehand by reasoning the risk happening to pedestrians and vehicles but also decreases the loss of various resources by reducing traffic jam.

A Study on the Risk Management of Strategic Materials (전략물자 무역 리스크 관리 방안에 대한 연구)

  • LEE, Kyung-Lyung;LEE, Seoung-Taek
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.72
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    • pp.115-137
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    • 2016
  • Trade can be greatly influenced by the change of international trade environment due to the characteristics of remote transactions. Furthermore, in the circumstance of emphasizing the national security again, the importance of the risk management of special materials has been increasing. As it was noted at Chapter 4, significant results such as the threat of enterprises' sustainable growth can be occurred when companies are related to the unlawful export of strategic materials or experience discouragement of export of main products. As the decision of strategic materials greatly depend on a specialized knowledge there is a possibility of misjudgement of strategic materials in terms of ordinary companies which is not accustomed to them. Furthermore risk management is more difficult due to the inclusion to the items of export license. To prepare such a risk of export of strategic materials, firstly, it should be checked to find whether counter traders are working in the industry which is not related to the spread of weapons of mass destruction, secondly, an appropriate process shall be designed and operated for products to be safely delivered to the trade counter. Therefore, our export enterprises have to introduce CP(Compliance Program), AEO or ISO28000 considering suitability for their actual situations not only to promote export and but also to avoid risk of export control and additional expenses. Through these appropriate processes, an efficient and effective management of the trade risk of strategic materials can be accomplished.

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Determining Nursing Care Priorities among Women in the High Risk of Coronary Heart Disease (일 건강검진센터에 내원한 여성을 대상으로 심혈관질환 위험요인을 활용한 고위험군 간호의 우선순위 설정)

  • Youm, Soon Gyo;Han, Yong Hee
    • Journal of Korean Clinical Nursing Research
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    • v.14 no.1
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    • pp.125-137
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    • 2008
  • Purpose: This study was designed as a epidemiologic study for determining priorities of nursing care in women with high risk groups of coronary heart disease(CHD) using risk factors. Method: Subjects were 1015 women who received health screenings at a hospital in Kyunggi, Korea, over one year period from January to December 2006. Results: The 37.9% of women had multiple risk factors for developing coronary heart disease. The most significant risk factors on CHD were the age older than 70 years (OR=11.45), the age between 60-69 (OR=4.65), the age between 50-59 (OR=3.20), having $HbA_1C$ over 7% (OR=2.38), high risk groups of L/H ratio (OR=1.98), and the waist to stature ratio (WSR) over 0.5 (OR=1.33). Conclusion: The findings suggest that women older than 50 years should be considered as an overt target population for CHD prevention, even in the absence of other risk factors. Also, $HbA_1C$ and WSR can be efficient indicators for CHD screening.

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