• Journal of the Korean Institute of Gas
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• v.27 no.4
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• pp.102-109
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• 2023

In realizing a hydrogen society, it is important to secure the safety of the hydrogen refueling station, which is the facility where consumers can easily meet hydrogen. The hydrogen refueling station consists of compressed gas facilities that store high-pressure hydrogen, and there is a risk that the high-pressure compressed gas facility will rupture due to a fire explosion due to hydrogen leakage in the facility or the influence of surrounding fires. Accordingly, the Korea Gas Safety Corporation is making every effort to find out risk factors from the installation stage, reflect them in the design, and secure safety through legal inspection. In this study, a TNT explosion demonstration test using a protection wall was conducted to confirm the safety effect of the protection wall installed at the hydrogen refueling station, and the empirical test results were compared and verified using FLACS-CFD, a CFD program. As a result of the empirical test and CFD analysis, it was confirmed that the effect of reducing the explosion over-pressure at the rear end of the protection wall decreased from 50% to up to 90% depending on the location, but the effect decreased when it exceeded a certain distance. The results of the empirical test and computer analysis for verifying the safety of the protection wall will be used in proposals for optimizing the protection wall standards in the future.

• The Journal of the Korea Contents Association
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• v.17 no.5
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• pp.574-590
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• 2017

The purpose of this paper is the provision of a decision-making tool for developers to identify the project risks for under-consideration overseas independent power projects (IPPs), and to analyze the priority and importance weights of the risks through the employment of a fuzzy multi-criteria decision-making (MCDM) approach. A fuzzy MCDM is the calculation method for which the imprecision of each respondent's unique opinion is considered. Through the extensive literature surveys that were conducted for this paper, eight major project finance (PF) risks have been derived credit risk, completion risk, market risk, fuel risk, operating risk, financial risk, environmental risk, and force majeure. The empirical results show that the market risk is the most important risk factor in terms of overseas IPPs, thereby confirming that the long-term power purchase agreement (PPA) guarantee of the host country is one of the most important corresponding factors for the PF.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2014.05a
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• pp.165-168
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• 2014

A Meta-analysis refers to a statistical literature synthesis method from the quantitative results of many known empirical studies. Recently, the convergence of knowledge-based society and information telecommunication technologies has a rapid impact on politics, economics and various fields. We conducted a meta-analysis and review of between perceived value, risk and behavioral intention on e-commerce researches. This study focused a total of 25 research papers that established causal relationships in between perceived value, risk and behavioral intention on e-commerce published in Korean academic journals during 2000 and 2014. The result of the meta-analysis might be summarized that the effect size in the path from the perceived value to the behavioral intention with the effect size 0.508. Also, it showed that the effect size in the path from perceived value to the behavioral intention with the effect size -0.251. Based on these findings, several theoretical and practical implications were suggested and discussed with the difference from previous researches.

• Earthquakes and Structures
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• v.12 no.6
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• pp.653-663
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• 2017

A seismic margin assessment evaluates how much margin exists for the system under beyond design basis earthquake events. Specifically, the seismic margin for the entire system is evaluated by utilizing a systems analysis based on the sub-system and component seismic fragility data. Each seismic fragility curve is obtained by using empirical, experimental, and/or numerical simulation data. The systems analysis is generally performed by employing a fault tree analysis. However, the current practice has clear limitations in that it cannot deal with the uncertainties of basic components and accommodate the newly observed data. Therefore, in this paper, we present a Bayesian-based seismic margin assessment that is conducted using seismic fragility data and fault tree analysis including Bayesian inference. This proposed approach is first applied to the pooltype nuclear research reactor system for the quantitative evaluation of the seismic margin. The results show that the applied approach can allow updating by considering the newly available data/information at any level of the fault tree, and can identify critical scenarios modified due to new information. Also, given the seismic hazard information, this approach is further extended to the real-time risk evaluation. Thus, the proposed approach can finally be expected to solve the fundamental restrictions of the current method.

• Journal of Industrial Convergence
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• v.17 no.1
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• pp.33-39
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• 2019

The purpose of this study was to present the direction and implications of urban development in relation to climate risk factors and environment for practical implementation of urban development in response to climate change. The research method was carried out through a qualitative data survey and analysis. As a result of the study, the direction of urban development according to the climate risk factors emphasized the importance of preparing conditions for urban development by establishing a damage prevention system for natural disasters and analyzing the risk of natural disasters by conducting analysis of the impact and vulnerability of climate change in urban planning. The direction of urban development on the environmental side suggested the need for the promotion of public transport oriented development (TOD) in the form of urban planning to realize sustainable and practical urban development. Future research directions will need to be supplemented with more quantitative and empirical findings.

• The Journal of Korea Institute of Information, Electronics, and Communication Technology
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• v.9 no.2
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• pp.243-247
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• 2016

Driving Event Data such as the rapid acceleration, the rapid deceleration, the sudden braking, and the sudden departure, and over speeding provide important information to predict or analyze the driving habits and accident risk of a driver. Most of the data that represent the driver's driving habits generally fit to the parametric distribution, whereas extreme parts of the data to estimate the accident risk of a driver may not. This paper presents an empirical distribution that is divided into two regions, one is from the normal distribution, and the other is from the general pareto distribution for the driving habits of a driver.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.7
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• pp.525-532
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• 2021

This study examines the association between a firm's business strategy and audit report lags. This study employs 5,072 firm-year observations from 2015 to 2019. Our sample comprises all of the firms listed on the Korea Composite Stock Price Index (KOSPI) market and Korea Securities Dealers Automated Quotation (KOSDAQ). We perform OLS regression analysis to test our hypothesis. The OLS regression analysis was conducted through the SAS and STATA programs. We find that business strategy is positively associated with audit report lags. Especially, we find that defender firms are negatively associated with audit report lags. The findings of this study suggest that prospector-like firms would increase their performance uncertainty as well as audit risk. Therefore, prospector-like firms interfere with the efficient audit procedures of auditors. On the other hand, our findings indicate that defender-like firms would decrease their performance uncertainty as well as an audit risk because they focus on simple product lines and cost-efficiency. For this reason, auditors will be able to carry out the audit procedures much more easily. Our results present that a prospector-like business strategy degrades audit effectiveness as it exacerbates a company's financial risk, willingness to accept uncertainty, and the complexity of organizational structure.

• Asia-Pacific Journal of Business
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• v.13 no.1
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• pp.301-315
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• 2022

Purpose - The main objective of this study was to investigate tourists behavior by applying protection motivation theory and health belief model during COVID-19 pandemic. Specifically, the study examined how risk perception of COVID-19 affects tourists' protection motivation and travel avoidance intention. Design/methodology/approach - The empirical data was collected by self-administered questionnaires to obtain perception and behavior regarding COVID-19 pandemic situation. A total of 486 questionnaires were used for data analysis and SEM analysis was applied in order to examine seven hypotheses. Findings-The results showed that COVID-19 risk perception is a significant antecedent of threat appraisal, coping appraisal, and cue to action (H1, H2, H6). Moreover, protection motivation is affected by threat appraisal and coping appraisal (H3, H4) and influences on travel avoidance intention (H5). However, cue to action does not affect protection motivation (H7). Research implications or Originality - This study provides insightful implications for tourism industry practitioners who will prepare the post-corona field and the results enrich knowledge of the tourist behavior during pandemic situation.

• The Journal of Asian Finance, Economics and Business
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• v.10 no.1
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• pp.1-8
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• 2023

The banking industry regulators have imposed on commercial banks to maintain a certain level of liquidity to ensure that they can meet their obligations to the depositors and third parties. This study examines the factors influencing liquidity creation among commercial banks in Uzbekistan. Specifically, this study examines three internal factors namely, risk assets, deposits, and inter-bank loans on the creation of liquidity in commercial banks of Uzbekistan. This study uses content analysis on financial reports of 33 commercial banks in Uzbekistan over 21 years. This study shows all the factors chosen in this study significantly influence liquidity creation among the commercial banks in Uzbekistan. While deposits and inter-bank loans significantly and positively influence liquidity creation, this study shows that risk assets significantly and negatively influence liquidity creation. Further analysis shows that these three factors contribute to a 92.4% variance in liquidity creation among commercial banks in Uzbekistan. The findings of this study provide valuable insights to the stakeholders in the banking industry on the factors influencing liquidity creation in banks. In addition, this study adds to the existing literature by providing insight into the internal factors' role in influencing liquidity creation in the context of an emerging economy.

• Journal of the Korean Society of Safety
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• v.31 no.1
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• pp.25-32
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• 2016

A sensitivity analysis of FDS(Fire Dynamics Simulator) results for the input uncertainty of heat release rate (Q) which might be the most influencing parameter to fire behaviors was performed. The calculated results were compared with experimental data obtained by the OECD/NEA PRISME project. The sensitivity of FDS results with the change in Q was also compared with the empirical correlations suggested in previous literature. As a result, the change in the specified Q led to the different dependence of major quantities such as temperature and species concentrations for the over- and under-ventilated fire conditions, respectively. It was also found that the sensitivity of major quantities to uncertain value of Q showed the significant difference in results obtained using the previous empirical correlations.