• Journal of Applied and Pure Mathematics
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• v.4 no.5_6
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• pp.287-297
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• 2022

In this paper, we consider a risk-minimization hedging problem for a special European contingent claims. The existence and uniqueness of strategy are given constructively. Firstly, a non-standard European contingent is demonstrated as stochastic payment streams. Then the existence of the risk minimization strategy and also the uniqueness are proved under two kinds market information by using Galtchouk-Kunita-Watanabe decomposition and constructing a 0-achieving strategy risk-minimizing strategies in full information. And further, we have proven risk-minimizing strategies exists and is unique under restrict information by constructing a weakly mean-selffinancing strategy.

• The Pure and Applied Mathematics
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• v.19 no.2
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• pp.179-192
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• 2012

We find the solution minimizing the shortfall risk by using the Lagrange-multiplier method. The conventional duality method in the expected utility maximization problem is used and we get the same results as in the paper [21].

• Journal of Korea Water Resources Association
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• v.33 no.6
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• pp.681-688
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• 2000

For the reduction of flood damage, it is necessary to analyse shelter activities of local residents and to publish information of floodings, In this paper the control factors of individual refuge activities which are major activities to save peoples lives against floodings have been estimated. Decision making factors for mental refuge activity by the questionnaire survey were classified into two categories: internal and external ones. Furthermore, the behaviour patterns of residents for flood risk related to geographical and social factors were derived by the quantification method n. Since spatial layered information using GIS were corrected and estimated to serve citizen's consensus due to flood disaster, it would aid reduction and minimization of flood risk.d risk.

• Journal of the Korean Institute of Gas
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• v.22 no.1
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• pp.78-85
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• 2018

In this study, we analyzed risks of the fabrication process equipment and cleanroom for semiconductor/flat panel display (FPD) manufacturing facilities and studied the fundamental safety measures for the risk factors. We examined the explosion proof design models considering the specificity of equipment and environment, and planned to utilize the findings to provide technical standards and grounds for designing and manufacturing related equipment. We believe that this study will contribute to the establishment of technical standards for semiconductor/FPD industry and businesses in many different ways by providing optimized modeling of high-risk explosion site detection, developing safety standards and hazard countermeasures and voluntary activation of safety certification system for operation of fabrication process equipment.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.9 no.7
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• pp.1569-1574
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• 2005

In this paper, I propose an intelligent credit rating system using a bankruptcy prediction model based on support vector machines (SVMs). SVMs are promising methods because they use a risk function consisting of the empirical error and a regularized term which is derived from the structural risk minimization principle. This study examines the feasibility of applying SVM in Predicting corporate bankruptcies by comparing it with other data mining techniques. In addition. this study presents architecture and prototype of intelligeht credit rating systems based on SVM models.

• Spatial Information Research
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• v.10 no.4
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• pp.493-499
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• 2002

This paper presents the disaster control due to flooding through the case study of Samwhadong, Donghae city, Kangwondo, broken out at 31, August 2002. In order to assess the characteristics of flood damage one must consider social and geological conditions, the factors of flood risk were derived based on GIS. For reduction of flood damage, flood hazard map was prepared for local residents. These information will support refuge activities, it would aid the reduction of flood damage.

• Journal of Korea Multimedia Society
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• v.20 no.5
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• pp.827-834
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• 2017

Android's inter-application access enriches its application ecosystem. However, it exposes security vulnerabilities where end-user data can be exploited by attackers. While existing techniques have focused on minimizing the risks of inter-application access, they either suffer from inaccurate risk detection or are primarily available to expert users. This paper introduces a novel technique that automatically analyzes potential risks between a set of applications, aids end-users to effectively assess the identified risks by crowdsourcing assessments, and generates an access control policy which prevents unsafe inter-application access at runtime. Our evaluation demonstrated that our technique identifies potential risks between real-world applications with perfect accuracy, supports a scalable analysis on a large number of applications, and successfully aids end-users' risk assessments.

• Journal of Korean Society of societal Security
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• v.2 no.1
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• pp.47-55
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• 2009

Organizations and customers lose if business activities are discontinued by an incident of information systems under the current business environment because they pursue real time enterprise and on demand enterprise. The loss includes the intangible decline in brand image, customer separation, and the tangible loss such as decrease in business profits. Thus, it is necessary to have preparedness in advance and mitigation for minimization of a loss due to the business discontinuity and IT risks. This paper described a IT risk assessment case about domestic construction company.

• Journal of Information Technology Applications and Management
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• v.14 no.3
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• pp.95-113
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• 2007

To minimize IT operational risks and the opportunity cost for lost business hours. it is necessary to have preparedness in advance and mitigation activities for minimization of a loss due to the business discontinuity. There are few cases that banks have a policy on systematic management, system recovery and protection activities against system failure. and most developers and system administrators response based on their experience and the instinct. This article focuses on the mitigation model development for minimizing the incidents of disk unit in IT operational risks. The model will be represented by a network model which is composed of the three items as following: (1) the risk factors(causes, attributes and indicators) of IT operational risk. (2) a periodic time interval through an analysis of historical data. (3) an index or an operational regulations related to the examination of causes of an operational risk. This article will be helpful when enterprise needs to hierarchically analyze risk factors from various fields of IT(information security, information telecommunication, web application servers and so on) and develop a mitigation model. and it will also contribute to the reduction of operational risks on information systems.

• Journal of Aerospace System Engineering
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• v.10 no.2
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• pp.7-13
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• 2016

Multi disciplinary approach for aerodynamics, structure, propulsion, and flight control system is necessary to develop High Altitude Long Endurance Unmanned Aerial Vehicles (HALE UAV). Various HALE UAV development trends are surveyed to understand their operational requirements. Separating the UAV Take Off Weight by 150kg, Airworthiness implementation direction for HALE UAV is studied under the current Airworthiness regulations. NATO STANAG 4671 and STANAG 4703 Airworthiness certification criteria are analyzed, and their applicability was proposed for future HALE UAV development. In addition, minimization of the risk for UAV is studied by considering probability of cumulative catastrophic failure for HALE UAV. This Hazard Risk Index can support the future UAV Airworthiness Certification Criteria.