• 제목/요약/키워드: Risk control options

검색결과 37건 처리시간 0.021초

Existing System Improvement and Expected Configuration based on Risk Control Options for Implementation of e-Navigation

  • Yoo, Yun-Ja
    • 한국항해항만학회지
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    • 제42권2호
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    • pp.79-86
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    • 2018
  • Common Maritime Data Structure (CMDS) is commonly used by shore and ship users in e-Navigation data domain. In the overarching of e-Navigation architecture, IHO uses S-1XX, a digital exchange standard for next-generation marine information, as data exchange standard. The current CMDS has the advantage of intuitively recognizing the overall structure of e-Navigation. However, it has disadvantage in that it does not allow stakeholders to easily understand benefits that e-Navigation can provide when implementing e-Navigation. In this study, the direction of improving existing system for effective e-Navigation implementation was proposed considering RCOs (Risk Control Options) with expected composition of ship/ shore/ communication system by sector.

Muscling My Way to My Positive Future: Physical Exertion of Strength and Preference for Risk

  • Cho, Eunice Kim;Ahn, Hee-Kyung
    • Asia Marketing Journal
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    • 제22권1호
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    • pp.27-39
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    • 2020
  • Building on the growing literature on how physical bodily expressions influence psychological processes, the authors propose that exerting physical strength decreases risk perceptions and increases preference for risky options by increasing perceptions of control or agency. The present research is based on the belief of "no pain, no gain", that when an individual exerts physical strength and effort, he believes he can be the agent in bringing about the desired outcome. Because of this automatic association between exerting physical strength and the sense of being in control of the outcome, the authors hypothesize that even in situations where the outcome is determined by chance and luck, individuals exerting effort feel they have more control and thus choose riskier, but more desirable, options. Furthermore, this research clarifies the distinction between physical exertion of strength, high- and low-power poses, and psychological power.

A Study on FSA Application to PRS for Safe Operation of Dynamic Positioning Vessel

  • Chae, Chong-Ju;Jun, Yun-Chul
    • 한국항해항만학회지
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    • 제41권5호
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    • pp.287-296
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    • 2017
  • The Formal Safety Assessment (FSA) is a structured and systematic methodology developed by the IMO, aimed at assessing the risk of vessels and recommending the method to control intolerable risks, thereby enhancing maritime safety, including protection of life, health, the marine environment and property, by using risk analysis and cost-benefit assessment. While the FSA has mostly been applied to merchant vessels, it has rarely been applied to a DP vessel, which is one of the special purpose vessels in the offshore industry. Furthermore, most of the FSA has been conducted so far by using the Fault Tree Analysis tool, even though there are many other risk analysis tools. This study carried out the FSA for safe operation of DP vessels by using the Bayesian network, under which conditional probability was examined. This study determined the frequency and severity of DP LOP incidents reported to the IMCA from 2001 to 2010, and obtained the Risk Index by applying the Bayesian network. Then, the Risk Control Options (RCOs) were identified through an expert brainstorming and DP vessel simulations. This study recommends duplication of PRS, regardless of the DP class and PRS type and DP system specific training. Finally, this study verified that the Bayesian network and DP simulator can also serve as an effective tool for FSA implementation.

Foreign Exchange Risk Control in the Context of Supply Chain Management

  • Park, Koo-Woong
    • 유통과학연구
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    • 제13권2호
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    • pp.15-24
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    • 2015
  • Purpose - Foreign exchange risk control is in an important component in the international supply chain management. This study shows the importance of the reference period in forecasting future exchange rates with a specific illustration of KIKO currency option contracts, and suggests feasible preventive measures. Research design, data, and methodology - Using monthly Won-Dollar exchange rate data for January 1995~July 2007, I evaluate the statistical characteristics of the exchange rate for two sub-periods; 1) a shorter period after the East Asian financial crisis and 2) a longer period including the financial crisis. The key instrument of analysis is the basic normal distribution theory. Results - The difference in the reference period could lead to an unexpected development in contract implementation and a consequent financial loss. We may avoid foreign exchange loss by using derivatives such as forwards or currency options. Conclusions - We should consider not only level values but also the volatilities of financial variables in making a binding financial contract. Appropriate measures may differ depending on the specific supply chain pattern. We may extend the study with surveys on actual risk measures.

미생물학적 위해성 평가 (Microbial Risk Assessment)

  • 이건형
    • 미생물학회지
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    • 제37권2호
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    • pp.101-108
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    • 2001
  • 환경에서 병원성 미생물의 발생에 관련된 자료를 분석하는 일은 잠재적 보건 위해성을 판단하고 그에 따른 적절한 조치를 취하는데 종종 결정적인 역할을 한다. 이러한 일들은 과거에는 주로 정성적이고, 주관적인 방법으로 이루어 졌지만, 최근에는 정량적 위해성 평가(Quantitative Risk Assessment: QRA)로 이루어지는데, 이러한 QRA는 병원성 미생물로부터의 감염이나 발병, 또는 치사율 등의 위해성을 정량적인 방법으로 표현하는 접근법이다. 따라서, 이와 같은 정보는 정책 결정권자가 위해성의 확대와 비용부담, 그리고 적절한 조치를 취했을 때 기대할 수 있는 이점을 결정하는데 보다 더 잘 이용할 수 있다. 본 문에서는 위해성 분석의 과제에 대한 일반적인 배경을 살펴보고 문제해결 과정에서 미생물 위해성 평가가 어떻게 활용 가능한지를 살펴보았다.

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국적일반화물선 초기안전성평가(High-level FSA) 연구(2) (A Study on High-level FSA for Korean-flagged General Cargo Ships)

  • 이종갑;나성;김홍태;박재홍
    • 한국항해항만학회지
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    • 제35권1호
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    • pp.23-30
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    • 2011
  • 본 논문은, 국적일반화물선 공식안전성평가(Formal Safety Assessment, 이하 FSA) 연구의 1, 2 단계에 해당하는 위험요소 식별(Hazard identification) 및 식별된 사고 시나리오에 대한 위험도 분석(Risk analysis) 결과를 소개한 "국적일반화물선 초기안전성평가 연구(1)"에 이어 FSA 연구의 3, 4 그리고 5단계를 수행한 내용으로, 국적일반화물선의 운용 중 발생 가능한 위험을 저감할 수 있는 위험도제어방안들(Risk Control Options)을 식별하는 단계(Step 3)와 식별된 위험도제어방안들 중 전문가 의견수렴을 통하여 선별된 위험도제어방안들을 대상으로 한 비용-효과 평가 단계(Step 4: Cost-Benefit Assessment) 그리고 비용-효과 평가의 결과를 정리하여 국적일반화물선의 안전성 제고를 위한 구체적인 방안을 제안하는 단계(Step 5: Recommendation for Decision Making)의 결과를 소개하였다.

사례연구 : 해외 프로젝트 파이낸스 투자 사례와 실물옵션기반 투자 의사결정 (Case Study : A Real Options Approach to an Overseas Project Finance Deal)

  • 변진호;최문섭
    • 대한산업공학회지
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    • 제39권5호
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    • pp.429-439
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    • 2013
  • The Korean Veterans' Pension Fund has previously pre-purchased Gibril Tower on Business Complex in Dubai, UAE, via a project-financed construction investment. Although the property is near completion, the investor syndicate's attempt to debt-finance due arrears was foiled in Dubai central bank's credit control of real estaterelated loans. Accordingly, the investment coordinator offered an additional capital injection, a collateralized leverage, and a maturity extension to the syndicate. If the syndicate rejects the offer, they may risk a nearcomplete capital loss and a possible default of the main contractor. Otherwise, the syndicate may still face uncertainties regarding interest receivables, principal re-payment, foreclosure, economic recession in Dubai, and the Islamic bond bill in the Korean Parliament. A possible exercise of the latter option may be due to the agency-prone nature of pension fund managers. Given these qualitative risk factors as at April 1, 2011, a real options approach-implied optimal decision suggests an extended and complete cash augmentation into the project finance deal.

ASP Outsourcing 위험의 효율적인 통제를 위한 실물옵션 적용 가능성에 대한 연구 (An Empirical Study on the Control Mechanism of ASP Outsourcing Risks using Real Option Approach)

  • 남승현;양희동
    • 한국산업정보학회:학술대회논문집
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    • 한국산업정보학회 2008년도 추계 공동 국제학술대회
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    • pp.365-384
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    • 2008
  • Many studies on ASP outsourcing area have focused on the Critical Success Factors(CSFs) of ASP outsourcing projects or on the service quality of ASP Service. But these studies have limitations to explain how to succeed in doing ASP outsourcing project. The objective of this research is to overcome this limitation by using the concept of "IT Risk" in Outsourcing. The effective control of the risks-caused during the IS outsourcing process-gives (ASP service using) users a powerful tool to minimize the risks and thus maximizes the possibility of ASP outsourcing project success. In order to perform this objective, this research set up the research model which is composed of three concepts. The three concepts are 1. Undesirable Outcomes(:UO) as IT outsourcing Risks, 2. The Source of Risks(:SOR) influencing the UO, and 3. the intention to get/execute Real Option Portfolio to control the risk level of SORs and UOs. This research has some important and interesting implications on the ASP outsourcing area. First, this research classifies the risk factors as three concepts and finds the interactions among them. Second, Using Real Option portfolio can control the risks effectively occurred during outsourcing projects. Third, Vendors(ASP service providers) can offer users IN TIME the options which can minimize the occurrence of risks.

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A Study on FSA Application for Human Errors of Dynamic Positioning Vessels Incidents

  • Chae, Chong-Ju
    • 한국항해항만학회지
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    • 제41권5호
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    • pp.259-268
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    • 2017
  • Formal Safety Assessment (FSA) has been mostly implemented on the hardware aspects of vessels. Although there are guidelines regarding human error FSAs, there have not been many assessments in such areas. To this end, this study seeks to use precedent studies for the safe operation of DP vessels, conducting an FSA regarding human error of DP LOP (Loss of Position) incidents. For this, the study referred to precedent studies for the frequency of DP LOP incidents caused by human errors, adding the severity of LOP incidents, and then applying them to the Bayesian network. As a result, the study was able to confirm that among DP LOP incidents caused by human errors, the drive-off from skill-based errors was 74.3% and the drive-off from unsafe supervision was 50.5%. Based on such results, RCOs (Risk Control Options) were devised through a brainstorming session with experts coming up with proposals including providing mandatory DPO training, installing DP simulator on the vessels, drawing up measures to understanding the procedures for safe operation of DP vessels. Moreover, it was found that mandatory DPO training is reasonable in terms of cost benefits and that while installing a DP simulator is not suitable in terms of cost benefits, it can significantly reduce risks when operating DP vessels.

Subsea X-mas Tree에서의 Blockage 처리 실패에 대한 위험도 저감 방안 분석 (Analysis of Risk Control Options for Blockage Treatment)

  • 유원우;박민선;양영순
    • 한국해양공학회지
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    • 제27권2호
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    • pp.47-52
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    • 2013
  • A subsea chemical injection system treats blockage problems in a subsea production system. It is important to treat problems quickly, because production delays cause fatal profit losses in a subsea production system. Therefore, the subsea industry requires a relatively higher reliability level for a production system compared to other industries. In this study, a subsea chemical injection system (linked to a control system) to inject chemicals into a subsea X-mas tree was analyzed. By using FSA (Formal Safety Assessment), the risk factors were defined and a quantitative risk analysis utilizing FTA (Fault Tree Analysis) and ETA (Event Tree Analysis) was performed. As a result, the effectiveness of a risk reduction option was evaluated.