A Risk Analysis on the Error Code of Vehicle Inspection Utilizing Portfolio Analysis

Vehicle Inspection System is to examine the condition of vehicle regularly at the national level to protect lives and properties of the people from traffic accidents due to vehicle's fault. However, the vehicle inspection method, criteria, period and effectiveness have become a controversial issue, because of examining safety management of vehicle by drivers regardless of regular vehicle inspection. Therefore, the aim of this study is to investigate vehicle inspection timeliness and risk level of inspection items through basic statistical survey and portfolio analysis. The results of the research through practical analysis are: (1) The inspection failure rates between 3 and 6 model year tend to increase. (2) The failure of inspection items for safety highly impacts on traffic accident rate in terms of accident risks. (3) According to the result of portfolio analysis, faulty items located 1st quadrant are riding device, driveline system, controlling device, steering actuator, and fuel system.