A Novel AHP-PRISM Risk Assessment Method—An Empirical Case Study in a Nuclear Power Plant

Ferenc Bognár () and Petra Benedek
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Ferenc Bognár: Department of Management and Business Economics, Budapest University of Technology and Economics, Magyar Tudósok Körútja 2, H-1117 Budapest, Hungary
Petra Benedek: Department of Management and Business Economics, Budapest University of Technology and Economics, Magyar Tudósok Körútja 2, H-1117 Budapest, Hungary

Sustainability, 2022, vol. 14, issue 17, 1-15

Abstract: Risk assessment methods are a continuously developing field in research and practice. Multi-Criteria Decision-Making (MCDM) methods, like AHP (Analytic Hierarchy Process), have a significant role in traditional risk assessment development. The PRISM (Partial Risk Map) methodology is a novel risk assessment method aiming at safety and reliability-sensitive operational fields. Since the PRISM method initially applies deterministic evaluation scales just like many traditional risk assessment techniques, this research focuses on developing the PRISM method by combining it with AHP. Thus, the new AHP-PRISM method can create more sensitive rankings than the original method, and the consistency of the expert group can also be tested after the assessment. By applying the consistency test, the reliability of the assessment can be described, which is necessary for a safety culture environment. Based on a real-life case study in a nuclear power plant (NPP), the new AHP-PRISM method is tested.

Keywords: multi-criteria decision-making (MCDM); pairwise comparison; analytic hierarchy process (AHP); partial risk map (PRISM); failure mode and effects analysis (FMEA); nuclear power plant (NPP); risk assessment; risk evaluation; risk (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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