Choosing the optimal intervention method to reduce human-related machine failures

Corey Kiassat, Nima Safaei and Dragan Banjevic

European Journal of Operational Research, 2014, vol. 233, issue 3, 604-612

Abstract: This paper presents a novel method to quantify the effects of human-related factors on the risk of failure in manufacturing industries. When failures can be caused by operators, the decision maker must intervene to mitigate operator-related risk. There are numerous intervention methods possible; we develop a revenue model that provides the decision-maker with a systematic tool to perform a cost-benefit analysis, balancing the advantage of risk reduction, against the direct cost of the intervention method.

Keywords: Performance analysis; Failure risk; Human factors; Cost-benefit analysis; Manufacturing (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:233:y:2014:i:3:p:604-612

DOI: 10.1016/j.ejor.2013.09.002

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