AHP-FMEA-DA multi-criteria method for NPD project launch analysis

Pedro Angel Garcia Aguirre, Luis Pérez-Domínguez (), David Luviano-Cruz, Jaime Solano-Noriega and Marling Carolina Cordero-Díaz

International Journal of Innovation and Sustainable Development, 2023, vol. 17, issue 1/2, 138-151

Abstract: Nowadays, new product development (NPD) process, demands the shortest development cycle-time to introduce new products into global markets, likewise, NPD helps firms to offer better products for their consumers, for this reason, different tools and methods are used to assure product launched on time without failures, failure mode and effect analysis (FMEA) is a useful tool in risk analysis and multicriteria decision making (MCDM). However, NPD requires an accurate risk assessment to assign the resources and optimise them during the process. This document aims to introduce a modified FMEA method used in combination with Analytic Hierarchical Process (AHP) and Dimensional Analysis (DA), offering an accurate risk assessment. The AHPFMEA-DA method intends to help Engineers and NPD Project Managers handling risks identified, besides, to make better decisions to allocate the resources available wisely. Additionally, this document contains a practical example of an NPD project to validate the proposed method.

Keywords: NPD; new product development; FMEA; failure mode and effect analysis; DA; dimensional analysis; AHP; analytic hierarchy process. (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=127971 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijisde:v:17:y:2023:i:1/2:p:138-151

Access Statistics for this article

More articles in International Journal of Innovation and Sustainable Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().