AI-based project risk management process for a kind of manufacturing alliance

Hongyi Cao

International Journal of Manufacturing Technology and Management, 2008, vol. 13, issue 1, 95-110

Abstract: In this paper, an artificial intelligence-based project risk management process is proposed to implement quantitative risk management for a kind of manufacturing alliance in the agile manufacturing environment. After the literature review, a multiphase project risk management process is formed consisting of risk analysis, risk evaluation and risk control. Probability Risk Analysis is used as the main quantitative risk analysis technique. Some forms of mathematical programming models are formulated in risk evaluation and risk control phases. Because of the complexity, non-linearity, multiobjective stochastic constraints or interval or fuzzy coefficients of these models, they cannot be solved easily by conventional methods. Genetic algorithms are designed. A real life example is also given and the computational results illustrate the efficiency of the algorithms.

Keywords: risk management; virtual organisation; genetic algorithms; agile manufacturing; artificial intelligence; manufacturing alliance; risk analysis; risk evaluation; risk control; one-of-a-king manufacturing; China; manufacturing project management. (search for similar items in EconPapers)
Date: 2008
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