EconPapers    
Economics at your fingertips  
 

Failure mode and effects analysis: a decision-making risk prioritisation approach

Maryam Sedighi Shamami, Soroush Avakh Darestani, Niloufar Hojat Shemami and Iniobong Enang

International Journal of Productivity and Quality Management, 2024, vol. 42, issue 4, 422-444

Abstract: Failure mode and effect analysis (FMEA) is a method of risk assessment that is broadly utilised to identify, predict as well as mitigate possible defects in products, operations, and systems prior to the occurrence of a negative incident. However, inaccurate results may be generated due to the uncertain conditions under which risk assessment using the FMEA. Therefore, there is need to mitigate the uncertainty, particularly randomness and fuzziness in the assessment process. This can be achieved by using grey numbers to develop the FMEA and VIKOR methods to fix several hindrances related to the risk priority number (RPN) of the traditional FMEA. This paper aims to compare the Grey VIKOR with the traditional FMEA to present more accurate ranking. In the first step, grey system was used to rank failure modes and select risk elements to join vulnerability into subjective judgments. Thereafter, VIKOR method was applied for prioritising and evaluating failure modes. The results of comparative analysis indicate the adequacy and versatility of the proposed method in dealing with real-world issues.

Keywords: potential failure modes and effects analysis; risk assessment; grey numbers; method VIKOR. (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=140600 (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:ijpqma:v:42:y:2024:i:4:p:422-444

Access Statistics for this article

More articles in International Journal of Productivity and Quality Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().

 
Page updated 2025-03-19
Handle: RePEc:ids:ijpqma:v:42:y:2024:i:4:p:422-444