Risk Assessment of Logistics Enterprises Using FMEA Under Free Double Hierarchy Hesitant Fuzzy Linguistic Environments

Mengjiao Shen and Peide Liu
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Mengjiao Shen: School of Management Science and Engineering, Shandong University of Finance and Economics, Jinan, Shandong 250014, P. R. China
Peide Liu: School of Management Science and Engineering, Shandong University of Finance and Economics, Jinan, Shandong 250014, P. R. China

International Journal of Information Technology & Decision Making (IJITDM), 2021, vol. 20, issue 04, 1221-1259

Abstract: Failure Mode and Effects Analysis (FMEA) is an effective tool for prioritization of the failures by identifying and eliminating potential risks, free double hierarchy hesitant fuzzy linguistic term set (FDHHFLTS) can describe the hesitation more accurately and reasonably by adding the free second hierarchy hesitant fuzzy linguistic terms, and multiattribute decision-making (MADM) methods have advantages in ranking and selecting different alternatives. By considering the advantages of MADM methods and FMEA model, in this paper, we propose a novel model to evaluate the risk failure modes (FMs) under FDHHFLTS context. First, an extended Complex Proportional Assessment (COPRAS) method is proposed to address the risk assessment problems. The proposed risk assessment model is utilized to assess and rank the FMs to address the limitations of the traditional FMEA. Second, a weight determination model is constructed based on the Kemeny Median (KEM) method and Stepwise Weight Assessment Ratio Analysis (SWARA) method, which can make the weight more practical and effective under the situation of completely unknown weights. Finally, the proposed model is used to the case of logistics enterprises’ risk assessment. The application of the case shows the feasibility of the proposed model, and the comparisons with some existing methods illustrate the advantages of the proposed risk assessment model.

Keywords: Risk assessment; FMEA; free double hierarchy hesitant fuzzy linguistic term sets; KEM method; SWARA method; extended COPRAS method; multiple attribute decision-making (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1142/S0219622021500218

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