• DocumentCode
    2083049
  • Title

    Using risk assessment to mitigate new business demands uncertainties

  • Author

    Scapin, Carlos Alberto ; de Alencar Miranda Gomes, L.

  • Author_Institution
    Center for Maintenance & Reliability, INDG, Brazil
  • fYear
    2010
  • fDate
    25-28 Jan. 2010
  • Firstpage
    1
  • Lastpage
    6
  • Abstract
    This paper will explore a technique of Risk Assessment to mitigate new business demands uncertainties. Many times, especially in industrial process, decisions to accept new demands are made based in empirical procedures that are just based in some perceptions highly susceptible to failure. A methodology to reduce or eliminate that kind of risk exposure will benefit companies´ executives for a decision make. This methodology integrates FTA (Fault Tree Analysis), cut sets probabilities, Cost Risk Simulation and QFD principles to prioritize the control variables in the process and guarantee the technical specification requirements for product reliability or legal requirements.
  • Keywords
    costing; decision making; fault trees; law; organisational aspects; quality function deployment; reliability; risk management; QFD principles; companies; cost risk simulation; cut sets probabilities; decision making; fault tree analysis; industrial process; legal requirements; new business demands uncertainties; product reliability; risk assessment technique; risk exposure; Analytical models; Companies; Costs; Fault trees; Law; Quality function deployment; Risk analysis; Risk management; US Department of Transportation; Uncertainty; QFD; Risk Assessment; cost risk simulation; cut set probabilities; fault tree analysis;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Reliability and Maintainability Symposium (RAMS), 2010 Proceedings - Annual
  • Conference_Location
    San Jose, CA
  • ISSN
    0149-144X
  • Print_ISBN
    978-1-4244-5102-9
  • Electronic_ISBN
    0149-144X
  • Type

    conf

  • DOI
    10.1109/RAMS.2010.5447974
  • Filename
    5447974