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
Link To Document :
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