A Hybrid FMEA-ROC-CoCoSo Approach for Improved Risk Assessment and Reduced Complexity in Failure Mode Prioritization
This paper proposes a novel hybrid model that integrates failure mode and effects analysis (FMEA), Rank Order Centroid (ROC), and Combined Compromise Solution (CoCoSo) to improve risk assessment and prioritization of failure modes. A case study in the healthcare sector will be conducted to validate...
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| Format: | Article |
| Language: | English |
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MDPI AG
2024-12-01
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| Series: | Algorithms |
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| Online Access: | https://www.mdpi.com/1999-4893/17/12/585 |
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| author | Vitor Anes António Abreu |
| author_facet | Vitor Anes António Abreu |
| author_sort | Vitor Anes |
| collection | DOAJ |
| description | This paper proposes a novel hybrid model that integrates failure mode and effects analysis (FMEA), Rank Order Centroid (ROC), and Combined Compromise Solution (CoCoSo) to improve risk assessment and prioritization of failure modes. A case study in the healthcare sector will be conducted to validate the effectiveness of the proposed model. ROC is used to assign weights to the FMEA criteria (severity, occurrence, and detectability). CoCoSo is then applied to create a robust ranking of failure modes by considering multiple criteria simultaneously. The results of the case study show that the hybrid FMEA-ROC-CoCoSo model improves the accuracy and objectivity of risk prioritization. It effectively identifies critical failure modes, outperforming traditional FMEA. The hybrid approach not only improves risk management decision making, leading to better mitigation strategies and higher system reliability, but also reduces the complexity typically found in FMEA hybrid models. This model provides a more comprehensive risk assessment tool suitable for application in different industries. |
| format | Article |
| id | doaj-art-88bb4b8167d3402288ec4dc334313a3f |
| institution | Kabale University |
| issn | 1999-4893 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Algorithms |
| spelling | doaj-art-88bb4b8167d3402288ec4dc334313a3f2024-12-27T14:05:19ZengMDPI AGAlgorithms1999-48932024-12-01171258510.3390/a17120585A Hybrid FMEA-ROC-CoCoSo Approach for Improved Risk Assessment and Reduced Complexity in Failure Mode PrioritizationVitor Anes0António Abreu1IDMEC, Instituto Superior Técnico, University of Lisbon, Av Rovisco Pais, 1049-001 Lisbon, PortugalUnit for Innovation and Research in Engineering, Polytechnic University of Lisbon, 1959-007 Lisbon, PortugalThis paper proposes a novel hybrid model that integrates failure mode and effects analysis (FMEA), Rank Order Centroid (ROC), and Combined Compromise Solution (CoCoSo) to improve risk assessment and prioritization of failure modes. A case study in the healthcare sector will be conducted to validate the effectiveness of the proposed model. ROC is used to assign weights to the FMEA criteria (severity, occurrence, and detectability). CoCoSo is then applied to create a robust ranking of failure modes by considering multiple criteria simultaneously. The results of the case study show that the hybrid FMEA-ROC-CoCoSo model improves the accuracy and objectivity of risk prioritization. It effectively identifies critical failure modes, outperforming traditional FMEA. The hybrid approach not only improves risk management decision making, leading to better mitigation strategies and higher system reliability, but also reduces the complexity typically found in FMEA hybrid models. This model provides a more comprehensive risk assessment tool suitable for application in different industries.https://www.mdpi.com/1999-4893/17/12/585hybrid FMEAROCCoCoSorisk assessmentfailure mode prioritization |
| spellingShingle | Vitor Anes António Abreu A Hybrid FMEA-ROC-CoCoSo Approach for Improved Risk Assessment and Reduced Complexity in Failure Mode Prioritization Algorithms hybrid FMEA ROC CoCoSo risk assessment failure mode prioritization |
| title | A Hybrid FMEA-ROC-CoCoSo Approach for Improved Risk Assessment and Reduced Complexity in Failure Mode Prioritization |
| title_full | A Hybrid FMEA-ROC-CoCoSo Approach for Improved Risk Assessment and Reduced Complexity in Failure Mode Prioritization |
| title_fullStr | A Hybrid FMEA-ROC-CoCoSo Approach for Improved Risk Assessment and Reduced Complexity in Failure Mode Prioritization |
| title_full_unstemmed | A Hybrid FMEA-ROC-CoCoSo Approach for Improved Risk Assessment and Reduced Complexity in Failure Mode Prioritization |
| title_short | A Hybrid FMEA-ROC-CoCoSo Approach for Improved Risk Assessment and Reduced Complexity in Failure Mode Prioritization |
| title_sort | hybrid fmea roc cocoso approach for improved risk assessment and reduced complexity in failure mode prioritization |
| topic | hybrid FMEA ROC CoCoSo risk assessment failure mode prioritization |
| url | https://www.mdpi.com/1999-4893/17/12/585 |
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