Abstract
A process-oriented risk assessment methodology is proposed. Risks involved in a process and the corresponding risk factors are identified through an objectives-oriented risk identification approach and evaluated qualitatively in the Process FMEA. The critical risks of the PFMEA are then incorporated in the process model for further quantitative analysis employing simulation technique. Using the proposed methodology as a decision-making tool, alternative scenarios are developed and evaluated against the developed risk measures. The risk measures values issues out of simulation are normalized and aggregated to form a global risk indicator to rank the alternative processes on the basis of desirability. The methodology is illustrated with a case study issued from parts manufacturing but is applicable to a wide range of other processes.
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