Abstract

Recognizing the importance of risk assessment and the large-scale industrial spread of network research, we developed a new approach to risk assessment.•The risk assessment takes into account the chains of impact between each level and the frequency of effects and their causes.•In contrast to the traditional FMEA methodology, we evaluate the frequency of occurrence and detectability not only at the level of causes but also at the level of effects.•All this is complemented by a toolkit of network research methodology. The new methodology is validated through a real industry example, which is a risk assessment of a screwdriver station.

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