Abstract
This paper aims to apply the novel integrated Value Engineering and Risk Assessment (VENRA) framework for measuring shipyard performance based on the combination of fuzzy Decision Making Trial and Evaluation Laboratory (DEMATEL) and Analytic Hierarchy Process (AHP) tools. These are used to assess the criteria cause-effect and weight ranking analysis, considering the causal and affected groups while prioritising the criteria and sub-criteria ranking. A shipyard case study was used to apply the proposed framework, showing that the shipyard with a high personnel’s safety group is majorly more important than the environmental impact. The combination of hybrid MCDM tools has enhanced the process of determining the criteria analysis. Waste management has become the most impacting attribute amongst the criteria group, while the HSE department is the most critical criterion. However, the green energy used is still a minor factor as it is still not fully exploited within the existing shipyard and has not been fully supported by existing regulations yet.
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