Abstract

This paper uses the method of expert voting to determine the top ten key risk factors, and then uses the interpretative structure model to find out the deep logic between the top ten risks. Ten key risk factors are attributable to five aspects of the project of washing equipment development: organization, initiative, planning, executing and controlling that more intuitively show the level of the relationship between the factors, which provides a theoretical foundation for risk management and risk response of washing equipment development project, to reduce the risk and failure.

Highlights

  • With the improvement of living standards, the washing amount of hotel and restaurant linens is growing, and washing industry has ushered in a new development opportunities

  • This paper establishes the interpretative structure model of risk factors of washing machine development project by using the interpretative structural model method (Interpretative Structure Model, referred to as ISM), to analyze the causal relationship between the key risk factors and find out the key factors that lead to the failure of the project of washing equipment development, for providing theoretical guidance for risk management of the washing equipment development project

  • Based on the previous washing equipment development project risk register analysis and through expert interview, this paper extracted the 21 risk factors which may cause the failure of washing equipment development project and formed a list of risk factors, and the risk factors are divided into five categories—group, initiating process, planning process, executing process and controlling process (Table 1)

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Summary

Introduction

With the improvement of living standards, the washing amount of hotel and restaurant linens is growing, and washing industry has ushered in a new development opportunities. According to the ministry of commerce business information service enterprise statistics and the wash typical commission statistics data, by the end of 2016, washing and dyeing industry revenue has risen from 99.82 billion yuan in 2015 to 104.71 billion yuan in 2016, increased by 4.9%. One of the enterprises above designated size operating income rose from 57.13 billion yuan in 2015 to 60.67 billion yuan in 2016, increased by 6.2%. The size of the following corporate revenues from 42.7 billion yuan in 2015, rose to 44.04 billion yuan in 2016, up 3.2%. The control ability of risk determines the success or failure of the project of washing equipment development to a certain extent. This paper establishes the interpretative structure model of risk factors of washing machine development project by using the interpretative structural model method (Interpretative Structure Model, referred to as ISM), to analyze the causal relationship between the key risk factors and find out the key factors that lead to the failure of the project of washing equipment development, for providing theoretical guidance for risk management of the washing equipment development project

Literature Review
Identify Risk Factors
Evaluation value Yi
Create Adjacency Matrix Based on Key Risk Factors
Grade Partition for Reachable Matrix
Create Interpretative Structural Model
Management Enlightenment
Conclusions

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