Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/98411
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Type: | Journal article |
Title: | Integrating SWOT analysis into the FMEA methodology to improve corrective action decision making |
Author: | Sutrisno, A. Kwon, H. Gunawan, I. Eldridge, S. Lee, T. |
Citation: | International Journal of Productivity and Quality Management, 2016; 17(1):1-23 |
Publisher: | Inderscience Enterprises |
Issue Date: | 2016 |
ISSN: | 1746-6474 1746-6482 |
Statement of Responsibility: | Agung Sutrisno, Hyuck Moo Kwon, Indra Gunawan, Steven Eldridge, Tzong Ru Lee |
Abstract: | Improving the method for selecting risk-based competing improvement strategies has equal importance with failure risk quantification in the FMEA methodology. Nevertheless, there are few studies which focus on this issue. Furthermore, the influence of factors relating to the business environment which may support or derail improvement efforts is not considered in previous studies. In order to address these limitations, a model is proposed in which the impact of environmental factors is considered by integrating SWOT analysis into the FMEA method in order to support the appraisal of competing risk-based improvement efforts. The impact of SWOT variables is deployed using a decision support model based upon the benefit, cost, opportunity, risk and organisational readiness index (BCOR2) approach in order for the FMEA team to select from competing corrective actions. A case example from industry is provided in which the proposed model is applied. This example illustrates that this new model contributes successfully to good practice by identifying the most appropriate corrective action option to take and improves upon the decisions provided by existing developments of the FMEA methodology. |
Keywords: | FMEA; SWOT analysis; BCOR; organisational readiness; corrective action |
Rights: | © 2016 Inderscience Enterprises Ltd. |
DOI: | 10.1504/IJPQM.2016.073283 |
Published version: | http://dx.doi.org/10.1504/ijpqm.2016.073283 |
Appears in Collections: | Aurora harvest 7 Entrepreneurship, Commercialisation, and Innovation Centre publications |
Files in This Item:
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hdl_98411.pdf | Accepted version | 330.74 kB | Adobe PDF | View/Open |
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