An improved FMEA method based on the expert trust network for maritime transportation risk management

Liu, Peide; Wu, Yifan; Li, Ying; Wu, Xiaoming

doi:10.1016/j.eswa.2023.121705

Cited by 6 publications

(2 citation statements)

References 65 publications

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“…The assessment and management of risks are paramount for marine applications, given the inherent complexities and potential hazards associated with maritime operations [41]. Historically, several methodologies have been employed to evaluate and mitigate risks, with the Failure Mode and Effects Analysis (FMEA) approach emerging as a predominant one [42,43].…”

Section: Risk Assessment In Maritime Technologymentioning

confidence: 99%

Retrofitting Technologies for Eco-Friendly Ship Structures: A Risk Analysis Perspective

Kolios

2024

JMSE

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This paper presents a detailed risk assessment framework tailored for retrofitting ship structures towards eco-friendliness. Addressing a critical gap in current research, it proposes a comprehensive strategy integrating technical, environmental, economic, and regulatory considerations. The framework, grounded in the Failure Mode, Effects, and Criticality Analysis (FMECA) approach, adeptly combines quantitative and qualitative methodologies to assess the feasibility and impact of retrofitting technologies. A case study on ferry electrification, highlighting options like fully electric and hybrid propulsion systems, illustrates the application of this framework. Fully Electric Systems pose challenges such as ensuring ample battery capacity and establishing the requisite charging infrastructure, despite offering significant emission reductions. Hybrid systems present a flexible alternative, balancing electric operation with conventional fuel to reduce emissions without compromising range. This study emphasizes a holistic risk mitigation strategy, aligning advanced technological applications with environmental and economic viability within a strict regulatory context. It advocates for specific risk control measures that refine retrofitting practices, guiding the maritime industry towards a more sustainable future within an evolving technological and regulatory landscape.

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Section: Risk Assessment In Maritime Technologymentioning

confidence: 99%

Retrofitting Technologies for Eco-Friendly Ship Structures: A Risk Analysis Perspective

Kolios

2024

JMSE

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“…Risk management [1] plays an important role in many branches of industry [2][3][4]. For that reason, the Central Threat Register (CTR) [5,6]-a tool for supporting decision-making in railway transportation-was developed.…”

Section: Introductionmentioning

confidence: 99%

A Generic Component for Analytic Hierarchy Process-Based Decision Support and Its Application for Postindustrial Area Management

Michalak,

Bagiński,

Białas

et al. 2023

Infrastructures

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This paper presents a generic component for Analytic Hierarchy Process (AHP)-based decision support in risk management. The component was originally dedicated to railway transportation issues; however, its generality enabled it to extend its functionality for other domains too. To show the generality of the module and possibility of its application in other domains, an environmental case was run. Its goal was to select methods for planning the post-mining heap revitalization process, especially decision-making focusing on the selection of the most advantageous revitalization option on the basis of the Analytic Hierarchy Process and different, non-financial factors, e.g., social, environmental, technological, political, etc. Taking into account expert responses, the suggested solution was related to energy production.

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An interaction‐based combined portfolio strategy with applications to stock markets

He,

Wang,

Xiong

2024

Manage Decis Econ

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Each portfolio model has its own advantages. Behavioral portfolio models can depict investor psychology, but it is not easy to obtain the preference parameters. We propose an interaction‐based combined (InCo) portfolio that determines the proportions of assets based on investor preferences. We take the existing models as alternatives and innovatively develop a visualization tool to present the portfolio performance. Hesitant fuzzy set theory is used to describe investor evaluations and to then determine the proportions of alternatives. The out‐of‐sample performance of four strategies is tested on four datasets. The results show that InCo portfolio performs better in various markets.

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An improved FMEA method based on the expert trust network for maritime transportation risk management

Cited by 6 publications

References 65 publications

Retrofitting Technologies for Eco-Friendly Ship Structures: A Risk Analysis Perspective

Retrofitting Technologies for Eco-Friendly Ship Structures: A Risk Analysis Perspective

A Generic Component for Analytic Hierarchy Process-Based Decision Support and Its Application for Postindustrial Area Management

An interaction‐based combined portfolio strategy with applications to stock markets

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