Developing a Hybrid Value Engineering and Risk Assessment (Venra) Framework for Shipbuilding and Ship Repair Industry Performance Measurement

Abstract

This paper proposes a novel performance measurement framework to enhance the decision-making process in assessing the ship manufacturing (shipbuilding, ship repair, and ship conversion/modification) industry. Integrated Value Engineering and Risk Assessment (VENRA) approach performance measurement for ship manufacturing is developed to tackle the problem. Thorough literature and critical study of the existing performance measurement for ship manufacturing are reviewed to create novel VENRA performance measurements. The attributes collected from the literature are grouped into four criteria performance, named VENRA attributes, combining the technical, business, external and safety/risk performance groups. The initial model will be assessed through fuzzy DEMATEL TOPSIS to achieve the weighted score of each attribute. The framework will be applied to three shipyard case studies in Indonesia. The quantitative data (from shipyards) and qualitative data (from expert opinion/judgment) will be included to get the results and the framework’s effectiveness.

Fuzzy AHP-Based Design Performance Index for Evaluation of Ferries

“…Pamucar, Deveci [52] developed a WASPAS (weighted aggregated sum product assessment) approach based on the fuzzy Hamacher weighted averaging function and weighted geometric averaging to assess the electrification of ferries. Baihaqi, Lazakis [53] combined DE- Based on alternatives' DPIs, the modular ferry is assembled using a sample graphical user interface in Figure 10 to help visualise the selection process. For the given choice of alternatives, the best modular ferry combination has a DPI of 0.6.…”

“…Pamucar, Deveci [52] developed a WASPAS (weighted aggregated sum product assessment) approach based on the fuzzy Hamacher weighted averaging function and weighted geometric averaging to assess the electrification of ferries. Baihaqi, Lazakis [53] combined DE- Through the method's application module, selection can be performed in an objective manner, resulting in a ferry tailored towards local requirements potentially saving the hassle of choosing among many alternatives.…”

“…Pamucar, Deveci [52] developed a WASPAS (weighted aggregated sum product assessment) approach based on the fuzzy Hamacher weighted averaging function and weighted geometric averaging to assess the electrification of ferries. Baihaqi, Lazakis [53] combined DEMATEL (decision-making trial and evaluation laboratory) and TOPSIS to assess the performance of shipbuilding and ship-repair industry. Celik, Bilisik [54] combined TOPSIS and GRA (grey relational analysis) to evaluate customer satisfaction in Istanbul's public transport.…”

Integrated Value Engineering and Risk Assessment Performance Measurement Framework in Ship-Manufacturing Industry towards Net Zero Emissions Using Fuzzy DEMATEL-AHP

“…Furthermore, this concept can also be incorporated with risk assessment practices and applied in the automotive industry through the Function Analysis System Technique (FAST) and Failure Mode and Effect Analysis (FMEA) as proposed by An delić et al [27] and in the domain of construction project management as discussed by Masengesho et al [28]. Nevertheless, it is worth noting that according to Baihaqi et al [29], the integrated VENRA concept has primarily been analysed theoretically and qualitatively, with limited practical application within the marine sector.…”