Integrating SWOT analysis into the FMEA methodology to improve corrective action decision making

Abstract

Posting the Accepted Manuscript*  on the Author's personal or departmental web pages or social media at any point after publication and/or  on institutional repositories and/or subject repositories subject to an embargo of 6 months after publication or  on academic social networks such as Mendeley, ResearchGate or Academia.edu subject to an embargo of 6 months after publication;In all cases, acknowledgement in the form of a full citation must be given to the journal as the original source of publication, together with a link to the journal webpage and/or DOI as soon as they are available. 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.

Combining Kano’s Model, IPA, and FMEA to Evaluate Service Quality Risk for Bus Service: Case of Bangkok Bus Service

“…While FMEA techniques are widely used across various industries to assess the risks of failure modes, multiple expert opinions can result in vague and imprecise risk evaluations, leading to conflicting evidence that can be challenging to manage. As business situations become more complex with uncertainties and service process characteristics, FMEA applications are continuously evolving and becoming more advanced [54].…”

Improvement of the risk assessment of the implementation of railway digitalization using SWOT - FMEA method

“…Integraciju SWOT i FMEA metode prikazali su [11] sa ciljem unapređenja izbora korektivnih akcija u uslovima postojanja većeg broja dostupnih alternativa.…”

Failure Modes and Effects Analysis (FMEA) of Honeypot-Based Cybersecurity Experiment for IoT

“…Failure Modes and Effects Analysis (FMEA) is a systematic approach to thinking about what could go wrong, how bad might it be, how it could be prevented and mitigated during the development of a new system, product or following a process [3]. FMEA has been practised in various industries including automotive, manufacturing, health care, information management and software processes [3], [4]. FMEA promotes a bottom-up analysis which starts with looking at the lowest level components to find potential failure modes, their causes and the process proceeds up to identifying the failure effects on the overall system [5].…”