Managing Risk in Advanced Manufacturing Technology

Hottenstein, Michael P.; Dean, James W.

doi:10.2307/41166706

Cited by 34 publications

(16 citation statements)

References 3 publications

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“…For public clients, they aim to improve the effectiveness, efficiency, and economics in PPPs [9]. Reference [10] defines project risks as the probability that contractors or owners can not achieve their goals in a project. Therefore, the risks can be defined as the uncertain factors that can influence the objectives of the PPP projects.…”

Section: The Methodology and Procedures Of Risk Identification In mentioning

confidence: 99%

Critical Risks Identification of Public Private Partnerships in China and the Analysis on Questionnaire Survey

Yuan

Deng

2008

2008 4th International Conference on Wireless Communications, Networking and Mobile Computing

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Public Private Partnerships (PPPs) have been applied for twenty years in China. Many problems of PPP projects in China are related to unsuccessful risk management. This paper addresses the process of risk identification for the PPP projects in China, which is the first stage of the risk management process and is important for the project objectives to be achieved. The aim of this paper is to identify the critical risks during the process of PPP projects in China. The method of Work Breakdown Structure -Risk Breakdown Structure is used to identify the detailed and thorough risks in PPPs. In order to obtain the critical risks, a structure questionnaire survey was conducted during the moths of March 2007 and August 2007 in China, which find 20 critical risks of PPP projects in China. On the basis of the survey results, five best-value risk management objectives are established by the statistical way of factor analysis, which will be helpful to improve the efficiency and effectiveness of risk management to achieve the best value of PPP projects in China.

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Section: The Methodology and Procedures Of Risk Identification In mentioning

confidence: 99%

Critical Risks Identification of Public Private Partnerships in China and the Analysis on Questionnaire Survey

Yuan

Deng

2008

2008 4th International Conference on Wireless Communications, Networking and Mobile Computing

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“…Therefore, risk averse managers often do not invest beyond trials. Yet, the results from trials can help managers to set expectations and to develop a risk profile for drone programs in their settings (Hottenstein and Dean, 1992). Furthermore, organizations that plan to invest in drone operations face the "make-or-buy" dilemma.…”

Section: Drones In Manufacturingmentioning

confidence: 99%

Drones in manufacturing: exploring opportunities for research and practice

Maghazei

Netland

2019

JMTM

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Purpose Although the industrial application of drones is increasing quickly, there is a scarcity of applications in manufacturing. The purpose of this paper is to explore current and potential applications of drones in manufacturing, examine the opportunities and challenges involved and propose a research agenda. Design/methodology/approach The paper reports the result of an extensive qualitative investigation into an emerging phenomenon. The authors build on the literature on advanced manufacturing technologies. Data collected through in-depth interviews with 66 drone experts from 56 drone vendors and related services are analyzed using an inductive research design. Findings Drones represent a promising AMT that is expected to be used in several applications in manufacturing in the next few years. This paper proposes a typology of drone applications in manufacturing, explains opportunities and challenges involved and develops a research agenda. The typology categorizes four types of applications based on the drones’ capabilities to “see,” “sense,” “move” and “transform.” Research limitations/implications The proposed research agenda offers a guide for future research on drones in manufacturing. There are many research opportunities in the domains of industrial engineering, technology development and behavioral operations. Practical implications Guidance on current and promising potentials of drones in manufacturing is provided to practitioners. Particularly interesting applications are those that help manufacturers “see” and “sense” data in their factories. Applications that “move” or “transform” objects are scarcer, and they make sense only in special cases in very large manufacturing facilities. Originality/value The application of drones in manufacturing is in its infancy, but is foreseen to grow rapidly over the next decade. This paper presents the first academically rigorous analysis of potential applications of drones in manufacturing. An original and theory-informed typology for drone applications is a timely contribution to the nascent literature. The research agenda presented assists the establishment of a new stream of literature on drones in manufacturing.

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“…there are diff erent risks, such as technological and marketing risks, associated with each ·project (for more discussion of uncertainty and risk see McFarlan, 1981;Riggs et al, · t994;Hottenstein and Dean, 1991;and Rousel et al, 1991). The approach that is presented in this paper takes uncertainty and risk into consideration during the scoring stage; it also makes it possible to balance the portfolio in terms of risk by adding a suitable set of constraints to the model, as explained before.…”

Section: Summary and Discussionmentioning

confidence: 99%

A Zero-One Model for Project Portfolio Selection and Scheduling

Ghasemzadeh¹,

Archer²,

Iyogun³

1999

The Journal of the Operational Research Society

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A zero-one integer linear programming model is proposed for selecting and scheduling an optimal project portfolio, based on the organization's objectives, and constraints such as resource limitations and interdependence among projects. The major contribution of the paper is that the proposed model not only suggests projects that should be incorporated in the optimal portfolio, but it also determines the starting period for each project. Scheduling considerations can have a major impact on the combination of projects that can be incorporated in the portfolio, and may all ow the addition of certain projects to the portfolio that could not have been selected otherwise. Moreover, the model handles situations that frequently happen in real world applications, in which the amount of available and consumed resources varies in different periods. An example problem is described and solved with the proposed model to ill ustrate the approach, and some areas for future research are discussed .

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Managing Risk in Advanced Manufacturing Technology

Cited by 34 publications

References 3 publications

Critical Risks Identification of Public Private Partnerships in China and the Analysis on Questionnaire Survey

Critical Risks Identification of Public Private Partnerships in China and the Analysis on Questionnaire Survey

Drones in manufacturing: exploring opportunities for research and practice

A Zero-One Model for Project Portfolio Selection and Scheduling

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