Risk Assessment of Innovation Prototype for the Example Hydraulic Cylinder

Abstract

This paper presents both an example of the innovation prototype risk assessment and the universal way of conduct in assessing such solutions. For this purpose, the authors proposed a prototype risk assessment method based on the assumptions of the SWOT and TOWS analysis and the multi-criteria technical innovation risk assessment method. In the assumptions of the developed method, an account was taken of the conclusions resulting from the prospect theory. A symptom of this action was, e.g., a characterization of the team of experts (working on the prototype) in terms of their individual personality traits and mind (which has not been used so far in practical methods of assessing risk). As a result of the conducted assessment (for an innovative hydraulic cylinder prototype), the innovation prototype risk was determined as low, which was presented both on the map of domination and the map of risk assessment for this prototype. The procedure presented in the paper was planned so as to ensure that, after the prototype moves to the commercialization phase, it will be possible, on the basis of the already made calculations, to apply the full risk assessment dedicated for technical innovations with ease. This gives it a universal nature.

A Comprehensive Framework for Evaluating Bridge Resilience: Safety, Social, Environmental, and Economic Perspectives

“…These detours typically require more time and cover longer distances, resulting in significant CO 2 emissions. Given that cars and trucks represent the primary vehicle types affected by bridge closures, environmental indicators can be obtained according to Equation (7).…”

“…Therefore, to build a sustainable, environmentally friendly structure ecosystem, it is essential to consider not only safety and economic aspects but also potential environmental impacts. As manifested in Section 2.3.3, the CO 2 emissions generated by vehicle detours can be obtained by employing Equation (7), and those stemming from structural repair or reconstruction can be calculated as a weighted sum of the impacts for different damage states, which is weighted by their failure probabilities. Referring to the statistical characteristics and values provided in Table 4, the changes in CO 2 emissions for the bridge over its years of service are depicted in Figure 12.…”

“…Coppola [6] provided a comprehensive overview of the processes and special issues involved in the management of large-scale natural and technological disasters. Deptuła et al [7] proposed a prototype risk assessment method based on the assumptions of the SWOT and TOWS analysis and the multi-criteria technical innovation risk assessment method. Frangopol and Bocchini [8] summarized techniques for transportation network analysis and performance assessment.…”