Sustainable EOQ and EPQ models for a two-echelon multi-product supply chain with return policy

Environment, Development and Sustainability - In this work, a new model is developed to determine optimum sustainable economic order quantity (EOQ) and economic production quantity (EPQ) values for...     

Project risk identification and assessment simultaneously using multi-attribute group decision making technique

The identification and assessment of project risks among potential risks can be considered a multi-attribute group decision making (MAGDM) problem including both quantitative and qualitative criteria. We extend the concept of safety to risk identification and assessment; this is to emphasize that the focus should not only be on the time and cost criteria, but also on the health, safety and environment (HSE) criterion. Conventional approaches to risk identification and risk assessment separately tend to be less effective in dealing with the imprecise of the risk assessment individually. The aim of this paper is to present a new methodology for identifying and assessing risks simultaneously by applying MAGDM technique. This paper includes a new procedure for classifying potential risks which it is named potential risk breakdown structure (PRBS) based on project work breakdown structure (WBS). Nominal group technique (NGT) is utilized for gathering potential risks. Obtained results have been applied in gas refinery plant construction successfully.     

Risk-based reliability assessment under epistemic uncertainty

Existing risk in production systems has a direct relationship with unreliability of these systems. Under such circumstances, the approach to maximize the reliability should be replaced with a risk-based reliability assessment approach. Calculating the absolute reliability for systems and complex processes, when we are not provided with any data on failure, is extremely complex and difficult. Until now, studies of reliability assessment have been based on the probability theory, in which the failure time is anticipated after determining the type of size distributions. However, in this paper, the researchers have developed an approach to apply the possibility theory instead of the probability theory. Instead of using absolutely qualitative methods, this new approach applies the Dempster–Shafer Theory. It is obvious when there are insufficient data; an index is needed to make a decision. Then, a novel method is proposed and used in a real case study in order to determine the reliability of production systems based on risk when the available data are not sufficient, helping us to make decisions. After calculating the failure probability and analyzing the assessment matrix and risk criteria, we may conclude that the failure risk of equipment is reduced while the system reliability is increased.