2020
DOI: 10.1016/j.jlp.2020.104261
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Mitigation of operational failures via an economic framework of reliability, availability, and maintainability (RAM) during conceptual design

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Cited by 20 publications
(12 citation statements)
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“…The decision makers should balance these conflicting objectives and select a strategy that reconciles the importance of the economic, environmental, and safety objectives. Alternatively, the decision makers may use an economic platform to incorporate sustainability, risk, and resilience into the ROI calculations [57][58][59][60][61][62].…”
Section: Resultsmentioning
confidence: 99%
“…The decision makers should balance these conflicting objectives and select a strategy that reconciles the importance of the economic, environmental, and safety objectives. Alternatively, the decision makers may use an economic platform to incorporate sustainability, risk, and resilience into the ROI calculations [57][58][59][60][61][62].…”
Section: Resultsmentioning
confidence: 99%
“…We identify the most critical subsystems during the conceptual designing operation in the industry through the utilization of the Markov analysis for measuring the various parameters such as failure and repair rate. is RAM analysis proposed the optimal result for predicting the sensitive subsystem in the industry concerning the variations of the parameters [30]. ey have explained the evaluation of supplier selection in the industry using the hybrid fuzzy decision model for achieving the better customer satisfaction and higher productivity [31].…”
Section: Mathematical Problems In Engineeringmentioning
confidence: 99%
“…The modified weighted objective considers reliability, resilience, safety, and sustainability at the expense of plant profitability. Al‐Douri et al 21 explored the trade‐offs between the system reliability and total cost. They utilized a markov procedure in the early stages of process design to identify and avoid potential failure events before finalizing conceptual design.…”
Section: Introductionmentioning
confidence: 99%