2017
DOI: 10.1016/j.ijome.2016.12.001
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Multi-criteria risk assessment approach for components risk ranking – The case study of an offshore wave energy converter

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Cited by 28 publications
(31 citation statements)
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“…Figure illustrates the plot of RPN against frequency of a random combination of O, S, and D. Holes are shown as portions of discontinuities between successive RPNs in multiplicative scales. The direct consequence of “sensitivity to small changes” is that errors due to uncertainties associated with the judgment of O, S, and D become exaggerated …”
Section: Introductionmentioning
confidence: 99%
“…Figure illustrates the plot of RPN against frequency of a random combination of O, S, and D. Holes are shown as portions of discontinuities between successive RPNs in multiplicative scales. The direct consequence of “sensitivity to small changes” is that errors due to uncertainties associated with the judgment of O, S, and D become exaggerated …”
Section: Introductionmentioning
confidence: 99%
“…Outcome of this process reached consensus from all four experts about the accuracy of ranking (local and global aggregation) denoting that the framework derived realistic conclusions. Further, validation of the framework on a real case study can be found in Kolios, Umofia, and Shafiee (2017) and Okoro et al (2016).…”
Section: Resultsmentioning
confidence: 99%
“…Okoro, Kolios, and Cui () proposed and implemented an enhanced, condition‐based multicriteria risk assessment framework that (a) identifies variations in the conditions and environment of the components of an offshore structure or system, (b) identifies failure modes and mechanisms to which the components can be exposed as a result of these variations, (c) analyses the implicit relationship/interaction between these variations and the O, S, and D of the failure modes/mechanisms, and (d) takes a guided decision on prioritization. In so doing, the framework identifies unforeseen failure and integrity challenges that site personnel may not have previously encountered and that, in many cases, can cause unexpected obstruction to the flow of production, resulting in costly emergency repairs to get the asset back on line.…”
Section: Introductionmentioning
confidence: 99%
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“…For this novel WEC, which underwent design updates after deployment, numerous failure modes, often linked to human factors, not originally identified in the FEMEA occurred. Okoro et al [27] created a system for ranking (giving relative priority to) failure modes of a WEC, which may provide some further insight into prioritizing maintenance and inspections.…”
Section: Failure Modes Analysismentioning
confidence: 99%