Risk Factors in the Process industry by using MCDM Methods: Literature from 2014 to 2019

Abstract

Risk factors act as a critical part in the process industry because it affects the production efficiency, turnover and industrial development. Both managers and employees from industry faces the risk and difficult to manage them. So, the main aim of the review paper is to identify the most influential risks in the process industry by using Multi-Criteria Decision Making (MCDM) methods. But many employees have illiterate and poor knowledge about the risks. To overcome this issue, based on the risk percentage we prioritize the risks. For the employee’s perspective, it is easy to know and understand about the risks, how to handle the risks and to take preventive action before the risk will happen. The result of the review paper shown that 40% of risks occurred in sustainability, therefore more attention should be given to the risks by implementing some norms and standards regarding social and environmental issues.