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Type: Journal article
Title: Integrating SWOT analysis into the FMEA methodology to improve corrective action decision making
Author: Sutrisno, A.
Kwon, H.
Gunawan, I.
Eldridge, S.
Lee, T.
Citation: International Journal of Productivity and Quality Management, 2016; 17(1):1-23
Publisher: Inderscience Enterprises
Issue Date: 2016
ISSN: 1746-6474
Statement of
Agung Sutrisno, Hyuck Moo Kwon, Indra Gunawan, Steven Eldridge, Tzong Ru Lee
Abstract: Improving the method for selecting risk-based competing improvement strategies has equal importance with failure risk quantification in the FMEA methodology. Nevertheless, there are few studies which focus on this issue. Furthermore, the influence of factors relating to the business environment which may support or derail improvement efforts is not considered in previous studies. In order to address these limitations, a model is proposed in which the impact of environmental factors is considered by integrating SWOT analysis into the FMEA method in order to support the appraisal of competing risk-based improvement efforts. The impact of SWOT variables is deployed using a decision support model based upon the benefit, cost, opportunity, risk and organisational readiness index (BCOR2) approach in order for the FMEA team to select from competing corrective actions. A case example from industry is provided in which the proposed model is applied. This example illustrates that this new model contributes successfully to good practice by identifying the most appropriate corrective action option to take and improves upon the decisions provided by existing developments of the FMEA methodology.
Keywords: FMEA; SWOT analysis; BCOR; organisational readiness; corrective action
Rights: © 2016 Inderscience Enterprises Ltd.
RMID: 0030042546
DOI: 10.1504/IJPQM.2016.073283
Appears in Collections:Entrepreneurship, Commercialisation, and Innovation Centre publications

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