Abstract

BARKHUIZEN, W.F.; PRETORIUS, J.H.C.  and  PRETORIUS, L.. An integrated systems approach to risk management within a technology-driven industry, using the design structure matrix and fuzzy logic. S. Afr. J. Ind. Eng. [online]. 2012, vol.23, n.2, pp.202-214. ISSN 2224-7890.

Risk interactions exist within a system and its sub-systems, between functional and physical elements in various dimensions such as spatial interaction, information exchange, material transfer, and energy exchange. These interactions are of a multi-dimensional complexity, and thus are not sufficiently interpreted using conventional management tools. Alternative system representation and analysis techniques are proposed - in particular the design structure matrix (DSM) and fuzzy logic thinking - to quantify the risk management effort necessary to deal with uncertain and imprecise interactions. A cement grinding plant case study is used to elaborate on the risk management methodology

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