A Hybrid FMEA-ROC-CoCoSo Approach for Improved Risk Assessment and Reduced Complexity in Failure Mode Prioritization

Abstract

Publisher Copyright: © 2024 by the authors.This paper proposes a novel hybrid model that integrates failure mode and effects analysis (FMEA), Rank Order Centroid (ROC), and Combined Compromise Solution (CoCoSo) to improve risk assessment and prioritization of failure modes. A case study in the healthcare sector will be conducted to validate the effectiveness of the proposed model. ROC is used to assign weights to the FMEA criteria (severity, occurrence, and detectability). CoCoSo is then applied to create a robust ranking of failure modes by considering multiple criteria simultaneously. The results of the case study show that the hybrid FMEA-ROC-CoCoSo model improves the accuracy and objectivity of risk prioritization. It effectively identifies critical failure modes, outperforming traditional FMEA. The hybrid approach not only improves risk management decision making, leading to better mitigation strategies and higher system reliability, but also reduces the complexity typically found in FMEA hybrid models. This model provides a more comprehensive risk assessment tool suitable for application in different industries.publishersversionpublishe