An integrated systems approach to risk management within a technology-driven industry, using the design structure matrix and fuzzy logic

Abstract

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 methodolog