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TitleMeasuring and managing operational risk in industrial processes
Author(s)Sousa, Sérgio
Nunes, Eusébio P.
Lopes, Isabel da Silva
KeywordsISO 9001:2015
Preventive maintenance
Risk identification
Risk quantification
Weibull analysis
Issue dateDec-2015
PublisherUniversity of Belgrade. Faculty of Mechanical Engineering
JournalFME Transactions
Abstract(s)The risk of not achieving process outcomes in key processes should be identified and reduced to achieve better results. The identification of risks involves defining the possible events that compromises the achievement of process outcomes and also the consequences of the occurrence of these events. This paper proposes a methodology to minimize operational/technical risk across different processes or departments, minimizing the possibility of spending excessive resources in a given process while other processes pose bigger risks to the organisation or considered system. The probability of occurrence of the events that hinder the achievement of outcomes can be influenced by some technical, administrative or management actions. The methodology is tested through a case study of a CNC milling section on a furniture manufacturing process. The reliability of a key item, electrospindles, is determined and the influence of maintenance activities on such reliability and therefore on risk is analysed
Publisher version
AccessRestricted access (UMinho)
Appears in Collections:LES/ALG - Artigos em revistas científicas internacionais com arbitragem

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