Purpose This paper aims to simulate vital corrective actions (CAs) affecting system availability through a system dynamics approach based on the results obtained by analyzing the causal relationships among failure modes and effects analysis elements. Design/methodology/approach A stock and flow...

Purpose – The purpose of this paper is to describe a generic method and tool for assessing the reliability and robustness of the product development process. Design/methodology/approach – By extending the integrated definition for function modelling (IDEF0)‐based modelling approach, the...

Purpose – The purpose of this paper is to provide an insight into the use of an integrated approach of fuzzy analytical hierarchy process (fuzzy AHP) and TOPSIS in evaluating the performance of global third party logistics service providers for effective supply chain management....

Purpose – Shalit and Yitzhaki presented the mean‐extended Gini (MEG) as a workable alternative to the Markowitz mean‐variance approach in 1984. Since then, the challenge has been to extend the MEG approach. The purpose of this paper is to propose a generalization of the MEG approach for...

Purpose – The aim of this research is to provide an approach for modeling system risk management and to develop an analytic hierarchy process (AHP)-based model for simulating decisions on introducing innovations in air transport systems. Design/methodology/approach – The paper proposes AHP...

Purpose This paper aims to take the challenge to propose a novel modelling approach named Change Risk Assessment Model (CRAM), which will contribute significantly to the missing formality of business models especially in the change risk assessment area and decision-making. Organisational change...

Purpose The purpose of this paper is to determine the criteria weights of outsourcing and their key role in ranking outsourcing suppliers. Design/methodology/approach A new hybrid multi-criteria decision-making approach merges three tools, namely, decision making trial and evaluation (DEMATLE),...

Purpose The purpose of this paper is to identify a subset of key financial ratios and factors that provide the best discriminating power to distinguish between creditworthy companies (CWCs) and less creditworthy companies (LCWCs) in the USA with the proposed method. Design/methodology/approach A...