Proposes an improvement of the RPN model used in the failure mode and effects analysis. The aim of the proposed model is to make RPN a better measurement tool. Suggests combining the improved RPN model with an expected cost model in quality improvement efforts.

Evaluating project proposals with respect to safety and reliability objectives is extremely complex. Several tangible as well as intangible factors need to be considered. Also, most often these factors are difficult to measure objectively because of their nature and the lack of factual data and...

Purpose For any improvement tool to be successfully integrated into an organizations’ quality improvement or risk management programme, it needs to be relatively easy-to-use and proven to provide benefits to the customer and organization. Many healthcare organizations are facing fiscal...

Purpose – Due to the warming at the automotive market in the last years and consequently the growth of vehicle production has been moved and placed emphasis on the segment. In recent years, some have known, for example, as the earthquake that struck Japan in 2011 was able to disrupt the...

Purpose – The purpose of this study is to examine the effect of brand familiarity, the number of pieces of product information presented on a web site, and previous online apparel shopping experience on perceived risk and purchase intention. Design/methodology/approach – The experiment was 2...

Purpose – Postponement is known as a way to reduce risk and inventories while still providing high product variety and acceptable response times. The paper is a case study that uses simulation for quantifying these benefits for a consumer electronics company. Design/methodology/approach –...

Farming in Bangladesh is confronted with various types of uncertainties, which contribute to farmers’ income volatility over the years. As a result, cereal, mainly rice, which is a less riskier crop remained dominantly planted in the current farm plan. But the return generated from rice...

By 2003, there was a total of 176 Islamic banks around the globe with their total assets close to $147 billion. This article shows that this form of specialized banking may help in promoting growth in these developing economies. During the transition phase of a developing growth economy to a...

Purpose – The purpose of this paper is to discover the causes of the devastation of New Orleans and the Mississippi Gulf Coast and how it may be ameliorated. Design/methodology/approach – Economic analysis of the prior conditions causing susceptibility to flooding, and of the subsequent...

Purpose – The purpose of this paper is twofold: first to add to the debate on good governance and ethics of enterprise risk management (ERM) and second to describe an ethical maturity scale based on duty and responsibility for practical implementation to ensure better governance....