Mechanical Engineering Commons^™

Assessing Production Line Risk Using Bayesian Belief Networks And System Dynamics, Sudhir Punyamurthula, Fazleena Badurdeen

Mechanical Engineering Faculty Publications

Increased complexity in product design, strict regulations and a changing market make risk assessment critical for successful operations. Failure in responding quickly to raw material shortages, downtimes, deteriorating equipment conditions or other operational issues can prove to be an expensive affair. A company-wide risk assessment includes both external and internal operations. However, external/supplier risk assessment has been of major interest. Even though the scope of risk assessment at the production line level is not as broad as it is at the supply chain level, assessing risk would help recognize vulnerable areas of the production line, which would in turn help …