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AHP-FMEA-DA multi-criteria method for NPD project launch analysis

Author

Listed:
  • Pedro Angel Garcia Aguirre
  • Luis Pérez-Domínguez
  • David Luviano-Cruz
  • Jaime Solano-Noriega
  • Marling Carolina Cordero-Díaz

Abstract

Nowadays, new product development (NPD) process, demands the shortest development cycle-time to introduce new products into global markets, likewise, NPD helps firms to offer better products for their consumers, for this reason, different tools and methods are used to assure product launched on time without failures, failure mode and effect analysis (FMEA) is a useful tool in risk analysis and multicriteria decision making (MCDM). However, NPD requires an accurate risk assessment to assign the resources and optimise them during the process. This document aims to introduce a modified FMEA method used in combination with Analytic Hierarchical Process (AHP) and Dimensional Analysis (DA), offering an accurate risk assessment. The AHPFMEA-DA method intends to help Engineers and NPD Project Managers handling risks identified, besides, to make better decisions to allocate the resources available wisely. Additionally, this document contains a practical example of an NPD project to validate the proposed method.

Suggested Citation

  • Pedro Angel Garcia Aguirre & Luis Pérez-Domínguez & David Luviano-Cruz & Jaime Solano-Noriega & Marling Carolina Cordero-Díaz, 2023. "AHP-FMEA-DA multi-criteria method for NPD project launch analysis," International Journal of Innovation and Sustainable Development, Inderscience Enterprises Ltd, vol. 17(1/2), pages 138-151.
    • Handle: RePEc:ids:ijisde:v:17:y:2023:i:1/2:p:138-151
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    Cited by:

    1. Kwabena Abrokwah-Larbi, 2024. "The nexus between customer value analytics and SME performance in emerging market: a resource-based view perspective," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 14(1), pages 1-20, December.

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