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Total efficient risk priority number (TERPN): a new method for risk assessment

Author

Listed:
  • Gianpaolo Di Bona
  • Alessandro Silvestri
  • Antonio Forcina
  • Antonella Petrillo

Abstract

Safety is one of the most important issues in modern industrial plants and industrial activities. The Safety Engineering role is to ensure acceptable safety levels of production systems, not only to respect local laws and regulations, but also to improve production efficiency and to reduce manufacturing costs. For these reasons, the choice of a proper model for risk assessment is crucial. In this context, the present research aims to propose a new method, called Total Efficient Risk Priority Number (TERPN), able to classify risks and identify corrective actions in order to obtain the highest risk reduction with the lowest cost. The main scope is to suggest a simple, but suitable model for ranking risks in a company, to reach the maximum effectiveness of prevention and protection strategies. The TERPN method is an integration of the popular Failure Mode Effect and Criticality Analysis (FMECA) with other important factors in risk assessment.

Suggested Citation

  • Gianpaolo Di Bona & Alessandro Silvestri & Antonio Forcina & Antonella Petrillo, 2018. "Total efficient risk priority number (TERPN): a new method for risk assessment," Journal of Risk Research, Taylor & Francis Journals, vol. 21(11), pages 1384-1408, November.
    • Handle: RePEc:taf:jriskr:v:21:y:2018:i:11:p:1384-1408
    DOI: 10.1080/13669877.2017.1307260
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    Cited by:

    1. Zaretalab, Arash & Hajipour, Vahid & Tavana, Madjid, 2020. "Redundancy allocation problem with multi-state component systems and reliable supplier selection," Reliability Engineering and System Safety, Elsevier, vol. 193(C).
    2. Muhammet Gul & Muhammet Fatih Ak, 2022. "Occupational Risk Assessment for Flight Schools: A 3,4-Quasirung Fuzzy Multi-Criteria Decision Making-Based Approach," Sustainability, MDPI, vol. 14(15), pages 1-22, July.
    3. James J. H. Liou & Perry C. Y. Liu & Huai-Wei Lo, 2020. "A Failure Mode Assessment Model Based on Neutrosophic Logic for Switched-Mode Power Supply Risk Analysis," Mathematics, MDPI, vol. 8(12), pages 1-19, December.
    4. Lizhong Tong & Zhongmin Pu & Jizheng Ma, 2019. "Maintenance Supplier Evaluation and Selection for Safe and Sustainable Production in the Chemical Industry: A Case Study," Sustainability, MDPI, vol. 11(6), pages 1-15, March.
    5. Gianpaolo Di Bona & Antonio Forcina & Domenico Falcone & Luca Silvestri, 2020. "Critical Risks Method (CRM): A New Safety Allocation Approach for a Critical Infrastructure," Sustainability, MDPI, vol. 12(12), pages 1-19, June.
    6. Yan Sun & Xinya Li & Xia Liang & Cevin Zhang, 2019. "A Bi-Objective Fuzzy Credibilistic Chance-Constrained Programming Approach for the Hazardous Materials Road-Rail Multimodal Routing Problem under Uncertainty and Sustainability," Sustainability, MDPI, vol. 11(9), pages 1-27, May.
    7. Tatiana Karkoszka, 2023. "Operational Control Model Based on Integrated Failure Analysis and Risk Assessment in Sustainable Technological Processes," Sustainability, MDPI, vol. 15(24), pages 1-24, December.
    8. Jiaxu Zhou & Xiaohu Jia & Guoqiang Xu & Junhan Jia & Rihan Hai & Chongsen Gao & Shuo Zhang, 2019. "The Relationship between Different Types of Alarm Sounds and Children’s Perceived Risk Based on Their Physiological Responses," IJERPH, MDPI, vol. 16(24), pages 1-17, December.
    9. Hamzeh Soltanali & Abbas Rohani & Mohammad Hossein Abbaspour-Fard & Aditya Parida & José Torres Farinha, 2020. "Development of a risk-based maintenance decision making approach for automotive production line," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 11(1), pages 236-251, February.
    10. Ilyas Mzougui & Zoubir El Felsoufi, 2021. "A modified method to improve failure analysis," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 12(2), pages 231-244, April.
    11. Martin Folch-Calvo & Francisco Brocal-Fernández & Cristina González-Gaya & Miguel A. Sebastián, 2020. "Analysis and Characterization of Risk Methodologies Applied to Industrial Parks," Sustainability, MDPI, vol. 12(18), pages 1-35, September.

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