Examination of Risk Factors in the Healthcare Product Development Process by using Fuzzy based MCDM Method
R.K.A.Bhalaji1, S. Bathrinath2, S. Saravanasankar3
1R.K.A.Bhalaji, Department of Mechancical Engineering, Kalasalingam Academy of Research and Education College, Krishnankoil (Tamil Nadu), India.
2S.Bathrinath, Department of Mechancical Engineering, Kalasalingam Academy of Research and Education College, Krishnankoil (Tamil Nadu), India.
3S.Saravanasankar, Department of Mechancical Engineering, Kalasalingam Academy of Research and Education College, Krishnankoil (Tamil Nadu), India.
Manuscript received on 29 November 2019 | Revised Manuscript received on 18 December 2019 | Manuscript Published on 31 December 2019 | PP: 301-306 | Volume-8 Issue-4S2 December 2019 | Retrieval Number: D10681292S219/2019©BEIESP | DOI: 10.35940/ijrte.D1068.1284S219
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Healthcare product development (HCPD) process is generally long and time taking process because of complex manufacturing systems. These intricacy systems, the amount of risks involved in product development is also high. It is very much essential in controlling/minimizing risk in this process. The aim of this paper is to investigate risks in an herbal soap manufacturing company under HCPD to suggest a ranked risk structure (RRS) portrayal for obtaining the subjective risk assessment to change the magnitude of risks. For transforming the linguistic data into numeric risk ratings, a fuzzy based MCDM technique is used in this paper and also computing the ‘Level of risk’ regarding crisp ratings, a method of ‘Incentre of Centroids’ for GTrFN has been used. Lastly, a structure to sort dissimilar risk factors was suggested based on the notable extent of risk ratings (crisp). Subsequently, an action strategy was proposed to provide instructions to company managers to effectively control risks. A case study tactic is employed.
Keywords: HCPD Process, Risk Assessment, RRS.
Scope of the Article: Manufacturing Processes