Abstract
Each economic activity is accompanied with a risk influencing financial results of companies. Risk cannot be eliminated, but, with use of specially designed methods and tools, its size can be estimated and the actions aimed at its reduction can be undertaken. Risk management by systematic pursuing the policy that includes analysis, assessment and actions leading to a reduction of losses caused by the risk, is more and more often employed by production companies. Reduction of the risk negatively affecting financial results of companies is perceived as one of the possibilities to improve effectiveness and a chance to obtain the competitive advantage. In the paper, a concept of the reliability method of risk assessment is presented and verified on a practical example. The suggested method is composed of two stages. At the first stage, the risks of selected phases of the production process and production lines were determined by the FMEA method (Failure Mode and Effects Analysis). In the FMEA, the data from observations of the manufacturing process and the reports generated in the maintenance system were used. Application of FMEA made it possible to determine risks of selected elements of the entire manufacturing system. At the second stage, reliability structure of the production system was determined and, on that ground, the risk of non-performance of production orders for the entire plant was calculated.
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Burduk, A. (2022). Risk Assessment of a Production System with Series-Parallel Reliability Structure. In: Batako, A., Burduk, A., Karyono, K., Chen, X., Wyczółkowski, R. (eds) Advances in Manufacturing Processes, Intelligent Methods and Systems in Production Engineering. GCMM 2021. Lecture Notes in Networks and Systems, vol 335. Springer, Cham. https://doi.org/10.1007/978-3-030-90532-3_49
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