Abstract
Purpose: The article aims at identifying and reducing risks at the stages of the product lifecycle and solving problems of eliminating detected nonconformities.
Design/methodology/approach: Indicators that determine the reliability and quality of the product functioning were evaluated in order to assess risks at the stages of product lifecycle. Process performances at various stages of the cycle can be determined by such methods as: statistical, expert, logical analysis, failure modes and effects analysis (FMEA) and etc.
Performance evaluation process was carried out using the following methods: formalization, analysis, abstraction, measurement, experiments, and comparison.
Findings: Product lifecycle risk assessment was performed using methods of fault tree analysis and failure modes and effects analysis, which allow to identify risks at different stages of the product distribution process. Evaluation method for industrial products based on statistical tools is proposed. The method clearly shows that errors made at the initial stage of the product lifecycle and manifested at the stage of product operation lead to significant losses.
Conclusions/recommendations: The research results can be applied in practice in order to improve the quality of processes at all stages of the product lifecycle and to reduce risks in the production and operation of different-purpose products.
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Gissin, V.I., Surzhikov, M.A., Serbulova, N.M. (2021). Product Lifecycle Risk Management. In: Popkova, E.G., Sergi, B.S. (eds) Modern Global Economic System: Evolutional Development vs. Revolutionary Leap. ISC 2019. Lecture Notes in Networks and Systems, vol 198. Springer, Cham. https://doi.org/10.1007/978-3-030-69415-9_182
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DOI: https://doi.org/10.1007/978-3-030-69415-9_182
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