An intelligent risk management model for achieving smart manufacturing on internet of things

Joseph S.M. Yuen, K. L. Choy, H. Y. Lam, Y. P. Tsang

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

1 Citation (Scopus)

Abstract

To adapt to the ever-changing environment, Internet of Things (IoT) has emerged for supporting manufacturing plants to better manage the quality of products. Since the application of IoT is relatively new to the manufacturing industry, increasing attention has been paid on how to manage the planning and implementation process so as to achieve smart manufacturing. However, IoT applications in each manufacturing plant are varied due to different specifications, such as the product types, product nature, plant layout, production flow, machine and equipment settings. Hence, it is essential to perform risk analysis to ensure that any possible situation and uncertainty is being considered before the implementation process. Risk management plays an important role since disruption can cause significant financial and reputational loss, especially for electronics products, which are environmental-sensitive. In this study, an electronic manufacturing risk management model (EM-RMM) is designed to assess the risk faced by manufacturing plants for IoT applications. By identifying the risks faced by manufacturing plants for IoT applications, the likelihood and consequences of the risks are analyzed by using fuzzy analytical hierarchy process (FAHP) to calculate the weighting of the risks. Through a case study in a plant which manufactures environmental-sensitive electronics products, the results provide a systematic procedure for risk assessment in IoT implementation, with the aim of achieving smart manufacturing.

Original languageEnglish
Title of host publicationPICMET 2019 - Portland International Conference on Management of Engineering and Technology
Subtitle of host publicationTechnology Management in the World of Intelligent Systems, Proceedings
EditorsDundar F. Kocaoglu, Timothy R. Anderson, Dilek Cetindamar Kozanoglu, Kiyoshi Niwa, Harm-Jan Steenhuis
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781890843403
DOIs
Publication statusPublished - Aug 2019
Event2019 Portland International Conference on Management of Engineering and Technology, PICMET 2019 - Portland, United States
Duration: 25 Aug 201929 Aug 2019

Publication series

NamePICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings

Conference

Conference2019 Portland International Conference on Management of Engineering and Technology, PICMET 2019
Country/TerritoryUnited States
CityPortland
Period25/08/1929/08/19

ASJC Scopus subject areas

  • Artificial Intelligence
  • Engineering (miscellaneous)
  • Computer Networks and Communications
  • Management Science and Operations Research
  • Management of Technology and Innovation
  • Organizational Behavior and Human Resource Management

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