TITLE:
Risk Analysis of Laundry Equipment Development Project with Interpretative Structural Modeling
AUTHORS:
Chengpeng Zhong, Haoheng Ye, Leqi Xie
KEYWORDS:
Laundry Equipment Development Project, Risk Management, Key Risk Factors, Interpretative Structural Modeling, Causal Relationship, Deep Logic
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.6 No.2,
February
26,
2018
ABSTRACT: This paper uses the method of expert voting to determine the top ten key risk factors, and then uses the interpretative structure model to find out the deep logic between the top ten risks. Ten key risk factors are attributable to five aspects of the project of washing equipment development: organization, initiative, planning, executing and controlling that more intuitively show the level of the relationship between the factors, which provides a theoretical foundation for risk management and risk response of washing equipment development project, to reduce the risk and failure.