USING 80/20 PRINCIPLE TO IMPROVE DECISION MAKING AT PFMEA
Annals of DAAAM & Proceedings . 2016, Vol. 27, p487-492. 6p. Turbulent market of today is forcing companies to respond on customer demands very fast, with right quality and acceptable price. Producing in quality is often hard and time-consuming job, with many risks. One of those risks can be defect (failure) appearance during the production process. One of quite often used analysis for this purpose is failure mode and effect analysis. This method is relatively accurate, but it is a very time-consuming method, and companies need to respond fast to customer demands with right quality. Another problem in this method is that all products and failures are ranked with the same value, which is an ideal case. However, more often case is that less percentage of products give most of the company profit. So, in this paper, the principle 80/20 (old Pareto principle) was used to help in decision making due to PFMEA realization.
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