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Decision-making for risk evaluation: integration of prospect theory with failure modes and effects analysis (FMEA)

Sagnak, M.; Kazancoglu, Y.; Ozkan-Ozen, Y.D.; Garza Reyes, J.A.

Purpose The aim of the present study is to overcome some of the limitations of the FMEA method by presenting a theoretical base for considering risk evaluation into its assessment methodology and proposing an approach for ...