Failure mode and effect analysis using MULTIMOORA method with continuous weighted entropy under interval-valued intuitionistic fuzzy environment

Failure mode and effect analysis (FMEA) is a prospective risk assessment tool used to identify, assess and eliminate potential failure modes in various industries to improve security and reliability. However, the conventional risk priority number (RPN) method has been widely criticized for the deficiencies in risk factor weights, calculation of RPN, evaluation of failure modes, etc. In this paper, we present a novel approach for FMEA based on interval-valued intuitionistic fuzzy sets (IVIFSs) and MULTIMOORA method to handle the uncertainty and vagueness from FMEA team members' subjective assessments and to get a more accurate ranking of failure modes identified in FMEA. In this proposed model, interval-valued intuitionistic fuzzy (IVIF) continuous weighted entropy is applied for risk factor weighting and the IVIF-MULTIMOORA method is used to determine the risk priority order of failure modes. Finally, an illustrative case is provided to demonstrate the effectiveness and practicality of the proposed FMEA and a comparison analysis with other relevant methods is conducted to show its merits.