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A soft computing methodology to analyze sustainable risks in surgical cotton manufacturing companies

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Abstract

A well-organized sustainable risk management in an organization often generates environmental and economic advantages. Addressing “sustainability and risk” simultaneously, an organization is more capable of enduring challenges that produce environmental and operational stability in management. In an industrial organization, these primary areas of concern involve social responsibility and a focus on occupants’ health and well-being; both areas address environmental and climate change, with an end result of increasing competitiveness and profitability. The key challenge lies in exploring sustainable risks associated with the industry so that they are addressed strategically. This research work is one such attempt to find sustainable risks in the manufacturing sector. This research is the outcome of a case study conducted in three leading surgical cotton manufacturing companies in the southern part of India. A hybrid multi criteria decision making based fuzzy decision making trial and evaluation laboratory and analytic network process with preference ranking organization method for enrichment evaluations (FDANP with PROMETHEE) methodologies is used to derive the results. The final outcome of this paper presents the identified critical sustainable risks from the case study, and also serves as a model for risk managers in manufacturing sectors. By identifying sustainable risks at an early stage, a company may avert the occurrence of undesirable incidents while, at the same time, may enhance their production capacity.

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Authors and Affiliations

  1. Department of Mechanical Engineering, Kalasalingam Academy of Research and Education, Krishnankoil, 626126, India

    R K A Bhalaji, S Bathrinath & S Saravanasankar

  2. Faculty of Manufacturing and Mechatronics Engineering, Universiti Malaysia Pahang, 26600, Pekan, Pahang, Malaysia

    S G Ponnambalam

Authors
  1. R K A Bhalaji
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  2. S Bathrinath
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  3. S G Ponnambalam
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  4. S Saravanasankar
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Corresponding author

Correspondence to S Bathrinath.

Appendices

Appendix A

See Tables 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, and 13.

Appendix B: Questionnaire

A questionnaire for the survey is provided to the industrial domain specialists to evaluate sustainable risk factors in the three surgical cotton manufacturing companies. The gathered data will be used for research purposes only. The replies from you will be kept confidential; it will not be shared on social media or with any third party. Your input is very much important and will assist in bringing about an optimistic outcome in this research. My heartfelt thanks to you for your time and effort on giving the rating.

Please tick [ ] any one rating that you feel suitable for each item. (Refer to Table 14)

Risk Factors

F1

F2

F3

Social Factors (F1)

   

Economical Factors (F2)

   

Environmental Factors (F3)

   
Table 14 Fuzzy semantic scale used in this research.
Full size table

Please tick [ ] any one rating that you feel suitable for each item. (Refer to Table 14)

Sub-Factors

SF1

SF2

SF3

SF4

SF5

SF6

SF7

SF8

SF9

SF10

SF11

SF12

SF13

SF14

SF15

SF16

SF17

SF18

SF19

SF20

SF21

SF1

                     

SF2

                     

SF3

                     

SF4

                     

SF5

                     

SF6

                     

SF7

                     

SF8

                     

SF9

                     

SF10

                     

SF11

                     

SF12

                     

SF13

                     

SF14

                     

SF15

                     

SF16

                     

SF17

                     

SF18

                     

SF19

                     

SF20

                     

SF21

                     

Profile of the expert:

  1. 1.

    Name: ……………………………………..

  2. 2.

    Experience in surgical cotton manufacturing company (in years): ………..

  3. 3.

    Name of organization: ………………………..

  4. 4.

    Current position in organization:

  5. 5.

    Mobile no & Email: …………………………..

Thank you very much for your time and effort in filling this questionnaire.

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Bhalaji, R.K.A., Bathrinath, S., Ponnambalam, S.G. et al. A soft computing methodology to analyze sustainable risks in surgical cotton manufacturing companies. Sādhanā 45, 68 (2020). https://doi.org/10.1007/s12046-020-1306-7

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  • DOI: https://doi.org/10.1007/s12046-020-1306-7

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