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International Journal of New Developments in Engineering and Society, 2024, 8(5); doi: 10.25236/IJNDES.2024.080512.

Risk Assessment Model and Empirical Study of in Vitro Diagnostic Reagent Project Based on Analytic Hierarchy Process

Author(s)

Fengyi Zhao

Corresponding Author:
Fengyi Zhao
Affiliation(s)

Business Operation, Intercontinental Exchange, Atlanta, Georgia, 30328, United States

Abstract

During the development of in vitro diagnostic reagent project, resource management and risk assessment are key factors to ensure the project success. Especially in the multi-project parallel environment, how to allocate limited resources efficiently and evaluate and control risks reasonably is directly related to the progress and quality of the project. This paper proposes a novel risk assessment model based on analytic Hierarchy Process (AHP) to address this challenge. Firstly, through the comprehensive identification and analysis of the risk factors of in vitro diagnostic reagent project, combined with domestic and foreign related research, a multi-level risk assessment model is constructed. The model divides the risk factors into several levels, and determines the weight of each level through the expert scoring method, so as to realize the priority ranking of different risks. In the empirical study, this study applied the model to the actual in vitro diagnostic reagent project to verify the effectiveness and applicability of the model. The results show that the model based on analytic hierarchy process can significantly improve the accuracy of risk identification, optimize the allocation of resources, reduce the overall risk of the project, and shorten the development cycle. The research in this paper not only provides a systematic risk assessment method, but also provides a feasible solution for enterprises to optimize resource management under multi-project environment, which has important practical value and reference significance.

Keywords

In Vitro Diagnostic Reagents, Risk Assessment, Analytic Hierarchy Process, Multi-project Management, Resource Optimization

Cite This Paper

Fengyi Zhao. Risk Assessment Model and Empirical Study of in Vitro Diagnostic Reagent Project Based on Analytic Hierarchy Process. International Journal of New Developments in Engineering and Society (2024) Vol.8, Issue 5: 76-82. https://doi.org/10.25236/IJNDES.2024.080512.

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