Multi-Criteria Decision-Making Tool for the Safety of Bangladeshi Industries Using Fuzzy Logic

The paper focuses on the application of fuzzy logic as a Multi-Criteria Decision Making (MCDM) method to develop an idea of a managerial tool that can predict accidents in different industries. Accidents in industries are not directly dependent on the amount of expenses in different relevant sectors. Fuzzy logic enables us to quantify the opinion of experts with many years of experience and combine those quantified opinions with other parameter affecting the occurrence of accidents in industries which in this case are the amount of expenses in different relevant sectors. This combined assessment generates a relationship between the occurrence of accidents and the amount of expenses in different relevant sectors. The tool will help management to mitigate accidents which is more preferable than reacting to accidents.