Development of a novel integrated value engineering and risk assessment (VENRA) framework for shipyard performance measurement: a case study for an Indonesian shipyard

Shipyard industries affect the performance of manufactured ships. A designed ship needs well-performed shipbuilders to construct the ship following quality, timeline, budget, and environmental impact of future challenges. Shipyard performance measurement, including shipbuilding, ship repair, and ship conversion, will remain important as it is a powerful tool for strategic enhancement. This study proposes a conceptual and transdisciplinary framework for shipyard performance measurement through integrated Value Engineering and Risk Assessment (VENRA). The framework comprises five criteria groups: Technical, Business, External, Personnel Safety, and Environment, assessed by integrated fuzzy DEcision-MAking Trial and Evaluation Laboratory (DEMATEL) and Weighted Evaluation Technique (WET) methods and applied to an Indonesian shipyard. ‘Shipyard’s manufacturing facility’ and ‘Manufacturing/building strategy’ are the most critical factors, while ‘Personnel’ and ‘Technology Level’ significantly influence other criteria. The framework can determine the shipyard’s lowest score within the prioritised criteria and sub-criteria to evaluate the cause–effect link and prioritise steps to improve performance.