- Risk modelling and simulation in the manufacturing industry

Clients

Customer quotes

SCA Packaging - Richard Sharp, Factory Director: Thanks to the Eurobios product we saved 175 000 Pounds at the end of the first month.

Unilever - With the Eurobios Factory optimiser we get a powerful tool for assessing the impact of multiple risks and visualizing risk propagation through the processes.

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Risk modelling and simulation in the manufacturing industry

Area: Manufacturing Industry

Domain: Risk Management

Tool: Agent based modelling

Problem: How many risks can prevent a company from achieve its objectives? How does risk propagate through the business process? How can the non-linear effects of combinations of risks be taken into account?

Solution: A Monte-Carlo based simulation tool, based on a customer defined business model, which includes risks, performance indicator variations for each major process, and objective achievement level.

Results: A powerful tool for assessing the impact of multiple risks and visualizing risk propagation through the processes.