The major incidents and catastrophes are often caused by the co-occurrence of several factors, independants or not, interacting with a particular status of the organisation.
The traditional tools of Risk Management, based on statistics, are limited because:
They handle some statistical distributions of passed losses and consequently have a limited power to predict the future
They do not allow to understand the causes as well as the way risks interact together producing non- linear effects
Ø They generally only estimate the risks impact on a single indicator and at the global level.
The Eurobios approach is relying on a detailled analysis of processes and draws its inspiration from agent-based simulation techniques, which enable taking into account:
The propagation of risks through the entire organisation
