Affiliations: EDF R&D, 78400 Chatou, France | GRID, ENSAM/ESTP/IAE de Paris, 94230 Cachan, France
Note: [] Address for correspondence: B. Munier, GRID, ENSAM/ ESTP/IAE de Paris, 30, Avenue Pdt Wilson, 94230 Cachan, France.
Abstract: This paper shows that current practices of industrial risk management need a substantial revision. It is argued that the too often praised integration of health, safety and environment with quality management is a historical misconception that has led to mistakes. The authors argue further that techniques derived from experiments in decision analysis provide a sound conceptual framework and lead to less costly and more efficient practices in managing risks.