What Should You Get From a Simulation? Part 1

I read an interesting article on the causes of the Global Financial Crisis by John B. Taylor. Although the topic is interesting enough already, especially for a member of a risk analysis-specialising company, something else caught my eye. I have observed in training workshops, onsite consulting and now academic papers a phenomenon regarding probabilistic modelling. […]

New business planning – measuring feasibility

The latest Business in Britain survey from Lloyds TSB Commercial shows that the UK’s commercial enterprises are regaining confidence.  The six monthly report charts the performance of 1,732 UK companies and their views on prospects for the coming year. Its most recent business confidence shows that expectations for both sales and orders have started to […]

Free Webcast This Thursday: “Cost-Effectiveness Analysis of Patient Care using The DecisionTools Suite”

On Thursday, February 18, 2010, Prakash Shrivastava will present a free live webcast entitled. "Cost-Effectiveness Analysis of Patient Care using The DecisionTools Suite" Cost-effectiveness analysis is often used to evaluate effectiveness of medical interventions and is one of the main topics in healthcare research. This analysis requires data evaluation, including building and testing decision analysis […]

Opportunity Costs of Risk Analysis

Merck’s Art Misyan, currently Director, Financial Evaluation and Analysis at the company and a longtime practitioner of risk analysis and decision evaluation, has offered some cogent comment in response to my blog about the calculating the opportunity costs of risk analysis in making decisions under uncertainty:   "In the Vail Daily News comment, they refer […]

March 2010 – Worldwide Training Schedule

Palisade Training services show you how to apply @RISK and the DecisionTools Suite to real-life problems, maximizing your software investment. All seminars include free step-by-step books and multimedia training CDs that include dozens of example models. North America March 1-2, 2010, Houston, TXMonte Carlo Simulation for the Oil and Gas Industry using @RISK 3-4 March […]

The State of Six Sigma and Process Improvement

Two weeks ago, I attended IQPC’s (International Quality & Productivity Center) Lean Six Sigma and Process Improvement Summit in Orlando, Florida. During the past 4 years, I have watched the conference, the attendees, and their projects evolve. The IQPC did an excellent job keeping the quality of the conference at an A+ level despite wrangling […]