@RISK Tip: Saving Simulations

@RISK risk analyis software gives you multiple options for saving Monte Carlo simulations you have run and comparing them with other simulations. These include: Storing simulations in your Excel workbook Saving simulations as a separate .RSK5 file outside the workbook Using the @RISK Library for storing and comparing different simulations. When you want to store […]

With Earthquake Aftershocks, the Risk is Great – But May Be Easier to Predict

Today a moderately powerful earthquake rattled Washington, D.C. and was felt as far north as Massachusetts. Sitting here, feeling the earthquake shake my desk and water glass in central New York State, hundreds of miles from the epicenter, I was reminded that we are never far from the risk of natural disaster. The Washington Post’s […]

Neural Networks Optimize Police Force Efficiency

In the August 16, 2011 edition of the New York Times there was an interesting article about the use of predictive analytics by police departments. Entitled “Sending the Police Before There’s a Crime,” the article explores how the Santa Cruz, California police department optimizes the use of limited resources by anticipating where crimes are more […]

Det Norske Veritas (DNV) uses @RISK to Model ROI on Energy Systems Investments

Global risk management consulting company DNV specializes in helping companies in the energy, maritime, healthcare and other industries identify, assess, and manage risks of all kinds. DNV uses probabilistic modeling with @RISK to illustrate factors affecting the return on investment of energy systems. @RISK is used for a range of applications, including wind and solar […]

Free Webcast this Thursday: “Use of Simulation Models in Pricing Health Insurance and Reinsurance Risk”

Join us on Thursday, August 25, 2011, for a free live webcast delivered by Tim Robinson and David Wilson, entitled "Use of Simulation Models in Pricing Health Insurance and Reinsurance Risk." While healthcare claim costs are fairly predictable for large populations, existing pricing models often prove inadequate for that portion of the risk that is […]

@RISK Tip: Using @RISK with PrecisionTree in the DecisionTools Suite

@RISK is available with companion product PrecisionTree in the DecisionTools Suite. PrecisionTree creates decision trees in Excel to allow you to map and understand the complex decision problems. @RISK functions are recognized by PrecisionTree, and the two may be launched from a common Excel toolbar. @RISK allows you to:   quantify the uncertainty that exists […]

Using the DecisionTools Suite for a Biofuel Plant Analysis

Presented by Scott Mongeau of Biomatica at the Palisade Risk Conference in Amsterdam, March 29, 2011 An energy development ‘risk / reward parity’ level is growing between new petroleum exploration and sustainable energy initiatives. This case uses a biofuel plant case study as an example of how a profitable business case can be made for […]

Lessons from Local Oil Industry in Cash Flow, Recoverable Volume, Production Curve, and more

Most of Professor Luciano Arantes Rezende Costa’s students at the Brazilian Petroleum Institute work in the local oil industry. So, when he teaches his 20-hour course on evaluation of petroleum exploration opportunities, he has to provide hands-on lessons his students can immediately apply in their own careers. That’s where Palisade’s @RISK software comes into play. […]

@RISK Featured in Reinsurance Application in the Journal Insurance Markets and Companies

A recent issue of the journal Insurance Markets and Companies: Analyses and Actuarial Computations featured the paper “Using Simulation to Support the Reinsurance Decision of a Medical Stop-Loss Provider.” The article, by Lina S. Chan of CP Risk Solutions and Dr. Domingo Joaquin of Illinois State University, uses @RISK to illustrate how Monte Carlo simulation […]