Using @RISK for a Drug Development Decision: a Classroom Example

At Illinois State University, Associate Professor of Finance Domingo Joaquin uses @RISK to demonstrate how simulation modeling can be employed to support the R&D decision of a pharmaceutical firm, illustrating countless risk evaluation examples to students. Dr. Joaquin uses the example of the fictitious company “Drugco”, which has just successfully completed Phase I and Phase […]

This Thursday: Free Live Webcast on Life Cycle Cost Analysis with @RISK

Join us on December 18th, 2014 at 11:00 AM EST. Anthony Sclafani, registered Professional Engineer (California), a Certified Energy Manager, and a Certified Energy Auditor, gives a live webcast that will examine life cycle cost analysis (LLCA) and how best to incorporate uncertainty into the method: Life Cycle Cost Analysis Using @RISK Sclafani writes, “The […]

Shipping Industry Relies on PrecisionTree, @RISK, to Manage Risks to Crew, Environment, and Property

DNV GL SE, an international organization for ship classification, safety and quality control, uses PrecisionTree and @RISK software (part of the DecisionTools Suite, Palisade’s complete toolkit of risk and decision analysis tools) to determine the risk of an incident occurring to a ship or its systems and the consequences should one occur. This enables cost-benefit […]

Palisade VP Gives Tips on Planning for Climate Change in IT Business Edge Magazine

IT Business Edge, on online business publication recently published a piece by Palisade Vice President Randy Heffernan titled “Using Monte Carlo Simulations for Disaster Preparedness,” a slideshow featuring key tips on how to apply this statistical method to planning for extreme weather events. As the article states, “the U.S. National Research Council recently suggested the […]

Free Live Webcast on Modeling for Natural Resources

Tune in December 11, 2014  at 11:00 AM EST Kurt Rinehart, consultant, and Francisco J. Zagmutt, managing partner, both at EpiX Analytics, present a demonstration in which they discuss several case studies from their client work where  they had to strike a balance between model realism and structural simplicity when doing models for mining and […]

@RISK Creates an 80% Cost-Savings for Nuclear Power Company

Building a new power plant in the U.S. is not for the risk-averse. The average cost of building one of these plants is historically 300% of the planned cost at the start of construction. Because of these prohibitive cost risks, as well as unfavorable public sentiment in reaction to the Three-Mile Island accident in 1979, […]

Don’t Forget the Unknown-Unknowns: Palisade Client’s Article Tackles Uncertainty

Palisade customer Andrew Rudin, of Contrary Domino Partners, was recently featured in Customer Think, a global online community of business leaders covering customer experience and social business. Rudin’s piece comes in three parts: “Revenue Uncertainty – Part 1: Known Unknowns, Unknown Unknowns, and Everything in Between,”  discusses the multi-faceted aspect of risk. “Revenue Uncertainty – […]