See new @RISK version 8 at the Palisade Risk Conference in San Antonio

Palisade developers give you an inside look! On November 12-13, be among the first to get a look at the exciting next release of @RISK – new version 8! Join us at the Palisade Risk Conference in San Antonio to see not only what’s new, but how you can take your decision-making to the next level. Each year, […]

@RISK used by National Grid UK in Electricity Network Restoration Planning

National Grid UK, the electricity transmission system owner for England and Wales and the system operator for all of Great Britain, uses @RISK’s probabilistic modeling techniques to measure network restoration performance in a variety of simulated failure scenarios. In other words, if the system, or part of it, somehow breaks down, the people at the […]

@RISK for Cost and Schedule Risk Using Risk Registers (with Example Model)

@RISK can be used in conjunction with MS Project and Excel to model the schedule and cost risks inherent in large, complex projects. This example demonstrates the use of @RISK to build a complete model of the construction of a new commercial venue. The model includes uncertainty in task times, a Risk Register for calculating […]

Squeezing the Risk Out of Reinsurance

A recent and very telling study by two actuarial experts makes clear the important perspective and depth that can be added to financial risk analysis by running Monte Carlo simulations with different probability functions for the same variable.   Writing about a hypothetical case in the reinsurance industry, Lina Chan and Domingo Joaquin sought to […]

Computational Power for Truly Long-Term Forecasts

Monte Carlo simulation is often referred to as a computational space hog.  But how much space a simulation hogs, of course, is a matter of how much data, how many variables, and the complexity of the statistical analysis.  Climate prediction is a wonderful case in point.  When it comes to predicting atmospheric events, the TV […]