Free Webcast tomorrow: Business Forecasting and Simulation

Business Forecasting and Simulation using @RISK & The DecisionTools Suite, Part 1 Glen Justis, Experience on Demand 10 July 2014, 11am EDT Register Now – free registration Business Forecasting and Simulation using @RISK & The DecisionTools Suite is a three-part series covering leading practices in the use of Monte Carlo-based models and simulations to improve …

Monte Carlo Simulation and Manufacturing featured in Quality Magazine

A recent article written by Palisade's vice president, Randy Heffernan, explores a variety of applications of Monte Carlo simulation in the manufacturing sector, such as: minimizing pilot programs, enterprise resource planning, supply chain continuity and potential financial losses. By utilizing simulation software such as @RISK, risk factors are revealed that would have otherwise taken stakeholders …

Kewpie Corporation and the University of Tokyo Employ @RISK to Ensure Safety of Eggs

Liquid eggs are used as an ingredient in many foods around the world. The risk of Listeria bacteria in eggs, which can lead to illness or even death, is a serious threat to a crucial food source. Kewpie Corporation, one of Japan’s largest food ingredient manufacturers and a major egg product producer, teamed up with …

Copenhagen Risk Conference covered in “Global Banking & Finance Review”

Global Banking & Finance Review covers the Palisade Copenhagen Risk Conference to be held on March 31st, 2014 at the Bella Sky Comwell Hotel.  Real-world case studies offering insight into managing risk and uncertainty will be presented by companies including 2L Consulting, Deloitte, The LEGO Group, Technical University of Denmark and Visual Reporting APS. There …

Schedules Announced for Risk Conferences in Copenhagen, Amsterdam, and Dubai

Presenters include Deloitte Risk Services, Royal HaskoningDHV, Lego Group, DSM, Saudi Aramco, Kuwait Petroleum In their ninth year, the Palisade Risk Conferences have become “must attend” events for quantitative risk and decision analysis professionals. The schedules are set for Copenhagen, Amsterdam, and Dubai. Each day promises a full slate of intensive software training by Palisade …

Super Bowl XLVIII Prop Bets and Monte Carlo Simulation

There are a number of applications for risk analysis software and Monte Carlo Simulation, and most offer insight into solving pretty serious situations like public health, workplace safety, budgets, etc. From time-to-time, we find utilizations are less “mission critical” and more “cool.” Such is the case with Dr. Wayne Winston’s use of Palisade’s @RISK. Winston …

Managing Risks in New Green Building Technologies

Green construction is on the rise, and for good reason. The move to conserve energy and shrink carbon footprints continues to permeate both consumer and commercial behavior. Because buildings represent a significant portion of global energy and water usage, making new construction more environmentally-friendly is a strategic area to address. However, as the expansion of …

@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 …

Tip: Interpreting the y axis in @RISK histograms

Q. In the histograms of my @RISK distributions and results, what do the numbers on the vertical axis mean? Can I make the scale more user friendly? A. The default scale is probability density. This is adjusted so that the areas (height × width) of all the bars add up to 1. You may prefer …

Palisade’s Tech Support Team

Palisade’s Tech Support Team addresses common questions in this blog. For support, current customers can write to support@palisade.com. Other online resources for Technical Support, include: Searchable KnowledgeBase http://helpdesk.palisade.com/kb/ User Forums http://forums.palisade.com/ Technical Support Videos http://www.palisade.com/support/videos/ Videos (including Technical Support, Experts’ Corner,    Example Models and User Manuals) http://www.palisade.com/videos/ Product Manuals http://www.palisade.com/support/manuals.asp In this blog, you’ll find …