PragmaRisk uses the DecisionTools Suite for Contingency Funds for Construction Projects

Determining and monitoring the contingency funds required for any construction project is a process that must account for many uncertainties. French risk management consultancy PragmaRisk turned to Palisade’s DecisionTools Suite to help it tackle this issue and ensure that it makes realistic recommendations to its clients. Using @RISK (part of the DecisionTools Suite), PragmaRisk performs […]

Mining Students at U of Witwatersrand Get Practical Financial Analysis Experience with @RISK

The University of Witwatersrand in South Africa is offering its mining engineering students some valuable practical guidance and financial analysis experience, to equip them with proficiencies and knowledge that will be required in their professional lives. Using Palisade’s risk analysis tool @RISK, the school is giving students training in and knowledge of Monte Carlo Simulation. Professor […]

Is it Best to Hedge Your Lettuce? @RISK and StatTools Help Answer the Question

Agriculture is traditionally one of the highest risk economic activities. In California, many produce farm operations use a rule-of-thumb to manage their seasonal finances–often aiming to contract 80% of their crop in advance to buyers at set prices, and leaving the remaining 20% to be sold at spot prices in the open market. The rationale […]

Gemeente Hoorn is mitigating urban planning risk using @RISK

Local government planners from Netherlands based Gemeente Horn (the City of Hoorn) are using Palisade’s @RISK to mitigate financial risk as a result of urban planning within the region. As the population of Amsterdam continues to grow, the City of Horn has become a viable proposition for those looking to live outside the bulging city.  This […]

@RISK Weighs Water’s True Cost

Many of us assume that water is cheap—it flows freely from the tap whenever we need it. However, the true cost of water is far from free. For many companies pursuing corporate water stewardship strategies, a common barrier to action is this perceived low cost of water. As water costs are often as low as […]

@RISK Helps Keep Pupfish from the Brink of Extinction

The Devils Hole pupfish (Cyprinodon diabolis) is one of the world’s most endangered animals. There is only one wild population living in a single aquifer-fed thermal pool in Nye County, Nevada, and has been perched on the brink of extinction at 35–68 fish in 2013. A major strategy for conserving the pupfish has been to […]

Costs of Australian Carbon Tax: @RISK Evaluates the Profitability of Dairy Systems

In Australia, a carbon tax is one of the key policy tools that the government plans to use to curtail greenhouse gas emissions in the private sector—however, there has been little research looking into the effects of a carbon tax on Australia dairy farm operations. Dr. Şeyda Özkan, who was working with the Department of […]

Counting Cars: @RISK Models Traffic Congestion

In their article titled “Estimation of Mixed Traffic Densities in Congested Roads Using Monte Carlo Analysis” in Air & Waste Management Association’s April 2015 EM Magazine, authors Brian Freeman, Bahram Gharabaghi, and Jesse Thé use @RISK to create a novel method to estimate the number and type of vehicles on a 1-km stretch congested roadway. […]

With Great Power Comes Great Responsibility: @RISK plays a part in finance analysis for SpiderMan 2 and other movie favorites

The next time you settle in at the Cineplex to watch the latest Hollywood blockbuster, you may have @RISK to thank in part for its production. Movies such as SpiderMan 2, The Interview, and 22 Jump Street have all benefited from @RISK’s quantitative risk analysis—thanks to Benjamin Waisbren. Waisbren, a partner at the law firm […]

Oil and Gas Companies Rely on @RISK to Evaluate Insurance Structure

In a volatile industry sector, many large oil and gas companies establish their own insurance subsidiary. These entities, called captive insurance companies, help manage the overall group risk. Due to the way in which they manage reserves, the captive can typically afford to retain higher risks than individual operating companies or business units. Alesco Risk […]