Southeast Louisiana is home to a large population of Vietnamese Americans who rely heavily on the shrimp caught in the Gulf for their livelihood and as a food source. When the Deepwater Horizon oil spill happened in in April 2010, Vietnamese shrimpers were particularly concerned. While the U.S. Food and Drug Administration (FDA) conducted risk […]
Category Archives: Case Studies
Hitting Missile Milestones with @RISK
Meeting schedule milestones in a timely manner is paramount in any industry, but particularly important in those working with the Department of Defense, where deliverables can be a matter of national safety, and where program delays can become very expensive. A major aerospace company was contracted by the Navy to build defensive missiles, and was […]
@RISK Crucial in Live Donor Kidney Transplant Study
A new study out of the University of Texas Southwestern Medical Center reveals important new information for those donating, and receiving, kidneys. Living donor kidney transplantation is the preferred treatment for advanced renal failure. Roughly 20-25% of living donors can have asymmetry between their kidneys’ size and efficiency in filtration abilities. With a 10% or […]
@RISK Helps Monitor Air Pollution in Kuwait
Like most countries across the globe, Kuwait faces air pollution issues. To combat these problems, the Kuwait Environment Public Authority (KEPA) works hard to identify and categorize sources that cause, or contribute significantly to air pollution. KEPA created the Kuwait Implementation Plan (KIP) and divided the country into Air Quality Control Zones based on monitored […]
Students Use Palisade Tool to Analyze Amazon and FedEx’s Financial Risk
Industry leaders Amazon and FedEx may want to take a look at Virginia Commonwealth University students’ projects–their reports reveal key driving risks that affect the companies’ bottom lines. Dr. Etti Baranoff, an Associate Professor of Insurance and Finance at Virginia Commonwealth University in Richmond uses @RISK in her business school class, ‘Managing Financial Risk’. In […]
Novelis Uses @RISK, PrecisionTree for High Risk R&D Project Valuation
Novelis, the world’s largest aluminum rolling and recycling company, had a clear dilemma: The company had little structure in their process in evaluating the risks associated with projects. According to Dave MacAdam, Senior Manager of Innovation Strategy at Novelis: “The process was perfunctory and overly reliant on input from the commercial side. While commercial input […]
Corralling Costs Down Under
Using Monte Carlo simulation in project planning has proven to save time and money, yet many organizations still rely on less effective methods to mitigate risk. Dr. Stephen Grey and his colleagues at Broadleaf Capital International in Cammeray, Australia, have spent decades helping steer clients towards sound methods of planning projects, from deciding where to […]
Building Renewable Energy Systems across Multiple Countries and Currencies: WEnergy Global uses @RISK for ROI
The globalization of business continues to expand, as many organizations find greater profit in offering services to customers that extend beyond the borders of the home office. However, with such expansion comes new risks to consider, based on any number of variables that may not synch up from country-to-country: political climate, variance in laws/regulations and, […]
Putting Pieces Together More Perfectly: @RISK Helps Improve Manufacturing Efficiency for Preformed Line Products
Preformed Line Products (PLP) is a worldwide designer, manufacturer and supplier in the overhead power lines industry for the Australian and Southeast Asia markets. A clear challenge the company often faces is the utilization of products manufactured by specialist manufacturers in both markets that use their own methods, standards and specifications. The end result is […]
NeuralTools Assists Airline to Determine the Most Profitable Price Points
How much is too much when it comes to plane ticket prices? This is a key question for commercial airlines, and one that Palisade helped answer. Fernando Hernandez, a Senior Risk Consultant and Trainer at Palisade, was tasked with developing a model for predicting demand and price elasticity for a domestic airline catering to the […]
