@RISK Helps Manufacturing Company Manage Risks

Hungarian Risk Management Company SzigmaSzervíz Ltd uses The Szigma IntegRisk® method, which incorporates Microsoft Project® 2013 and @RISK to help their client, a manufacturing company,ensure the highest level of income / profit by assessing and tackling different risks that occur during maintenance work. The Szigma IntegRisk® method is an integrated risk assessment, treatment and monitoring […]

Floods in the Forecast? Australia Plans for Climate Change

Climate change will have drastic affects felt around the globe, and has already made its mark in many areas–in Australia, the estimated gross domestic product was reduced by 0.5 per cent due to the Queensland floods of 2010–11, and the Victorian bushfires of 2009 (commonly referred to as ‘Black Saturday’) cost more than $4 billion […]

Want a More Perfect Portfolio? Time to Look at Life Insurance

Chances are, your financial portfolio does not include life insurance products.  Robert Danielsen, CEO of Cynametrix, a financial analytics consulting firm based in Minnesota, thinks this should change. He explains that life insurance, or Insured Death Benefit (IDB) is a useful class for optimizing portfolios because its rate of return is driven primarily by when […]

Making Medicine Count: The DecisionTools Suite Bolsters Efficacy of Humanitarian Programs

Getting life-saving drugs to under-served people in developing countries is a driving goal for many non-profit organizations. However, well-intentioned efforts like these can fall short of their desired impact due to poor understanding of market uncertainty and risks associated with pharmaceutical manufacturing. Linskbridge, SPC, a consulting firm that advises international development organizations in determining what […]

Want To Launch A New Drug? @RISK Can Help

For biotechnology or pharmaceutical firms, development presents a significantly risky prospect. Development times are usually prolonged by step-wise clinical trials, and there is only  a 20% chance that a new drug beginning clinical trials will ever reach the market. Nevertheless, the potential return can reach billions of dollars. For startup companies, it is crucial that […]

Staying Fit, Saving Energy: @RISK, RISKOptimizer, Helps World’s Biggest Gym Save on Electricity

Fitness First has over 1.2 million members, making it is the largest gym, health and fitness club group in the world—it also has a hefty electricity bill that needs managing. They turned to Knowledge Global, an Australian company that specializes in advising clients on reducing energy use costs. Knowledge Global has been delivering verifiable and […]

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 […]

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 […]

@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, […]

US Army Uses @RISK to Address Schedule and Cost Risk in Acquisitions

The US Army Materiel Systems Analysis Activity, known as AMSAA, conducts critical analyses to equip and sustain weapons and materiel for soldiers in the field and future forces. The Army is charged with determining the best possible choice among several acquisition options, taking care to examine alternatives in tradespace, sensitivity, and cost and schedule risk […]