@RISK Used to Prepare Hospitals for Hurricane Strike

Due in part to the significant impact of hurricane season on the Gulf Coast of the U.S., Louisiana is considered a “wet lab” for emergency preparedness. As part of its annual preparations, the State creates and maintains plans that involve the full coastal evacuation of entire hospitals and nursing homes in Southeastern Louisiana, mostly via […]

Amway Improves Capacity Planning with @RISK and Palisade Custom Services

With $10 Billion in annual sales, 450 different products, 18 different plants and selling in more than 100 different countries, Amway‘s operations are vast and complex. Faced with a planned expansion that eventually added five new manufacturing sites, the Industrial Engineering team wanted to find a solution that required less time for data collection, thereby […]

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 […]

Custom Solutions within the Insurance Sector: Catastrophe and Large Loss Simulation Model

Insurance companies are now encouraged by regulation to perform assessment of their own risk exposure. Monte Carlo simulation, and particularly @RISK are extremely useful in performing assessments that can be used not only to satisfy regulators, but also to improve financial risk management within the company. Waszink Actuarial Advisory in collaboration with Palisade's Custom Development […]

Custom Solutions: Using @RISK for Oil Field Development Decisions

Oil companies need to assess new fields or prospects where very little hard data exists. Based on seismic data, analysts can estimate the probability distribution of the reserve size. With little actual data available, companies still must quantify and optimize the Net Present Value (NPV) of this asset. The number of wells to drill, the […]

Cost Risk Analysis Example Movie: Palisade’s Custom Development Team uses @RISK’s XDK for this custom application

Here is an example of a custom application written by Palisade Custom Development using @RISK's XDK in Excel. In this example, @RISK is used for cost risk analysis and estimation.  The application prompts the user for a three-point estimate for each cost item in the project as a way to recognize uncertainty in these cost […]

See how a customized Retirement Saving template assesses the performance of a portfolio in future years

Here is an example of a custom application written by Palisade Custom Development using @RISK's XDK in Excel. In this example, @RISK is used to analyze the investment of funds for retirement planning.  The application prompts the user for profile characteristics of the client and portfolio parameters.  Once the information is entered, the application runs […]

How to Create a Custom Application for Stock Portfolio Optimization, Right in Your Spreadsheet

This is an example of the use of @RISK automation applied to stock portfolio optimization. It is a custom application written by Palisade Custom Development using @RISK’s XDK in Excel.  The steps outlined in the Stock Portfolio Optimization example movie: Obtain Price & Weight Data The user will first define a portolfio of stocks.    […]