Major Corporations Lack Risk Management Strategies

Even the largest and most successful businesses have something to learn when it comes to managing risk. “Companies are working harder to identify potential risks to their business, but many still fail to incorporate those risks into strategic plans or inform the board of directors,” writes Wall Street Journal senior editor Emily Chasan. In her article …

Hold the Fish ‘n Chips–Risk Analysis in UK Study Focuses on Food Poisoning

There are more than 500,000 cases of food poisoning each year in the UK, according to a recent article in Food Quality News that discusses findings from a report from the UK Food Standards Agency (FSA). This study used Monte Carlo simulation and a Bayesian approach to model and estimate the burden of foodborne disease …

Palisade’s Impact on Helicopter Company Featured in Widespread Press

Palisade continues to garner broad media attention, this time due to the use of our software by a major helicopter manufacturer looking to better analyze risk when introducing new products. AgustaWestland, the European helicopter manufacturer, turned to @RISK to determine the financial feasibility of developing any new product, as detailed in our recent case study and blog. …

@RISK Gets International Press for Helpful Hedge Fund Risk Analysis Model

At Palisade, we're proud of our global reputation, and a recent international publication just confirmed our software's worldwide appeal. Analytics India Magazine (AIM), an Indian business publication, featured "@RISK Optimizes Risk In Hedge Funds"  which describes details from Palisades previous case study on optimizing hedge fund portfolios. The article quotes Seth Berlin, Principal Strategist at Performance Thinking & …

Troubling Levels of Arsenic in Rice Spurs FDA to Conduct Risk Assessment

Should you think twice before ordering that fried rice? A recent analysis of Food and Drug Administration (FDA) data says that you might want to. A recent article in Oryza detailed how a private non-profit organization looked at data from more than 1,300 samples of white rice from the FDA, and found that the grain …

Risk Management Monitor Features Palisade’s World Cup Prediction Model

Palisade's detailed simulation of the 2014 World Cup garnered attention from the Wall Street Journal, and is now featured in the Risk Management Monitor. In the article, Palisade Vice President Randy Heffernan describes the model developed by Palisade trainer and consultant Fernando Hernández as follows: "By running 50,000 iterations in a Monte Carlo simulation and …

Palisade Gives Wall Street Journal an Open Shot on World Cup 2014 Predictions

The Wall Street Journal has featured Palisade's World Cup 2014 simulation model in their article, "The Journal's Prediction". Reporter Matthew Futterman consulted Palisade's Fernando Hernández on his "brilliantly logical prediction model" that picks who would win–with home-field advantage, and without. As Futterman put it, "Some 50,000 iterations later, the team with the highest probability to …

U.S. Nuclear Power Plants in Need of Risk Analysis

After 2011 the earthquake and resulting tsunami  that caused a triple meltdown at the Fukushima Daiichi reactors in Japan, other nations have been anxious to assess the risk of nuclear plants on their soil. In the U.S., the Nuclear Regulatory Commission announced the need for a risk re-evaluation of several nuclear power plant sites in …

Helicopter Rescue Missions Need Better Risk Analysis, Says Australian Goverment

Risk management is advisable in any industry, but it is absolutely crucial in sectors where human lives are on the line—such as helicopter rescues. Helicopter emergency operations are inherently dangerous, but are often the only option in remote or hard-to-access environments. Operations can involve  ‘winch rescues’, in which a paramedic travels with the patient, wrapping …

Top 10 Global Risks in 2014: Economy and Environment Problems Loom Large

While every company and industry considers risks they will likely face in 2014, Palisade also keeps an eye on global risks. The 2014 Global Risks Report, published by the World Economic Forum, provides timely insight to concerns all firms should be considering. Taking a 10-year outlook, the report assesses 31 global risks that have the …