Free Minicourse in Renewable Energy Modeling using @RISK, with example models

How do we insure a reliable energy supply when using renewable energy sources? Solar power is inherently unreliable, fluctuating with time of day and degree of cloudiness. Wind power is a victim of air flow patterns. To prevent blackouts, renewable energy sources need to be backed up with conventional power sources. In effect, they require […]

Lessons from Oil and Chemical Case Studies: How to Build Accurate and Decision-Focused @RISK Models

Huybert Groenendaal, a managing partner at EpiX Analytics, discusses how to build accurate and effective @RISK models to help make strong decisions. He talks about what type distribution to choose, whether to include correlations, and how to present results in a way that supports decisions–all of which are incredibly powerful skills to have, especially paired […]

VIDEO: Introduction to the DecisionTools Suite

Do you use @RISK but haven’t explored the other Palisade Tools? It’s time you branched out to explore the DecisionTools Suite, which, in addition to @RISK for Monte Carlo simulation,  includes PrecisionTree for decision trees, and TopRank for “what if” sensitivity analysis. In addition, the DecisionTools Suite comes with StatTools for statistical analysis and forecasting, […]

VIDEO: Cost Estimation and Risk Registers using @RISK

Palisade expert trainer Rafael Hartke discusses how to use @RISK  for cost estimation–more specifically,  how to transform your deterministic models into probabilistic ones.  This recorded webcast shows you how to add uncertainty as well as a risk register to your model.     About the trainer: Rafael Hartke is an Oil and Energy Industry Consultant at […]

VIDEO: Using VBA for Excel and the XDK to Improve the @RISK Experience

This recorded webcast, led by Palisade expert trainer Rishi Prabhakar, explores the use of VBA (the programming language for Excel) to control @RISK functionality to simplify the process of risk analysis for resource-strapped businesses. Rishi  explains the advantages (and limitations) of macro control for modeling and running simulations.  Check out the full webcast below!   […]

VIDEO: Handy Tips using @RISK

In this webcast, Palisade trainer Rishi Prabhakar explores tips for using @RISK  that will benefit the beginner and experienced user alike. There are many features of @RISK that can make your modeling life much simpler, if you only knew they were there! Rishi covers topics such as overlaying distribution graphs for comparison, changing default setting […]

VIDEO: Using @RISK in Evaluating Full (late stage) Compound Development in the Pharmaceutical Industry

This free webcast video, presented by Palisade client Venkat Raman, Managing Principal of VR Advisors, discusses the financial evaluation of late-stage development of compounds in the pharmaceutical industry. However, the rationale, methodology, and analysis discussed here have universal applicability to any multi-stage product development activities across industries. In this webcast, we: Present the case – […]

VIDEO: Applied and Efficient Modeling in Natural Resources: Case Studies of Mining and Oil and Gas

Commercial interests in natural resources present particular challenges to the modeler, such as price volatility, weather-dependent demand cycles, changing regulations, technological developments, and many other factors. The complexity of modeling these challenges can be daunting, and in fact, undue attention to getting the model “right” can overwhelm the usefulness of the final product. Good model […]

This Thursday: Free Live Webcast on Life Cycle Cost Analysis with @RISK

Join us on December 18th, 2014 at 11:00 AM EST. Anthony Sclafani, registered Professional Engineer (California), a Certified Energy Manager, and a Certified Energy Auditor, gives a live webcast that will examine life cycle cost analysis (LLCA) and how best to incorporate uncertainty into the method: Life Cycle Cost Analysis Using @RISK Sclafani writes, “The […]

Free Live Webcast on Modeling for Natural Resources

Tune in December 11, 2014  at 11:00 AM EST Kurt Rinehart, consultant, and Francisco J. Zagmutt, managing partner, both at EpiX Analytics, present a demonstration in which they discuss several case studies from their client work where  they had to strike a balance between model realism and structural simplicity when doing models for mining and […]