MRAG AP Quantifies Illegal Fishing in the Pacific Islands with Palisade’s @RISK

MRAG Asia Pacific (MRAG AP) is an independent fisheries and aquatic resource consulting company based in Brisbane, Australia. An international leader in the field of aquatic resource consulting, the company is dedicated to promoting sustainable use of natural resources through sound integrated management policies and practices. MRAG AP used Palisade‚Äôs @RISK software to estimate the […]

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 […]

Will Aviation Biofuels Fly? @RISK Helps Assess Two Different Government Policies

Developing biofuels for aircraft is a risky endeavor, as transforming plant material into liquid fuel is still very expensive compared to the price of fossil fuels. Dr. Wallace Tyner and his colleagues at Purdue University used @RISK to conduct a cost-benefit analysis of building an aviation biofuel plant, and to determine the potential impacts of […]

Assessing the Sun: A Scenario Analysis Weaves Solar Power with Hydroelectric in South America

As many experts have discussed, the road to sustainable energy must be paved with multiple different types of renewable resources. Elio Cuneo,an electrical engineer and Chair of Energy Management and Administration at the Universidad Santa Maria in Venezuela, tackled this conundrum in his white paper, titled: "Water and sun, certainty and volatility: Ideal Pairing for […]

Modeling Today and Tomorrow’s Risk: One Insurance Company’s Strategy

In a recent white paper from Government Entities Mutual, (GEM) Inc., which writes Liability, Workers’ Compensation, and Property reinsurance coverage, underwriting manager Joel Kress posed the question, “how risky are we?”    To answer this question, Kress and his team decided to simply model the most detrimental and most quantifiable risks: Underwriting Risk and Reserve […]

Money-saving Meds: Researchers Use Pharmaceutical Risk Assessment to Determine New Drug’s Cost-Cutting Benefits

In the April issue of the International Journal of Nephrology and Renovascular Disease, researchers from  the DaVita Clinical Research in Minneapolis, MN used Palisade's @RISK software to develop a cost-offset model that cuts costs for end-stage renal disease treatment using an innovative pharmacological treatment.   Currently, about 400,000 end-stage renal disease (ESRD) patients in the US […]

@RISK Utilized in Spelman College Grant Research Project on Health Care Costs of Former Inmates

According to Dr. Marionette Holmes, assistant professor at Spelman College, the homeless and previously-incarcerated population represents one of the most vulnerable demographics in the United States in terms of health care, and the cost for caring for these individuals can be staggering. For example, the monthly cost to care for those who are triply diagnosed […]

Unsafe Seafood? Monte Carlo Analysis Finds Increased Cancer Risk Due to Arsenic-heavy Seafood

While finding risk analysis solutions is important for companies and businesses, it is paramount when it comes environmental and human health. Simulations that help evaluate risk are crucial in helping scientists understand, and try to mitigate some of the threats living organisms face. Take, for example, a new study to be published in August 2013 […]

Research at Curtain University of Technology Explores Tools for Teaching Probability and Risk

Textbooks that touch upon technology-related subject matter face the challenge of topics becoming outdated by the time the books go to press. Darren O’Connell found this type of content stagnation to be readily evident in how risk analysis is taught in institutes of higher learning. In fact, he found risk analysis lessons were not only […]

Troubled Waters: Report Calls for New Risk Analysis Services when Estimating Flood Insurance

As our weather patterns change and become more severe, it can’t be denied–climate change is upon us, and with it are some serious changes to life as we know it.  Take, for example, a recent report  commissioned by FEMA and  written by the National Research Council which outlines the true risks and costs of flooding […]