Official blog of Palisade. Tips on making better decisions with analytics, news about the risk and decision analysis field, and updates from Palisade.
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 …
Continue reading “Floods in the Forecast? Australia Plans for Climate Change”
IT Business Edge, on online business publication recently published a piece by Palisade Vice President Randy Heffernan titled “Using Monte Carlo Simulations for Disaster Preparedness,” a slideshow featuring key tips on how to apply this statistical method to planning for extreme weather events. As the article states, “the U.S. National Research Council recently suggested the …
Randy Heffernan, Palisade’s Vice President, wrote a recently featured piece in the Risk Management Monitor discussing the looming risks of climate change. The piece, titled ‘Analyzing the Real Costs of Climate Change’ details how businesses and organizations are in for serious changes in the coming decades thanks to increasingly unpredictable weather patterns. Heffernan references a …
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