Official blog of Palisade. Tips on making better decisions with analytics, news about the risk and decision analysis field, and updates from Palisade.
Decision Trees Explained In our first post, we discussed how presenting objective, realistic models that show all possible scenarios helps manage expectations early in the litigation process, setting the stage for productive settlement discussions. In this post, we will be delving into why patent litigation is a particularly expensive process and walk through an example …
Continue reading “Improving Legal Case Outcomes with @RISK and PrecisionTree, Part ll”
Now available in 5 languages: English, Spanish, Portuguese, German, and Chinese This webinar provides an entry-level introduction into probabilistic analysis, and shows how Monte Carlo simulation and other techniques can be applied to your everyday business analyses. Using Monte Carlo simulation, @RISK analyzes many different scenarios at once, giving you more insight into what could happen. …
Continue reading “On-Demand Webinar: “Introduction to Risk Analysis using @RISK””
»Watch now: “Project and Pipeline Valuation and Optimization with The DecisionTools Suite” This introductory webinar explores the basics of project and product valuation within the context of a larger pipeline. Uncertainty relating to cost, escalation over time, and unexpected delays are modeled. Also, we look at the process of release schedule optimization subject to various constraints, including …
The latest version of our popular risk analysis tools, @RISK 7.5 and DecisionTools Suite 7.5 are now available! Version 7.5 offers a range of improvements for any decision maker, from general use enhancements to new, specialized analytical features. New and enhanced graphing options, faster performance, and sophisticated analytics make DecisionTools Suite 7.5 the only decision analysis toolset you’ll ever …
Continue reading “@RISK and DecisionTools Suite 7.5 Now Available”
Baseball fans, take note: next time you’re looking to place a bet on a game, you may want to use @RISK. That’s what DePaul University professor Clayton Graham did to create his baseball wagering model, presented at the prestigious ninth annual 2015 MIT Sloan Sports Analytics Conference. Dr. Graham’s research submission, “Diamonds on the Line: …
Continue reading “Play Ball! Palisade Software Used in Award-Winning Sports Analytics Research”
Dr. Sumadhur Shakya, Assistant Professor of Operations Management & Agribusiness at California State University, Monterey Bay (CSUMB), has used @RISK in his own academic research and as a teaching tool in his classes, Operations Management and Supply Chain Management. Indeed, thanks to his championing of the software, 360 students at CSUMB will use @RISK, annually, …
Continue reading “Professor Hooked on @RISK Brings its Benefits to Cal State Monterey Bay”
Novelis, the world’s largest aluminum rolling and recycling company, had a clear dilemma: The company had little structure in their process in evaluating the risks associated with projects. According to Dave MacAdam, Senior Manager of Innovation Strategy at Novelis: “The process was perfunctory and overly reliant on input from the commercial side. While commercial input …
Continue reading “Novelis Uses @RISK, PrecisionTree for High Risk R&D Project Valuation”
Getting life-saving drugs to under-served people in developing countries is a driving goal for many non-profit organizations. However, well-intentioned efforts like these can fall short of their desired impact due to poor understanding of market uncertainty and risks associated with pharmaceutical manufacturing. Linskbridge, SPC, a consulting firm that advises international development organizations in determining what …
DNV GL SE, an international organization for ship classification, safety and quality control, uses PrecisionTree and @RISK software (part of the DecisionTools Suite, Palisade’s complete toolkit of risk and decision analysis tools) to determine the risk of an incident occurring to a ship or its systems and the consequences should one occur. This enables cost-benefit …
For those of you looking to hone your risk analysis and modeling skills, don’t miss out on our training services, both in-person and web-based! Palisade Regional Seminars show you how to apply @RISK and the DecisionTools Suite to real-life problems, maximizing your software investment. All courses include free materials with dozens of example models. Participants …
Continue reading “Sept/Oct Web and Live Training Sessions from Palisade Experts”
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