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: 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 […]

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 […]