@RISK Creates an 80% Cost-Savings for Nuclear Power Company

Building a new power plant in the U.S. is not for the risk-averse. The average cost of building one of these plants is historically 300% of the planned cost at the start of construction. Because of these prohibitive cost risks, as well as unfavorable public sentiment in reaction to the Three-Mile Island accident in 1979, […]

@RISK Helps Zero-In on U.S. Senate Race Outcomes

The midterm Senate race is fast approaching—and so are the speculations on its outcome. Previously, Lawrence W. Robinson, Professor of Operations Management at Cornell University’s Johnson Graduate School of Management used @RISK to statistically predict the senate races, using data from the stats-centered news site, FiveThirtyEight.   FiveThirtyEight was founded by statistician and political analyst Nate […]

@RISK Takes Nate Silver’s Senate-Race Predictions a Step Further

Statistician super-star and  FiveThirtyEight editor Nate Silver has gained fame for his spot-on predictions around elections; he had accurate predictions for all 50 states during the 2012 presidential election. While it seems that Silver has the power of precognition, he actually relies on refined statistical methods—including weighting various political polls—to make predictive models. Recently, Silver and […]

Palisade’s Impact on Helicopter Company Featured in Widespread Press

Palisade continues to garner broad media attention, this time due to the use of our software by a major helicopter manufacturer looking to better analyze risk when introducing new products. AgustaWestland, the European helicopter manufacturer, turned to @RISK to determine the financial feasibility of developing any new product, as detailed in our recent case study and blog. […]