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 […]

Using @RISK for a Drug Development Decision: a Classroom Example

At Illinois State University, Associate Professor of Finance Domingo Joaquin uses @RISK to demonstrate how simulation modeling can be employed to support the R&D decision of a pharmaceutical firm, illustrating countless risk evaluation examples to students. Dr. Joaquin uses the example of the fictitious company “Drugco”, which has just successfully completed Phase I and Phase […]

Helicopter Manufacturer AgustaWestland Uses @RISK to Inform Major Company Decisions

New helicopters require large investments in order to design, develop, test, certify and bring the product to market—a process that can last three to five years. The venture also carries considerable financial risk. Thus, Anglo-Italian helicopter manufacturer AgustaWestland relies on @RISK to determine the financial feasibility of developing any new product. AgustaWestland first builds a […]