Monte Carlo Simulation as a Force for Good

CEO Message by Randy Heffernan Many who have been exposed to Monte Carlo simulation learned about it in the context of financial modeling such as asset management, cash flow analysis, or actuarial study.  And that’s with good reason: The applications of Monte Carlo simulation for giving valuable insights into areas of financial uncertainty are limitless.  …

Improving Legal Case Outcomes with @RISK and PrecisionTree, Part IV

Forecasting Damages Using Monte Carlo Simulation In our last post, we discussed using @RISK software to navigate decision analysis challenges and determine fair market value of intellectual property. This final post will continue exploring ways to enhance your litigation strategy by using @RISK to forecast damages. A common first step in litigation strategy is to …

Improving Legal Case Outcomes with @RISK and PrecisionTree, Part III

Calculating Unassailable Fair Market Value of Intellectual Property using Monte Carlo Simulation Previously we discussed the importance of crafting decision trees in litigation strategy and why patent litigation is an expensive, time-consuming process. In part three, we will be focusing on how to leverage Palisade’s @RISK software to overcome decision analysis challenges and calculate probabilities …

Improving Legal Case Outcomes with @RISK and PrecisionTree, Part ll

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 …

Improving Legal Case Outcomes with @RISK and PrecisionTree, Part I

Quantitatively Optimize Your Negotiation Strategy with Decision Trees In litigation, you often get stuck in inefficient negotiations. Between 95-97% of patent lawsuits settle before trial, but not before amassing an average of more than $2 million in expenses, according James C. Yoon, partner at Wilson Sonsini Goodrich & Rosati. If a long negotiation is disadvantageous …

On-Demand Webinar: @RISK Correlation and Copulas: Gaining Insights into your Inputs

»Watch now: “@RISK Correlation and Copulas: Gaining Insights into your Inputs” Gain additional insight into setting up and evaluating your risk analysis models in Excel, using @RISK. Learn how to incorporate correlation into your model to show how your input variables relate to one another while becoming familiar with basic concepts and terminology. Using @RISK’s …

On-Demand Webinar – @RISK Tornado Graphs and Sensitivity Analysis: Gaining Insights into your Models

»Watch now: “@RISK Tornado Graphs and Sensitivity Analysis: Gaining Insights into your Models” Explore @RISK for Excel‘s tornado graphs and spider charts to learn how they can be used as a tool to help make more informed decisions. You will learn what the five different types of tornado graphs are, some of their additional features, …

New Edition of Book “Risk and Decision Analysis in Projects”

John R. Schuyler delivers a wholly rewritten and expanded successor to the best-selling prior editions of his book. Decision analysis provides assistance in making logical, consistent decisions under uncertainty. This book instructs readers in applying decision analysis to a wide range of project decisions. An essential concepts and how-to guide intended for serious Project Management …

On-Demand Webinar: “Introduction to Risk and Decision Analysis using the DecisionTools Suite”

»Watch now: “Introduction to Risk and Decision Analysis using the DecisionTools Suite” This webinar is designed to provide an entry-level introduction into probabilistic analysis and will show how Monte Carlo simulation and other techniques can be applied to your everyday business analyses. If you build models in Excel then Palisade solutions can almost certainly help you …

From Boardroom to Courtroom: Using @RISK to Value Early-Stage Companies

Intellectual property (IP) is one of the most valuable assets early stage companies own, and one of the many challenges faced by these companies with no assets other than untested technology is how to determine a fair market value for their IP should they face a civil lawsuit.  IP makes a huge contribution to local, national …