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 …

@RISK and DecisionTools Suite 7.5 Now Available

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 …

VIDEO: Introduction to the DecisionTools Suite

Do you use @RISK but haven’t explored the other Palisade Tools? It’s time you branched out to explore the DecisionTools Suite, which, in addition to @RISK for Monte Carlo simulation,  includes PrecisionTree for decision trees, and TopRank for “what if” sensitivity analysis. In addition, the DecisionTools Suite comes with StatTools for statistical analysis and forecasting, …

Making Medicine Count: The DecisionTools Suite Bolsters Efficacy of Humanitarian Programs

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 …

Palisade’s PrecisionTree Software Helps Form New AACE International Recommended Practice

Palisade’s PrecisionTree software was featured prominently in Cost Engineering Magazine’s July/August 2014 issue.  The article “Use Decision Trees to Make Important Project Decisions,” by long-time Palisade software user Dr. David T. Hulett, describes how decision trees can help decision makers choose between multiple options and take account of cost and rewards of different options. The article “forms …

Shipping Industry Relies on PrecisionTree, @RISK, to Manage Risks to Crew, Environment, and Property

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 …

Addressing Deadly Hepatitis B: UCSD Research Using @RISK and PrecisionTree Informs Public Health Policy

The Hepatitis B virus is 100 times more infectious than HIV, and kills more than 780,000 people each year. It can cause a potentially life-threatening liver infection often leading to cirrhosis and liver cancer.  It’s also preventable with a series of vaccinations. Yet throughout the past 30 years, the U.S. Preventative Services Task Force (USPSTF) …