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: “Introduction to Risk Analysis using @RISK”

Now available in 5 languages: English, Spanish, Portuguese, German, and Chinese This webinar provides an entry-level introduction into probabilistic analysis, and shows how Monte Carlo simulation and other techniques can be applied to your everyday business analyses. Using Monte Carlo simulation, @RISK analyzes many different scenarios at once, giving you more insight into what could happen. …

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, …

@RISK Used to Prepare Hospitals for Hurricane Strike

Due in part to the significant impact of hurricane season on the Gulf Coast of the U.S., Louisiana is considered a “wet lab” for emergency preparedness. As part of its annual preparations, the State creates and maintains plans that involve the full coastal evacuation of entire hospitals and nursing homes in Southeastern Louisiana, mostly via …

L.E. Peabody uses @RISK for Strategic Decisions at Electric Power Generating Facilities

Real option valuations are used by existing or prospective owners of power plants to support acquisition, divestiture, development, or retirement decisions.  Owners of power plants also use real option valuations to support capital decisions, such as the installation of environmental controls, the expansion of plant capacity, or equipment to improve efficiency. L.E. Peabody & Associates, …