Staying Fit, Saving Energy: @RISK, RISKOptimizer, Helps World’s Biggest Gym Save on Electricity

Fitness First has over 1.2 million members, making it is the largest gym, health and fitness club group in the world—it also has a hefty electricity bill that needs managing. They turned to Knowledge Global, an Australian company that specializes in advising clients on reducing energy use costs. Knowledge Global has been delivering verifiable and […]

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 […]

This Thursday: Free Live Webcast on Life Cycle Cost Analysis with @RISK

Join us on December 18th, 2014 at 11:00 AM EST. Anthony Sclafani, registered Professional Engineer (California), a Certified Energy Manager, and a Certified Energy Auditor, gives a live webcast that will examine life cycle cost analysis (LLCA) and how best to incorporate uncertainty into the method: Life Cycle Cost Analysis Using @RISK Sclafani writes, “The […]

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 […]

Palisade VP Gives Tips on Planning for Climate Change in IT Business Edge Magazine

IT Business Edge, on online business publication recently published a piece by Palisade Vice President Randy Heffernan titled “Using Monte Carlo Simulations for Disaster Preparedness,” a slideshow featuring key tips on how to apply this statistical method to planning for extreme weather events. As the article states, “the U.S. National Research Council recently suggested the […]

@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, […]

US Army Uses @RISK to Address Schedule and Cost Risk in Acquisitions

The US Army Materiel Systems Analysis Activity, known as AMSAA, conducts critical analyses to equip and sustain weapons and materiel for soldiers in the field and future forces. The Army is charged with determining the best possible choice among several acquisition options, taking care to examine alternatives in tradespace, sensitivity, and cost and schedule risk […]

Reviewing Risk for South Africa’s Rail, Port, and Pipeline Projects

Managing the delivery of all necessary goods within a country is not a simple task. It can require the careful coordination of ships, ports, railways, and pipelines to ensure that citizens, no matter where they are, get the goods and services they need. Expanding this system to accommodate more people and growth can be a […]

French Rail Projects Rely on @RISK

France is the largest country in Western Europe and the European Union (EU), and, with a population of roughly 67 million, it’s the second-most populous country in the EU. Naturally, building and upgrading rail systems across the country is logistically challenging, requires large amounts of financing, and often involves complicated partnerships between public and private […]

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) […]