NASA and Lockheed Martin use @RISK for Planning First Manned Mission to Mars

Ready to book your ticket to the Red Planet?  You’re in luck. Soon, visiting Mars will no longer be the stuff of science fiction—thanks to engineers and analysts at NASA and Lockheed Martin.   “We are building the first stepping stones to Mars,” says Michael Watson, a senior member of the Lockheed Martin Space Systems …

@RISK at the Core of DNV GL’s Risk Management Services to Account for Uncertainty

DNV GL’s energy division consists of 3000 energy experts that deliver world-renowned testing and expertise for the energy value chain, including renewables and energy efficiency. One of DNV GL’s customer’s, ROAF (Romerike avfallsforedling), an inter-municipal waste management company, wanted to invest in a new waste management system in order to meet EU targets of 50% minimum …

@RISK Improves Upon Black-Scholes Options Pricing Method

The financial world holds a great deal of risk. To help balance some of the unknowns, Dr. José Raúl Castro Esparza, professor at Benemérita Universidad Autónoma de  Puebla, in Puebla, Mexico has used @RISK to create a more exact and accurate pricing strategy for a key financial tool, the derivative. He has used this model …

Non-Profits None too Confident When it Comes to Risk Management

A few days ago, we discussed how major for-profit corporations admitted they aren’t doing all they can to manage their business risks. Turns out, non-profits aren’t confident they’re doing much better. According to a June 2014 survey of 150 U.S. nonprofit foundations and endowments conducted by SEI’s Institutional Group, 44% of them are not confident that …

@RISK Takes Nate Silver’s Senate-Race Predictions a Step Further

Statistician super-star and  FiveThirtyEight editor Nate Silver has gained fame for his spot-on predictions around elections; he had accurate predictions for all 50 states during the 2012 presidential election. While it seems that Silver has the power of precognition, he actually relies on refined statistical methods—including weighting various political polls—to make predictive models. Recently, Silver and …

Deloitte Uses @RISK to Advise Clients on Risk-Heavy Insurance Partnerships

The insurance business is inherently risky—so much so, that many companies in that sector are finding ways to side-step some of its trickiest aspects. This adds a layer of complexity that requires careful risk assessment and decision making for those who are ultimately liable when the claims do come in. Global consultancy Deloitte uses @RISK …

@RISK Models Public Transit Expansion in Edmonton, Alberta

The Canadian city of Edmonton, Alberta, is expanding their public transportation, known as the Light Rail Transit (LRT) system, from just one line to a network that connects all sectors of the city. Of course, projects like these are expensive—anywhere from $200-$800 million—and come with considerable uncertainty. To deal with this, the City brought on …

Major Corporations Lack Risk Management Strategies

Even the largest and most successful businesses have something to learn when it comes to managing risk. “Companies are working harder to identify potential risks to their business, but many still fail to incorporate those risks into strategic plans or inform the board of directors,” writes Wall Street Journal senior editor Emily Chasan. In her article …

@RISK and RISKOptimizer Help Manage Decisions around Debt Portfolios and Capital Investments

When faced with multiple kinds of debt instruments or exclusive capital investments, how can an analyst make a decision that maximizes reward but minimizes risk? Emmanuel Donkor, a quantitative analyst and faculty member of the School of Engineering and Applied Sciences (SEAS) at George Washington University addressed these complicated problems, using Palisade software @RISK and …

Palisade’s Impact on Helicopter Company Featured in Widespread Press

Palisade continues to garner broad media attention, this time due to the use of our software by a major helicopter manufacturer looking to better analyze risk when introducing new products. AgustaWestland, the European helicopter manufacturer, turned to @RISK to determine the financial feasibility of developing any new product, as detailed in our recent case study and blog. …