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Optimising the Business Case for Sustainable Energy Projects: Sark7 provides due diligence for prospective investors using the DecisionTools Suite

Optimising the Business Case for Sustainable Energy Projects: Sark7 provides due diligence for prospective investors using the DecisionTools Suite

This case study takes a biofuel plant as an example where @RISK models the project's Net Present Value (NPV), PrecisionTree informs strategic scenario decision-making, and Evolver suggests plant optimisation strategies. Click here to read the article.
Black Swans and Silver Linings

Black Swans and Silver Linings

Palisade Europe Managing Director Craig Ferri provides a list of guidelines for implementing Quantitative Risk Management (QRM) and Decision Making under Uncertainty (DMU). Click here to read the article.
Why software companies must analyze risk to ensure success

Why software companies must analyze risk to ensure success

In this byline, Randy Heffernan, vice president of Palisade Corporation, outlines risk management best practices to ensure the success of software projects and shares tips for crafting effective risk management strategies. He discusses how to effectively calculate and manage risk and explains the significance of the concept of ...
Enterprise Risk Management Software Gaining Popularity

Enterprise Risk Management Software Gaining Popularity

In this article, Randy Heffernan, vice president of Palisade Corporation is quoted on the emerging risk management software market. The article discusses the appeal of risk management software to large enterprises and talks about the current state of risk management market and its possible future. Click here to read the article.
Monte Carlo…Or Bust?

Monte Carlo…Or Bust?

The reinsurance industry has endured numerous larger than expected losses in the last decade or so -- everything from Hurricane Katrina to the global financial crisis to the Japanese earthquakes. Perhaps spurred by these losses, the world of reinsurance is looking at different ways of thinking about risk and how to manage it. Click here to ...
@RISK Reporting in Excel

@RISK Reporting in Excel

The @RISK — Excel Reports command selects reports to be generated on the active simulation results, or the current model definition. A variety of different pre-built simulation reports are available directly in Excel at the end of a simulation. The Quick Report is a report on simulation results designed for printing. This report contains a ...
Q&A on risk assessment and analysis

Q&A on risk assessment and analysis

Given the state of the current global economy, there's been a lot of talk about the need for "proper risk analysis." The concept of risk analysis and management has been around for many years but still is not executed well within the software industry. For any risk analysis assessment to be meaningful, it must take into account the concept of ...
Getting the Full Picture Combining Monte Carlo Simulation with Decision Tree Analysis – Part I

Getting the Full Picture Combining Monte Carlo Simulation with Decision Tree Analysis – Part I

@RISK is available with companion product PrecisionTree in the DecisionTools Suite. PrecisionTree creates decision trees in Excel to allow you to map and understand the complex decision problems. @RISK functions are recognized by PrecisionTree, and the two may be launched from a common Excel toolbar. @RISK allows you to: quantify the ...
Risk managers deserve a higher profile

Risk managers deserve a higher profile

Palisade Europe Managing Director Craig Ferri explains how 'Black Swan' events are changing perceptions of risk analysis. Click here to read the article.
Using RiskSimtable to Perform Multiple Simulations

Using RiskSimtable to Perform Multiple Simulations

@RISK’s use of Monte Carlo simulation allows for powerful features, like RiskSimtable. The RiskSimtable feature can be used to run multiple simulations to test the sensitivity of the risk analysis model, for example to changes in the parameters of a distribution. This model is of a business with a base case expected revenue of 100 and ...
Using Percentile Distribution Parameters

Using Percentile Distribution Parameters

@RISK, Palisade’s risk analysis software using Monte Carlo simulation, has many features that help you create powerful models for decision making under uncertainty. This model demonstrates the use of the alternate, percentile parameter formulation. In this case we assume that we have decided to use a Normal distribution to represent the ...
@RISK: Correlation of Input Variables

@RISK: Correlation of Input Variables

This financial risk analysis example demonstrates the use of the Corrmat function to correlate multiple @RISK distributions. The distributions are correlated using a matrix of coefficients that specify the relationship between each pair of functions. The coefficients must be between -1 and +1, with a value of +1 indicating a perfect ...

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