RISKOptimizer
Find the Best Resource Allocation under Uncertainty
Solve Complex Allocation Problems involving Uncertain Variables
Wouldn’t you like to know the best allocation of your limited resources to maximize your profits? Or the most efficient schedule to minimize costs? But what about the uncertainty inherent in sales projections, returns from individual investments, or production costs?
Traditional optimization methods ignore this uncertainty, a very risky approach. RISKOptimizer tells you not only the best combination of inputs to use, but the risk associated with each strategy. You can seek out strategies that enable you to minimize your risks while achieving your goals.
Overview
RISKOptimizer combines the Monte Carlo simulation technology of @RISK, Palisade’s risk analysis add-in, with the latest solving technology to allow the optimization of Excel spreadsheet models that contain uncertain values. Take any optimization problem and replace uncertain values with @RISK probability distribution functions that represent a range of possible values. For each trial solution RISKOptimizer tries during optimization, it runs a Monte Carlo simulation, finding the combination of adjustable cells that provides the best simulation results.
Optimize Tough Problems under Uncertainty
Compare Different Solutions
Communicate Results and Data with Others
Monitor Optimization Progress with RISKOptimizer Watcher
Industries
Energy & Utilities
Insurance & Reinsurance
Finance & Banking
Manufacturing & Consumer Goods
Construction & Engineering
Aerospace & Defense
Customer Success Stories
Learn how RISKOptimizer has helped analysts and executives improve decision making.
Mark Abramovich
Principal, Interdisciplinary Solutions for NYC DOHMH
The key to handling [emergency] events is to acknowledge that our predictive abilities are limited and to study a multitude of possibilities. RISKOptimizer makes it easy to do this, and the results enable organizations to plan for a wide range of scenarios.
Ross Sharman
Principal, Knowledge Global for Fitness First
Using RISKOptimizer, Fitness First has more confidence in the expected returns of energy efficiency strategies which makes capital sign off easier.
Dr. Emmanuel Donkor
School of Engineering and Applied Sciences (SEAS), George Washington University
RISKOptimizer allows the analyst to incorporate what’s known as probabilistic or chance constraints. This ensures that the risk of defaulting on loan payments, in any given period of the loan tenure is limited.
How RISKOptimizer Is Used
RISKOptimizer has a multitude of applications, including:
- Investment Planning & Portfolio Optimization
- Supply Chain Management
- Inventory & Capacity Planning
- Capital Reserves
- Product and Pricing Mix
Investment Planning & Portfolio Optimization
Supply Chain Management
Optimize multiple suppliers to minimize failure points and maximize probability of deliveries, while simulating uncertain risk factors.
Inventory & Capacity Planning
Manage inventory more effectively, improve capacity planning, and schedule workforces and equipment use more efficiently - all while simulating risk factors such as customer demand and worker productivity.
Capital Reserves
Probabilistically forecast and optimize different reserves levels subject to uncertain demands on capital.
Product and Pricing Mix
Identify the optimal product mix offering and price points to maximize sales subject to uncertainties around demand, production, or other factors.
Investment Planning & Portfolio Optimization
Investment Planning & Portfolio Optimization
Supply Chain Management
Supply Chain Management
Optimize multiple suppliers to minimize failure points and maximize probability of deliveries, while simulating uncertain risk factors.
Inventory & Capacity Planning
Inventory & Capacity Planning
Manage inventory more effectively, improve capacity planning, and schedule workforces and equipment use more efficiently - all while simulating risk factors such as customer demand and worker productivity.
Capital Reserves
Capital Reserves
Probabilistically forecast and optimize different reserves levels subject to uncertain demands on capital.
Product and Pricing Mix
Product and Pricing Mix
Identify the optimal product mix offering and price points to maximize sales subject to uncertainties around demand, production, or other factors.
Key Features
Optimization Under Uncertainty
By running Monte Carlo simulations to account for uncertain conditions, RISKOptimizer provides the best possible solutions to your allocation, budgeting, and scheduling problems.
100% Excel Integration
RISKOptimizer integrates seamlessly with Excel, adding a host of new, native functions that enable you to work in a familiar environment. Furthermore, the Excel integration ensures that the integrity of your modeling logic remains intact, for the most accurate results.
Graphs and Reports
RISKOptimizer analyses are robust, and come with easy-to-understand graphs and reports to enable you to communicate complex results to other stakeholders intuitively. This helps focus discussions on how to make the most of the insights gained.
Follow up from @RISK
Once you have defined uncertain variables and set up Monte Carlo simulation in an @RISK model, you can easily adapt the same model to use RISKOptimizer as a logical next step. Simply tell RISKOptimizer which variables are controllable, and it will optimize your model utilizing the existing @RISK functions already present.
Advanced Solving Engines
RISKOptimizer includes algorithms well-suite for both linear (simpler) and non-linear (more complex) problems. The OptQuest engine integrates a variety of methods into a single composite powerhouse, and the genetic algorithm engine is proven to find the best global solution to more complex, real-life problems.
Included with The DecisionTools Suite
The complete risk and decision analysis toolkit, including @RISK, PrecisionTree, TopRank, NeuralTools, StatTools, Evolver, RISKOptimizer, and ScheduleRiskAnalysis.
Additional Benefits
Subscription
Your software subscription has you fully covered.
- Free upgrades when new software versions are released
- Full access to Technical Support
Support
Technical Support is available to help with installation, operational problems, or errors.
- Included with subscription
- Phone, web, or email
Customizable
Leverage the power of RISKOptimize in your own custom application with Palisade Custom Development.
- Engage Palisade to design your solution
- Standardize your analyses and reduce learning curves