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Recently Added
Rusnano
Product: The DecisionTools Suite
Application: Private equity investment in nanotechnology
Industry: Finance
MRAG Asia Pacific
Product: @RISK
Application: Quantifying Illegal Fishing
Industry: Environment
Netconomy
Product: @RISK
Application: Budget Forecasting
Industry: Finance
Department of Energy and Climate Change
Product: @RISK
Application: Carbon emission forecasts
Industry: Government
Patrick Engineering
Product: @RISK
Application: Cost and Schedule Risk Analysis
Industry: Construction
RD&I Consulting
Product: @RISK
Application: Fehmarn Belt Fixed Link
Industry: Construction
Integrating Renewables with Electricity Storage
Product: @RISK
Application: Energy supply and Electricity Demand
Industry: Energy & Utilities
African Risk Capacity (ARC)
Product: @RISK
Application: Assessing Catastrophic Drought Risk
Industry: Insurance/Reinsurance
PragmaRisk
Product: DecisionTools Suite
Application: Project cost and schedule risk analysis
Industry: Engineering, Construction
Wright Homes
Product: @RISK
Application: Real Estate Development
Industry: Construction
Deloitte AIS
Product: @RISK
Application: Financial Planning for Environmental Rehabilitation
Industry: Insurance/Reinsurance
University of Pretoria
Product: DecisionTools Suite, @RISK, TopRank
Application: Viral Exposure
Industry: Sciences
University of Witwatersrand
Product: @RISK
Application: Mining Engineering
Industry: Academic
First Principles Consulting
Product: BigPicture
Application: Value Driver Trees of Management and Operational Processes
Industry: Mining, Consulting
Gemeente Hoorn
Product: @RISK
Application: Urban Planning
Industry: Government
NOAA Fisheries
Product: @RISK
Application: Estimating effects of dams on Atlantic salmon population dynamics
Industry: Environment
Cal Poly, San Luis Obispo
Product: DecisionTools Suite
Application: Financial Risk Management in Agriculture
Industry: Agriculture
Purdue University
Product: @RISK
Application: Environment, Government
Industry: Cost-benefit analysis of biofuel production under two government policies
Air and Waste Management Association
Product: @RISK
Application: Environment
Industry: Estimating vehicles on congested roads
Antea Group
Product: @RISK
Application: Environment
Industry: Cost Justification of Water Recycling Systems
University Melbourne
Product: @RISK
Application: Agriculture, Academia
Industry: Forecasting Dairy Operating Profits
Murray & Roberts
Product: @RISK
Application: Evaluating enterprise risks using risk modelling for a cash flow based approach
Industry: Construction
JB Scherer Consulting Group LLC
Product: @RISK
Application: Future Net Income Forecasting
Industry: Manufacturing
University of California, Berkeley
Product: @RISK
Application: Modeling extinction risk for Endangered Species
Industry: Environment
LStar Capital
Product: @RISK
Application: Risk Quantification in Film Financing
Industry: Finance
DePaul University/Advanced Analytics LLC
Product: DecisionTools Suite
Application: Sports Wagering
Industry: Academia
Tulane University
Product: @RISK
Application: Food Safety
Industry: Academic
Alesco Risk Management
Services Limited

Product: @RISK
Application: Risk modelling to determine optimum risk financing and insurance strategies
Industry: Energy
University of Texas Southwestern Medical Center
Product: @RISK
Application: Evaluating kidney function for organ transplant
Industry: Health
ProjectPMO
Product: @RISK
Application: Schedule and Cost Risk, Project Management
Industry: Aerospace
Kuwait Environment Public Authority
Product: @RISK
Application: Air Quality
Industry: Government
Commercial airline
Product: NeuralTools
Application: Demand and Pricing Elasticity
Industry: Transportation
WEnergy Global
Product: @RISK
Application: Return on Investment
Industry: Energy
Virginia Commonwealth University
Product: @RISK
Application: Value at Risk Analysis
Industry: Academic
Novelis
Product: The DecisionTools Suite
Application: Project Evaluation
Industry: Manufacturing
Preformed Line Products
Product: @RISK
Application: Tolerance Stacking
Industry: Manufacturing
Broadleaf Capital International
Product: @RISK
Application: Schedule and Cost Risk, Project Management
Industry: Mining
Australian Department of Climate Change
Product: @RISK
Application: Climate Change and Flooding Risk Assessment
Industry: Environment
Academic
Brazilian Petroleum Institute
Product: @RISK
Application: Oil Exploration
Bucknell University
Product: PrecisionTree
Application: Technology Implementation
Cambridge University
Product: @RISK
Application: Climate Change
Columbia University
Product: @RISK
Application: Energy and Public Policy
Cornell University
Product: @RISK
Application: Financial Management
Curtin University of Technology
Product: @RISK
Application: Statistical analysis
DePaul University/Advanced Analytics LLC
Product: DecisionTools Suite
Application: Sports Wagering
Illinois State University
Product: @RISK
Application: Pharmaceutical R&D, Net Present Value, Internal Rate of Return
Illinois State University
Product: @RISK
Application: Real Options and Finance
INCAE Business School
Product: @RISK
Application: Finance and Capital Markets
Johnson Graduate School of Management, Cornell University
Product: @RISK
Application: Election Forecasting
Missouri University of Science and Technology
Product: @RISK
Application: Mining Engineering
Pace University
Product: StatTools, DecisionTools Suite
Application: Operations Research
Shanghai Jiao Tong University
Product: DecisionTools Suite
Application: Engineering system design and optimization
Swinburne University of Technology
Product: @RISK
Application: Venture Capital Management
Technical University of Denmark
Product: @RISK
Application: Transportation research
Tulane University
Product: @RISK
Application: Food Safety
University of Houston
Product: DecisionTools Suite
Application: Managerial Decision Making
University of London Royal Veterinary College / EpiX Analytics
Product: @RISK
Application: Health and food safety
University Melbourne
Product: @RISK
Application: Forecasting Dairy Operating Profits
University of New Brunswick
Product: @RISK
Application: Reducing Environmental Impact of Commercial Aquaculture
University of Pennsylvania
Product: DecisionTools Suite
Application: Organizational Dynamics
University of Pretoria
Product: DecisionTools Suite, @RISK, TopRank
Application: Viral Exposure
University of Toronto
Product: DecisionTools Suite
Application: Financial Management
University of Witwatersrand
Product: @RISK
Application: Mining Engineering
Virginia Commonwealth University
Product: @RISK
Application: Value at Risk Analysis

READ ALSO
In Agriculture:
Cornell University / Purdue University
Product: @RISK
Application: Agriculture Policy Assessment
University of Buenos Aires
Product: @RISK
Application: Agricultural Investment
University of Tokyo
Product: @RISK
Application: Agriculture
In Environment:
Cornell University /
Lower Colorado River Authority

Product: @RISK
Application: Natural Resource Mgmt
In Energy:
Cranfield University
Product: @RISK
Application: Equipment Reliability
In Finance:
London Business School /
Novartis Pharmaceutical

Product: @RISK, PrecisionTree, RISKOptimizer, DecisionTools Suite
Application: Portfolio Management
In Medical:
Royal Veterinary College
Product: @RISK
Application: Disease Prevention
Energy & Utilities
Abu Dhabi Water &
Electricity Company

Product: @RISK
Application: Demand Forecasting
Águas do Douro e Paiva
Product: @RISK
Application: Cost Reduction
Alesco Risk Management
Services Limited

Product: @RISK
Application: Risk modelling to determine optimum risk financing and insurance strategies
BC Hydro
Product: @RISK
Application: Project Analysis
Bigen Africa
Product: @RISK
Application: Demand and Cost Forecasting
Blade Energy
Product: @RISK
Application: Drilling Productivity
Carnegie Mellon University / Pittsburgh Technical
Product: @RISK
Application: Mitigating project schedule and cost overrun risk
Cinergy
Product: @RISK
Application: Acquisitions Analysis
Cranfield University
Product: @RISK
Application: Equipment Reliability
Det Norske Veritas (DNV)
Product: @RISK
Application: ROI of Different Projects
ECN
Product: @RISK
Application: Financial analysis of offshore wind farms
Enex
Product: DecisionTools Suite
Application: Project Planning
Fitness First
Product: @RISK, RISKOptimizer
Application: Energy Budget Resilience Optimization
Fluor Corporation
Product: @RISK
Application: Oil and Gas Estimating
Futuremetrics
Product: @RISK
Application: Price Hedging
Grupo ISA
Product: @RISK
Application: Investment Analysis
Hydroelectric Power in Colombia
Product: @RISK
Application: Cost estimation
IHS Energy Group
Product: @RISK Developer Kit
Application: Exploration, Drilling, and Production Analysis
Integrating Renewables with Electricity Storage
Product: @RISK
Application: Energy supply and Electricity Demand
Metaproject
Product: @RISK, PrecisionTree
Application: Rescue Operations
Northern Indiana
Public Service Company

Product: @RISK, Evolver, RISKOptimizer
Application: Pricing, Production Allocation for Regulation Compliance
Petrobras
Product: @RISK
Application: Exploration & Production
RiskAdvisory
Product: @RISK Developer Kit
Application: Energy Production and Pricing
Rudd Asset Management (RAM)
Product: @RISK
Application: Waste disposal and renewable energy
Sark7
Product: Decision Tools Suite (@RISK, Precision Tree and Evolver)
Application: Optimising the business case for sustainable energy projects
Tioga Energy
Product: @RISK
Application: Solar energy savings
Transelectrica
Product: @RISK
Application: Measuring and Mitigating Open Market Risk
WEnergy Global
Product: @RISK
Application: Return on Investment

SEE ALSO:
Halcrow
Product: @RISK
Application: Flood Protection

SEE ALSO: INDUSTRY MODELS
» Energy Models

Environment
Air and Waste Management Association
Product: @RISK
Application: Estimating vehicles on congested roads
Aspinall & Associates
Product: @RISK, PrecisionTree, DecisionTools Suite
Application: Disaster Planning
Australian Department of Climate Change
Product: @RISK
Application: Climate Change and Flooding Risk Assessment
Bristol’s Environmental Risk Research Centre (BRISK)
Product: DecisionTools Suite
Application: Disaster Planning
Cornell University /
Lower Colorado River Authority

Product: @RISK
Application: Natural Resource Management
Greenup Locks and Dam
Product: @RISK
Application: Dam maintenance and repair
Halcrow
Product: @RISK
Application: Flood Protection
Halcrow Group Ltd /
UK Environment Agency

Product: @RISK
Application: Flood Management
Kennecott Utah Copper
Product: @RISK
Application: Pollution Cleanup
MRAG Asia Pacific
Industry: Environment
Application: Quantifying Illegal Fishing
NOAA Fisheries
Product: @RISK
Application: Estimating effects of dams on Atlantic salmon population dynamics
Purdue University
Product: @RISK
Application: Cost-benefit analysis of biofuel production under two government policies
Triangle Economic Research
Product: @RISK, PrecisionTree
Application: Pollution Cleanup
University of California, Berkeley
Product: @RISK
Application: Modeling extinction risk for Endangered Species
World Conservation Union
Product: @RISK, PrecisionTree, DecisionTools Suite
Application: Endangered Species Protection

READ ALSO
In Academic:
Cambridge University
Product: @RISK
Application: Climate Change
Sark7
Product: Decision Tools Suite (@RISK, Precision Tree and Evolver)
Application: Optimising the business case for sustainable energy projects
In Agriculture:
World Aquatic Veterinary Medical Association (WAVMA)
Product: @RISK
Application: Helping aquatic farmers to make informed choices that reduce risk of disease in their animals without extensive and costly testing
Finance
Albert Fensterstock Associates
Product: NeuralTools
Application: Credit and debt risk analysis
Benemerita Universidad Autonoma de Puebla
Product: @RISK
Application: Derivatives Pricing
Cynametrix
Product: DecisionTools Suite
Application: Portfolio Optimization including IDB
FiduciaryVest
Product: @RISK
Application: Asset Allocation, Value-at-Risk
George Washington University
Product: @RISK & RISKOptimizer
Application: Debt Portfolios, Capital Investments
London Business School /
Novartis Pharmaceutical

Product: @RISK, PrecisionTree, RISKOptimizer, DecisionTools Suite
Application: Portfolio Management
LStar Capital
Product: @RISK
Application: Risk Quantification in Film Financing
Merck
Product: @RISK
Application: Value-at-Risk Exchange Rate
Netconomy
Product: @RISK
Application: Budget Forecasting
Nighthawk Intelligence
Product: DecisionTools Suite
Application: Private label credit card (PLCC) accounts for major electronics retailer
Performance Thinking & Technologies
Product: @RISK & RISKOptimizer
Application: Hedge Fund management
Procter & Gamble
Product: @RISK, PrecisionTree, DecisionTools Suite
Application: Production Siting, New Product Analysis, Exchange Rate Analysis, Real Options
Risqworx
Product: @RISK
Application: Calculating investment risk and ROI
Rusnano
Industry: Finance/Banking
Application: Private equity investment in nanotechnology
RoseCap Investment Advisors
Product: @RISK
Application: Valuation of Direct Investment

READ ALSO
In Academic:
Swinburne University of Technology
Product: @RISK
Application: Venture Capital Management
In Energy:
Cinergy
Product: @RISK
Application: Acquisitions Analysis
Grupo ISA
Product: @RISK
Application: Investment Analysis
In Government:
Her Majesty's Prison Service
Product: @RISK
Application: Cash Flow Analysis
In Insurance/Reinsurance:
Society of Actuaries /
Casualty Actuary Society

Product: @RISK
Application: Pension and Insurance Planning

SEE ALSO: INDUSTRY MODELS
» Finance/Banking Models
Recently Added
Rusnano
Product: The DecisionTools Suite
Application: Private equity investment in nanotechnology
Industry: Finance
MRAG Asia Pacific
Product: @RISK
Application: Quantifying Illegal Fishing
Industry: Environment
Netconomy
Product: @RISK
Application: Budget Forecasting
Industry: Finance
Department of Energy and Climate Change
Product: @RISK
Application: Carbon emission forecasts
Industry: Government
Patrick Engineering
Product: @RISK
Application: Cost and Schedule Risk Analysis
Industry: Construction
RD&I Consulting
Product: @RISK
Application: Fehmarn Belt Fixed Link
Industry: Construction
Integrating Renewables with Electricity Storage
Product: @RISK
Application: Energy supply and Electricity Demand
Industry: Energy & Utilities
African Risk Capacity (ARC)
Product: @RISK
Application: Assessing Catastrophic Drought Risk
Industry: Insurance/Reinsurance
PragmaRisk
Product: DecisionTools Suite
Application: Project cost and schedule risk analysis
Industry: Engineering, Construction
Wright Homes
Product: @RISK
Application: Real Estate Development
Industry: Construction
Deloitte AIS
Product: @RISK
Application: Financial Planning for Environmental Rehabilitation
Industry: Insurance/Reinsurance
University of Pretoria
Product: DecisionTools Suite, @RISK, TopRank
Application: Viral Exposure
Industry: Sciences
University of Witwatersrand
Product: @RISK
Application: Mining Engineering
Industry: Academic
First Principles Consulting
Product: BigPicture
Application: Value Driver Trees of Management and Operational Processes
Industry: Mining, Consulting
Gemeente Hoorn
Product: @RISK
Application: Urban Planning
Industry: Government
NOAA Fisheries
Product: @RISK
Application: Estimating effects of dams on Atlantic salmon population dynamics
Industry: Environment
Cal Poly, San Luis Obispo
Product: DecisionTools Suite
Application: Financial Risk Management in Agriculture
Industry: Agriculture
Purdue University
Product: @RISK
Application: Environment, Government
Industry: Cost-benefit analysis of biofuel production under two government policies
Air and Waste Management Association
Product: @RISK
Application: Environment
Industry: Estimating vehicles on congested roads
Antea Group
Product: @RISK
Application: Environment
Industry: Cost Justification of Water Recycling Systems
University Melbourne
Product: @RISK
Application: Agriculture, Academia
Industry: Forecasting Dairy Operating Profits
Murray & Roberts
Product: @RISK
Application: Evaluating enterprise risks using risk modelling for a cash flow based approach
Industry: Construction
JB Scherer Consulting Group LLC
Product: @RISK
Application: Future Net Income Forecasting
Industry: Manufacturing
University of California, Berkeley
Product: @RISK
Application: Modeling extinction risk for Endangered Species
Industry: Environment
LStar Capital
Product: @RISK
Application: Risk Quantification in Film Financing
Industry: Finance
DePaul University/Advanced Analytics LLC
Product: DecisionTools Suite
Application: Sports Wagering
Industry: Academia
Tulane University
Product: @RISK
Application: Food Safety
Industry: Academic
Alesco Risk Management
Services Limited

Product: @RISK
Application: Risk modelling to determine optimum risk financing and insurance strategies
Industry: Energy
University of Texas Southwestern Medical Center
Product: @RISK
Application: Evaluating kidney function for organ transplant
Industry: Health
ProjectPMO
Product: @RISK
Application: Schedule and Cost Risk, Project Management
Industry: Aerospace
Kuwait Environment Public Authority
Product: @RISK
Application: Air Quality
Industry: Government
Commercial airline
Product: NeuralTools
Application: Demand and Pricing Elasticity
Industry: Transportation
WEnergy Global
Product: @RISK
Application: Return on Investment
Industry: Energy
Virginia Commonwealth University
Product: @RISK
Application: Value at Risk Analysis
Industry: Academic
Novelis
Product: The DecisionTools Suite
Application: Project Evaluation
Industry: Manufacturing
Preformed Line Products
Product: @RISK
Application: Tolerance Stacking
Industry: Manufacturing
Broadleaf Capital International
Product: @RISK
Application: Schedule and Cost Risk, Project Management
Industry: Mining
Australian Department of Climate Change
Product: @RISK
Application: Climate Change and Flooding Risk Assessment
Industry: Environment
DecisionTools Suite Cases
Aspinall & Associates
Industry: Environment
Application: Disaster Planning
Bristol’s Environmental Risk Research Centre (BRISK)
Industry: Environment
Application: Disaster Planning
Cal Poly, San Luis Obispo
Industry: Agriculture
Application: Financial Risk Management in Agriculture
Captum Capital
Industry: Healthcare/Pharmaceutical
Application: rNPV of New Companies and Technologies
Cynametrix
Industry: Finance
Application: Portfolio Optimization including IDB
DePaul University/Advanced Analytics LLC
Industry: Academia
Application: Sports Wagering
DNV GL SE
Industry: Shipping
Application: Risk and cost-benefit analysis to enhance the safety of ships and ship systems
Enex
Industry: Energy
Application: Geothermal Power Plant Equipment Procurement
Linksbridge SPC
Industry: Non-Profit
Application: Evaluating Efficacy of Public Health Initiatives
Logion BV
Industry: Transportation
Application: Transportation, Distribution, and Inventory Management
London Business School /
Novartis Pharmaceutical

Industry: Financing/Banking
Application: Portfolio Management
MegaFon
Industry: Telecommunications
Application: Enterprise Risk Management
Met-Mex Peñoles
Industry: Six Sigma
Application: Six Sigma Design of Experiments
Nighthawk Intelligence
Industry: Finance
Application: Private label credit card (PLCC) accounts for major electronics retailer
Novelis
Industry: Manufacturing
Application: Project Evaluation
PragmaRisk
Industry: Engineering, Construction
Application: Project cost and schedule risk analysis
Procter & Gamble
Industry: Academic
Application: Production Siting, New Product Analysis, Exchange Rate Analysis, Real Options
Rusnano
Industry: Finance/Banking
Application: Private equity investment in nanotechnology
Sark7
Industry: Sustainable energy (project consulting)
Application: Optimising the business case for sustainable energy projects
Shanghai Jiao Tong University
Industry: Finance
Application: Engineering system design and optimization
Triangle Economic Research
Industry: Environment
Application: Pollution Cleanup
Unilever
Industry: Manufacturing
Application: Product launch, capex, and many others
University of California San Diego School of Medicine
Industry: Healthcare / Pharmaceutical
Application: Public Health screening
University of Houston
Industry: Energy, Finance, Medical, and more
Application: Managerial Decision Making
University of Toronto
Industry: Academic
Application: Financial Management
University of Pretoria
Industry: Sciences
Application: Viral Exposure
World Conservation Union
Industry: Environment
Application: Endangered Species Protection

SEE ALSO
In StatTools:
Pace University
Industry: Academic
Application: Operations Research

In @RISK:
Northern Indiana
Public Service Company

Industry: Energy
Application: Pricing, Production Allocation for Regulation Compliance


@RISK Cases
Abu Dhabi Water &
Electricity Company

Industry: Energy and Utilities
Application: Demand Forecasting
African Risk Capacity (ARC)
Industry: Insurance/Reinsurance
Application: Assessing Catastrophic Drought Risk
Air and Waste Management Association
Industry: Environment
Application: Estimating vehicles on congested roads
Alesco Risk Management
Services Limited

Industry: Energy
Application: Risk modelling to determine optimum risk financing and insurance strategies
Analytics
Industry: Academic
Application: Health and food safety
Águas do Douro e Paiva
Industry: Energy
Application: Cost Reduction
AgustaWestland
Industry: Aerospace
Application: New product development, feasibility studies, business initiatives
Antea Group
Industry: Environment
Application: Cost Justification of Water Recycling Systems
ARC of Yates
Industry: Non-Profit
Application: Budget Forecasting
Australian Department of Climate Change
Industry: Environment
Application: Climate Change and Flooding Risk Assessment
BC Hydro
Industry: Energy
Application: Project Analysis
Benemerita Universidad Autonoma de Puebla
Industry: Finance
Application: Derivatives Pricing
Bigen Africa
Industry: Energy & Utilities
Application: Demand and Cost Forecasting
Blade Energy
Industry: Energy
Application: Drilling Productivity
Brazilian Petroleum Institute
Industry: Academic
Application: Oil Exploration
Broadleaf Capital International
Industry: Mining
Application: Schedule and Cost Risk, Project Management
Cambridge University
Industry: Academic
Application: Climate Change
Carnegie Mellon University / Pittsburgh Technical
Industry: Nuclear Energy / Energy Infrastructure
Application: Mitigating project schedule and cost overrun risk
Centre for Traffic
& Transport, Denmark

Industry: Transportation
Application: Transportation Planning
Cinergy
Industry: Energy
Application: Acquisitions Analysis
City of Edmonton / SMA Consulting
Industry: Transportation / Government
Application: Project management
Columbia University
Industry: Academic
Application: Energy and Public Policy
Cornell University
Industry: Academic
Application: Financial Management
CP Risk Solutions/
Illinois State University

Industry: Insurance
Application: Reinsurance Strategy
CP Risk Solutions/Illinois State University
Industry: Manufacturing
Application: Factory Shutdown
Cranfield University
Industry: Energy
Application: Equipment Reliability
Cornell University/
Lower Colorado River Authority

Industry: Environment
Application: Natural Resource Mgmt
Cornell University
Industry: Agriculture
Application: Agriculture Policy Assessment
Cummins Inc.
Industry: Six Sigma
Application: Six Sigma Quality Analysis
Curtin University of Technology
Industry: Academic
Application: Statistical analysis
Department of Energy and Climate Change
Industry: Government
Application: Carbon emission forecasts
Deloitte
Industry: Insurance/Reinsurance
Application: Cell Captive Insurance
Deloitte AIS
Industry: Insurance/Reinsurance
Application: Financial Planning for Environmental Rehabilitation
Det Norske Veritas (DNV)
Industry: Energy
Application: ROI of Different Projects
DNV GL
Industry: Energy
Application: Project Risk Management, Enterprise Risk Management, SHE Risk Management, Operational Risk Management
ECN
Industry: Energy research organisation
Application: Financial analysis of offshore wind farms
ENGCOMP
Industry: Government/Defense
Application: Budgeting
Federal Highway Adminstration
Industry: Transportation
Application: Pavement Cost Analysis
FiduciaryVest
Industry: Finance
Application: Asset Allocation, Value-at-Risk
Fitness First
Industry: Energy / Utilities
Application: Energy Budget Resilience Optimization
Fluor Corporation
Industry: Energy
Application: Oil and Gas Estimating
Fort McMurray Airport Authority (FMAA) / Revay and Associates Ltd.
Industry:Transportation
Application: Enterprise Risk Management (ERM)
Futuremetrics
Industry: Energy
Application: Price Hedging
Gemeente Hoorn
Industry: Government
Application: Urban Planning
George Washington University
Industry: Finance
Application: Debt Portfolios, Capital Investments
Greenup Locks and Dam
Industry: Energy
Application: Dam maintenance and repair
Grupo ISA
Industry: Energy
Application: Investment Analysis
Halcrow
Industry: Energy & Utilities
Application: Flood Protection
Halcrow Group Ltd /
UK Environment Agency

Industry: Environment
Application: Flood Management
Her Majesty's Prison Service
Industry: Government
Application: Cash Flow Analysis
Hospital Clinic Barcelona
Industry: Medical
Application: Blood Screening
Hydroelectric Power in Colombia
Industry: Energy
Application: Cost estimation
Illinois State University
Industry: Academic / Pharmaceutical
Application: Pharmaceutical R&D, Net Present Value, Internal Rate of Return
Illinois State University
Industry: Academic
Application: Real Options and Finance
INCAE Business School
Industry: Academic
Application: Finance and Capital Markets
Integrating Renewables with Electricity Storage
Industry: Energy & Utilities
Application: Energy Supply and Electricity Demand
JB Scherer Consulting Group LLC
Industry: Manufacturing
Application: Future Net Income Forecasting
Johnson Graduate School of Management, Cornell University
Industry: Academic / Politics
Application: Election Forecasting
Kewpie Corporation and University of Tokyo
Industry: Agriculture
Application: Food Safety
Katrina Disaster Response Center
Industry: Government
Application: Disaster Response Planning
Kennecott Utah Copper
Industry: Environment
Application: Pollution Cleanup
KSU College of Veterinary Medicine
Industry: Agriculture
Application: Biosecurity to Avoid Disease Introduction
Kuwait Environment Public Authority
Industry: Government
Application: Air Quality
Larsen & Toubro Institute of
Project Management

Industry: Manufacturing
Application: Project Management
Lockheed Martin / NASA
Industry: Aerospace
Application: Schedule risk assessment
LStar Capital
Industry: Finance
Application: Risk Quantification in Film Financing
Merck
Industry: Finance/Banking
Application: Value-at-Risk Exchange Rate
Missouri University of Science and Technology
Industry: Academic
Application: Mining Engineering
MRAG Asia Pacific
Industry: Environment
Application: Quantifying Illegal Fishing
Murray & Roberts
Industry: Construction
Application: Evaluating enterprise risks using risk modelling for a cash flow based approach
Netconomy
Industry: Finance
Application: Budget Forecasting
New York City Department
of Health and Mental Hygiene

Industry: Medical
Application: Future Pandemic Planning
Northern Indiana
Public Service Company

Industry: Energy
Application: Pricing, Production Allocation for Regulation Compliance
NOAA Fisheries
Industry: Environment
Application: Estimating effects of dams on Atlantic salmon population dynamics
Pantektor AB
Industry: Construction
Application: Fire Risk Mitigation
Pareto Solutions
Industry: Government
Application: Budget Projection
Patrick Engineering
Industry: Construction
Application: Cost and Schedule Risk Analysis
RD&I Consulting
Industry: Construction
Application: Fehmarn Belt Fixed Link
Petrobras
Industry: Energy
Application: Exploration & Production
Preformed Line Products
Industry: Manufacturing
Application: Tolerance Stacking
ProjectPMO
Industry: Aerospace
Application: Schedule and Cost Risk, Project Management
Post Danmark / PricewaterhouseCoopers
Industry: Government
Application: Insurance Premium Reduction
Purdue University
Industry: Environment, Government
Application: Cost-benefit analysis of biofuel production under two government policies
RisqWorx
Industry: Property
Application: Calculating investment risk and ROI
Royal Veterinary College
Industry: Medical
Application: Disease Prevention
RoseCap
Industry: Finance/Banking
Application: Valuation of Direct Investment
Rudd Asset Management (RAM)
Industry: Energy
Application: Waste disposal and renewable energy
Scottsdale Insurance Company
Industry: Insurance
Application: Comparing commercial properties; RAROC
Shanghai Food and Drug Administration
Industry: Government
Application: Food safety, monitoring contaminants
Slovak Rail Company
Industry: Transportation
Application: Capital Investment
Society of Actuaries/
Casualty Actuary Society

Industry: Insurance/Reinsurance
Application: Pension and Insurance Planning
Solvĕre
Industry: Transportation
Application: Transportation Infrastructure
Swinburne University of Technology
Industry: Academic
Application: Venture Capital Management
SzigmaSzervíz Ltd
Industry: Manufacturing
Application: Project Management
Technical University of Denmark
Industry: Academic
Application: Transportation research
Thales Group
Industry: Manufacturing
Application: Market Feasibility
Tioga Energy
Industry: Energy
Application: Solar energy savings
Transelectrica
Industry: Power
Application: Measuring and Mitigating Open Market Risk
Transae/Réseau Ferré de France
Industry: Transportation
Application: PPP rail project financing
Transnet
Industry: Transportation
Application: Freight Transport
Tulane University
Industry: Academic
Application: Food Safety
UK Ministry of Defence
Industry: Defence
Application: Project Management
University of Arkansas
Industry:Agriculture
Application: Analyzing Hybrid Varieties of Rice Crops
University of Buenos Aires
Industry: Agriculture
Application: Agricultural Investment
University of California, Berkeley
Industry: Environment
Application: Modeling extinction risk for Endangered Species
University Melbourne
Industry: Academic / Agriculture
Application: Forecasting Dairy Operating Profits
University of New Brunswick
Industry: Academic / Agriculture
Application: Reducing Environmental Impact of Commercial Aquaculture
University of Pennsylvania
Industry: Academic
Application: Organizational Dynamics
University of Texas Southwestern Medical Center
Industry: Health
Application: Evaluating kidney function for organ transplant
University of Tokyo
Industry: Agriculture
Application: Food safety, detection of BSE
University of Witwatersrand
Industry: Academic
Application: Mining Engineering
US Army Materiel Systems Analysis Activity (AMSAA)
Industry: Government / Defense
Application: Schedule and Cost Risk for Acquisitions
Value Management Strategies, Inc.
Industry: Government, Manufacturing
Application: Project management, cost estimation, event risk
Virginia Commonwealth University
Industry: Academic
Application: Value at Risk Analysis
Visual Reporting / Danish Government / Agency for Digitisation
Industry: Government, IT
Application: Risk assessment of major IT projects
WEnergy Global
Industry: Energy
Application: Return on Investment
Wright Homes
Industry: Construction
Application: Real Estate Development
World Aquatic Veterinary Medical Association (WAVMA)
Industry: Environment
Application: Aquaculture and biosecurity

SEE ALSO: INDUSTRY MODELS
» Example Models

In DecisionTools Suite:
Aspinall & Associates
Industry: Environment
Application: Disaster Planning
Enex
Industry: Energy
Application: Geothermal Power Plant Equipment Procurement
Logion BV
Industry: Transportation
Application: Transportation, Distribution, and Inventory Management
London Business School /
Novartis Pharmaceutical

Industry: Financing/Banking
Application: Portfolio Management
Triangle Economic Research
Industry: Environment
Application: Pollution Cleanup
Procter & Gamble
Industry: Finance
Application: Production Siting, New Product Analysis, Exchange Rate Analysis, Real Options
World Conservation Union
Industry: Environment
Application: Endangered Species Protection

In @RISK Developer Kit:
London Underground / Istria
Industry: Transportation
Application: Transportation Safety and Investments

In Evolver:
Mettler Consulting
Industry: Insurance/Reinsurance
Application: Enterprise Resource Planning


@RISK Helps Set Budgets
for Social Services


To control costs, state governments are increasingly moving toward the privatization of social services. How much should a state pay its private vendors for providing those services? This is always a tricky question, and its answer hinges on ever-changing uncertainties. Dr. Anthony Broskowski’s consulting firm, Pareto Solutions, helps state governments plan the privatization process for mental health and child welfare services. Trained as a clinical psychologist and a statistician, Dr. Broskowski advises state governments on vendors’ administrative cost structures, the mix of appropriate services, and the long-range costs they can expect to pay for those services as well as traditional services. For more than a decade, he has relied on @RISK to make his budget projections.

The Risk-Reward Corridor
“Contracting for social services is a risk-reward corridor that both government and vendors must travel through,” says Dr. Broskowski, and the doors to many uncertainties open onto this corridor. Take his recent work for the city of Washington, D.C. The district wanted to privatize the foster-care component of its child welfare program, under a system in which a vendor would receive a prepaid allotment for every child needing a foster care placement. Under this system, the vendor would assume the costs and the risks of cost fluctuations until the child can be reunited with his or her family or attains some other permanency status, such as adoption. To compensate for assuming these risks, the vendor would retain any portion of the government’s payment left over after expenses, within a range of plus or minus 85% of the expected total costs. Dr. Broskowski says that to figure out a fair rate to pay the service provider, “You can’t use a simple formula like number of children x number of days of care x price per unit.” There are too many other factors, such as:

  • local population trends
  • variability of investigation standards
  • the case-mix of children by age and reason for removal from the home
  • the rate at which children enter the system
  • the types of services and levels of placements each child needs
  • the unit cost other providers are paid for services and placements
  • how long will each child will need each service and remain in each placement.

In addition, Dr. Broskowski’s models must develop the formulas for distributing the risks more equally between the vendor and the government.  These include repaying profits beyond a certain level and stop-loss provisions for the highest-cost cases, such as medically fragile children. 

Big Decisions, Big Model
Clearly, the mix of corporate budgeting approaches and human social problems is not for the faint-hearted analyst.  Dr. Broskowski’s models are big simulations spun out over long time spans.  For a county-by-county projection of the costs for upgrading mental health services in the state of North Carolina, for instance, he estimates that his model incorporated about a thousand variables.  But even so he shrugs this off as a problem of mere size.  Having first used @RISK in the early ‘90s to apply managed care principles to carving-out mental health insurance benefits for top corporations like Federal Express and Chrysler, he has come to rely on its ease of use for even the largest models.  In fact, although he now frequently trains his clients in the use of @RISK, he confesses that for many years he made little mention of his use of Palisade’s software.  “I didn’t want those other guys—my competitors—to find out how easy it is to use.”

A Simultaneous Equation
“With @RISK,” Dr. Broskowski says, “the real challenge isn’t the modeling.  The real challenge is getting the folks in government to accept their role in risk sharing.  Because the vendors are in business, risk-and-reward comes easier to them than to government officials letting out contracts.  But here again, @RISK is so intuitive it makes it easy to show people how to balance the risks with the opportunities and come to some kind of equilibrium.  It can help them actually see that this kind of contract is a simultaneous risk-opportunity equation.” Just the kind of equation to be solved by a company named Pareto Solutions. 

» @RISK

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