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Finance
Albert Fensterstock Associates
Product: NeuralTools
Application: Credit and debt risk analysis
Benemerita Universidad Autonoma de Puebla
Product: @RISK
Application: Derivatives Pricing
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
Merck
Product: @RISK
Application: Value-at-Risk Exchange Rate
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
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
Benemerita Universidad Autonoma de Puebla
Product: @RISK
Application: Derivatives Pricing
Industry: Finance
City of Edmonton / SMA Consulting
Product: @RISK
Application: Project management
Industry: Transportation / Government
Albert Fensterstock Associates
Product: NeuralTools
Application: Credit and debt risk analysis
Industry: Finance
Deloitte
Product: @RISK
Application: Cell Captive Insurance
Industry: Insurance/Reinsurance
Visual Reporting / Danish Government / Agency for Digitisation
Product: @RISK
Application: Government / IT
Industry: Risk assessment of major IT projects
DNV GL
Product: @RISK
Application: Project Risk Management, Enterprise Risk Management, SHE Risk Management, Operational Risk Management
Industry: Energy
Nighthawk Intelligence
Product: DecisionTools Suite
Application: Private label credit card (PLCC) accounts for major electronics retailer
Industry: Finance
George Washington University
Product: @RISK & RISKOptimizer
Application: Debt Portfolios, Capital Investments
Industry: Finance
AgustaWestland
Product: @RISK
Application: New product development, feasibility studies, business initiatives
Industry: Aerospace
KSU College of Veterinary Medicine
Product: @RISK
Application: Biosecurity to Avoid Disease Introduction
Industry: Agriculture
RoseCap Investment Advisors
Product: @RISK
Application: Valuation of Direct Investment
Industry: Finance/Banking
Performance Thinking & Technologies
Product: @RISK & RISKOptimizer
Application: Hedge Fund management
Industry: Finance
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
EpiX Analytics
Product: @RISK
Application: Health and food safety
Illinois State University
Product: @RISK
Application: Real Options and Finance
INCAE Business School
Product: @RISK
Application: Finance and Capital Markets
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
Technical University of Denmark
Product: @RISK
Application: Transportation research
University of Houston
Product: DecisionTools Suite
Application: Managerial Decision Making
University of Toronto
Product: DecisionTools Suite
Application: Financial Management
University of Pennsylvania
Product: DecisionTools Suite
Application: Organizational Dynamics
Swinburne University of Technology
Product: @RISK
Application: Venture Capital Management
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
BC Hydro
Product: @RISK
Application: Project Analysis
Bigen Africa
Product: @RISK
Application: Demand and Cost Forecasting
Blade Energy
Product: @RISK
Application: Drilling Productivity
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
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
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

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

SEE ALSO: INDUSTRY MODELS
» Energy Models

Finance
Albert Fensterstock Associates
Product: NeuralTools
Application: Credit and debt risk analysis
Benemerita Universidad Autonoma de Puebla
Product: @RISK
Application: Derivatives Pricing
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
Merck
Product: @RISK
Application: Value-at-Risk Exchange Rate
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
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
Benemerita Universidad Autonoma de Puebla
Product: @RISK
Application: Derivatives Pricing
Industry: Finance
City of Edmonton / SMA Consulting
Product: @RISK
Application: Project management
Industry: Transportation / Government
Albert Fensterstock Associates
Product: NeuralTools
Application: Credit and debt risk analysis
Industry: Finance
Deloitte
Product: @RISK
Application: Cell Captive Insurance
Industry: Insurance/Reinsurance
Visual Reporting / Danish Government / Agency for Digitisation
Product: @RISK
Application: Government / IT
Industry: Risk assessment of major IT projects
DNV GL
Product: @RISK
Application: Project Risk Management, Enterprise Risk Management, SHE Risk Management, Operational Risk Management
Industry: Energy
Nighthawk Intelligence
Product: DecisionTools Suite
Application: Private label credit card (PLCC) accounts for major electronics retailer
Industry: Finance
George Washington University
Product: @RISK & RISKOptimizer
Application: Debt Portfolios, Capital Investments
Industry: Finance
AgustaWestland
Product: @RISK
Application: New product development, feasibility studies, business initiatives
Industry: Aerospace
KSU College of Veterinary Medicine
Product: @RISK
Application: Biosecurity to Avoid Disease Introduction
Industry: Agriculture
RoseCap Investment Advisors
Product: @RISK
Application: Valuation of Direct Investment
Industry: Finance/Banking
Performance Thinking & Technologies
Product: @RISK & RISKOptimizer
Application: Hedge Fund management
Industry: Finance
DecisionTools Suite Cases
Aspinall & Associates
Industry: Environment
Application: Disaster Planning
Bristol’s Environmental Risk Research Centre (BRISK)
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
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
Procter & Gamble
Industry: Academic
Application: Production Siting, New Product Analysis, Exchange Rate Analysis, Real Options
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 Houston
Industry: Energy, Finance, Medical, and more
Application: Managerial Decision Making
University of Toronto
Industry: Academic
Application: Financial Management
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
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
ARC of Yates
Industry: Non-Profit
Application: Budget Forecasting
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
Cambridge University
Industry: Academic
Application: Climate Change
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
Deloitte
Industry: Insurance/Reinsurance
Application: Cell Captive Insurance
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
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
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
Application: Real Options and Finance
INCAE Business School
Industry: Academic
Application: Finance and Capital Markets
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
Larsen & Toubro Institute of
Project Management

Industry: Manufacturing
Application: Project Management
Merck
Industry: Finance/Banking
Application: Value-at-Risk Exchange Rate
Missouri University of Science and Technology
Industry: Academic
Application: Mining Engineering
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
Pantektor AB
Industry: Construction
Application: Fire Risk Mitigation
Pareto Solutions
Industry: Government
Application: Budget Projection
Petrobras
Industry: Energy
Application: Exploration & Production
Post Danmark / PricewaterhouseCoopers
Industry: Government
Application: Insurance Premium Reduction
RisqWorx
Industry: Property
Application: Calculating investment risk and ROI
Royal Veterinary College
Industry: Medical
Application: Disease Prevention
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
RoseCap
Industry: Finance/Banking
Application: Valuation of Direct Investment
Solvĕre
Industry:Transportation
Application: Transportation Infrastructure
Swinburne University of Technology
Industry:Academic
Application: Venture Capital 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
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 Pennsylvania
Industry: Academic
Application: Organizational Dynamics
University of Tokyo
Industry: Agriculture
Application: Food safety, detection of BSE
Value Management Strategies, Inc.
Industry: Government, Manufacturing
Application: Project management, cost estimation, event risk
Visual Reporting / Danish Government / Agency for Digitisation
Industry: Government, IT
Application: Risk assessment of major IT projects
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


Project Portfolio Management at Novartis Pharma

Finance
Albert Fensterstock Associates
Product: NeuralTools
Application: Credit and debt risk analysis
Benemerita Universidad Autonoma de Puebla
Product: @RISK
Application: Derivatives Pricing
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
Merck
Product: @RISK
Application: Value-at-Risk Exchange Rate
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
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

In an award-winning case study, researchers at the London Business School used @RISK, PrecisionTree, and RISKOptimizer to demonstrate some of the analytical techniques used by Novartis for R&D project selection and prioritization.

R&D project selection and prioritization problems are a recurrent issue of strategic importance for Novartis. In the pharmaceutical industry, project portfolio decisions are crucial to the viability and success of a company, and require huge investment commitments. The case study developed by the LBS researchers illustrates the usefulness of management science methods for this purpose. In particular, decision analysis, simulation and optimization are used to analyze and optimize project portfolio decisions. This is relevant in today’s pharmaceutical industry, as it is facing an increasingly tough environment and needs to improve the quality of decision-making in order to maintain profitability.

The London Business School case starts with an overview of the pharmaceutical industry and the challenges in the drug development process, including the massive required R&D investments, possibility of failure, and commercial uncertainty. Subsequently, the case discusses the work performed by the project portfolio group at Novartis. In other pharma companies, this group is sometimes referred to as the “project management group” or the “decision analysis group.” They collect the project data and requirements submitted by the individual therapy areas and collate them to analyze the global company portfolio. The case reports Novartis’s decision process, focusing on the role of the Innovation Management Board (IMB), which takes the portfolio decisions at Novartis Pharma. It also presents an extensive discussion of the issues in project portfolio management.

The London Business School case study won the 2004 INFORMS Case Competition, a prestigious competition for the best case study in Operations Research/Management Science, organized by the Institute for Operations Research and Management Science.

» @RISK
» PrecisionTree
» For a copy of the case study, email Bert de Reyck at the London Business School.

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