Case Studies by Industry

Case Studies by Product

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  The DecisionTools Suite   l   @RISK     BigPicture   l   PrecisionTree   l   NeuralTools  
  StatTools   l   Evolver   l   RISKOptimizer     @RISK for Project   l   Developer Kits  

Case Studies by Industry

Case Studies by Product

  Recently Added     Academic     Aerospace     Agriculture     Construction     Energy & Utilities     Environment     Finance/Banking     Gov't/Defense     Healthcare/Pharmaceutical     Insurance/Reinsurance     Legal     Manufacturing     Mining     Non-Profit     Six Sigma     Telecommunications     Transportation  

  Recently Added     The DecisionTools Suite     @RISK     BigPicture     PrecisionTree     NeuralTools   StatTools     Evolver     RISKOptimizer     @RISK for Project     Developer Kits  

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

Kinder Morgan / Riskcore Ltd.
Product: @RISK
Application: Modelling project cost contingency and escalation

L.E. Peabody & Associates
Product: @RISK
Application: Real Option Valuations of Power Plants

Major Utility in Eastern US
Product: The DecisionTools Suite
Application: Load Forecasting

Metaproject
Product: @RISK, PrecisionTree
Application: Rescue Operations

National Grid UK
Product: @RISK
Application: Modeling electricity network restoration

Northern Indiana
Public Service Company
Product: @RISK, Evolver, RISKOptimizer
Application: Pricing, Production Allocation for Regulation Compliance

Petrobras
Product: @RISK
Application: Exploration & Production

Red Leaf Resources
Product: @RISK
Application: Developing new oil shale technologies

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

Sinopec Engineering (Group) Co., Ltd (SEG)
Product: @RISK
Application: Evaluate petroleum and petrochemical projects valued over US$100m

Tesla Consultants
Product: @RISK
Application: Assessing Needs for Equipment Upgrades

Throughput Professionals
Product: @RISK
Application: Refinery Optimization

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

Recently Added

HealthCare Appraisers Inc.
Product: @RISK
Application: Modeling Business Valuation Scenarios for a Surgery Center
Industry: Healthcare/Pharmaceutical

Ascendion Law
Product: PrecisionTree
Application: Estimating Outcomes of Litigation
Industry: Legal

Stronger Christchurch Infrastructure Rebuild Team (SCIRT)
Product: @RISK
Application: Infrastructure Cost Estimation
Industry: Construction

Throughput Professionals
Product: @RISK
Application: Refinery Optimization
Industry: Energy & Utilities

Johns Hopkins, Mayo Clinic, and Interdisciplinary Solutions
Product: @RISK
Application: Pandemic Preparedness
Industry: Healthcare/Pharmaceutical

Kinder Morgan / Riskcore Ltd.
Product: @RISK
Application: Modelling project cost contingency and escalation
Industry: Energy & Utilities

Federal Home Loan Bank of Indiana
Product: @RISK
Application: Portfolio Credit Risk
Industry: Finance/Banking

Red Leaf Resources
Product: @RISK
Application: Developing new oil shale technologies
Industry: Energy & Utilities

Sinopec Engineering (Group) Co., Ltd (SEG)
Product: @RISK
Application: Evaluate petroleum and petrochemical projects valued over US$100m
Industry: Energy

Tesla Consultants
Product: @RISK
Application: Assessing Needs for Equipment Upgrades
Industry: Utilities

University of Adelaide
Product: @RISK
Application: Prediction of metal corrosion in salt water
Industry: Academic

University of Tasmania
Product: @RISK
Application: Evaluating production strategies for salmon farming
Industry: Agriculture/Aquaculture

National Grid UK
Product: @RISK
Application: Modeling electricity network restoration performance
Industry: Energy & Utilities

Solis Financial Forensics LLC
Product: @RISK
Application: Projecting Economic Damages for Attorneys Involved in Complex Lawsuits
Industry: Financial Forensics

CONTI-Group
Product: @RISK
Application: Financial Planning for Shipping Investment Funds
Industry: Shipping/Transport

Major Utility in Eastern US
Product: The DecisionTools Suite
Application: Load Forecasting
Industry: Utilities

Amway
Product: Custom Development
Application: Long-Range Capacity Planning
Industry: Manufacturing

L.E. Peabody & Associates
Product: @RISK
Application: Real Option Valuations of Power Plants
Industry: Energy & Utilities

Louisiana Department of Health
Product: Custom Development
Application: Large-scale Hospital Evacuation Planning
Industry: Government

Pellegrino & Associates
Product: @RISK
Application: Intellectual Property Valuation
Industry: Finance

Integral Consulting
Product: @RISK
Application: Mine Remediation
Industry: Environmental

University Of Victoria
Product: @RISK
Application: Lifetime Excess Cancer Risk
Industry: Academic

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

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 Adelaide
Product: @RISK
Application: Prediction of metal corrosion in salt water

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 Victoria
Product: @RISK
Application: Lifetime Excess Cancer Risk

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

Aerospace

AgustaWestland
Product: @RISK
Application: New product development, feasibility studies, business initiatives

Lockheed Martin / NASA
Product: @RISK
Application: Schedule risk assessment

ProjectPMO
Product: @RISK
Application: Schedule and Cost Risk, Project Management

Thales Group
Product: @RISK
Application: Market Feasibility

Agriculture

Cal Poly, San Luis Obispo
Product: DecisionTools Suite
Application: Financial Risk Management in Agriculture

Cornell University
Product: @RISK
Application: Agriculture Policy Assessment

Kewpie Corporation and University of Tokyo
Product: @RISK
Application: Food Safety

KSU College of Veterinary Medicine
Product: @RISK
Application: Biosecurity to Avoid Disease Introduction

University of Arkansas
Product: @RISK
Application: Analyzing Hybrid Varieties of Rice Crops

University of Buenos Aires
Product: @RISK
Application: Agricultural Investment

University of Tasmania
Product: @RISK
Application: Evaluating Financial Risk in new Salmon Farming Scenarios

University of Tokyo
Product: @RISK
Application: Food safety, Detection of BSE

Western Australia
Department of Agriculture
Product: NeuralTools
Application: Wool Pricing

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

Construction

Murray & Roberts
Product: @RISK
Application: Evaluating enterprise risks using risk modelling for a cash flow based approach

Pantektor AB
Product: @RISK
Application: Fire Risk Mitigation

Patrick Engineering / MBTA
Product: @RISK
Application: Cost and Schedule Risk Analysis

PragmaRisk
Product: DecisionTools Suite
Application: Project cost and schedule risk analysis

RD&I Consulting
Product: @RISK
Application: Fehmarn Belt Fixed Link

Stronger Christchurch Infrastructure Rebuild Team (SCIRT)
Product: @RISK
Application: Infrastructure Cost Estimation

Wright Homes
Product: @RISK
Application: Real Estate Development

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

Kinder Morgan / Riskcore Ltd.
Product: @RISK
Application: Modelling project cost contingency and escalation

L.E. Peabody & Associates
Product: @RISK
Application: Real Option Valuations of Power Plants

Major Utility in Eastern US
Product: The DecisionTools Suite
Application: Load Forecasting

Metaproject
Product: @RISK, PrecisionTree
Application: Rescue Operations

National Grid UK
Product: @RISK
Application: Modeling electricity network restoration

Northern Indiana
Public Service Company
Product: @RISK, Evolver, RISKOptimizer
Application: Pricing, Production Allocation for Regulation Compliance

Petrobras
Product: @RISK
Application: Exploration & Production

Red Leaf Resources
Product: @RISK
Application: Developing new oil shale technologies

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

Sinopec Engineering (Group) Co., Ltd (SEG)
Product: @RISK
Application: Evaluate petroleum and petrochemical projects valued over US$100m

Tesla Consultants
Product: @RISK
Application: Assessing Needs for Equipment Upgrades

Throughput Professionals
Product: @RISK
Application: Refinery Optimization

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

AECOM
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

Integral Consulting
Product: @RISK
Application: Mine Remediation

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

Federal Home Loan Bank of Indiana
Product: @RISK
Application: Portfolio Credit Risk

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

Government/Defense

Department of Energy and Climate Change
Product: @RISK
Application: Carbon emission forecasts

ENGCOMP
Product: @RISK
Application: Budgeting

Gemeente Hoorn
Product: @RISK
Application: Urban Planning

Pareto Solutions
Product: @RISK
Application: Budget Projection

Her Majesty's Prison Service
Product: @RISK
Application: Cash Flow Analysis

Katrina Disaster Response Center
Product: @RISK
Application: Disaster Response Planning

Kuwait Environment Public Authority
Product: @RISK
Application: Air Quality

Louisiana Department of Health
Product: Custom Development
Application: Large-scale Hospital Evacuation Planning

Post Danmark / PricewaterhouseCoopers
Product: @RISK
Application: Insurance Premium Reduction

Shanghai Food and Drug Administration
Product: @RISK
Application: Food safety, monitoring contaminants

UK Ministry of Defence
Product: @RISK
Application: Project Management

US Army Materiel Systems Analysis Activity (AMSAA)
Product: @RISK
Application: Schedule and Cost Risk for Acquisitions

Value Management Strategies, Inc.
Product: @RISK
Application: Project management, cost estimation, event risk

READ ALSO
In Environment:

Halcrow Group Ltd /
UK Environment Agency
Product: @RISK
Application: Flood Management

U.S. Government departments with Palisade software licenses

Medical

Biswas X-Ray and Scan Centre
Product: NeuralTools
Application: Enhancement of MRIs

Biswas X-Ray and Scan Centre
Product: NeuralTools
Application: Enhancement of MRIs

Captum Capital
Product: The DecisionTools Suite
Application: rNPV of New Companies and Technologies

HealthCare Appraisers Inc.
Product: @RISK
Application: Modeling Business Valuation Scenarios for a Surgery Center

Johns Hopkins, Mayo Clinic, and Interdisciplinary Solutions
Product: @RISK
Application: Pandemic Preparedness

Katharinenhospital Stuttgart
Institute for Pathology
Product: NeuralTools
Application: Medical Diagnosis

New York City Department
of Health and Mental Hygiene
Product: @RISK, RISKOptimizer
Application: Future Pandemic Planning

Richmond Hospital System
Product: NeuralTools, StatTools
Application: Forecasting Patient Load

Royal Veterinary College
Product: @RISK
Application: Disease Prevention

University of California San Diego School of Medicine
Product: DecisionTools Suite
Application: Public Health screening

University of Texas Southwestern Medical Center
Product: @RISK
Application: Evaluating kidney function for organ transplant

READ ALSO
In Finance:

London Business School /
Novartis Pharmaceutical
Product: @RISK, PrecisionTree, RISKOptimizer, DecisionTools Suite
Application: Portfolio Planning

Merck
Product: @RISK, BestFit
Application: Value-at-Risk Exchange Rate

In Government:

Pareto Solutions
Product: @RISK
Application: Budget Projection

Insurance

African Risk Capacity (ARC)
Product: @RISK
Application: Assessing Catastrophic Drought Risk

CP Risk Solutions/
Illinois State University
Product: @RISK
Application: Reinsurance Strategy

Deloitte
Product: @RISK
Application: Cell Captive Insurance

Deloitte AIS
Product: @RISK
Application: Financial Planning for Environmental Rehabilitation

Scottsdale Insurance Company
Product: @RISK
Application: Comparing commercial properties; RAROC

Society of Actuaries /
Casualty Actuary Society
Product: @RISK
Application: Pension and Insurance Planning

READ ALSO
In Government:

Post Danmark /
PricewaterhouseCoopers
Product: @RISK
Application: Insurance Premium Reduction

SEE ALSO: INDUSTRY MODELS
» Insurance Models

Manufacturing

Amway
Product: @RISK
Application: Long-Range Capacity Planning

Antea Group
Product: @RISK
Application: Cost Justification of Water Recycling Systems

Corus Steel
Product: @RISK
Application: Factory Shutdown

Graphic Era University
Product: @RISK
Application: Supply Chain Management

Hitachi Solutions
Product: @RISK Developer Kit (RDK)
Application: Value at Risk (VaR)

JB Scherer Consulting Group LLC
Product: @RISK
Application: Future Net Income Forecasting

Larsen & Toubro Institute of
Project Management
Product: @RISK
Application: Project Management

Mettler Consulting
Product: Evolver, @RISK
Application: Enterprise Resource Planning

Novelis
Product: The DecisionTools Suite
Application: Project Evaluation

Preformed Line Products
Product: @RISK
Application: Tolerance Stacking

SzigmaSzervíz Ltd
Product: @RISK
Application: Project Management

Unilever
Product: DecisionTools Suite
Application: Product launch, capex, and many others

READ ALSO
In Finance:

Procter & Gamble
Product: @RISK, PrecisionTree, DecisionTools Suite
Application: Production Siting, New Product Analysis, Exchange Rate Analysis, Real Options

In Six Sigma:

Cummins Inc.
Product: @RISK
Application: Six Sigma Quality Analysis

Met-Mex Peñoles
Product: Evolver, @RISK
Application: Six Sigma Quality Analysis

Mining

Broadleaf Capital International
Product: @RISK
Application: Schedule and Cost Risk, Project Management

First Principles Consulting
Product: BigPicture
Application: Value Driver Trees of Management and Operational Processes

Metaproject
Product: PrecisionTree
Application: Rescue Operations

Non-Profit

ARC of Yates
Product: @RISK
Application: Budget Forecasting

Linksbridge SPC
Product: DecisionTools Suite, PrecisionTree
Application: Evaluating Efficacy of Public Health Initiatives

READ ALSO
In Government:

Pareto Solutions
Product: @RISK
Application: Budget Projection

In Environment:

World Conservation Union
Product: @RISK, PrecisionTree, DecisionTools Suite
Application: Endangered Species Protection

Six Sigma

Cummins Inc.
Product: @RISK
Application: Six Sigma Quality Analysis

Met-Mex Peñoles
Product: DecisionTools Suite
Application: Six Sigma Design of Experiments

SEE ALSO: INDUSTRY MODELS
» Six Sigma Models

Telecommunications

MegaFon
Product: DecisionTools Suite
Application: Enterprise Risk Management

Shipping / Transport

Centre for Traffic
& Transport, Denmark
Product: @RISK
Application: Transportation Planning

CONTI-Group
Product: @RISK
Application: Financial Planning for Shipping Investment Funds

City of Edmonton / SMA Consulting
Product: @RISK
Application: Project management

Commercial airline
Product: NeuralTools
Application: Demand and Pricing Elasticity

DNV GL SE
Product: DecisionTools Suite
Application: Risk and cost-benefit analysis to enhance the safety of ships and ship systems

Federal Highway Adminstration
Product: @RISK
Application: Pavement Cost Analysis

Fort McMurray Airport Authority (FMAA) / Revay and Associates Ltd.
Product: @RISK
Application: Enterprise Risk Management (ERM)

Gannett Fleming
Product: @RISK for Project
Application: Regulation Compliance in Public Transit Projects

Logion BV
Product: @RISK, TopRank, BestFit, DecisionTools Suite
Application: Transportation, Distribution, and Inventory Management

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

Slovak Rail Company
Product: @RISK
Application: Capital Investment

Solvĕre
Product: @RISK
Application: Infrastructure PPP projects

Transae/Réseau Ferré de France
Product: @RISK
Application: PPP rail project financing

Transnet
Product: @RISK
Application: Freight transport

Recently Added

HealthCare Appraisers Inc.
Product: @RISK
Application: Modeling Business Valuation Scenarios for a Surgery Center
Industry: Healthcare/Pharmaceutical

Ascendion Law
Product: PrecisionTree
Application: Estimating Outcomes of Litigation
Industry: Legal

Stronger Christchurch Infrastructure Rebuild Team (SCIRT)
Product: @RISK
Application: Infrastructure Cost Estimation
Industry: Construction

Throughput Professionals
Product: @RISK
Application: Refinery Optimization
Industry: Energy & Utilities

Johns Hopkins, Mayo Clinic, and Interdisciplinary Solutions
Product: @RISK
Application: Pandemic Preparedness
Industry: Healthcare/Pharmaceutical

Kinder Morgan / Riskcore Ltd.
Product: @RISK
Application: Modelling project cost contingency and escalation
Industry: Energy & Utilities

Federal Home Loan Bank of Indiana
Product: @RISK
Application: Portfolio Credit Risk
Industry: Finance/Banking

Red Leaf Resources
Product: @RISK
Application: Developing new oil shale technologies
Industry: Energy & Utilities

Sinopec Engineering (Group) Co., Ltd (SEG)
Product: @RISK
Application: Evaluate petroleum and petrochemical projects valued over US$100m
Industry: Energy

Tesla Consultants
Product: @RISK
Application: Assessing Needs for Equipment Upgrades
Industry: Utilities

University of Adelaide
Product: @RISK
Application: Prediction of metal corrosion in salt water
Industry: Academic

University of Tasmania
Product: @RISK
Application: Evaluating production strategies for salmon farming
Industry: Agriculture/Aquaculture

National Grid UK
Product: @RISK
Application: Modeling electricity network restoration performance
Industry: Energy & Utilities

Solis Financial Forensics LLC
Product: @RISK
Application: Projecting Economic Damages for Attorneys Involved in Complex Lawsuits
Industry: Financial Forensics

CONTI-Group
Product: @RISK
Application: Financial Planning for Shipping Investment Funds
Industry: Shipping/Transport

Major Utility in Eastern US
Product: The DecisionTools Suite
Application: Load Forecasting
Industry: Utilities

Amway
Product: Custom Development
Application: Long-Range Capacity Planning
Industry: Manufacturing

L.E. Peabody & Associates
Product: @RISK
Application: Real Option Valuations of Power Plants
Industry: Energy & Utilities

Louisiana Department of Health
Product: Custom Development
Application: Large-scale Hospital Evacuation Planning
Industry: Government

Pellegrino & Associates
Product: @RISK
Application: Intellectual Property Valuation
Industry: Finance

Integral Consulting
Product: @RISK
Application: Mine Remediation
Industry: Environmental

University Of Victoria
Product: @RISK
Application: Lifetime Excess Cancer Risk
Industry: Academic

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

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

Major Utility in Eastern US
Industry: Utilities
Application: Load Forecasting

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

Amway
Services Limited
Industry: Manufacturing
Application: Long-Range Capacity Planning

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

AECOM
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

CONTI-Group
Industry: Shipping/Transport
Application: Financial Planning for Shipping Investment Funds

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

Federal Home Loan Bank of Indiana
Industry: Finance
Application: Portfolio Credit Risk

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

Graphic Era University - Dehradun
Industry: Manufacturing
Application: Supply Chain Management

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

HealthCare Appraisers Inc.
Industry: Healthcare/Pharmaceuticals
Application: Modeling Business Valuation Scenarios for a Surgury Center

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

Integral Consulting
Industry: Environment
Application: Mine Remediation

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

Johns Hopkins, Mayo Clinic, and Interdisciplinary Solutions
Industry: Medical
Application: Pandemic Preparedness

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

Kinder Morgan / Riskcore Ltd.
Industry: Energy & Utilities
Application: Modelling project cost contingency and escalation

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

L.E. Peabody & Associates
Industry: Energy & Utilities
Application: Real Option Valuations of Power Plants

Lockheed Martin / NASA
Industry: Aerospace
Application: Schedule risk assessment

Louisiana Department of Health
Industry: Government
Application: Large-scale Hospital Evacuation Planning

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

National Grid UK
Industry: Energy & Utilities
Application: Modeling electricity network restoration performance

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 / MBTA
Industry: Construction
Application: Cost and Schedule Risk Analysis

RD&I Consulting
Industry: Construction
Application: Fehmarn Belt Fixed Link

Pellegrino & Associates
Industry: Finance
Application: Intellectual Property Valuation

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

Red Leaf Resources
Industry: Energy & Utilities
Application: Developing new oil shale technologies

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

Sinopec Engineering (Group) Co., Ltd (SEG)
Industry: Energy
Application: Evaluate petroleum and petrochemical projects valued over US$100m

Slovak Rail Company
Industry: Transportation
Application: Capital Investment

Society of Actuaries/
Casualty Actuary Society
Industry: Insurance/Reinsurance
Application: Pension and Insurance Planning

Solis Financial Forensics LLC
Industry: Financial Forensics
Application: Projecting Economic Damages for Attorneys Involved in Complex Lawsuits.

Solvĕre
Industry: Transportation
Application: Transportation Infrastructure

Stronger Christchurch Infrastructure Rebuild Team (SCIRT)
Industry: Construction
Application: Infrastructure Cost Estimation

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

Tesla Consultants, Delta Utilities
Industry: Utilities
Application: Assessing Needs for Equipment Upgrades

Thales Group
Industry: Manufacturing
Application: Market Feasibility

Throughput Professionals
Industry: Energy & Utilities
Application: Refinery Optimization

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 Adelaide
Industry: Academic
Application: Prediction of metal corrosion in salt water

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 Tasmania
Industry: Agriculture/Aquaculture
Application: Evaluating production strategies for salmon farming

University of Tokyo
Industry: Agriculture
Application: Food safety, detection of BSE

University Of Victoria
Industry: Academic
Application: Lifetime Excess Cancer Risk

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

BigPicture Cases

First Principles Consulting
Industry: Mining / Consulting
Application: Value Driver Trees of Management and Operational Processes

PrecisionTree Cases

Ascendion Law
Industry: Legal
Application: Estimating Outcomes of Litigation

Bucknell University
Industry: Academic
Application: Technology Implementation

READ ALSO:
In DecisionTools Suite:

Aspinall & Associates
Industry: Environment
Application: Disaster Planning

Enex
Industry: Energy
Application: Geothermal Power Plant Equipment Procurement

London Business School /
Novartis Pharmaceutical
Industry: Financing/Banking
Application: Portfolio Management

Metaproject
Industry: Mining
Application: Rescue Operations

Procter & Gamble
Industry: Finance
Application: Production Siting, New Product Analysis, Exchange Rate Analysis, Real Options

Triangle Economic Research
Industry: Environment
Application: Pollution Cleanup

World Conservation Union
Industry: Environment
Application: Endangered Species Protection

NeuralTools Cases

Albert Fensterstock Associates
Industry: Finance
Application: Credit and debt risk analysis

Biswas X-Ray and Scan Centre
Industry: Healthcare/Pharma
Application: Enhancement of MRIs

Commercial airline
Industry: Transportation
Application: Demand and Pricing Elasticity

Katherinenhospital Stuttgart
Institute for Pathology
Industry: Medical
Application: Medical Diagnosis

Western Australia
Department of Agriculture
Industry: Agriculture
Application: Wool Pricing

Richmond Hospital System
Industry: Healthcare/Pharmaceutical
Application: Forecasting Patient Load

StatTools Cases

Pace University
Industry: Academic
Application: Operations Research

READ ALSO:

In NeuralTools:

Richmond Hospital System
Industry: Healthcare/Pharmaceutical
Application: Forecasting Patient Load

Evolver Cases

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

READ ALSO:

In @RISK:

Northern Indiana
Public Service Company
Industry: Energy
Application: Pricing, Production Allocation for Regulation Compliance

RISKOptimizer Cases

New York City Department
of Health and Mental Hygiene
Industry: Medical
Application: Future Pandemic Planning

Performance Thinking & Technolgies
Industry: Finance
Application: Hedge Fund management

SEE:
In DecisionTools Suite:

London Business School /
Novartis Pharmaceutical
Industry: Financing/Banking
Application: Portfolio Management

SEE:
In @RISK:

Northern Indiana
Public Service Company
Industry: Energy
Application: Pricing, Production Allocation for Regulation Compliance

@RISK for Project

Gannett Fleming
Industry: Transportation
Application: Regulation Compliance in Public Transit Projects

Developer Kits Cases

Hitachi Solutions
Industry: @RISK Developer Kit (RDK)
Application: Value at Risk (VaR)

IHS Energy Group
Industry: Energy
Application: Exploration, Drilling, and Production Analysis

London Underground / Istria
Industry: Transportation
Application: Transportation Safety and Investments

RiskAdvisory
Industry: Energy
Application: Energy Production and Pricing

RiskAdvisory of Calgary, Alberta is a consulting and software firm that helps mid-size utilities get a handle on the many uncertainties that underpin every aspect of their operations--how much energy to produce, when to produce it, and how to price it. The software development side of the company, which is soon to achieve status as an independent company, provides customers with a fully integrated risk management package that includes front, middle, and back office functions. In the now-deregulated environment in which the utilities compete, accounting for risk in all these operations is a tall order and requires mammoth simulations.

Parker Sjogren came to RiskAdvisory to assist the development team in creating the new Monte Carlo component of their Energy Bookrunner application -- software that can efficiently accommodate mountains of detailed data on power generation, deals, and market conditions using both sampling logic and business logic. The resulting "Earnings-at-Risk" information that the software provides is used by utility clients to guide many complex decisions.

To effectively take into account all the required risk factors, RiskAdvisory turned to the @RISK Developer Kit (RDK) for its powerful Monte Carlo simulation engine. When Parker first began experimenting with the RDK to incorporate the simulation model into the Oracle based system, the software ground through the huge wall of data in five days running on a high-end PC. Though impressive, this did not meet client needs for up-to-the-minute information. So Parker consulted with Palisade technical staff and began using the new RDK 4.0. With strong technical assistance from Palisade, the five-day wall was reduced to run the huge models in under 3 hours - more than forty times faster than before!

Mike Busby, the risk management specialist who works directly with the utilities executives, says this new speed is essential to utilities decision makers. In less than three hours, the software can process historical data on generator portfolio and load requirement for a plant with 18 generators, running 10,000 iterations for each month of a given year, and project a distribution of outcomes. The ability to see literally tens of thousands of possible scenarios - and their likelihood of occurrence -- with so many diverse variables has proven invaluable. In the tumult of today's energy markets, Busby says, "It helps people sleep at night."

» @RISK
» RiskAdvisory