Palisade Corporation
Palisade DecisionTools Suite version 6 Now Available!

Palisade DecisionTools Suite
version 6.0 Now Available!

Improvements for Project Management and more!
New DecisionTools Suite version 6.0 includes a wide range of improvements, including powerful new integration of @RISK with Microsoft Project that allows you to perform risk analysis and Monte Carlo simulation on your Microsoft Project schedules – all from the @RISK for Excel platform! @RISK also adds simulation of time series models, easier-to-understand tornado charts to identify risk drivers, better graphing options, improved distribution fitting, and new distribution functions.

But there’s more to DecisionTools Suite 6.0 than just @RISK. PrecisionTree 6.0 adds powerful Bayesian revision and the ability to insert nodes anywhere in a tree. RISKOptimizer and Evolver 6.0 now include the OptQuest solving engine for even faster solutions on many types of models. RISKOptimizer, which has always shared functions with @RISK, is now even more tightly integrated with @RISK for seamless modeling. And StatTools and NeuralTools have added improvements to scatter plots and sensitivity analysis to the testing of neural nets.

» See What’s New in DecisionTools Suite 6.0
» Palisade Academic Software
 

Palisade 2012 Risk Conference
Mandalay Bay Resort and Casino, Las Vegas
November 7th-8th

Now is the time to participate in the Palisade Risk Conference Las Vegas. In its seventh year and attracting more people every time, the Palisade Risk Conference has become the “must attend” event for professionals dealing with risk in any industry. Over the course of two days, industry experts will present a selection of over 20 real-world case studies about innovative and interesting approaches to managing risk and uncertainty in a wide range of business applications. The event will also include more than a dozen practical software workshops and training classes. In addition, we’ll explore exciting new features in @RISK and DecisionTools Suite software that will make risk modeling and analysis more accessible – and powerful – than ever.

Please contact academic@palisade.com to register, or call 607-277-8000 X323.

» Learn More
 

@RISK You have a great product. I introduce it
      to nearly all of my students each year.
Trial Versions

                                  Dr. John Daley, Instructor of Finance,                                   University of Colorado, Denver

Recent School Adoptions

Over 60,000 students use the DecisionTools Suite annually in their MBA and graduate level programs. In 2011, over 800 universities worldwide adopted the DecisionTools Suite. Professors in business, engineering, OR, and other fields keep their students on the cutting edge by teaching the latest analytical techniques from Palisade. Some major schools with programs and courses that standardized on the DecisionTools Suite last month include:

US and Canada:

  Carnegie Mellon University
Cornell University
Florida International University
George Washington University
New York University
Oklahoma State University
Penn State University
Purdue University
St. John's University
Syracuse University
Texas A&M University
The University of Texas at Austin
United States Military Academy
University of Arkansas
University of Manitoba
University of Michigan
University of Wisconsin
University of Wisconsin, Madison
Yale School of Management
Yale University


International:

  Associação Paranaense de Cultura - Brazil
Bournemouth University – United Kingdom
Carnegie Mellon University - Qatar
CATIE Centro Agronómico Tropical de
   Investigación y Enseñanza - Costa Rica
Copenhagen Business School – United Kingdom
Fundação Univ. José Bonifácio - Brazil
Instituto Tecnologico y de Estudios Superiores
   de Monterrey - Mexico
ITESM-Campus Puebla - Mexico
Mahidol University - Thailand
Nanyang Technological University – Singapore
Queensland University of Technology – Australia
University of Adelaide - Australia
University of Auckland - New Zeland
Universidad de Lima - Peru
Universidad La Salle - Mexico
Universidad Nacional Autónoma de Nicaragua,
   Managua - Nicaragua
Universidad ORT Uruguay - Uruguay
Licensing Options

There are three easy ways to get the DecisionTools Suite for your students:

 

Course Licenses available from Palisade. These are economical, annually renewing bulk licenses for both
network lab and laptop installation.
» Learn more

Student Versions from Palisade. These are 12-month versions available for purchase individually by students through either the Palisade web site or the school store.
» Learn more

Textbook Editions available bundled with textbooks.
These are time- and model-limited licenses.
» Learn more

Get DecisionTools Suite for your course by contacting:

AddressPalisade Academic Sales    
800-432-7475 / 607-277-8000
academic@palisade.com

@RISK Students find @RISK easy to use –
      it takes very little time to become
      proficient.
Trial Versions

                                  Professor Roy Nersesian
                                  Columbia University

Teaching Tips & Examples

The DecisionTools Suite is a great way to present quantitative techniques in a straightforward, easy-to-understand way. Each month we feature an example or tip illustrating how students can gain "real world" benefits by implementing quantitative analysis.

Managing a Stock Portfolio
Excerpted from Evolver Solutions for Business, 2nd Edition
by Roy Nersesian, published by Palisade Corporation

The 1980's were good years for the stock market. Year to year changes in the total return of various groups of industries, taken from the financial press, are shown below. Total return is price appreciation based on average prices for the year, plus dividend yield.

Palisade Corporation Download the example spreadsheet and
    step-by-step instructions

Tech Tip of the Month

Probability Distributions in your Worksheet

Uncertainty in an @RISK model is entered with distribution functions. You can choose from over thirty different functions when entering uncertainty in your spreadsheet. Each function describes a different type of probability distribution. The simplest functions are those such as RiskTriang(min,most likely,max) or RiskUniform(min,max) which take arguments specifying the minimum, most likely, or maximum possible value for the uncertain input. More complex functions take arguments specific to the distribution — such as RiskBeta(alpha,beta).

For more sophisticated models, @RISK allows you to set up distribution functions which use cell references and spreadsheet formulas for function arguments. Many powerful modeling features can be created by using these types of functions. For example, you can set up a group of distribution functions across a spreadsheet row, with the mean of each function determined by the value sampled for the prior function. Mathematical expressions can also be used as arguments for distribution functions.

Textbook of the Month

The DecisionTools Suite is included in dozens of major textbooks, and is a key component of more titles every year. Authors use the DecisionTools Suite to illustrate key analytical concepts and build examples demonstrating the value of quantitative techniques in business, OR, and engineering.

Modern Business Statistics
with Microsoft Excel
by David R. Anderson, Dennis J. Sweeney, and Thomas A. Williams
Published 2012

Give your students a balanced, conceptual understanding of statistics with a focus on real-world applications and the integrated strengths of Microsoft Excel 2010. The authoritative leader in modern business statistics, this best-selling comprehensive text carefully discusses and clearly develops each statistical technique in an application setting.

A wealth of timely business examples, proven methods, and additional exercises throughout this edition demonstrate how statistical results provide insights into business decisions and present solutions to contemporary business problems. High-quality problems noted for their unwavering accuracy and the authors’ signature problem-scenario approach clearly show how to apply statistical methods in practical business situations. Examples are included using PrecisionTree and StatTools.

» Learn more from the publisher
» View a list of books bundled with Palisade software

Featured White Paper

Professors, PhD candidates, practitioners and others often use the DecisionTools Suite as part of a complex analysis to address important problems. These analyses are published in white papers. Each month we will feature a different academic white paper addressing a wide range of issues.

Rainy Day Funds and Value at Risk
Gary C. Cornia and Ray D. Nelson, Brigham Young University
 
Because of either legal requirements or political expediency, most state governments must balance their budgets at the conclusion of each fiscal year. In most states, constitutional or statutory provisions mandate that collected revenues equal or exceed actual expenditures. In addition to legal requirements, political survival can depend on a balanced budget. Few governors or individual legislators can successfully run for reelection against the background of a deficit.

When unexpected shortfalls develop, states must take immediate steps to achieve a balanced outcome. Shortfalls are generally discovered well after the fiscal year has begun and opportunities to recall the legislature are limited. When confronted with unexpected revenue shortfalls, states can respond by using three basic approaches. First, they may increase tax revenue. Because of both timing and politics, however, the alternative of raising taxes is often impossible. Even in favorable situations, a decision to increase taxes is fraught with explosive political land mines that undermine virtually every effort.

Palisade Corporation  Read the full paper here

Academic Live Webcast

Experts using Palisade software share examples and teaching tips. Register online at no charge.

Using @RISK in Load and Resistance
Factor Design (LRFD) Approach
for Civil Engineering

To be presented by Naresh Samtani, NCS Consultants
October 25, 2012, 11:00am EDT (Eastern Daylight Time)

This free live webcast will introduce and discuss the LRFD approach and then demonstrate how @RISK can be used in LRFD context.

» Read more details about the webcast and register here

Portfolio Management using @RISK
To be presented by Matt Rosenberg, RoseCap Investment Advisors
November 15, 2012, 11:00am EST (Eastern Standard Time)

This free live webcast is intended to show the benefits of using Monte Carlo simulation in the processes of portfolio construction, and portfolio management for individuals, families and institutional investors. Topics will include a general overview of the portfolio management processes, as well as specific examples showing the use of @RISK for risk management within these processes.

» Read more details about the webcast and register here
 
» See complete Webcast schedule

Palisade Corporation

The Academic Global Leader in
Risk and Decision Analysis
Palisade Corporation is the world’s leading provider of risk and decision analysis software and solutions. Founded in 1984, its products @RISK and the DecisionTools Suite are used by over 95% of the Fortune 100, in nearly every industry around the world. Palisade is headquartered in New York State, and has offices in London, Sydney, Rio de Janeiro, and Tokyo.

What is The DecisionTools Suite?
The DecisionTools Suite is the world’s only integrated set of risk and decision analysis programs. The Suite includes @RISK for Monte Carlo simulation, PrecisionTree for decision trees, and TopRank for “what if” sensitivity analysis. In addition, DecisionTools Suite comes with StatTools for statistical analysis and forecasting, NeuralTools for predictive neural networks, and Evolver and RISKOptimizer for optimization. All programs work together seamlessly, and all integrate completely with Microsoft Excel for ease of use and maximum flexibility.

The Suite is offered in three affordable and flexible licensing options for those in academia: Student Versions, Course Licenses and Full Academic Versions.

» Schools using Palisade software
»
Textbooks using Palisade software

Story to Share?
We are always on the lookout for interesting content to add to our academic newsletter. Many of our academic users are involved in projects using our software which might have wide appeal and be of general interest. If you have a story to share, send it to: academic@palisade.com and we’ll consider it for an upcoming edition!
 

In This Issue

» Palisade DecisionTools
   Suite v6.0 Now Available!

» 2012 Palisade Risk
   Conference Las Vegas

» Recent School Adoptions

» Tech Tip
   Probability Distributions in
   your Worksheet

» Licensing Options

» Teaching Tips &
   Examples

   Managing a Stock Portfolio

» Textbook of the Month
   Modern Business Statistics
   with Microsoft Excel

» Featured White Paper
   Rainy Day Funds and
   Value at Risk

» Academic Live Webcasts
   Portfolio Management
   using @RISK
 
   Using @RISK in LRFD
   for Civil Engineering

» About Palisade and the
   DecisionTools Suite

» Story to Share?

Keep in Touch
Palisade CorporationPalisade CorporationPalisade CorporationPalisade CorporationPalisade Corporation

Palisade CorporationClick to chat live with
a sales representative


Risk Conferences

2012 Palisade Risk Conferences
Industry experts present real-world case studies, Palisade consultants deliver workshops and training, plus sessions on new version 6.0 of the DecisionTools Suite. Don't miss the opportunity to sign up for an Expert Session, in which you can have an expert review your model and answer questions, one-on-one, at no charge!
» London: 18-19 April
» Sydney: 29-30 May
» Las Vegas: 7-8 Nov

Events

» Training Seminars
Asia-Pacific
Sydney: 9-10 October
Perth: 13-14 November
Brisbane: 20-21 November
Melbourne: 4-5 December

Brazil
Belo Horizonte:
  19-21 de setembro
Rio de Janeiro:
  26-28 de setembro
Brasilia: 3-5 de outubro
Vitória: 24-25 de outubro
São Paulo: 7-9 de novembro
Curitiba: 21-23 de novembro

EMEA
München: 4-5 September
London: 18-20 September
Amsterdam: 1-2 October
London: 23-25 October
Oslo: 22-23 November

Latin America
Panamá: 17-19 de octubre
Santiago: 12-16 de noviembre

North America
Chicago: 9-11 October
Vancouver: 17-18 October
Washington, DC:
   23-24 October
Hartford: 14-15 November
Dallas: 27-29 November
 

» Live Web Training
Decision-Making and
Quantitative Risk Analysis
using @RISK
PART I

1-2 October, 9am-1pm ET

PART II
25-26 October, 9am-1pm ET

Using Decision Trees with
PrecisionTree to Add Insight
to Decisions

12 November, 1pm-5pm ET

Decision-Making and
Quantitative Risk Analysis
using the DecisionTools Suite
PART I

6-7 December, 11am-3pm ET

PART II
17-18 September, 9am-1pm ET
17-18 December, 11am-3pm ET

» Live Webcasts
These complimentary sessions are 30-60 minutes, held via web conference. See industry case studies, software demos, applications, and more.

Portfolio Management
using @RISK

September 20, 11:00am ET
Matt Rosenberg
RoseCap Investment Advisors
» Register

Trial Versions

Palisade software is available in fully functional trial versions. Try @RISK or any of our software today!

The DecisionTools Suite
The complete risk and
decision analysis toolkit

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@RISK
The world's most widely
used risk analysis tool
@RISK» @RISK for Excel
@RISK» @RISK for Project
@RISK» @RISK for Six Sigma

PrecisionTree
Visual decision analysis
for spreadsheets

NeuralTools
Sophisticated neural networks for spreadsheets

StatTools
Advanced statistical analysis for spreadsheets

Evolver
The Innovative Optimizer
for Windows


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Palisade Corporation
©2012 Palisade Corporation, visit www.palisade.com

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