The Palisade Academic
Quantifying Illegal Fishing in the Pacific Islands with @RISK

Quantifying Illegal Fishing in the Pacific Islands with @RISK

An international leader in the field of aquatic resource consulting, MRAG Asia Pacific, used Palisade's @RISK software to estimate the volume, species composition and value of illegal, unreported and unregulated fishing in Pacific islands tuna fisheries. The outcome of their study provided recommendations on ways to strengthen monitoring, control and surveillance arrangements, to help minimize the future financial impact of IUU on Pacific Island economies.

Illegal, unreported and unregulated (IUU) fishing is a global problem that results in significant financial losses every year. Previous attempts to estimate the damages put the value between US$707 million and more than US$1.5 billion per year in the Western Pacific Ocean area alone. However, IUU fishing by its very nature is secretive, making it extremely difficult to accurately quantify the nature and extent of potential damages, as well as plan for effective Monitoring, Control and Surveillance activities.

As part of a European Union-funded project, MRAG AP was commissioned to estimate the volume and value of IUU fishing in the tuna fisheries of the Pacific Islands region. The company took a ‘bottom up’ approach to the study, analysing detailed information at a local scale in an effort to build a more accurate picture of IUU fishing activity, particularly the variation in the nature and scale of IUU activity associated with each IUU risk in each main fishery. Estimates obtained in this way were then added together to develop an overall estimate of IUU catch and value.

According to Duncan Souter, CEO of MRAG AP, “The challenge with this approach is that it is time-consuming and information is often very patchy and hard to collect. There are therefore many gaps to fill that require analytical methodologies of varying degrees and complexity.” For this study, the company broke down the ‘IUU problem’ into discrete, quantifiable units – volume, species composition and value – before aggregating them up to produce a regional scale estimate.

“@RISK is very user friendly, considering the complex analytical techniques we were undertaking, and provided useful outputs that allowed clear presentation of our results,” said Souter.

» Read the complete case study here

How are you using Palisade software in your research and classroom? We'd love to hear your story.

Teaching Tips & Examples

London - April 27th - More information

Join us in London for a full day of intensive training and case studies in risk and decision analysis. This event is free to attend and promises to be an invaluable opportunity for broadening one's knowledge of risk modelling, and networking with decision-making professionals in a range of industries.

Benefits of Palisade Risk Conferences:

  • Get more from @RISK and the DecisionTools Suite - Get exposure to the latest techniques in risk and decision analysis so you can apply them to your own models.
  • Learn from experts - Sessions are taught by Palisade's consultants and trainers and industry pros.
  • Networking opportunities - Share ideas and speak with presenters, other attendees, and Palisade staff to gain valuable insight from many backgrounds.

» More about the London Conference

Teaching Tips & Examples

Delhi/NCR - April 19th - More information
The Oberoi, Gurgaon

Mumbai - April 20th - More information
Sofitel Mumbai BKC

Join us for a full day of hands-on software training at Palisade's Training Workshops in New Delhi, April 19th and Mumbai, April 20th. Learn about @RISK and The DecisionTools Suite software, and how quantitative risk analysis using Monte Carlo simulation can be applied to your problems, directly in Excel.

The programme includes a training sessions run by expert Palisade trainer and consultant Rishi Prabhakar, and case study presentations from industry leaders.

Registration is only GBP/65 per participant, and includes software sessions, lunch, a networking reception, and a full 3-month license of The DecisionTools Suite Industrial version.

» View 2017 Events

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 7.5 for your course by contacting:

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

Teaching Tips & Examples

Quality Control

Excerpted from Learning Statistics with StatTools 3rd Ed. by Chris Albright, Published by Palisade Corporation

To compete in today's business world, companies must produce high-quality goods and services. Of the many statistical tools developed to measure and track quality, control charts are among the most prominent of these tools. In this chapter, Chris Albright discusses and walks through some of the common types of control charts implemented by StatTools.

» Download the example files and learn more

Featured White Paper

Transmission of disease at the wildlife/livestock interface of the Kruger National Park, South Africa
Jori, F. Etter, E. (2016). Preventative Veterinary Medicine. http://dx.doi.org/10.1016/j.prevetmed.2016.01.016

Foot and mouth disease (FMD) is considered one of the most important infectious animal diseases in the world, mainly because it inflicts severe economic losses due to the restrictions in trade of livestock and it's products within infected countries. Contact between African buffalo and cattle are responsible for most of the FMD outbreaks in cattle at the edge of protected areas and in recent years has become a much more serious problem.

Since 2000, the efficiency of measures to prevent outbreaks in South Africa has deteriorated, leading to outbreaks occuring more than once a year in Kruger National Park (KNP). Based on retrospective ecological and epidemiological data, Palisade’s @RISK was used to develop a stochastic quantitative model to assess the annual risk of FMD virus transmission from buffalo to cattle herds at the KNP interface and to suggest the probability that alternative approaches to control the disease and it's economic impact may be needed.

»  Read the full paper here


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, BigPicture for mind mapping and data exploration, 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


In This Issue

» Quantifying Illegal
   Fishing in the Pacific
   Islands with @RISK

» Risk Conferences
   London - April 27th

» Training Workshops
   Delhi/NCR - April 19th
   Mumbai - April 20th

» Licensing Options

» Teaching Tips &
   Examples

   Quality Control

» Featured White Paper
   Foot and mouth disease
   at the Kruger National Park
   wildlife/livestock interface

» About Palisade and the
   DecisionTools Suite

Keep in Touch
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Events

Training Seminars

» EMEA
London: April 25–26
Stockholm: May 23–24

» Asia Pacific
Perth: April 4–5
Sydney: May 9–11

» Brazil
Rio de Janeiro: April 5–7
São Paulo: April 25–27

» North America
Washington, DC: April 4–6
Seattle: April 26–28
Denver: May 1–3

» Latin America
Bogotá: 3 al 5 de abril
México: 24 al 26 de abril
Lima: 15 al 17 de mayo


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
Risk analysis software using Monte Carlo simulation for Excel and Project

BigPicture
Mind Mapping and Data Exploration for Excel

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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