Louisiana Department of Health uses @RISK to Prepare Hospitals for a Hurricane Strike
 
 

@RISK Used to Prepare Hospitals for Hurricane Strike

 
 

Risk and DecisionDue in part to the significant impact of hurricane season on the Gulf Coast of the U.S., Louisiana is considered a “wet lab” for emergency preparedness. As part of its annual preparations, the State creates and maintains plans that involve the full coastal evacuation of entire hospitals and nursing homes in Southeastern Louisiana, mostly via aircraft. Palisade’s @RISK software plays a critical part in both estimating needs, and justifying resources.

“Palisade built a sophisticated model for us that allows us to take the configuration data and construct a model, quickly and easily,” said Henry Yennie of the Louisiana Department of Health (LDH). “@RISK is a really valuable tool that lets us perform up to 10 different scenarios based on patient numbers and other data, plus it has an interface that makes it ‘idiot proof’ for us.” For each scenario, modelers can change evacuation parameters such as airport and plane availability, or patient bed availability.

LDH worked with Palisade’s Custom Development team to create the model. A custom interface allows for easy configuration of model parameters, reducing errors. The LDH can plan ahead of time, and change parameters on the fly during a hurricane to plan during an actual hurricane. According to Yennie, “@RISK gives us benchmarks we can measure against actual patient movements, then lets us know the probabilities of success. By providing us with this estimate of success throughout the process, we’re able to figure out what we can do to fix it right away.”

“I’ve used other simulation software over the years and none has come close to the usability of @RISK,” reports Yennie. “It makes it really easy for a person who doesn’t have a PhD in statistics to build an accurate model of a real-world situation that has an impact.”

 
 
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Pharma and Biotech event in Cambridge, MA,
plus conferences in Bogotá and London

 
 

These events are free to attend and promise to be invaluable opportunities for broadening one's knowledge of risk modeling, 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

Conference Dates:

Cambridge, MA - Pharmaceuticals and Biotechnology focus - March 7th - More information

Bogotá - March 9th - More information

London - April 27th - More information

 
View the full conference schedule
 
 
 

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Training workshops in New Delhi and Mumbai

 
 

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. 

New Delhi - April 19th, 2017 - More information

Mumbai - April 20th, 2017 - More information

 
View 2017 Events
 
 
 

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Watch Now - @RISK Correlation and Copulas:
Gaining Insights into your Inputs

 

Insight into setting up and evaluating your risk analysis model in Excel, using @RISK

 

Gain insight into setting up and evaluating your risk analysis models in Excel, using @RISK. Learn how to incorporate correlation into your @RISK model to show how your input variables relate to one another while becoming familiar with basic concepts and terminology. Using @RISK's correlation tables and copulas you will be able to achieve more accurate results.

 
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@RISK Tips: Forecasting Structural Costs

 

Excerpted from Financial Models Using Simulation and Optimization II
by Wayne Winston, published by Palisade Corporation

 

An important problem at manufacturing companies is predicting the structural or capital costs. The major sources of uncertainty are the time to complete a project, the time after the project when the cost is incurred, and the size of the cost. This example walks through forecasting the timing and amount of structural costs associated with a new vehicle and how Palisade's @RISK is used for the task.

 
Download the Full Example Files
   
 
 
 

Regional Training Seminars

 

Attend an intensive course to learn how to apply @RISK and the DecisionTools Suite to real-life problems.

 

Regional TrainingsOur worldwide Palisade Regional Training courses are professional public courses designed to teach you how to apply @RISK and the DecisionTools Suite to real-life problems. The training is hands-on, and includes course notes and example files. Palisade Regional Training courses have been accredited by a number of industry groups, enabling professionals in those industries to earn continuing education credits. Lunch and breaks are also provided, giving you a great opportunity to network with other professionals interested in risk analysis.

Upcoming trainings in Ottawa, Minneapolis, Washington, Seattle, London, Moscow, Munich, Melbourne, Sydney and Perth.

 
View Schedule
 
 
 
 

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Live Webinars
Attend an hour-long event to learn how Palisade software works, and ask questions. See the schedule here.

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On-Demand Webinars
Watch Palisade webinars at your convenience. View a complete listing of on-demand webinars here.
 
The DecisionTools Suite
 
Contact Details
 

Palisade Corporation

798 Cascadilla St.,
Ithaca, NY 14850 USA

sales@palisade.com

www.palisade.com

About Us
 

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.

More About Palisade

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