Decision-Making & Quantitative Risk Analysis using the DecisionTools Suite: Part I
Live Web Training

Part I of our DecisionTools Suite-specific training consists of two 4-hour sessions spread over 2 days. Attendees will discover how to translate their deterministic Excel analysis into an @RISK model that can be used to quantify exposure and test mitigation strategies. This session employs simple examples to present modeling techniques and the capability of the software, as well as simulation analysis. This course provides a sound introduction to @RISK.

Introduction

  1. Overview of Palisade Corporation
  2. Course Overview
  3. Introduction to Risk and Decision Assessment
    1. Concept
    2. Statistics and Probability
    3. Probability Distributions – common functions
      1. Discrete distributions
        1. Bernouli
        2. Binomial
        3. Discrete
        4. Poisson
      2. Continuous distributions
        1. Normal
        2. Lognormal
        3. Triangular
        4. PERT
        5. General
    4. Monte Carlo Simulation
      1. Sampling method
      2. Latin Hypercube
    5. Decision Analysis
      1. Maximum value
      2. Criteria
  4. Developing a Case Study scenario

Viewing Simulation Results Using @RISK

  1. MC Simulation of Simple Model
  2. Viewing Results Summary
    1. Distributions
    2. Statistics
  1. @RISK Reports
    1. Detailed Statistics
    2. Data
  1. @RISK Analyses
    1. Sensitivity
    2. Scenarios
  1. Sharing Simulation Results
    1. Excel Reports
    2. Stats Functions, etc.
    3. @RISK Library
  1. Sharing Model Information
    1. Swap Function
    2. RiskTemplate
  1. Additional @RISK Features
  2. Advanced Analyses


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