E-Focus: European Investment Bank recommends @RISK to determine feasibility of railway capital investmentsIn This Issue
What’s New

» @RISK recommended to
   determine feasibility of
   railway capital investments

» Palisade Risk Management
   Roadshow: Boston

» Las Vegas Risk Conference
   Call for Presenters

» Mexico City Risk Conference
» New Book Uses
   DecisionTools Suite

» 2011 European Roadshow
» Blog Headlines

Case Study
» World Conservation Union
   puts DecisionTools to work
   for endangered species

@RISK Modeling Tips
» Saving Simulations

Upcoming Webcasts

In This Issue
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2011 Palisade Risk Conferences

Industry experts present real-world case studies about innovative and interesting approaches to risk and decision analysis. Also, ever-popular workshops and training delivered by Palisade consultants, and sneak previews of new software.
» Amsterdam: 29-30 March
» Mexico City: 1-2 June
» Rio de Janiero: 14-15 Sept
» Las Vegas: 10-11 Nov

Palisade Risk Management Roadshow: Boston
Join decision-makers and practitioners from pharmaceuticals, academia, and many other industries at this exciting and informative one-day event. Registration offered at no charge.
» Boston: June 3, 2011

2011 Palisade Roadshow
These seminars are designed to show companies and individuals the benefits of using Palisade solutions – and will also show existing customers how the latest releases can add even more value to their business.
» Zurich: 19 May 2011
» Aberdeen: 25 May 2011
» Leeds: 26 May 2011
» Paris: 6 June 2011
» Marseille: 7 June 2011

Regional Seminars
» Asia-Pacific
Singapore: 24-26 May
Aukland: 30-31 May
Wellington: 2-3 June
Melbourne: 6-7 July
Sydney: 20-22 July
Brisbane: 24-25 August

» Europe
London: 24-25 May
Copenhagen: 20-21 June
Moscow: 23-24 June
London: 27-28 June
London: 2-4 August
London: 6-7 September
Den Hague: 27-29 September

» Latin America
México D.F.: 17-19 de mayo

» North America
Chicago: 17-19 May
Calgary: 7-9 June
Kansas City, MO: 6-7 July
Seattle, WA: 19-21 July
Mount Laurel, NJ: 27-28 July
Toronto: 2-3 August
Jersey City: 16-17 August
Denver: 13-15 September
Chicago: 27-28 September

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

14-15 July, 1pm-5pm ET

10-11 August, 1pm-5pm ET

» Decision-Making and Quantitative Risk Analysis using the DecisionTools Suite

31 May-1 June, 11am-3pm ET
22-23 Sept, 1pm-5pm ET

15-16 June, 11am-3pm ET
10-11 October, 1pm-5pm ET

» Project Risk Assessment Using @RISK for Project
11 July, 11am-3pm ET

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

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

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or its subsidiaries in the United States and other countries.

European Investment Bank recommends
@RISK to determine feasibility of railway
capital investments

In order to continue providing a viable transport system, Slovakia-based Slovak Rail Company faced the need to replace end-of-life rail cars with new double-deck electric or diesel units. However, a key risk in undertaking this task was that the dwindling passenger numbers opting for rail travel would result in revenues not being high enough to warrant the investment in new carriages. The Slovakian Ministry of Transport, Ministry for Finance and the SRC, all of whom were to co-finance the project with the EU regional finance fund, required a risk-based methodology to be used before it committed to going ahead with the project. Palisade’s risk analysis software, @RISK, was recommended by the European Investment Bank for the task of modeling potential train travel over the next 30 years. The EU Commission also confirmed that the SRC could use this method of decision support to determine whether investing in new rolling stock was feasible. @RISK was used to estimate potential revenues and to calculate the socio-economic impact of increased rail use.

» Read the full case study

Palisade Risk Management
Roadshow: Boston, June 3
Featuring Pharmaceutical and Other Business Applications

We are pleased to announce The Palisade Risk Management Roadshow, to be held on June 3, 2011 at the Radisson Hotel, Boston. As the first event of its kind from Palisade, we are offering admission at no charge. Join decision-makers and practitioners from the pharmaceutical and other industries, as well as academia at this exciting and informative one-day event. Programming will include presentations and discussions on topics such as decision making in the field of biotechnology, optimizing investments, and using simulation to value new projects. Case studies and analysis using Palisade software @RISK and the DecisionTools Suite will be presented.

» See the schedule
» Register now

Palisade Risk Conference Las Vegas:
Call for Presentations
The Monte Carlo Resort and Casino, November 10-11, 2011
Last year in Las Vegas, the Palisade Risk Conference set a new record for attendance. Help us make history again at this year’s conference on November 10-11 at the Monte Carlo Resort and Casino!

Present Your Case Study in Las Vegas
If you have an interesting application of Palisade software which you would like to present, please send a short abstract to Jami Adams, at The closing date for abstracts to be submitted is August 1, 2011. If you would like to submit an abstract but need more time, please let us know.

All presenters attend the conference and social events at no charge.

» Conference overview
» View last year’s conference schedule and presentations

2011 Risk Conference Series Continues
in Mexico City, June 1-2
The next stop in the 2011 Palisade Conference Series will be in Mexico City, June 1-2. This all-Spanish event will include sessions from companies throughout Mexico and Latin America.

» More information and register (in Spanish)

New Book Uses DecisionTools Suite
Entrepreneurial Finance: Strategy, Valuation, and Deal Structure
By Janet Kiholm Smith, Richard L. Smith, Richard T. Bliss

Entrepreneurial Finance is a new book from Stanford University Press that applies the theory and methods of finance and economics to the rapidly evolving field of entrepreneurial finance. This approach reveals how entrepreneurs, venture capitalists, and outside investors can rely on academic foundations as a framework to guide decision making. Unlike other texts, this book prepares readers for a wide variety of situations and problems that stakeholders might confront in an entrepreneurial venture. The authors specifically address the influences of risk and uncertainty on new venture success. The book appeals to a wide range of teaching and learning preferences. To help bring the book to life, simulation exercises appear throughout the text that can be used with @RISK. The text also uses PrecisionTree to build decision trees for options evaluation.

» Read more information from Stanford University Press

2011 European Roadshow Dates
Palisade invites you to complimentary half-day events, held in your city. Join us for live demonstrations showcasing @RISK and the other products of the DecisionTools Suite. We’ll look at industry applications of Palisade tools, examining how companies and individuals benefit from Palisade solutions.

Find out why more than 90% of the Fortune 100 companies use Palisade solutions to make better decisions.

The schedule includes the dates listed below, with more to be announced soon. Contact us at for more information, or sign up at the link below.

  • Zurich 19 May 2011
  • Aberdeen 25 May 2011
  • Leeds 26 May 2011
  • Paris 6 June 2011
  • Marseille 7 June 2011
» 2011 European Roadshow

Palisade Blog Headlines
Working together to mitigate risk
Monday, May 9, 2011 by DMUU Training Team
A UK aid review recently launched by ex-Liberal Democrat leader Lord Ashdown, says more lives could be saved by faster UK response times to natural disasters. Estimating an increase in the number of people hit by disasters over the next four years from 250m a year to 350m a year, Ashdown is keen to improve local resilience in at-risk countries, and help make the leadership of international responses better and more integrated.
» Read more

Unknown Unknowns – Probabilistic Modeling in Projects
Tuesday, May 3, 2011 by DMUU Training Team
Yuri Raydugin, P.Eng, MBA, PhD, Principal Consultant at Risk Services & Solutions, Inc. points out that project management practitioners recognize the need to consider “unknown unknowns” in project risk management. However, clear and consistent recommendations on incorporating these uncertainties into risk models have yet to be proposed.
» Read more

Risk and the Cost of Debt
Friday, April 22, 2011 by Holly Bailey
Recently a great deal of public attention has focused on economic efficiency in the health care industry, but one rarely mentioned element of overall efficiency is the financing of hospitals. Although many hospitals are nonprofit, even these need operating capital, and an infusion of capital usually is accompanied by financial risk. A recent article in Becker's Hospital Review highlighted the importance of financial risk analysis in the process of choosing sources of credit, and its observations should ring true for any business, for-profit or not.
» Read more

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Case Study
World Conservation Union puts DecisionTools
to work for endangered species

From the Channel Island fox to an African antelope called the gerenuk, it is a diverse group of endangered animals that Palisade’s @RISK and PrecisionTree are working to protect. The popular tools have been introduced to scientists and veterinarians by the IUCN-World Conservation Union’s Conservation Breeding Specialist Group. They are used in the group’s ongoing workshops to help conservationists identify and analyze the risks of disease in their efforts to protect endangered animals.

What makes the group’s use of @RISK and PrecisionTree unusual is that, while many businesses and researchers use Palisade software to deal with mountains of information, the conservationists use it to compensate for a lack of information.

“What we needed,” says Dr. Douglas Armstrong, one of the leaders of the Conservation’s Breeding Specialist Group, “was a set of practical, comprehensive, broadly applicable tools to anticipate what the problems might be. @RISK and PrecisionTree are really key components in that set of tools. They are easy to learn, and they allow us to enter reasonable ranges of possible values rather than fixed estimates. It’s an effective approach to minimizing the risks of disease in our efforts to conserve endangered species.”

» Read the full case study

Product Spotlight
Saving Simulations
@RISK gives you multiple options for saving simulations you have run and comparing them with other simulations.

These include:

  • Storing simulations in your Excel workbook
  • Saving simulations as a separate .RSK5 file outside the workbook
  • Using the @RISK Library for storing and comparing different simulations.

When you want to store simulation results and graphs, @RISK allows you to keep all data in your Excel workbook. This makes it easy for you to give simulations to others, without worrying about sharing a separate simulation file. However, if you want to store the simulation results in a separate .RSK5 file in order to reduce the file size of the Excel workbook, you have that option, too.

@RISK Save Options Dialog

When a simulation is saved in your workbook, all data and graphs are stored and will be automatically opened the next time you open the workbook in Excel with @RISK running.

You can also use the new Application Settings command in the @RISK Utilities menu to specify the default location where you wish to store your @RISK data.

» Read more about Saving Simulations

Introduction to Risk & Decision Analysis using
@RISK & The DecisionTools Suite

Presented by Doug Oldfield, Palisade
May 17, 2011, 10:00am Western European Summer Time
June 9, 2011, 10:00am Western European Summer Time
(London, GMT+01:00)

This event is designed to provide an entry-level introduction into probabilistic analysis and will show how Monte Carlo simulation and other techniques can be applied to your everyday business analyses using @RISK and the DecisionTools Suite. (There is NO CHARGE for this webcast.)
» Register now for May 17, 2011
» Register now for June 9, 2011

Introductie van risico- en beslisanalyse met
@RISK en e DecisionTools Suite

Präsentiert von Stephan Beeusaert, Palisade
June 8, 2011, 10:00am Western European Summer Time
(London, GMT+01:00)

Deze live evenementen zijn bedoeld om een inleiding tot de probabilistische analyse te bieden en u te laten zien hoe Monte Carlo simulatie en andere analytische methodes uw dagelijkse businessanalyses kunnen verbeteren. (Es gibt keine Gebühr für diesen Webcast.)
» Jetzt registrieren

Introducción al análisis de riesgo y decisión
con @RISK y DecisiónTools Suite

Presentado por Manuel Carmona, Palisade
June 9, 2011, 10:00am Western European Summer Time
(London, GMT+01:00)

Los seminarios en línea están planteados como una introducción al análisis probabilístico, mostrando como la simulación Monte Carlo y otras técnicas, pueden ser aplicadas en la solución de problemas en el ámbito empresarial y de negocios. (No hay ningún cargo por este webcast.)
» Regístrese ahora

Forestalling Foreclosure: Using @RISK to Analyze Debt
Capacity and Find a Strategic Alternative to Default

Presented by Steve Slezak, California Polytechnic State University
June 23, 2011, 1:00pm Eastern Daylight Time
This webcast illustrates how even a simple @RISK simulation can provide valuable insights into a complicated financial issue and lead to a strategic solution.(There is NO CHARGE for this webcast.)
» Register now

Introduction to Risk & Decision Analysis using @RISK
Presented by Chris Marlow, Palisade
June 28, 2011, Western European Summer Time
(London, GMT+01:00)

This event is designed to provide an entry-level introduction into probabilistic analysis and will show how Monte Carlo simulation and other techniques can be applied to your everyday business analyses using @RISK. (There is NO CHARGE for this webcast.)
» Register now

The Use of @RISK and Economic Value Added in Business Valuation
Presented by Marwaan Karame, Value Based Management Consultant –
Managing Director, Economic Value Advisors
July 13, 2011, 10:00am Eastern Daylight Time

Valuation is a critical part of business decision making, whether it’s to invest in a new technology or to acquire an entire company. Regardless of the investment, there are fundamental principles of finance and economics that determines what something is worth. In this brief introduction, we’ll explore the concepts of Economic Value Added and Free Cash Flow, as well as the key operating drivers of value creation. (There is NO CHARGE for this webcast.)
» Register now

» See complete Webcast schedule


The Global Leader in Risk and Decision Analysis
Palisade 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.


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