The Palisade Academic
@RISK Manages Operational Risks in the Green Supply Chain

@RISK Models Cancer Risks of Carcinogen Intake from Food and Beverages for Canadians

While news headlines regularly report on acute health issues relating to food and beverages, such as E. coli outbreaks and salmonella poisoning, very little is known about the adverse health issues caused by the longer-term intake of contaminants in those foods and beverages – including carcinogens. The University of Victoria (UVic), a national and international leader in many areas of critical research, participated in the CAREX Canada Project, funded by the Canadian Partnership Against Cancer, to better understand the environmental and occupational exposures to substances associated with cancer, and subsequently provide support for exposure reduction strategies and cancer prevention programs.

The UVic team used @RISK, Palisade’s risk analysis software, to model differences in Lifetime Excess Cancer Risk for Canadians based on contaminants found in food and beverages. The results revealed notable differences in cancer risks for several different demographics, and are detailed in the thesis, Geographic Exposure and Risk Assessment for Food Contaminants in Canada, by Roslyn Cheasley, a Master’s student with the Department of Geography at UVic.

Palisade’s @RISK enabled the team to easily and effectively determine the concentration of carcinogenic elements in the identified food and beverage products, as well as learn if certain demographics were more at risk from dietary patterns than others.

“We decided to take things up a notch when we updated the data, and upgrade to a probabilistic analysis model based on Monte Carlo simulation,” said Cheasley. “We wanted to estimate the range and frequency of possible daily contaminant intakes for Canadians, as well as associate these intake levels with lifetime excess cancer risk. This is where @RISK came into the equation.”

» Read the complete case study here
» Learn more about @RISK
» University of Victoria (UVic)

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

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

Teaching Tips & Examples

Matching a Given Market Index

Excerpted from Financial Models 2 by Wayne Winston, Published by Palisade Corporation

Many trading strategies involve matching a given index such as the Dow, Standard and Poor’s, Wiltshire 5000, Bottom 10% in Size Firms, etc. To lower transaction costs, we don’t want to own the entire index but want to match the Dow (consisting of 30 stocks) as closely as possible by only selecting 5 of those 30 stocks with the goal of minimizing the difference in return between the Dow and our 5 stocks over 24 years. In this example, Wayne Winston walks through how to use Evolver to find the 5 stocks that best match the Dow over a 24 year span.

» Download the example files and learn more

Featured White Paper

Date Palm Replanting Sustainable Strategies and Risk Aversion in Oman
Hassan Ishag, K. (2016). Journal of Sustainable Development. doi:10.5539/jsd.v9n6p146

Date Palm (ploenix dactylifera) is the most important cultivar and economic fruit in Middle East and Oman and occupies 35% of total cultivated area and 78% of the total fruit trees area in Oman. The Ministry of Agriculture and Fisheries attempted to improve Date Production but due to environmental constrains and climate change, agricultural production has shown instability in production and resources degradation. A study was conducted, applying a stochastic modeling approach, to evaluate Date Palm varieties in the Batinah Region of Oman to identify the most sustainable and efficient varieties. Palisade’s @RISK was used to create the model in Excel and run simulations with Latin hypercube sampling.

»  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

» @RISK Models Cancer
   Risks of Carcinogen
   Intake from Food and
   Beverages for Canadians

» Licensing Options

» Teaching Tips &

   Matching a Given Market

» Featured White Paper
   Date Palm Replanting
   Sustainable Strategies
   and Risk Aversion in Oman

» About Palisade and the
   DecisionTools Suite

Keep in Touch
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Training Seminars

Rome: February 1–2
London: February 7–8
München: March 13–15
London: March 21–23

» Asia Pacific
Brisbane: February 7–8
Melbourne: March 21–23

» North America
Houston: February 14–16
Ottawa: March 7–9

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 analysis software using Monte Carlo simulation for Excel and Project

Mind Mapping and Data Exploration for Excel

Visual decision analysis
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Sophisticated neural networks for spreadsheets

Advanced statistical analysis for spreadsheets

The Innovative Optimizer
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