This case study takes a biofuel plant as an example where @RISK models the project’s Net Present Value (NPV), PrecisionTree informs strategic scenario decision-making, and Evolver suggests plant optimisation strategies. Click here to read the...
The pros and cons of energy systems have never been as critical as they are today. Energy sources, irrespective of how “green” they may or may not be, present associated risks: financial, environmental, personal, etc. Traditional thinking just assumes that...
Calum Turvey, W.I. Myers Professor of Agricultural Finance, uses @RISK in his Risk Simulation and Optimization course. Offered by the Charles H. Dyson School of Applied Economics and Management at Cornell University, Risk Simulation and Optimization attracts over 50...
Innovation is the lifeblood of most enterprises – and given the inherent high uncertainty, a high level of decision quality is essential. Many parties are involved in the decision-making process, and often they have conflicting values, motivations, perspectives,...
