What are the characteristics of successful managers? Surveys consistently show decision-making ability at or near the top of the lists. Perhaps no management activity is more important. Risk and Decision Analysis in Projects by John R. Schuyler presents the approach...
Getting Started Workshop Course Description Half-Day Getting Started Classes Delivered Online This hands-on workshop is designed to help new users of Palisade’s @RISK get started using Monte Carlo simulations to model uncertainty in their risk or decision analysis...
Each March, office productivity is greatly impacted by the NCAA Men’s Basketball Tournament. Just about everyone—regardless of their passion for college basketball—fills out a bracket in hopes of winning their respective pool (or pools). Some rely strictly on their...
The continuous uniform distribution represents a situation where all outcomes in a range between a minimum and maximum value are equally likely. From a theoretical perspective, this distribution is a key one in risk analysis; many Monte Carlo software algorithms use a...
The expansion of global supply chains has meant an exponential growth of the risk of disruptions to those networks. Organizations around the world are turning their eyes away from decision making processes based on single-point estimates, and viewing their risks and...
