Alternative Energy eMagazine, June/July 2012

Alternative Energy eMagazine, June/July 2012

Alternative Energy eMagazine interviewed Randy Heffernan, Vice President of Palisade, about risk analysis in the energy industry. The article highlights FutureMetrics’ use of @RISK to hedge wood prices in the production of burning wood pellets. Click here to read the...
Alternative Energy eMagazine, June/July 2012

New ERM software programs offer increased speed and usability

In light of evolving demands from customers, makers of enterprise risk management software programs are reworking their offerings with an emphasis on increased speed and usability. Randy Heffernan, vice president of Palisade, is quoted in the article. Click here to...
Alternative Energy eMagazine, June/July 2012

Are There Red Flags in Green Construction?

As green options move toward becoming the norm, new risks can result, such as whether environmentally-friendly materials can withstand a major earthquake, hurricane or flood. Green builders are turning to Monte Carlo simulation, a computational model that examines all...
Alternative Energy eMagazine, June/July 2012

Super Bowl Prop Bets and Monte Carlo Simulation

The Super Bowl brings a significant amount of speculation on a multitude of outcomes—from who will win the match, to what color Gatorade will be dumped on the winning coach. For Super Bowl XLVIII between the Denver Broncos and the Seattle Seahawks, Randy Heffernan...
Alternative Energy eMagazine, June/July 2012

Analyzing the Real Costs of Climate Change

Climate change has already started to create extreme and unpredictable weather events around the globe. In this article, Randy Heffernan outlines the importance of considering these unknowns for businesses and organizations everywhere. Specifically describes a prime...