Resources

Resource Library

Jun. 14, 2024
EURO 2024: Tournament Outcome Probabilities

“Lift the lid” on the black-box of Monte Carlo simulation – to see that there is not a lot there! Yet it is a very robust (hard to make mistakes) and powerful technique – and the only one for correctly calculating outcome probabilities for “complicated”, real-world, uncertain situations such as football tournaments. Using the 2024 EUROs, the […]

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Jun. 13, 2024
Managing a Team when Coding in Qualitative Research 

We often discuss different qualitative data analysis methodologies on Between the Data such as different approaches to sifting and understanding the data that research generates. What we don’t often talk about are the practical, nuts-and-bolts aspects of coding in qualitative research – especially when coding with a team. Lindsay Giesen is a Principal Research Associate […]

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Jun. 11, 2024
Portfolio Evaluation of Multi-phase Projects

This example looks at cash flow analysis of projects with multiple phases (5) such as those typically found in the pharmacological industry. Each phase has its assigned cash flow and probability of proceeding onto the next phase. We are interested in evaluating the cashflow of the portfolio given the chance of approval and the uncertainty […]

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Jun. 7, 2024
University of Pretoria

Dr. Folorunso Oludayo Fasina of the University of Pretoria and colleagues used the DecisionTools Suite to create a low-cost and easily implementable model to estimate foodborne contaminations and human infections from the avian influenza H5N1 virus in Egypt and Nigeria.

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Jun. 7, 2024
University of Pretoria

Dr. Folorunso Oludayo Fasina of the University of Pretoria and colleagues used the DecisionTools Suite to create a low-cost and easily implementable model to estimate foodborne contaminations and human infections from the avian influenza H5N1 virus in Egypt and Nigeria.

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Jun. 7, 2024
The DecisionTools Suite Plays a Pivotal Part in Mitigating Risks Associated with Volcanic Eruptions in Guatemala

Researchers used @RISK and PrecisionTree to model the likelihood of a successful evacuation during a volcano eruption. University of Bristol’s Environmental Risk Research Centre (BRISK) adds new dimension to modeling volcanic risk in Guatemala. Conducting a quantitative risk assessment is often a difficult process, requiring data that is sparse or even unobtainable. With volcanoes, the […]

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Jun. 7, 2024
The DecisionTools Suite Plays a Pivotal Part in Mitigating Risks Associated with Volcanic Eruptions in Guatemala

Researchers used @RISK and PrecisionTree to model the likelihood of a successful evacuation during a volcano eruption. University of Bristol’s Environmental Risk Research Centre (BRISK) adds new dimension to modeling volcanic risk in Guatemala. Conducting a quantitative risk assessment is often a difficult process, requiring data that is sparse or even unobtainable. With volcanoes, the […]

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Jun. 7, 2024
Students at Cornell University's Dyson School Use @RISK to Evaluate Capital Budgeting, Investments, Random Walks, Derivatives Pricing and Real Options

Offered by the Charles H. Dyson School of Applied Economics and Management at Cornell University, Dr. Calum Turvey’s Risk Simulation and Optimization course introduces students to @RISK to evaluate problems of finance, including capital budgeting, investments, random walks, derivatives pricing and real options. Calum Turvey, W.I. Myers Professor of Agricultural Finance, uses @RISK in his […]

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Jun. 7, 2024
Students at Cornell University's Dyson School Use @RISK to Evaluate Capital Budgeting, Investments, Random Walks, Derivatives Pricing and Real Options

Offered by the Charles H. Dyson School of Applied Economics and Management at Cornell University, Dr. Calum Turvey’s Risk Simulation and Optimization course introduces students to @RISK to evaluate problems of finance, including capital budgeting, investments, random walks, derivatives pricing and real options. Calum Turvey, W.I. Myers Professor of Agricultural Finance, uses @RISK in his […]

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Jun. 7, 2024
@RISK Helps Improve Mad Cow Disease Detection in Japan

Professor Katsuaki Sugiura of the University of Tokyo uses Monte Carlo simulation in @RISK to improve the bovine spongiform encephalopathy (BSE) surveillance program in Japan, to improve food safety. Professor Katsuaki Sugiura at the Laboratory of Global Animal Resource Science at the Graduate School of Agriculture and Life Sciences, the University of Tokyo, has used […]

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Jun. 7, 2024
@RISK Helps Improve Mad Cow Disease Detection in Japan

Professor Katsuaki Sugiura of the University of Tokyo uses Monte Carlo simulation in @RISK to improve the bovine spongiform encephalopathy (BSE) surveillance program in Japan, to improve food safety. Professor Katsuaki Sugiura at the Laboratory of Global Animal Resource Science at the Graduate School of Agriculture and Life Sciences, the University of Tokyo, has used […]

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Jun. 7, 2024
Shanghai Jiao Tong University

Engineering students at Shanghai Jiao Tong University learn risk and decision analysis using @RISK and the DecisionTools Suite from Dr. Li Mian, an authority in system design and optimization.

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