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Lumivero Software Case Studies

See how you can save time, make money, and solve problems using Lumivero software from more than 200 success stories featuring experts across industries.

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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...

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...

INCAE Business School

Dr. Arnoldo Camacho, a professor at the highly regarded INCAE Business School in Alajuela, Costa Rica, incorporates Palisade’s @RISK software in his MBA courses –...

University of Houston

Phil Rogers teaches students how to analyze and make effective decisions using the DecisionTools Suite at the University of Houston's C.T. Bauer College of Business.

Illinois State University

Students in corporate finance classes at Illinois State University’s College of Business rely on Lumivero's @RISK, in Dr. Domingo Castelo Joaquin's MBA and undergraduate courses.

Monmouth University

Lumivero's risk analysis software was used by Roy Nersesian to create a planning methodology to assist utilities that are making major investments in renewable power...

DePaul University

More than a trillion dollars are risked worldwide on sports gambling every year. DePaul University professor Clayton Graham's prize-winning paper “Diamonds on the Line: Profits...

Leonardo Company

AgustaWestland uses @RISK to develop financial business cases and feasibility studies to produce in-depth analysis so that the senior management team can make informed decisions...

Kansas State University

Dr. Michael Sanderson of Kansas State University’s College of Veterinary Medicine developed a risk management tool for veterinarians and beef cow-calf producers to assist in...

University of Victoria

Researchers at the University of Victoria used @RISK to model the differences in Lifetime Excess Cancer Risk (LECR) for Canadians based on contaminants found in food...

Revay and Associates

The Fort McMurray Airport Authority (FMAA) turned to Revay and Associates Ltd. to assess the potential risks they face as an organization as they try...

Zachry Group

Analyses of equipment failures in industrial settings have traditionally been done to support investigation into recognized problems. The Maintenance and Reliability Services Group at Zachry...

CONTI

After the EU introduced regulatory requirements for better visibility into capital market investments, CONTI began using @RISK to construct financial models that capture and assess...

Eastern Electric Utility

To tackle new challenges for accurate decision-making around load forecasting, an electric power holding company based in the Eastern United States used the DecisionTools Suite...

B. Riley Financial

“OilCo” an anonymous oil and gas company, was entering bankruptcy and needed assistance in valuing its assets and negotiating a potential buyout. The company turned...

Bucknell University

Bucknell University used quantitative decision analysis software PrecisionTree to evaluate technological alternatives.

Project PMO

Jim Aksel, Principal at ProjectPMO in Anaheim, California, has consulted for several major aerospace companies in project and schedule management. In this case study, he discusses how...

Casualty Actuary Society

Actuaries face similar challenges every day when calculating requirements for pension funds, life insurance, or long-term care. A research study provides a model for projecting...

Engcomp

ENGCOMP used @RISK for cost and schedule risk analysis for the Canadian Department of National Defence's Fleet Maintenance Facility Cape Breton located at the Canadian...

FiduciaryVest

Decision makers for all long-term investment pools face a critical challenge: Multi-year allocation among the various available asset categories. By incorporating longer time horizons and...

Amway

When global direct sales giant Amway prepared to get even bigger, their Industrial Engineering team called on Palisade to create a strategic tool based on @RISK to improve...

Murray and Roberts

In a sector that faces many risks, engineering and construction services company Murray & Roberts takes a cash flow based approach to enterprise risk management...

Technical University of Denmark

Dr. Kim Bang Salling's graduate students at Technical University of Denmark use @RISK to incorporate uncertain elements into decision-support models for transportation projects.

Cranfield University

A Cranfield University project uses @RISK to calculate the likelihood of sub-sea oil and gas equipment failure, and the overall cost throughout the project life...

Klinikum Stuttgart

A researcher at Katharinenhospital in Stuttgart, Germany uses NeuralTools for historical classifaction and grading of tumors, an important aspect of diagnosis since the treatment and...

The Business Backer

Albert Fensterstock used Palisade’s NeuralTools software to help Business Backer, a lending company, begin refining their decision-making process.

Netconomy

Netconomy Software and Consulting specializes in omni-channel and e-commerce software integrations, creating digital marketplaces for a diverse range of companies in the retail, wholesale, consumer,...

Project and Portfolio Value Creation

While employed at a major Biopharmaceutical company facing a choice between competing product investment strategies, Richard Bayney and his colleagues used Palisade’s PrecisionTree software to...

University of Virginia

Healthcare consultant Barbara Tawney used StatTools and NeuralTools to figure out how to anticipate and prepare for surges in patient load in the Richmond Hospital...

HealthCare Appraisers

HealthCare Appraisers Inc. (HAI), a national, employee-owned healthcare valuation services firm in the U.S., was engaged by a national ambulatory surgery center management company to perform...

Aspinall Associates

Willy Aspinall uses @RISK in combination with PrecisionTree to simulate risks to individual villages on Montserrat under various volcanic scenarios.

Aquenta

Now part of the Jacobs Group, Aquenta’s Risk Management Service’s team works with high profile clients across Asia-Pacific in the development and delivery of major infrastructure...

Columbia University

Columbia University students in Professor Roy Nersesian’s Quantitative Methods in Energy and Policy Analysis course gain hands-on experience in the development and interpretation of quantitative...

University of Buenos Aires

Ariadna Berger, professor of Farm Management at the University of Buenos Aires, uses @RISK to analyze risks and opportunities of large cash cropping operations in...

Cynametrix

Financial analytics consulting firm Cynametrix uses the DecisionTools Suite to integrate life insurance products into general financial analysis for clients.

Logion BV

By slashing analysis time and enhancing model accuracy, the DecisionTools Suite has become critical to Netherlands-based consultancy Logion's strategy and competitive position.

Kinder Mogan

For project sanction and to satisfy its many stakeholders, an oil and gas industry risk analysis expert needed to quantify the cost uncertainties and inflation...

European Investment Bank

Palisade’s risk analysis software, @RISK, was recommended by the European Investment Bank for the task of modelling potential train travel over the next 30 years...

Throughput Professionals

Fernando Montemayor, Global Analysis Vice President of the consulting firm Throughput Professionals, and his team worked with the largest oil refinery company in Colombia (producing 250,000...

Antea Group

A major U.S. beverage manufacturer was moving forward with implementation of a water recycling system, but faced a decision barrier around the perceived low cost...

National Grid

National Grid UK, the electricity transmission system owner for England and Wales and the system operator for all of Great Britain, uses @RISK’s probabilistic modeling...

PragmaRisk International

PragmaRisk uses the DecisionTools Suite to assess the risks related to budgets and schedules overrunning for engineering and construction projects. Using @RISK and StatTools (both part of the DecisionTools Suite),...

University of Pennsylvania

To train effective leaders at the University of Pennsylvania, Keith Hornbacher uses @RISK software to take graduate students through actual case studies of how organizations...

Pantektor

In-depth analysis using @RISK enables Pantektor, a construction consultancy based in Sweden, to define the best and most cost-effective fire protection strategy for every structure...

Duke Energy

At Cincinnati-based Cinergy (now Duke Energy Corporation), Soubhagya Parija uses @RISK to model decisions involving all of the utility's potential transactions with other companies, especially...

Lstar Capital

Benjamin Waisbren, President and a shareholder of LSC Film Corporation, uses @RISK to analyze uncertainty behind financing major Hollywood films. The software helped finalize the funding and...

Biswas

Biswas X-Ray and Scan Centre is located in Asansol, a coal city in eastern India. It is a dedicated imaging and research laboratory that specialises...

PCM Consulting

PCM Consulting, a project, contract, and engineering management consulting company based out of South Africa, used @RISK to determine the financial viability of biogas plants...

Captum Capital

Captum Capital Limited, a life sciences and health care industry consulting company, specializes in the valuation of early stage companies. This process, especially in the...

SNCF

A number of long-distance, high-speed rail projects in France were analyzed using @RISK to fully weigh the challenges each project faced. “@RISK allowed us to...

Integral Consulting

Integral Consulting was hired by a Fortune 100 mining company to assist with evaluating remediation (aka cleanup) strategies for a 100-year-old mine. The Integral team...

Nighthawk Intelligence

A major electronics retailer's financial services department needed to increase the profitability of its private label credit card. Nighthawk Intelligence used the DecisionTools Suite to...

Solvere

Solvĕre provides technical consultancy on infrastructure projects with a particular focus on Private Public Partnerships. It uses @RISK to enable government bodies, public agencies, contractors...

Fitness First

With 75 gyms across Australia, Fitness First identified business electricity cost as a fiscal risk. Knowledge Global constructed an @RISK model for energy cost management.

RiskAdvisory

RiskAdvisory helps mid-size utilities get a handle on uncertainties--how much energy to produce, when to produce it, and how to price it. To effectively take...

DNV GL - ROAF

DNV GL's customer, ROAF, a Norwegian inter-municipal waste management company, wanted to invest in a new waste management system. DNV GL used @RISK to evaluate...

Denmark Ministry of Finance

Visual Reporting used @RISK to help the Danish Government comply with newly formed Danish legislation which requires that all Government related IT business cases that exceed...

Curtin University

Researcher Darren O'Connell used @RISK to examine the tools that are used to teach probability and risk in Australian institutes of higher learning.

Linksbridge

A consulting firm that advises international development organizations has the directive to determine what efforts have the highest impact along with the best value for...

University of New Brunswick

Dr. Gregor Reid, a senior research scientist with the University of New Brunswick, has used @RISK models as a means to better help aquaculturists improve...

AMSAA

'@RISK is used at AMSAA to help senior level officials avoid risks of schedule and cost overruns in equipping and sustaining weapons and materiel for...

John Muir Land Trust

John Muir Land Trust, a nonprofit organization in Martinez, CA, conducts fundraising mailing campaigns twice a year. The group uses @RISK to help them better...

Value Management Strategies

Value Management Strategies, Inc. (VMS) offers risk and management consultancy to a wide number of industries and uses @RISK to accurately identify risk factors that...

Tulane University

On April 2010, a large explosion on the Deepwater Horizon (DWH) drilling rig resulted in continuous petroleum and chemical contaminants to flow unchecked into the...

LE Peabody and Associates

L. E. Peabody & Associates, Inc. is an economic consulting firm that provides clients with expert analysis needed to support decisions and formulate policy, based...

Commercial Airline

A domestic airline catering to the tourism industry in Costa Rica needed a model for predicting demand and price elasticity. This predicting model uses neural...

Clinic Barcelona

Dr. Arturo Pereira of the Hospital Clinic in Barcelona researched the question: how will improved donor screening for hepatitis B affect health outcomes and medical...

EpiX Analytics

EpiX Analytics, makers of ModelAssist, use @RISK and other Palisade software products to define a risk management or analytical process and then implement it into software...

AECOM

The Australian Department of Climate Change commissioned AECOM to evaluate the risk and costs of climate-change-related flooding of the Narrabeen Lagoon. Using @RISK, AECOM was...

Graphic Era University

Green supply chain management (GSCM) is the integration of environmental thinking into supply chain management. As green supply chain (GSC) considerations typically introduce different operational...

Solis Financial Forensics

David Solis, the founder and managing member of Solis Financial Forensics LLC, first came across @RISK as a graduate student at Seattle University. Today he uses the software...

Sark7

The DecisionTools Suite enables Sark7 to develop profitable business cases for sustainable energy projects, thereby acting as a due-diligence tool for prospective sustainability entrepreneurs, investors,...

Post Danmark

Post Danmark wanted more accurate calculations to ensure that premiums being offered by insurance companies were a true reflection of the organisation's risk undertaking. They...

Sinopec

Sinopec Engineering Group in Beijing uses @RISK to conduct risk quantification analysis and evaluation for major projects valued at over US$100 million, to help make...

Rio Tinto

Ecological modeler Dr. John Toll was engaged by Kennecott Utah Copper to study environmental impacts of selenium. The study, which included models in @RISK, lead...

Lund University

A professor in corporate finance at Lund University in Sweden uses @RISK in his Corporate Risk Management course for master’slevel students. Students are asked to...

RoseCap Financial Advisors

Direct investment is the purchase of a controlling interest in an investment, such as a business or real estate. Rosecap Investment Advisors use @RISK to...

Purdue University

Dr. Wallace Tyner and his colleagues at Purdue University in Indiana used @RISK to conduct a cost-benefit analysis of building an aviation biofuel plant, and...

Arc of Yates

Social service provider Arc of Yates of New York used @RISK to develop effective strategic contingency plans in the face of state and local government...

University of Melbourne

Agricultural scientist Dr. Şeyda Özkan used @RISK to examine how a carbon tax would financially impact dairy farmers in Australia that employ two different feeding systems: a...

University of Arkansas

Dr. L. Lanier Nalley of the University of Arkansas used @RISK to compare the economic risk and return of RiceTec’s hybrid rice varieties to conventional,...

Rudd Asset Management

A large horse racing and competition complex wanted to develop “green” policies that made economic sense. Rudd Asset Management used the DecisionTools Suite to determine...

Gannett Fleming

Gannett Fleming, a national planning, design, and management firm, uses @RISK to provide detailed project planning and risk assessment services that exceed US Federal Transit...

Johns Hopkins University

A severe influenza pandemic could overwhelm hospitals, but planning guidance that accounts for the dynamic interrelationships between planning elements is lacking. To answer this need,...

Rusnano

Rusnano, a private equity firm focused on the development of nanotechnology in Russia, uses the DecisionTools Suite to model projections of different KPIs on two...

Pareto Solutions

Dr. Anthony Broskowski’s consulting firm, Pareto Solutions, helps state governments plan the privatization process for mental health and child welfare services. He relies on @RISK...

SMA Consulting

The City of Edmonton, Alberta, needed to determine costs and risks associated with expanding the Light Rail Transit system, with a goal of greater cost...

RDI Consulting

The Fehmarn Belt Fixed Link is a planned immersed tunnel that will cross the Fehmarn Strait to connect Denmark and Germany. This large infrastructure project...

Grupo Aguas de Portugal

Águas do Douro e Paiva in Portugal used @RISK for a study to determine the impact of building a new power sub-station in the town...

African Risk Capacity

'@RISK has been an important tool in the creation of African Risk Capacity Insurance Company Limited (ARC Ltd), Africa’s first sovereign catastrophe insurance risk pool. ARC...

Mettler Consulting

Consultant Don Mettler specializes in integrating software systems with Palisade risk analysis models to help large manufacturing companies make the most efficient use of their...

JB Scherer Consulting Group

Jerry Scherer presents an introductory case study that takes readers step-by-step through quantitative risk analysis, and how different stakeholders will have a different approach to...

DNV GL - Energy Systems

Det Norske Veritas (DNV) is a global provider of services for managing risk for a variety of industries worldwide. The organization was interested in comparing...

Hydroelectric Utility Colombia

To determine the project viability and profitability of constructing a new plant, one of Latin America's largest providers of hydroelectric energy used @RISK for budget...

Federal Highway Administration

To better understand the practical aspects of the use of probability and Monte Carlo simulation in life-cycle cost-analysis (LCCA), the US Federal Highway Administration developed...

Transelectrica

To meet EU requirements to protect critical infrastructure in Europe, Transelectra used @RISK to analyze energy market risks and set appropriate tariffs to protect against...

Carnegie Mellon University

A US-based nuclear power company decided to implement an advanced risk management program after signing engineering, procurement, and construction (EPC) contracts for three power plants...

Reykjavik Energy

The DecisionTools Suite enabled Enex, based in Reykjavik, Iceland, to determine the optimal timescale for procuring equipment during the construction of a new geothermal power...

Cummins

Cummins, the world’s leading designer and manufacturer of engines and related systems, standardized its Six Sigma decision analysis training to use @RISK throughout the corporation.

MRAG Asia Pacific

MRAG AP used @RISK to estimate the volume, species composition and value of illegal, unreported and unregulated (IUU) fishing in Pacific Islands tuna fisheries. The...

DNV GL - Shipping

DNV GL, an international organisation for ship classification, safety and quality control, uses PrecisionTree and @RISK to determine the risk of an incident occurring to...

MegaFon

Russian mobile network operator, MegaFon, uses several tools from Palisade’s DecisionTools Suite to integrate risk management within its budgeting and investment planning processes. This decision...

Murdoch University

In a study published in the February 2018 issue of Parasite Epidemiology and Control, Researchers at Murdoch University in Perth, Australia, used @RISK in analyzing...

Petrobras Uses @RISK for E&P Analysis

To evaluate risks such as O&G production, derivatives, commodities, and operating expenditures, the Exploration and Production (E&P) section of Petrobras developed an in-house system for...

University of Tasmania

When Tasmania’s booming Atlantic Salmon farming industry was looking to expand, it commissioned a case study that used @RISK to help evaluate three alternative production expansion technologies...

University of Plymouth

Dr. Sachin Kumar Mangla of the UK’s Plymouth Business School uses @RISK in his research on risk management in sustainable supply chains in India. Dr....

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