Our CEO, Randy Heffernan, was featured in the May 2021 issue of Risk Management Magazine. In this article he shared, in part: Monte Carlo simulation performs risk analysis by building models of possible results by substituting a range of values—a probability...
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...
A recent article written by Palisade’s vice president, Randy Heffernan, explores a variety of applications of Monte Carlo simulation in the manufacturing sector, such as: minimizing pilot programs, enterprise resource planning, supply chain continuity and...
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...
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...
