Stanford University Press Publishes
New Text on Entrepreneurial Finance
Featuring DecisionTools Software
Stanford University Press has released an important new textbook in the rapidly expanding field of entrepreneurship: Entrepreneurial Finance: Strategy, Valuation, and Deal Structure by Janet Kiholm Smith, Richard L. Smith, and Richard T. Bliss. The new title is unique in its application of quantitative, probabilistic analysis to tackle the enormous uncertainties facing any new venture.
The authors specifically address the influences of risk and uncertainty on new venture success. They devote substantial attention to methods of financial modeling such as Monte Carlo simulation and decision trees, available in the industry-leading analytical software package DecisionTools Suite from Palisade. One component of the Suite, PrecisionTree, is explicitly used to construct decision tree models, and another, @RISK, can easily be applied to the Monte Carlo analysis models in the book. An educational version of The DecisionTools Suite is available to students via the book’s companion Web site.
» More information on Entrepreneurial Finance
» More information about the DecisionTools Suite
Powerful software that is easy to use. It’s a
hard combination to find.
Clifford G. Holderness – MIT and Boston College
Palisade is happy to showcase professors who implement our tools into their teaching. This month we would like to introduce you to Jürgen Koblitz from Zittau/ Görlitz University of Applied Sciences
German University Shows Versatility
of @RISK Software
Palisade’s @RISK software is designed to be applied to a limitless number of applications.
But we continue to be impressed with the new ways that professors make use of our software.
Take the example of Professor Jürgen Koblitz, a 25-year veteran of Zittau/Görlitz University of Applied Sciences in Germany.
Koblitz teaches a special statistics course for students in the Housing and Real Estate Management Program.
In his course, Koblitz shows his students how to use @RISK software to:
- Analyze the rents of flats in different regions.
- Look at customer satisfaction in areas such as shopping centers.
- Investigate decisions about solar plants.
Koblitz was using a different software package but sought out a program that could seamlessly integrate into Excel and was less complicated to use. He found the perfect fit with @RISK. Koblitz is also looking at using another Palisade product, NeuralTools, for classifications in regional statistics.
The use of @RISK is not surprising considering the forward-thinking educational traditional of Zittau/Görlitz University.
The towns of Zittau and Görlitz are both steeped in tradition with a focus on education, science and art.
In 1992, the school was founded as a twin-campus university, with locations in Zittau & Görlitz, Germany. Previously, both cities had their own respective universities. However, after German reunification, it was decided to unite the schools into one.
» More about Jürgen Koblitz and Zittau/Görlitz University
of Applied Sciences
Over 60,000 students use the DecisionTools Suite annually in their MBA and graduate level programs. In 2010, over 800 universities worldwide adopted the DecisionTools Suite. Professors in business, engineering, OR, and other fields keep their students on the cutting edge by teaching the latest analytical techniques from Palisade. Some major schools with programs and courses that standardized on the DecisionTools Suite last month include:
US and Canada:
George Washington University
Kansas State University
Lebanon Valley College
Montana State University
United States Military Academy
University of Delaware
University of Maine
University of Pennsylvania
University of Texas at San Antonio
University of Utah
||Asian Institute of Technology
Fundacion Univ. de Las America-Puebla
Judge Business School
Nanyang Technological University
Pontifícia Universidade Católica do Paraná
SLU Swedish University of Agriculture Sciences
The University of New South Wales
Universidad de Valencia
Universite Paris Dauphine
University of Western Australia
There are three easy ways to get the DecisionTools Suite for your students:
Course Licenses available from Palisade. These are economical, annually renewing bulk licenses for both
network lab and laptop installation.
» Learn more
Student Versions from Palisade. These are 12-month versions available for purchase individually by students through either the Palisade web site or the school store.
» Learn more
Textbook Editions available bundled with textbooks.
These are time- and model-limited licenses.
» Learn more
Get DecisionTools Suite 5.7 for your course by contacting:
Palisade Academic Sales
800-432-7475 / 607-277-8000
@RISK was vital to our simulation model.
It allowed us to incorporate uncertainties
and correlations, and to systematically
evaluate each of the policy tools.
Professor Brent Gloy, Cornell University
The DecisionTools Suite is a great way to present quantitative techniques in a straightforward, easy-to-understand way. Each month we feature an example or tip illustrating how students can gain "real world" benefits by implementing quantitative analysis.
To Buy or Lease to Own or Charter
Excerpted from @RISK Bank Credit and Financial Analysis by Roy L. Nersesian, published by Palisade
A common decision faced by managers is whether to buy or enter into a
short-term lease for equipment or to rent office space on a long or short-term lease. A short-term lease may be at a lesser rate, but a manager must worry
about what happens when the lease expires such as replacing equipment or finding new office space. Moreover, the rate for a new short-term lease to
replace the equipment or obtain new office space is not known. This worry can be avoided by entering into a long-term lease. But this also has its
drawbacks. The equipment may become obsolete during the lease period. The equipment or the office space may no longer be needed or adequate to serve
the needs of the company. These are imponderables in deciding whether to enter into long or short-term leases, but @RISK is designed to handle
Download the example spreadsheet and step-by-step instructions
The DecisionTools Suite is included in dozens of major textbooks, and is a key component of more titles every year. Authors use the DecisionTools Suite to illustrate key analytical concepts and build examples demonstrating the value of quantitative techniques in business, OR, and engineering.
Essentials of Modern Business Statistics with Microsoft Excel, 4th Edition
By David R. Anderson; Dennis J. Sweeney; Thomas A. Williams
From the renowned author team that has been writing market-leading business statistics textbooks for more than 20 years, this book provides a brief introduction to business statistics that balances a conceptual understanding of statistics with the real-world application of statistical methodology. Microsoft Excel 2007, is integrated throughout the text, showing step-by-step instructions and screen captures to enhance student learning. The fourth edition contains the same student learning features that have made ASW products best-sellers for years, including the problem-scenario approach and real-world examples that introduce statistical techniques. The latest DecisionTools Suite software is utilized and included with the text as well.
» Learn more from the publisher
» See a list of books bundled with Palisade software
Professors, PhD candidates, practitioners and others often use the DecisionTools Suite as part of a complex analysis to address important problems. These analyses are published in white papers. Each month we will feature a different academic white paper addressing a wide range of issues.
Monte Carlo Simulation-based Supply
Chain Disruption Management for
By Shilan Jin and Jun Zhuang, Industrial and Systems Engineering,
SUNY at Buffalo; Zigeng Liu,
Wisconsin School of Business,
University of Wisconsin-Madison
In this paper, we integrate supply chain risk management with a government-terrorist game conducted in war zones (such as Afghanistan and Iraq). The equilibrium outcomes of wargames depend on the government’s resources delivered through military supply chains, which are subject to disruptions such as natural disasters and terrorism. We study the government’s optimal pre-disruption preparation strategies, including inventory protection and capacity backup protection. Considering the uncertainties (e.g., the outage length of a disruption and the level of resources available to the terrorist), we conduct Monte Carlo simulation experiments to numerically investigate the benefits using our disruption preparation strategies compared with other strategies.
View the full paper
|The Academic Global Leader in
Risk and Decision Analysis
Palisade is the world’s leading provider of risk and decision analysis software and solutions. Founded in 1984, its products @RISK and the DecisionTools Suite are used by over 95% of the Fortune 100, in nearly every industry around the world. Palisade is headquartered in New York State, and has offices in London, Sydney, Rio de Janeiro, and Tokyo.
What is The DecisionTools Suite?
The DecisionTools Suite is the world’s only integrated set of risk and decision analysis programs. The Suite includes @RISK for Monte Carlo simulation, PrecisionTree for decision trees, and TopRank for “what if” sensitivity analysis. In addition, DecisionTools Suite comes with StatTools for statistical analysis and forecasting, NeuralTools for predictive neural networks, and Evolver and RISKOptimizer for optimization. All programs work together seamlessly, and all integrate completely with Microsoft Excel for ease of use and maximum flexibility.
The Suite is offered in three affordable and flexible licensing options for those in academia: Student Versions, Course Licenses and Full Academic Versions.
» Schools using Palisade software
» Textbooks using Palisade software
» Stanford University Press
Publishes New Text on
of Applied Sciences
» Recent School Adoptions
» Licensing Options
» Teaching Tips &
To Buy or Lease to
Own or Charter
» Textbook of the Month
Essentials of Modern
Business Statistics with
Microsoft Excel, 4th Edition
» Featured White Paper
Monte Carlo Simulation-
based Supply Chain
» About Palisade and the
Click to chat live with
a sales representative
Industry experts present real-world case studies about innovative and interesting approaches to risk and decision analysis. Also, ever-popular workshops and training delivered by Palisade consultants, and sneak previews of new software.
» Amsterdam: 29-30 March
» Mexico City: 1-2 June
» Rio de Janiero: 14-15 Sept
» Las Vegas: 10-11 Nov
These seminars are designed to show companies and individuals the benefits of using Palisade solutions – and will also show existing customers how the latest releases can add even more value to their business.
» Brisbane: 3 November
» Dublin: 4 November
» Perth: 15 November
» Trade Shows
Palisade will be attending the following trade shows in the coming months.
PMI Global Congress 2011
October 22nd – October 25th
Dallas/Fort Worth, TX
October 30th – November 3rd
Colorado Convention Center
INFORMS Annual Meeting
November 13th – 16th
Charlotte Convention Center
DSI - Decision Sciences Inst
November 19th – 22nd
» Training Seminars
Perth: 16-17 November
Sydney: 7-9 December
Recife: 25-27 de outubro
9-11 de novembro
23-25 de novembro
Rio de Janeiro:
30 de nov a 2 de dezembro
Brasilia: 7-9 de dezembro
EMEA & India
Johannesburg: 26-28 October
London: 26-28 October
Aberdeen: 16-18 November
London: 21-23 November
Milan: 28-29 November
7-11 de noviembre
21-25 de noviembre
Dallas: 25-27 October
Atlanta: 6-7 December
» Live Web Training
Decision-Making and Quantitative Risk Analysis
2-3 November, 11am-3pm ET
17-18 Nov., 11am-3pm ET
Decision-Making and Quantitative Risk Analysis using the DecisionTools Suite
1-2 December, 11am-3pm ET
20-21 Dec., 11am-3pm ET
Project Risk Assessment Using @RISK for Project
7 November, 9am-1pm ET
» Live Webcasts
These complimentary sessions are 30-60 minutes, held via web conference. See industry case studies, software demos, applications, and more.
Introduction to Risk Analysis using @RISK and the DecisionTools Suite
Modeling Oil & Gas Risk
Problems using the
Introducción al análisis de riesgo y decisión con @RISK y DecisiónTools Suite
October 26, 10:00am (UK)
Petroleum Resource Evaluation Using @RISK
Dr. Ronald Brimhall
Introduction a l’analyse des Risques et décisions avec @RISK et DecisionTools Suite
Use of @RISK for Quantifying
Uncertainty in Innovation
Dr. Jose A. Briones
Palisade software is available in fully functional trial versions. Try @RISK or any of our software today!
The complete risk and
decision analysis toolkit
The world's most widely
used risk analysis tool
» @RISK for Excel
» @RISK for Project
» @RISK for Six Sigma
Visual decision analysis
Sophisticated neural networks for spreadsheets
Advanced statistical analysis for spreadsheets
The Innovative Optimizer
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