@RISK and StatTools critical for
Masters of Accounting students
Professor Joe Callaghan teaches Financial Analysis and Evaluation to students at Oakland University, where he has been an instructor for more than 20 years. A colleague who was using @RISK in a Management Information Systems Decision Modeling course sung its praises. Professor Callaghan was intrigued, and discovered that Palisade software has many useful applications in financial analysis.
"We use @RISK and StatTools extensively to teach both portfolio allocation and risk measurements and simulations, and financial securities valuations using simulated pro forma financial statements and cash flows," says Prof. Callaghan. "It is critical for Masters of Accounting students to have advanced Excel plug-ins to better learn applied statistics and simulations."
» More about Prof. Callaghan, his courses, and publications
Decision and Risk Analysis is a core part of the
module in the Business Information Technology degree at Kingston.
Before, students found it difficult to develop and run small decision
and risk models using Excel alone. Now they can use the full
capabilities of the powerful Excel add-ins that come with Palisade's
DecisionTools Suite to run and analyse even full-scale models in a very
efficient manner. My lectures have become more efficient too thanks to
the graphic facilities available in the software. There's nothing better
than a good graph to illustrate the concepts behind decision and risk
analysis and Palisade's tools help me enormously in this task.
PrecisionTree, TopRank and @RISK are all used intensively in our
computer-supported tutorials. Students learn quickly to build decision
and risk analysis models on the hoof because they are working in an
(spreadsheet) environment that is already familiar to them. They not
only learn but also have fun! In summary, Palisade's DecisionTools Suite
has revolutionised our delivery of the Management Science module at
The DecisionTools Suite Professional is currently being used by
approximately 150 Degree Students, with this number rising over the next
three months, to an anticipated 180.
L. Alberto Franco, Senior Lecturer in
Management Science, Kingston
Palisade Roadshows on Strategic Risk
Taking the show on the road!
Palisade is pleased to announce this free seminar series on the quantification and analysis of risk in a variety of industries. Please join us for this unique opportunity to learn powerful risk and decision analysis techniques that you can immediately apply to your work. Monte Carlo simulation, sensitivity analysis, and optimization are among the techniques that will be demonstrated, using @RISK and DecisionTools Suite software from Palisade.
» See the schedule, and sign up today!
Over 60,000 students use the DecisionTools Suite annually in their MBA and graduate level programs. In 2011, 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:
||Appalachian State University|
Colorado School of Mines
Illinois State University
North Central College
Pennsylvania State University
Stevens Institute of Technology
University of Alabama,
University of Alaska, Anchorage
University of Maryland
University of Pennsylvania
University of Texas - Austin
University of Toronto
University of Wyoming
Université de Moncton
Université du Québec Outaouais
||AGH University of Science & Technology - Poland |
Edinburgh Napier University - United Kingdom
FH Kiel - Germany
London School of Economics & Political
Science - United Kingdom
Pontificia Universidad Católica de
Chile - Chile
RMIT University - Australia
Royal Veterinary College - United Kingdom
University of Trinidad & Tobago -
Trinidad & Tobago
Universidad de Murcia CEEE - Spain
Universidad Politecnica de Valencia -
University of Oxford - United Kingdom
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 5.7.1 for your course by contacting:
Palisade Academic Sales
800-432-7475 / 607-277-8000
The bottom line is, with @RISK by
Palisade, we can now quantify economic
uncertainly with considerable insight. The
analytics in @RISK are up front, available,
and flexible enough to provide me with
everything I need. It’s obvious that
@RISK is a great software package for
commercial use, but for us, we see equal
value as a teaching tool.
Larry Chorn, Associate Professor of Petroleum
Engineering, Colorado School of Mines
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.
Scheduling and Timing
Excerpted from Decisions Involving Uncertainty by James Murtha, published by Palisade
Scheduling and timing issues refer to the allocation of capital and other resources over time as well as to the generation of revenue. How much money should be invested in seismic data acquisition, platforms, facilities, pipelines, and drilling? How do we spread out these investments over time? To what degree are the schedules dependent on anticipated volumes of recovery? What will the production profile look like? Are there stages to consider such as primary depletion, water flood, enhanced production? This section addresses some of the
many time-dependent inputs to a comprehensive investment model. Needless to say, the uncertainty issues involved in such matters can be challenging to quantify.
Download the example spreadsheet and
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 Statistics for Business
and Economics, 6th Edition
by Thomas A. Williams
This reader-friendly introduction to business statistics offers a wealth of real-world examples, proven methods, and application exercises that clearly demonstrate how statistics can inform decisions and suggest solutions to contemporary business problems. The authors' signature problem-scenario approach and numerous exercises in every chapter show students how to apply statistical methods in practical business situations. In addition, the Sixth Edition includes new case problems, methods, applications, and self-test exercises to help students' master key formulas and apply their knowledge. This title is available with DecisionTools Suite and StatTools software for Excel. Trust the latest version of this market-leading essentials text to introduce sound statistical methodology in a proven applications setting. The book includes all of the strengths of the best-selling parent text, with a streamlined focus on the core topics and a concise presentation that is easy for students to follow.
» Learn more from the publisher
» View 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.
A Balanced Real Estate and Human
Resource Model for Assessing the
Financial Implications of Large Scale
Real Estate Decisions
Franklin Becker, Ph. D. and Arthur Pearce, M. R. P.
Cornell University, International Workplace Studies Program
As large organizations grow and evolve over time, they face the challenge of
accommodating change in a manner that contains costs while strengthening the
firm’s competitive position in the marketplace. Invariably, not only initial capital
and long term operating costs, but the effect of the real estate decision on the
firm’s ability to attract and retain staff, and their ability to work productively, must
be considered. Compounding an already complex decision is that the factors
influencing such decisions are often highly uncertain, and that there is limited data
on the impact of such decisions on human resource factors. Yet such decisions
must be and are made. This article describes the Cornell Balanced Real Estate
Assessment model (COBRA©), a prototype tool which address these issues.
Read the full paper here
Professors using Palisade software share examples and teaching tips they've used in class in Palisade's Academic Webcast series. Register online at no charge.
Portfolio Management using @RISK
To be presented by Matt Rosenberg, RoseCap Investment Advisors
September 20, 2012, 11:00am EDT (Eastern Daylight Time)
This free live webcast is intended to show the benefits of using Monte Carlo simulation in the processes of portfolio construction, and portfolio management for individuals, families and institutional investors. Topics will include a general overview of the portfolio management processes, as well as specific examples showing the use of @RISK for risk management within these processes.
» Read more details about the webcast and register here
» See complete Webcast schedule
Story to Share?
We are always on the lookout for interesting content to add to our academic newsletter. Many of our academic users are involved in projects using our software which might have wide appeal and be of general interest. If you have a story to share, send it to:
firstname.lastname@example.org and we’ll consider it for an upcoming edition!
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
» @RISK and StatTools
of Accounting Students
» Palisade Roadshows on
» Recent School Adoptions
» Licensing Options
» Teaching Tips &
Scheduling and Timing
» Textbook of the Month
Essentials of Statistics for
Business and Economics,
» Featured White Paper
A Balanced Real Estate and
Assessing the Financial
Real Estate Decisions
» Academic Live Webcast
» Story to Share?
» About Palisade and the
Click to chat live with
a sales representative
Industry experts present real-world case studies, Palisade consultants deliver workshops and training, plus sneak previews of new software. Don't miss the opportunity to sign up for an Expert Session, in which you can have an expert review your model and answer questions, one-on-one, at no charge!
» London: 18-19 April
» Sydney: 29-30 May
» Las Vegas: 7-8 Nov
» Training Seminars
Auckland: 18-19 July
Brisbane: 8-9 August
Singapore: 21-22 August
27-29 de junho
São Paulo: 17-19 de julho
Rio de Janeiro, 7-8 de agosto
EMEA & India
Paris: 21-22 June
London: 31 July - 1 August
24-26 de julio
30 de julio al 3 de agosto
San José: 27-31 de agosto
Toronto: 27-29 June
Boston: 17-19 July
Houston: 17-19 July
San Francisco: 14-15 August
Calgary: 14-16 August
Charlotte: 21-22 August
» Live Web Training
Quantitative Risk Analysis
using the DecisionTools Suite
6-7 September, 9am-1pm ET
21-22 June, 1pm-5pm ET
17-18 September, 9am-1pm ET
Quantitative Risk Analysis
5-6 July, 1pm-5pm ET
26-27 July, 1pm-5pm
Project Risk Assessment
20 August, 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.
RoseCap Investment Advisors
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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