Risk & uncertainty
From its inception, Analytica was designed to analyze risk and uncertainty — unlike spreadsheet applications which require special add-ins. Analytica’s fully integrated features for sensitivity analysis, scenario analysis and Monte Carlo simulation make it remarkably simple to treat risk and uncertainty in your models. Here are some examples of how organizations are using these methods.
Latin hypercube vs. Monte Carlo sampling
In a post on LinkedIn, David Vose argues that the advantages of Latin Hypercube sampling (LHS) over Monte Carlo are so minimal that “LHS does not deserve a place in modern...
How utilities are reducing risks & saving money
Learn about the Risk Spend Efficiency (RSE) framework, how California utilities have been using it, and RSE within ANAGRAM (Analytica for Natural Gas Risk Analysis and Management).
The value of knowing how little you know
Understand the Expected Value of Including Uncertainty (EVIU), compare with the Expected Value of Perfect Information (EVPI), and the insights it gives into a variety of problems.
Social influences in modeling energy decarbonization
Discover how blending social dynamics with energy models revolutionizes climate policy, offering sustainable, culturally-informed solutions.
Estimation of the EVI using Monte Carlo
The expected value of information (EVI) lets you estimate the value of getting new information that reduces uncertainty. At first blush, it seems paradoxical that you can estimate...
US gas leaks much larger than previously estimated
A new Stanford-led study on natural gas leak rates from oil and gas activity across a large fraction of the US are about 3x more than previous government estimates. The…
AI weekly updates with Lonnie Chrisman
Get the latest AI insights with Lonnie Chrisman's weekly updates. Follow us on social for trends and developments from an AI expert.
Quantifying methane emissions
Aerial surveys found that a small number of high-impact super-emitting events are responsible for most methane emissions, which were significantly higher than previously estimated.
Some Analytica customers
