Category: 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.

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Past Blogs & Case Studies by Category

Energy & Power

Enviornment & Climate

Water & Ocean Resources

Risk & Uncertainty

Transportation & Manufacturing

Defence & Security

Academic Research

Lumina Consulting Firms

Category Posts

08/15/2024 | Risk & uncertainty

Embrace risk & uncertainty

Nemanja V

Risk and uncertainty are inevitable. Discover how best to mitigate risks and find robust decisions so that your clients can prosper under a wide range of possible futures.

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07/08/2024 | Blogs, Data mining, statistics, & AI, Risk & uncertainty

Latin hypercube vs. Monte Carlo sampling

Lonnie Chrisman

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…

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07/08/2024 | Decision analysis & multi-criteria, Modeling tips & tricks, Risk & uncertainty, Videos, Webinars

The value of knowing how little you know

None

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.

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07/08/2024 | Business & finance, Energy & power, Newsworthy, Portfolio management, Risk & uncertainty, Videos, Webinars

How utilities are reducing risks & saving money

None

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).

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