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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

herd of cows

07/08/2024 | Case studies, Environment & climate, Lumina consulting projects, Risk & uncertainty, Spreadsheet conversions

Are cows worse than cars for greenhouse gas?

Turns out that methane from farm animals generates more greenhouse gas emissions than cars, trucks, trains, and planes combined.

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07/08/2024 | Business & finance, Risk & uncertainty, Videos, Webinars

Using Analytica to model farm financial risk

Analytica provides the perfect platform for Agricultural Economists to explore the tradeoff between risk and profit at the farm level.

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07/08/2024 | Case studies, Decision analysis & multi-criteria, Energy & power, Environment & climate, Open-source models, Risk & uncertainty, Water & ocean resources

Controversy to consensus: offshore oil platforms

Offshore oil in California is highly controversial. But, Lumina’s decision model on decommissioning oil platforms led to consensus for “rigs to reefs”.

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07/08/2024 | Business & finance, Modeling tips & tricks, Portfolio management, Risk & uncertainty, Videos, Webinars

Analysis for finance & decision professionals

Watch Dan Zoppo’s webinar on the powerful Least Squares Monte Carlo method for real options problems that can add value to a businesses.

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07/08/2024 | Academic research, Case studies, Decision analysis & multi-criteria, Energy & power, Environment & climate, Risk & uncertainty

Social influences in modeling energy decarbonization

Discover how blending social dynamics with energy models revolutionizes climate policy, offering sustainable, culturally-informed solutions.

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

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…

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07/08/2024 | Academic research, Case studies, Energy & power, Environment & climate, Newsworthy, Risk & uncertainty

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…

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06/23/2023 | Blogs, Data mining, statistics, & AI, Risk & uncertainty

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.

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