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.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

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

06/23/2023 | Academic research, Environment & climate, Newsworthy, Portfolio management, Risk & uncertainty, Videos, Webinars

Quantifying methane emissions

None

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.

More...

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

Crossing frontiers: the dawn of a new era with AI

None

Celebrate the incredible strides made in artificial intelligence (AI) and machine learning (ML) while also assessing the risks, in the dawn of this new era.

More...

06/16/2023 | Case studies, Portfolio management, Risk & uncertainty, Transportation & manufacturing

Exploring the future of the automobile

None

Can alternative technologies such as biofuels, natural gas, electric vehicles, or hydrogen fuel cells reduce greenhouse gas emissions and dependency on oil?

More...

06/16/2023 | Case studies, Lumina consulting projects, Risk & uncertainty

NASA space shuttle mission: reducing time & costs

None

NASA applied Analytica’s risk-analysis features to help ground-operations reduce the time and cost to ready the space shuttle for the next mission.

More...

06/15/2023 | Case studies, Environment & climate, Risk & uncertainty, Water & ocean resources

How much water do we have?

None

The supply of water has been a community debate. Analytica was used to model water supply and demand, contributing to the St. Helena’s approval of new water usage policies.

More...

06/15/2023 | Case studies, Environment & climate, Projects by consulting firms, Risk & uncertainty

Assessing the Clean Air Act

None

How effective was the Clean Air Act at improving air quality and reducing acid rain? The NAPAP developed an integrated environmental assessment model to help answer such questions.

More...

06/15/2023 | Case studies, Decision analysis & multi-criteria, Environment & climate, Open-source models, Risk & uncertainty, Spreadsheet conversions, Water & ocean resources

Do Inuit hunters threaten whale populations?

None

Population variance, whale fertility and mortality in the absence of hunting are considered in this Analytica model to evaluate the risk to whale populations.

More...

06/15/2023 | Case studies, Decision analysis & multi-criteria, Energy & power, Environment & climate, Projects by consulting firms, Risk & uncertainty

Can California afford its ambitious climate policies?

None

The State of California uses the PATHWAYS Analytica model to show that it can reach its ambitious target of 50% reduction in GHG emissions by 2030 at reasonable cost.

More...