Introduction | Why Use @RISK | Seminar HighlightsWho Should Attend? | About @RISK About The Presenter | Seminar Details | Registration
Are you a professional who needs to make business decisions on the basis of imperfect data? Can you make a spreadsheet model of the factors influencing your decision, but you cannot be sure of the numbers in it, so you don't know how accurate your predictions are?
Monte-Carlo risk analysis is a way to quantitatively assess the probability of occurrence of desirable or undesirable events. @RISK is an Excel add-in that allows you to do this sort of analysis on any model that can be expressed in a spreadsheet. The new version 5 has taken this well-established product and added and improved so many features that both existing and potential users will be truly impressed by the usefulness and simplicity of the program. Sign up for the seminar now, to see how you and your colleagues can make better decisions.
The seminar will discuss the principles of quantitative risk analysis, and how they can be applied to business decision-making. It will then demonstrate the use of the technique in several situations. We will show a model that estimates the profitability of a manufacturing business over a 10 year period, and presents the likelihood of making profit amounts from very small to very large values.
We have found that once they see @RISK demonstrated, people readily understand how it works, and can see applications in their own business.
Let us show you what we mean!
[ top ]
Some of the organisations who use multiple copies of @RISK are AgResearch, Baycorp, BNZ, Beca consulting, Bluescope steel, CHH, Connell Wagner, Ernst & Young, Fonterra, Inland Revenue, LINZ, Opus, Solid Energy, Telecom, Transit, Transpower, Vector, and Zespri.
The seminar takes you through models that illustrate decision making in uncertain situations.
• What is the likely NPV of a product development proposal? • Deciding how to represent uncertainty in your variables • Allowing for correlated uncertainty • How sensitive is your model to particular variables?• Preparing reports from your model• Sharing models with people who don't have @RISK
Other features new in @RISK version 5• Frequency Severity modelling• Six Sigma statistics• The @RISK Library
Dr Ray Hoare has degrees in mathematics, physics and chemistry and worked for many years in industrial and environmental science. For more than 15 years he has been helping people to analyse engineering, science and business data, as well as presenting seminars and training people in the use of statistical software.
About @RISK
Discover your NPV with @RISK
Click here for more info on @RISK.
The seminar will run for an hour and half with time for questions. If you can not attend the seminar, email leon@hrs.co.nz to be sent an information pack in the post.
To register for this FREE seminar click on one of the registration links below and fill in the form.
PLEASE NOTE: Registrations are open to NZ residents only and international residents wanting to attend seminars on this product should contact their respective local distributor.
