Case Studies | Analytica in Risk and 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 Monte Carlo simulation make it remarkably simple to add treatment of uncertainty and twenty times faster to run than standard spreadsheets. Analytica's influence diagrams let you specify variables as uncertain simply by selecting an oval node to depict a chance variable. You can then select from a wide range of probability distributions, single or multivariate. You can view the results in almost any way you can imagine, density functions, cumulative distributions, probability bands, basic statistics, or even the underlying random sample values (if you really like the nitty gritty).
Risk analysts have been using Analytica for twenty years for a huge variety of areas. See below for a few examples.
How much water do we have?
In the small Napa Valley municpality of St. Helena, the increasingly limited supply of water has been at the heart of community discussion. When the City began updating its...More »
From controversy to consensus: Decommissioning California’s...
Should the 27 defunct oil platforms off the coast of California be dismantled? Or convert to artificial reefs for marine ecosystems?More »
Reducing flood risk in Ho Chi Minh City
After a devastating flood in Ho Chi Minh City, the World Bank worked with the city to develop a robust strategy for flood control to manage and mitigate future risks.More »
Integrated Climate Assessment Model
ICAM is possibly the most sophisticated environmental model created with Analytica. Experiments with ICAM have generated a wide range of valuable insights and numerous publications.More »
An integrated assessment of acid rain
A team of over 30 scientists at 11 organizations developed TAF as an integrated environmental assessment to help answer this question for the National Acid Precipitation Assessment...More »
Are farmed salmon safe to eat?
Are farmed salmon safe to eat? Finnish Public Health analysts show that eating farmed salmon is much healthier than beef.More »
Are cows worse than cars for greenhouse gas?
It turns out that methane from cows, pigs, and sheep generates more greenhouse warming than cars, trucks, trains, and planes combined. Canada uses Analytica to estimate the...More »
Analytica was selected to evaluate life-cycle costs for the proposed radioactive waste repository at Yucca Mountain, NV, after comparing it with 12 other software tools.More »
Earthquake insurance - Cost-effective modeling
Certus Consulting’s analysis of earthquake scenarios and insurance rates helped a San Francisco county optimize insurance premiums and move toward a long-term risk management...More »