December 2020
Analytica Cloud Platform (ACP) 3.0 Update
We are pleased to announce the beta release 3 of Analytica Cloud Platform in the week of December 14th! ACP lets you deploy your Analytica models as web applications. ACP 3 is a complete rewrite using modern web technologies (html5, React JS, and WebSockets). It uses an innovative flow architecture that makes interaction a lot snappier. Otherwise, you’ll find it behaves a lot like ACP1. But the new technology will also let us add further the user interface and features more rapidly — so be ready for further improvements!
If you’d like to test the beta release, email us at ACP@lumina.com.
The value of knowing how little you know: Catching a flight
What time should you leave to catch a plane flight? We all know intuitively to leave extra time for traffic and other uncertainties. But how much is it worth analyzing the uncertainties explicitly instead of simply ignoring them? Max Henrion gave a talk on uses of the Expected Value of Including Uncertainty (EVIU) at Risk Awareness Week 2020, in conversation with Alex Sidorenko, the Chair of RAW — with a comment from Socrates. You can see the video and download the Analytic model from here wiki page.
Tips and Tricks: Sensitivity, Monte Carlo and more
Sensitivity, uncertainty and Monte Carlo simulation analysis let you find out which assumptions and uncertainties make a real difference to the results of your model — Max went over approaches to express uncertainty, why to treat uncertainty with probability distributions, how to create chance variables, Monte Carlo simulation and a few other items. For a link to the slides and this portion of the training here is the link.
Welcome, James Milford!
We are delighted to welcome James Milford as Lumina’s new Director of Consulting Services. James has more than ten years of experience in using Analytica for energy and environmental modeling consulting. He has given training in Analytica, including two already this year in conjunction with Max Henrion. Most recently, he was Director of Technology at Lumidyne Consulting. Before that, he was a Managing Consultant in Navigant’s Energy Practice. At the National Renewable Energy Laboratory, James led a multi-million-dollar project with 6 other National Labs and Lumina to build SEDS, an Analytica model to help the US Department of Energy manage its portfolio of R&D projects and project their long-term effects on energy costs and greenhouse gas emissions. To learn more about Lumina’s consulting services, email him at James.Milford@Lumina.com.
Lumina is hiring!
We’re hiring again: We’re looking for a Senior Analyst to join our consulting team to build decision models for our clients, mostly in energy, climate, and risk analysis. You should have a graduate degree, excellent quantitative skills, and enjoy building models and working with clients. And we’re also looking for a Software Developer to join our engineering team. You should have extensive experience in writing excellent code in C++ and Javascript. Nice to have: Interest in quantitative analytics and UI design. Both positions are ideal for talented people who are keen to learn more. Lumina’s small size and outstanding team mean you’ll work with and be mentored by the best. You can work in our Silicon Valley or Denver offices or remote. Email us at careers@Lumina.com.