4 September 2008

Integrated risk analysis tools, DecisionTools Suite 5.0, enhances informed decision-making

Cranfield University’s (www.cranfield.ac.uk) School of Applied Sciences used @RISK software from Palisade Corporation (www.palisade.com) during a research project to encourage business managers in the oil and gas industry to invest in the long-term reliability of production equipment. The assignment illustrated that time and resources spent early on in the product design lifecycle can significantly increase return on investment (ROI).