Quantifying Risk with Simulation Using Oracle Crystal Ball

Presented by

Steve Hoye

About this talk

Monte Carlo simulation is a widely used technique for dealing with business uncertainty in applications like cost estimation, continuous improvement, engineering, and business forecasting. In this 10 minute segment, we illustrate why simulation is useful for these applications, and demonstrate how it works on a very simple cost-estimation model. The example shows how a single estimate of project cost is naïve regarding expectations and downside exposures of the company to the project.

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Oracle Crystal Ball is the leading spreadsheet-based application suite for predictive modeling, forecasting, simulation, and optimization. It gives you unparalleled insight into the critical factors affecting risk. With Crystal Ball, you can make the right tactical decisions to reach your objectives and gain a competitive edge under even the most uncertain market conditions. To ensure our customers have access to the best and brightest information on key industry topics, we are delivering presentations from Industry and Product Experts, Existing Customers, and Thought Leaders. Complimenting the presentation calendar is an ongoing set of Product Demos and Self-Service Tutorials delivered by Oracle Product Experts. The Oracle Crystal Ball Channel is the home of Informed Business Decisions.