Randy Heffernan

Randy Heffernan is chief executive officer of Palisade Company which provides risk and decision analysis software solutions globally for industry and science, including @RISK and the DecisionTools Suite.

Articles By Author

Monte Carlo Simulation Provides Insights to Manage Risks

May 28, 2021

Monte Carlo simulation furnishes decision-makers with a range of possible outcomes and the probabilities they will occur for any choice of action.

Monte Carlo Simulation and Human Risk

March 4, 2013

Monte Carlo simulations have been used to save lives and guide decision makers through disasters.