Case Study

Making Medicine Count: Monte Carlo Simulation and Optimization Bolsters Efficacy of Humanitarian Programs – Palisade

Making Medicine Count: Monte Carlo Simulation and Optimization Bolsters Efficacy of Humanitarian Programs – Palisade

Pages 7 Pages

Customers & Industries: Linksbridge SPC Industry: Non-Profit Product(s): DecisionTools Suite, PrecisionTree Application: Evaluating Effi cacy of Public Health Initiatives Summary A consulting firm that advises international development organizations has the directive to determine what eff orts have the highest impact along with the best value for money spent. In this case study example, they used @RISK, RISKOptimizer, and PrecisionTree (all components of the DecisionTools Suite) to help determine the best method of introducing life- saving medicines in developing countries. The process requires analytical forecasting of both demand and supply of the health commodity, as well as a detailed market analysis. With the aid of Palisade’s DecisionTools Suite software, the consultancy has been abl

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