University of Arkansas Researchers Use @RISK to Analyze Rice Farmer Mass Tort Claims – Palisade
University of Arkansas Researchers Use @RISK to Analyze Rice Farmer Mass Tort Claims – Palisade
5 PagesCustomers & Industries: University of Arkansas Industry: Agriculture, Academic Product(s): @RISK Application: Analyzing Hybrid Varieties of Rice Crops Summary Dr. L. Lanier Nalley of the University of Arkansas used @RISK to compare the economic risk and return of RiceTec’s hybrid rice varieties to conventional, non-hybrid rice. Using @RISK’s Monte Carlo simulation features, Nalley was able to show that RiceTec’s hybrids were not only more profitable, but also less risky than their conventional counterparts. @RISK Home Customers & Industries University of Arkansas @RISK does an unbelievable job of creating very user friendly outputs. I gave a presentation of these findings at several places--and you don’t have to be a statistician to understand these very nice distributional outputs. Dr. L.
