Case Study: Illinois State University achieves hands-on mastery of Monte Carlo financial analysis with Palisade's @RISK

Illinois State University - Customer Case Study

Illinois State University used Palisade’s @RISK in Dr. Domingo Castelo Joaquin’s MBA and undergraduate corporate finance courses to teach students how to model uncertainty with Monte Carlo simulation. The challenge was giving managers and students a pragmatic, user-friendly way to move beyond point or range estimates and learn to build credible, correlated distribution-based analyses for real options, capital budgeting and other finance problems.

Palisade’s @RISK was deployed in hands-on computer labs where students run simulations, analyze sensitivity (e.g., tornado diagrams) and produce deliverables for complex case exams. The result is measurable classroom impact: students routinely deliver simulation-based executive memos and spreadsheet models, demonstrate greater confidence with statistical analysis, and are better able to structure analyses that support executive decisions using Palisade’s tools.

Illinois State University

Domingo Castelo Joaquin

Advanced Corporate Finance