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IN THIS ISSUE |
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WHAT'S NEW |
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New UK Office Location
On September 14, our UK office will move to a new location: Oracle Corporation UK Ltd., One South Place, London. EC2M 2RB. We will update all contact information on our Web site (http://www.crystalball.com/uk.html).
Your Crystal Ball Team
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Crystal Ball Risk Analysis Public Seminar
Join us for a FREE Crystal Ball Public Seminar. This half-day event will feature two speakers who will teach attendees new applications and best practices for using Crystal Ball for process improvement initiatives.
Karl Luce , Principal Consultant for Oracle's Crystal Ball Global Business Unit, will present:
- An overview of Monte Carlo simulation using Crystal Ball and its application within process improvement projects
- Transactional Process simulation with emphasis on predicting quality and identifying inputs with major impact on output quality
- Stochastic Optimization techniques to ultimately reduce project time and implement best solutions rapidly
- Estimation of Cost Savings for Transactional Projects
Jay Gallagher, Senior Project Manager for Rockwell Collins, will present, "Crystal Ball For Stock Level Optimization."
This event will take place in
Cedar Rapids, IA on Wednesday, October 3, 2007, from 10:00 a.m. - 2:00 p.m.
(CDT) at the Kirkwood Community College. Lunch will be provided.
For more information or to register for this event, contact Joe Wozna (joey.wozna@oracle.com), 303.626.0108.
Seminario Publico de Crystal Ball

Hotel Camino Real de Monterrey, México
19 de Septiembre desde las 8:30 a.m. hasta las 11:30 a.m.
Crystal Ball esta complacido en anunciar primer el seminario gratuito de Crystal Ball aplicado a problemas de diseño Six Sigma y Lean Six Sigma. El seminario incluirá Desayuno, networking y la presentación de Andres Caminos, presidente de MGM (Management Consultores) de Argentina.
El seminario será realizara en las instalaciones del Hotel Camino Real de Monterrey el día miércoles 19 de Septiembre desde las 8:30 a.m. hasta las 11:30 a.m. El seminario es totalmente gratuito pero el espacio es limitado, solo 30 participantes, por lo que el registro es necesario.
Para Registrase simplemente llame o escriba por email a Erik Yaker, Gerente de cuenta de Crystal Ball para México. Erik Yaker puede ser encontrado en 1.303.825.4887 (USA) o erik.yaker@oracle.com.
IQPC Lean Six Sigma Improvement Week
September 18-21
Venetian Hotel, Las Vegas, NV
Aligning Lean Six Sigma with your organization’s strategy:
Transforming Lean Six Sigma into bottom-line improvement,
top-line growth and increased customer attraction and retention.
Crystal Ball is pleased to be present at this event! If you are attending this event, please plan to stop by our booth and say hello. We look forward to seeing you there.
> Learn more about this event
Upcoming Web Seminars
(1) The Next Generation of Financial Planning
Date: Wednesday, September 19, 2007
Time: 9:00 am Mountain Daylight Time (Denver)
Location: Your desk
Financial Planners have long searched for a tool that provides flexibility in modeling the specific nuances of various clients’ situations. The myriad of off-the-shelf financial planning programs contain many limitations. One of the biggest limitations found in most packages is not providing the flexibility to employ Monte Carlo simulation in the areas that you, as practitioner, would desire.
Please join Mike Patton, Principal of Integrity Wealth Management, LLC, as he demonstrates the use of Crystal Ball software in a series of financial planning applications. This Web seminar will examine the different ways Crystal Ball software can be utilized and the benefits that can be attained in a financial planning practice.
> Register to attend this Web seminar
(2) Cash Flow at Risk – Electronic Chip Production
Date: Tuesday, September 25, 2007
Time: 9:00 am Mountain Daylight Time (Denver)
Location: Your desk
Profitable production of electronic circuitry runs the gauntlet of unique technical and marketplace hurdles, all of which involve risk and cost. Many design firms choose to manage the process in house, because they believe the costs are deterministic and within budget. In fact, many of these costs require stochastic models, because single point analysis fails to value:
1. Cash flow at risk over a range of scenarios;
2. Covariance of cash flows of each new project with existing projects (lack of portfolio effect);
3. Opportunity costs of bearing risk for which they don’t have a comparative advantage;
4. Costs imposed by the capital markets for bearing risks.
Please join Alan Gorlick, financial consultant and University of Phoenix faculty member, as he shows the importance of using Monte Carlo simulation to determine cash flow and beyond.
> Register to attend this Web seminar
(3) Modelo de Valoración Financiera Para Proyectos de Construcción

Date: Thursday, September 27, 2007, Jueves, 27 de Septiembre
Time: 10:00 am (Bogota), corresponding to 9:00 am Mountain Standard Time (Denver)
Sebastián Castaneda, Experto internacional en Crystal Ball y Real Options Analysis Toolkit, nos hablará sobre el Modelo de valoración financiera para proyectos de construcción.
La evaluación financiera de proyectos de construcción es una herramienta clave antes de tomar cualquier tipo de decisión de inversión; la forma como se evalúan este tipo de proyectos, no es el adecuado desde el punto de vista financiero y analítico. Lo que se propone con esta metodología es una forma más precisa de realizar un análisis financiero por medio de un modelo que permita involucrar el comportamiento de las variables macroeconómicas y microeconómicas que afectan el sector, a través de la proyección de un flujo libre de caja, el cual se descuenta al WACC. Como resultado se tiene el Valor presente neto y la Utilidad neta, utilizando la simulación de Monte Carlo con el programa Crystal Ball, obteniendo un intervalo de confianza de los resultados esperados y analizando las variables que más afectan el valor en este tipo de negocios. Por ultimo se incluirá la valoración por medio de opciones reales incorporando las decisiones estratégicas que tienen este tipo de negocios.
> Register to attend this Web seminar (Presione aqui para registrarse)
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TRAINING SCHEDULE
Intro and Advanced Crystal Ball
USA and CANADA
San Diego, CA: Sep. 18-19
Denver, CO: Sep. 18-19
Cincinnati, OH: Sep. 18-19
New York City, NY: Sep. 18-19
Seattle, WA: Sep. 26-27
Washington, DC: Sep. 25-26
Jacksonville, FL: Sep. 25-26
Edmonton, AB: Oct. 2-3
Houston, TX: Oct. 2-3
Peoria, IL: Oct.
9-10
Los Angeles, CA: Oct. 9-10
Charleston, WV: Oct. 16-17
Minneapolis, MN: Oct. 16-17
Ottawa, ON: Oct. 16-17
Washington, DC: Oct. 23-24
Cleveland, OH: Oct. 23-24
Orlando, FL: Oct. 30-31
Seattle, WA: Oct. 30-31
Kind of Prussia, PA: Oct. 30-31
San Diego, CA: Nov. 6-7
Chicago, IL: Nov. 6-7
New York, NY: Nov. 6-7
Milwaukee, WI: Nov. 6-7
Washington, DC: Nov. 13-14
Boston, MA: Nov. 13-14
Phoenix, AZ: Nov. 13-14
Dallas, TX: Nov.
13-14
Houton, TX: Nov. 27-28
Montreal, QC: Nov.28-29
Portland, OR: Nov. 27-28
Toronto, ON: Dec. 4-5
San Francisco, CA: Dec. 4-5
Raleigh, NC: Dec. 4-5
Albuquerque, NM: Dec. 4-5
Miami, FL: Dec. 11-12
Vancouver, BC: Dec. 11-12
Philadelphia, PA: Dec. 11-12
Washington, DC: Dec. 18-19
New York, NY: Dec. 18-19
San Diego, CA: Dec. 18-19
EUROPE
Paris, France: Oct. 3-4
LATIN AMERICA
Visit the Web site for updates
ASIA / AUSTRALIA
Visit the Web site for updates
Advanced Crystal Ball for Oil & Gas
Buenos Aires, Argentina: Oct. 10-11
Calgary, AB: Oct. 16-17
Houston, TX: Dec. 18-19
Crystal Ball Applications for Six Sigma
San Diego, CA: Sep. 20
Jacksonville, FL: Sep. 27
Minneapolis, MN: Oct. 18
San Diego, CA: Nov. 8
Toronto, ON: Dec. 6
Miami, FL: Dec. 13
Introduction to Real Options
New York City, NY: Sep. 20
Seattle, WA: Nov. 1
San Francisco, CA: Dec. 6
Spreadsheet Modeling Techniques for Business: Best Practices
Paris, France: Oct 5
Washington, DC: Dec. 20
Suggest a training
date or location
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IQPC Lean Six Sigma Summit West
September 18-21, 2007
Las Vegas, NV
2nd Annual Global Six Sigma Summit & Industry Awards
October 23-26
Las Vegas, NV
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If you have questions, comments, or reader feedback, please send them to us at newsletter@crystalball.com
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Tomorrow's Forecast is an online production of Oracle. Newsletters are e-mailed to subscribers near the end of the first and third weeks of the month.
This e-mail newsletter is sent only to those individuals who either:
(1) Subscribed at our Web site, a training course, or a tradeshow, or
(2) Downloaded software from our Web site and requested more Crystal Ball software news.
To Subscribe
Subscriptions to Tomorrow's Forecast are FREE. Click here to subscribe.
To Unsubscribe
To unsubscribe, simply reply to the newsletter with the word 'UNSUBSCRIBE' as the subject of the e-mail. PLEASE leave the body of the message as you received it.
If the e-mail address from which you are replying is different than the one to which this e-mail was sent, please include your original e-mail address.
AOL subscribers: Please state your name in the body of the message.
You can also visit our Web site and follow the unsubscribe directions.
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CRYSTAL BALL RESOURCES |
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RECORDED WEB SEMINAR:
(1) Como resolver problemas complexos nas áreas de engenharia, finanças, marketing e planejamento por meio do Crystal Ball
No mundo real os problemas são complexos. Mas, em muitas vezes a solução pode ser encontrada por meio de ferramentas como planilhas eletrônicas combinadas com a flexibilidade da simulação de Monte Carlo.
Dentre estes problemas se destacam aqueles onde há incerteza sobre os valores futuros das variáveis e onde se devem quantificar os níveis de risco de cada escolha. A partir de informações quantitativas sólidas os gerentes podem tomar decisões em bases mais científicas e com menos subjetivismo.
Neste seminário com duração de 60 minutos, mostraremos como solucionar alguns problemas complexos utilizando-se planilhas eletrônicas juntamente com simulação de Monte Carlo. A simulação é realizada por meio das facilidades do Crystal Ball®. Estes exemplos são associados a quatro áreas distintas: mercado financeiro, engenharia, orçamento de capital e marketing.
> View this recorded Web seminar
(2) Making Your Critical Path Smarter - Schedule Risk Analysis with Crystal Ball

Traditional critical path schedules depend upon everything happening exactly as predicted.
But, activities vary in duration. They aren't exact. Varying activities can lead to
changing project endpoints, early use of contingencies, resource re-allocation,
re-negotiations with customers, and attention from business management.
Schedule risk analysis provides a way to 'make the activity durations smart',
develop a true critical path schedule - one that is most likely vs. using a
best-case or worst-case scenario, and focus in on the important activities
vs. just what looks critical. Schedule risk analysis with Crystal Ball uses
the best in the project team's knowledge and the best in statistical methodology
to create a realistic project schedule that you can actually deliver.
Please join Lorrie Tietze, Founder and Manager, Interface Consulting, LLC, for this one hour Crystal Ball Web seminar.
> View this recorded Web seminar
NEW TEXTBOOK: 
The Complete Idiot's Guide to Lean Six Sigma
By Breakthrough Management Group with Neil DeCarlo
Published by Alpha
Copyright 2007
Softbound, 400 pages
ISBN: 1592575943
Increasingly popular with large and mid-sized companies
around the world, Lean Six Sigma is the new hybridization
of Six Sigma and Lean methodologies, and there is
no better approach for achieving operational excellence
in an organization. But how do you implement Lean Six Sigma,
and what does it entail?
The Complete Idiot’s Guide to Lean Six Sigma is the first book
of its kind to integrate the Lean Six Sigma tools within a clear
stepwise progression, so readers know when and how to actually
apply them in their jobs. As such, this book is superior as a
companion to any corporate or organizational Lean Six Sigma “deployment.”
Be sure to check out Part Three for the section on Crystal Ball and Monte Carlo simulation for processes.
> Learn more about this textbook
> Order this textbook from Amazon.com
WHITE PAPER:
IMPROVING SOFTWARE PRODUCTIVITY USING LEAN SIX SIGMA
METHODS AND TOOLS
Kevin Lehigh
BearingPoint, Inc.
Source: 2007 Crystal Ball User Conference
Although equations and models have existed for some time, the means to easily apply this knowledge to software product
development to improve productivity have been long in coming. Macro tools such as Crystal Ball software provide
an excellent way to achieve software productivity aims. This was accomplished by modeling software development effort,
effects due to software size and complexity as well as quality issues against a schedule constraint.
As a Six Sigma project, a software spiral build cycle was modeled as the baseline. After doing a diagnostic/root cause
analysis, various methods were identified that could effect improvement in software productivity such as more testing,
improved peer reviews (PR), and reducing software complexity. The first improvement for the next build cycle focused on
improving the peer review process. Crystal Ball was used to predict the impact of this change on productivity and in
reducing the Cost of Poor Quality.
> Read the entire white paper
RISK TIP:
Enable Crystal Ball In Excel
When a user starts Crystal Ball and only sees Excel has loaded, Crystal Ball has probably been added to Excel’s disabled items list. During startup, Microsoft Office reviews all extensions and add-ins running with Excel. Those that Office detects to have problems during the load will either be fixed during startup or isolated. If the problems cannot be fixed a window will pop up that identifies the error and asks the users if they would like to disable that extension or add-in.
Today’s PC users have become accustom to clicking yes and next when these windows pop up during an application’s startup--more times than not the messages are never read. We encourage Crystal Ball users to read these messages as they play an important role in troubleshooting problems when it comes time to contact technical support. Here are instructions to troubleshoot a missing Crystal Ball toolbar after launching the application.
To enable Crystal Ball in Microsoft Excel 2003:
• Inside of Excel select the Help drop down
• Select about Microsoft Office Excel
• Select the Disabled Items Button in the bottom right corner of the window
• Enable the Crystal Ball entry
• Close Excel and restart Crystal Ball
To enable Crystal Ball in Microsoft Excel 2007:
• Click on the Office button in the upper left corner of the Excel Ribbon
• Select the Excel Options button on the bottom of the screen
• Click on the Add-Ins Button on the left
• Click the pull down menu at the bottom titled Manage and select Disabled Items and click Go
• Enable the Crystal Ball entry
• Close Excel and restart Crystal Ball
If after running through these instructions Crystal Ball continues to unsuccessfully load please email Crystal Ball technical support at helpdesk@crystalball.com.
Share a comment, risk analysis tip or a new CB Tip with your fellow Crystal Ball users! Send your contribution to newsletter@crystalball.com.
> Previously published tips and techniques |
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CONFERENCE ROUNDUP |
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Our roundup is a list of risk-related events that we publish in the first newsletter of each month. We highlight the events of the next month to give you enough lead time to register for any that interest you.
October 2007
The IASTED Asian Conference on Modelling and Simulation (AsiaMS 2007)
The International Association of Science and Technology for Development (IASTED)
October 8-10, Beijing, China
Beijing Xijiao Hotel
http://www.iasted.org/conferences/home-571.html
ASHRM Annual Conference & Exhibition
American Society for Healthcare Risk Management (ASHRM)
October 10-13, Chicago, IL
Hyatt Regency
http://www.ashrm.org/ashrm/annual2007/
International Conference on Software Quality
American Society for Quality (ASQ)
October 16-17, Denver, CO
Sheraton Denver West
http://www.asq.org/conferences/software-icsq-2007/index.html
RMA Annual Risk Management Conference
The Risk Management Association (RMA)
October 21-23, New Orleans, LA
Sheraton New Orleans Hotel
http://www.rmahq.org/RMA/default.htm
PRIMA Institute
Public Risk Management Association (PRIMA)
October 22-26, Dallas, TX
Hilton DFW Lakes
http://www.primacentral.org/content.cfm?sectionid=108&EventID=39
WCBF’s 2nd Annual Global Six Sigma Summit & Awards
October 23-26, Las Vegas, NV
Rio All-Suite Hotel & Casino
http://www.gsssa.com
Full program now available to download! 15% discount when you quote the following discount code: 5081CB15
The Huntsville Simulation Conference 2007
October 30 - November 1, Huntsville, AL
The Huntsville Marriott Hotel
http://www.scs.org/confernc/hsc/hsc07/hsc07.htm
3rd Annual European Lean, Six Sigma & Process Improvement Summit
Six Sigma IQ
October 30-31, Amsterdam, The Netherlands
Hotel Okura
http://www.iqpc.co.uk/cgi-bin/templates/singlecell.html?topic=241&event=13624
> Visit our Web site for the entire list of events (or to suggest an event for us to include)
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MONTE CARLO IN THE NEWS |
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Geometric Effects in the Control of Catalytic Selectivity by Surface Additives: Monte Carlo Simulation Studies
Source: Surface Science, Volume 191, Issues 1-2, 1987, Pages 239-248
The influence of lateral interactions between adspecies on a metal surface in the occurrence of “ensemble” and “electronic” effects in chemisorption and catalysis has been examined using Monte Carlo simulation method.
A Computer Simulation of Language Families
Source: Live Journal, Thu, 6 Sep 2007
This paper presents Monte Carlo simulations of language populations and the development of language families, showing how a simple model can lead to distributions similar to the ones observed empirically.
Monte Carlo Simulation: Predict How Certain is Uncertainty
Source: Prashant Hegde on August 17th, 2007
Uncertainty is a fact of life. Uncertainty arises because of many reasons - incomplete knowledge about the reality, complexity, our limitation to predict future events, unforeseen major events etc. This article explains the basics of Monte Carlo simulation models and how they can help simulate ‘reality’, help make predictions about the future outcome and help in making better decisions.
Read about Monte Carlo simulation in a recent article or paper? Let us know! Send your citation to newsletter@crystalball.com. |
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CBUG DISCUSSIONS |
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The Crystal Ball User Group (CBUG) is a Yahoo!® online forum where Crystal Ball users can discuss issues and methods related to Crystal Ball software.
PLEASE NOTE: You have several message delivery options when you join, including whether or not to receive single or digest e-mails. You can also opt not to receive any e-mail and simply log onto the Web site every so often to view discussion. |

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Copyright (c) 2007, Oracle and/or its affiliates. All rights reserved.
Oracle, JD Edwards, PeopleSoft, Hyperion and Siebel are registered trademarks of Oracle Corporation and/or its affiliates.
Microsoft and Excel are registered trademarks of Microsoft Corporation in the U.S. and other countries.
Yahoo! is a registered trademark of Yahoo! Inc.
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