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How utilities are reducing risks & saving money

Get the most bang for your buck with Max Henrion & Sam Savage (August 18, 2023)

Max Henrion, PhD, CEO of Lumina and Sam Savage, PhD, Executive Director of ProbabilityManagement.org will explain the Risk Spend Efficiency (RSE) framework, how California utilities have been using it, and illustrate RSE with ANAGRAM (Analytica for Natural Gas Risk Analysis and Management).

The California Public Utilities Commission requires utilities to quantify risks and use risk-spend efficiency (RSE) to prioritize mitigations based on how much risk they reduce per dollar invested. In this webinar you will see how California utilities use this framework and illustrate the approach with ANAGRAM.

Max and Sam both advise the California Public Utility Commission on the Risk Decision Framework used by California electric and gas utilities.

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    Download the free edition of Analytica

    The free edition of Analytica includes these key Analytica features: 

    Free Analytica has no time limit. The only constraint is it won’t let you create more than 100 variables or other objects. But your model can be quite substantial since each variable can be a multidimensional array.  It also lets you explore, change inputs, and run existing models of any size (excluding features unique to the Enterprise or Optimizer editions).

    Analytica runs on any Windows computer, or on a Macintosh using Parallels or VMWare.


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