(Palisade Corp.: Ithaca, NY) -- Palisade Corp. is now in partnership with the management consultancy Rath & Strong, based in Lexington, Massachusetts. The firm’s current consulting and training emphasizes lean Six Sigma, and the goal of its new partnership with Palisade is to expand the role of Monte Carlo simulation in lean Six Sigma practice. Palisade’s software @RISK 5.0 will be an important analytic tool for Rath & Strong, and Palisade will advise the firm’s consultants on the use of Monte Carlo simulation in process improvement.
“As many Six Sigma Black Belts know, Monte Carlo simulation is an important technique for lean Six Sigma and design for Six Sigma because it allows practitioners to simulate and optimize process variables before implementation,” says Steve Hunt, Palisade’s Six Sigma product manager. “This reduces the time and cost of any design of experiment process.”
Rath & Strong’s vice president, Augie Stagliano, works with clients on process optimization, and because of his background in operations research and applied statistics, he was aware of how much Monte Carlo simulation could add to his clients’ process improvement projects. He initiated the partnership arrangements on behalf of his firm and will lead efforts to train Rath & Strong consultants on @RISK.
“I really like the functionality of @RISK—the intuitive interface makes it easy to demonstrate an analysis—and I wanted to work with a company that could energize the adoption of Monte Carlo simulation throughout our operations,” says Stagliano.
For further information, visit www.palisade.com/risk/sixsigma/.