REDsimulation

“ All models are wrong, but some are useful. ”

- George E. P. Box, 20th century British statistician

Current real estate development (RED) modeling crudely accounts for variability by varying a couple of variables at a time. However, there is the ability to setup distributions for all model input values and then perform simulation modeling. TRIZ utilizes the monte carlo simulation capability from Palisade’s @Risk & DecisionTools Suite. This analysis does not replace the initial back of the envelop analysis. However, it importantly identities key drivers of risk, which allow for focusing on ways to mitigate that risk.

Example 1 - Massing Options

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Example 2 - XXX

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Example 3 - Waterfall Promote Terms

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