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Advanced Workshop on Monte Carlo: From Classroom to Boardroom to Courtroom

Format: Training Pack
Originally presented: September 29, 2015

Earn 4.5 CPE credits


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Price: $499
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Get a fresh take on Monte Carlo simulations with the perfect combination of the practical and the theoretical from BVR’s four-hour advanced web workshop

Expert intellectual property appraiser Mike Pellegrino will lay the foundation by addressing the origins and theory of Monte Carlo with an emphasis on how to apply it in your valuations. He’ll be joined by Dave MacAdam who will cover real world examples from his role as Senior Manager of Innovation Strategy for global aluminum company Novelis.

Within the framework of R&D projects, MacAdam will address how Monte Carlo simulations play an important role in deciding whether to invest in a given project and how to use @Risk to evaluate its probable value and analyze key risk drivers. Pellegrino will bring everything together with a discussion of how the courts view Monte Carlo, along with tips to clearly present and address the criticisms of Monte Carlo in the courtroom.

Here’s a look at what you’ll learn during this 4-hour session:

  • Use and application of  Monte Carlo simulation in business valuation
  • How to integrate Monte Carlo simulation into models
  • Identify advanced concepts for Monte Carlo simulation analysis
  • Understand the use of Monte Carlo simulation for evaluating research and development candidates
  • Define best practices for using and defending Monte Carlo simulation in business valuation litigation
  • Real-world case examples

Your program leaders:

Michael PellegrinoMichael Pellegrino, MBA 
Pellegrino and Associates, LLC
Dave MacAdamDave MacAdam
Novelis

Agenda:

Introduction

  • Basics
    • Uncertainty introduction
    • Existing methods for accounting for uncertainty
    • Existing method deficiencies
    • What is Monte Carlo Simulation
  • Applying Monte Carlo Simulation
    • Where it applies
    • Simple example
    • Advanced concepts
  • Advanced concepts
    • Picking the sampling algorithm
    • Picking the right distribution
    • Repeatability of the results

Monte Carlo simulation in the Real World

  • Introduction to Novelis
  • R&D process overview
  • Applying simulation to the R&D process

Using Monte Carlo Simulation in Litigation

  • How to present to the trier of fact
    • What to expect
    • Technical challenges
    • Making it understandable
  • Common attack points and defenses
    • Basic simulation use
    • False precision or accuracy
    • Improper model construction
    • Improper distribution selections
    • High coefficient of determination
    • Expert’s knowledge of statistics
  • Real-world case examples

Invite your whole team to attend, or share the recorded session anytime!

Registration fee is $499 and allows access to ONE web connection and phone line for an unlimited number of people to listen in your organization. Gather your entire staff for maximum benefit!

Training Pack available for year-round education and professional development

Can’t attend live? BVR’s Training Packs are an indispensable addition to any valuation reference library. Use them as training tools as many times as you’d like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device. Delivered as an electronic download approximately two weeks after the program has aired, the Training Pack includes:

  • Recordings and transcripts of the presentation
  • All presentation visual aids and handouts
  • All ancillary reading materials suggested by our presenters

CPE Policy

Admission to this program includes one CPE certificate for one individual. Any additional listeners requesting CPE must provide a $50 processing fee assessed at the completion of the online CE survey for this course.

Please note: CPE credit is not available through Training Packs

Our Guarantee of Quality and Value

We stand 100% behind the quality and value of our distance learning events. If you are not completely satisfied, simply let us know and we will send you an immediate refund of your entire registration fee — no questions asked.

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