LITIGATION SUPPORT


Business Damages

A breach in contract can often lead to substantial business damages. These may include but are not limited to: performance damages, compensatory damages, reliance damages, restitution, and/or liquidation damages. Typically, we compute: (1) what the position of the firm would have been, had the contract been performed, and (2) what is the position – now and in the future – after the breach. Performance damages equal the difference between the value of the business without the breach minus the value of the business after the breach. When the calculation of performance damages is not feasible, we can instead compute the economic loss that the plaintiff suffered because it relied on the promise of the breaching party.


Construction Defect

The critical issue in Construction defect litigation is extrapolating the defect rate estimated by the destructive sample to the units not tested. The rules of statistics imply that such extrapolation is valid only if the units tested were drawn randomly from the population of units in the subject class. When sampling is based on voluntary participation by home owners, the result is a tested sample that over-represents defective units and under-represents non-defective units, due to participation bias.

As forensic statisticians we provide a sampling protocol for destructive testing which is designed to obtain an accurate estimate of the defect rate for the subject population. We also evaluate the sampling protocols used by plaintiffs' experts to produce cost of repair estimates.


Lost Earnings

Simply put, lost earnings are earnings that you would have received had it not been for a particular incident. Loss of earnings are not calculated by solely taking into account a business' or person's income (i.e. lost income). To calculate lost earnings due to an incident, it is imperative that several pieces of information are collected on a victim in order to take many things into account which might include but is not limited to: education, amount of children, pre-existing conditions, probability of being employed, probability of mortality, future value of current dollars, future ability to work, medical prognosis, etc. After liability has been determined, it is up to our justice system to decide what an appropriate amount of compensation should be rewarded. In a sense, this is done by making an educated projection on how a person's entire career would have taken place had the incident in question not taken place.


Personal Injury

When we prepare an economic loss evaluation in a personal injury case, we need to know all that we can about the plaintiff/victim (1) before injury, and (2) after injury. We want to know a person’s characteristics – age, gender, ethnicity, education and occupation – all of which affect the amount that he/she would have earned, had (s)he not been injured. We need similar information after injury. Did the injury prevent the plaintiff from working, or did it reduce the amount of work they could perform? What is the prognosis for recovery? Has the plaintiff received any post-injury vocational training? Even if the plaintiff has not returned to work, we can use statistics to forecast likely future earnings if the plaintiff is temporarily disabled, permanently and partially disabled, or totally disabled. We also wish to know the amount of time the victim spent performing household services and whether there are any activities that (s)he can no longer perform. Furthermore, are there any changes in the quality of life during time the plaintiff spent in leisure time or other pursuits?


Wrongful Death

There are a lot of implications for a person who's life is taken from them prematurely, either entirely or partly, because of someone else's negligent behavior.

OPTIMAL ANALYTICS PORTAL


Optimal Analytics Portal provides our clients a streamlined document exchange platform. Safely and securely upload files without the need for FTP, email attachments or other file sharing services. For easy and convenient access to your completed reports, contact us at [email protected].

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RETAIN AN EXPERT


With a $3,500 retainer fee, we create an extensive report which calculates economic losses and, where appropriate, hedonic or punitive damages. These documents satisfy all Nevada requirements for expert reports. For attorneys just beginning the discovery process, we can estimate economic damages or review the loss estimate from another expert. In the event of full retention, the $1,500 fee for the preliminary estimate will be applied to the cost of the complete report.

When you retain Optimal Analytics, Ltd, you will receive a competent and objective analysis. We will follow the facts and the evidence to wherever it leads us.

Report Features Retain an Economic Expert Witness Have Us Conduct A Preliminary Analysis
How much does it cost? $3,500 Retainer $1,500 Non-refundable
How long will it take? Typically 2 weeks* 5 days or less
Statistical Analysis
Forecast
Available for Discussion
Complete Written Report
Documentation of Statistical Analysis
Complete Set of Tables Showing Calculations
Deposition Extra
Trial Testimony Extra
*In cases when reports are due in less than 5 business days after our receipt of necessary information, we will charge an additional $1,000 fee for an expedited report

OPTIMAL ANALYTICS ONLINE


Optimal Analtyics Online leverages open source resources, digital media, data visualization and custom content to optimize the learning experience.

Our current course catalog includes: Microeconomic Principles, Macroeconomic Principles and Introduction to Statistics


Students

Optimal Analytics Online currently offers supplementary learning modules to assist business students enrolled at the University of Nevada, Las Vegas.

If your instructor has adopted this platform, you have access to your course material online.

Access your course

Businesses

We offer both off-the-shelf education modules and/or custom content tailored to meet the needs of your organization.

For inquiries into employee training, or for a consultion to develop your course, please contact us at

[email protected]

ABOUT


Josh Bielinski

Senior Economist

[email protected]

Thomas Carroll Ph.D.

Senior Economist

[email protected]

Julia Rose

Managing Economist

[email protected]

CONTACT


Phone

(702) 263-8044

Web

optimalanalytics.vegas