Vose Software has released a risk analysis software, ModelRisk 3.0. It incorporates the latest technology in Monte Carlo simulation, probability modeling and optimization all in the familiar Excel environment.
Vose Software said that made available in ModelRisk have been developed from Vose Consulting’s experience in assessing risk in a broad range of industries over many years, and goes far beyond the Monte Carlo simulation tools currently available.
ModelRisk has been designed to make risk analysis modeling simpler and more intuitive for the novice user and at the same time provide access to the latest risk modeling techniques available.
David Vose, technical director of Vose Software, said: “Good risk analysis modeling doesn’t have to be hard, but the tools just weren’t there to make it easy and intuitive. Users of competing spreadsheet risk analysis tools will find all the features they are familiar with in ModelRisk, but ModelRisk throws open the doors to a far richer world of risk analysis modeling.
“We also have a training program second-to-none: the people teaching our courses are risk analysts with years of real-world experience, not just software trainers.”
