ModelRisk Industrial is an Excel-based risk analysis, simulation, optimization, and time-series tool that allows users to incorporate advanced risk analysis techniques in business, actuarial and financial risk analysis models. ModelRisk Industrial Edition also includes a developper kit to automate complex models and calculations using VBA and C .

The Industrial version of ModelRisk offers extended modeling capabilities by granting direct access to Core ModelRisk routines. This enables the mode ler to produce even more flexible and faster models, which may or may not be connected to a spreadsheet.

The Core ModelRisk functions can be called via :

 

ModelRisk Industrial offers direct access to the following groups of functions:

In combination with Excel, ModelRisk gives access to the most up-to-date, advanced quantitative techniques available without resorting to complex programming. ModelRisk allows you to build accurate, state-of-the art models in a fraction of the time previously required.

 

ModelRisk Features

Standard

Professional

Industrial

S
T
A
N
D
A
R
D

Unrestricted speed and model size Y Y Y
Monte Carlo simulation Y Y Y
Bounded, shifted distributions Y Y Y
Correlation of distributions Y Y Y
One-click function view Y Y Y
ModelRisk function search and format tool Y Y Y
Run macros before, during or after simulation Y Y Y
VBA and C++ calls to ModelRisk functions Y Y Y
Full graphical simulation reports Y Y Y
Full statistical reports Y Y Y
View simulation results statistics in spreadsheet Y Y Y
Export results Y Y Y
Save results in Results Viewer format Y Y Y
Sensitivity analysis Y Y Y
Scenario analysis Y Y Y
Conversion from other Monte Carlo add-ins Y Y Y
Full help file and example models Y Y Y
Informative error messages Y Y Y

P
R
O
F
E
S
S
I
O
N
A
L

Optimization n Y Y
Time series forecast n Y Y
Fitting distributions to data n Y Y
Fitting correlation structures to data n Y Y
Fitting time series to data n Y Y
Statistical fit results in spreadsheet n Y Y
Data Viewer n Y Y
Expert elicitation tools n Y Y
Probability calculations n Y Y
Working with ModelRisk objects n Y Y
Markov chain tools n Y Y
Combining expert estimates n Y Y
Bootstrap tools n Y Y
Calculation of distribution moments n Y Y
Empirical copula to reproduce any correlation pattern n Y Y
Stop Sum and Sum Product tools n Y Y
Risk Event tool n Y Y
Extreme Value tool n Y Y

I
N
D
U
S
T
R
I
A
L

Six Sigma support n n Y
Assumptions library n n Y
Database connectivity n n Y
Financial tools n n Y
Insurance tools n n Y
Ordinary differential equation n n Y
Integration n n Y
Interpolation n n Y
Distribution splicing n n Y
Bayesian averaging for fitted models n n Y
Nested summation and product tools n n Y