Vose ModelRisk Complete (Annual Subscription)

ModelRisk Industrial is an Excel-based risk analysis, simulation and optimization tool that allows users to build dynamic business and finance models / applications that incorporate advanced risk analysis techniques and live data using data-objects. Includes Data Objects, Application Developer Kit, Advanced Finance and Insurance Functions, 1st year maintenance & OptQuest Optimization

subscription price: $711.00 per 1 year(s)
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Products specifications
Min. OS RequirementWindows XP
Add-InRequires Excel
Available for MacNo, requires Parallels Emulation
Price includes 1st year maintenanceYes
Requires other Software?Requires Microsoft Excel to run
Scripting SupportBuilt In
SimulationMonte Carlo
VBA SupportBuilt In
CSV SupportYes
XML SupportYes
Distribution FittingBuilt In
User Defined DistributionsYes
Distribution Gallery72 base distributions (& 17 Alternate versions) + 7 Multivariate Distributions
Monte Carlo SamplingYes
Latin HyperCube SamplingNo
Process Capability (6 Sigma)Yes
Sensitivity AnalysisYes
Tornado AnalysisNo
Precision ControlYes
Probability calculations functionsYes
Correlation MethodsNormal + Non-Normal Copulas
SIP Math SupportNo
Decision TreesWe recommend : Palisade PrecisionTree
MS Project SupportNo
Stats Tools3rd party option. We recommend Minitab, Analyse-it and Palisade StatsTools
ChartingBuilt In
Charts can be customizedYes
Automated ReportingYes
Multi-Core SupportYes
Developper KitYes
Example ModelsYes
Network Licensing AvailableYes
Data Base IntegrationSpecial ODBC interface to update model compnents
Supported DBsStandard ODBC sources from Excel + 3rd party connectors
User Defined Distribution LibraryIndustrial Edition ONLY: Distributions can be generated and saved to an SQL or SQL Express DB and can be made available to other ModelRisk users who have access to the repository
Linear Optimization MethodsNo
Non-Linear Optimization MethodsYes
Requirements / Soft Constraintsyes
Max RequirementsUnlimited
Max Decision VariablesUnlimited
PSI supportno
Solution Filteringyes
Efficient Frontierno
Scenario Analysis SupportMust be setup as separate submodels
Convergence Testingyes
Genetic Algorithimsyes
Ranges for Decision Variablesyes
Main Solver EngineOptQuest
Optimize multiple statisticsOptimization can be done on 11 different statisics (Mean, Variance, Standard Deviation, Skewness, Kurtosis, Percentile, Min/Max, Mode and Range)
Optimization Goal TypesMinimize, Maximize & Set Target
Static Optimization Supportyes
Dynamic Optimization Supportno
Stochastic Optimization Supportyes
Time Series as distributionsYes
Time Series FittingYes
Time Series Methods15 Univariate Methods + 6 Multivariate Methods + Econometric Wilkie Models
Multiple Linear RegressionWe recommend Minitab
Seasonal MethodsSeasonal GBM
Non-Seasonal MethodsAR(1&2), MA(1&2)
GBM SupportUnivariate, Multivariate and Seasonal
Cubic SplineNo
Heteroscedastic ModelsARCH, GARCH, EGARCH and APARCH
ARIMA SupportPartial Support for ARMA
Data SensoringAutomatic
Time-Series Event SupportNo
Define Time SeriesAll available methods can be configured manually using parameters
Markov ChainsComplete Function Set
Automatic Data TransformYes
Manual Data Transform MethodsNo
Manual DeseasonalizationNo
Manual DetrendingNo
Visualize Simulated OutputYes
Exception ReportingYes
Time Series Scenario AnalysisNo
Error MeasuresNo
Time Series Fit CriteriaInformation Criteria (Akaike, Shwartz, Hannan Quinn)