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Vose ModelRisk Standard

ModelRisk is an Excel-based risk analysis tool specifically that allows users to incorporate advanced risk analysis techniques.

Picture of Vose ModelRisk Standard Vose ModelRisk Standard - 1yr Subscription
Vose ModelRisk Standard Vose ModelRisk Standard - 1yr Subscription

ModelRisk is an Excel-based risk analysis tool specifically that allows users to incorporate advanced risk analysis techniques , simulation, time-series analysis and optimization.

SKU: VMR12P-MLC
$445.00
$422.75
Picture of Vose ModelRisk Standard Vose ModelRisk Standard - Perpetual License
Vose ModelRisk Standard Vose ModelRisk Standard - Perpetual License

ModelRisk is an Excel-based risk analysis tool specifically that allows users to incorporate advanced risk analysis techniques , simulation, time-series analysis and optimization.

SKU: VMR12P-MLA
$1,095.00
$1,040.25
Products specifications
Min. OS Requirement Windows XP
Language English
Add-In Requires Excel
Available for Mac No, requires Parallels Emulation
Price includes 1st year maintenance
Requires other Software? Requires Microsoft Excel to run
Scripting Support Built In
Simulation Monte Carlo
VBA Support Built In
CSV Support
XML Support
Distribution Fitting Built In
User Defined Distributions
Distribution Gallery 72 base distributions (& 17 Alternate versions) + 7 Multivariate Distributions
Monte Carlo Sampling
Latin HyperCube Sampling
Process Capability (6 Sigma)
Sensitivity Analysis
Tornado Analysis
Precision Control
Probability calculations functions
Correlation
Correlation Methods Normal + Non-Normal Copulas
SIP Math Support
Decision Trees We recommend : Palisade PrecisionTree
Stats Tools 3rd party option. We recommend Minitab, Analyse-it and Palisade StatsTools
MS Project Support
Charting Built In
Charts can be customized
Automated Reporting
Multi-Core Support
Developper Kit
Example Models
Network Licensing Available
Data Base Integration
Supported DBs Standard ODBC sources from Excel + 3rd party connectors
User Defined Distribution Library Industrial 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
Product description

ModelRisk Standard Edition is an Excel-based risk analysis, simulation, optimization and time-series tool that allows users to incorporate advanced risk analysis techniques in business risk analysis models.

Model Risk Standard Includes:

  • Simulation
    ModelRisk has a comprehensive range of tools to run Monte Carlo simulations within Excel. Results are presented in a separate window that allows you to customize, save and share a comprehensive range of graphical and statistical analyses.
  • One of the largest Distribution Galleries
    ModelRisk incorporates a truly complete range of distributions. Graphical interfaces, categorization by function, fitting to data and a detailed interactive guide on the theory and use of each distribution help ensure that you find the correct distribution for your problem. You can also create your own distribution using the shaper tool.
  • Advanced Correlation Functions
    Modeling any correlated behavior between distributions is a critical component in risk analysis. ModelRisk allows the user to visualize and fit correlation structures to data through its copula tools. Through its unique approach to correlating variables, any number of distributions can be correlated. ModelRisk's own data copula offers a powerful way to replicate any unusual correlation pattern.

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
Additional information
Vendor: Vose Software
Products specifications
Min. OS Requirement Windows XP
Language English
Add-In Requires Excel
Available for Mac No, requires Parallels Emulation
Price includes 1st year maintenance
Requires other Software? Requires Microsoft Excel to run
Scripting Support Built In
Simulation Monte Carlo
VBA Support Built In
CSV Support
XML Support
Distribution Fitting Built In
User Defined Distributions
Distribution Gallery 72 base distributions (& 17 Alternate versions) + 7 Multivariate Distributions
Monte Carlo Sampling
Latin HyperCube Sampling
Process Capability (6 Sigma)
Sensitivity Analysis
Tornado Analysis
Precision Control
Probability calculations functions
Correlation
Correlation Methods Normal + Non-Normal Copulas
SIP Math Support
Decision Trees We recommend : Palisade PrecisionTree
Stats Tools 3rd party option. We recommend Minitab, Analyse-it and Palisade StatsTools
MS Project Support
Charting Built In
Charts can be customized
Automated Reporting
Multi-Core Support
Developper Kit
Example Models
Network Licensing Available
Data Base Integration
Supported DBs Standard ODBC sources from Excel + 3rd party connectors
User Defined Distribution Library Industrial 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