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NorthStar Solutions, LLC :: Business :: RiskSim
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RiskSim |
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DESCRIPTION
RiskSim Monte Carlo Simulation Add-In
For Microsoft
® Excel 97-2007, Windows or Macintosh
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RiskSim
™
provides random number generator functions as inputs for your model, automates
Monte Carlo simulation, and creates charts. Your spreadsheet model may include
various uncontrollable uncertainties as input assumptions (e.g., demand for a
new product, uncertain variable cost of production, competitor reaction), and
you can use simulation to determine the uncertainty associated with the model's
output (e.g., annual profit). RiskSim automates the simulation by trying
thousands of what-ifs consistent with your assessment of the uncertainties. |
Benefits: |
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Save time by using RiskSim to automate Monte
Carlo simulation. |
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Make informed decisions explicitly accounting
for uncertainty. |
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Use RiskSim's charts to explain your analysis
to colleagues. |
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Use Excel's formatting commands to customize
RiskSim's charts. |
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Easily use the single-file RiskSim add-in
with no complicated installation; simply open RiskSim.xla whenever and
wherever you need it.
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(1) |
create a
spreadsheet model |
(2) |
optionally use
SensIt to identify critical inputs |
(3) |
enter one of
RiskSim's fourteen random number generator functions in each input cell of
your model |
(4) |
choose Tools | Risk
Simulation from Excel's menu |
(5) |
specify the model
output cell and the number of what-if trials (maximum 32,000) |
(6) |
interpret RiskSim's
histogram and cumulative distribution charts. |
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