ModelRisk

ModelRisk

Vose Software
Vensim

Vensim

Ventana Systems
+
+

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About

ModelRisk is a Monte Carlo simulation Excel add-in that allows the user to include uncertainty in their spreadsheet models. ModelRisk has been the innovation leader in the marketplace since 2009, being the first to introduce many technical Monte Carlo method features that make risk models easier to build, easier to audit and test, and more precisely match the problems you face. A ModelRisk user replaces uncertain values within their Excel model with special ModelRisk quantitative probability distribution functions that describe the uncertainty about those values. ModelRisk then uses Monte Carlo simulation to automatically generate thousands of possible scenarios. In the same way that Excel is used for many different types of analysis, ModelRisk is used to assess the uncertainty in the numbers produced by the Excel model. Users have performed risks analyses with ModelRisk in a vast range of fields.

About

Vensim® is the software of choice for thousands of analysts, consultants, and researchers worldwide for building high-quality simulation models in business, scientific, environmental, and social systems. Vensim integrates into one environment a powerful suite of tools for developing, testing, interpreting, and distributing models. These tools include cause-and-effect diagramming, graphical and textual model construction, easy reproduction of model structure using subscripts (arrays), Monte Carlo sensitivity analysis, optimization, data handling, and application interfaces. Further features enable advanced model resolution and fidelity. Vensim includes patented techniques to aid error detection, error prevention, and rapid comprehension of complex results.

Platforms Supported

Windows Supported
Mac Not Supported
Linux Not Supported
Cloud Not Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Supported
Mac Supported
Linux Not Supported
Cloud Not Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Risk Management platform for organizations seeking a solution to manage their operations

Audience

Organizations seeking an advanced Computer-Aided Engineering platform

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Not Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version Not Supported
Free Trial Supported

Pricing

$50 per month
Free Version Supported
Free Trial Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

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Reviews/Ratings

Overall 3.0 / 5
ease 3.0 / 5
features 4.0 / 5
design 3.0 / 5
support 1.0 / 5

Pros & Cons from Real Users

Pros

  • Vensim is a great tool for systems modeling, the best I know. Unfortunately it doesn't work for Mac. It constantly crashes and fails. Unfortunately my whole company is Mac based so this problems cause a very bad experience to me as a Vensim user.

Cons

  • It doesn't work well with Mac computers. Thats about it.

Training

Documentation Supported
Webinars Not Supported
Live Online Supported
In Person Not Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Supported
In Person Supported

Company Information

Vose Software
Belgium
www.vosesoftware.com/products/modelrisk/

Company Information

Ventana Systems
Founded: 1985
United States
ventanasystems.com

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Categories

Categories

Risk Management Features

Alerts/Notifications Not Supported
Auditing Not Supported
Business Process Control Not Supported
Compliance Management Not Supported
Corrective Actions (CAPA) Not Supported
Dashboard Not Supported
Exceptions Management Not Supported
Internal Controls Management Not Supported
IT Risk Management Not Supported
Legal Risk Management Not Supported
Mobile Access Not Supported
Operational Risk Management Not Supported
Predictive Analytics Not Supported
Reputation Risk Management Not Supported
Response Management Not Supported
Risk Assessment Supported

Simulation Features

1D Simulation Not Supported
3D Modeling Supported
3D Simulation Not Supported
Agent-Based Modeling Supported
Continuous Modeling Supported
Design Analysis Not Supported
Direct Manipulation Not Supported
Discrete Event Modeling Not Supported
Dynamic Modeling Supported
Graphical Modeling Not Supported
Industry Specific Database Supported
Monte Carlo Simulation Supported
Motion Modeling Not Supported
Presentation Tools Supported
Stochastic Modeling Supported
Turbulence Modeling Supported

Integrations

No info available.

Integrations

No info available.
Claim ModelRisk and update features and information
Claim ModelRisk and update features and information
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