Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
GoldSim stands out as the leading software for Monte Carlo simulations, adept at dynamically modeling intricate systems across various fields such as engineering, science, and business. By facilitating decision-making and conducting risk analysis, GoldSim allows for the simulation of future performance while effectively quantifying the uncertainties and risks that are essential to understanding complex systems. Its versatility is recognized globally, with organizations utilizing GoldSim to assess and compare different designs, strategies, and policies to enhance decision-making and mitigate risks in an unpredictable environment. In particular, projects related to water resources and hydrological modeling often require the simulation of interconnected systems composed of numerous components, which may be inadequately defined. Typically, these hydrological systems are influenced by stochastic factors like precipitation, evaporation, and demand, presenting a landscape filled with uncertain processes, parameters, and events that complicate analysis. Thus, GoldSim proves to be an invaluable tool for navigating the complexities of these environmental challenges.
Description
ModelRisk is an Excel add-in designed for Monte Carlo simulations, enabling users to incorporate uncertainty into their spreadsheet models. Since its inception in 2009, ModelRisk has set the standard for innovation in the industry, pioneering numerous technical features related to Monte Carlo methods that simplify the construction, auditing, and testing of risk models while ensuring they align more closely with real-world challenges. By substituting uncertain values in Excel with specialized ModelRisk probability distribution functions, users can accurately represent the uncertainty surrounding those values. Following this, ModelRisk employs Monte Carlo simulation techniques to automatically produce thousands of possible scenarios. Similar to how Excel serves various analytical purposes, ModelRisk specifically evaluates the uncertainty inherent in the numerical output of Excel models. This tool has been utilized by users across a wide array of industries for risk analysis, showcasing its versatility and effectiveness in addressing uncertainty. Additionally, the ability to visualize the results enhances user understanding and supports informed decision-making.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
Yes
Free Version
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
GoldSim Technology Group
Website
www.goldsim.com
Vendor Details
Company Name
Vose Software
Country
Belgium
Website
www.vosesoftware.com/products/modelrisk/
Product Features
Decision Support
Application Development
Yes
Budgeting & Forecasting
Yes
Data Analysis
Yes
Decision Tree Analysis
No
Monte Carlo Simulation
Yes
Performance Metrics
No
Rules-Based Workflow
No
Sensitivity Analysis
Yes
Thematic Mapping
No
Version Control
No
Product Features
Risk Management
Alerts/Notifications
No
Auditing
No
Business Process Control
No
Compliance Management
No
Corrective Actions (CAPA)
No
Dashboard
No
Exceptions Management
No
IT Risk Management
No
Internal Controls Management
No
Legal Risk Management
No
Mobile Access
No
Operational Risk Management
No
Predictive Analytics
No
Reputation Risk Management
No
Response Management
No
Risk Assessment
Yes