Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Description

Reduce technical engineering-related risks that can affect performance, operational reliability, and maintenance costs through the use of modeling, analysis, and decision support processes. The MADe system facilitates improved decision-making regarding the design and maintenance of safety and mission-critical equipment throughout the entire product lifecycle. By employing interdependent analysis capabilities, it addresses the technical, operational, and economic needs of the system's operators and maintainers, thereby mitigating risks effectively. Furthermore, MADe serves as a comprehensive analysis tool that produces the necessary documentation for Airworthiness certification. Conducting analysis concurrently with the design phase enhances the efficiency of the certification process significantly. Additionally, MADe meticulously tracks the origins of all parameters utilized in its analyses, ensuring a robust mechanism for evaluating the quality of data that informs engineering decisions and assessments. This attention to detail ultimately strengthens the reliability and effectiveness of the engineering processes involved.

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

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

$10000.00/year
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

PHM Technology

Founded

2006

Country

Australia

Website

www.phmtechnology.com

Vendor Details

Company Name

Vose Software

Country

Belgium

Website

www.vosesoftware.com/products/modelrisk/

Product Features

Decision Support

Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Performance Metrics
Rules-Based Workflow
Sensitivity Analysis
Thematic Mapping
Version Control

Product Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Alternatives

Analytica Reviews

Analytica

Lumina Decision Systems

Alternatives

@RISK Reviews

@RISK

Lumivero
RiskyProject Professional Reviews

RiskyProject Professional

Intaver Institute
Decision Oven Reviews

Decision Oven

Dataland Software
GoldSim Reviews

GoldSim

GoldSim Technology Group
GoldSim Reviews

GoldSim

GoldSim Technology Group
Analytic Solver Reviews

Analytic Solver

Frontline Systems