Average Ratings 0 Ratings
Average Ratings 0 Ratings
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.
Description
We empower various operators, such as banks, consultants, national oil companies, and government entities, to effectively and accurately oversee their assets with ease. With R3’s premier suite of decline curve tools, you can effortlessly calculate your reservoir volumes and produce precise production forecasts. Our Monte Carlo probabilistic simulator allows you to assess risks associated with your development strategies and enhance cash flow through stochastic analysis. Seamlessly create structured reports tailored for SEC, PRMS, governmental requirements, or your unique specifications. Our advanced decline curve analysis tools are accompanied by thoughtful features like shortcut keys and customizable templates, significantly improving our users' evaluation productivity. You can also generate trustworthy and adaptable Reserves Reports alongside Interactive Visual Analytics Storyboards. Additionally, R3 Economics serves as the foundational element of our modular system, offering unparalleled versatility for various operational needs. This comprehensive approach ensures that all users can maximize their asset management efficiency.
API Access
Has API
API Access
Has API
Integrations
Real Review Response
Pricing Details
No price information available.
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
Vose Software
Country
Belgium
Website
www.vosesoftware.com/products/modelrisk/
Vendor Details
Company Name
OGRE Systems
Website
www.ogresystems.com
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
Product Features
Oil and Gas
Compliance Management
Equipment Management
Inventory Management
Job Costing
Logistics Management
Maintenance Management
Material Management
Project Management
Resource Management
Scheduling
Work Order Management