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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

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

Integrating Monte Carlo ray tracing, analytical methods, CAD import/export capabilities, and optimization techniques, this system employs a comprehensive macro language to tackle various challenges in illumination design and optical analysis effectively. With TracePro’s intuitive 3D CAD interface, users can build models by either importing lens design or CAD files or by directly generating solid geometries. The software leverages a true solid modeling engine to deliver reliable and consistent models for various applications. Moreover, TracePro features a swift and precise ray tracing engine that accurately traces rays to all surfaces, including imported splines, ensuring that no intersections are overlooked and preventing the occurrence of “leaky” rays. One of the standout features of TracePro is its Analysis Mode, which provides a highly interactive environment for in-depth examination. In this mode, users can evaluate every surface and object both visually and quantitatively, enhancing the overall analytical experience. This blend of capabilities makes TracePro a powerful tool for professionals in the field.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

RayViz No 

Integrations

RayViz Yes 

Pricing Details

No price information available.
Free Trial Yes 
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 Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Vose Software

Country

Belgium

Website

www.vosesoftware.com/products/modelrisk/

Vendor Details

Company Name

Lambda Research Corporation

Founded

1992

Country

United States

Website

lambdares.com/tracepro

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 

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