RiskAMP

Monte Carlo Simulation Excel Add-Ins 2015 Monte Carlo Simulation continues to increase in popularity as risk becomes a more pressing issue in many activities. This list of Monte Carlo Simulation Excel add-ins covers varying levels of sophistication and cost – from Risk Analyser at US$49 to others which cost thousands…

Monte Carlo simulation (MCS) is widely used to evaluate risk in business. In its most common application it assumes that the probability distributions for various variables are known and most MCS software comes with support for a variety of distributions. As a simple example we might know the probability distribution…