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ModelAssist for
@RISK
 

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ModelAssist for @RISK is the most comprehensive training and reference software available. It can be used as a 'personal risk analysis expert' and has a number of distinct strengths compared to live-training and other risk analysis training CD's:

  1. ModelAssist can help make risk analyses more consistent throughout your organization by providing best practices and defining standards.
  2. Unlike 'live training', the risk analysis knowledge in ModelAssist is always available to its users. With full search capabilities, a complete index, and logical navigation, users of ModelAssist can find the answer to almost any risk analysis related question.
  3. The main focus of ModelAssist is on risk analysis techniques and methods and teaching users how to do good risk analyses. ModelAssist is not meant to just teach how to use risk analysis software such as @RISK. In fact, Palisade provides good courses that teach you how to use its software. While ModelAssist does show you how to set up various models within @RISK, the purpose of doing so is to make the actual modeling technique or method easy so that the focus can remain on creating accurate, clear, decision-supporting, and defensible risk analysis models.
  4. All techniques and methods in ModelAssist are illustrated with useful and practical examples (spreadsheets) that can easily be adapted to the user's problems. This, together with a wide range of included videos and quizzes, truly makes ModelAssist a practical tool for its users.
  5. Also, by providing best practices and defining standards, ModelAssist can also help in making risk analyses more consistent throughout an organization. To assist in this, we also offer customized versions of ModelAssist, focused on an organization's specific needs and situation.

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ModelAssist for @RISK

MBA programs try to get students to think like managers. Unfortunately,
many businesses problems discussed in classes result in deterministic solutions - the uncertainty is largely ignored, other than through discussion. To get students to think more rigorously about uncertainty, I teach a Monte Carlo modeling class to first-year MBA students. ModelAssist® is an excellent "textbook" to help convey
the necessary amount of statistics and theory these students need to simulation problems. It won't bore them like many traditional textbooks.
The hands-on e-book provides students with a solid foundation and maintains their interest by being linked to the simulation software we use. Students quickly learn how to model uncertainty, fully utilize the software's, and draw meaningful conclusions about the impact of risk on the problem's expected outcome.
They will be able to discuss the probability of an outcome happening, greatly enriching classroom discussion!

Dr. George W. Gallinger
W.P. Carey School of Business
Arizona State University

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ModelAssist is offered at three different levels:

ModelAssist Basic for @RISK

Simple modelling techniques and applications for general risk analysis

ModelAssist Advanced for @RISK

A huge range of methods from beginner level to advanced that should allow you to address a very large number of risk issues

ModelAssist Industrial for @RISK

Set at the ModelAssist Advanced level, but focused on particular types of application. All examples and models are tailored to the particular field and extra topics specific to risk in each field are included. Industrial versions include:

  • Microbial and antimicrobial food safety
  • Animal import
  • Finance
  • Insurance
  • Oil and gas exploration
  • Project planning

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ModelAssist for @RISK

 

 
 
   
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