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Crystal Ball is an extremely popular and powerful Monte Carlo simulation add-in for Microsoft Excel. It allows you to draw samples from probability distributions in place of fixed values where any parameter values are unknown. It will automatically perform Monte Carlo simulations on the model outputs, and offers a good range of tools for analyzing and graphing the results.

Crystal Ball is published by Decisioneering, Denver, Colorado. More details and ordering information can be found at www.crystalball.com.

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@RISK is an extremely popular and powerful Monte Carlo simulation add-in for Microsoft Excel or Project. It allows you to draw samples from probability distributions in place of fixed values where any parameter values are unknown. It will automatically perform Monte Carlo simulations on the model outputs, and offers a good range of tools for analyzing and graphing the results.

@RISK is published by Palisade Corporation. More details and ordering information can be found at www.palisade.com. European users should go to www.palisade-europe.com.

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Other risk software:

Roger Myerson, University of Chicago
From here you can download for free an Excel add-in called Simtools.xla written by Roger Myerson that runs Monte Carlo simulation. Good modelling facilities, simple, and free!

Lumina Decision Systems
Publishes Analytica software, a powerful influence diagram modelling tool.

Pertmaster software
A project risk analysis application that "gives you the power to plan and track projects using barcharts, precedence networks, resources and cost management facilities. Its Monte Carlo risk analysis tools allow you quantify and manage project risks."

Vanguard
Decision analysis tool with very fast Monte Carlo simulation.

Primavera
Publish Monte Carlo, an add-in to the Primavera project planning software.

Decision Analysis Software Survey
A great survey of decision analysis tools.

JABSOFT: Excel Modeling Tools, Excel Data Consolidation, Financial Advisor Excel, What-if Analysis
We develop customized applications and software, such as Excel Modeling Tools, Financial Calculators, Excel Add-Ins, and other Microsoft Office Add-Ins.
Our products are aimed at providing a set of tools to enable financial model designers to better cater to the needs of analysts and planners alike.

MODEL ADVISOR: Business Software for Everyone.
We are your best source for business software. Here, you will find: Excel Modeling Software, Financial Calculators, Risk Analysis Software, Excel Add-ins and other Microsoft Office Related Products.

 

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