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
RASON, which stands for RESTful Analytic Solver Object Notation, serves as a sophisticated modeling language and analytics platform that utilizes JSON and is accessible through a REST API, allowing for the straightforward creation, testing, solving, and deployment of decision services that leverage advanced analytic models directly within applications. This versatile tool enables users to articulate optimization, simulation, forecasting, machine learning, and business rules or decision tables through a high-level language that seamlessly integrates with JavaScript and RESTful workflows, thereby facilitating the embedding of analytic models into both web and mobile applications while enabling scalability in cloud environments. With a broad spectrum of analytic capabilities, RASON is equipped to handle linear and mixed-integer optimization, convex and nonlinear programming, Monte Carlo simulations featuring various distributions, stochastic programming methods, and predictive models that encompass regression, clustering, neural networks, and ensemble techniques, in addition to supporting DMN-compliant decision tables for efficient business logic implementation. This comprehensive functionality makes RASON an essential resource for organizations seeking to enhance their decision-making processes through advanced analytics.
API Access
Has API
API Access
Has API
Integrations
JSON
JavaScript
Microsoft Excel
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
Free
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
Frontline Solvers
Founded
1987
Country
United States
Website
rason.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