Xlrisk

xlrisk is a monte carlo simulation excel add-in that allows the user to include uncertainty in their spreadsheet models. xlrisk, developed by vose software, introduces many technical monte carlo method features that make risk models easier to build, easier to audit and test, and more precisely match the problems you face. an xlrisk user replaces uncertain values within their excel model with special xlrisk quantitative probability distribution functions that describe the uncertainty about those values. xlrisk then uses monte carlo simulation to automatically generate thousands of possible scenarios. at the end of the monte carlo simulation run, which typically takes a few seconds, the results are displayed in a variety of graphical and statistical formats that will tell you things like: - what is the probability we will come under budget? - which investment gives me the greatest return for a given level of risk? - how much capital do we need to be 95% sure of having enough for the p