@RISK
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| @RISK | |
| Developer: | Palisade Corporation |
|---|---|
| Latest release: | Version 4.5 / February 2002 |
| OS: | Microsoft Windows |
| Use: | Spreadsheet Add-on |
| License: | Proprietary EULA |
| Website: | Palisade Corporation |
@RISK is an add-on software package for Microsoft Excel. Produced and distributed by the Palisade Corporation, headquartered in Ithaca, New York, the package is designed for risk analysis and allows users to define probability distributions and run simulations for input and output variables within an Excel spreadsheet. The product is available in various languages, including English, Spanish, Japanese and German.
After installation @RISK integrates with Excel as an additional toolbar that appears alongside the standard Excel toolbars. Various options allow the user to:
- select and parameterize probability distributions for spreadsheet cells containing input variables
- define cells containing output variables dependent on inputs
- run simulations with number of iterations and types of simulation procedures selected by the user
- define and format results for output variables
- fit distributions to data sets
- perform sensitivity tests on effects of changes in input variables on outcomes
- perform stress analysis by specifying extreme ranges of input values
- use goal-seeking simulations to find best values of inputs for desired results
The package will produce results in a number of graphical and tabular formats, selectable by the user. Results of simulations can be stored as separate files for later reference.