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 Parameter ize 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.
