Developer: Palisade Corporation
Latest Release: 6.0 (2012)
Operating System: Windows
@RISK is used to analyse risk and uncertainty in a wide variety of industries. From the financial to the scientific, anyone who faces uncertainty in their quantitative analyses can benefit from @RISK.
@RISK (pronounced “at risk”) performs risk analysis using Monte Carlo simulation to show you many possible outcomes in your spreadsheet model—and tells you how likely they are to occur. It mathematically and objectively computes and tracks many different possible future scenarios, then tells you the probabilities and risks associated with each different one. This means you can judge which risks to take and which ones to avoid, allowing for the best decision making under uncertainty.
@RISK also helps you plan the best risk management strategies through the integration of RISKOptimizer, which combines Monte Carlo simulation with the latest solving technology to optimize any spreadsheet with uncertain values. Using genetic algorithms or OptQuest, along with @RISK functions, RISKOptimizer can determine the best allocation of resources, the optimal asset allocation, the most efficient schedule, and much more.
Three editions of @RISK are available: Industrial, Pro and Standard. Compare the different editions below:
|Advanced Simulation Engine C||•||•||•|
|Support for 2 CPUs or processor cores||•||•||•|
|Over 50 Built-in Distribution Functions||•||•||•|
|Integrated Distribution Gallery||•||•||•|
|Insert Function Command||•||•||•|
|@RISK Function Swap||•||•||•|
|Compound and Six Sigma functions||•||•||•|
|Variety of Result Graphs and Charts||•||•||•|
|Live Updating During Simulation||•||•||•|
|Sensitivity & Scenario Analysis||•||•||•|
|Correlation of Inputs||•||•||•|
|Freehand Distribution Artist||•||•||•|
|Integrated Distribution Fitting||•||•|
|Integration with Microsoft Project||•||•|
|Excel Developer Kit (XDK)||•||•|
|Advanced Sensitivity Analysis||•||•|
|@RISK Goal Seek||•||•|
|Full Multi-CPU Support||•|
|Simulation of Time-series Forecasts||•|
|Optimization under uncertainty||•|
|Ranges for adjustable cells and constraints||•|
|Six solving methods, including GAs and OptQuest||•|
|Convergence monitoring and genetic operators||•|
|Original, Best, Last model updating||•|
@RISK version 6 offers improvements to the XDK feature – the built-in Excel Developer’s Kit that enables you to automate and customize @RISK for Excel using Excel’s VBA programming language. The @RISK XDK now includes new functionality and greatly improved documentation to help you get started quickly.
Version 6 also includes faster simulation setup time for Project models, and has been translated into Russian. This is in addition to Spanish, Portuguese, French, German, Japanese, and Chinese. Users can specify the language at install, and even change languages later — all from the same installer. This is a major benefit to multinational companies seeking to roll out a single risk analysis standard around the world.
@RISK and DecisionTools Suite software is compatible with all 32-bit and 64-bit versions of Microsoft Windows XP-8, Excel 2003-2013, and Project 2003-2013.
64-bit Compatible: 64-bit technology enables Excel and DecisionTools software to access much more computer memory than ever before. This allows for vastly larger models and greater computational power.