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@RISK Version 4.5 Pro
Excel add-in is a valuable tool for modeling
uncertain situations using spreadsheets.
By Wayne Holland
Excerpts from software review in OR/MS Today
February 2003

Simulation is a core technique utilized by the OR/MS community. As a business academic, I find @RISK an excellent tool for introducing students to simulation modeling for two reasons. First, the automatic handling of simulation repetition and output presentation means that the focus can be kept on the logic of model building. Second, most business students are familiar with Excel, therefore the environment of the software feels very familiar to them. This means the learning curve is much shorter than it would be to use specialist simulation software.

Likewise, @RISK should be quite useful in the business world. Anyone who works in modeling uncertainty in a spreadsheet format could make use of, and benefit from, @RISK. …for those workers building their models in spreadsheets, @RISK provides a very convenient and helpful simulation tool.

Documentation is done well for @RISK. Help is available in three formats: 1) online help and reference facilities built into @RISK; 2) online tutorials provided with the software; and 3) the printed manual.

My personal preference when learning new software is to have a printed manual next to my keyboard that I can flick through as I work. @RISK's 499-page volume is a wonderful tool for learning about not only @RISK and its various features, but also about the subject of risk analysis. …. So, full marks to Palisade on the quality of their documentation.

@RISK is a valuable tool for those working in the area of modeling uncertain situations using spreadsheets. Its flexibility, comprehensiveness and ease of use make it software suitable for serious business use as well as academic demonstration.

For more information, contact:

Randy Heffernan
Tel: 607-277-8000
Fax: 607-277-8001

Palisade Corporation
130 East Seneca Street
Suite 505
Ithaca, NY 14850
800 432 RISK (US/Can)
+1 607 277 8000
+1 607 277 8001 fax
Palisade EMEA & India
+44 1895 425050
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+61 2 9252 5922
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+81 3 5456 5287 tel
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