ModelRisk

ModelRisk

Vose Software
QMSys GUM

QMSys GUM

Qualisyst
+
+

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About

ModelRisk is a Monte Carlo simulation Excel add-in that allows the user to include uncertainty in their spreadsheet models. ModelRisk has been the innovation leader in the marketplace since 2009, being the first to introduce 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. A ModelRisk user replaces uncertain values within their Excel model with special ModelRisk quantitative probability distribution functions that describe the uncertainty about those values. ModelRisk then uses Monte Carlo simulation to automatically generate thousands of possible scenarios. In the same way that Excel is used for many different types of analysis, ModelRisk is used to assess the uncertainty in the numbers produced by the Excel model. Users have performed risks analyses with ModelRisk in a vast range of fields.

About

The QMSys GUM Software is suitable for the analysis of the uncertainty of physical measurements, chemical analyses and calibrations. The software uses three different methods to calculate the measurement uncertainty. GUF Method for linear models, this method is applied to linear and quasi-linear models and corresponds to the GUM Uncertainty Framework. The software calculates the partial derivatives (the first term of a Taylor series) to determine the sensitivity coefficients of the equivalent linear model and then calculates the combined standard uncertainty in accordance with the Gaussian error propagation law. GUF Method for nonlinear models, this method is provided for nonlinear models with the symmetric distribution of the result quantities. In this method, a series of numerical methods are used, e.g. nonlinear sensitivity analysis, second and third-order sensitivity indices, quasi-Monte Carlo with Sobol sequences.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Risk Management platform for organizations seeking a solution to manage their operations

Audience

Companies searching for a solution to analyze the uncertainty of physical measurements

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version
Free Trial

Pricing

No information available.
Free Version
Free Trial

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

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Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

Vose Software
Belgium
www.vosesoftware.com/products/modelrisk/

Company Information

Qualisyst
Founded: 1994
Bulgaria
www.qsyst.com/qualisyst_en.htm

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Categories

Categories

Risk Management Features

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
Internal Controls Management
IT Risk Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Statistical Analysis Features

Analytics
Association Discovery
Compliance Tracking
File Management
File Storage
Forecasting
Multivariate Analysis
Regression Analysis
Statistical Process Control
Statistical Simulation
Survival Analysis
Time Series
Visualization

Integrations

No info available.

Integrations

No info available.
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