Frontline Systems, developer of the Excel Solver and leading-edge optimization software, is now offering leading-edge simulation software for Excel with its newly released Risk Solver(TM), a tool for risk analysis of business models using high-speed, fully interactive Monte Carlo simulation. Prospective users can download a free trial version at www.solver.com.
INCLINE VILLAGE, Nev. (BusinessWire EON) April 28, 2007 --
Frontline Systems, developer of the Excel Solver and leading-edge
optimization software, is now offering leading-edge simulation software
for Excel with its newly released Risk Solver™,
a tool for risk analysis of business models using high-speed, fully
interactive Monte Carlo simulation. Prospective users can download a
free trial version at www.solver.com.
Risk Solver’s interactive simulation is
a big departure from older simulation products for Excel. Each time a
user changes a number on the spreadsheet, a simulation with thousands of
trials is performed – often in no more time
than a single spreadsheet recalculation – and
the full range of simulation results and statistics may be displayed.
Risk Solver uses Frontline’s PSI Technology™
to run simulations at lightning speed –
making fully interactive simulation practical.
Risk Solver also departs from older products in combining simulation
and optimization, to best allocate resources in the presence of
uncertainty. It works closely with Frontline’s
market-leading Premium Solver Platform, giving users access to twelve of
the world’s best optimizers for every class
of problem, and solving simulation optimization problems hundreds of
times faster.
Risk Solver shines in Excel 2007, but it also works well in Excel
2003, Excel XP or Excel 2000. A Ribbon with dropdown galleries makes its
full range of functions easily discoverable. Users can simply hover the
mouse over an uncertain cell to display a pop-up chart of simulation
results, or double-click a cell to bring up dialogs for defining
probability distributions, creating and customizing charts and graphs,
and obtaining statistical results.
Risk Solver is the first product to support the emerging discipline of Probability
Management, with built-in facilities for creating and using Stochastic
Libraries and Certified Distributions. Large organizations
can use it to meaningfully compare and even "roll up" results of
simulation models produced by different business groups –
which has been difficult to do in the past.
Risk Solver includes a 'runtime package' –
another departure from older simulation products for Excel. Risk
Solver Engine provides over 80 Excel functions and a complete VBA
object model and application programming interface that makes it easy to
develop custom risk analysis applications. Low-cost licenses and easy
packaging make it ideal for deployment to end users.
Risk Solver V7.0 is priced at $995 for a single user license in
the U.S., plus required first-year annual support. A special package of
Risk Solver V7.0 and Premium Solver V7.0 costs just $1,550 plus support.
Special academic prices are available for research and teaching. A fully
functional, free trial version can be downloaded at Frontline’s
Website www.solver.com.
Frontline Systems, Inc. (www.solver.com)
is a leading developer of optimization and simulation software, and the
leader in spreadsheet optimization software that helps analysts and
managers optimally allocate scarce resources –
money, equipment, and people – to realize
substantial cost savings. Frontline developed the solvers/optimizers in
Microsoft Excel, Lotus 1-2-3 and Quattro Pro, distributed to more than
400 million spreadsheet users. Founded in 1987, Frontline is based in
Incline Village, Nevada (775-831-0300). Risk Solver is a trademark of
Frontline Systems, Inc.
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