What is new in @RISK 5.0
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Presented
t d by
b
Javier Ordonez, PhD
Palisade Corporation
P
Purpose
off the
th HandsHands
H d -On
O Session
S
i
1.
Demonstrate the basics of risk analysis
using @RISK and Monte Carlo Simulation
2.
Practical experience working in the new
@RISK 5.0 environment
About @RISK
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@RISK is a Monte Carlo simulation addadd-in to Excel.
What @
@RISK accomplishes:
p
– Assists in quantifying the exposure of a given decision
How @RISK accomplishes this:
– Specify
S
if variation
i ti th
thatt exists
i t for
f key
k inputs
i
t
Tools in @RISK that help you quantify “input” exposure that
will determine “result” exposure.
p
– Add
Add--in probability distribution functions to Excel
– Pre
Pre--processing risk analysis modeling capabilities
– PostP t-processing
Post
i reports,
t graphs
h and
d statistics
t ti ti
– Post
Post--processing analyses to assist in evaluating the
results
– Ability to create custom reports
Highlights of @RISK v5.0
v5 0
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More seamless integration with Excel
Toggle to static data display for sharing
spreadsheets with non @RISK users
Graphs
G h embedded
b dd d iin E
Excell
Improved sensitivity graphs (tornado chart
options – RiskMakeInput - & scatter plots)
Added functions (RISKCompound f(x),
SixSigma, etc.)
Ti
Time
series
i correlation
l ti iinstancing
t
i
Library
What is New!
„
New Interface
– Browse with Tab Key
– Model Window
– Customizing Model
Window
– Simulation Settings Toolbar
– Results Summary Window
– Drag and Drop Graphs
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– Application Settings
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Building Your Model
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Model Sharing
– Swap Out Functions
– @RISK Library
– Saving @RISK Simulations
New Commands
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Correlations Slider
Correlated Time Series
RiskMakeInput Function
Overlay Fitted Distributions
RiskCompound Function
Six Sigma Functions
Running Simulations
– Demo Mode
What is New! Cont….
Cont
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Simulation Results
Graphs
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Overlay Results Graphs
Graph Markers
Graph Titles
Customizing Graphs
Scatter Plots
Scatter from Tornado
S
Sensitivity
iti it S
Scatter
tt Matrix
M ti
Tornado Mapped Values
Summary Box Plots
„
Simulation Results
– Step Through Simulation
– Simulated Correlations
– Improved Sensitivity
Analysis
Toolbars in Excel 2003
Toolbar in Excel 2007
7
Define Distributions
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Simulation Settings
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Report Settings
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Model Window
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Simulation Progress Window
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Results Summary Window
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Graphing Results
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Drag ‘n Drop
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Summary Box
Box--Plots
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Tornado Graphs
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Sensitivity Analysis
18
@Risk Library
Application Settings