ModelRisk

ModelRisk 6.0 developed by Vose Software is an outstanding tool for conducting advanced Monte Carlo simulation in Excel. This latest version, coming in at 105.3 MB, is a substantial upgrade to its preceding versions like 5.2, 5.0, and 4.3. Featuring executables such as ModelRisk.exe, ModelRiskResultsViewer.exe, and modelrisksetupterminal.exe, this software is tailored to meet the needs of both the academic and scientific communities.

With full support for Windows XP, Vista, 7, 8, 10, and 11, ModelRisk 6.0 seamlessly integrates into most modern computer setups. As part of the Education category and specifically the Science Tools subcategory, this program offers a comprehensive range of distributions and extensive statistical analyses. The results of simulations are presented in a separate, customizable window, providing users with the flexibility to save and share their findings efficiently.

This powerful software can be easily found online. Users can effortlessly download the program for core functionalities. It is known for its robust ability to execute simulations and present findings. Importantly, there are versions available for free which makes it an excellent choice for students and educators alike.

Pros:

• Comprehensive range of distributions.
• Customizable and shareable results window.
• Extensive compatibility with older and newer Windows OS versions.

Cons:

• File size might be substantial for some users.
• Might require a learning curve for new users.

Overall, ModelRisk 6.0 stands out for its advanced Monte Carlo simulation in Excel, making it a go-to tool for anyone looking to delve deep into statistical and graphical analyses.

You may want to check out more software, such as ModelRisk Results Viewer, which might be similar to ModelRisk.