What is Risk Solver?
Risk Solver is an add-in for Excel developed by Frontline Systems that enables building risk analysis models and running Monte Carlo simulations seamlessly within Excel. It integrates simulation and optimization to provide sensitivity analysis, scenario management, and automatic reports.
Key features of Risk Solver include:
- Running simulations with uncertain inputs represented by probability distributions
- Sensitivity analysis to understand the impact of input variability
- Scenario management tools to capture different versions of a model
- Automatic tornado and sensitivity charts from simulation results
- Optimization tools to find the best possible outcomes
Risk Solver helps analysts and managers understand the quantitative and potential financial impact of risk and uncertainty in their Excel models. Its risk analysis capabilities transform static Excel models into dynamic and interactive decision-making tools. It is used across finance, operations, and engineering teams in various industries like insurance, banking, manufacturing, etc.
Oracle Crystal Ball, @RISK, ModelRisk, TreePlan, Spry Simulation, Yasai, Simple Decision Tree, TUKHI, SimulAr, SAFE TOOLBOXES, Comply Global, MC FLO, Excel add-on Invantive Control, XLRISK, Lumenaut, SISA Assistant, AgileCOLLATERAL are some alternatives to Risk Solver.