Monte Carlo Simulation/Risk Analysis on a Spreadsheet: Review of Three Software Packages

Sam reviews the three major software offerings on the market today: • Crystal Ball (Version 7.3.1 Professional) from Oracle (formerly Decisioneering), • @RISK and its companion RiskOptimizer (5.0 Industrial - prerelease version) from Palisade • Risk Solver (8.0 - beta) and its companion optimization software, Premium Solver Platform (8.0 - beta) from Frontline Systems, Inc. His review is followed by a commentary from each of the software companies. Copyright International Institute of Forecasters, 2008