Home > Excel Business Solutions > Business Finance > Risk Analysis > Monte Carlo Simulation Share

Monte Carlo Simulation

Excel monte carlo simulation for risk analysis


Excel Monte Carlo Simulation

Rate this solution:
(3.4/5 from 8 votes)
Monte Carlo Simulation screenshot
Excel Monte Carlo Simulation (Quantum XL) is an Excel add-in providing fast and easy Monte Carlo analysis and simulation functions to Excel models.

The Monte Carlo Simulation add-in also provides adduced data visualization and analysis including optimization, custom distributions, latitude plots and percentage contribution analysis.

Key features of Monte Carlo Simulation for Excel include:
  • Comparable to Crystal Ball but at a much lower cost.
  • Monte Carlo simulations can be run in Rocket mode of up to 2 million simulation per second and automatically switches to Native mode depending on resource limitations.
  • Model optimization finds optimal set points for both input and output variables. Optimization criteria statistics are flexible such as defects per million, mean, standard deviation, percentile, median etc.
  • Supports custom discrete and continuous distributions as well as the normal, uniform, triangular, log Normal, logistic, log logistic, gamma, Weibull, exponential, uniform discrete, Poisson, binary and binomial distributions.
  • Input/Output Manager window provides an overview of all inputs, outputs and custom distributions.
  • Define multiple inputs and outputs simultaneously  by selecting ranges of cells.
  • Provides percent contribution and tolerance allocation tables to analyze the most sensitive model inputs.
  • Latitude plots provide a graphical representation of the variation being consumed by inputs.
  • Merge two or more legacy model design sheets to create one larger model.
  • Create surface, contour and interaction plots of the model's inputs versus outputs to analyze relationships.
  • Allows entering of part, process and performance information to monitor the capability and maturity of model design and creates Pareto of defects per unit to help allocate critical resources.
  • Creates Latin hypercube samples and descriptive samples for validation strategies.
  • Creates NOLHS designs ideal for multiple level experiments with deterministic simulators.
  • Allows creation and edit of houses of quality, pairwise comparison matrices, FMEA and Pugh matrices.

Try It  Get It

(Pricing is available on the next page)
(Updated on 2024-08-01)

Related Excel Solutions for Monte Carlo Simulation

Statistical AnalysisRisk Analysis  Monte Carlo Analysis Add-inRisk Analysis  What If AnalysisRisk Analysis  Mac Monte Carlo SimulationRisk Analysis  Risk Analysis ToolsRisk Analysis  Portfolio OptimizationPortfolio Management  Derivatives AnalysisTechnical Analysis  QFD, FMEA and Pugh TemplatesManufacturing and Engineering

Share your thoughts and opinion with other users: Create Review

Browse Main Excel Solution Categories

Business Finance Financial Markets Operations Management Excel Productivity

Additional Excel business solutions are categorized as and the . Further solutions proposed for specific user requirements can be either found in the Excel Help Forum.