INCLINE VILLAGE, Nev. (PRWEB) April 30, 2007
Risk Solver's interactive simulation is a big departure from older simulation products for Excel. Each time a user changes a number on the spreadsheet, a simulation with thousands of trials is performed - often in no more time than a single spreadsheet recalculation - and the full range of simulation results and statistics may be displayed. Risk Solver uses Frontline's PSI Technology(TM) to run simulations at lightning speed - making fully interactive simulation practical.
Risk Solver also departs from older products in combining simulation and optimization, to best allocate resources in the presence of uncertainty. It works closely with Frontline's market-leading Premium Solver Platform, giving users access to twelve of the world's best optimizers for every class of problem, and solving simulation optimization problems hundreds of times faster.
Risk Solver shines in Excel 2007, but it also works well in Excel 2003, Excel XP or Excel 2000. A Ribbon with dropdown galleries makes its full range of functions easily discoverable. Users can simply hover the mouse over an uncertain cell to display a pop-up chart of simulation results, or double-click a cell to bring up dialogs for defining probability distributions, creating and customizing charts and graphs, and obtaining statistical results.
Risk Solver is the first product to support the emerging discipline of Probability Management, with built-in facilities for creating and using Stochastic Libraries and Certified Distributions. Large organizations can use it to meaningfully compare and even "roll up" results of simulation models produced by different business groups - which has been difficult to do in the past.
Risk Solver includes a 'runtime package' - another departure from older simulation products for Excel. Risk Solver Engine provides over 80 Excel functions and a complete VBA object model and application programming interface that makes it easy to develop custom risk analysis applications. Low-cost licenses and easy packaging make it ideal for deployment to end users.
Risk Solver V7.0 is priced at $995 for a single user license in the U.S., plus required first-year annual support. A special package of Risk Solver V7.0 and Premium Solver V7.0 costs just $1,550 plus support. Special academic prices are available for research and teaching. A fully functional, free trial version can be downloaded at Frontline's Website http://www.solver.com.
Frontline Systems, Inc. (http://www.solver.com) is a leading developer of optimization and simulation software, and the leader in spreadsheet optimization software that helps analysts and managers optimally allocate scarce resources - money, equipment, and people - to realize substantial cost savings. Frontline developed the solvers/optimizers in Microsoft Excel, Lotus 1-2-3 and Quattro Pro, distributed to more than 400 million spreadsheet users. Founded in 1987, Frontline is based in Incline Village, Nevada (775-831-0300). Risk Solver is a trademark of Frontline Systems, Inc.