GHENT, Belgium, Nov. 23 /PRNewswire/ -- Vose Software BVBA, developer of leading-edge risk analysis software, announces the release of ModelRisk 3.0, the most advanced and comprehensive risk analysis software available. ModelRisk 3.0 incorporates the latest technology in Monte Carlo simulation, probability modeling and optimization all in the familiar Excel environment.

Vose Software BVBA is a sister company of Vose Consulting, an international firm specializing in risk analysis consultancy and training since 1989. The tools and techniques made available in ModelRisk have been developed from Vose Consulting's experience in assessing risk in a broad range of industries over many years, and goes far beyond the Monte Carlo simulation tools currently available. ModelRisk has been designed to make risk analysis modeling simpler and more intuitive for the novice user, and at the same time provide access to the most advanced risk modeling techniques available.

"Good risk analysis modeling doesn't have to be hard, but the tools just weren't there to make it easy and intuitive. So we asked, 'If we could start from the beginning, what would the ideal risk analysis tool be like?'" says David Vose, Technical Director of Vose Software. "ModelRisk is the result. Users of competing spreadsheet risk analysis tools will find all the features they are familiar with in ModelRisk, but ModelRisk throws open the doors to a far richer world of risk analysis modeling. Better still, ModelRisk has many visual tools that really help the user understand what they are modeling so they can be confident in what they do, and ModelRisk costs no more than the older tools available. We also have a training program second-to-none: the people teaching our courses are risk analysts with years of real-world experience, not just software trainers."

Key ModelRisk features include:

• Monte Carlo simulation in Excel
• Over one hundred distribution types
• A world class help file and risk analysis manual with over 1000 topics
• 24 hour, 5 day a week telephone support
• Unique stochastic 'objects' for more powerful and intuitive modeling
• Time series modeling
• Advanced correlation via copulas
• Statistical fitting of time series, distributions and correlation structures
• Probability calculations
• Integrated optimization using the most advanced, proven methods available
• A host of visual interfaces for ModelRisk functions
• A library for organizing models, assumptions, references, simulation results and much more
• Direct links to external databases
• Extreme value modeling
• Advanced data visualizing tools
• Expert elicitation tools
• Mathematical tools like numerical integration, series summation and analyses of matrices
• A wide range of statistical analyses
• A developers' kit for producing bespoke tools based on ModelRisk's technology
• A specialist module for the insurance and finance industries

More details are available at http://www.vosesoftware.com.

Contact:

David Vose
Telephone: +3293303482
Email: info@vosesoftware.com

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.

SOURCE Vose Software

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