Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Alternatives to Consider

  • BrandMap® 10 Reviews & Ratings
    Company Website
  • NaviPlan Reviews & Ratings
    Company Website
  • Innoslate Reviews & Ratings
    84 Ratings
    Company Website
  • RaimaDB Reviews & Ratings
    5 Ratings
    Company Website
  • TrustInSoft Analyzer Reviews & Ratings
    6 Ratings
    Company Website
  • STACK Reviews & Ratings
    1,434 Ratings
    Company Website
  • Logility Reviews & Ratings
    374 Ratings
    Company Website
  • Hyperproof Reviews & Ratings
    269 Ratings
    Company Website
  • Secure Eraser Reviews & Ratings
    11 Ratings
    Company Website
  • Fixed Asset Pro Reviews & Ratings
    173 Ratings
    Company Website

What is QMSys GUM?

The QMSys GUM Software is specifically developed to evaluate the uncertainty associated with physical measurements, chemical analyses, and calibration procedures. It offers three unique methods to calculate measurement uncertainty. The first method, GUF Method for linear models, is focused on linear and quasi-linear structures, adhering to the GUM Uncertainty Framework. This method calculates partial derivatives that represent the initial terms of a Taylor series, which helps in determining sensitivity coefficients for the equivalent linear model, and subsequently uses the Gaussian error propagation law to find the combined standard uncertainty. The second method, GUF Method for nonlinear models, is tailored for nonlinear scenarios where the outcomes show a symmetric distribution, using various numerical strategies such as nonlinear sensitivity analysis and higher-order sensitivity indices, along with quasi-Monte Carlo simulations that apply Sobol sequences. By incorporating these diverse methodologies, the software equips users with extensive tools for performing thorough uncertainty analysis in various measurement situations, ensuring robustness and precision in their results. Additionally, it enhances decision-making processes by providing clear insights into the levels of uncertainty involved.

What is ModelRisk?

ModelRisk is an Excel add-in tailored for conducting Monte Carlo simulations, allowing users to integrate uncertainty into their spreadsheet models effectively. Since its launch in 2009, it has become a benchmark for innovation in the field, introducing a variety of technical features related to Monte Carlo techniques that facilitate the development, verification, and evaluation of risk models in a manner that aligns more closely with real-world complexities. By replacing uncertain values in Excel with specialized ModelRisk probability distribution functions, users can accurately depict the uncertainty surrounding those values. Subsequently, ModelRisk utilizes Monte Carlo simulation methods to generate thousands of potential scenarios automatically. While Excel is employed for a multitude of analytical tasks, ModelRisk uniquely focuses on assessing the uncertainty present in the numerical outcomes of Excel models. This powerful tool has been embraced by users from diverse industries for risk analysis, highlighting its adaptability and effectiveness in managing uncertainty. Moreover, its capability to visualize results not only enhances user comprehension but also aids in making well-informed decisions, ultimately leading to better strategic outcomes. In an increasingly complex world, ModelRisk empowers users to navigate uncertainty with confidence.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Qualisyst

Date Founded

1994

Company Location

Bulgaria

Company Website

www.qsyst.com/qualisyst_en.htm

Company Facts

Organization Name

Vose Software

Company Location

Belgium

Company Website

www.vosesoftware.com/products/modelrisk/

Categories and Features

Statistical Analysis

Analytics
Association Discovery
Compliance Tracking
File Management
File Storage
Forecasting
Multivariate Analysis
Regression Analysis
Statistical Process Control
Statistical Simulation
Survival Analysis
Time Series
Visualization

Categories and Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Popular Alternatives

MCM Alchimia Reviews & Ratings

MCM Alchimia

Alchimia Software

Popular Alternatives

RiskyProject Professional Reviews & Ratings

RiskyProject Professional

Intaver Institute
Statistix Reviews & Ratings

Statistix

Analytical Software
Analytica Reviews & Ratings

Analytica

Lumina Decision Systems
Analytic Solver Reviews & Ratings

Analytic Solver

Frontline Systems
DataMelt Reviews & Ratings

DataMelt

jWork.ORG
Explorer Reviews & Ratings

Explorer

Risk Insights