Vensim Reviews & Ratings

Vensim

3.0 out of 5 stars

Ratings and Reviews 1 Rating

Total 3 out of 5 stars
ease 3 out of 5 stars
features 4 out of 5 stars
design 3 out of 5 stars
support 1 out of 5 stars

Ratings and Reviews 0 Ratings

Total 0 out of 5 stars
ease 0 out of 5 stars
features 0 out of 5 stars
design 0 out of 5 stars
support 0 out of 5 stars

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What is Vensim?

Vensim® is the preferred software for numerous analysts and consultants globally, facilitating the creation of sophisticated simulations across business, scientific, and environmental domains. This software encompasses a robust collection of tools designed for model development, testing, interpretation, and distribution. Among its features are cause and effect diagramming, various methods for graphical or textual model construction, and the ability to easily replicate model structures using subscripts and arrays. Furthermore, Vensim supports Monte Carlo sensitivity analyses, optimization techniques, efficient data management, and application interfaces. Its additional capabilities enhance model resolution and accuracy, while patented methods are employed for detecting and preventing errors, as well as for swiftly comprehending complex results. Overall, Vensim stands out as a comprehensive solution for anyone looking to perform in-depth system simulations.

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

API Availability

Pricing Information

$50 per month
Free Version
Free Trial Offered?

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

Windows
Mac

Supported Platforms

Windows

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Ventana Systems

Date Founded

1985

Company Location

United States

Company Website

ventanasystems.com

Company Facts

Organization Name

Vose Software

Company Location

Belgium

Company Website

www.vosesoftware.com/products/modelrisk/

Categories and Features

Simulation

3D Modeling
Agent-Based Modeling
Continuous Modeling
Dynamic Modeling
Industry Specific Database
Monte Carlo Simulation
Presentation Tools
Stochastic Modeling
Turbulence Modeling

Categories and Features

Risk Management

Risk Assessment

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