Description
@Risk performs risk analysis using simulation to display multiple possible outcomes in a spreadsheet model, and indicates how likely they are to occur. It computes and controls mathematically and objectively a large number of possible future scenarios, and then indicates the probabilities and risks associated with each one, with this you can decide which risks to take and which to avoid, making the best decision in situations of uncertainty.
Application in education
@Risk can become a tool in teaching strategy, decision making, risk management and efficient resource allocation.
Functionalities
- Plan the best risk management strategy by integrating RISKOptimizer
- Use genetic algorithms or OptQuest to determine the best resource allocation, optimal asset allocation, most efficient schedule.
Advantages
- Its integration with RISKOptimizer allows you to optimize spreadsheets with uncertain values