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The
three versions of ModelRisk
How to run a trial of ModelRisk Professional and Industrial
There are three versions of ModelRisk available. They are designed to best match your technical and budgetary requirements:
1. ModelRisk Standard
The Standard version of ModelRisk is free and has no expiry. It is a professional quality product that includes the common distributions that you find in other Excel add-ins, correlation, and great graphical results which you can share electronically with non-ModelRisk users by using our free ModelRisk Results Viewer. It includes a converter if you want to convert models from other Excel add-ins. The Standard version is a great tool if you want to write simple Monte Carlo models in Excel. It can also be very useful if you want to teach a class in risk analysis because the participants don’t need to purchase any software, and they have a full working product rather than a ‘trial version’ that expires. The Standard version has 8 interfaces and adds 81 new functions to Excel.
2. ModelRisk Professional
The Professional version of ModelRisk is designed for people who need to build more sophisticated models. The features are sufficient for most risk analysis problems. It adds a large array of tools and features to the Standard Version, including:
• Over 100 different distributions
• More correlation shapes
• Stochastic optimization
• Time series
• Markov chains
• Fitting distributions, copulas and time series to data
• Expert elicitation tools
• Extreme value tools
• Modeling with Objects
• Aggregate (compound) modeling
• Interactive data visualizing tool
• Probability calculations
The Professional version has 21 interfaces and adds 885 new functions to Excel.
3. ModelRisk Industrial
The Industrial version of ModelRisk is designed for real power users! It adds some very sophisticated tools and features to the Professional version, which will be of greatest appeal to the insurance, finance, engineering and scientific user. For example:
• Six sigma support
• Spliced and Deduct distributions
• Risk event modeling
• Financial time series (ARCH, GARCH, APARCH, multivariate GBM, BEKK, Wilkie, etc)
• FFT, multivariate FFT, de Pril, custom logic and other aggregate modeling tools
• Bayesian model averaging for distribution, copula and time series fits
• Database connectivity for model fitting
• Eigenvalue and eigenvector determination, Cholesky decomposition
• Interpolation, numerical integration, summation and ordinary differential equation tools
• Insurance fund ruin and depletion tools, runoff triangle simulation, portfolio optimization, mean excess and premium calculation tools
• Reference library system
The Industrial version has 32 interfaces and adds 1060 new functions to Excel.
If you have a copy of the Standard version of ModelRisk you can run a 15-day trial version of the complete ModelRisk Industrial version (which includes all ModelRisk Professional features) by clicking on the Unlock icon in the ModelRisk toolbar or ribbon in Excel:
The trial can be run at any time, so we recommend that you first become familiar with how to use the Standard version of ModelRisk so that you can get the most out of your trial.
Once the trial has expired, ModelRisk will revert to the Standard version. Clicking on this same icon will then provide you with instructions on how you can purchase an upgrade.
If you have already used the 15-day trial of the Industrial version of ModelRisk described above, clicking on the ModelRisk upgrade icon will provide you with instructions on purchasing an upgrade.
You have several other options. The Vose Software account application that opens when you load ModelRisk has an Upgrade tab. The application can also be opened by clicking this icon on the ModelRisk toolbar or ribbon in Excel:
This will show you the discount that your bonus points can give you on purchases of ModelRisk Professional and Industrial versions.
If you don’t wish to use your bonus points, you can purchase upgrades online by visiting this page of our web site.
You can also request a quote online by visiting this page of our web site.
If you wish to order a network license, want some advice before purchasing, or simply prefer to deal with a friendly voice, then please feel free to contact us:
Vose Software BVBA
Iepenstraat 98, Gent 9000, Belgium
Tel: +32 (0)933 034 82
Fax: +32 (0)932 406 23
Email: sales@vosesoftware.com