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In This Newsletter
ModelRisk 4.0 released
New in ModelRisk 4.0
Upgrades for existing customers
ModelRisk 4.0 released
We are pleased to announce the release of ModelRisk 4.0. ModelRisk is now available is three versions:
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ModelRisk Standard |
ModelRisk Professional |
ModelRisk Industrial |
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provides advanced Monte Carlo simulation in Excel. Vose Software offers the Standard version at no charge. Download you copy of ModelRisk Standard here.
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adds 'objects' to ModelRisk Standard that greatly extend and simplify what you can model, as well as optimization and much more. 
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adds a range of advanced features to the Professional version that help solve common, more complex problems specific to various industries.
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New in ModelRisk 4.0
ModelRisk Standard is a simple-to-use Monte Carlo add-in for Excel. It offers over 40 distributions and numerous ways to correlate your distributions using copulas. An ideal tool for people who need to build simple Monte Carlo models, but want a professional quality, reliable software application to do it with. ModelRisk Standard has no expiration date, and if you are curious about how the extra features in ModelRisk Professional or Industrial versions can help you, you can start a 15 day trial with one button click. When the trial is over, ModelRisk will revert to its Standard Version.
The ability to customize the graphical reports from simulation results have been greatly improved for all editions of ModelRisk and the free Results Viewer tool.
Once you have created the perfect format for your graphical reports, ModelRisk will automatically store the settings in your workbook. When you next run the model, the graphs will appear with the same formatting.
ModelRisk Industrial now incorporates a very powerful and flexible tool for modeling systems of ordinary differential equations.
The OptQuest optimizer now incorporates the ability to specify constraints on your decision variables as formulae, for example that A + 2*B-C > 100, where A, B, and C are decision variables. We have also increased its optimization speed significantly.
ModelRisk Industrial now includes a variety of functions to help you perform Six Sigma analyses of your simulation results.
The ModelRisk help file is now even more comprehensive, and has been redesigned for easier access to the topics that interest you.
An extensive help file has been added for users wanting to build models with VBA calls to ModelRisk.
A new companion application to ModelRisk gives you access to the latest information on our software updates, lectures and training courses, as well as offering example models and white papers. Use the Tell a Friend tool and you will build up big discounts on our training courses and software products. You can also update your profile at any time so you will only be offered material that is of specific interest to you.
Upgrades for existing customers
All ModelRisk users with a current maintenance plan can upgrade to version 4.0 at no cost. If you are a ModelRisk 3.0 user with a current maintenance plan and are interested in this new upgrade, please email stijn@vosesoftware.com with the following information:
- Company name
- User’s name
- Serial Number(s)
You will receive your new serial numbers within two working days.
It is important that you do not run the installation file for ModelRisk 4.0 before you receive your new serial number(s).
Customers with an expired maintenance plan will need to ‘catch up’ before being able to upgrade. If your current maintenance plan has expired and you want to upgrade to ModelRisk 4.0, please contact stijn@vosesoftware.com.