ModelRisk update log

We are committed to continually improving ModelRisk. This update log lists the improvements made with the most recent improvements listed first. Your copy of ModelRisk will automatically prompt you every third time you run it to install an update if one is available. Please note that the update will not install if your maintenance contract has expired. If you have suggestions for improvements, or find a bug please contact support@vosesoftware.com with the fullest possible description.

All ModelRisk users with a current maintenance plan can upgrade to this latest version free of charge. You can always check if you have the latest version of ModelRisk by clicking "Check for updates" in the Welcome screen, or "upgrade licence" in the "About ModelRisk" section under 'ModelRisk help' in the ModelRisk ribbon.

May 23 2010: Version 3.0.1.1 released

Added option to set the seed in the Stochastic Optimization.

A few minor improvements and fixes.

May 15 2010: Version 3.0.1.0 released

Two new subjective distributions:

• TriangleAlt
• PertAlt

The ability to plot multiple simulation results together in the same graphs within ModelRisk's Results Viewer.

VBA functions to automate simulation settings, running, creating results viewer charts, reporting to Excel, and setting up and performing optimization runs.

The ability to run VBA macros before and/or after a simulation run, and before and/or after each model recalculation.

CVAR (conditional value at risk) calculations in simulations and optimizations. (Only applies to the Insurance and Finance module)

Support for various language characters in ModelRisk charts.

The ability to export optimization reports to Excel.

Several other smaller enhancements.

Mar 9 2010: Version 3.0.0.6 released

Three new distributions (distributions with alternative parametrization):

• LogNormalAlt
• LogLogisticAlt
• WeibullAlt

Macro settings tab in the Simulation Settings window, which allows running VBA macros during simulation.

Minor improvements and fixes.

Feb 19 2010: Version 3.0.0.5 released

• New licensing option: ModelRisk Standard version
• Improvements in the Tornado chart
• Few minor improvements and fixes

Jan 14 2010: Version 3.0.0.4 released

• New installation and activation procedures
• Network Licensing for ModelRisk
• Few minor improvements and fixes

Dec 18 2009: Version 3.0.0.3 released

Optimization interface:

• New setting added that controls the update of the graph during optimization
• Optimization settings window: invalid optimization variables are shown in the table and can be corrected through the interface
• Optimization algorithm improved and became faster
• Optimization results graphing changed
• Added support for long optimizations
• Fixed several bugs

Simulation Results window:

• Improved several interface features

New spreadsheet functions added:

• VoseSimSemiVariance
• VoseSimSemiStdev
• VoseSimMeanDeviation
• VoseSimMin
• VoseSimMax

Some minor bug fixes

Nov 30 2009: Version 3.0.0.2 released

• VoseOptConstraintBetween(Name, MinValue, MaxValue, Enabled) added
• VoseOptRequirementBetween(Name, Statistic, MinValue, MaxValue, Enabled) added
• Optimization results window can now be visible during optimization by switching on the corresponding option in the Optimization Settings window.
• Optimization Results window is now resizable.
• Minor changes and bug fixes in the ModelRisk Library interface.
• Minor changes in the Simulation results window.

23 Nov 2009: Version 3.0 released