New in ModelRisk Version 4.3

More distributions

We have added 19 new distributions to the Professional and Industrial editions of ModelRisk. ModelRisk now features a total of distributions. This is the most extensive range of distributions found in any risk analysis software package on the market. We often get the question: “Why are so many distributions included within ModelRisk?”. The answer is simple: the 90/10 rule.

This principle states that 90% of ModelRisk users will only use 10% of the available distributions. But… it is always a different 10%. Engineering users will use a different set of distributions than users in pharmacy. Therefore, we have chosen our range of distributions very carefully to make sure every industry is represented.

The following distributions were added:

• Burnt Finger Poisson
• GEV
• HypergeoD
• HypergeoM
• KernelCU
• Lifetime2
• Lifetime3
• LifetimeExp
• LogTriangle
• LogUniform
• Maxwell
• NormalMix
• NormalAlt
• PoissonUniform
• Skellam
• SkewNormal
• Slash
• Weibull3
• ZISkellam

Goto sample feature

ModelRisk now includes a feature that allows you to select any generated scenario from your simulation run and reproduce it in your model. This lets you investigate any scenario in full that is of interest, or allows you to recreate an error in your model that would be hard to find otherwise.. It is also a very useful feature if you need to show where your simulation results came from, or demonstrate that a risk is being modeled correctly - for compliance with regulators, for example.

Simulation statistics functions

Functions like VoseSimMean, that return the statistic of a nominated cell after a simulation run, now retain their values when you save and close the model. This means that you won't have to rerun the model the next time you open it to be able to see the values they take.

Simulation results data list

We have improved how the ModelRisk Results Viewer handles results data so you can now view, sort and filter simulation data results instantly no matter how large the simulation run.

Simulation results data export

We have improved the order in which the ModelRisk Results Viewer exports the simulation data to spreadsheets, so inputs, outputs and series are easier to find and use.