Let’s face it – one of the biggest excuses risk managers use to avoid quantitative analysis is the paralysis that comes from choosing the “right” probability distribution. The selection options in ModelRisk can make your head spin: Overwhelming, right? And that’s just one tool. The @RISK plugin also has over 90 distribution functions! It’s like being… Continue reading You don’t need to worry about which distribution to use any more
Tag: Analytic Solver
Important innovation in risk management – SIPmath™ 3.0 Standard
The AC Current Standard and First Industrial Power Plant of Chancification by Sam Savage ProbabilityManagement.org is proud to announce the first general release of the SIPmath 3.0 Standard for storing virtual SIPs in the universal JSON format. And we are delighted that the latest Analytic Solver from Frontline Systems both reads and writes this format.… Continue reading Important innovation in risk management – SIPmath™ 3.0 Standard
