Solved

Monte Carlo Simulation

Posted on 2014-12-03
3
287 Views
Last Modified: 2014-12-04
Hello,

Is there any free good Excel Add-in for using Monte Carlo Simulations?  it would be good if it would have the capability of calculating the latin hypercube simulation too.

anyone has experiance on this?  thanks for your help.
0
Comment
Question by:Flora
  • 2
3 Comments
 
LVL 14

Accepted Solution

by:
John-Charles-Herzberg earned 500 total points
Comment Utility
This is the one I have used

http://www3.wabash.edu/econometrics/EconometricsBook/Basic%20Tools/ExcelAddIns/MCSim.htm


This add-in, MCSim.xla, enables Monte Carlo simulation from any Excel sheet. The logic is quite simple: you select a cell that has or depends upon a random number (using either Excel's RAND or our RANDOM function) and the add-in recalculates the sheet for as many repetitions as you request. It outputs the results to a new sheet with summary statistics and a histogram. You may Monte Carlo more than one cell and you have several other options.
0
 
LVL 5

Author Comment

by:Flora
Comment Utility
do you know any better one than this. if I run the iteration of 3000 it is too slow.
0
 
LVL 14

Expert Comment

by:John-Charles-Herzberg
Comment Utility
This is one I have used and it is fast, but it costs.

Have a look at the demo video: http://www.solver.com/build-your-first-optimization-model

Risk Solver Platform
Powerful Excel Tool to Analyze Risk and Find Optimal Plans and Decisions

Risk Solver Platform offers Monte Carlo simulation, decision trees, powerful conventional optimization, simulation optimization, and stochastic optimization capabilities, for problems of virtually any size.

http://www.solver.com/risk-solver-platform
0

Featured Post

How to run any project with ease

Manage projects of all sizes how you want. Great for personal to-do lists, project milestones, team priorities and launch plans.
- Combine task lists, docs, spreadsheets, and chat in one
- View and edit from mobile/offline
- Cut down on emails

Join & Write a Comment

INDEX and MATCH can be used to great effect to replace HLOOKUP and VLOOKUP as it does not have the limitation of needing the data to be sorted so that the reference value is in the first column or row. It also has the ability to perform a bi-directi…
Approximate matching with VLOOKUP and MATCH seems to me to be a greatly under-used technique, and one which is vital for getting good performance out of large lookups. Until recently I would always have advised using an exact match for simplicity an…
This Micro Tutorial demonstrates how to create Excel charts: column, area, line, bar, and scatter charts. Formatting tips are provided as well.
This Micro Tutorial will demonstrate the scrolling table in Microsoft Excel using the INDEX function.

762 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question

Need Help in Real-Time?

Connect with top rated Experts

6 Experts available now in Live!

Get 1:1 Help Now