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Monte Carlo Simulation

Posted on 2014-12-03
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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.
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Question by:Flora
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John-Charles-Herzberg earned 500 total points
ID: 40478878
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.
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by:Flora
ID: 40479695
do you know any better one than this. if I run the iteration of 3000 it is too slow.
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LVL 14

Expert Comment

by:John-Charles-Herzberg
ID: 40480517
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
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