Building on the worldwide success of @RISK 5.0 and DecisionTools Suite 5.0, Palisade is pleased to announce the version 5.5 release of these best-selling risk and decision analysis tools.
Current @RISK 5.0 users will benefit from faster simulations — 2x to a remarkable 20x times faster than before — as well as new scatter plots from scenario analyses, a freehand distribution artist, and an Excel-style Insert Function dialog and graphs. @RISK 5.5 brings a range of new features to improve your analysis, save time, and encourage systematic adoption of risk analysis across your organization.
@RISK 5.5 is the best Monte Carlo simulation package available today, blending high-powered analysis with highly intuitive ease-of-use. The bottom line for you is a better understanding of what could happen and how likely it is to happen.
What's new in @Risk 5.5
- Simulation Speedup — Models run up to 20 times faster than version 5.0. In addition, all @RISK editions now use multiple CPUs and multicore processors to speed up simulations. This saves valuable time on models large and small.
- Interface Improvements — Quickly see distribution graphs and add @RISK functions to your model with a new Excel-style Insert Function command. Perform common tasks faster, in fewer steps.
- Translated Versions — @RISK 5.5 and RISKOptimizer have been fully translated into Spanish, Portuguese, French, German, and Japanese for users worldwide.
- Distribution Artist — Use the mouse to draw your own custom freehand curves, histograms, or discrete probability graphs that can be used to create @RISK distributions. Histogram bars and general curves may be adjusted after drawing, and may be fitted to probability distributions. This is useful for graphically assessing probabilities and then creating probability distributions from the graph.
- Scenario Scatter Plots — New scatter plots from scenario analysis highlight simulation input values for specified scenario outcomes.
- Better Simulation Archiving — The @RISK Library lets you store simulation results to be used as inputs for subsequent simulations, a great benefit for portfolio optimization and multi-stage applications.
- New Graph Types — Density and cumulative graphs may now be combined on the same graph for comparison. Tornado graphs and scatter plots are now available for scenario analysis, giving a better understanding of the interaction of multiple inputs on a result.
- Graph Improvements — A new zoom utility lets you focus on particular graph regions. Scatter plot X-Y delimiters show probabilities by quadrant. Better international support helps non-US users.
- Date Enhancements — Dates are fully integrated into distributions, graphs and reports for improved time and scheduling models.
- Correlation Improvements — Fix or assign weights to correlation elements to more accurately model relationships.
- New Distribution Types — Combine two distributions using the new RiskSplice function. Define uncertainty using new Johnson distribution types.
DecisionTools Suite 5.5
The entire DecisionTools Suite has been updated to integrate seamlessly with new @RISK 5.5. New versions of PrecisionTree, TopRank, RISKOptimizer, Evolver, NeuralTools, and StatTools are easier to use than before.
Find out more about @Risk 5.5 and DecisionTools Suite 5.5 and how to purchase the software.