Monte Carlo Simulation tutorial

Make better decisions in the face of uncertainty

In addition to the overviews and tutorials below, you can visit our Resources To Help You Succeed page to access videos, user manuals, textbooks, and online courses you may find helpful.

Use the easiest and most powerful risk analysis and Monte Carlo simulation tools available

Risk and uncertainty are facts of life in most business and public policy decisions. However, with the right tools you can better understand risks and identify ways to mitigate them. This is especially important when “experimenting” in the real world is too expensive, dangerous, or time consuming.

It's easier than you may think.

In a short amount of time, for very little money, and with even a relatively simple Excel model, using  Risk Solver Platform you can better understand the risk and range of potential outcomes you face for a given situation, and then run thousands of "what if" scenarios to help you make better decisions as a result.

In just a few steps you can gain a surprising level of insight into what can go right, what can go wrong, and what you can do about it.

To learn more, visit our tutorials:

  1. Risk Analysis overview and tutorial – A foundational overview of quantitative risk analysis.

  2. Simulation overview – An introduction to simulations, performing them, and analyzing results.

  3. Monte Carlo simulation tutorial – An introduction to Monte Carlo simulation and how to use it.

  4. Simulation Optimization overview – See how it works as well as how to define and solve one.

  5. Monte Carlo Simulation example models – See example Excel models for simulation.

You may also want to learn about our Risk Solver products.

They are the easiest, most powerful, and fastest tools you can buy for risk analysis of your Excel models. Starting with best-in-class Monte Carlo simulation and our proprietary PSI interpreter for the fastest simulation times available, they can also be combined with our optimization tools for truly the most powerful decision making toolset available.

  1. Risk Solver product line overview – Learn about our Risk Solver line and what it can do for you.

  2. Video Demos – Watch how easy our solvers are to use and some of their many features.

  3. Get your Free Trial – We offer free, no risk, trials. Simply register and download your own full-featured trial version today.

 



New Version

Frontline Solvers V11.5 is now available for Windows.

Our Excel Solvers and several plug-in Solver Engines have been updated. This is a FREE update for users current on Annual Support.

Learn more about Version 11.5 of our Frontline Solvers


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