@Risk v Crystal Ball

Excel Facts

What did Pito Salas invent?
Pito Salas, working for Lotus, popularized what would become to be pivot tables. It was released as Lotus Improv in 1989.
Crystal Ball 2000 Standard is an easy-to-use simulation program that helps you to analyze the risks and uncertainties associated with your Microsoft Excel spreadsheet models.

@RISK is an add-in to Microsoft Excel. As an add-in, @RISK becomes seamlessly integrated with your spreadsheet, adding risk analysis to your existing models.

I guess since they are add-in to Excel, be good to know which one is better. It is related to this board or not?
 
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Hi,

These are 3rd party add-ins designed for simulation modeling, using Monte Carlo simulation and other techniques, I think.

I have never used/seen either of them, but I have heard that Crystal Ball is better, with a better interface and more features. The manual is said to be much better as well.

That said, both of these are the top of the line with the off-the-shelf programs, so the differences above are not meant to be taken as one is great and the other terrible.

I think Sam Savage also has a more basic (and cheaper) add-in available http://www.insight.com (????)

HTH,
Jay
 
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