Analycorp Offers XLSim with Microsoft Office XP; Practical Risk Modeling Software Will be Featured In Microsoft Office XP Inside Out.Business Editors/High-Tech Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--June 5, 2001 Analycorp Inc., a leading provider of practical risk modeling tools and seminars, announced that its Monte Carlo simulation Monte Carlo Simulation A problem solving technique used to approximate the probability of certain outcomes by running multiple trial runs, called simulations, using random variables. add-in for Microsoft Excel (tool) Microsoft Excel - A spreadsheet program from Microsoft, part of their Microsoft Office suite of productivity tools for Microsoft Windows and Macintosh. Excel is probably the most widely used spreadsheet in the world. Latest version: Excel 97, as of 1997-01-14. , XLSim, will be featured on the companion CD to the Microsoft Press title Microsoft Office Microsoft's primary desktop applications for Windows and Mac. Depending on the package, it includes some combination of Word, Excel, PowerPoint, Access and Outlook along with various Internet and other utilities. XP Inside Out, released last Thursday. XLSim uses a quantitative technique allowing managers without statistical training to model financial and other types of uncertainty and risk within the familiar environment of the spreadsheet. "We are excited to participate with the launch of Microsoft's Office XP," said Dr. Sam Savage, founder of Analycorp, who also teaches Management Science at Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. . "Through this offer, Microsoft Excel users are enabled to better understand their business problems without getting lost in the complexity of statistical analysis." XLSim offers up to one million iterations and two hundred output cells. It allows multiple outputs to be graphed on common graphs and animated for ease of comparison. Graphing functions are offered by applying Excel's internal capabilities. "The simplicity and ease with which XLSim can be used to perform complex simulations is impressive," said Ralph Blakemore, Director, Center for Advanced Technology, Enron Wind Corp. "Its approach to reducing mathematical and statistical analysis terminology to easily understood examples and discussion is under verbatim to describe the results of our simulations to management." A trial version of XLSim is available for free download at www.XLSim.com. This includes an electronic tutorial authored by Dr. Savage with a foreword by Peter L. Bernstein Peter L. Bernstein (b. January 22, 1919) is an American author, economist, and educator. Early life Bernstein graduated from Harvard College with a degree in Economics, Magna Cum Laude. He was also elected to Phi Beta Kappa. , author of best seller: Against the Gods - The Remarkable Story of Risk. About Analycorp Analycorp Inc. provides easy-to-use risk modeling tools and seminars for business decision-makers in industries such as financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , health care, petroleum, manufacturing, telecommunications and utilities. Founded by Dr. Sam Savage in 1997, the company provides a simple and comprehensive approach to modeling uncertainty and risk management. For more information please go to www.analycorp.com. Other product or service names mentioned herein are the trademarks of their respective owners. |
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