https://github.com/pyscripter/XLRisk

Excell addin for performing Monte Carlo simulation
https://github.com/pyscripter/XLRisk

excel excel-addin monte-carlo-simulation vba

Last synced: 9 days ago
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Excell addin for performing Monte Carlo simulation

• Host: GitHub
• URL: https://github.com/pyscripter/XLRisk
• Owner: pyscripter
• License: mit
• Created: 2019-03-15T02:00:37.000Z (over 5 years ago)
• Default Branch: master
• Last Pushed: 2024-02-17T03:32:14.000Z (10 months ago)
• Last Synced: 2024-06-18T00:38:30.364Z (6 months ago)
• Topics: excel, excel-addin, monte-carlo-simulation, vba
• Language: VBA
• Size: 6.13 MB
• Stars: 94
• Watchers: 13
• Forks: 20
• Open Issues: 2
• Metadata Files:
  • Readme: README.md
  • License: LICENSE

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• jimsghstars - pyscripter/XLRisk - Excell addin for performing Monte Carlo simulation (VBA)

README

        
# XLRisk

XLRisk is an Excel addin for performing [Monte Carlo simulation](https://en.wikipedia.org/wiki/Monte_Carlo_method).  It is **free and open source** and it is **compatible with Excel for the Mac**.  It works in a similar fashion to commercial addins such as [@RISK by Palisade](http://www.palisade.com).

*Note:*  

Excel 2013 or later required.  Excel 16 or newer is recommended.

![The XLRisk Ribbon Tab](https://github.com/pyscripter/XLRisk/wiki/Images/XLRisk_Ribbon.jpg)

## Features

* Free and open source

* Can be used with both Excel for Windows and Excel for Mac

* Very easy to use

* Extensive simulation statistics and graphical output

* Implements the [Latin Hypercube sampling](https://en.wikipedia.org/wiki/Latin_hypercube_sampling) method for faster convergence and more accurate results

* Implements the [Iman-Conover method](https://www.uio.no/studier/emner/matnat/math/STK4400/v05/undervisningsmateriale/A%20distribution-free%20approach%20to%20rank%20correlation.pdf) for generating samples from correlated distributions

## Installation instructions and documentation

* [Download and Install](https://github.com/pyscripter/XLRisk/wiki/Installation)

* [The XLRisk Ribbon tab](https://github.com/pyscripter/XLRisk/wiki/Ribbon_Tab)

* [The XLRisk Options dialog](https://github.com/pyscripter/XLRisk/wiki/OptionsDialog)

* [Usage Instructions](https://github.com/pyscripter/XLRisk/wiki/Usage)

* [Risk/distribution functions](https://github.com/pyscripter/XLRisk/wiki/RiskFunctions)

* [Worked Example](https://github.com/pyscripter/XLRisk/wiki/WorkedExample)

* [Simulation Results](https://github.com/pyscripter/XLRisk/wiki/SimResults)

* [Correlated Inputs Example](https://github.com/pyscripter/XLRisk/wiki/CorrelatedInputsExample)

## Tutorials

* [Article on Risk Analysis using XLRisk](https://medium.com/analytics-vidhya/building-a-probabilistic-risk-estimate-using-monte-carlo-simulations-cf904b1ab503) by Zhijing Eu

* [Video tutorial](https://www.youtube.com/watch?v=0RiEquwDjNg)

**Credits:**  

I would like to thank the [ESMT](https://www.esmt.org/) students for providing an incentive for building this addin and helping to improve it.

Thanks are due also to Howard Rudd for his excellent [series of posts](https://www.howardrudd.net/how-tos/vba-monte-carlo-risk-analysis-spreadsheet-with-correlation-part-1/) on Monte Carlo simulation.

XLRisk makes use of some of his code.