Why use advanced mathematical and
statistical methods on straight and simple
budget calculations?

The traditional approach of calculating a
project has its disadvantages. In
order to generate reliable decision data,
you need very reliable data put into the
calculation model you use. This is
the main weakness of any budget and
scenario analysis. Crap into a
calculation model means crap out of it.

Using Monte
Carlo simulation is not by far an
exception to this rule, but MCS is less
vulnerable to unreliable data into the
model as it provides the opportunity to
use whole intervals of values, not only
single figures. You don�t have to
pick THE ONE particular value to use for
an input in your model, you simply use all
that make sense (in a probability
distribution). Also, the MC
method in itself forces the user to make
up her/his mind on whether values are
likely, and how their probability is
distributed.

YourSim is an easily graspable decision
tool, easy to use for those who are not
mathematicians, statisticians or finance
analysts. It makes advanced
methods available for the ordinary
do-it-yourself man and woman who is
evaluating a business idea to launch in
the near or far future. Easy to
learn, little time spent on finding out
how it works, what to put in, and how
to inturpit what comes out.

YourSim provides the probability for
generating a loss (negative profit), and
graphs and numbers to describe important
data as break even and profit. Sensitivity
and cash build-up are easily analyzed by
manipulating the data put into the model.