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YourSim ...... Monte
Carlo simulation to the people!
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...........an easily graspable decision
tool, easy to use for those who are not
mathematicians, statisticians or finance
analysts .......... |
You don't need
expensive courses to become able to use
YourSim. Its interface is simple
and intuitive, a straightforward window
with only the most important data to relate
to, regarding demand, price and variable and
fixed costs. There are no pop-ups
(except standard Excel warnings if you
use unvalid data), this is a spreadsheet
workbook with no macros or other
code applied by the
programmer. Just enter your numbers,
decide how they are distributed, and make up
your mind about how your business is sited
and organized. Then tap <F9> for
calculation, and there you are. (Click
on the image to view it in full size.)
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By
moving the cursor to the red corner of some of
the cells, explanation, help and advice is
revealed: |
Charts show how
the model has used the data you put into it.
(From another calculation of the same case,
thus showing slightly different
numbers. Click on the image to
view it in full size.)
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In
the sheet "Out" charts show how the output
data are distributed, and illustrate
the "danger zones" in red.
One-sided and two-sided confidence intervals
contribute to give you an understanding of
what dangers and opportunities you are up
to. (Click on the image to view it
in full size.) |
Diagrams
over cumulated probability adds more to the
picture of the risk involved with your
business idea. (Click on the images to
view them in full size.) |
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