ProbWorks is a useful program that comes with a suite of uncertainty and sensitivity analysis tools for use within Microsoft Excel. Each driver component has a particular benefit or utility to different classes of problems. The individual drivers in the current release are:
Advanced Monte Carlo
Discrete Probability Optimal Matching Distribution (DPOMD)
Response Surface Equation (RSE) Generator
The probabilistic capabilities in the ProbWorks: Excel tools are useful when trying to minimize the computational expense for Monte Carlo simulations, ranking the influence of input variables, and design space approximation through Response Surface Methodologies (RSM). A manual and several examples are included.
￭ Excel 2000
￭ 64 MB of RAM
￭ 30-day trial, see description