Game 1:
Game 2:
4. Define Outputs:
Move cursor to cell C2 (for Game 1) or B8 (for Game 2) and click on the Add Output icon.
This would define cells C2 and B8 as output cells. @Risk program will automatically define
Input cells (cells with @Risk functions such as RISKDISCRETE or RISKNORMAL.)
5. Start simulation by clicking the Start Simulation icon.
6. The Simulation Settings icon allows you to change the number of simulation and iterations
(the default is one simulation with 100 iterations). The Report Settings icon determines
what should be reported (e.g., brief vs. detailed summary statistics).
Hsieh, P.-H. 1
BA 555 Simulation
Fall 2006 @Risk
* indicates the most commonly used functions and will be discussed in the class.
Distribution Function Returns
RiskBeta(alpha1,alpha2) beta distribution with shape parameters alpha1 and alpha2
RiskBetaGeneral( alpha1, beta distribution with defined minimum, maximum and shape
alpha2,minimum, maximum) parameters alpha1 and alpha2
binomial distribution with n draws and p probability of success
* RiskBinomial(n,p)
on each draw
RiskChiSq(v) Chi-Square distribution with v degrees of freedom
RiskDiscrete({X1,X2,...,Xn}, discrete distribution with n possible outcomes with the value X
*
{p1,p2,...,pn}) and probability weight p for each outcome
discrete uniform distribution with n outcomes valued at X1
RiskDuniform({X1,X2,...Xn})
through Xn
RiskExpon(beta) exponential distribution with decay constant beta
extreme value (or Gumbel) distribution with location parameter
RiskExtvalue(a,b)
a and scale parameter b
gamma distribution with shape parameter alpha and scale
RiskGamma(alpha,beta)
parameter beta
general density function for a probability distribution ranging
RiskGeneral(minimum,maximum,
between minimum and maximum with n (x,p) pairs with value
{X1,X2,...,Xn}, {p1,p2,...,pn})
X and probability weight p for each point
RiskGeometric(p) geometric distribution with probability p
RiskHistogrm(minimum,maxi- histogram distribution with n classes between minimum and
Hsieh, P.-H. 2
BA 555 Simulation
Fall 2006 @Risk
Hsieh, P.-H. 3