Most business modeling being carried out today relies on the use of spreadsheets and/or project management software to create project schedules, do simplified risk analysis calculations, carry out cost and revenue projections and other simple financial analyses. Although such tools are useful and applicable in many cases, they generally do not have the ability to represent the complex dynamics and uncertainties present in real world business systems. As such, the projections produced by these tools often do not provide a realistic representation of the future. This can lead to poor decisions.
By combining the flexibility of a general-purpose and highly-graphical probabilistic simulation framework with specialized features to support financial modeling, reliability analysis and optimization, GoldSim allows you to create realistic models of complex, real-world business and economic systems. Using Monte Carlo simulation, you can explicitly represent the uncertainty inherent in these systems in order to carry out risk analyses, evaluate alternative policies and strategies, and make better, more defensible decisions.
GoldSim can be used for a wide range of business modeling applications, most of which fall into the categories listed below. You can follow these links to learn more: