Handbook In Monte Carlo Simulation: Application...

Montecarlo simulation using excel is amazing. I really appreciate you for sharing the knowledge.

I have this question for you.

Let us say I am trying to figure out the variation in profit for variable A. Using the method suggested I can run the montecarlo simulation. I want to draw a graph at each iteration (X axis- Different units of variable A), (Y axis - Different profit levels which corresponds to different variable units.)

So once the iterations are over a chart will be drawn where this could be used as an efficient frontier.

Handbook In Monte Carlo Simulation: Application...

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I downloaded both xls and xlsx versions of the file "gold-mine-monte-carlo-analysis" and attempted to open them twice. On both occasions, MS Excel simply hung up and I had restart it. Is there something wrong with my machine? I think it's unlikely there can be something wrong with your two files...pls advise. Cheers!

In the first 1-Way Table ( -tables-monte-carlo-simulations-in-excel-a-comprehensive-guide/#1way-tables) I tried using NormInv to vary the Gold Price using formula =NORMINV(RAND(),1.68,0.1). This produces profit results that are completely inconsistent with the input values.

In the first 1-Way Table ( -tables-monte-carlo-simulations-in-excel-a-comprehensive-guide/#1way-tables),

I am trying out the second example of varying the input by percentage. I couldn't quite follow and it doesn't produce the result as you have shown.

I have set up the temp cell with a value zero.

Changed the Main Input Cell multiplied by 1+ the temp Input Cell.

created the data table by giving column input as $c$6. I am not seeing the result as you have shown above. Can you please explain me further? you can email me separately if this is too basic for others in this thread. Thanks.

Thank you very much for your post. I've been trying to figure out how to do a combination of your multiway tables with the advanced monte carlo simulation. What I would like is a scenario multiway datatable that returns aggregate functions of a monte carlo simulation datatable that runs 1000 or more iterations of said scenario. Can you link two data tables in such a way? I've been having trouble doing so.

This is just toooo good. I want to do operations which imitate the functionality of Crystall ball/risk solver, those kind of tools. Is it possible to do them with data tables and monte carlo analysis ??

Pls guide me how to proceed

I have used a monte carlo method from the book "How to Measure Anything" that uses 90% estimation intervals (EI), the fact that there are 3.29 standard deviations in 90% of the normal distribution, the formula: norminv(rand(), mean of 90% EI interval range, (upper 90% EI bound - lower 90% EI bound)/3.29)), 10000 monte carlo scenarios, and a histogram to display a normal distribution for any single point in time for the revenue formula. da14911010