Palisade has announced a new version of its @Risk developer’s kit (RDK). The new dev kit lets software developers add risk analysis to analytical tools. The RDK adds the full functionality of @Risk including Monte Carlo simulation, graphing and reporting, distribution fitting and the @Risk interface to custom applications written in C, Visual Basic, or any other Windows-based programming language.
Version 4.0 of the RDK expands risk analysis capabilities and provides a new ActiveX/COM interface for integration into existing applications. Applications include financial modeling tools, corporate financial systems, energy/utility simulators, and other industry-specific programs.
These applications can be run on a desktop or in a network or web environment. One enthusiastic user is Calgary-based consulting house RiskAdvisory that uses the dev kit to help mid-size utilities get a handle on the many uncertainties that underpin their operations.
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