Tag: monte carlo

FOR IMMEDIATE RELEASE Press Contact: Rachel Glassford  (888) 744-6295 Date: April 5, 2016 Kitchener, Ontario – SigmaXL Inc. is pleased to announce that DiscoverSim Version 2, our Monte Carlo simulation and global optimization Excel add-in, has been formally validated by a major FDA regulated medical devices company. “Our medical device company has found Monte Carlo […]

The three critical aspects of a running a successful project include project costs, project scope and project schedule. Since projects contain many sources of variation, all three aspects are prone to not meeting targets. Project managers need to use appropriate tools to manage the variability (or risk) in the project. Critical Path Method Traditionally, project […]

FOR IMMEDIATE RELEASE Press Contact: Kevin Madden (888) 744-6295 Toronto (July 29, 2013) – SigmaXL Inc., a leading provider of user friendly Excel Add-ins, announces the release of DiscoverSim Version 1.1 for Monte Carlo Simulation and Global Optimization. DiscoverSim enables you to quantify your risk through Monte Carlo simulation and minimize your risk with global […]

Monte Carlo simulations are often used as a powerful tool in the Analyze or the Improve phase of a Six Sigma DMAIC (Define, Measure, Analyze, Improve, Control) project. For instance, Monte Carlo simulations can be used to improve the capability of processes. The Monte Carlo simulations can quantify the expected variation improvement. However, simulations are not […]