Joomla! site syndication http://www.moneymodeling.com 2008-07-24T08:40:43+01:00 http://www.moneymodeling.com http://www.moneymodeling.com/images/M_images/joomla_rss.png text/html 2004-06-12T11:54:06+01:00 http://www.moneymodeling.com http://www.moneymodeling.com/news/latest/welcome-to-moneymodeling.com.html MoneyModeling.com is a SpreadsheetWorld website which provides products and services on modeling and simulation of money and assets using Excel spreadsheets and Visual Basic programming. Products include power workbooks of previously developed money models. Services include working with you to develop financial models tailored to your scenario. What is a Money Model? A SpreadsheetWorld money model is an Excel Workbook that provides Input-Output fields customized to a specific financial project. The input field is composed of decision parameters. The output field is composed of performance functions that depend on decision variables. The output field would typically also include a discrete event time simulation. For example, the number of fertile eggs produced per year by a small chicken farm would depend on the number of chickens that are of egg laying age. Of course it would also depend on lots of other variables like the age of the chicken and the number of roosters. If you are considering starting a small chicken farm to produce baby chicks, you should first develop a Money Model to simulate the probability that you will make a certain rate of return on your investment. There are a huge number of decision variables that you need to consider to answer that question. There are too many for anyone to figure out without a computer model. By preparing a Money Model you will have a much clearer picture of potential outcomes.Below is an simple example of a Money Model which can be used to iterate the worksheet using Goal Seeker to determine one of the 4 unknown input parameters. For example the user could determine the principle that would be borrowed for a specified interest rate, payment periods, and payment amount. The Goal Seek Automation feature of Excel provides this capability. This can only be done by writing some simple VBA script. A Simple Money Model (Payment Calculator) Pre-Developed Models SpreadsheetWorld has a inventory of pre-developed money models which are available to download. They are typically in the price range of $500. They are generic workbooks which have the typical input parameters which need to be considered for that financial project. SpreadsheetWorld can collaborate with you to further customize these models for an additional fee. Custom Models SpreadsheetWorld modeling experts can work with you to develop a custom model for your financial project. The minimum model cost of a non-proprietary model is $1500 which includes up to 10 hours of collaboration with SpreadsheetWorld experts. Additional time can be purchased if you want to continue working together to further refine the model. All models are never really finished, as you can always continue to refine the models to provide greater resolution, more decision variables, better models based on additional testing and data, etc. Proprietary Models SpreadsheetWorld can also work with you to develop a proprietary model. This requires that a NDA (Non-Disclosure Agreement) be signed by both parties. This prevents SpreadsheetWorld from offering a generic version of the model as a SpreadsheetWorld product. The minimum cost for developing a proprietary model is $2500 which includes up to 10 hours of collaboration with SpreadsheetWorld Experts. Modeling Experts David W. Curkendall, PhD Financial Modeling Specialist, SpreadsheetWorld, Inc. David is a retired scientist from the Jet Propulsion Laboratory and has applied his expertise in trajectory optimization to fashion new personal financial strategies as discussed in his book, “Spend It Backward: A Lifetime Perspective on Money, Its Management and Ultimate Rewards.” He, along with partner Herb Siegel are developing a complete software packgage, implementing the concepts from Spend It Backward into an interactive planning tool that anyone can explore and use when fashioning their family’s financial strategy. Ryan A. Mincer, Financial Modeling Specialist, SpreadsheetWorld, Inc. Ryan is currently pursuing a Bachelors degree in the School of Economics at the University of California, San Diego. He works as a Part-Time Intern at SpreadsheetWorld on selected financial modeling projects. He is an expert in the use of Excel Spreadsheets and VBA with a focused interest in modeling the financial aspects of projects as well as risk analysis using Monte Carlo Simulation. Tom R. Mincer, Ph.D., is the Founder and President of SpreadsheetWorld, Inc. Dr. Mincer is widely recognized as an early pioneer in the extensive use of Excel, VBA and FORTRAN DLLs in modeling and simulation. For the past 15 years he has worked extensively in the areas of systems design, simulation and optimization using the Excel Structured Spreadsheet environment. In 1995, he extended his efforts to industry by launching the popular SpreadsheetWorld hands-on workshops using Excel and VBA in engineering, science, accounting, and finance. These workshops have been taught over 200 times to over 150 companies worldwide. Alumni from these workshops exceed 1,500 participants. Workshops are also offered on a regular basis as public workshops or on-site. In 2000, Dr. Mincer founded SpreadsheetWorld to extend the training services to include development and commercialization of Excel/VBA Toolboxes, and to provide Excel/VBA applications development services to enhance the implementation of the best practices and methods taught in his workshops. Sam L. Savage, Ph.D. After receiving his Ph.D. in computer science from Yale University, Savage spent a year at General Motors Research Laboratory. He joined the faculty of the University of Chicago Graduate School of Business in 1974 where he taught regular classes until 1990 and then developed the Beyond What If seminar series. In 1985 he led the development of a software package that couples linear programming to Lotus 1-2-3. This popular package, called What'sBest!, won PC Magazine's Technical Excellence Award. In its 1992 review of his work, OR/MS Today stated that Savage is on the forefront of a movement that is about to change how management science is being taught. Dr. Savage is currently Director of the Industrial Affiliates Program in the Department of Engineering Economic Systems and Operations Research at Stanford University. He consults and lectures extensively to industry and government agencies and is the founder and President of AnalyCorp Inc., a firm that develops executive education programs and software for improving business analysis. Dr. Savage teaches 2 seminars through Professional Education International (www.peinternational.com) which feature using Excel and his Excel Add-in to teach risk analysis of financial projects. His Excel Add-ins are available on the SpreadsheetWorld website at www.spreadsheetworld.com. Herb Siegel, Financial Modeling Specialist, SpreadsheetWorld, Inc. Herb is a retired scientist from the Jet Propulsion Laboratory, and co-author with David Curkendall of a new book entitled “Spend it Backward”. text/html 2004-08-09T08:30:34+01:00 http://www.moneymodeling.com http://www.moneymodeling.com/newsflashes/newsflash/newsflash-1.html Experience the NEW MoneyModeling.com website!