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FREQUENTLY ASKED QUESTIONS AND TROUBLESHOOTING GUIDE

 

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You can also view our installation and troubleshooting videos:

For more videos on getting started using the software applications, please visit our Download site.

OUR PRODUCTS' COMPETITIVE POSITION     (Top)


1. How does Risk Simulator, Real Options SLS, Modeling Toolkit, and ESO Valuation Toolkit compare with other products?
It is our corporate policy not to badmouth or criticize other competitors or their software. Therefore, we will not provide a direct product comparison. However, the following are key items and characteristics of our software that other comparable products do not posses:

  • 25 probability distributions (we have more distributions that our competitors)
  • An advanced Modeling Toolkit with over 300 Excel and SLS templates and about 800 advanced analytical models, tools and functions (accessible via C++ or Excel as an add-in function)
  • Our ESO Valuation Toolkit was the same software used by the U.S. Financial Accounting Standards Board when writing the revised FAS 123R
  • Advanced forecasting techniques including ARIMA (Box-Jenkins Autoregressive Integrated Moving Average) and nonlinear extrapolation, cubic spline interpolation and extrapolation, GARCH volatility models, Markov Chains, stochastic processes (Brownian motion random walk, mean reversion and jump diffusion models) and many more.
  • Distributional fitting for all continuous and discrete distributions
  • Statistical hypothesis testing, advanced data diagnostics (heteroskedasticity, multicollinearity, autocorrelation, micronumerosity, and so forth) and statistical analyses (fitting, normality, randomness test, stochastic parameter calibration) that are all automatic
  • Stochastic forecasting capabilities (mean-reversion, random walk, Brownian Motion, jump-diffusion, mixed processes)
  • Integrated reporting capabilities for all of our methodologies (these reports provide detailed explanations of the results and analyses performed)
  • Super-fast optimization capabilities
  • Truly stochastic optimization techniques, and not simply simulation-optimization as some of our competitors
  • A truly customizable options modeling software with the ability to solve thousands of real options, financial options, and employee stock options valuation problems
  • Created by the same person who has written 10 books on the subject, a professor around the world, and the same person who teaches the live training seminars and Training DVDs
  • We complement our products with books, Training DVDs, live training seminars, and consulting services, providing a comprehensive service and product package
  • Our models, analytics and algorithms are vigorously tested and retested with each release, to ensure the highest level of accuracy and precision, and has been vetted by external third-party professors and experts in the area
  • Integrated with the Certified in Risk Management (CRM) certification program
  • If you are still not convinced, please click here to download our more detailed competitive analysis!

 

FAQ ISSUES FOR RISK SIMULATOR     (Top)


You can download the one page Troubleshooter Guide here for Risk Simulator.

1. What are the system requirements for installing Risk Simulator?
The system requirements are:
    - Windows XP with SP2 (Service Pack 2) or Windows Vista 32 and 64 bit or windows 7 (32 and 64 bit)
    - Excel XP or 2003 or 2007
    - Pentium IV with 512MB RAM minimum (Dual Core/2GB RAM recommended)
    - Administrative rights for installing the software
    - Microsoft .NET Framework 2.0 or later

Try our Troubleshooter tool and see if your system is correctly configured with all the required prerequisites.

2. How do I install the software?
Make sure that you have administrative rights to install the software, and that your system requirements match or exceed those required in Item 1 above. In addition, make sure you have .NET Framework 2.0 already installed on your computer. Then, simply download the trial or full version of the software, double click on the exe file, and follow the instructions. Make sure to first uninstall any older versions of Risk Simulator before attempting to install a new version.

3. How do I know I have .NET Framework 2.0 installed on my computer?
Most newer computers have .NET Framework 2.0 and 3.0 preinstalled. Risk Simulator (as well as many newer software available in the market) require .NET Framework 2.0 and above. To check if you have it installed, simply click on START, CONTROL PANEL, ADD OR REMOVE PROGRAMS and look for MICROSOFT .NET FRAMEWORK 2.0. If it is not there, download and install .NET Framework 2.0 before you start to install Risk Simulator. You can also run our Troubleshooter tool and see if your system is correctly configured with all the required prerequisites and if .NET Framework 2.0 is preinstalled.

4. How long will my trial version last?
The trial version will last for 10 days, upon which the license will expire. You will be unable to use the software unless you purchase a full license or contact us for an extended trial license (you will need to send us your Hardware ID for Risk Simulator installed on your computer).

5. How do I obtain and install the new license I purchased?
Simply install Risk Simulator, start Excel, and click on Risk Simulator and select License and you can see an 11 to 20 digit Hardware ID that is specifically generated for your computer (we locate the serial numbers from 5 to 8 hardware components of your computer and apply our encryption algorithm to generate this unique ID specific for your computer).  E-mail admin@realoptionsvaluation.com your 11 to 20 digit Hardware ID number and we will e-mail you a permanent license file. Simply copy the license file we send you to your computer, start Excel, click on Risk Simulator and License, then click on Install License. Browse to the location and select the license file we e-mailed you and click OK. Restart Excel and you are now permanently licensed to use the software.

6. Can Risk Simulator work on international operating systems?
The current version of Risk Simulator 4 works well in foreign operating systems. In fact, we Risk Simulator and Real Options SLS are now available in English, Spanish, Chinese, and Japanese!

7. Why does Risk Simulator not start when Excel starts when in the past it used to work correctly?

Sometimes, if Excel freezes or has some errors due to opening a corrupt Excel file or computer instability, Excel automatically disables all add-ins. Sometimes, it is a hard disable (for serious problems) or soft disable (for less serious issues). This is an Excel security issue and not a Risk Simulator software issue. You can download and run the Risk Simulator Restore Tool (RS Restore Tool) here OR click on Restore RS in the Start, Programs, Real Options Valuation, Risk Simulator menu shortcut OR follow the detailed instructions below. Also please see the next FAQ item below for an alternative issue.

To re-enable an add-in that has been hard disabled by a Microsoft Office 2003 application, On the Help menu, click About Microsoft Office, click Disabled Items, select the mscoree.dll add-in for Risk Simulator and click Enable.

To re-enable an add-in that has been hard disabled by Excel 2007. In Excel 2007, click the Microsoft Office Button (top left corner of Excel), click Excel Options, Add-ins. In the Manage drop list box at the bottom, click Disabled Items, and then click Go. Select Risk Simulator and click Enable, then click Close.

To re-enable an add-in that has been soft disabled by Excel 2007, click the Microsoft Office Button (top left corner of Excel), Excel Options, Add-ins. In the Manage box at the bottom, click COM Add-ins, and click Go. In the COM Add-Ins dialog box, select the check box next to the disabled Risk Simulator add-in, and click OK.


To re-enable an add-in that has been soft disabled by Excel 2003, on the View menu, point to Toolbars, and then click Customize. Click the Commands tab. In the Categories box, click Tools. In the Commands box, select COM Add-Ins and drag it to a toolbar. Click Close. On the toolbar, click COM Add-Ins. Select the check box next to the disabled Risk Simulator add-in and click OK.

8. Why does Risk Simulator refuse to start when I start Excel despite successfully installing the software?

Your Excel may be set to super high security settings, which disables everything that links to Excel. To fix this in Excel 2003 or Excel XP, simply start Excel, click on Tools, Macro, Security, Trusted Publishers and make sure to check/select "Trust all installed add-ins and templates" and restart Excel. To fix this in Excel 2007, Start Excel, click on OFFICE icon (top left corner), Excel Options, Trust Center, Trust Center Settings, Add-Ins, uncheck all 3 options and restart Excel.


9. Why does Risk Simulator not start when Excel starts when in previous versions or in the past it used to work correctly?

There is also another possibility why Risk Simulator does not start with Excel. This is when you have too many Add-Ins installed and some of them have altered the Excel startup behavior. For example, look at the Excel installation path and see if you can spot a file called Excel.exe.config, that is:

       Excel XP C:\Program Files\Microsoft Office\OFFICE10\EXCEL.EXE.config
       Excel 2003: C:\Program Files\Microsoft Office\OFFICE11\EXCEL.EXE.config
       Excel 2007: C:\Program Files\Microsoft Office\OFFICE12\EXCEL.EXE.config
 

If so, one of your software add-ins has altered Excel. We suggest you make a backup of this file to a different location and delete this file in the Office folder above. Then, uninstall and reinstall Risk Simulator and it should start normally. You will need to uninstall and reinstall because Excel has been changed.

Also, do try our Troubleshooter tool and see if your system is correctly configured with all the required prerequisites.

10. Why does Risk Simulator refuse to start when I start Excel despite successfully installing the software or I receive some weird error about License date string cannot be read?
Sometimes RS does not start after it has been installed successfully because your computer probably has some weird combination of Regional Settings…. For instance, someone in France installing a Chinese Excel/Windows and running on German language settings with Swahili dates and numbering system (actually, our QA team had tested this combination and it works J) but the point is, it is impossible to test all possible combinations and there might be a combination where Excel actually has some internal conflicts with Windows, thereby creating a component call issue with Risk Simulator, and the software does not start or you cannot install your license… The way to fix this is to change the regional settings to a regular country like Chinese (PR China) or English (USA) with the default settings and restart Excel to start Risk Simulator. Regional Settings is available under Start/Control Panel.

11. RS sometimes does not start when double-clicking an XLS file?

This happens because some software (e.g., Microsoft Outlook's Auto Previewer) holds an invisible Excel instance hostage (so that it can quickly start Excel to auto preview e-mail XLS attachments). You can either turn off Auto Preview in Outlook; Open XLS file by first starting Excel and clicking on File, Open, and not double click on an XLS file; or Make sure Excel is already closed, then Ctrl+Alt+Delete and force the invisible Excel instance to end (in Processes tab, select Excel, End Process).

 

12. I get an "Error: Object reference not set to an instance of an object." What happened?
If you logged in as an administrator and installed Risk Simulator, then subsequently logs in as someone else and try to start the software, you will get this error. This is Windows' security control preventing one user from accessing another's files. If this occurs, please uninstall Risk Simulator and reinstall on the correct login and the software will run normally.

13. I get an ERROR 1155 stating that the MSIINST30.exe is missing. What happened?
If you get this error, your Windows XP is not updated and your computer may be vulnerable! Some critical security files that are required are not installed on your computer. This is a Windows error and not a Risk Simulator error. To solve this problem, we highly suggest you visit the Microsoft site to Download SP2 (Service Pack 2) for Windows XP before proceeding. Alternatively, you can download SP2 at a later date but Download a Temporary Patch right now for fixing this problem such that you can install Risk Simulator. If the patch does not work, try installing the latest Windows Installer here.

14. I get an ERROR 1321 stating that the installer has insufficient privileges to modify the file. What happened?
If you get this error, contact your IT specialist to log you in as an Administrator so that you can install the software. This is a common problem for most software where administrative rights and privileges need to exist before certain software products can be installed. Most home computers' default settings will automatically have administrative rights and you should not have any problems. 

15. Why do I get an ERROR 1722 indicating that there is a problem with the Windows Installer Package?
You get this error during installation because you do not have Administrator Privileges to install software on your computer. Log off the current user and log on as the administrator and reinstall the software. If you work for a corporation with IT controls on administrator rights, contact your IT personnel to help you install the software, use it at least one time to make sure it works, and then log on again as usual. The administrator rights are required as there are certain files that need to be installed into your c:\windows directory for the software to work, and only administrator privileges are allowed to do so. Typically, this is not a problem for most personal computers as administrator rights are automatically assigned. 

16. Why do I get an ERROR 1935 or 1722 indicating that there is a problem with the installation?
You typically get this error if you do not have Microsoft .NET Framework 2.0 installed. Exit the installation and install .NET Framework 2.0 first, then reboot and try installing Risk Simulator again. Most newer computers with Windows XP or older versions of Windows with frequent critical updates installed (e.g., Service Pack 2), should already have .NET Framework 2.0 preinstalled and not receive this error. Please check to make sure you have .NET Framework 2.0 installed by going to Control Panel, Add/Remove Programs and scrolling down the list or try our Troubleshooter tool and see if your system is correctly configured with all the required prerequisites.

17. Why do I sometimes get a grid error with a large red X or an unknown error closes simulation forecast windows?
This is a known Microsoft bug where if you install say Portuguese Windows 2000 with Excel 2003, you will get such errors on almost half of the Excel-based software in the market. We recommend upgrading to Windows XP. Also, if you are using Windows XP with an older Excel version (2000 or XP) there are two ways to fix this according to Microsoft: Option 1: Download and install .NET Framework 2.0 Service Pack 2 here and everything will be fixed. Option 2: Right-click on the desktop and select Properties and Themes, then on the drop-list, select Windows Classic. This is because on older versions with older computers, there is a Windows memory bug and sometimes, insufficient memory allocated to display certain items.

18. Why did I get a System Clock Back Error?
Shame on you! You are getting this error because you have finished your 10-day trial period and attempted to change the system clock back in order to keep using the software for free! The software has caught you playing with the system clock. In order to continue, you will need to purchase a permanent license from us, and at that time, we will provide you a license to take care of the problem plus unlock the software permanently.

19. Driver Components Mismatch

I get the error "Driver components mismatch. Exit is the only option." This error appears because your graphics driver is corrupted. You will have problems with many other software that uses powerful graphics. To fix this problem download and install the latest graphics driver. Most desktop computers use NVidia graphics cards and you get the drivers at http://www.nvidia.com/Download/index.aspx?lang=en-us
However, if you have a notebook/laptop the above link will not be good and you should download new drivers from the manufacturer of the notebook/laptop.

 

20. Uninstalling Risk Simulator
Here are some tips on uninstalling Risk Simulator and its effects of whether it is permanent or temporary:

  • You can uninstall the software by using Start, Control Panel, Add or Remove Programs (Programs and Features in Vista). Make sure you are uninstalling “Risk Simulator” and not some other similar sounding software. Start Excel and Risk Simulator should no longer be available. If this does not work, try the next step:

  • Re-download Risk Simulator and install it. If there is a previous version of Risk Simulator on your computer, it will ask that you Uninstall it first. Select the Uninstall option and follow the onscreen instructions. If this does not work, try the next step:

  • In case you do not wish to uninstall the software but only detach it from starting when Excel starts, here are a few things you can do:

    • Start Excel, click on Risk Simulator, Options, and DESELECT Start Risk Simulator when Excel Starts. The next time you start Excel, Risk Simulator will not start. You can start Risk Simulator by going to the Start, Programs, Real Options Valuation menu item.

    • If you are using Excel XP/2003, click on View, Toolbars, Customize, select the Commands tab, in Categories select Tools, COM Add-In. Click on this COM Add-In and drag it to your icon toolbar in Excel, then close the user interface. Click on the icon COM Add-In and deselect Risk Simulator. Restart Excel and Risk Simulator will no longer start with Excel.

    • If you are using Excel 2007, click on the Office icon (top left corner) in Excel, select Excel Options, Add-Ins and on the Manage drop list, select COM Add-Ins, click GO, and turn off Risk Simulator. Restart Excel and Risk Simulator will no longer start with Excel.

  • In the event that your software license has expired and you have problems uninstalling the software using the approach above, e-mail us with your name and Risk Simulator version number and we will send you a temporary 1 day license file. Save the attached temporary license files to your hard drive. Start Excel, click on Risk Simulator, Install License, then browse to the license file you just saved. Restart Excel and you are temporarily licensed and can access some tools. Then click on Risk Simulator, Options, DESELECT Start Risk Simulator when Excel Starts. Restart Excel and Risk Simulator will no longer be bothering you when Excel starts. If this does not work, try the next step:

  • Try to download some third-party uninstallers to clean up Risk Simulator. We do not recommend any products specifically but there are many freeware tools out there that will do the job (do a quick Google search).
     

21. Kaspersky Antivirus and Internet Security 2010
Kaspersky Internet Security software sometimes interfere with the proper functioning of some Risk Simulator tools. The symptom includes getting error messages when running forecasting methods or reports seem to refuse to be created. There is a very simple configuration you need to turn on in Kaspersky that will fix this problem. Click here to download a more detail instructions file.

  1. Keep Excel open and running. Start Kaspersky Internet Antivirus either from the Start Programs location or double-click the icon at the bottom right of your screen.

  2. Click on the following: My Protection >> Systems and Applications >> Application Control >> Options: Threats and Exclusions >> Exclusions: Settings… >> Trusted Applications >> Add >> add Microsoft Excel here* >> make sure the Do Not Monitor Application Activity option is selected

    * click on Applications >> Microsoft Excel, or click Browse to the program location where Excel.exe is located such as C:\Program Files\Microsoft Office \OfficeX\Excel.exe
     

INSTALLATION ISSUES FOR REAL OPTIONS SLS SOFTWARE     (Top)


1. What are the system requirements for installing Real Options SLS?
The system requirements are:
    - Windows XP or Windows Vista 32 bit and 64 bit
    - Excel XP or 2003 or 2007
    - Pentium IV with 512MB RAM minimum (Dual core with 1GB RAM recommended)

    - Microsoft .NET Framework 2.0 or later

2. Why did I get a System Clock Back Error?
Shame on you! You are getting this error because you have finished your 30-day trial period and attempted to change the system clock back in order to keep using the software for free! The software has caught you playing with the system clock. In order to continue, you will need to purchase a permanent license from us, and at that time, we will provide you a Fix-Clock license key to take care of the problem plus unlock the software permanently.

3. Will Real Options SLS work on international computers?
Yes it will, on one condition, that you set the regional settings to English (USA). To do this, first exit Excel and go to START, CONTROL PANEL, REGIONAL AND LANGUAGE OPTIONS, and select ENGLISH (UNITED STATES) and restart Real Options SLS. The results will now be valid and accurate.


OUR RETURN POLICY     (Top)


1. What is your return policy on software?
We have a typical software return policy where once opened, it cannot be returned. For instance, if you purchase an off-the-shelf software at CompUSA, Fry's, Best Buy, and so forth, once you open the software box, it is not returnable. The reason is that there is no guarantee that you have not already installed the software or made illegal copies of the software prior to returning. So, to reduce such risks, we highly suggest that you download the TRIAL VERSIONS of our software, test it to your heart's content, and then make the final decision to purchase. We are not responsible if you decide not to test the trial version first (for applicability, installation, compatibility, and other evaluation issues). Also, for Risk Simulator, you have to first install the software and have it functioning before you can install the license anyway (that is, you would first need to successfully install and run the software before you can send us your Hardware ID, and for us to send you a permanent license), so, there is no excuse that the software does not work as you have 30 days to test drive it. So the short answer is, once you get the permanent license, the software is not returnable, similar to it being already opened and out of the box and all sales are final.

2. What is your return policy on Training DVD?
The same no return policy applies to Training DVDs as with the software (see Item 1 above). That is, once knowledge has been imparted, you cannot return learned knowledge. So, all sales are final. However, we will be glad to exchange or replace any defective parts in the Training DVD set. Again, you may view our sample getting started videos to make a decision if you wish to obtain the Training DVDs.

 
4101-F Dublin Blvd., Suite 425, Dublin, California 94568  Tel: +1.925.271.4438
e-mail : admin@realoptionsvaluation.com

© Copyrights 2005-2009 by Real Options Valuation, Inc. All Rights Reserved.

® Real Options Valuation, Risk Simulator, Real Options SLS, ESO Toolkit, ROV Extractor, ROV Evaluator, ROV Dashboard, ROV Compiler, ROV BizStats, ROV Basel II Modeling Toolkit, Integrated Risk Management, and Strategic Risk Intelligence are all registered trademarks of Real Options Valuation, Inc. All rights reserved.

Some elements of our software are Patent Pending (2009).