Using the Interactive Financial Planning System (IFPS) for Stochastic Simulation

Article Abstract:

In recent years, many financial planning languages have been developed that contain capabilities for fixed-time interval simulation. These languages differ from ordinary programming languages and from existing simulation languages in that they are much more English-like, produce spread sheet output, and have built-in WHAT IF and other capabilites for sensitivity analysis. These languages are simple, easy to learn, and easy to use to communicate with other professionals and with managers. This paper describes the capabilities of one of these languages, the Interactive Financial Planning System (IFPS), for simulation. These capabilities include, among others, the means for generating probability distributions and scenarios, providing statistical outputs as a function of time, and graphical presentations of output distributions. Typical models written in this language are used for illustration. (Reprinted by Permission of Publisher.)

Simulation, Stochastic Model, Simulation Theory, Risk Analysis

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On the Equivalence of DYNAMO and a Financial Planning Language

Article Abstract:

DYNAMO has had a long history as a simulation language. Although usually thought of as a continuous language, it is, in fact, a non-procedural, fixed-time interval language. Non-procedural financial planning languages, such as the Interactive Financial Planning System (IFPS), are equivalent to DYNAMO, but IFPS is preferred because of the greater ease with which models can be described to managers and it has the ability to model a greater variety of situations quite simply. (Reprinted by Permission of Publisher.)

Comparison, Nonprocedural Languages

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Harris Adds IFPS Software for Financial Modeling

Article Abstract:

Under the terms of an agreement with Execucom Systems Corp., Harris Corp. will market and support IFPS (Interactive Financial Planning System) decision support software. The IFPS family includes IFPS-GRAPHIC, IFPS-SENTRY and IFPS-DATASPAN. All products are offered on a timesharing basis.

Software industry, Contracts, Harris Corp., Decision support systems, Software Packages, Decision Support Software, Manufacturers, Computer Software Industry, Distribution Agreements, Execucom Systems Corp.

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