Evaluating bids

Converting Monte Carlo Profitability Analysis System to Web/App Application

Published on the November 08, 2024 in IT & Programming

About this project

Open

The purpose of this project is to convert an existing Monte Carlo simulation system for profitability analysis, which is currently built using a macro in Excel, into a web or mobile application. The goal is to provide users with an intuitive and scalable tool for running profitability simulations, analyzing risk, and making data-driven decisions.

1. Review & Analysis of Existing Excel System:
- Examine existing system:
  Analyze the Excel-based Monte Carlo model, including the simulation logic, input variables, formulas, data outputs, and user interface (UI).
- Identify key features:
  Ensure all relevant features from the Excel tool (e.g., Input configurations, profitability parameters, risk factors) are incorporated into the web or mobile application.

2. Design & Development of the Web/App Application:
- Platform Selection:
  Web Application: Develop a responsive web application that works across desktops and tablets using technologies such as React.js, Angular, or Vue.js for the frontend, and Node.js, Python (Flask/Django) for the backend.
- Mobile Application:
  If a mobile app is required, we can develop cross-platform solutions using React Native or Flutter for both iOS and Android, or develop separate native apps for each platform.

3. Monte Carlo Simulation Integration:
- Replicate simulation logic:
  Port the Monte Carlo simulation logic (random number generation, statistical analysis) from Excel into a backend language (e.g., Python, JavaScript).
- Risk & Profitability Models:
  Ensure that the underlying profitability model (revenue, costs, margins, etc.) Is accurately represented in the application, including risk factors and stochastic variables.

4. User Interface & Experience (ui/ux):
- intuitive input:
  develop easy-to-use forms for users to input variables such as costs, revenue projections, volatility, and other parameters.
- Dynamic Results Visualization:
  Present simulation results through interactive charts, graphs, and tables that update in real-time, using libraries such as D3.js, Chart.js, or Plotly.
- Scenario Analysis:
  Allow users to run multiple simulations with different input scenarios to compare profitability outcomes and assess risk.

5. Data Export & Reporting:
- Export Results:
  Implement functionality for users to export simulation results to formats like csv or pdf for reporting and further analysis.
- Scenario Comparison:
  Enable users to save and compare results from multiple scenarios.

Project overview

The client will provide the necessary Excel model and any additional inputs for the Monte Carlo simulation. The application will support multiple users, with potential for future scaling. Post-launch support can be customized based on ongoing user needs or updates.

Category IT & Programming
Subcategory Web development
What is the scope of the project? Medium-sized change
Is this a project or a position? Project
I currently have I have specifications
Required availability As needed
Roles needed Developer

Delivery term: December 20, 2024

Skills needed