Get an AnswerExplain the concept of risk analysis and how Monte Carlo simulation can provide useful information for making decisionsSmart Writing ServicesOctober 25, 2017 7:43 amOctober 25, 2017Previous ArticleExplain basic spreadsheet approaches for implementing decision models in ExcelNext ArticleSummarize the modeling and analysis using Solver tool available in Excel and what information it provides. You need to discuss the steps to run optimization using Solver in excel and produce optimization output and sensitivity reports