GoldSim Technology Group
GoldSim is the premier Monte Carlo simulation software solution for dynamically modeling complex systems in engineering, science and business. GoldSim supports decision-making and risk analysis by simulating future performance while quantitatively representing the uncertainty and risks inherent in all complex systems. Organizations worldwide use GoldSim simulation software to evaluate and compare alternative designs, plans and policies in order to minimize risks and make better decisions in an uncertain world. GoldSim is used by over 600 commercial and government organizations in nearly 60 countries worldwide.
GoldSim technology can be traced back to 1990, when a group of engineers at Golder Associates, an international group of engineering consulting firms, was asked by the United States Department of Energy to develop probabilistic simulation software that could be used to help with decision support and management within the Office of Civilian Radioactive Waste Management, the organization responsible for the safe disposal of the nation's nuclear wastes.
Although these precursors to GoldSim were powerful simulators, the user interface tended to be complex and presentation capabilities were limited. To address these limitations, design of a graphical, Windows-based version of RIP and STRIP began in 1996. This effort, funded by Golder Associates, the US Department of Energy, the Japanese government (JNC), and the Spanish government (ENRESA) produced GoldSim. GoldSim was first released in 1999.
After GoldSim was released in 1999, it was used as a proprietary tool by Golder Associates and was generally provided only to our clients. In April of 2002, Golder Associates began licensing GoldSim to others as a stand-alone software product.
In order to provide the flexibility required to continue to grow the business into new arenas and better service our growing list of customers and clients, the GoldSim development team purchased the software from Golder Associates and established a new, independent company, GoldSim Technology Group LLC (GTG), on February 1, 2004. (The detailed history of GoldSim through the founding of GTG in 2004 is discussed in this blog post).
Since the founding of GTG, the user-base has grown rapidly, and there are currently over 600 organizations and thousands of users in over 50 countries around the world. The software is very actively developed, and continues to evolve in response to customer's needs.