Overview
You make difficult decisions every day-decisions based on a thorough analysis of the alternatives and the available data. But what if the alternatives are uncertain and ill-defined? Or the data is sketchy or doesn't exist? Every day analysts, engineers, and managers around the world rely on the DecisionTools® Suite to help them solve problems, uncover opportunities, and make better decisions.
All-New DecisionTools Suite 5.5
The DecisionTools Suite is an integrated set of risk and decision analysis programs that run in Microsoft Excel. The new DecisionTools Suite 5.5 includes @RISK 5.5 as well as PrecisionTree and TopRank. In addition, the Suite has been expanded to add StatTools, NeuralTools, and Evolver for prediction, data analysis and optimisation. All programs have been rewritten to work together better than ever before. They include:
@RISK 5.5 for risk analysis using Monte Carlo simulation
@RISK performs risk analysis using Monte Carlo simulation to show you many possible outcomes in your Microsoft Excel spreadsheet, and tells you how likely they are to occur. This means you can judge which risks to take and which ones to avoid.
Each component of the DecisionTools Suite can perform a powerful analysis. When you combine these products, you can achieve more complete results than any single program can provide.
- @RISK and TopRank - The focus of an @RISK analysis can be narrowed using TopRank. Especially with large models, this saves time and improves accuracy of your @RISK analysis. @RISK functions can also be used by TopRank to represent a wider range of values than TopRank's standard functions.
- @RISK and PrecisionTree - In addition, @RISK can be combined with PrecisionTree to represent uncertain chance events and payoffs in decision tree models. This enhances the accuracy of decision tree models by considering wider ranges of values for chance events instead of a few limited, discrete options.
- RISK then StatTools - @RISK results can be run through a StatTools analysis to assess confidence intervals. @RISK can also be applied to results from a StatTools time-series forecast to simulate possible outcomes with more precision.
DecisionTools Suite Industries & Applications
The DecisionTools Suite is used to analyse risk and uncertainty in a wide variety of industries. From the financial to the scientific, anyone who faces uncertainty in their quantitative analyses can benefit from The DecisionTools Suite. Industries using The DecsionTools Suite include:
- Finance and Securities - E.g. Retirement planning, currency valuation, real options analysis, discounted cash flow analysis, value-at-risk and portfolio optimisation
- Insurance / Reinsurance - E.g. Loss reserves estimation, premium pricing
- Manufacturing - E.g. Six Sigma & quality analysis, new product analysis, production siting, plant shutdown and product life cycle analysis
- Oil / Gas / Energy - E.g. Six Sigma & quality analysis, exploration and production, oil reserves estimation, capital project estimation, pricing and regulation compliance
- Pharmaceuticals / Medical / Healthcare - E.g. New product analysis, R&D estimation, disease infection estimation
- Environment - E.g. Endangered species preservation and pollution cleanup and projections
- Government and defense - E.g. Resource allocation, war games and welfare & budgetary projections
- Aerospace and Transportation - E.g. Cost estimating, highway planning & optimisation and supply chain distribution
Excel Ease of Use
The DecisionTools Suite integrates completely with your spreadsheet. Browse, define, analyse - while never leaving Excel. All DecisionTools Suite functions are true Excel functions, and behave exactly as native Excel functions do. Windows are all linked directly to cells in your spreadsheet, so changes in one place are carried out in the other. Graphs point to their cells via callout windows. Drag-and-drop ease, context-sensitive right-click menus, and intuitive toolbars make learning and navigating DecisionTools Suite a snap.
Two Editions to Meet Your Needs
| The DecisionToolsSuite Industrial | The DecisionToolsSuite Professional |
| @Risk (Industrial) | @Risk (Professional) |
| PrecisionTree (Industrial) | PrecisionTree (Professional) |
| TopRank (Industrial) | TopRank (Professional) |
| NeuralTools (Industrial) | NeuralTools (Professional) |
| StatTools (Industrial) | StatTools (Professional) |
| Evolver (Industrial) | Evolver (Professional) |
| RISKOptimizer |
DecisionTools Suite Features & Benefits
| Features | Benefits |
| See all possible outcomes with Monte Carlo simulation | Avoid pitfalls and identify opportunities in @RISK or PrecisionTree modelss |
| Map out decisions with decision trees and influence diagrams | Identify and illustrate the best alternative |
| Works in Excel | No need to learn new applications from scratch |
| Genetic algorithm optimisation | Solve complex, nonlinear problems involving uncertainty |
| Sensitivity or What-If Analysis | Identify the most important variables in @RISK or PrecisionTree models |
| Distribution viewing and fitting | Accurate description of uncertainty |
| Presentation-quality graphs and reports | Easily explain results and recommendations to others |
| Full integration between programs | Easily install and migrate between component tools; apply analyses from one tool to another tool's model for greater insight |
| Parallel processing | Speed up large Monte Carlo simulations by using available CPUs within a single machine |
| Bundle pricing | Save money compared to buying products separately |
100% Excel
@RISK simulations are calculated 100% within Excel, supported by Palisade sampling and statistics proven in over twenty years of use. Palisade does not attempt to rewrite Excel in an external recalculator to gain speed. A single recalculation from an unsupported or poorly reproduced macro or function can dramatically change your results. Where will it occur, and when? Palisade harnesses the power of multiple CPUs and multi-core processors to give you the fastest calculations. Correct results-and fast-using @RISK and the DecisionTools Suite!
COMPATIBILITY: DecisionTools Suite is compatible with Excel versions 2000 through 2007.