Armed with that kind of information, you could take a lot of guesswork out of big decisions and plan strategies with confidence. How about the best sequential drilling strategy? Or how much to invest in various projects in order to maximize the return on your project portfolio? Everyone would like answers to these types of questions. Wouldn’t you like to know the chances of making money on your next venture? Or which of many decision options is most likely to yield the best payoff?
The McCombs School of Business has negotiated a number of licenses for student use. It is a commercial product from Palisade Corporation. It includes StatTools, PrecisionTree, TopRank and other Excel add ins. In addition, the DecisionTools Suite comes with StatTools for statistical analysis and forecasting, NeuralTools for predictive neural networks, and Evolver and RISKOptimizer for optimization.ĭecision Tools is a set of Microsoft excel add-ins for risk and decision analysis. The DecisionTools Suite includes for Monte Carlo simulation, PrecisionTree for decision trees, and TopRank for “what if” sensitivity analysis.
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