DecisionTools
No matter what industry you’re in, the DecisionTools Suite can help you make decisions with confidence. Take guesswork out of big decisions, and plan strategies with confidence. With the DecisionTools Suite, you can assess risk and optimize decisions – right in your Excel spreadsheet.
Overview
The DecisionTools Suite is an integrated set of programs for risk analysis and decision making under uncertainty. DecisionTools Suite software integrates seamlessly with Microsoft Excel, and includes:
- @RISK for Monte Carlo simulation
- PrecisionTree for decision trees
- TopRank for “what if” sensitivity analysis
- BigPicture for mind mapping & data exploration
- StatTools for statistical analysis & forecasting
- NeuralTools for predictive neural networks
- Evolver for sophisticated optimization
- RISKOptimizer for Monte Carlo simulation & optimization
Product Resources
Explore examples and tutorials on how to make The DecisionTools Suite work best for you.
Intro to Risk & Decision Analysis with the Suite
Watch Webinar
Example Model: Competitor Entry
Watch Video
Cost Estimation
Watch Webinar
Palisade Brochure
View
How The DecisionTools Suite Is Used
The DecisionTools Suite enables endless applications, including these in :
- Cash Flow & Financial Analysis
- Multi-stage Decision Modeling
- Portfolio Optimization & Resource Allocation
- Enterprise Risk Management
Features
Learn More About Each Product in the Suite
Each component of the DecisionTools Suite performs powerful analyses.
When you combine products, you can achieve more complete results than any single program can provide.
Select a product to get more information.
@RISK
@RISK performs risk analysis using Monte Carlo simulation to show you many possible outcomes in your Microsoft Excel or Microsoft Project spreadsheet—and how likely they are to occur. This means you can judge which risks to take and which ones to avoid.
PrecisionTree
PrecisionTree performs decision analysis in Microsoft Excel using decision trees and influence diagrams. Decision trees let you visually map out complex decisions in a sequential, organized manner. This helps you identify all possible alternatives and choose the best option.
TopRank
TopRank performs automated “what if” sensitivity analysis on Microsoft Excel spreadsheets. Define any output or “bottom line” cell or cells, and TopRank will automatically find and vary all input cells which affect your output. This allows you to identify and rank all input factors which affect your bottom line.
StatTools
StatTools performs forecasting and statistical analysis in Microsoft Excel. It replaces Excel’s built-in statistics functions with its own, more robust and accurate functions. StatTools covers the most common statistical analyses, and even allows you to build your own custom statistical procedures.
NeuralTools
NeuralTools performs predictions in Microsoft Excel using sophisticated neural networks. NeuralTools imitates brain functions to “learn” patterns in your known data, using those patterns to make predictions from new, incomplete data. NeuralTools can automatically update predictions live when input data changes, saving time and enabling more robust analyses.
Evolver
Evolver performs optimization in Microsoft Excel using genetic algorithms, linear programming, or the OptQuest solving methods. It finds the best solution to linear problems large and small, and gives the best overall global solution to nonlinear, complex problems where other solvers fail. Evolver constantly tries new, different solutions to arrive at the best answer possible.
RISKOptimizer
RISKOptimizer uses genetic algorithms or OptQuest methods, along with Monte Carlo simulation, to solve optimization problems. Take any optimization problem and replace uncertain values with @RISK functions that represent ranges of possible values. RISKOptimizer tries different combinations of adjustable cells to achieve the goal you define, while running Monte Carlo simulations on each trial solution to account for inherent uncertainty. The result is the most robust, accurate solution possible.
BigPicture
BigPicture is a mind mapping and chart generation add-in for Microscoft Excel. It allows you to create mind maps to organize thoughts and ideas, or create dynamic maps from any type of spreadsheet data.
