Top MBA Schools Nationwide
Palisade's DecisionTools Suite—the complete risk and decision analysis package for Excel—has been adopted by top MBA schools around the country. Four leading management science textbooks from Duxbury Press—Practical Management Science, Making Hard Decisions with DecisionTools, and Data Analysis & Decision Making— incorporate extensive examples, case studies, and exercises using the tools in the DecisionTools Suite.
As a result, the DecisionTools Suite is currently being taught at such prominent institutions as the University of Pennsylvania, Cornell University, Northwestern University, Yale University, Columbia University, the University of Michigan, the Massachusetts Institute of Technology, and dozens of others.
Download DecisionTools Suite Industrial, Textbook Edition. The complete risk and decision analysis toolkit for Microsoft Excel. Includes a full complement of analytical software tools working together to help you make better decisions. To check your sub-version of @RISK for Project within 4.1.4, navigate to the Palisade installation folder, then to subfolder RISKPJ41, and double-click the Version History file. Office 365 Excel (except pre-release and 'Office Insider' builds) (1) (1) Excel 2019 (1) (1) Excel 2016; Excel 2013 32- or 64-bit; Excel 2010 64-bit.
With greater business and industrial reliance on quantitative methods to assess risk and analyze decision processes, most students in business courses are expected to master these techniques. About 40,000 MBA students currently use the DecisionTools Suite in conjunction with the Duxbury Press textbooks. Widespread adoption of the Suite is expected to accelerate the growing trends toward using techniques like Monte Carlo simulation and decision trees throughout corporate America.
According to Curt Hinrichs, Publisher of management science and applied statistics texts at Duxbury Press, 'The DecisionTools Suite adds a level of functionality and learning that take the concepts presented in the books to a new level. Several of these books have been tried and true references in graduate business curricula for years. By giving today's students the opportunity to work through real-life examples using the analytical techniques DecisionTools offers, we have opened up a whole new level of risk and decision analysis that will make the next generation of business leaders more savvy than ever before.'
The DecisionTools Suite Includes
Risk Analysis using Monte Carlo simulation: @RISK. Monte Carlo simulation is the most widely used computational technique to simulate processes in which there is uncertainty—in other words in almost any everyday decision. When it comes to Monte Carlo simulation software, @RISK has become the gold standard for its flexibility of application and capacity to handle complex inputs and large data sets. Includes built-in distribution fitting tools.
Decision Analysis with Decision Trees and Influence Diagrams: PrecisionTree®. PrecisionTree creates influence diagrams and decision trees in existing spreadsheets. Influence diagrams are used to see the relationships among components of a problem, and decision trees make use of this information to model a sequence of events. PrecisionTree generates a full statistical report and risk profile graphs and includes Sensitivity Analysis and other features.
Automated 'What If' Sensitivity Analysis: TopRank®. For any spreadsheet TopRank automatically determines which cells affect simulation results the most and ranks them in order of importance. Results can be displayed as Tornado graphs and in a full statistical report. Advanced features include a What-if Wizard, Multi-Way What-if Analysis, and support for data tables.
Predictive Analysis using Intelligent Neural Networks: NeuralTools®. NeuralTools performs predictions in Microsoft Excel using sophisticated neural networks. NeuralTools imitates brain functions to “learn” patterns in your known data, and uses those patterns to make predictions from new, incomplete data. In addition, NeuralTools can automatically update predictions live when input data changes, saving time and enabling more robust analyses.
Time-Series Forecasting and Advanced Statistical Analysis: StatTools®. StatTools performs time-series forecasting and statistical analysis in Microsoft Excel. It actually 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 you own custom statistical procedures for inclusion on the StatTools menu.
Genetic Algorithm-based Optimization: Evolver™. Evolver performs genetic algorithm-based optimization in Microsoft Excel. It is especially well-suited to finding the best overall global solution to nonlinear, complex problems where other solvers fail. Evolver’s genetic algorithms constantly try new, different solutions to arrive at the best answer possible.
Optimization under Uncertainty: RISKOptimizer®. RISKOptimizer combines optimization with Monte Carlo simulation to solve optimization problems under uncertainty. Take any optimization problem and replace uncertain values with @RISK functions that represent ranges of possible values. RISKOptimizer will try 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.
Other colleges and universities using the DecisionTools Suite include:
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»The DecisionTools Suite
From the financial to the scientific, anyone who faces uncertainty in their quantitative analyses can benefit from @RISK. @RISK helps both Fortune 100 companies and private consultancies paint a realistic picture of possible scenarios. This allows businesses to not only buffer risks, but also identify and exploit opportunities for growth.
Your Spreadsheet
Have you ever been faced with a complex, multi-stage decision like what is the best strategy for testing and drilling for oil, or should we build a new plant or buy an existing one? What about bidding on a new project – what should you bid, and how should you react to your opponent’s bid? Or perhaps you are faced with determining the best litigation strategy is in a legal dispute, or the best series of medical tests and procedures to maximize a patient’s chance of recovery?
PrecisionTree helps you tackle these types of complex, sequential decisions. With PrecisionTree, you can visually map out, organize, and analyze decisions using decision trees, right in Microsoft Excel. Decision trees are quantitative diagrams with nodes and branches representing different possible decision paths and chance events. This helps you identify and calculate the value of all possible alternatives, so you can choose the best option with confidence.
Have you ever been faced with a large, complex spreadsheet model and been tasked with determining what the most important factors are? What if you need to determine how sensitive your profits are to particular variables, such as material costs or market share? Or perhaps you want to run a risk analysis in @RISK, but don’t know which variables are important enough to add distribution functions to.
Included with the DecisionTools Suite, TopRank performs automated “what if” sensitivity analysis on Microsoft Excel spreadsheets to answer these questions. Define any output or “bottom line” cell or cells, and TopRank will automatically find and vary all input cells which affect your output. You can also control exactly which cells you’d like to analyze. The end result is easy-to-understand tornado charts, spider graphs, and other reports which clearly identify and rank which affect your bottom line the most.
Have you ever needed forecasting, regression, quality control charts, or other statistical analyses beyond the basics that are provided with Excel? Have you ever doubted the accuracy of some of Excel’s statistical results? StatTools addresses both of these issues, providing a new, powerful statistics toolset to Excel.
StatTools covers the most commonly used statistical procedures, and offers unprecedented capabilities for adding new, custom analyses. StatTools replaces Excel’s built-in statistics functions with its own calculations. The accuracy of Excel’s built-in statistics calculations has often been questioned, so StatTools doesn’t use them. All StatTools functions are true Excel functions, and behave exactly as native Excel functions do. Over 30 wide-ranging statistical procedures plus 9 built-in data utilities include forecasts, time series, descriptive statistics, normality tests, group comparisons, correlation, regression analysis, quality control, nonparametric tests, and more.
AND MUCH MORE!
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