Decision Analysis Software Survey
Table 13
| Product | Describe specific applications in which the product is more widely used | List any awards or recognition this product has received | Comments/description |
| @RISK | VAR and NPV evaluations, Schedule Risk, Cost Estimation, Project Management, Reserves Estimation, Supply Chain Management. | @RISK uses Monte Carlo simulation to show you many possible outcomes in your spreadsheet modelóand tells you how likely they are to occur. | |
| 1000Minds | Patient prioritization, social services targeting, business consulting, project portfolio management, conjoint analysis | Consensus Software, Health Innovation, Education Innovation, Bayer Innovators, Westpac Business Excellence, Global Entrepolis | 1000Minds is a suite of online tools for prioritization, group decision-making, conjoint analysis and maximizing value for money. Free trial. |
| Analytic Solver Platform for Excel | Heavily used in MBA education | Comprehensive analytics in Excel, including decision analysis, simulation/risk analysis, optimization, forecasting, data mining and text mining. | |
| Analytica | Practical online decision support tools, risk analysis, optimization multi-stakeholder, multi-attribute DA. | An Analytica-based project (decommissioning oil rigs) received the 2014 Decision Analysis Practice award from DA Society | Analytica provides key DA tools, esp. influence diagrams, to analysts who may not be DA experts and who find spreadsheets inadequate |
| AnalyticSolver.com | Too new to cite. | Comprehensive cloud-based analytics, includes decision analysis, simulation/risk analysis, optimization, forecasting, data mining and text mining | |
| ChemDecide | route selection, chemical storage, equipment selection and sourcing decisions | ||
| D-Sight CDM | D-Sight CDM is easily set up by the customer themselves and is used throughout a variety of decision-making contexts. | ||
| DEA SolverPro | Public sectors, hospitals, banking, retail, manufacturing, service industries | 1000+ users worldwide; desktop, floating, network and classroom licenses available | |
| DecideIT | ICT for development, health policy | Implements the Delta decision library for decision evaluation with imprecise information, such as interval-values and rank statements. | |
| Decision Explorer | Strategy Development, Conflict resolution, Stakeholder analysis, Scenario building | ||
| Decision Quality Desktop (including DTrio and TreeTop) | Project development; project and company strategy; value of information; R&D; optimization; operational decisions | Microsoft Development Partner | Decision Quality Desktop includes DTrio for Decision Framing and TreeTop for Decision and Uncertainty Analysis |
| DiscoverSim | Quality, Design for Six Sigma, Risk and Project Management | Excel Add-In for Monte Carlo Simulation and Global Optimization with MIDACO Solver | |
| DPL | Capital investment strategy, project valuation, risk management, portfolio prioritization | DAS Practice Award | DPL is a proven tool for decision analysis, risk analysis, real option valuation and Monte Carlo simulation. |
| Equity3 | R&D investment prioritization, strategy planning, resource allocation, zero-based budgeting and business prioritization. | MCDA portfolio modelling tool for helping you construct your most efficient portfolio of investments. Ideal for group workshops. | |
| FOCUS | Strategic Planning, Business Prioritisation, Balance of Investment | ||
| GoldSim | Mine water balance, water resources, radioactive waste management, engineering risk analysis | ||
| Hiview3 | Capital Projects, Policy Setting, Strategy Selection, Relocation Issues, Problem Solving and Budget Resourcing. | MCDA option appraisal and evaluation of options. Highly configurable for a host of applications. Ideal for group workshops. | |
| Intelligent Decision System (IDS) | Risk and safety assessment and management | Evidential Reasoning extends Bayesian reasoning for handling imprecise probabilities and evidence which may not be fully reliable. | |
| Logical Decisions v7.2 | Analysis of Alternatives, MODA, Portfolio Analysis | Logical DecisionsÆ, Version 7.2 helps evaluate choices requiring critical preference and value judgments. | |
| MeenyMo | Personal and consumer decision-making, product selection. | MeenyMo is focused on personal decision-making. Ease of use is given priority over academic analysis, with templates to help people get started. | |
| SensIt | Sensitivity analysis of a spreadsheet model to create spider and tornado charts | Sensitivity analysis add-in for Microsoft Excel (Windows and Macintosh) | |
| SilverDecisions | General support of decision process | Free Open Source product available with complete source code free for any commercial application | |
| SimVoi | Monte Carlo simulation of spreadsheet planning models and automatic estimation of value of information | Monte Carlo simulation add-in for Microsoft Excel (Windows and Macintosh) | |
| SLIM | Logistics and supply chain optimisation | ||
| Smart Decisions | Evaluation and Project Portfolios | Best in class features for MCDA software. | |
| Smart-Swaps | Multiple criteria evaluation of a set of alternatives | ||
| The DecisionTools Suite | VAR and NPV evaluations, Schedule Risk, Cost Estimation, Project Management, Reserves Estimation, Supply Chain Management. | The DecisionTools Suite is an integrated set of programs for risk analysis and decision making under uncertainty that runs in Microsoft Excel. | |
| TransparentChoice | Prioritization (of project, product features, R&D initiatives), policy selection (gov't), procurement, site selection, etc. | Easy to use, yet powerful AHP-based collaborative online software. | |
| TreePlan | Analysis of sequential decision problems under uncertainty | Featured in and included with sixty textbooks | Decision tree add-in for Microsoft Excel (Windows and Macintosh) |
| Web-HIPRE | Evaluation of discrete choice alternatives, multiple stakeholders, academic courses on decision analysis | MCDA software with several MAVT weighting techniques and AHP. Web browser interface. Aggregation of models into a group model |
Decision Analysis Software Survey Pages:
Introduction | Page 1 | Page 2 | Page 3 | Page 4 | Page 5 | Page 6 | Page 7 | Page 8| Page 9 | Page 10 | Page 11 | Page 12 | Page 13 | Vendor List | Accompanying Article