DecisionTools Suite | Risk and Decision Analysis in Excel (original) (raw)
Greater than the Sum of Its Parts
Customer Success Stories with DecisionTools Suite
Learn how DecisionTools Suite has helped decision makers to improve risk and decision analysis efforts.
How DecisionTools Suite Is Used
DecisionTools Suite enables endless applications, including these in:
Investment Planning & Portfolio Optimization Simulate multiple portfolio assets (such as stocks, bonds, real estate, or projects) to maximize return while minimizing risk. Calculate Value-at-Risk, or the probability of different losses on a portfolio.
Oil, Gas, & Mineral Reserves Map out sequential, probabilistic exploration plans of prospective sites containing oil, natural gas, or other minerals. Estimate uncertain reserves to make wise drilling decisions.
Supply Chain Management Optimize multiple suppliers to minimize failure points and maximize probability of deliveries. Identify high-risk areas in the supply chain to create mitigation strategies.
Cost Estimation Get an accurate, probabilistic estimate of materials and labor costs throughout the entire project. Understand the likelihood of going over budget under a variety of scenarios.
Engineering Reliability Gain insight into the factors driving variance and inconsistencies to ensure quality.
@RISK - Model Risks, Uncover Opportunities
@RISK performs risk analysis using Monte Carlo simulation to show you many possible outcomes in your Microsoft Excel spreadsheet — and how likely they are to occur. This means you can judge which risks to take and which to avoid.
PrecisionTree - Visualize Different Outcomes
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 - Identify Critical Factors
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 - Leverage Data for Forecasting
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 but also allows you to build custom statistical procedures.
NeuralTools - Make Intelligent Predictions
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 when input data changes, saving time and enabling more robust analyses.
Evolver - Solve Complex Allocation Problems
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 - Optimization with Monte Carlo Simulation
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 representing ranges of possible values. RISKOptimizer tries different combinations of adjustable cells to achieve your goal while running Monte Carlo simulations on each trial solution to account for inherent uncertainty. The result is the most robust, accurate solution possible.
ScheduleRiskAnalysis - Manage Uncertainty in Project Schedules
ScheduleRiskAnalysis analyzes schedule risk using Monte Carlo simulation with @RISK. This means SRA shows you virtually all possible outcomes in your schedule – and tells you how likely each is to occur. SRA helps you judge which risks to take, and which ones to avoid. SRA also ranks your risks, enabling you to identify the variables which impact your schedule the most.
Lumivero has the most complete collection of research, data and decision-making tools available anywhere, and we can help your whole team work better together — collaborating to aggregate, organize, analyze, and present your findings.
Lumivero’s enterprise licensing options offer volume pricing for teams and organizations needing nine (9) or more licenses.
Enterprise licenses allow the flexibility to install Lumivero software and solutions on multiple computers (up to the maximum number of licenses your organization has purchased) with a centralized management solution, putting you in control of your license management.
Lumivero’s team-based solutions allow you to:
Stay up-to-date with free upgrades to the latest releases
Reduce IT costs with one platform deployed across your organization
Reassign licenses to different users as teams evolve
Centralize license and subscription management in one place
Streamline budget allocation, especially for smaller groups and consultancy firms
Enjoy a Dedicated Customer Success Manager and pro-rated rates for new users
Transform Your Decision Making with DecisionTools Suite
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