OR/MS Today, December 2006
Decision Analysis Software Survey
Table 11
|
Product |
Specific applications for which software is most widely used? |
Comments |
| 1000Minds | Prioritizing patients for health care. Selecting students for scholarships & courses. Ranking grant funding applications. | Individual users or groups can create their own Decision Models (based on their own expertise) or work from existing Models. |
| AgenaRisk | Bayesian inference, Hypothesis testing, Statistical parameter learning, Conditional probability, Decision support | Predictive inference for risk/decision apps. Diagnostic inference for AI apps. Expert judgement using subjective probability. |
| Analytica 3.1 | Business modeling, financial analyis, risk analysis, R&D project evaluation, portfolio management, and more. | Visual environment for building, analyzing, distributing models. Hierarchical influence diagrams, efficient Monte Carlo. |
| Crystal Ball Premium Edition | Financial analysis, project management, portfolio allocation, valuation, business case analysis, demand forecasting . . . | Crystal Ball transforms spreadsheets into dynamic models that solve almost any problem with uncertainty, variability, risk. |
| Crystal Ball Professional Edition | Financial analysis, project management, portfolio allocation, valuation, business case analysis, demand forecasting . . . | Crystal Ball transforms spreadsheets into dynamic models that solve almost any problem with uncertainty, variability, risk. |
| Crystal Ball Standard Edition | Financial analysis, project management, portfolio allocation, valuation, business case analysis, demand forecasting . . . | Crystal Ball transforms spreadsheets into dynamic models that solve almost any problem with uncertainty, variability, risk. |
| DEA SolverPro 5.0 | Evaluation of bank branchs, hospital performance comparison | DEA SolverPro is widely used all over the world. With popular demands on additional features, version 5.0 is now available. |
| DecideIT | ||
| Decision Explorer | Strategy development, stakeholder analysis, project definition, competitor analysis, risk definition/management | Software for analyzing qualitative data. Build, navigate & analyze causal maps of complex issues. Map causes & consequences. |
| Doctus KBS | Investment decisions, outsourcing, supplier evaluation, R&D project evaluation, performance management, tendering. | Based on symbolic logic using "if... then" rules. Decision delegation is supported by reducing the number of attributes. |
| DPL | Decision analysis, risk analysis, prioritization, resource allocation, capital budgeting, valuation | DPL combines decision trees, influence diagrams and Excel spreadsheets into a rich environment for managing uncertainty. |
| Equity3 | Portfolio analysis, Budget prioritization, Requirements analysis, Business Case Development, Benefit trade off | Equity is an MCDA tool for the PC that assists individual decision makers and organizations. |
| ForeTell-DSS | Critical decision support such as competitive strategy, portfolio mgmt, change mgmt, risk mitigation / preparedness | ForeTell combines scenario-based (OO) models with dynamic, adaptive behavioral "what-if simulations to test drive decisions |
| Frontier Analyst® | Performance measurement and benchmarking for improved resource allocation and process improvement. | Performs efficiency analysis based on comparisons between similar business units. Provides graphical and numerical output. |
| GoldSim | Radioactive waste management, water resource management, mining engineering, mission risk and reliability | A dynamic probabilistic simulator; represents discrete and continuous dynamics; powerful Monte Carlo engine |
| HiPriority | Budget/Resource allocation, Project Prioritization, Consortium/Machine/Process Design, Decommissioning/Portfolio Analyses | Efficient Frontier & Pareto curves as you have never seen them. All the extra features you can imagine and more besides |
| Hiview3 | Capital Projects, Policy Setting, Strategy Selection, Product Specification, Relocation Issues and Budget Resourcing | Hiview3 is equally effective for group decision making, such as decision conferences and for individual decisions. |
| IDS Multicriteria Assessor | Customer Key Voice Identification, Safety and Risk Assessment, Business Performance Assessment and Improvement | Various types of uncertainties are handled in one model. Their combined effects can be displayed graphically. Auto reporting. |
| Impact Explorer™ | Risk analysis, option prioritisation, policy setting, human resources/ training applications, resource allocation. | Audience participation system allowing voting, ranking, matrix assessment, multiple choice Q&A. Uses handheld keypads. |
| InSight | Understanding of MCDA using wizards to help with criteria, scoring, weighting and viewing results | Web based value table for small choice problems. Strong teaching element, creating OnBalance/Excel files for richer analysis. |
| Joint Gains | Multiple stake holder negotiations | Multiattribute negotiation support Web software based on the Method of Improving Directions. |
| Logical Deciions 5.1 | Alternatives evaluation, design analysis, siting, investment opportunities | For choices with many criteria and value judgments, LDW's features and displays make it the most powerful software available |
| Logical Decisions Portfolio | Budget allocation, Resource allocation, R&D Selection, Planning | Find true optimal solutions to budget allocation problems with complex constraints using this easy to use, Excel-based tool. |
| Netica | Diagnosis, prediction, learning from data, decision analysis, automated decision making | World's most widely use Bayesian network development system. |
| NoRegrets | Negotiation analysis, win-win positions, mediations, teaching | Helps define total expected value for each stage of bidding. Explore actors' value systems and search for Win-Win options. |
| OnBalance | Evaluation of New Products, Strategies, Personnel, Prototypes, Processes, Suppliers, Relocation, BEPO studies, Optioneering | Lifting the lid on classic MCDA values trees, with rich coherent features all delivered in a visual interface for group work. |
| OnRequest | Any MCDA/Risk. Tailor processes to ensure corporate standards. Link to corporate/planning DBs, PDAs, Intranets | Allow corporates to integrate with systems or consultants to brand their offering and make a real difference to their clients. |
| Opinions-Online | Course evaluation, participatory policy analysis, voting | Platform for group collaboration with interactive generation of polls, surveys, voting and multiattribute rating. |
| PEERForecaster | Forecasting | |
| QMS - Quantitative Methods Software | Decision analysis instruction | Browser based interface. Can be licensed on a subscription basis as an Internet application, or may be purchased on CD. |
| RICH Decisions | This software supports the use of the RICH method for elicitation of incomplete ordinal information about attribute weights. | |
| RiskSim | Finance, capital budgeting, consulting; Monte Carlo simulation of spreadsheet models | RiskSim is a Monte Carlo simulation add-in for Microsoft Excel 97 and later for Windows and Macintosh. |
| RoadMap Analyzer | Strategic Planning, Risk Management, New Product Forecasting, Portfolio Analysis, Game Theory | Excel-based package for Monte Carlo Simulation, Promotion Optimization, Game Theory, New Product Launches. |
| RPM-Decisions | Product portfolio analysis, road asset management, multi-criteria screening | Software for robust multi-criteria project portfolio analysis and selection under incomplete information. |
| SensIt | Finance, captital budgeting, consulting; sensitivity analysis of spreadsheet what-if models | SensIt is a sensitivity analysis add-in (tornado & spider charts) for Microsoft Excel 97 and later for Windows and Macintosh. |
| Smart-Swaps | Multiple criteria evaluation of a set of alternatives | Support for the Even Swaps process: finding of dominated alternatives, suggestions for next swaps, backtracking of swaps. |
| TreeAge Pro Suite (Excel, Healthcare) | Cost-effectiveness analysis of healthcare/treatment options, portfolio management, litigation risk analysis | TreeAge Pro models can be customized/distributed over the internet using TreeAge Pro Interactive. Remote user access. |
| TreePlan | Pharmaceutical, energy, consulting; sequential decision problems under uncertainty | TreePlan is a decision tree add-in for Microsoft Excel 97 and later for Windows and Macintosh. |
| Vanguard System | Forecasting, Monte Carlo Simulation, Risk Analysis, Optimization, Decision Tree Analysis, and Expert Systems | The Vanguard System is a new generation of enterprise decision analysis tool for knowledge capture and collaborative modeling. |
| 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. |
| WINPRE | Evaluation of discrete choice alternatives under incomplete information | Value tree and AHP modeling with incomplete interval type preference statements (preference programming). |
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 | Vendor List |Accompanying Article
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