OR/MS Today, October 2008
Decision Analysis Software Survey
Table 12
|
Product |
Specific applications for which software is most widely used? |
Comments |
| 1000Minds | Prioritizing patients for health care, Health technology assessments, Funding allocation, Conjoint analysis, Environment | 1000Minds is decision-support software for use in prioritization, allocation, conjoint anaysis and general decision-making applications. |
| Analytica 4.1 | Business modeling, financial analysis, risk analysis, R&D project evaluation, portfolio management, environmental analysis. | Visual environment for building, analyzing, distributing models. Hierarchical influence diagrams, efficient Monte Carlo, intelligent arrays. |
| Crystal Ball Standard, Professional & Premium Editions | 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-Solver-Pro 6.0 | selection and ranking | — |
| Doctus KBS | supporting strategic decisions | this is a qualitative DSS based on symbolic artificial intelligence |
| DPL | Decision analysis, risk analysis, portfolio prioritization, strategy, capital budgeting, valuation | DPL combines decision trees, influence diagrams and Excel spreadsheets to provide an intuitive and comprehensive modeling environment |
| Equity3 | Portfolio analysis, budget prioritization, requirements analysis, business case development, benefit trade off | Equity3 is a MCDA tool that assists individual decision makers and organisations in obtaining value-for-money when allocating limited resources. |
| ForeTellÆ | Org. Change Management, Competitive Drug Marketing Strategy, Counter-Terrorism Preparedness, Dynamic Social Network Analysis | Will license Developer tools/training as well as run-time solutions. Also supports integration with Java-based GIS tools supported, |
| GoldSim | Water resource management; mine water management; risk analysis and strategic plannng for complex engineered systems | GoldSim is a general purpose graphical simulator with powerful features to support probabilstic simulation and risk analysis. |
| Hiview3 | Capital projects, policy setting, strategy selection, product specification, relocation issues and budget resourcing | Hiview3 is a MCDA tool supporting the appraisal and evaluation of options. Equally effective for group decision making and individual decisions. |
| Logical Decisions, version 6.1 | alternatives evaluation, portfolio selection, analysis of alternatives, site selection, systems evaluation, risk mitigation | For decisions with many criteria and value judgments, LDW's many features and graphic displays make it the most powerful software in its class. |
| Netica | decision analysis, risk management, data mining, diagnosis, prediction, software agents, and probabilistic modeling. | Netica is a complete system to work with Bayes nets & influence diagrams. Integrate Netica's powerful inference engine into your own software. |
| Opinions-Online | Course evaluation, participatory policy analysis, voting | Platform for group collaboration with interactive generation of polls, surveys, voting and multiattribute rating. |
| PEER Planner | Demand Forecasting and Replenishment (Inventory) Planning | PEER Planner is a decision support system for large scale forecasting applications |
| Quantitative Methods Software (QMS) | 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 | Priority-setting activities in innovation management, selection of risk metrics | The software supports the RICH method for elicitation of incomplete ordinal information about attribute weights. http://www.rich.tkk.fi |
| RiskSim | Monte Carlo simulation of spreadsheet planning models | Monte Carlo simulation add-in for Excel |
| RPM-Decisions | Management of innovation processes, maintanance of built infrastructures (for applications, see http://www.rpm.tkk.fi) | RPM-Decisions supports multi-criteria project portfolio selection and allocation of multiple resources under incomplete information. |
| SensIt | Sensitivity analysis with spider and tornado charts | Sensitivity analysis add-in for Microsoft Excel |
| 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 | Sequential decision problems under uncertainty, linked decisions | Add-in for Microsoft Excel |
| Vanguard System | Varies across industry, department, and application area | Vanguard helps you Collaborate with colleagues, Analyze alternatives, Automate routine decisions, and Improve overall management effectiveness. |
| Web-HIPRE | Evaluation of discrete choice alternatives, multiple stake holders, 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 | Page 12 | Vendor List |Accompanying Article
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