OR/MS Today, October 2010
Decision Analysis Software Survey
Table 7
| Product | Decision Algorithms Implemented: | ||
| MODA / MAUT | AHP | Other | |
| @RISK | n | n | Monte Carlo simulation |
| 1000Minds | y | n | PAPRIKA, Conjoint Analysis |
| AgenaRisk | n | n | Bayesian junction tree, dynamic discretization |
| Analytica 4.2 | n | n | Monte Carlo, Linear and Non-Linear Programming |
| DecideIT | y | n | The DELTA framework for decision analysis with imprecise information |
| Decision Advisor® | n | n | Influence diagram, decision tree analysis |
| Decision Explorer | n | n | |
| DecisionTools Suite | Monte Carlo simulation, decision trees, tornado (sensitivity) analysis; optimization; neural networks; statistical analysis | ||
| Doctus | rule-based reasoning and a modified ID3 | ||
| DPL | y | n | Decision tree roll back, Monte Carlo simulation |
| DTrio | n | n | DTrio is a decision framing tool and contains no algorithms. |
| Equity3 | y | ||
| ForeTell-DSS | Hybrid methodology and algorithms tailored to decision problem | ||
| Frontier Analyst 4 | Data Envelopment Analysis | ||
| GoldSim | y | n | |
| HiPriority 3 SE | y | ||
| Hiview3 | y | ||
| IDS (Intelligent Decision System) | y | y | Evidential Reasoning Approach for Multiple Criteria Decision Analysis |
| Logical Decisions for Windows v6.2 | y | y | |
| Logical Decisions Portfolio v6.2 | y | y | |
| MakeItRational | y | Direct Rating | |
| MindDecider | y | y | |
| OnBalance 3 SE | y | ||
| OWL | n | n | OWL is a digital reference source of decision problems. |
| PEERForecaster Excel Add-in | n | n | |
| Portfolio NavigatorÀô Value Optimization Software | Analytic engine is decision analysis-based | ||
| Promax 2010 Standard | y | ||
| QMms (Quantitative Methods for Management Science) | |||
| RICH Decisions | n | n | Value tree analysis + incomplete information + dominance structure + decision rules |
| RiskSim | n | n | Random number generator functions and Monte Carlo simulation |
| RPM-Decisions | y | n | MAVT + incomplete information + non-dominated portfolios + core indexes |
| SensIt | n | n | One-way tornado chart, two-way tornado chart, spider chart |
| TreePlan | n | n | Decision tree roll back |
| TreeTop | n | n | You can use mutliple decision metrics as well as define your own. |
| Vanguard Business Analytics Suite | n | y | Decision tree analysis, Monte Carlo simulation, Deterministic/simulation optimization |
| Vanguard System | n | y | Decision tree analysis, Monte Carlo simulation, Deterministic/simulation optimization |
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
OR/MS Today copyright © 2010 by the Institute for Operations Research and the Management Sciences. All rights reserved.
Lionheart Publishing, Inc.
506 Roswell Street, Suite 220, Marietta, GA 30060, USA
Phone: 770-431-0867 | Fax: 770-432-6969
E-mail: lpi@lionhrtpub.com
URL: http://www.lionhrtpub.com
Web Site © Copyright 2010 by Lionheart Publishing, Inc. All rights reserved.