OR/MS Today, October 2014
Decision Analysis Software Survey
The information in this survey was provided by the vendors in response to a questionnaire developed by the OR/MS Today staff. The survey should not be considered as comprehensive, but rather as a representation of available Decision Analysis packages.
If you know of a Decision Analysis package that is not in the survey, please contact Patton McGinley at (770) 431-0867, ext. 214 or e-mail email@example.com. It will be included in the online version.
|UPDATE 11/13/15: Added 1000Minds from 1000Minds Ltd.
The survey is divided into fifteen separate tables and a vendor list. Following is an index of the pages and the information they contain:
Operating Systems: Windows, Mac OS, Unix, specify flavors of Unix, other operating systems
Applications: Best option using multiple objectives, Representation / analysis of uncertainty, Representation / analysis of probabilistic dependencies, Risk aversion, Sequential decision making, Portfolio decision making, Multiple stakeholders collaboration
Software Features: Interfaces to other software: Import (database, spreadsheet), Export (presentation graphics), Export (model to MS Excel), XML, API (embedded decision support)
Software Features (continued): Limited use (Run-time) version for those without the SW?; Can model segments be copied?; Can model segments be moved easily?; Can model structure be displayed on screen?; Can model structure be printed?
Software Features (continued): Can user protect data from other users?; Can user protect model structure and formulae?
Software Features (continued): Does the software support explicitly group elicitation?; If yes, will it support decentralized elicitation? If yes, will it support simultaneous data input?; If yes, does it support simultaneous viewing?; If yes, is a record of model evolution kept?
Decision Algorithms Implemented: MODA / MAUT; AHP; Other
Pricing Information: Commercial, Education, Enhanced/High Performance
Availability of graphical elicitation techniques: Model structure / Brainstorming, Value functions / scores, Value weights, Probabilities, Risk preference
Availability of graphical elicitation techniques (continued): Swing weight methods, Can probabilities or weights be defined as operable variables?, Can the tool generate strategy tables?, Can the user document structure or judgments with text?
Types of output displays and analyses charts: Are graphical sensitivity analyses possible on either weights or probabilities?, Can analytical results be portrayed graphically?, Can the tool produce Expected Value Tornado Diagrams?, Does the software support two-way sensitivity analysis?, Does the software determine value of imperfect information?
Traning classes offered: Vendor; 3rd Party; Classroom; Online
Features not explicitly stated above that support decision analysis
New features since October 2010
Specific industries or market segments in which the software tool is more popular
Specific applications for which software is most widely used?
Vendor Contact Information
The survey appeared in the October 2014 issue of OR/MS Today. To order a copy of this issue, contact Customer Service at 770-431-0867, ext. 224 or send e-mail to: