OR/MS Today, October 2016

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 patton@lionhrtpub.com. It will be included in the online version.

Be sure to read the accompanying article.

The survey is divided into thirteen separate tables and a vendor list. Following is an index of the pages and the information they contain:

Page 1
  • Vendor
  • Operating Systems: Windows, Mac OS, Unix/Linux, Web implementaion

    Page 2
  • Can the product be used for the following decision analysis applications? Multiple competing objectives, Uncertainty, Probabilistic dependencies, Risk tolerance, Sequential decision making (e.g., Decision Trees), Portfolio decision making, Two-Way Sensitivity Analysis, Multiple stakeholders collaboration

    Page 3
  • Can the product be used for the following decision analysis applications? (continued) Evidential Reasoning (e.g., Bayesian Belief Networks)
  • Does the product support elicitation of the following decision analysis components? Model structure / Brainstorming, Value functions / Scores, Criteria / attribute weighting, Probabilities

    Page 4
  • Does the product support elicitation of the following decision analysis components? (continued) Risk tolerance, Value of Imperfect Information, Strategy tables, List the components for which the product provides multiple methods of elicitation

    Page 5
  • Does the product contain the following usability features? Interfaces to other software, Import (e.g., database, spreadsheet), Export (e.g., presentation graphics, data), XML, API (Embedded Decision Support System)

    Page 6
  • Does the product contain the following usability features? (continued): Model segments can be copied to another model, moved easily within the model, displayed on screen, and printed; User can protect data from other users; User can protect model structure and formulae

    Page 7
  • Does the product contain the following usability features? (continued): User can document structure and/or judgements with text, Tools for group elicitation, If yes, does the product support the following group elicitation features?, Decentralized Group Elicitation, Simultaneous data input and viewing, Keep record of model evolution

    Page 8
  • Does the product implement the following decision algorithms? MODA / MAUT; AHP; Other
  • Does the product support the following visualization features and outputs? Graphical sensitivity analysis for weights and/or probabilities, Graphical display of analytical results

    Page 9
  • Does the product support the following visualization features and outputs? (continued) User-customized graphics (e.g., drag and drop chart development and manipulation, color and formatting selection, etc.), Interactive graphics, displays or interfaces that allow users to adjust analytical components in order to explore decision space and alternatives, Expected Value Tornado Diagrams, Decision Trees, Influence Diagrams

    Page 10
  • Pricing Information: Is a limited use (Run-time) or demo version available?, Education, Enhanced / High Performance, Commercial, Describe licensing options for the commercial version of the software (e.g., Multi-user licenses, individual licenses, #simultaneous users/tokens)

    Page 11
  • Traning classes offered: Vendor; 3rd Party; Classroom; Online; Describe certification programs for instructors or recognized proficiency
  • List any features not explicitly stated above that support decision analysis

    Page 12
  • List new features since October 2014
  • Describe specific industries or market segments in which the product is more popular
    Page 13
    Describe specific applications in which the product is more widely used List any awards or recognition this product has received Comments/description (30 words max.)
    Vendor List
  • Vendor Contact Information



    The survey appeared in the October 2016 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: csr@lionhrtpub.com.
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    OR/MS Today copyright 2016 by the Institute for Operations Research and the Management Sciences. All rights reserved.