OR/MS Today, August 2002
Spreadsheet Add-Ins for OR/MS
Software Survey
Decision Analysis — Table 2
| Product | Commercial Limitations | Educational Limitations | Comments |
| PrecisionTree | - | Depends on educational option | A decision analysis add-in for Excel. Build decision trees and influence diagrams directly in spreadsheets. See the optimal decision path, and use built-in graphs, charts and sensitivity analysis. Use to run Monte Carlo simulation on trees. |
| Risk Detective | Powerful decision analysis tools for Excel. See June 2002 software survey article. | ||
| TreePlan | A decision analysis add-in for Excel that is distributed with many textbooks. See June 2002 software survey article. | ||
| INSIGHT.xla (V.2-12/02) | Monte Carlo Simulation: 1,000,000 Iterations; 50+ output cells; 50+ parameters. | Monte Carlo Simulation: 10,000 Iterations; 5 output cells; 5 parameters | An "essentials" suite of add-ins for decision making under uncertainty. Includes a decision tree application. |
Spreadsheet Add-Ins for OR/MS Software Survey Pages:
Introduction | Optimization: Table 1, Table 2 | Simulation: Table 1, Table 2 | Decision Analysis: Table 1, Table 2 | Forecasting: Table 1, Table 2 | Queueing Analysis: Table 1, Table 2 | Suites: Table 1, Table 2 | Vendors | Freeware | Application Summaries | Accompanying Article
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