Lumivero
Lumivero - PrecisionTree Visual Decision Analysis Software
FromLumivero
Improve your decision analysis by using decision trees and influence diagrams to visualize different outcomes with PrecisionTree in Microsoft Excel. Decision trees let you visually map out complex decisions in a sequential, organized manner – helping you identify all possible alternatives and choose the best option.
Most popular related searches
PrecisionTree helps address complex sequential decision models by visually mapping out, organizing, and analyzing decisions using decision trees . Decision trees are quantitative diagrams with nodes and branches representing different possible decision paths and chance events. This helps you analyze the value of all possible alternatives, so you can choose the best option with confidence.
With PrecisionTree, you can analyze and see the payoff and probability of each possible path through a decision tree. PrecisionTree nodes and functions may be added to any cell in a spreadsheet and can include arguments that are cell references and expressions – allowing great flexibility in defining decision models.
PrecisionTree determines the best decision to make at each decision node and marks the branch for that decision TRUE. Once your decision tree is complete, PrecisionTree creates a full decision analysis statistics report on the best decision to make and its comparison with alternative decisions. PrecisionTree can also create a Risk Profile graph that compares the payoffs and risk of different decision options. It displays probability and cumulative charts showing the probabilities of different outcomes and of an outcome less than or equal to a certain value.
PrecisionTree determines the best decision to make at each decision node and marks the branch for that decision TRUE. Once your decision tree is complete, PrecisionTree creates a full decision analysis statistics report on the best decision to make and its comparison with alternative decisions. PrecisionTree can also create a Risk Profile graph that compares the payoffs and risk of different decision options. It displays probability and cumulative charts showing the probabilities of different outcomes and of an outcome less than or equal to a certain value.
- Works with Microsoft Excel
- Choose the Best Option with Confidence
- Plan Better Strategies
- Communicate Decision Paths to Others
- Visually Map out Decisions
PrecisionTree has a multitude of applications, including:
- Oil, Gas, & Mineral Reserves: Map out sequential, probabilistic exploration plans of prospective sites containing oil, natural gas, or other minerals. Estimate uncertain reserves to make wise drilling decisions.
- Litigation & Bidding Strategy: Plan step-by-step strategies in complex legal or business negotiations, or when bidding on contracts. Map what could happen at each stage and your response to, along with probabilistic chance events.
- Real Options Valution: Quantify the value of real options, or the right to undertake an investment or not, in the face of uncertainty future outcomes.
- Supply Chain Management: Develop multi-stage plans for complex supply chains, incorporating probabilities of failures and other chance events.
- Medical Treatment Planning: Establish sequential, multi-stage treatment plans for complex medical conditions given uncertain outcomes at each stage.