Decision Support Package facilitates risk management.July 9, 2009 -
DecisionTools® Suite v5.5 is comprised of 7 software programs that put most frequently used methods for objective, data-based decision making within reach of any Excel user. In addition to @RISK tool for analyzing risk using Monte Carlo simulation, suite offers decision trees, neural networks, sensitivity analysis, forecasting, and optimization capabilities. Interface, simulation engine, and ability to leverage multicore processors lend to accelerated computation of large models.
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Original Press release
Palisade Corp.
798 Cascadilla St.
Ithaca, NY, 14850
USA
Risk Management Leaps Forward with Palisade Corporation's New DecisionTools® Suite 5.5
Data-Based Decision Making for Uncertain Times
Ithaca, New York and London, UK. Palisade Corporation has just released an enhanced new version of its DecisionTools Suite, the best-selling decision support package available for Excel. Version 5.5 of the DecisionTools Suite is a selection of seven software programs that put the most frequently used methods for objective, data-based decision making within reach of any Excel user. The Suite contains a new 5.5 version of @RISK, the market-leading tool for analyzing risk using Monte Carlo simulation. Other DecisionTools techniques include decision trees, neural networks, sensitivity analysis, forecasting, and optimization.
Any Course of Action Involves Risk
Executives, analysts, and researchers have used the DecisionTools to make better-informed decisions in an impressive range of enterprises--from finance and investment to power generation and from Six Sigma programs to wildlife conservation.
In today's uncertain economy, managing risk is crucial. The centerpiece of the Palisade suite, @RISK 5.5, is an essential tool for anticipating how decisions will play out. Now in its 25th year, @RISK uses Monte Carlo simulation to identify the probabilities of different outcomes occurring with any course of action.
The other six tools in the suite are PrecisionTree®, TopRank®, NeuralTools®, StatTools®, Evolver®, and RISKOptimizer®.
Faster Modeling Results, More Powerful Graphic Display, More Efficient Collaboration
Palisade software is well known for its fast, intuitive interface that integrates seamlessly into the Excel worksheet and that speeds computation with even extremely large models. The new simulation engine in the DecisionTools Suite optimizes the power of multicore processors and runs faster than ever. Version 5.5 also offers a more versatile array of graphs and charts to display analysis results and depict how the model inputs interact.
For users in large organizations, the file-sharing capabilities in the new suite will be important. Users and non-users of DecisionTools Suite can swap models, and the @RISK Library stores model components and results for use by colleagues.
Availability
DecisionTools Suite 5.5 is available immediately through the Palisade website: www.palisade.com. It may be purchased as either boxed software or as a download, with upgrade pricing for current users.
About Palisade Corporation
Palisade is the market leader in risk and decision analysis software for Microsoft Excel and Microsoft Project. Headquartered in Ithaca, New York, where the company was founded, Palisade also maintains offices in London, England; Sydney, Australia; and offers special services to Latin American customers. Palisade users can be found in over 100 countries, and include the likes of AT&T, Hewlett Packard, Hitachi, IBM, Proctor & Gamble, Dow Chemical, Citigroup, Bristol Myers-Squibb, PricewaterhouseCoopers, Unilever, London Underground, Infineon and Statoil.
Further information:
Nicola Males
Palisade
+44 1932 847322
Nicola@vanillapr.co.uk
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