“I found it very easy to use and learn.”
“The [PrecisionTree] software is the best I've ever used, and we benchmarked quite a few packages. All in all...I'd recommend the software to friends.”
“We needed a set of practical, comprehensive, broadly applicable tools to anticipate what the problems might be. I think we have that now, and @RISK and PrecisionTree are really key components in that set of tools. They are easy to learn, and they allow us to enter reasonable ranges of possible values rather than fixed estimates. It’s an effective approach to minimizing the risks of disease in our efforts to conserve endangered species.”
“Palisade Corporation's DecisionTools Suite continues to represent an integral component of my Decision Sciences courses. I have enjoyed showing my students how to build effective, relevant and realistic models using this easy-to-understand software. In particular, PrecisionTree has enabled my students to create decision trees within a spreadsheet environment. Nodes and branches can be inserted quickly and efficiently. The variety of sensitivity analyses available within this package (tornado charts, two-way sensitivity regions, and so forth) provides my students with the opportunity to understand model results.”
“PrecisionTree's attraction is its capacity to value complex
decisions, which often involve multiple, sequential decision steps.
We considered using financial option calculators to analyze the
real options that are embedded in our complex decisions, but we
found that they simply can't solve for the real option value in
projects with multiple, sequential investment decisions. Decision
trees are really the only tool that can correctly value multiple
sequential decisions where uncertainty is private risk. PrecisionTree
has been very useful in helping us break complex projects down
into individual decision options, helping us understand the uncertainties,
and ultimately helping us make superior decisions.”
“I have used the whole range of products under the DecisionTools
umbrella, and cannot speak highly enough of the quality, power and
flexibility of the entire software suite. For example, @RISK and
PrecisionTree have been applied to risk assessments for oil and
gas projects, modelling of extreme environmental loads, as well
as evaluation of biological and food-related hazards. I have yet
to find a risk problem I could not handle with the software!”
