A Purchasing Strategy Example Palisade’s PrecisionTree software allows you to analyze the probabilities of different outcomes, and their impacts, in sequential, multi-stage decisions. The decision trees in PrecisionTree show the probabilities of these outcomes...
Given the state of the current global economy, there’s been a lot of talk about the need for “proper risk analysis.” The concept of risk analysis and management has been around for many years but still is not executed well within the software...
Monte Carlo simulations, named for the city in Monaco, were developed during the 1940s with the Manhattan Project. But today’s simulation software can be used for a range of industries and applications to help people make decisions about their products and processes....
