“Det Norske Veritas (DNV) offers a wide range of services to clients within the maritime, offshore, and onshore power sectors. These services can include investments and decision analysis, and for many years, DNV has used Palisade's @RISK for these analyses. In order to further develop our skills, DNV hired Rafael Hartke from Palisade for a three-day expert course in the DecisionsTools Suite (DTS). DNV found the course very useful, as Rafael had a deep knowledge of Palisade products, a wide range of practical tutorials, and also personal experience in using DTS to solve investments and decisions analysis for clients. The course was tailored throughout based on our needs and actual cases.”
“Everyone makes assumptions about the future. With TopRank and the DecisionTools Suite, the user can evaluate the sensitivity of his results and conclusions to those assumptions. Combining that with RISKOptimizer's capabilities for determining your optimum strategy given constraints - an investment portfolio is just the beginning.”
“I’ve started using PrecisionTree for the first time on a project that has some dependent hierarchical decisions. The project has been bugging me, my client, and their client for about a month. Well, I decided to crack open the tutorial for PrecisionTree, and within a week, I had the solution to the analytical framework we are going to use. Once I started thinking from the PrecisionTree frame of reference, things have fallen together nicely.
So, I had to let you guys know that, once again, this decision suite is a beautiful piece of work! It has sped up my analysis life cycle by 30% at least. It has opened a tremendous number of analytical opportunities that are really helping me and my clients not only get better answers to our problems, but to think of them in different paradigms. @RISK has been an invaluable tool in helping us expand our understanding of the problems we have to tackle.
Keep it up you guys!”
“DecisionTools has been of immeasurable help to Mannahatta Partners in multiple financial engineering projects, ranging from portable alpha overlays to factor-based alternative beta analysis to asset-backed securitizations. We’re so happy with the robustness and ease of use of the Palisade products, that we’ve expanded our usage to the StatTools package.”
“Congratulations on your excellent products, they are some of the hardest working tools that I have at my disposal and have paid for themselves several times over.”
“The DecisionTools Suite is the most valuable analytical tool that I took away from my MBA education. Being able to efficiently incorporate data from other analytical sources, as well as the tight integration with Microsoft Office, made the Palisade suite of products the logical focal point of my analytical efforts.”
“I’ve been using the DecisionTools Suite for the last two years, and I would like to say how happy I am with the insights it provides. Among the several applications of the Suite in my company, I could emphasize: decisions on the withdrawal of a product from our portfolio; decisions on investing in a new facility; studies of developing several alternatives for competitive strategies; and sales forecasts along with the probability of achieving the monthly sales goals.”
“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!”
“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.
“The combination of the different approach required to frame decisions, and the ease and effectiveness of the PrecisionTree software is really powerful for our company."
“When I first read about Palisade's DecisionTools software, I simply had to have it. This software is really amazing. For some years I've been looking for a flexible product like this. @RISK is a really solid distribution selector. The first time I [used @RISK to determine probability distributions], I was shocked. This now takes only 3-5 mouse clicks, when it used to take me hours! @RISK is also good backbone for the qualitative and quantitative work I perform. I use TopRank to determine the critical factors affecting transportation efficiency. No more stressful late nights working with static Excel spreadsheets inorder to meet my clients' deadlines. Palisade's software really makes it easier for me to do my work in less time and with much more fun, too!”
"DecisionTools is a really important suite of tools, and I applaud Palisade’s effort to better integrate some of them into the @RISK modeling framework. @RISK is a good backbone for the qualitative and quantitative work I perform. I like the flexibility."
"DecisionTools is a superior brand of products directed at what I consider the gravest and most consequential activities of most American businesses, Risk Assessment and Decision Making."