Skip to content

Decision analysis & multi-criteria

Decision analysis is a set of methods to help people and organizations address challenging decisions more effectively than using simple intuition. It provides tools like decision trees and influence diagrams to help structure problems, multiattribute (multicriteria) methods to handle problems with several often conflicting objectives, quantifying attitudes towards risk, and ways of treating uncertainty using probability distributions.

Pharmaceutical analysis for better medications

Notwithstanding that Monte Carlo methods were first invented for atomic physics (bombs) and that pharmaceutics operates close by at a molecular level, the more popular application ...

Decision tree software: using Analytica as a powerful alternative

When analyzing a situation or a problem, should you draw a decision tree or should you map out an influence diagram? If you have decision tree software, you may ...

Influence diagrams and a Darwinian take on decision support graphics

Like biological species, the graphics used in decision support have a story to tell of origins, evolution and even a few missing links. Influence diagrams represent one of the ...

Business modeling: keeping up with a moving target

Tomorrow, today’s business model will be yesterday’s. Behind that self-evident observation lies an uncomfortable fact. The rate of change of such models has accelerated over ...

Green decision analysis in manufacturing

At one time, manufacturing relied totally on deterministic decision analysis. Neither the PC nor Monte Carlo methods had been invented, but manufacturing decision processes were ...

Decision analysis tools: outsourcing vs insourcing

Conventional business wisdom is currently that any non-core competence in an organization should be outsourced to an external supplier that is specialized in that competence...

Analysis in sustainable energy planning

Energy planning in general may allow for simple cost-benefit analysis; however, sustainable energy planning with the multiple factors and tradeoffs involved requires a different ...

Standard deviation, sporting predictions & investments

Fancy a flutter? Actually, ‘flutters’, hunches’ and similar notions related to un-quantified intuition are avoided by many sports betting experts. They prefer a more analytical ...

Some Analytica customers

Download Free Analytica


    We hate spam as much as you. We won't share your email with third parties.
    The free edition of Analytica includes these key Analytica features:
    Free Analytica has no time limit. The only constraint is it won’t let you create more than 100 variables or other objects. But your model can be quite substantial since each variable can be a multidimensional array. It also lets you explore, change inputs, and run existing models of any size (excluding features unique to the Enterprise or Optimizer editions).