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Friday, December 10, 2010

Decision Analysis Software Survey

OR/MS Today does an excellent survey of decision analysis software every year.  If you are interested in the topic, take a look here.  " ... Dennis Buede wrote, “Decision analysis is the discipline of evaluating complex alternatives in the light of uncertainty, value preferences and risk preference” . Decision analysis software has certainly changed since 1993. Computational horsepower and memory were critical concerns in 1993. Today, vendors are producing a richer set of analysis tools and better visualization and analysis options. The functionality of tools seems to increase each year, thanks to the integration of optimization, simulation, forecasting and data analysis techniques. Opportunities for Web-based collaboration and integration into business analytics have never been better ... "


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