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Wouldn’t you like to know the chances of making money – or taking a loss - on your next venture? Or the likelihood that your project will finish on time and within budget? How about the probabilities of finding oil or gas, and in what amounts?Įveryone would like answers to these types of questions. This helps you identify and calculate the value of all possible alternatives, so you can choose the best option with confidence. Decision trees are quantitative diagrams with nodes and branches representing different possible decision paths and chance events. With PrecisionTree, you can visually map out, organize, and analyze decisions using decision trees, right in Microsoft Excel. PrecisionTree helps you tackle these types of complex, sequential decisions. Have you ever been faced with a complex, multi-stage decision like what is the best strategy for testing and drilling for oil, or should we build a new plant or buy an existing one? What about bidding on a new project – what should you bid, and how should you react to your opponent’s bid? Or perhaps you are faced with determining the best litigation strategy is in a legal dispute, or the best series of medical tests and procedures to maximize a patient’s chance of recovery? RISKOptimizer for Monte Carlo simulation & optimization
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