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DecisionTools Suite

by Lumivero · Since 1995
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ActiveAvailable globallyCloud
Quick facts
VendorLumivero
Year launched1995
StatusActive
Location1331 17th Street Suite 404 Denver, CO 80202
Countries servedGlobal
Languages10
Integrations1+
Free tierN/A
Free trialN/A
Contact salesYES

About DecisionTools Suite

DecisionTools Suite is a decision analysis software from Lumivero that assists in evaluating complex choices. It combines risk analysis, decision trees, and sensitivity analysis so users can make informed decisions based on quantitative data. This software suite is particularly beneficial for professionals working in finance, engineering, and project management as it provides tools to assess probabilities and outcomes effectively. DecisionTools Suite allows users to visualize scenarios, analyze uncertainties, and conduct simulations to improve decision-making. Key capabilities: risk analysis decision trees sensitivity analysis Monte Carlo simulation scenario analysis Best for: professionals and analysts that need to evaluate risks and make data-driven decisions.

DecisionTools Suite by Lumivero is a robust, Excel-integrated analytics toolkit used for probabilistic modeling, risk analysis, and informed decision-making. Leveraging Monte Carlo simulation, decision trees, neural networks, and optimization techniques, it enables professionals to manage uncertainty in financial planning, forecasting, and operations. The suite integrates directly into Microsoft Excel, making it user-friendly for Excel-experienced analysts. Tools like @RISK and PrecisionTree allow users to simulate outcomes and visualize decision paths, while others like NeuralTools and StatTools support predictive modeling and statistical analysis. The interface blends seamlessly with Microsoft Excel’s ribbon, providing direct access to its suite of tools without requiring separate software. DecisionTools Suite is compatible with Microsoft Windows and integrates with Lumivero’s broader ecosystem, including NVivo, XLSTAT, and Predict!. It also supports a range of industries, including finance, insurance, construction, energy, and aerospace, offering custom enterprise licensing for organizations needing scalability, flexibility, and centralized license management. Academic versions and student licensing are also available with deep discounts and full functionality.

Pros & Cons

Pros
  • Fully integrated with Microsoft Excel
  • Offers comprehensive risk and decision analysis tools
  • Frequent version updates enhance capabilities
  • Powerful Monte Carlo and optimization engines
  • Suitable for various industries and use cases
Cons
  • Windows-only compatibility (not for Mac)
  • Requires Excel proficiency for advanced usage
  • Neural networks require quality datasets to perform well
  • May have a learning curve for users new to probabilistic modeling

Features

Key features

@RISK – Monte Carlo Simulation

Simulates thousands of scenarios in Excel to predict outcome probability.

PrecisionTree – Decision Trees

Visually maps decision paths for informed outcomes.

StatTools – Forecasting and Statistics

Enhances Excel's statistical capabilities with robust tools.

NeuralTools – Predictive Neural Networks

Uses machine learning to recognize patterns and predict outcomes.

Evolver – Complex Optimization

Solves difficult allocation and scheduling problems via genetic algorithms.

RISKOptimizer – Optimization with Uncertainty

Combines simulation and optimization to model uncertain outcomes.

ScheduleRiskAnalysis – Project Schedule Risk

Assesses risks affecting project timelines using simulations.

Additional features

Monte Carlo Simulation

Predicts thousands of future outcomes based on input ranges.

Probabilistic Decision Trees

Breaks down multi-path decisions using visual tree diagrams.

Predictive Analytics with Neural Networks

Learns from data to make intelligent, adaptive predictions.

Statistical Forecasting

Applies time series and regression models for forecasts.

Optimization Algorithms

Uses algorithms to solve complex optimization scenarios.

Risk Ranking and Sensitivity Analysis

Identifies key drivers of risk and impact.

Scenario Analysis

Evaluates and compares multiple decision paths.

What-If Analysis

Quickly tests different assumptions to assess impact.

Schedule Risk Modeling

Highlights variability and threats in project timelines.

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
10
Interface languages
11
Billing currencies

Interface languages

EnglishFrenchGermanSpanishPortugueseJapaneseChineseKoreanRussianItalian.

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇦🇺AUD🇨🇦CAD🇨🇭CHF🇨🇳CNY🇮🇳INR🇰🇷KRW🇹🇭THB

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