Decision Strategies will incorporate Palisade's @RISK® and DecisonTools Suite® as integral elements of its proprietary Integrated Decision Management™ process used by its clients.

“The arrangement will not only give access to our software to some of the best companies in the world,” said vice president Dan Shikiar, “it will provide the training those organizations need to fully understand and expand their use of the tools.”

Decision Strategies managing director Gary Bush believes that the adoption of Palisade software will enhance the use of Integrated Decision Management™ by clients. “These tools are accessible, intuitive and powerful. Using the Palisade tools with well-designed models will enhance the whole decision making process and their business performance. After all, dramatically improving performance is the reason we're in business.”

The DecisionTools Suite® is an integrated set of programs designed to work together to provide combined analyses and maximum functionality - optimum decision analysis in one package! The DecisionTools Suite brings together up to seven products: @RISK®, PrecisionTree® , TopRank® , RISKOptimizer® , BestFit® , RISKviewT, and @RISKAccelerator® . Installation is fast and easy, using a single CD-ROM. The programs themselves have been designed to work together in an integrated environment, running from a common toolbar in Microsoft Excel. With the DecisionTools Suite®, you can perform advanced analyses you could not perform with any single product. Create a decision tree in PrecisionTree, then use @RISK® to run a Risk Analysis on it. Take data stored in another workbook, use BestFit to find the distribution that fits that data, and use the distribution with @RISK®. @RISK® 4.5's advanced graphing is just one of the powerful analyses you'll perform with the DecisionTools Suite®!

@RISK® is the Risk Analysis and Simulation add-in for Microsoft Excel ® . As an add-in, @RISK® becomes seamlessly integrated - via a new toolbar and functions - with your spreadsheet, adding Risk Analysis to your existing models. If you can use a spreadsheet, you can use @RISK®! @RISK® uses a technique known as Monte Carlo simulation to allow you to take all possible outcomes into account. Simply replace uncertain values in your spreadsheet model with @RISK® functions to represent a range of possible values. Select bottom-line cells, like Total Profits, as outputs, and start a simulation. @RISK® recalculates your spreadsheet hundreds or even thousands of times, each time selecting random numbers from the @RISK® functions you entered.

The result: distributions of possible outcomes and the probabilities of getting those results! This not only tells you what could happen in a given situation, but how likely it is that it will happen. With @RISK®, you can answer questions like “What are the chances of getting a negative result?” or “What is the probability of earning profits over $500,000?”

@RISK® 4.5 for Excel comes in three editions - Standard, Professional, and Industrial - to allow you to select the feature set which best meets your needs.

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