Palisade Introduces DecisionTools Suite 5.0

Palisade Corporation has rolled out DecisionTools Suite 5.0, a decision support analysis solution.

Ithaca, N.Y.-based Palisade Corporation has introduced DecisionTools 5.0, a set of integrated decision support analysis tools. The suite integrates with Pailisade's @RISK product, a Monte Carlo simulation software solution, to perform decision tree and sensitivity analysis, statistics and time-series forecasting, genetic algorithm optimization and prediction via neural networks.

All six of DecisionTools 5.0's quantitative software tools -- PrecisionTree, TopRank, NeuralTools, StatTools, Evolver and RISKOptimzer -- run on Microsoft Excel. The tools share common interfaces and spreadsheet functions, allowing insurers to perform combined analyses and work on a more organization-wide basis.