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Technology

Analytica was designed from the start to combine several key decision-technologies into fully integrated, easy-to-use package. They include: 

  • Visual influence diagrams to define and organize complex models into comprehensible modules.
  • Intelligent arrays™ to make it easy to manage models with multiple dimensions.
  • Monte Carlo simulation to analyze uncertainty and risk with speed and simplicity
  • Optimization, including linear and nonlinear programming.

The technology underlying Analytica is based on a decade of research by decision analysts, computer scientists, and user-interface designers at Carnegie Mellon University, with support from the National Science Foundation.

See below for more details on each technology:

Simple influence diagram

Influence Diagrams

An influence diagram is an intuitive visual display of a decision problem. It depicts the key elements, including decisions, uncertainties, and objectives as nodes of various shapes...

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Monte Carlo Simulation

Monte Carlo simulation is a simple and efficient way to represent and analyze risk and uncertainty. It generates a random sample of values from each input probability distribution...

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Decision Analytics

Analytics tools yield zero value — until they improve decisions. Decision analytics is about using insights from data to drive business decisions. It builds on...

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What’s Wrong With Spreadsheets

The spreadsheet was the first "killer app", the application which led to millions of people buying their first personal computers in the early 1980s. Spreadsheets were a brilliant...

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DIST

SIPS and SLURPS

Whether you are developing strategic plans or making day-to-day decisions, you often need to use estimates made by others.  We are all aware that nearly every estimate is...

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roulette wheel

Probabilistic Forecast Libraries

Decision modelers and forecasters increasingly realize the advantage of probabilistic forecasts -- that explicitly represent the inevitable uncertainties in the form of probability...

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