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Vanguard's decision tree software will help you select
the best course of action in cases where you face
uncertainty. For example, decision trees are applied in
deciding how much inventory to build when sales forecasts
are uncertain, or when choosing between litigation and an
out-of-court settlement. In helping you to select the
best option, Vanguard's decision tree software provides
an elegant framework for combining all options involved
in a decision with consequence probabilities and outcome
values.
Decision Analysis Tools
Once you have modeled a decision using a
decision tree, Vanguard will automatically analyze the
tree to help you better understand and communicate the
risks involved. For example, Vanguard will construct a risk
profile graph or table illustrating all possible
outcomes and probabilities. Vanguard also calculates the
value of knowing what will happen in the future (value
of perfect information). This helps you
determine how much you should spend, on market or other
research, to refine your assumptions. You can even
specify your personal risk aversion when
analyzing decision models.
Software Components
Vanguard Decision Tree software is
an integrated application available in the following
Vanguard System™ products:
This gives you the ability to perform classic decision
tree analysis and Markov simulations.
To compare this functionality to that of other Suites,
refer to the Product
Comparison Chart.
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"the most attractive,
user- friendly and self-explanatory of any decision tree
software I've seen."
Lon Sobel
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