Home

TreePlan SimVoi

 

Probability ToolKit is the bundle of two add-ins:

  • TreePlan for decision trees, and
  • SimVoi for Monte Carlo simulation.

 

You can purchase Probability ToolKit risk-free with our 90-day Money-Back Guarantee.

Buy Probability ToolKit

 

TreePlan for Decision Trees

treeplan-decision-tree-diagram

TreePlan helps you build a decision tree diagram in an Excel worksheet using dialog boxes.

Decision trees are useful for analyzing sequential decision problems under uncertainty.

TreePlan creates formulas for summing cash flows to obtain outcome values and for calculating rollback values to determine optimal strategy.

Back to top

 

SimVoi for Monte Carlo Simulation

simvoi-histogram

SimVoi provides random number generator functions as inputs for your model, automates Monte Carlo simulation, computes value of information, and displays the results.

Your spreadsheet model may include various uncontrollable uncertainties as input assumptions. Examples are demand for a new product, uncertain variable cost of production, and competitor reaction. You can use simulation to determine the uncertainty associated with the model’s output (e.g., annual profit).

SimVoi automates the simulation by trying thousands of what-ifs consistent with your assessment of the uncertainties and displays the results in histograms, cumulative charts, bivariate scatter plots, and value of information charts.

Back to top

You can purchase Probability ToolKit risk-free with our 90-day Money-Back Guarantee.

Buy Probability ToolKit

Back to top