Publications Details
Perspectives Gained in an Evaluation of Uncertainty, Sensitivity, and Decision Analysis Software
The following software packages for uncertainty, sensitivity, and decision analysis were reviewed and also tested with several simple analysis problems: Crystal Ball, RiskQ, SUSA-PC, Analytica, PRISM, Ithink, Stella, LHS, STEPWISE, and JMP. Results from the review and test problems are presented. The study resulted in the recognition of the importance of four considerations in the selection of a software package: (1) the availability of an appropriate selection of distributions, (2) the ease with which data flows through the input sampling, model evaluation, and output analysis process, (3) the type of models that can be incorporated into the analysis process, and (4) the level of confidence in the software modeling and results.