5.0 More to Explore
Decision tree software spans low-cost spreadsheet plug-ins to server-mediated applications suites. Students and casual users may find the free trial offerings from Decision Support Services, Visionary Tools, or Lumenaut particularly useful.- Lumenaut
Lumenaut is a Microsoft Excel plug-in. The company offers a free trial and a free student version. - Salford Systems
TreeNet for Windows is among other decision analysis products used for data mining in complex database systems. - Treeplan.com (Decision Support
Services)
TreePlan is a low cost Microsoft Excel plug-in that works on Windows or Macintosh. A free trial version is available for 15 days. The plug-in costs $29, or can be purchased as part of a low cost suite of products. - Vanguard Software Corporation
Vanguard Studio is a customizable software tool aimed at business development. Single user licenses begin at $1,000. The company web site also offers a short introduction to decision trees. - Visionary Tools
Occam’s Tree is a stand-alone application (Windows-only). This small German company offers a free trial version and a single license for $88.
You can find other information on decision trees and related decision analysis at a number of online sources. The following represent some of the best for students.
- Decision Tree Primer, by Craig
W. Kirkwood, Department of Supply Chain Management,
Arizona State University. © 2002.
Kirkwood is an author and instructor focusing on general decision analysis. This short text is a particularly useful introduction to decision analysis, risk aversion, and valuing information. I gratefully acknowledge the Kirkwood text, pages 5-18, for useful definitions and examples. - Interactive Textbook on Clinical
Symptom Research, "Chapter 14: Tools for Decision
Making, Part II: Expected Value Decision Making,"
by Harold Sox, MD
This online resource offers insights into how decision tree analysis can be used in medicine. - Wikipedia
This popular online encyclopedia contains several relevant entries on risk analysis and decision making.
Decision trees
Expected value - Mindtools, Decision Tree Analysis
This web resource offers a broad range of information aimed at business professionals. This particular entry offers an introduction and links to related information.