We use the familiar Microsoft Excel spreadsheet as the platform for project and risk assessment models. Add-in software provides Monte Carlo and decision tree capabilities.

How to Evaluate a Decision Tree Model. A decision tree can help you make tough choices between different paths and outcomes, but only if you evaluate the model correctly. Decision trees are ...

The stochastic decision tree method builds on concepts used in the risk analysis method and the decision tree method of analyzing investments. It permits the use of subjective probability estimates or ...