Journal of Petroleum Technology
December 1998

Palisade Corporation has integrated five programmes into its DecisionTools Suite. Each of the spreadsheet add-in tools accelerates and refines a phase in the process of decision-making, modelling, analysing opportunities and risk, identifying and narrowing choices, and quantifying outcomes. The hub of the suite is the risk-analysis software @RISK. The programme allows users to create sophisticated Monte Carlo simulations of possible outcomes by quantifying uncertainties surrounding a given opportunity or problem.