Decision Tools is a set of Microsoft excel add-ins for risk and decision analysis. It includes @Risk, StatTools, PrecisionTree, TopRank and other Excel add ins. It is a commercial product from Palisade Corporation. The McCombs School of Business has negotiated a number of licenses for student use.
- Where Available: Mod Lab, Student Computer, mCloud Apps, RPC
- Source: You can download Decision Tools for student computers at https://www.mccombs.utexas.edu/tech/computer-services/coe/decision-tools
- Cost: Free
This software is only available for Windows. To install this onto a Macintosh you should first create a virtual machine on your computer and install Microsoft Windows and Office into it. If you do not currently have a Windows VM available on your computer (or a dual boot Mac/Windows computer), then you have a few options:
- Run Decision Tools remotely using our mCloud service. Please visit the mCloud Apps wiki page for more information about this. This is the quickest and easiest option. mCloud applications can even be accessed from an iPad, Android tablet or smartphone. However, you need to be online to access the mCloud applications.
- Obtain a VirtualBox VM created by Computer Services that has DTools already installed. You can visit the SWAT Shop to request assistance in installing this VM or you can install it yourself by following the instructions at Installing OVA files using VirtualBox. They have one that also includes Decision Tools preinstalled. With a local VM you can use the software while disconnected from the Internet. However, this requires MacOS 10.6.7 or latter with 2 GB of free RAM and 10 GB of free disk space. It is also more time consuming and complicated to set up.
- Use one of the computers setup in the NRG Reading Room (CBA 4.112A).
