Abstract: A stand-alone computer application for solving decision problems, conducting decision and risk analyses, and for globally optimizing the operation of systems and processes is disclosed. Running on a personal computer, the application embodies three major methods. The first method is project oriented and includes highly modularized procedures for solving and analyzing sequential, probabilistic and multi-objective decision problems. It enables a user to specify and to seamlessly integrate prioritized objectives, performance measures, utility functions, decisions, choices, outcomes, probabilities, multi-dimensional costs and external parameters into an objectives-based decision model. It further includes procedures to assist a user in the construction of objectives hierarchies, utility functions, cost functions and probability expressions.

Abstract: A stand-alone computer application for solving decision problems, conducting decision and risk analyses, and for globally optimizing the operation of systems and processes is disclosed. Running on a personal computer, the application embodies three major methods. The first method is project oriented and includes highly modularized procedures for solving and analyzing sequential, probabilistic and multi-objective decision problems. It enables a user to specify and to seamlessly integrate prioritized objectives, performance measures, utility functions, decisions, choices, outcomes, probabilities, multi-dimensional costs and external parameters into an objectives-based decision model. It further includes procedures to assist a user in the construction of objectives hierarchies, utility functions, cost functions and probability expressions.