Can Mindjet be used for Decision Analysis?

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Is anyone using MindJet for 'Decision Analysis'? It requires the structures that Mindjet is excelelnt at but also needs the capability to do calculations of probability x cost of the options be considered, and rolling the numbers up through the structure? Decision Analysis is explained here:
http://smartorg.com/wp-content/upload...
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Peter Lang

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Posted 5 years ago

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Michael Deutch, Official Rep

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Looks like a great use case. Our calculations may not be sophisticated enough to handle this 'out-of-the-box'. I'm curious too if anyone else has been trying to do this or wants to do these types of calculations in your maps.
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Peter Lang

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Michael Deutch,

Thank you for your reply. I hope one of your experts might be able to provide a template. Reproduce the examples used in Chapters 2 and 3 (especially 3) of the text would be a great start.

To give you a perspective on the market opportunity, I provide the following;

1. The professional product that is marketed by the authors of the book sells for US $990

2. The price for the book is $300 and second hand they sell for $100 to $600 on Amazon and Ebay. So this suggests there is a real market opportunity.

3. The benefit/cost that organisations can gain by good Decision Analysis can be as much as the success or failure of an organisation - into the billions for large organisations. having good tools available to workers in the organisation improves decision making and more importantly, it improves the understanding of robust decision making throughout the organisation.

At an even higher level is policy options analysis - for example climate change policies. The costs an benefits of good policy versus bad policy is in the trillions $. To get good policy agreed by the public needs a way to communicate how objective policy analysis is done. A tool like this that is accessible to many users, would be a great help in educating the public by allowing those who are interested to use it them selves and run their own sensitivity analyses.

The same applies for analysis of all policies.

Decision Analysis software survey: http://www.informs.org/ORMS-Today/Pub...
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Michael Deutch, Official Rep

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Thanks, I'll take a look at this.
Photo of Michael Deutch

Michael Deutch, Official Rep

  • 438 Posts
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Thanks, I'll take a look at this.

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