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Decision Making with Insight

Designed for the classroom and for individual use in the workplace, Decision Making with Insight includes both Insight.xla 2.0 software and a concise, practical handbook, which is filled with useful tutorials and exercises that explain how the accompanying suite of add-ins can be applied. After introducing important general spreadsheet skills, the book covers Monte Carlo simulation, decision trees, queuing simulations optimization, Markov chains, and forecasting. Dr. Sam Savage, recognized worldwide as a leading innovator in management science education, also draws on his extensive consulting experience to provide compelling, practical business applications for each add-in.

Changes to this new edition include bootstrapped hypothesis testing, a discussion of conditional probability with tree flipping, introduction to cellular automata, and new exercises throughout.

Dr. Savage's Insight.xla and XLSim have garnered rave reviews from instructors, students, and business users for years. Click here to see what they're saying.

See below for details on the software included with Decision Making with Insight.


Decision Making with Insight
Standard Edition

360 page book plus Insight.xla 2.0 Standard Software
$75.95
>>>Software details


Decision Making with Insight
Commercial Edition

360 page book plus Insight.xla 2.0 Commercial Software
Ten times the Monte Carlo power, and much bigger trees.
$175.95
>>>Software details


Commercial Edition Upgrade
Already have the Standard Edition of Insight?
Upgrade electronically - no freight!
$149.95
>>>Software details


XLSim 2.0 Commercial Edition
1 Million Iterations Can be called from VBA macros
Electronic delivery - no freight!
$149.95
>>>Software details


Insight.xla 2.0 Standard Software includes:
SoftwareApplicationLimitations
Insight.xla 2.0 Suite   

XLSim®
Standard Edition

Monte Carlo Simulation
  • 10,000 iterations
  • 5 output cells
  • 5 parameters
  • May NOT be called
      from VBA macros
  • QUEUE.xla

    Simple Queues

    NA

    Q-NET.xla

    Queuing Networks

    NA

    Markov.xls

    Markov Chain template

    NA

    XLForecast™

    Time Series Analysis

    NA

    XLTree™
    Standard Edition
    Decision Trees
  • 3 branches per node
  • 4 nodes depth of tree
  • Extend™ +MFG LT
    Version 5
    Discrete Event Simulation
  • 75 blocks
  • expires after
      180 days of use
  • Premium Solver™ for Education Optimization: Linear, Non-linear, Evolutionary
  • 200 Variables
  • 100 Constraints
  • What'sBest!®Optimization: Linear, Non-linear, Includes linearization of logic statements
  • 300 Variables
  • 150 Constraints
  • Back to the top.

    Insight.xla 2.0 Commercial Edition Software
    includes the Standard Edition plus the
    following increased capacities:
    SoftwareApplicationLimitations
    Insight.xla 2.0 Suite    

    XLSim®
    Commercial Edition

    Monte Carlo
    Simulation
  • 1,000,000 iterations
  • 100 output cells
  • 100 parameters
  • Electronic tutorial
  • Application Interface allows simulation
    to be called from VBA macros
  • XLTree™
    Commercial Edition
    Decision Trees
  • 99 branches per node
  • Depth of tree limited only by Excel
  • Back to the top.


    Insight.xla 2.0 Commercial Upgrade
    Requires prior installation of Standard Edition.
    Uprgades to the following increased capacities:
    SoftwareApplicationLimitations
    Insight.xla 2.0 Suite    

    XLSim®
    Commercial Edition

    Monte Carlo
    Simulation
  • 1,000,000 iterations
  • 100 output cells
  • 100 parameters
  • Electronic tutorial
  • Application Interface allows simulation
    to be called from VBA macros
  • XLTree™
    Commercial Edition
    Decision Trees
  • 99 branches per node
  • Depth of tree limited only by Excel
  • Back to the top.


    XLSim 2.0 Commercial edition

    SoftwareApplicationLimitations
    XLSim 2.0    

    XLSim® 2.0
    Commercial Edition

    Monte Carlo
    Simulation
  • 1,000,000 iterations
  • 100 output cells
  • 100 parameters
  • Electronic tutorial
  • Application Interface allows simulation
      to be called from VBA macros
  • Back to the top.


    Praise for the First Edition of INSIGHT

    "Rarely has such sound theory been provided in such an entertaining manner. INSIGHT is a must read for those who analyze business problems, are comfortable with Excel, and are not otherwise supplied with all the statistical, simulation and optimization tools needed for analysis."
    Harry Markowitz - Nobel Laureate in Economics
    from his Foreword to INSIGHT.xla

    "INSIGHT.xla hits you right where you learn."
    William Perry - Former Secretary of Defense of the United States

    "Sam's visual, hands-on approach succeeds in tearing through the algebraic curtain."
    Bill Machrone - PC Week

    "Sam Savage is the perfect 'Zen master' of spreadsheets."
    Brad Osgood - Director, Science, Mathematics, Engineering Core, Stanford University

    "Business schools teach the theory and the math, but Sam's approach is intuitive and visual. His tools work right in the spreadsheet, so most people can hit the ground running and bosses will have no trouble reading and interpreting the results."
    Matthew Raphaelson - Senior Vice President, Wells Fargo & Company

    "Sam Savage has given us an enormously practical way to use business analysis tools such as simulation, decision trees, and optimization. These tools are taught in many business schools but the approach is, alas, too often skewed toward the theoretical and many students feel uneasy making the transition to use them in actual business situations."
    John P. Gould - Professor & Former Dean, University of Chicago Graduate School of Business

    "Sophisticated concepts developed over several decades have been faithfully and beautifully captured in spreadsheet form--making these concepts both understandable and usable by a wide audience. And this material is not just for the novice. Professionals will find useful programs that can be used immediately to solve important and realistic problems. INSIGHT.xla will play a major role in promoting sound, modern approaches to important problems."
    David G. Luenberger - Professor, Stanford University and Author of Investment Science

    "I come to bury statistics, not to praise it."
    Sam Savage - Author of INSIGHT.xla

    Back up to the top.

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