Nicki Franz's blog

Syncopation Software's Responsive Website Update

Syncopation Software's New Responsive Website Syncopation Software's newly updated mobile friendly website on a stock photo of a phone-- note the hamburger menu :)

Syncopation is happy to announce a recent, major website update. Some of you may have already noticed that our website has a fresh, new look and feel. What you may not have noticed is that our website is now fully responsive with mobile devices, so it's a breeze to peruse our web content or buy a copy of DPL even when you're away from your laptop or desktop computer. This also puts us back on Google's "good" list. Yay!

An Introduction to DPL Fault Tree

Syncopation Software has long been known for their Decision Tree-based software tools but did you know that we also develop and support software for building and analyzing Fault Trees? I'd like to introduce DPL Fault Tree, a tool that allows users to intuitively build graphical models of large-scale systems in order to understand and analyze the risks within the system and how they relate to one another. This robust risk assessment can help guide risk mitigating actions.

A DPL Fault Tree Analysis of GDPR Risk

Unless you've been living under a rock, I'm confident that you've heard about the European Union's new General Data Protection Regulations (GDPR) that go into effect on May 25, 2018. Over the last month you've likely been barraged by dozens of "Privacy Policy Update" emails as companies scurry to come into compliance with these expansive new regulations.

Risk/Reward Bubble Charts - More than just a Pretty Output

Risk/Reward Bubble Chart in DPMX

When it comes to project and portfolio management analytic outputs, bubble charts are by far the most charming. Colorful and playful, they are reminiscent of a jar of gumballs. But they're really more than just an pretty chart to throw in your PowerPoint or dashboard for a splash of color. When it's critical to find the mix of projects that will add the most value to your R&D portfolio its imperative you have a strong grasp on the risk/reward balance -- which is just what this chart type can provide.

Lights, Camera, Action! Watch Syncopation's DPL, DPMX, and Decision Analysis Video Tutorials

We've always championed a "model in DPL as you learn" approach within our software documentation, resources, and training courses. A couple of years ago Syncopation took this to another level by creating our own YouTube channel so we could offer tutorial-style, screencast videos (narrated, recorded, and edited by your's truly) for those who prefer this mode of learning over traditional paper/PDF user guides. We've built up quite a collection -- so if you haven't checked Syncopation's YouTube channel, I'd encourage you to do so.

Calling All Big DPL Fans: See us in Houston at INFORMS Annual Meeting!

No really... we've got an excess of stylish, FREE size XL DPL shirts to give away. (Sorry, all the smalls, mediums and larges are long gone.) But seriously, DPL fans big, small, and in between should stop by Booth #13 at INFORMS Annual Meeting in Houston early next week:

http://meetings2.informs.org/wordpress/houston2017/

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Moving from Analyzing Datasets to Decisions in DPL

We've discussed "Big Data" within our Imperfect Information blog in the past -- with a moderately critical tone. (See Big Data and DA) When it comes to Big Data us DA folks think far too much emphasis is put on the past and how many terabytes one can unearth and not the value (or lack thereof) that the wodges of data can bring to your decisions. So allow me to expound the fact that data (or information) only has value if it will affect your future actions and decisions!

Syncopation Announces the Release of DPL 9

Syncopation Software is pleased to announce the general availability of DPL Release 9. This release serves to underscore Syncopation's commitment to providing users with best-in-class decision analytic tools that improve performance, enhance interoperability, and give you insights that lead to better decision quality. Whether you choose the Professional, Enterprise or Portfolio version, we're confident you'll find DPL 9 the best decision analysis software tool you've ever used.

12 Days of DPL 9 Features

You know the traditional holiday tune where one delivers increasingly grander gifts to his/her companion over the span of 12 days. I believe it draws a parallel to how one will feel upon starting up our forthcoming release DPL 9 -- licenses for which are now available for pre-release purchase at a 25% discount! It's the software tool that keeps giving when it comes to decision analytics, performance, interoperability and polish. So I give you Syncopation's interpretation of this holiday classic.

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A New Feature that makes Sequential Drilling Decisions Easy

A common and challenging decision problem in the oil & gas industry is to decide how to explore an oil field. Typically there is a cluster of prospects, giving rise to a highly dependent set of uncertainties, according to their proximity and the geology of the area. For example, if you drill a well at one site and strike oil, it's more likely that a nearby prospect will also have oil. If you drill a few "dry holes", you'll probably give up on the field rather than throw good money after bad drilling the other prospects. This makes intuitive sense, but until recently it was tough to model in a decision tree.

DPMX: Answering the Where, How Much, and How To of Resource Allocation

"…the problem with resource allocation isn’t ignorance of its importance—83 percent of executives we polled named it as the most critical management lever for spurring growth." - McKinsey (Where, how much, and how: Answering the hardest questions of resource allocation)

And yet, McKinsey and Company go on to point out that a third of organizations included in a survey reallocate just 1% of capital from year to year. Whether you're talking about money, talent, or time these precious, finite resources tend to be handled by management teams with far too much safeguarding and rigidity -- leaving them in the dust of those who pursue a more deliberately dynamic resource allocation strategy.

How the DPL Software Stacks Up Against Other Decision Tree Software Tools

As a market leader in decision analytic tools, we confidently stand by our claim that DPL is the most powerful, full featured application for decision tree and influence diagram modeling on the market today. DPL offers a dedicated, standalone graphical modeling interface for performing decision and risk analyses, Monte Carlo simulation, and Real Option valuation. The tool's flexibility and intuitiveness allow you to model the characteristics specific to your decisions with a precision unmatched by our competitors.

Calculating the Value of Dodgy Information

Syncopation's recent Fed Rate Hike promotion not only offers you an opportunity to save money on new or upgraded licenses of DPL, it also gives us a platform to discuss important decision making principles, like the value of information.

One of the most powerful facets of a Decision Analysis approach is the ability to explicitly calculate the value of information so one can make an intelligent choice about whether or not to buy it. If you've read our blog before you should already know the following wisdom about VOI:

DPL Fed Rate Hike Promotion: Buy DPL now or Buy DPL later?

After much ado the Federal Reserve decided to maintain interest rates at their current levels this past Wednesday -- which wasn't much of a surprise to most. The Syncopation team saw an opportunity to drum up the drama surrounding the Fed's upcoming November meeting by offering potentially huge savings on DPL licenses, with the amount of savings depending on the outcome of the FOMC's Nov 2 meeting. As a bonus, we're also providing a quick lesson on the value of imperfect information through our promotion. Read on for all the details.

Want to Simplify your ERP/PPM Tools and Processes? Try DPMX!

Deploying a fully integrated PPM System within your organization doesn't have to be expensive, time-consuming, or painful! Embed Syncopation Software's DPMX System into your resource planning processes and start reaping the benefits a straightforward, cost-efficient portfolio analytic system backed by rigorous decision analytics and robust data management tools can bring to your team and portfolio.

DPL 9 -- The Tool for Die-hard Decision Tree Fans

Are you a die-hard decision tree fan? Well then you've landed on the right blog. Let me first say that we here at Syncopation (publishers of class-leading decision tree software, DPL) have always prided ourselves on the fact that DPL's modeling interface offers a unique synergism of a Decision Tree and an Influence Diagram. We still hold those sentiments, but during the development of the latest DPL release we came to the realization that for certain users and/or decision-problems the Influence Diagram might be better off taking a backseat.

The Expected Value of Various PowerBall Play Options

The PowerBall lottery recently reached a record jackpot – after not having been won since November. Tickets to play the lottery cost $2 each (though there are some multipliers you can add on for a couple extra bucks) and the odds of winning the record-smashing $1.5 Billion jack pot as of yesterday were a minuscule 1 in 292 Million (you can read more about the mathematics behind the lottery in this Wired article here).

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