Decision & risk analysis software
Merak Decision Tool Kit (DTK) helps you to evaluate uncertainties, measure the impact of those uncertainties on economic value, and determine the risk of your options. Merak DTK integrates with Merak Peep to enable decision and risk analysis (DRA) and petroleum economics in one workflow.
Understand your uncertainty
- Visualize the effects of uncertainty on the value of your projects using tornado charts or spider diagrams
- Focus your efforts on high-impact uncertainties
- Build a decision tree automatically, based on your sensitivity analysis data
Make more informed decisions
- Determine the expected value of your project given its inherent uncertainty
- Make decisions with greater confidence based on improved understanding of your project and your risk tolerance
- Quantify the value of information that can reduce your uncertainty and affect your decisions
- Export time series data for use in the Merak Capital Planning portfolio management software
Analyze your risk with Visual Monte Carlo
- Model complex problems including uncertainty, correlation, and decisions
- Combine the structured economics of Merak Peep with the flexibility of Microsoft Excel in a single representation of your project
- Determine statistics for your project including P10, P50, P90 outcomes, and the probability of success
- Better understand the details of your project risk through probabilistic techniques
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