Webinar
April 22, 2026
11 a.m. AEST | 11 a.m. BST | 11 a.m. ET
How do you quantify the potential value of new information before investing?
Join Tim Nieman, Founder of Decision Applications, as he demonstrates two approaches for conducting Value of Information (VOI) analysis. You’ll see how VOI can be performed using decision trees in PrecisionTree and Monte Carlo simulation in @RISK and explore the trade-offs analysts face when choosing between simpler models and more complex—but potentially more accurate—approaches.
You’ll learn how to:
Founder, Decision Applications
Tim is the founder of Decision Applications, Inc., a Napa Valley-based decision analysis consulting firm. His research and consulting interests have spanned the application of decision practices to a wide variety of problems, including biotech, energy, environmental, and resource management decisions. He started his career as a geophysicist in the oil industry and has since held various positions in consulting, software, and biotech firms. He is also the primary instructor of the decision analysis course for PetroSkills, a provider of oil industry training. He has a B.S. in geology and M.S. in geophysics from Michigan State University, and an MBA from Rice University, and is a member (and former Board member) of the Society of Decisions Professionals and the Decision Analysis Society.
