Model Markov Decision Process with the modern and intuitive wizard
Markov Decision Process from SpiceLogic offers a very rich modeling application. It starts with a wizard that captures all the necessary information from you to create the model.
Visualize the Markov Model with a Decision Tree
A very comprehensive decision tree is presented which can be built using the Step by Step Wizard or directly interacting with the Decision Tree diagram.
Especially Made for Cost Effectiveness Analysis (healthcare)
Use can use QALY or DALY to define the reward of a Markov state or a Markov action and calculate the expected Effectiveness, expected cost, expected net monetary benefit, etc.
Use the custom expression in a Markov Chain to predict a custom state
You can even use custom expressions using the state names to predict a custom state of your Markov chain.
A plethora of charts on Markov Chain and Markov Decision Process
A lot of charts are available for you to get various perspectives on the Markov decision process.
A Part of our Rational Will software
This Markov Decision Process Software is also available in our composite (bundled) product Rational Will®, where you get a streamlined user experience of many decision modeling tools. Therefore, if you get Rational WIll, you won't need to acquire this software separately.