Likelihood to Recommend Based on my limited experience and use, and therefore limited global knowledge of the software, I would recommend it especially if the data that will be used as inputs to the model has previously worked on a spreadsheet such as Excel. I would also recommend it to analyze problems of medium and small size. Given the experience I have had when I have used it with large problems, there have been noticeable decreases in the speed of response (which are not associated with the size of the system of equations involved in the calculation). Excellent for processing linear programming models.
Read full review Pecan is something that few know and that I feel can represent a great utility for an entire company, to focus and prioritize all its products and services in favor of the right path, avoiding making mistakes and jumping directly to the solution of future problems before they happen. Pecan will allow you to always be one step ahead and improve your trading system quickly.
Read full review Pros Easy to use and learn. Strong optimization platform for business and supply chain problems which can be modeled in Excel It can handle multiple objectives and more than 8000 decision variables in a problem. Lots of tutorial and examples are available to solve the problem Read full review One of the main important characteristics is its ease of use and the intuitive nature of the platform. It is possible to carry out analyzes quickly and efficiently without requiring user experience. This positive point really gives us what we need for our work: optimization and automation. The creation of reports and statistics allows us to fully visualize the analysis carried out, in order to develop our work and carry out the pertinent actions. Segmentation allows us to prioritize potential customers, more focused marketing campaigns, highlight our services with what our public is really interested in. Read full review Cons On the few occasions when I have used it to deal with problems of optimization of relatively large parameters (with a large number of restrictions and decision variables), the program has been slower, not substantially but slower, than programs such as the WinQsb, even when the latter runs on 32-bit machines and not 64. That has caught my attention, even though it is not a real problem for the uses I give to the program. Given my partial function as a university professor, it has been much more effective and practical to use other software, due to the limited options that the educational license associated with the software has. Read full review Alternatives Considered We believe in building the models in Excel. A limitation with Excel is that Excel Solver can not take more than 200 decision variables with multiple constraints. It is cheap in terms of license and maintenance fees against other softwares which are available in the market.
Read full review I particularly believe that CrossEngage has some features that Pecan does not offer, such as A/B Testing, however, we were looking for a good predictor and analyst and the truth is that Pecan does its job very well.
Read full review Return on Investment - It has allowed finding ways to optimize (minimizing costs or times) the field processes involved in various projects. It has even allowed, in specific cases where it was used for that purpose, to optimize the allocation of resources (people) to work in different jobs that present weekly variations of the activity that these people must perform. It has allowed the sensitivity analysis of projects to changes in the decision variables related to them, which, and in very dynamic and changing environments, resulted in substantial decreases in money losses. Read full review ScreenShots