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Green Decision Analysis in Manufacturing

Sean Salleh 02 Sep 2013 Energy and environment

At one time, manufacturing relied totally on deterministic decision analysis. Neither the PC nor Monte Carlo methods had been invented, but manufacturing decision processes were also much simpler, endogenous and controlled. A few arithmetic expressions were enough, give or take...

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Models for Tidal Energy – How Analytics Can Examine Real-World Environmental Challenges

Sean Salleh 30 Aug 2013 Energy and environment

Sustainable energy is a great goal, but reliable, sustainable energy is even better. The sun and the wind only work for generating energy when they are present. Global demand for energy and in particular electricity is expected to rise with...

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Decision Analysis Tools: Weighing Outsourcing vs In-sourcing

Sean Salleh 29 Aug 2013 Modeling methods

Conventional business wisdom is currently that any non-core competence in an organization should be outsourced to an external supplier that is specialized in that competence. IT, accounting, manufacturing, and shipping are just some of the company activities that have gone...

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Multi-Criteria Analysis in Sustainable Energy Planning: a Quick Review

Sean Salleh 28 Aug 2013 Energy and environment

Energy planning in general may allow for simple cost-benefit analysis; however, sustainable energy planning with the multiple factors and tradeoffs involved requires a different approach. Multi-criteria analysis is a natural part of the process in many cases, and a number...

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Standard Deviation, Sporting Predictions and Investments

Sean Salleh 27 Aug 2013 Risk and uncertainty

Fancy a flutter? Actually, ‘flutters’, hunches’ and similar notions related to un-quantified intuition are avoided by many sports betting experts. They prefer a more analytical approach based on scrutiny of past sporting performance, comparative athletes,  team strengths, and...

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Measuring Uncertainty in Economics: Chicken or Egg?

Sean Salleh 26 Aug 2013 Risk and uncertainty

Conventional wisdom has long held that uncertainty is a cause of weakening in an economy. The theory goes that uncertainty first causes people and companies wait and see before taking decisions, and that this then in turn has an economic...

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OR Methods: The Neural Network Misnomer

Sean Salleh 23 Aug 2013 Analytics and OR

The brain in a box it is not.  In terms of OR methods, ‘the neural network’ is a far more modest idea than straight AI, but it is of practical use, nonetheless. While it is true that the...

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Using Operations Research for “Look-Ahead” Inventory Policies

Sean Salleh 22 Aug 2013 Analytics and OR

How much inventory is held in the United States? If you count finished goods, partially finished goods and the raw materials needed to make those goods, there is over $4,000 of stock for every person in the country – or over...

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How Business Intelligence Helps You Avoid Delay and Boost Results

Sean Salleh 21 Aug 2013 Modeling methods

Perception is not always reality. When business intelligence is often perceived by users as a ready-to-use window on their PC screen that will answer all their questions, the reality might be that the real heavy lifting still needs to be...

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Experimenting with Business Analytics

Sean Salleh 20 Aug 2013 Modeling methods

How do you see the business analytics trio of descriptive, predictive and decision analytics? If you see these activities as mechanical IT processes, you may well head off into time and motion territory to see how efficiently you can squeeze...

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